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.
Revenue
$3.1B
Gross Profit
N/A
Operating Profit
$341.0M
Net Profit
$236.0M
Gross Margin
N/A
Operating Margin
11.1%
Net Margin
7.7%
YoY Growth
8.2%
EPS
$1.84
ALASKA AIR GROUP, INC. Q3 FY2024 Financial Summary
ALASKA AIR GROUP, INC. reported revenue of $3.1B (up 8.2% YoY) for Q3 FY2024, with a net profit of $236.0M (up 69.8% YoY) (7.7% margin).
Key Financial Metrics
| Total Revenue | $3.1B |
|---|---|
| Net Profit | $236.0M |
| Gross Margin | N/A |
| Operating Margin | 11.1% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
ALASKA AIR GROUP, INC. Q3 FY2024 revenue of $3.1B breaks down across 6 segments, led by Passenger at $2.3B (73.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Passenger | $2.3B | 73.6% |
| Regional | $491.0M | 16.0% |
| Other | $166.0M | 5.4% |
| Cargoand Other Revenue | $80.0M | 2.6% |
| Cargo And Freight | $71.0M | 2.3% |
| Consolidating And Other | $3.0M | 0.1% |
ALASKA AIR GROUP, INC. Revenue by Segment — Quarterly Trend
ALASKA AIR GROUP, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Passenger and Regional) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Other | — | — | $160.0M | $150.0M |
| Cargoand Other Revenue | — | — | $142.0M | $139.0M |
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).
| Year | Annual Revenue |
|---|---|
| 2025 | $14.2B |
| 2024 | $11.7B |
| 2023 | $10.4B |
| 2022 | $9.6B |
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 |