Alaska Air (ALK) Cost of Revenue (2009 - 2026)
Alaska Air's (ALK) quarterly Cost of Revenue came in at $302.0 million in Q2 2026, up 22.27% year-over-year from $247.0 million in Q2 2025, and little changed quarter-over-quarter from $303.0 million in Q1 2026.
Analysis
Alaska Air (ALK) Cost of Revenue (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has reported Cost of Revenue for 18 consecutive years, with $302.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 22.27% year-over-year to $302.0 million in Q2 2026; TTM through Jun 2026 was $1.2 billion, a 18.95% increase from a year earlier, with the FY2025 full-year figure at $1.1 billion, up 23.89% from the prior year.
- Cost of Revenue was $302.0 million for Q2 2026 at Alaska Air, roughly flat from $303.0 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $303.0 million in Q1 2026 and troughed at $152.0 million in Q1 2022.
- A 5-year average of $220.2 million and a median of $203.5 million in 2024 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue surged 64.29% in 2022 and declined 10.63% in 2023, its largest moves.
- Over 5 years, Cost of Revenue stood at $181.0 million in 2022, then rose by 2.21% to $185.0 million in 2023, then jumped by 41.08% to $261.0 million in 2024, then increased by 12.64% to $294.0 million in 2025, then increased by 2.72% to $302.0 million in 2026.
- The last three Cost of Revenue figures came in at $302.0 million (Q2 2026), $303.0 million (Q1 2026), and $294.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 52.35 Bn | 47.68 Bn | 19.07 Bn | 688.00 Mn |
| 2 | Ryanair Holdings | 27.93 Bn | 24.00 Bn | - | - |
| 3 | Southwest Airlines | 20.05 Bn | 16.26 Bn | 7.33 Bn | 1.10 Bn |
| 4 | Copa Holdings | 5.42 Bn | 4.16 Bn | 1.03 Bn | 30.59 Mn |
| 5 | Alaska Air | 4.52 Bn | 1.86 Bn | 3.76 Bn | 302.00 Mn |
| 6 | Skywest | 3.74 Bn | 3.14 Bn | 1.01 Bn | 91.51 Mn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.25 Bn | 1.21 Bn | - | - |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn | 40.72 Mn |
| 9 | Jetblue Airways | 1.65 Bn | -372.51 Mn | 2.32 Bn | 379.00 Mn |
| 10 | Frontier Group Holdings | 1.34 Bn | 384.76 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 302.00 Mn |
| Mar 31, 2026 | 303.00 Mn |
| Dec 31, 2025 | 294.00 Mn |
| Sep 30, 2025 | 256.00 Mn |
| Jun 30, 2025 | 247.00 Mn |
| Mar 31, 2025 | 261.00 Mn |
| Dec 31, 2024 | 261.00 Mn |
| Sep 30, 2024 | 202.00 Mn |
| Jun 30, 2024 | 186.00 Mn |
| Mar 31, 2024 | 205.00 Mn |
| Dec 31, 2023 | 185.00 Mn |
| Sep 30, 2023 | 185.00 Mn |
| Jun 30, 2023 | 182.00 Mn |
| Mar 31, 2023 | 177.00 Mn |
| Dec 31, 2022 | 181.00 Mn |
| Sep 30, 2022 | 207.00 Mn |
| Jun 30, 2022 | 177.00 Mn |
| Mar 31, 2022 | 152.00 Mn |
| Dec 31, 2021 | 159.00 Mn |
| Sep 30, 2021 | 126.00 Mn |