Alaska Air (ALK) Cash from Operations (2009 - 2026)
Alaska Air (ALK) reported Cash from Operations of $185 million for Q2 2026, down 50.8% from $376 million a year earlier and down 56.1% from the prior quarter.
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Analysis
Alaska Air (ALK) Cash from Operations (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Alaska Air's Cash from Operations came in at $1.02 billion, down 28.5% year-over-year; for FY2025, it came in at $1.25 billion, down 14.7% from FY2024.
- By year, Cash from Operations came in at $1.46 billion in FY2024 (+39.4%), $1.05 billion in FY2023 (-26.0%), $1.42 billion in FY2022 (+37.7%) and $1.03 billion in FY2021.
- Five-year quarterly Cash from Operations spans a low of -$106 million in Q3 2021 and a high of $948 million in Q2 2022.
- Year over year, Cash from Operations has now declined in each of the last five quarters, with an average decline of 11.5% over the last seven quarters.
- The high point for year-over-year Cash from Operations in five years was Q1 2022 (growth of 71.9%); the low point was Q4 2022 (a decline of 93.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $421 million (Q1 2026), $185 million (Q4 2025) and $229 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.50 Bn | 165.03 Bn | - | 3.08 Bn |
| 2 | Csx | 88.86 Bn | 85.07 Bn | - | 1.33 Bn |
| 3 | United Parcel Service | 82.91 Bn | 59.81 Bn | - | 859.00 Mn |
| 4 | Canadian Pacific Kansas City | 76.79 Bn | 75.81 Bn | - | 1.25 Bn |
| 5 | Norfolk Southern | 72.78 Bn | 67.42 Bn | - | 1.05 Bn |
| 6 | Fedex | 69.54 Bn | 35.48 Bn | - | 3.27 Bn |
| 7 | Delta Air Lines | 48.82 Bn | 31.01 Bn | - | 1.71 Bn |
| 8 | Old Dominion Freight Line | 38.83 Bn | 38.10 Bn | - | 272.70 Mn |
| 9 | United Airlines Holdings | 31.02 Bn | -25.36 Bn | - | 1.61 Bn |
| 10 | Alaska Air | 3.78 Bn | -4.04 Bn | - | 185.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 185.00 Mn |
| Mar 31, 2026 | 421.00 Mn |
| Dec 31, 2025 | 185.00 Mn |
| Sep 30, 2025 | 229.00 Mn |
| Jun 30, 2025 | 376.00 Mn |
| Mar 31, 2025 | 459.00 Mn |
| Dec 31, 2024 | 274.00 Mn |
| Sep 30, 2024 | 318.00 Mn |
| Jun 30, 2024 | 580.00 Mn |
| Mar 31, 2024 | 292.00 Mn |
| Dec 31, 2023 | -53.00 Mn |
| Sep 30, 2023 | 271.00 Mn |
| Jun 30, 2023 | 610.00 Mn |
| Mar 31, 2023 | 222.00 Mn |
| Dec 31, 2022 | 9.00 Mn |
| Sep 30, 2022 | 174.00 Mn |
| Jun 30, 2022 | 948.00 Mn |
| Mar 31, 2022 | 287.00 Mn |
| Dec 31, 2021 | 129.00 Mn |
| Sep 30, 2021 | -106.00 Mn |
API Access
Alaska Air Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=ALK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "ALK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=ALK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();