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阿拉斯加航空集团（ALK）与捷蓝航空（JBLU）财务数据对比。点击上方公司名可切换其他公司
阿拉斯加航空集团的季度营收约是捷蓝航空的1.5倍（$3.3B vs $2.2B）。阿拉斯加航空集团净利率更高（-5.8% vs -7.9%，领先2.0%）。阿拉斯加航空集团同比增速更快（5.2% vs -1.4%）。过去两年阿拉斯加航空集团的营收复合增速更高（6.7% vs 0.8%）
阿拉斯加航空集团是总部位于美国华盛顿州西塔科的航空控股企业，旗下拥有阿拉斯加航空、夏威夷航空两家干线航司，以及区域航司地平线航空，阿拉斯加航空还全资控股飞机地面服务提供商麦吉航空服务。
捷蓝航空是美国低成本航空公司，总部设于纽约市皇后区长岛市。运营以点对点航线为主，拥有包括纽约肯尼迪国际机场主枢纽在内的六大重点城市航点网络，航线覆盖美洲及欧洲多地。虽未加入任何全球航空联盟，但与寰宇一家、天合联盟、星空联盟的多家航司均有代码共享合作。
ALK vs JBLU — 直观对比
营收规模更大
ALK
是对方的1.5倍
$2.2B
营收增速更快
ALK
高出6.6%
-1.4%
净利率更高
ALK
高出2.0%
-7.9%
两年增速更快
ALK
近两年复合增速
0.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.2B |
| 净利润 | $-193.0M | $-177.0M |
| 毛利率 | — | — |
| 营业利润率 | — | -4.5% |
| 净利率 | -5.8% | -7.9% |
| 营收同比 | 5.2% | -1.4% |
| 净利润同比 | -16.3% | -302.3% |
| 每股收益（稀释后） | $-1.69 | $-0.47 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ALKJBLU
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.6B | $2.2B | ||
| Q3 25 | $3.8B | $2.3B | ||
| Q2 25 | $3.7B | $2.4B | ||
| Q1 25 | $3.1B | $2.1B | ||
| Q4 24 | $3.5B | $2.3B | ||
| Q3 24 | $3.1B | $2.4B | ||
| Q2 24 | $2.9B | $2.4B |
净利润ALKJBLU
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $-177.0M | ||
| Q3 25 | $73.0M | $-143.0M | ||
| Q2 25 | $172.0M | $-74.0M | ||
| Q1 25 | $-166.0M | $-208.0M | ||
| Q4 24 | $71.0M | $-44.0M | ||
| Q3 24 | $236.0M | $-60.0M | ||
| Q2 24 | $220.0M | $25.0M |
营业利润率ALKJBLU
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | -4.5% | ||
| Q3 25 | 3.9% | -4.3% | ||
| Q2 25 | 7.5% | 0.3% | ||
| Q1 25 | -6.3% | -8.1% | ||
| Q4 24 | 2.1% | 0.7% | ||
| Q3 24 | 11.1% | -1.6% | ||
| Q2 24 | 11.1% | 2.3% |
净利率ALKJBLU
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | -7.9% | ||
| Q3 25 | 1.9% | -6.2% | ||
| Q2 25 | 4.6% | -3.1% | ||
| Q1 25 | -5.3% | -9.7% | ||
| Q4 24 | 2.0% | -1.9% | ||
| Q3 24 | 7.7% | -2.5% | ||
| Q2 24 | 7.6% | 1.0% |
每股收益（稀释后）ALKJBLU
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $-0.47 | ||
| Q3 25 | $0.62 | $-0.39 | ||
| Q2 25 | $1.42 | $-0.21 | ||
| Q1 25 | $-1.35 | $-0.59 | ||
| Q4 24 | $0.58 | $-0.09 | ||
| Q3 24 | $1.84 | $-0.17 | ||
| Q2 24 | $1.71 | $0.07 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $451.0M | $2.2B |
| 总债务越低越好 | $5.3B | $7.7B |
| 股东权益账面价值 | $3.7B | $2.1B |
| 总资产 | $20.3B | $16.6B |
| 负债/权益比越低杠杆越低 | 1.43× | 3.65× |
8季度趋势，按日历期对齐
现金及短期投资ALKJBLU
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $2.2B | ||
| Q3 25 | $2.3B | $2.6B | ||
| Q2 25 | $2.1B | $3.1B | ||
| Q1 25 | $2.5B | $3.5B | ||
| Q4 24 | $2.5B | $3.6B | ||
| Q3 24 | $2.5B | $4.0B | ||
| Q2 24 | $2.5B | $1.5B |
总债务ALKJBLU
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $7.7B | ||
| Q3 25 | $5.0B | $7.8B | ||
| Q2 25 | $4.9B | $7.7B | ||
| Q1 25 | $4.8B | $8.1B | ||
| Q4 24 | $4.5B | $8.1B | ||
| Q3 24 | $4.6B | $7.9B | ||
| Q2 24 | $2.7B | $5.0B |
股东权益ALKJBLU
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $2.1B | ||
| Q3 25 | $4.0B | $2.3B | ||
| Q2 25 | $3.9B | $2.4B | ||
| Q1 25 | $4.1B | $2.4B | ||
| Q4 24 | $4.4B | $2.6B | ||
| Q3 24 | $4.5B | $2.6B | ||
| Q2 24 | $4.2B | $2.7B |
总资产ALKJBLU
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $16.6B | ||
| Q3 25 | $20.0B | $16.6B | ||
| Q2 25 | $19.9B | $16.9B | ||
| Q1 25 | $19.8B | $17.1B | ||
| Q4 24 | $19.8B | $16.8B | ||
| Q3 24 | $19.6B | $16.6B | ||
| Q2 24 | $15.3B | $14.0B |
负债/权益比ALKJBLU
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 3.65× | ||
| Q3 25 | 1.24× | 3.42× | ||
| Q2 25 | 1.26× | 3.21× | ||
| Q1 25 | 1.16× | 3.31× | ||
| Q4 24 | 1.04× | 3.08× | ||
| Q3 24 | 1.03× | 2.98× | ||
| Q2 24 | 0.63× | 1.86× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $229.0M | $49.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-287.0M |
| 自由现金流率自由现金流/营收 | — | -12.8% |
| 资本支出强度资本支出/营收 | 10.2% | 15.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-1.2B |
8季度趋势，按日历期对齐
经营现金流ALKJBLU
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $49.0M | ||
| Q3 25 | $229.0M | $-142.0M | ||
| Q2 25 | $376.0M | $-115.0M | ||
| Q1 25 | $459.0M | $114.0M | ||
| Q4 24 | $274.0M | $-17.0M | ||
| Q3 24 | $318.0M | $-29.0M | ||
| Q2 24 | $580.0M | $-14.0M |
自由现金流ALKJBLU
| Q1 26 | — | — | ||
| Q4 25 | — | $-287.0M | ||
| Q3 25 | — | $-411.0M | ||
| Q2 25 | — | $-412.0M | ||
| Q1 25 | — | $-62.0M | ||
| Q4 24 | — | $-368.0M | ||
| Q3 24 | — | $-302.0M | ||
| Q2 24 | — | $-441.0M |
自由现金流率ALKJBLU
| Q1 26 | — | — | ||
| Q4 25 | — | -12.8% | ||
| Q3 25 | — | -17.7% | ||
| Q2 25 | — | -17.5% | ||
| Q1 25 | — | -2.9% | ||
| Q4 24 | — | -16.2% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | — | -18.2% |
资本支出强度ALKJBLU
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 11.6% | ||
| Q2 25 | — | 12.6% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 15.4% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | 17.6% |
现金转化率ALKJBLU
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | — | ||
| Q3 25 | 3.14× | — | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.86× | — | ||
| Q3 24 | 1.35× | — | ||
| Q2 24 | 2.64× | -0.56× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ALK
| Passenger revenue | $2.9B | 88% |
| Loyalty program other revenue | $227.0M | 7% |
| Cargo and other revenue | $153.0M | 5% |
JBLU
| Passenger | $2.1B | 91% |
| Other | $191.0M | 9% |
