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ALKAlaska Air Group, Inc.
$49.09$5.5B
Overview & Verdict
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ALK logoAlaska Air Group, Inc.(ALK)Earnings, Financials & Key Ratios

ALK•NYSE
$49.09
56.4× P/E·Price updated Jul 7, 2026
SectorIndustrialsIndustryAirlines & AirportsSub-IndustryCommercial passenger airlines
AboutAlaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.Show more
  • Revenue$14.24B+21.3%
  • EBITDA$1.1B-0.7%
  • Net Income$100M-74.7%
  • EPS (Diluted)0.87-71.8%
  • Gross Margin59.66%+144.7%
  • EBITDA Margin7.71%-18.2%
  • Operating Margin2.13%-56.2%
  • Net Margin0.7%-79.1%
  • ROE2.36%-74.7%

ALK Price & Volume

Alaska Air Group, Inc. (ALK) stock price & volume — 10-year historical chart

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Cyclical Margin Volatility Strains Alaska Air Solvency

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Strained
Cash Flow:Mixed
Primary Risk:Operational margin volatility

Key Thesis Takeaways

  • Alaska Air Group faces significant headwinds as revenue growth decelerated to 5.2% in 2026Q1, signaling a normalization of demand that complicates the company's path to consistent profitability.
  • The firm's aggressive fleet expansion has driven total debt to $6.7 billion, creating a precarious financial structure characterized by a 1.79 debt-to-equity ratio.
  • Investors should remain cautious as the company struggles to balance high capital intensity with the need to stabilize operating margins that recently swung to a negative 8.5%.

Verdict Logic

the company's deteriorating liquidity position, evidenced by a current ratio of 0.43, combined with a net loss of $193 million in 2026Q1, suggests significant operational and financial risks.

ALK Growth Metrics

Alaska Air Group, Inc. (ALK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years9.79%
5 Years31.9%
3 Years13.86%
TTM13.94%

Profit CAGR

10 Years-19.25%
5 Years-
3 Years19.91%
TTM-79.78%

EPS CAGR

10 Years-18.29%
5 Years-
3 Years24.58%
TTM-80.73%

Return on Capital

10 Years5.67%
5 Years3.51%
3 Years3.44%
Last Year2.21%

ALK Recent Earnings

Alaska Air Group, Inc. (ALK) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 20, 2026
Metric
Actual
Est
EPS
$1.68-1.8%
$1.65
Rev
$3.3B+0.2%
$3.3B
Q1 2026
Jan 22, 2026
Metric
Actual
Est
EPS
$0.43+290.9%
$0.11
Rev
$3.6B-0.3%
$3.6B
Q4 2025
Oct 23, 2025
Metric
Actual
Est
EPS
$1.05-3.7%
$1.09
Rev
$3.8B+0.2%
$3.8B
Q3 2025
Jul 23, 2025
Metric
Actual
Est
EPS
$1.78+14.1%
$1.56
Rev
$3.7B-1.3%
$3.8B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 20, 2026
$1.68vs $1.65-1.8%
$3.3Bvs $3.3B+0.2%
Q1 2026Jan 22, 2026
$0.43vs $0.11+290.9%
$3.6Bvs $3.6B-0.3%
Q4 2025Oct 23, 2025
$1.05vs $1.09-3.7%
$3.8Bvs $3.8B+0.2%
Q3 2025Jul 23, 2025
$1.78vs $1.56+14.1%
$3.7Bvs $3.8B-1.3%
Based on last 12 quarters of dataView full earnings history →

Latest ALK News

Recent stock market news and headlines for Alaska Air Group, Inc. (ALK)

Zacks Investment Research·Jun 26, 2026
Alaska Air Group (ALK) Ascends While Market Falls: Some Facts to Note

In the most recent trading session, Alaska Air Group (ALK) closed at $53.86, indicating a +1.07% shift from the previous trading day.

