ALK · Alaska Air Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.30B | - | $3.77B | $3.70B | $3.14B | - | $3.07B | $2.90B | $2.23B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $3.58B | - | $3.62B | $3.43B | $3.33B | - | $2.73B | $2.58B | $2.40B | - |
| D&A | $204.00M | - | $203.00M | $199.00M | $194.00M | - | $139.00M | $128.00M | $126.00M | - |
| Operating Income | ($279.00M) | - | $148.00M | $277.00M | ($197.00M) | - | $341.00M | $322.00M | ($166.00M) | - |
| Interest Expense | $76.00M | - | $70.00M | $36.00M | $35.00M | - | - | - | - | - |
| Income Tax | ($124.00M) | - | $38.00M | $66.00M | ($67.00M) | - | $92.00M | $96.00M | ($46.00M) | - |
| Net Income | ($193.00M) | - | $73.00M | $172.00M | ($166.00M) | - | $236.00M | $220.00M | ($132.00M) | - |
| EPS - Basic | ($1.69) | - | $0.63 | $1.45 | ($1.35) | - | $1.87 | $1.74 | ($1.05) | - |
| EPS - Diluted | ($1.69) | - | $0.62 | $1.42 | ($1.35) | - | $1.84 | $1.71 | ($1.05) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $451.00M | $627.00M | $778.00M | $750.00M | $1.04B | $1.20B | $1.01B | $1.11B | $885.00M | $281.00M |
| Accounts Receivable | $630.00M | $565.00M | $586.00M | $737.00M | $569.00M | $558.00M | $510.00M | $370.00M | $384.00M | $383.00M |
| Inventory | $232.00M | $203.00M | $229.00M | $218.00M | $206.00M | $199.00M | $202.00M | $106.00M | $104.00M | $116.00M |
| Accounts Payable | $409.00M | $324.00M | $322.00M | $240.00M | $237.00M | $186.00M | $242.00M | $203.00M | $181.00M | $207.00M |
| Current Assets | $3.02B | $3.27B | $3.47B | $3.51B | $3.72B | $3.76B | $3.74B | $3.38B | $3.13B | $2.71B |
| Total Assets | $20.30B | $20.36B | $20.01B | $19.89B | $19.82B | $19.77B | $19.56B | $15.34B | $14.81B | $14.61B |
| Current Liabilities | $7.06B | $6.59B | $6.66B | $6.71B | $6.70B | $6.14B | $6.25B | $4.97B | $4.83B | $4.46B |
| Long-term Debt | $4.76B | $4.77B | $4.49B | $4.45B | $4.29B | $4.49B | $4.16B | $2.31B | $2.26B | $2.18B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $3.73B | $4.12B | $4.03B | $3.94B | $4.14B | $4.37B | $4.48B | $4.23B | $3.98B | $4.11B |
| Retained Earnings | $4.84B | $5.03B | $5.01B | $4.94B | $4.76B | $4.93B | $4.86B | $4.62B | $4.40B | $4.54B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $421.00M | - | - | - | $459.00M | - | - | - | $292.00M | - |
| Investing Cash Flow | ($169.00M) | - | - | - | ($381.00M) | - | - | - | $318.00M | - |
| Financing Cash Flow | ($428.00M) | - | - | - | ($236.00M) | - | - | - | ($5.00M) | - |
| CapEx | - | - | - | - | - | - | - | - | $57.00M | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | $235.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -8.5% | - | 3.9% | 7.5% | -6.3% | - | 11.1% | 11.1% | -7.4% | - |
| EBITDA margin | -2.3% | - | 9.3% | 12.9% | -0.1% | - | 15.6% | 15.5% | -1.8% | - |
| Net margin | -5.8% | - | 1.9% | 4.6% | -5.3% | - | 7.7% | 7.6% | -5.9% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | 10.5% | - |
| FCF / Net income | - | - | - | - | - | - | - | - | -1.78 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | 34.2% | 27.7% | - | - | 28.0% | 30.4% | - | - |
| Return on assets | -1.0% | - | 0.4% | 0.9% | -0.8% | - | 1.2% | 1.4% | -0.9% | - |
| Return on equity | -5.2% | - | 1.8% | 4.4% | -4.0% | - | 5.3% | 5.2% | -3.3% | - |
| Return on invested capital | -2.6% | - | 1.1% | 2.4% | -1.8% | - | 2.8% | 3.4% | -2.1% | - |
| Liquidity | ||||||||||
| Current ratio | 0.43 | 0.50 | 0.52 | 0.52 | 0.56 | 0.61 | 0.60 | 0.68 | 0.65 | 0.61 |
| Quick ratio | 0.39 | 0.46 | 0.49 | 0.49 | 0.52 | 0.58 | 0.57 | 0.66 | 0.63 | 0.58 |
| Cash ratio | 0.06 | 0.10 | 0.12 | 0.11 | 0.16 | 0.20 | 0.16 | 0.22 | 0.18 | 0.06 |
| Leverage | ||||||||||
| Debt / Equity | 1.28 | 1.16 | 1.11 | 1.13 | 1.04 | 1.03 | 0.93 | 0.55 | 0.57 | 0.53 |
| Debt / Assets | 0.23 | 0.23 | 0.22 | 0.22 | 0.22 | 0.23 | 0.21 | 0.15 | 0.15 | 0.15 |
| Debt / EBITDA | - | - | 12.79 | 9.34 | - | - | 8.66 | 5.14 | - | - |
| Interest coverage | -3.7x | - | 2.1x | 7.7x | -5.6x | - | - | - | - | - |
| Equity multiplier | 5.44 | 4.94 | 4.97 | 5.04 | 4.79 | 4.52 | 4.37 | 3.63 | 3.72 | 3.55 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.16 | - | 0.19 | 0.19 | 0.16 | - | 0.16 | 0.19 | 0.15 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 70d | - | 57d | 73d | 66d | - | 61d | 47d | 63d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 80.3x | 34.8x | - | - | 24.6x | 23.6x | - | - |
| P / B | 1.1x | - | 1.5x | 1.5x | 1.5x | - | 1.3x | 1.2x | 1.4x | - |
| P / S | 1.3x | - | 1.6x | 1.6x | 1.9x | - | 1.9x | 1.8x | 2.4x | - |
| EV / EBITDA | - | - | 27.2x | 20.3x | - | - | 18.7x | 14.2x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 5.2% | - | 22.6% | 27.9% | 40.5% | - | 8.2% | 2.1% | 1.6% | - |
| Revenue CAGR (3y) | 14.5% | - | 10.0% | 34.4% | 57.9% | - | 63.6% | 23.8% | 41.0% | - |
| Revenue CAGR (5y) | 32.9% | - | 40.0% | 54.5% | 13.9% | - | 5.2% | 4.8% | 3.5% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -41.6% | - | -56.6% | -14.0% | -18.7% | - | 61.6% | -4.5% | 10.8% | - |
| Net income growth (YoY) | -16.3% | - | -69.1% | -21.8% | -25.8% | - | 69.8% | -8.3% | 7.0% | - |
| EPS growth (YoY) | -25.2% | - | -66.3% | -17.0% | -28.6% | - | 70.4% | -8.1% | 5.4% | - |
| EPS CAGR (3y) | - | - | 26.0% | 9.2% | - | - | 6.3% | -18.3% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | -6.7% | -4.1% | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | 139.8% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | -7.8% | - |
| Book value growth (YoY) | -9.8% | -5.8% | -10.0% | -6.7% | 4.0% | 6.3% | 9.4% | 7.0% | 7.8% | 7.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$14.23B totalAlaska Airlines Segment$9.09B · 63.9%
Hawaiian Airlines Segment$3.28B · 23.1%
Regional Segment$1.85B · 13.0%
Product / service
$27.62B totalPassenger$12.84B · 46.5%
Passenger Tickets$10.76B · 39.0%
Loyalty Plan$1.43B · 5.2%
Loyalty Plan Other$855.00M · 3.1%
Passenger Ancillary Services$646.00M · 2.3%
Cargo And Freight$549.00M · 2.0%
Other Services$292.00M · 1.1%
Cargo Services$257.00M · 0.9%
Geographic
$12.84B totalNorth America$11.63B · 90.6%
Latin America$674.00M · 5.3%
Asia Pacific$530.00M · 4.1%
Peer comparison
Same SIC group: Air Transportation, Scheduled
Comparing ALASKA AIR GROUP against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Feb 14, 2020 | $0.3750 |
| Nov 18, 2019 | $0.3500 |
| Aug 19, 2019 | $0.3500 |
| May 20, 2019 | $0.3500 |
| Feb 15, 2019 | $0.3500 |
| Nov 19, 2018 | $0.3200 |
| Aug 20, 2018 | $0.3200 |
| May 21, 2018 | $0.3200 |
| Feb 16, 2018 | $0.3200 |
| Nov 20, 2017 | $0.3000 |
| Aug 18, 2017 | $0.3000 |
| May 19, 2017 | $0.3000 |
| Feb 16, 2017 | $0.3000 |
| Nov 10, 2016 | $0.2750 |
| Aug 16, 2016 | $0.2750 |
| May 20, 2016 | $0.2750 |
| Feb 19, 2016 | $0.2750 |
| Nov 13, 2015 | $0.2000 |
| Aug 14, 2015 | $0.2000 |
| May 19, 2015 | $0.2000 |
| Feb 20, 2015 | $0.2000 |
| Nov 14, 2014 | $0.1250 |
| Aug 15, 2014 | $0.1250 |
| May 21, 2014 | $0.1250 |