Alaska Air Group financials
$39.93+0.58%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.24B | $11.73B | $10.43B | $9.65B | $6.18B | $3.57B | $8.78B | $8.26B | $7.89B | $5.92B |
| Gross profit | $13.86B | $11.45B | $10.19B | $9.45B | $6.04B | $3.48B | $8.57B | $7.90B | $7.70B | $5.80B |
| Gross margin | 97.3% | 97.6% | 97.7% | 98.0% | 97.7% | 97.5% | 97.6% | 95.6% | 97.5% | 97.9% |
| Operating income | $303.0M | $570.0M | $394.0M | $70.0M | $685.0M | -$1.77B | $1.06B | $643.0M | $1.21B | $1.31B |
| Net income | $100.0M | $395.0M | $235.0M | $58.0M | $478.0M | -$1.32B | $769.0M | $437.0M | $960.0M | $797.0M |
| Net margin | 0.7% | 3.4% | 2.3% | 0.6% | 7.7% | −37.1% | 8.8% | 5.3% | 12.2% | 13.5% |
| Diluted EPS | $0.83 | $3.08 | $1.83 | $0.45 | $3.77 | $-10.72 | $6.19 | $3.52 | $7.75 | $6.41 |
| EBITDA | $1.35B | $1.50B | $1.29B | $1.06B | $1.07B | -$502.0M | $1.53B | $1.13B | $1.70B | $1.79B |
| Operating cash flow | $1.25B | $1.46B | $1.05B | $1.42B | $1.03B | -$234.0M | $1.72B | $1.20B | $1.59B | $1.39B |
| Free cash flow | -$339.0M | $183.0M | -$444.0M | -$253.0M | $738.0M | -$456.0M | $1.03B | $235.0M | $564.0M | $708.0M |
| Diluted shares | 119.9M | 128.4M | 128.7M | 127.9M | 126.8M | 123.5M | 124.3M | 124.0M | 123.9M | 124.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $627.0M | $1.20B | $281.0M | $338.0M | $470.0M | $1.37B |
| Short-term investments | $1.50B | $1.27B | $1.51B | $2.08B | $2.65B | $1.98B |
| Total debt | $5.55B | $4.99B | $2.54B | $2.16B | $2.54B | $3.50B |
| Total assets | $20.36B | $19.77B | $14.61B | $14.19B | $13.95B | $14.05B |
| Total liabilities | $16.24B | $15.40B | $10.50B | $10.37B | $10.15B | $11.06B |
| Shareholders' equity | $4.12B | $4.37B | $4.11B | $3.82B | $3.80B | $2.99B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology