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阿拉斯加航空集团（ALK）与Frontier Group Holdings, Inc.（ULCC）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Frontier Group Holdings, Inc.的3.3倍（$3.3B vs $997.0M）。Frontier Group Holdings, Inc.净利率更高（5.3% vs -5.8%，领先11.2%）。阿拉斯加航空集团同比增速更快（5.2% vs -0.5%）。过去两年Frontier Group Holdings, Inc.的营收复合增速更高（7.4% vs 6.7%）
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。
前沿通信母公司（Frontier Communications Parent, Inc.）是一家美国电信企业，拥有自营光纤网络，提供云服务，目前隶属于威瑞森。公司此前曾先后以公民公用事业公司、公民通信公司、前沿通信公司为名开展运营。
ALK vs ULCC — 直观对比
营收规模更大
ALK
是对方的3.3倍
$997.0M
营收增速更快
ALK
高出5.7%
-0.5%
净利率更高
ULCC
高出11.2%
-5.8%
两年增速更快
ULCC
近两年复合增速
6.7%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $997.0M |
| 净利润 | $-193.0M | $53.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 4.9% |
| 净利率 | -5.8% | 5.3% |
| 营收同比 | 5.2% | -0.5% |
| 净利润同比 | -16.3% | -1.9% |
| 每股收益（稀释后） | $-1.69 | $0.24 |
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ALKULCC
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.6B | $997.0M | ||
| Q3 25 | $3.8B | $886.0M | ||
| Q2 25 | $3.7B | $929.0M | ||
| Q1 25 | $3.1B | $912.0M | ||
| Q4 24 | $3.5B | $1.0B | ||
| Q3 24 | $3.1B | $935.0M | ||
| Q2 24 | $2.9B | $973.0M |
净利润ALKULCC
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $53.0M | ||
| Q3 25 | $73.0M | $-77.0M | ||
| Q2 25 | $172.0M | $-70.0M | ||
| Q1 25 | $-166.0M | $-43.0M | ||
| Q4 24 | $71.0M | $54.0M | ||
| Q3 24 | $236.0M | $26.0M | ||
| Q2 24 | $220.0M | $31.0M |
营业利润率ALKULCC
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 4.9% | ||
| Q3 25 | 3.9% | -8.7% | ||
| Q2 25 | 7.5% | -8.1% | ||
| Q1 25 | -6.3% | -5.0% | ||
| Q4 24 | 2.1% | 4.5% | ||
| Q3 24 | 11.1% | 2.0% | ||
| Q2 24 | 11.1% | 2.6% |
净利率ALKULCC
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 5.3% | ||
| Q3 25 | 1.9% | -8.7% | ||
| Q2 25 | 4.6% | -7.5% | ||
| Q1 25 | -5.3% | -4.7% | ||
| Q4 24 | 2.0% | 5.4% | ||
| Q3 24 | 7.7% | 2.8% | ||
| Q2 24 | 7.6% | 3.2% |
每股收益（稀释后）ALKULCC
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $0.24 | ||
| Q3 25 | $0.62 | $-0.34 | ||
| Q2 25 | $1.42 | $-0.31 | ||
| Q1 25 | $-1.35 | $-0.19 | ||
| Q4 24 | $0.58 | $0.24 | ||
| Q3 24 | $1.84 | $0.11 | ||
| Q2 24 | $1.71 | $0.14 |
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 | $671.0M |
| 总债务越低越好 | $5.3B | $620.0M |
| 股东权益账面价值 | $3.7B | $491.0M |
| 总资产 | $20.3B | $7.2B |
| 负债/权益比越低杠杆越低 | 1.43× | 1.26× |
8季度趋势，按日历期对齐
现金及短期投资ALKULCC
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $671.0M | ||
| Q3 25 | $2.3B | $566.0M | ||
| Q2 25 | $2.1B | $563.0M | ||
| Q1 25 | $2.5B | $686.0M | ||
| Q4 24 | $2.5B | $740.0M | ||
| Q3 24 | $2.5B | $576.0M | ||
