Alaska Air Group, Inc.
ALK- Exchange
- NYSE
- Industry
- Air Transportation, Scheduled
- SEC CIK
- 0000766421
In the last 90 days, Alaska Air Group, Inc. insiders filed 1 open-market purchase and 0 sales; 494 institutions reported holding it in 13F filings for Q2 2026, worth $5.34B in total; Semper Augustus is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:32 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 22, 2026 | Jan 22, 2025 | Jan 25, 2024 | Jan 26, 2023 | Jan 27, 2022 |
| Revenue | $14.2B | $11.7B | $10.4B | $9.65B | $6.18B |
| Operating expenses | – | $11.2B | $10.0B | $9.58B | $5.49B |
| Operating income | $303.0M | $570.0M | $394.0M | $70.0M | $685.0M |
| Interest expense | – | – | $121.0M | $108.0M | $128.0M |
| Income tax | $46.0M | $150.0M | $88.0M | $21.0M | $151.0M |
| Net income | $100.0M | $395.0M | $235.0M | $58.0M | $478.0M |
| EPS, basic | $0.85 | $3.13 | $1.84 | $0.46 | $3.82 |
| EPS, diluted | $0.83 | $3.08 | $1.83 | $0.45 | $3.77 |
| Weighted shares, basic | 118.2M | 126.1M | 127.4M | 126.7M | 125.1M |
| Weighted shares, diluted | 119.9M | 128.4M | 128.7M | 127.9M | 126.8M |
| Margins and growth | |||||
| Operating margin | 2.1% | 4.9% | 3.8% | 0.7% | 11.1% |
| Net margin | 0.7% | 3.4% | 2.3% | 0.6% | 7.7% |
| Revenue growth, year over year | +21.3% | +12.6% | +8.1% | +56.2% | +73.2% |
| Net income growth, year over year | −74.7% | +68.1% | +305.2% | −87.9% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 22, 2026 | Jan 22, 2025 | Jan 25, 2024 | Jan 26, 2023 | Jan 27, 2022 |
| Cash and equivalents | $627.0M | $1.20B | $281.0M | $338.0M | $470.0M |
| Short-term investments | – | $1.27B | $1.51B | $2.08B | $2.65B |
| Accounts receivable | $565.0M | $558.0M | $383.0M | $296.0M | $546.0M |
| Inventory | $203.0M | $199.0M | $116.0M | $104.0M | $62.0M |
| Total current assets | $3.27B | $3.76B | $2.71B | $3.04B | $3.92B |
| Property, plant and equipment | $11.9B | $10.8B | $8.39B | $7.26B | $6.14B |
| Goodwill | $2.72B | $2.72B | $2.03B | $2.04B | $2.04B |
| Intangible assets | $815.0M | $873.0M | – | – | – |
| Total assets | $20.4B | $19.8B | $14.6B | $14.2B | $14.0B |
| Accounts payable | $324.0M | $186.0M | $207.0M | $221.0M | $200.0M |
| Short-term debt | $540.0M | $442.0M | $353.0M | $276.0M | $366.0M |
| Total current liabilities | $6.59B | $6.14B | $4.46B | $4.49B | $3.99B |
| Long-term debt | $4.77B | $4.49B | $2.18B | $1.88B | $2.17B |
| Shareholders' equity | $4.12B | $4.37B | $4.11B | $3.82B | $3.80B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 22, 2026 | Jan 22, 2025 | Jan 25, 2024 | Jan 26, 2023 | Jan 27, 2022 |
| Operating cash flow | $1.25B | $1.46B | $1.05B | $1.42B | $1.03B |
| Capital expenditures | – | – | $1.49B | $1.67B | $292.0M |
| Free cash flow | – | – | -$444.0M | -$253.0M | $738.0M |
| Depreciation and amortization | $795.0M | $583.0M | $451.0M | $415.0M | $394.0M |
| Stock-based compensation | $10.0M | $63.0M | $85.0M | $42.0M | $51.0M |
| Dividends paid | – | – | – | $0 | $0 |
| Share buybacks | $570.0M | $312.0M | $137.0M | $0 | $0 |
| Investing cash flow | -$1.62B | -$634.0M | -$964.0M | -$1.22B | -$1.01B |
| Financing cash flow | -$199.0M | $119.0M | -$147.0M | -$325.0M | -$914.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.1% | 0.5% | 0.8% | 0.4% | 0.8% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 31, 2026 | 112.8M | −2.8% | SEC |
| Jul 31, 2026 | 111.6M | −3.2% | SEC |
| Apr 30, 2026 | 111.4M | −8.2% | SEC |
| Jan 31, 2026 | 114.6M | −6.9% | SEC |
| Oct 31, 2025 | 116.0M | −8.6% | SEC |
| Jul 31, 2025 | 115.3M | −8.6% | SEC |
| Apr 30, 2025 | 121.4M | −4.3% | SEC |
| Jan 31, 2025 | 123.1M | −2.4% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.