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Stock research / United States / ALK · Air Transportation, Scheduled · NYSE

Alaska AIR Group, Inc. (ALK)

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Alaska AIR Group, Inc. (ALK) reported revenue of $4.1 billion for Q2 FY2026, the quarter ended 30 June 2026, up 9.7% on the same quarter a year earlier. Net income was -$76 million, and diluted earnings per share $-0.68. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$4.1 billionup 9.7%
Net income-$76 million
Diluted EPS$-0.68
QuarterQ2 FY2026ended 30 June 2026

Alaska AIR Group (ALK) in brief

Alaska AIR Group (ALK) reported revenue of $14.2 billion for fiscal 2025, the year ended 31 December 2025, up 21.3% on the year before.
Read moreNet income was $100 million and diluted earnings per share $0.83. Revenue was $11.7 billion in fiscal 2024, $10.4 billion in fiscal 2023, $9.6 billion in fiscal 2022 and $6.2 billion in fiscal 2021. Net income in the same years was $395 million, $235 million, $58 million and $478 million. Over the twelve months to 30 June 2026, Alaska AIR Group reported revenue of $14.8 billion and net loss of $175 million. Revenue grew 31.9% a year, compounded, over the five years to fiscal 2025. Alaska AIR Group declared $0.38 a share in dividends over the last four quarters and had 112 million shares outstanding at the latest filed count. At 30 June 2026 it carried $6.0 billion of debt and $1.1 billion of cash. At the close of 8 October 2026 the market cap of Alaska AIR Group was $4.4 billion.

Ratios

From the filings

ROE-4.8%
ROCE-2.3%
Operating margin-1.5%
Net margin-1.2%
FCF margin5.0%
Interest cover-0.74
Debt to equity1.65
Cash conversionn/a
Share count, 1 year-3.2%
Sales CAGR, 3 years13.9%
Profit CAGR, 3 years19.9%
EPS, TTM-$1.57

At the close of 8 October 2026

Price$39.52
Market cap$4.4 billion
Stock P/En/a
Price to book1.20
EV / EBITDA15.95
Dividend yield0.9%
Market cap / sales0.30
52-week high$60.21
52-week low$34.19
Price, 1 year-19.6%
Price CAGR, 3 years4.7%
Price CAGR, 5 years-8.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Alaska AIR Group, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
ALKgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ALK

Filings23 in twelve months: 16 current reports (8-K), about 10 regulation fd disclosure; 4 results of operations; 3 material agreement; 3 other events; 2 officer or director change
Planned insider sales7 Form 144 notices in twelve months, $4.6 million; latest 3 August 2026
Options tapeput/call 0.56 by open interest at the 8 October 2026 close; the straddle prices a 6.3% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Citadel Advisors; 7 Schedule 13D or 13G filings in twelve months
Insider trading6 sales and 1 purchase on Form 4 in twelve months
Congress2 House trades disclosed in six months
Short interest11.5 million shares short, 5.06 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,8392,5532,2322,8973,0723,5343,1373,7043,7663,6323,3004,065
Operating income21132.0-16632234173.0-19727714875.0-279-168
Operating margin7%1%-7%11%11%2%-6%7%4%2%-8%-4%
Interest expensen/an/a35.036.044.056.066.066.070.070.076.086.0
Pre-tax income1934.0-17831632879.0-23323811130.0-317-214
Tax rate28%150%n/a30%28%10%n/a28%34%30%n/an/a
Net income139-2.0-13222023671.0-16617273.021.0-193-76.0
Net margin5%-0%-6%8%8%2%-5%5%2%1%-6%-2%
Diluted EPS$1.08$0.00-$1.05$1.71$1.84$0.55-$1.35$1.42$0.62$0.18-$1.69-$0.68
Operating cash flow271-53.0292580318274459376229185421185
Capital expenditure35750357.010058.091.042.086.091.090.030.078.0
Free cash flow-86.0-55623548026018341729013895.0391107
Buybacks13.067.020.029.014.02491054305.030.019357.0
Shares outstanding127m126m126m126m126m123m123m115m115m116m111m112m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Revenue5,3685,5985,9317,8948,2648,7813,5666,1769,64610,42611,73514,23914,763
Operating income9621,2981,3061,2086431,063-1,77568570.0394570303-224
Operating margin17.9%23.2%22.0%15.3%7.8%12.1%-49.8%11.1%0.7%3.8%4.9%2.1%-1.5%
Interest expense48.042.055.010391.078.098.0128108121171272302
Pre-tax income9751,3121,3161,1595851,016-1,84062979.0323545146-390
Income tax370464519199148247-51615121.088.015046.0-215
Effective tax rate37.9%35.4%39.4%17.2%25.3%24.3%n/a24.0%26.6%27.2%27.5%31.5%n/a
Net income605848797960437769-1,32447858.0235395100-175
Net margin11.3%15.1%13.4%12.2%5.3%8.8%-37.1%7.7%0.6%2.3%3.4%0.7%-1.2%
Diluted EPS$4.42$6.56$6.41$7.75$3.52$6.19-$10.72$3.77$0.45$1.83$3.08$0.83-$1.57
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Alaska Airlines8,8539,0519,09063.9%
Hawaiian Airlines0.08693,28323.1%
Regional1,5651,8051,85313.0%
Alaska AirlinesHawaiian AirlinesRegional
10.4FY202311.7FY202414.2FY2025

$ billion; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Operating cash flow1,0301,5841,3861,5901,1951,722-2341,0301,4181,0501,4641,2491,020
Capital expenditure6948316781,0269606962222921,6711,494293309289
Free cash flow3367537085642351,026-456738-253-4441,171940731
Free cash flow margin6.3%13.5%11.9%7.1%2.8%11.7%-12.8%11.9%-2.6%-4.3%10.0%6.6%5.0%
Cash from investing-541-930-2,622-1,129-631-791-593-1,008-1,218-964-634-1,623-1,511
Cash from financing-462-6881,491-592-647-8131,981-914-325-147119-199817
Depreciation and amortisation294320363372398423420394415451583795813
Share-based compensation6.025.026.055.047.029.024.051.042.085.063.010.042.0
Buybacks34850519375.050.075.031.00.00.0137312570285
Dividends paid68.010213614815817345.00.00.0n/an/an/an/a
Dividend per share$0.50$0.80$1.10$1.20$1.28$1.40$0.38n/an/an/an/an/an/a
Diluted shares, weighted137m129m124m124m124m124m123m127m128m129m128m120m111m
Shares outstanding at period end131m125m123m123m123m123m124m126m128m126m123m116m112m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity2,1272,4112,7443,4603,7514,3312,9883,8013,8164,1134,3724,1183,670
Debt8036832,9642,5692,1031,4993,4952,5392,1592,4714,9335,3096,048
Operating lease liabilitiesn/an/an/an/a0.01,4391,2681,2791,3931,1251,1981,1411,164
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/a0.047.065.0n/a
Other liabilities3,1343,4394,2544,7115,0585,7246,2956,3326,8186,9049,2189,72810,364
Total liabilities and equity6,0646,5339,96210,74010,91212,99314,04613,95114,18614,61319,76820,36121,246
Owned
Fixed assets4,2994,8025,6666,2846,7816,9026,2116,1387,2578,38810,78111,85712,009
Goodwilln/a0.01,9341,9431,9431,9432,0502,0442,0381,9432,7242,7232,723
Intangible assetsn/a0.0143133127122107n/an/a90.0873815787
Investments1,1101,2551,2521,4271,1311,3001,9762,6462,0791,5101,2741,4961,598
Cash and equivalents10773.03281941052211,3704703382811,2016271,064
Receivables259212302341366323480546296383558565681
Inventory58.051.047.057.060.072.057.062.0104116199203253
Other assets2311402903613992,1101,7952,0452,0741,9022,1582,0752,131
Total assets6,0646,5339,96210,74010,91212,99314,04613,95114,18614,61319,76820,36121,246
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded9.8%31.9%13.9%9.8%
Profit growth, compounded-19.2%n/a19.9%n/a
Return on equity, average7.3%6.3%5.7%2.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Transportation