PRNewsWire·Jun 25, 2026
Atmos™ Rewards members now unlock free inflight Wi-Fi on Alaska Airlines and Hawaiian Airlines, thanks to T-Mobile

Alaska Airlines recognizes T-Mobile for its key contributions in making complimentary Wi-Fi possible so that guests can stay connected throughout their journey Alaska and Hawaiian announced 100% of their regional fleet and the first 50 of its mainline aircraft are now equipped with Starlink's fastest Wi-Fi in the sky, marking a significant milestone in the rapid rollout across the combined fleet Complimentary, ultra-fast Wi-Fi is available on all Hawaiian Airlines aircraft flying to and from Hawai'i, reinforcing its leadership as the first major U.S. airline to bring the service to the skies SEATTLE, June 25, 2026 /PRNewswire/ -- Alaska Airlines and Hawaiian Airlines today announced major progress in the rollout of free, lightning-fast Wi-Fi across the combined fleet, with approximately 150 aircraft now equipped — putting the airline ahead of schedule in enhancing connectivity and delivering an industry-leading guest experience. The milestone positions Alaska and Hawaiian among the first to offer ultra-fast, free inflight Wi-Fi across their fleet.

Zacks Investment Research·Jun 17, 2026
Alaska Air Group (ALK) Suffers a Larger Drop Than the General Market: Key Insights

Alaska Air Group (ALK) closed at $48.27 in the latest trading session, marking a -1.71% move from the prior day.

Zacks Investment Research·Jun 17, 2026
ALK Expands West Coast Operations With New PDX Maintenance Facility

Alaska Airlines invests more than $135 million in a new Portland maintenance hangar, expanding fleet support, boosting capacity and backing future growth plans.

PRNewsWire·Jun 17, 2026
Alaska Airlines promotes CFO Shane Tackett to President

With more than 25 years at Alaska across finance, strategy, commercial and labor relations, Tackett brings deep operating knowledge and financial discipline to an expanded leadership role across the company's operations and brands The promotion strengthens Alaska's leadership team as the airline advances its Alaska Accelerate plan and grows as a global carrier SEATTLE, June 17, 2026 /PRNewswire/ -- Alaska Airlines today announced the election of Shane Tackett to President and Chief Financial Officer of Alaska Airlines, expanding his leadership role as the company continues to execute its long-term strategy for profitable growth and deliver on the combined airline's vision of connecting guests to the world through a remarkable travel experience rooted in safety, care and performance. In this role, Tackett will continue leading the organization's finance, fleet management, investor relations, supply chain, internal audit and information technology functions, while also adding the commercial organization, led by Chief Commercial Officer Andrew Harrison, to his portfolio of responsibilities.

Peers Comparison

Key metrics vs top competitors for Alaska Air Group, Inc. (ALK)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ALK logoALKAlaska Air Group, Inc.Current
$49.09$5.47B56.4321.34%0.7%2.36%—
DAL logoDALDelta Air Lines, Inc.
$88.63$58.23B11.572.79%6.87%23.14%—
UAL logoUALUnited Airlines Holdings, Inc.
$128.31$41.65B12.553.52%6.06%24.91%—
AAL logoAALAmerican Airlines Group Inc.
$17.20$11.36B101.180.78%0.36%——
LUV logoLUVSouthwest Airlines Co.
$49.43$24.27B62.572.11%2.83%10.67%—
JBLU logoJBLUJetBlue Airways Corporation
$5.72$2.13B-3.45-2.34%-7.78%-33.13%—

Compare ALK vs Peers

Alaska Air Group, Inc. (ALK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DAL

Most directly comparable listed peer for ALK.

Scale Benchmark

vs GE

Larger-name benchmark to compare ALK against a more recognizable public peer.

Peer Set

Compare Top 5

vs DAL, UAL, AAL, LUV

ALK SEC Filings & Documents

Alaska Air Group, Inc. (ALK) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jun 17, 2026·SEC

Material company update

Jun 3, 2026·SEC

Material company update

May 14, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 12, 2026·SEC

FY 2025

Feb 14, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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ALK Frequently Asked Questions

Alaska Air Group, Inc. (ALK) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Alaska Air Group, Inc.'s revenue?

Alaska Air Group, Inc. (ALK) reported $14.40B in revenue for fiscal year 2025. This represents a 805% increase from $1.59B in 1996.

How fast is Alaska Air Group, Inc. growing?

Alaska Air Group, Inc. (ALK) grew revenue by 21.3% over the past year. This is strong growth.

Is ALK profitable?

Yes, Alaska Air Group, Inc. (ALK) is profitable, generating $73.0M in net income for fiscal year 2025 (0.7% net margin).

Dividend & Returns
What is ALK's return on equity?

Alaska Air Group, Inc. (ALK) has a return on equity (ROE) of 2.4%. This is below average, suggesting room for improvement.

What is Alaska Air Group, Inc.'s free cash flow?

Alaska Air Group, Inc. (ALK) had negative free cash flow of $477.0M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in ALK back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →