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Alaska Air Group, Inc.

Alaska Air Group, Inc.

NYSE•ALK
CEO: Mr. Benito Minicucci
Sector: Industrials
Industry: Airlines, Airports & Air Services
Listing Date: 1980-03-17
Alaska Air Group, Inc., through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.
Contact Information
19300 International Boulevard, Seattle, WA, 98188, United States
206-392-5040
www.alaskaair.com
Market Cap
$6.41B
P/E (TTM)
63.9
23.8
Dividend Yield
--
52W High
$78.08
52W Low
$37.63
52W Range
44%
Rank39Top 39.1%
4.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$3.63B+2.77%
4-Quarter Trend

EPS

$0.18-67.86%
4-Quarter Trend

FCF

-$440.00M+183.87%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Growth Total operating revenue reached $14.24B, increasing 3% pro forma versus prior year, driven by passenger revenue.
Passenger Traffic Increased Revenue passengers totaled 58.6M, marking a 2.6% increase on a pro forma basis compared to 2024.
Fuel Expense Decreased Aircraft fuel expense decreased 5% pro forma to $2.88B, primarily due to lower per gallon costs on crude oil.
Loyalty Revenue Rises Loyalty program other revenue grew 5% pro forma to $855M, driven by new co-branded credit card launches.

Risk Factors

High Unionized Labor Costs 81% of employees are unionized; labor costs represent 46% of total non-fuel operating expenses in 2025.
Operational Disruption Impact IT outages in 2025 temporarily halted operations, negatively impacting pretax earnings by approximately $50 million.
Hawaiian Integration Challenges Successfully integrating Hawaiian business practices and systems poses ongoing management attention and resource demands.
Fuel Price Volatility Exposure Business remains substantially exposed to volatility in jet fuel prices, which constitute a significant portion of operating expenses.

Outlook

Synergy Realization On Track Expecting continued value realization from Alaska Accelerate initiatives and Hawaiian integration synergies moving into 2026.
Projected Capacity Expansion Capacity growth projected for 2026 is targeted between 2% and 3% compared to the prior year results.
Fleet Efficiency Investment Investing in new B737/B787 aircraft, which are 15% to 25% more fuel efficient on a seat-by-seat basis.
Focus on Cost Discipline Remaining focused on disciplined cost management and strong productivity amid inherent macroeconomic uncertainty.

Peer Comparison

Revenue (TTM)

Alaska Air Group, Inc.ALK
$14.24B
+21.3%
Avis Budget Group, Inc.CAR
$11.70B
-1.2%
KBR, Inc.KBR
$8.06B
+9.8%

Gross Margin (Latest Quarter)

Alaska Air Group, Inc.ALK
94.3%
+72.5pp
Kanzhun LimitedBZ
85.8%
+2.2pp
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.OMAB
75.7%
+3.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TKR$7.51B26.09.4%31.8%
POWL$7.10B37.830.6%0.1%
GATX$6.85B22.012.1%67.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.0%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Apr 21, 2026
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EPS:-
|
Revenue:-
Reports
Financials
All Years

  • Form 10-K - FY 2025

    Period End: Dec 31, 2025|Filed: Feb 12, 2026|
    Revenue: $14.24B+21.3%
    |
    EPS: $0.85-72.8%
    Beat

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $3.77B+22.6%
    |
    EPS: $0.63-66.3%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $3.70B+27.9%
    |
    EPS: $1.45-16.7%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $3.14B+40.5%
    |
    EPS: $-1.35+28.6%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 14, 2025|
    Revenue: $11.74B+12.6%
    |
    EPS: $3.13+70.1%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $3.07B+8.2%
    |
    EPS: $1.87+71.6%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|
    Revenue: $2.90B+2.1%
    |
    EPS: $1.74-7.4%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $2.23B+1.6%
    |
    EPS: $-1.05-5.4%
    Beat