# Alaska Air Group, Inc.: overview

ALK · NYSE · CIK 766421 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/alk.md) · [Financials](/companies/alk/financials.md) · [Filings](/companies/alk/filings.md) · [Insiders](/companies/alk/insiders.md)

Latest reported revenue: [$4.07bn](/filings/0000766421-26-000041.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 4, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000766421-26-000041).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,072](/filings/0000766421-25-000060.md) | [3,534 d](/filings/0000766421-26-000010.md) | [3,137](/filings/0000766421-26-000021.md) | [3,704](/filings/0000766421-26-000041.md) | [3,766](/filings/0000766421-25-000060.md) | [3,632 d](/filings/0000766421-26-000010.md) | [3,300](/filings/0000766421-26-000021.md) | [4,065](/filings/0000766421-26-000041.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [11.1%](/filings/0000766421-25-000060.md) | [2.1% d](/filings/0000766421-26-000010.md) | [(6.3%)](/filings/0000766421-26-000021.md) | [7.5%](/filings/0000766421-26-000041.md) | [3.9%](/filings/0000766421-25-000060.md) | [2.1% d](/filings/0000766421-26-000010.md) | [(8.5%)](/filings/0000766421-26-000021.md) | [(4.1%)](/filings/0000766421-26-000041.md) |
| Net margin | % | [7.7%](/filings/0000766421-25-000060.md) | [2.0% d](/filings/0000766421-26-000010.md) | [(5.3%)](/filings/0000766421-26-000041.md) | [4.6%](/filings/0000766421-26-000041.md) | [1.9%](/filings/0000766421-25-000060.md) | [0.6% d](/filings/0000766421-26-000010.md) | [(5.8%)](/filings/0000766421-26-000041.md) | [(1.9%)](/filings/0000766421-26-000041.md) |
| Diluted EPS | $ per share | [1.84](/filings/0000766421-25-000060.md) | not reported | [(1.35)](/filings/0000766421-26-000021.md) | [1.42](/filings/0000766421-26-000041.md) | [0.62](/filings/0000766421-25-000060.md) | not reported | [(1.69)](/filings/0000766421-26-000021.md) | [(0.68)](/filings/0000766421-26-000041.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [6.2](/filings/0000766421-24-000012.md) | [9.6](/filings/0000766421-25-000009.md) | [10.4](/filings/0000766421-26-000010.md) | [11.7](/filings/0000766421-26-000010.md) | [14.2](/filings/0000766421-26-000010.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [11.1%](/filings/0000766421-24-000012.md) | [0.7%](/filings/0000766421-25-000009.md) | [3.8%](/filings/0000766421-26-000010.md) | [4.9%](/filings/0000766421-26-000010.md) | [2.1%](/filings/0000766421-26-000010.md) |
| Net margin | % | [7.7%](/filings/0000766421-24-000012.md) | [0.6%](/filings/0000766421-25-000009.md) | [2.3%](/filings/0000766421-26-000010.md) | [3.4%](/filings/0000766421-26-000010.md) | [0.7%](/filings/0000766421-26-000010.md) |
| Diluted EPS | $ per share | [3.77](/filings/0000766421-24-000012.md) | [0.45](/filings/0000766421-25-000009.md) | [1.83](/filings/0000766421-26-000010.md) | [3.08](/filings/0000766421-26-000010.md) | [0.83](/filings/0000766421-26-000010.md) |
| Free cash flow | $bn | [0.7](/filings/0000766421-24-000012.md) | [(0.3)](/filings/0000766421-25-000009.md) | [(0.4)](/filings/0000766421-26-000010.md) | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/alk/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $606.3m | 11,615,069 |  | Reduced −134,461 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $338.7m | 6,488,763 |  | Added +140,600 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $278.1m | 5,327,194 |  | Added +388,448 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $259.6m | 4,973,407 |  | Reduced −77,181 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $258.9m | 4,959,798 |  | Reduced −198,906 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $186.0m | 3,563,929 |  | Added +79,995 |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $181.1m | 3,468,417 |  | Reduced −61,582 |
| [FRONTIER CAPITAL MANAGEMENT CO LLC](/funds/351173.md) | 2026-06-30 | $176.7m | 3,384,643 |  | Added +11,056 |
| [PRIMECAP MANAGEMENT CO/CA/](/funds/763212.md) | 2026-06-30 | $168.5m | 3,227,329 |  | Reduced −23,000 |
| [CAUSEWAY CAPITAL MANAGEMENT LLC](/funds/1165797.md) | 2026-06-30 | $166.2m | 3,183,163 |  | Added +680,952 |

## Recent filings

[All 1,879 filings](/companies/alk/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-20 | 21:09 ET | [8-K](/filings/0000766421-26-000046.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000766421-26-000046 |
| 2026-09-29 | 12:10 ET | [8-K](/filings/0000766421-26-000043.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000766421-26-000043 |
| 2026-08-04 | 20:05 ET | [10-Q](/filings/0000766421-26-000041.md) | Quarterly report, period 2026-06-30 | 0000766421-26-000041 |
| 2026-07-21 | 20:30 ET | [8-K](/filings/0000766421-26-000036.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000766421-26-000036 |
| 2026-06-17 | 16:46 ET | [8-K](/filings/0000766421-26-000032.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000766421-26-000032 |
| 2026-06-03 | 16:00 ET | [8-K](/filings/0000766421-26-000029.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000766421-26-000029 |
| 2026-05-14 | 20:04 ET | [8-K](/filings/0000766421-26-000027.md) | 5.07 Shareholder vote results | 0000766421-26-000027 |
| 2026-05-12 | 20:01 ET | [8-K](/filings/0000766421-26-000025.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation | 0000766421-26-000025 |
| 2026-05-07 | 19:34 ET | [8-K](/filings/0000766421-26-000023.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0000766421-26-000023 |
| 2026-05-07 | 23:01 ET | [10-Q](/filings/0000766421-26-000021.md) | Quarterly report, period 2026-03-31 | 0000766421-26-000021 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000766421-26-000010.md), filed Feb 12, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 766421
- Tickers: ALK
- Exchange: NYSE
- SIC code: 4512 Air Transportation, Scheduled
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:24 ET. No prices; not investment advice.