| Q2 24 | $2.5B | $658.0M |
总债务ALKULCC
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $620.0M | ||
| Q3 25 | $5.0B | $673.0M | ||
| Q2 25 | $4.9B | $565.0M | ||
| Q1 25 | $4.8B | $512.0M | ||
| Q4 24 | $4.5B | $507.0M | ||
| Q3 24 | $4.6B | $474.0M | ||
| Q2 24 | $2.7B | $455.0M |
股东权益ALKULCC
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $491.0M | ||
| Q3 25 | $4.0B | $434.0M | ||
| Q2 25 | $3.9B | $506.0M | ||
| Q1 25 | $4.1B | $570.0M | ||
| Q4 24 | $4.4B | $604.0M | ||
| Q3 24 | $4.5B | $549.0M | ||
| Q2 24 | $4.2B | $520.0M |
总资产ALKULCC
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $7.2B | ||
| Q3 25 | $20.0B | $6.7B | ||
| Q2 25 | $19.9B | $6.5B | ||
| Q1 25 | $19.8B | $6.5B | ||
| Q4 24 | $19.8B | $6.2B | ||
| Q3 24 | $19.6B | $5.8B | ||
| Q2 24 | $15.3B | $5.7B |
负债/权益比ALKULCC
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 1.26× | ||
| Q3 25 | 1.24× | 1.55× | ||
| Q2 25 | 1.26× | 1.12× | ||
| Q1 25 | 1.16× | 0.90× | ||
| Q4 24 | 1.04× | 0.84× | ||
| Q3 24 | 1.03× | 0.86× | ||
| Q2 24 | 0.63× | 0.88× |
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 | $-91.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-113.0M |
| 自由现金流率自由现金流/营收 | — | -11.3% |
| 资本支出强度资本支出/营收 | 10.2% | 2.2% |
| 现金转化率经营现金流/净利润 | — | -1.72× |
| 过去12个月自由现金流最近4个季度 | — | $-600.0M |
8季度趋势，按日历期对齐
经营现金流ALKULCC
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $-91.0M | ||
| Q3 25 | $229.0M | $-215.0M | ||
| Q2 25 | $376.0M | $-133.0M | ||
| Q1 25 | $459.0M | $-86.0M | ||
| Q4 24 | $274.0M | $87.0M | ||
| Q3 24 | $318.0M | $-156.0M | ||
| Q2 24 | $580.0M | $9.0M |
自由现金流ALKULCC
| Q1 26 | — | — | ||
| Q4 25 | — | $-113.0M | ||
| Q3 25 | — | $-217.0M | ||
| Q2 25 | — | $-166.0M | ||
| Q1 25 | — | $-104.0M | ||
| Q4 24 | — | $73.0M | ||
| Q3 24 | — | $-170.0M | ||
| Q2 24 | — | $-22.0M |
自由现金流率ALKULCC
| Q1 26 | — | — | ||
| Q4 25 | — | -11.3% | ||
| Q3 25 | — | -24.5% | ||
| Q2 25 | — | -17.9% | ||
| Q1 25 | — | -11.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | -18.2% | ||
| Q2 24 | — | -2.3% |
资本支出强度ALKULCC
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 3.2% |
现金转化率ALKULCC
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | -1.72× | ||
| Q3 25 | 3.14× | — | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.86× | 1.61× | ||
| Q3 24 | 1.35× | -6.00× | ||
| Q2 24 | 2.64× | 0.29× |
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% |
ULCC
| Aircraft Fare | $453.0M | 45% |
| Passenger Service Fees | $227.0M | 23% |
| Passenger Baggage | $177.0M | 18% |
| Passenger Seat Selection | $69.0M | 7% |
| Other Passenger Revenue | $36.0M | 4% |
| Other | $35.0M | 4% |