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Delta Air Lines, Inc. DAL$54.0 billion13.6218.1%8.1%10.3%0.590.8%
United Airlines Holdings, Inc. UAL$34.9 billion10.0520.9%7.7%8.5%1.46n/a
Southwest Airlines Co. LUV$20.2 billion25.3711.8%3.5%9.5%0.541.7%
Saia Inc. SAIA$9.1 billion32.9410.2%11.0%4.8%0.04n/a
American Airlines Group Inc. AAL$8.5 billionn/an/a1.7%7.5%n/a0.0%
Kirby Corp. KEX$7.3 billion21.2510.3%14.0%6.6%0.30n/a
Norwegian Cruise Line Holdings Ltd. NCLH$7.1 billion9.6829.6%15.1%6.2%5.40n/a
Landstar System Inc. LSTR$5.7 billion43.9015.7%3.5%4.1%0.002.1%
Gatx Corp. GATX$5.7 billion16.1213.2%29.1%22.8%4.431.5%
GXO Logistics, Inc. GXO$5.3 billion41.034.4%2.4%7.6%0.82n/a
Alaska AIR Group, Inc. ALK$4.4 billionn/a-4.8%-1.5%9.8%1.650.9%
Brinks Co. BCO$4.2 billion23.6958.3%10.5%8.1%12.541.0%
All 29 in Transportation
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Union Pacific Corp. UNP$165.2 billion22.5335.5%40.0%4.2%1.402.0%
Booking Holdings Inc. BKNG$120.2 billion17.75n/a32.9%12.9%n/a0.2%
CSX Corp. CSX$87.7 billion27.3622.9%34.2%2.5%1.221.1%
United Parcel Service Inc. UPS$80.1 billion17.5030.3%7.3%-0.4%1.587.0%
Royal Caribbean Cruises Ltd. RCL$75.3 billion17.3943.0%27.3%8.7%2.231.8%
Norfolk Southern Corp. NSC$71.2 billion27.0516.2%32.2%3.0%0.981.7%
FedEx Corp. FDX$69.0 billion15.7614.0%5.8%7.7%0.742.0%
Delta Air Lines, Inc. DAL$54.0 billion13.6218.1%8.1%10.3%0.590.8%
Old Dominion Freight Line, Inc. ODFL$37.7 billion35.0024.0%25.8%-0.6%0.000.6%
Carnival Corp. Ltd. CCL$35.1 billion11.4122.1%16.0%5.2%1.737.5%
United Airlines Holdings, Inc. UAL$34.9 billion10.0520.9%7.7%8.5%1.46n/a
Expedia Group, Inc. EXPE$30.9 billion16.84168.4%16.0%12.0%4.520.7%
Expeditors International of Washington Inc. EXPD$25.2 billion28.2043.4%9.8%6.8%0.000.8%
HF Sinclair Corp. DINO$21.5 billion11.5218.6%8.3%16.3%0.271.7%
J.B. Hunt Transport Services, Inc. JBHT$21.5 billion32.3518.4%7.5%5.3%0.310.2%
Xpo, Inc. XPO$21.3 billion53.6720.6%8.8%7.1%1.55n/a
Southwest Airlines Co. LUV$20.2 billion25.3711.8%3.5%9.5%0.541.7%
C. H. Robinson Worldwide, Inc. CHRW$16.6 billion26.9738.9%4.9%-0.1%1.041.8%
ZTO Express (Cayman) Inc. ZTO *$15.7 billion11.9213.7%21.3%10.9%n/a3.3%
Knight-Swift Transportation Holdings Inc. KNX$10.6 billion250.190.6%2.7%4.1%0.271.1%
Saia Inc. SAIA$9.1 billion32.9410.2%11.0%4.8%0.04n/a
American Airlines Group Inc. AAL$8.5 billionn/an/a1.7%7.5%n/a0.0%
Kirby Corp. KEX$7.3 billion21.2510.3%14.0%6.6%0.30n/a
Norwegian Cruise Line Holdings Ltd. NCLH$7.1 billion9.6829.6%15.1%6.2%5.40n/a
Landstar System Inc. LSTR$5.7 billion43.9015.7%3.5%4.1%0.002.1%
Gatx Corp. GATX$5.7 billion16.1213.2%29.1%22.8%4.431.5%
GXO Logistics, Inc. GXO$5.3 billion41.034.4%2.4%7.6%0.82n/a
Alaska AIR Group, Inc. ALK$4.4 billionn/a-4.8%-1.5%9.8%1.650.9%
Brinks Co. BCO$4.2 billion23.6958.3%10.5%8.1%12.541.0%
4 companies share its SEC industry code (Air Transportation, Scheduled); the rest are the names nearest in size in its wider industry, Transportation, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202512 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202414 February 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 20242 August 2024EDGAR
10-Q31 March 20243 May 2024EDGAR

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