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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
$4.83B
P/E (TTM)
33.6
16.2
Dividend Yield
--
52W High
$78.08
52W Low
$39.79
52W Range
5%
4.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$3.77B+22.59%
4-Quarter Trend

EPS

$0.63-66.31%
4-Quarter Trend

FCF

$7.00M-86.79%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Growth 9M Total operating revenue reached $10.61B, increasing 4% on a pro forma basis for nine months.
Passenger Traffic Up Q3 revenue passengers totaled 15.88M, marking a 1.0% increase compared to pro forma prior year.
Liquidity Position Stable Cash and marketable securities stand at $2.30B; liquidity ratio returned to 22% target.
Integration Milestone Achieved Single operating certificate secured October 29, 2025, easing transition to single passenger system.

Risk Factors

Q3 Profitability Decline GAAP Net Income sharply fell to $73M for Q3 2025 from $236M in the prior period.
Non-Fuel Cost Pressure Pro forma non-fuel operating expenses increased $221M, or 9%, driven by higher wages and utilization.
IT Outage Impact July IT outage negatively impacted Q3 results by approximately $20M; subsequent outages unquantified.
Equity Balance Decreased Total Shareholders' Equity declined 8% to $4.03B as of September 30, 2025, from year-end 2024.

Outlook

Q4 Revenue Guidance Set Anticipate fourth quarter unit revenue to increase low single digits year-over-year based on solid performance.
Capacity Growth Expected Fourth quarter capacity growth projected between 2% and 3% year-over-year, reflecting cost synergies.
Labor Negotiations Progressing Working towards Joint Collective Bargaining Agreements (JCBA) for workgroups represented by common unions.
System Transition Planned Single passenger service system transition is planned for Spring 2026 following certificate achievement.

Peer Comparison

Revenue (TTM)

Alaska Air Group, Inc.ALK
$14.14B
+31.5%
Avis Budget Group, Inc.CAR
$11.70B
-1.2%
KBR, Inc.KBR
$8.06B
+9.7%

Gross Margin (Latest Quarter)

Alaska Air Group, Inc.ALK
96.0%
+67.4 pp
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.OMAB
65.8%
-3.4 pp
SkyWest, Inc.SKYW
62.7%
+29.1 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FBIN$5.77B17.913.9%43.5%
GATX$5.61B18.012.1%0.0%
FCN$5.57B19.513.2%21.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+2.1%
Moderate Growth
4Q Net Income CAGR
+0.9%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years

  • 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

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 14, 2024|
    Revenue: $10.43B+8.1%
    |
    EPS: $1.84+300.0%
    Beat