Alaska Air (ALK) Cash from Operations (2009 - 2026)
Alaska Air's (ALK) quarterly Cash from Operations came in at $185.0 million in Q2 2026, down 50.8% year-over-year from $376.0 million in Q2 2025, and down 56.06% quarter-over-quarter from $421.0 million in Q1 2026.
Powered by 
Analysis
Alaska Air (ALK) Cash from Operations (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has reported Cash from Operations for 18 consecutive years, with $185.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cash from Operations fell 50.8% year-over-year to $185.0 million in Q2 2026; TTM through Jun 2026 was $1.0 billion, a 28.52% decrease from a year earlier, with the FY2025 full-year figure at $1.2 billion, down 14.69% from the prior year.
- Cash from Operations was $185.0 million for Q2 2026 at Alaska Air, down from $421.0 million in the prior quarter.
- Over five years, Cash from Operations peaked at $948.0 million in Q2 2022 and troughed at -$53.0 million in Q4 2023.
- A 5-year average of $321.5 million and a median of $280.5 million in 2022 frame the typical range for Cash from Operations.
- Across the five-year window, Cash from Operations tumbled 688.89% in 2023 and surged 616.98% in 2024, its largest moves.
- Over 5 years, Cash from Operations stood at $9.0 million in 2022, then plunged by 688.89% to -$53.0 million in 2023, then surged by 616.98% to $274.0 million in 2024, then slumped by 32.48% to $185.0 million in 2025, then changed by 0.0% to $185.0 million in 2026.
- The last three Cash from Operations figures came in at $185.0 million (Q2 2026), $421.0 million (Q1 2026), and $185.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 52.35 Bn | 47.68 Bn | 19.07 Bn | 1.60 Bn |
| 2 | Ryanair Holdings | 27.93 Bn | 24.00 Bn | - | 1.40 Bn |
| 3 | Southwest Airlines | 20.05 Bn | 16.26 Bn | 7.33 Bn | 530.00 Mn |
| 4 | Copa Holdings | 5.42 Bn | 4.16 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.52 Bn | 1.86 Bn | 3.76 Bn | 185.00 Mn |
| 6 | Skywest | 3.74 Bn | 3.14 Bn | 1.01 Bn | 291.86 Mn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.25 Bn | 1.21 Bn | - | 83.00 Mn |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn | 46.08 Mn |
| 9 | Jetblue Airways | 1.65 Bn | -372.51 Mn | 2.32 Bn | -155.00 Mn |
| 10 | Frontier Group Holdings | 1.34 Bn | 384.76 Mn | - | 151.00 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();