ALASKA AIR GROUP, INC.ALKEarnings & Financial Report
Alaska Air Group, Inc. is an American airline holding company based in SeaTac, Washington, United States. The group owns two mainline carriers, Alaska Airlines and Hawaiian Airlines, along with a regional airline, Horizon Air. Alaska Airlines in turn wholly owns an aircraft ground handling company, McGee Air Services.
ALK Q1 FY2026 Key Financial Metrics
Revenue
$3.3B
Gross Profit
N/A
Operating Profit
$-279.0M
Net Profit
$-193.0M
Gross Margin
N/A
Operating Margin
-8.5%
Net Margin
-5.8%
YoY Growth
5.2%
EPS
$-1.69
ALASKA AIR GROUP, INC. Q1 FY2026 Financial Summary
ALASKA AIR GROUP, INC. reported revenue of $3.3B (up 5.2% YoY) for Q1 FY2026, with a net profit of $-193.0M (-5.8% margin).
Key Financial Metrics
| Total Revenue | $3.3B |
|---|---|
| Net Profit | $-193.0M |
| Gross Margin | N/A |
| Operating Margin | -8.5% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
ALASKA AIR GROUP, INC. Q1 FY2026 revenue of $3.3B breaks down across 3 segments, led by Passenger revenue at $2.9B (88.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Passenger revenue | $2.9B | 88.5% |
| Loyalty program other revenue | $227.0M | 6.9% |
| Cargo and other revenue | $153.0M | 4.6% |
ALASKA AIR GROUP, INC. Annual Revenue by Year
ALASKA AIR GROUP, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $14.2B).
ALASKA AIR GROUP, INC. Quarterly Revenue & Net Profit History
ALASKA AIR GROUP, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $3.3B | +5.2% | $-193.0M | -5.8% |
| Q4 FY2025 | $3.6B | +2.8% | $21.0M | 0.6% |
| Q3 FY2025 | $3.8B | +22.6% | $73.0M | 1.9% |
| Q2 FY2025 | $3.7B | +27.9% | $172.0M | 4.6% |
| Q1 FY2025 | $3.1B | +40.5% | $-166.0M | -5.3% |
| Q4 FY2024 | $3.5B | +38.4% | $71.0M | 2.0% |
| Q3 FY2024 | $3.1B | +8.2% | $236.0M | 7.7% |
| Q2 FY2024 | $2.9B | +2.1% | $220.0M | 7.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.90B | $3.07B | $3.53B | $3.14B | $3.70B | $3.77B | $3.63B | $3.30B |
| YoY Growth | 2.1% | 8.2% | 38.4% | 40.5% | 27.9% | 22.6% | 2.8% | 5.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $15.34B | $19.56B | $19.77B | $19.82B | $19.89B | $20.01B | $20.36B | $20.30B |
| Liabilities | $11.12B | $15.08B | $15.40B | $15.68B | $15.94B | $15.98B | $16.24B | $16.57B |
| Equity | $4.23B | $4.48B | $4.37B | $4.14B | $3.94B | $4.03B | $4.12B | $3.73B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $580.0M | $318.0M | $274.0M | $459.0M | $376.0M | $229.0M | $185.0M | $229.0M |