Alaska Air Group, Inc. (ALK) Financial Statements
Industry: Air Transportation, Scheduled
In fiscal 2025, Alaska Air reported revenue of $14.24B, up 21.3% from $11.73B the year before. Net income was $100.0M (a 0.7% net margin), or $0.83 per diluted share. Gross margin was 2.1% and operating margin was 2.1%. Operating activities generated $1.25B of cash. At fiscal year end, Alaska Air held $20.36B in total assets against $16.24B in total liabilities, including $627.0M of cash and equivalents.
Open the full interactive Alaska Air financials → Quarterly statements, key ratios, valuation history and price charts.
Alaska Air Key Stats
| Share Price | $37.81 |
|---|---|
| Market Cap | $4.20B |
| P/E Ratio | 45.6 |
| Revenue YoY Growth | +21.3% |
| 52-Week Range | $34.19 – $60.21 |
| Shares Outstanding | 111.1 million (basic, 2026 Q2) |
Alaska Air Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $3.57B | $6.18B | $9.65B | $10.43B | $11.73B | $14.24B |
| Cost of Goods Sold | $43.0M | $90.0M | $311.0M | $334.0M | $387.0M | $13.94B |
| Gross Profit | $3.52B | $6.09B | $9.34B | $10.09B | $11.35B | $303.0M |
| Operating Income | -$1.77B | $685.0M | $70.0M | $394.0M | $570.0M | $303.0M |
| Pre-Tax Income | -$1.84B | $629.0M | $79.0M | $323.0M | $545.0M | $146.0M |
| Income Tax | -$516.0M | $151.0M | $21.0M | $88.0M | $150.0M | $46.0M |
| Net Income | -$1.32B | $478.0M | $58.0M | $235.0M | $395.0M | $100.0M |
| Diluted EPS | -$10.72 | $3.77 | $0.45 | $1.83 | $3.08 | $0.83 |
Alaska Air Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $3.77B | $3.63B | $3.30B | $4.07B |
| Net Income | $73.0M | $21.0M | -$193.0M | -$76.0M |
| Diluted EPS | $0.62 | $0.18 | -$1.69 | -$0.68 |
Alaska Air Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.37B | $470.0M | $338.0M | $281.0M | $1.20B | $627.0M |
| Current Assets | $4.01B | $3.92B | $3.04B | $2.71B | $3.76B | $3.27B |
| Total Assets | $14.05B | $13.95B | $14.19B | $14.61B | $19.77B | $20.36B |
| Current Liabilities | $4.29B | $3.99B | $4.49B | $4.46B | $6.14B | $6.59B |
| Total Long-Term Debt | $3.50B | $2.54B | $2.16B | $2.47B | $4.93B | $5.49B |
| Total Liabilities | $11.06B | $10.15B | $10.37B | $10.50B | $15.40B | $16.24B |
| Shareholders' Equity | $2.99B | $3.80B | $3.82B | $4.11B | $4.37B | $4.12B |
Alaska Air Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$234.0M | $1.03B | $1.42B | $1.05B | $1.46B | $1.25B |
| Cash From Investing | -$593.0M | -$1.01B | -$1.22B | -$964.0M | -$634.0M | -$1.62B |
| Cash From Financing | $1.98B | -$914.0M | -$325.0M | -$147.0M | $119.0M | -$199.0M |
| Free Cash Flow | -$440.0M | $738.0M | -$253.0M | -$444.0M | — | — |
| Dividends Paid | $45.0M | $0 | $0 | — | — | — |
Figures from Alaska Air's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Alaska Air financials page for every line item.
Alaska Air Company Profile
| Ticker | ALK |
|---|---|
| Exchange | NYSE |
| Industry | Air Transportation, Scheduled |
| Headquarters | Seattle, Washington |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000766421 |
Frequently Asked Questions
What was Alaska Air's revenue in fiscal 2025?
Alaska Air (ALK) reported revenue of $14.24B for fiscal 2025.
What is Alaska Air's annual revenue history?
Alaska Air's annual revenue by fiscal year: 2020: $3.57B; 2021: $6.18B; 2022: $9.65B; 2023: $10.43B; 2024: $11.73B; 2025: $14.24B.
What was Alaska Air's net income in fiscal 2025?
Alaska Air reported net income of $100.0M for fiscal 2025.
What was Alaska Air's earnings per share (EPS) in fiscal 2025?
Alaska Air's diluted EPS was $0.83 for fiscal 2025 (adjusted for any later stock splits).
What was Alaska Air's revenue last quarter?
In its most recent reported quarter (2026 Q2), Alaska Air reported revenue of $4.07B.
How much debt does Alaska Air have?
Alaska Air reported $5.49B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Alaska Air are outstanding?
Alaska Air reported a weighted average of 111.1 million basic shares outstanding in 2026 Q2.
What is Alaska Air's market cap?
Based on its latest closing price, Alaska Air (ALK) has a market capitalization of about $4.20B.
When does Alaska Air's fiscal year end?
Alaska Air's fiscal year end, as registered with the SEC, is December 31.
Where is Alaska Air headquartered?
Alaska Air lists its business address in Seattle, Washington in its SEC filings.