KPIs & Operating Metrics(New)
Growth Metrics

Alaska Air (ALK) Cost of Revenue (2016 - 2025)

Alaska Air (ALK) has disclosed Cost of Revenue for 17 consecutive years, with -$357.0 million as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 117.56% to -$357.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $407.0 million, a 83.76% decrease, with the full-year FY2025 number at $407.0 million, down 83.76% from a year prior.
  • Cost of Revenue was -$357.0 million for Q4 2025 at Alaska Air, down from $559.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $2.0 billion in Q4 2024 to a low of -$680.0 million in Q4 2021.
  • A 5-year average of $323.3 million and a median of $195.5 million in 2024 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: tumbled 538.71% in 2021, then skyrocketed 951.52% in 2022.
  • Alaska Air's Cost of Revenue stood at -$680.0 million in 2021, then skyrocketed by 173.38% to $499.0 million in 2022, then surged by 42.08% to $709.0 million in 2023, then skyrocketed by 186.74% to $2.0 billion in 2024, then tumbled by 117.56% to -$357.0 million in 2025.
  • Per Business Quant, the three most recent readings for ALK's Cost of Revenue are -$357.0 million (Q4 2025), $559.0 million (Q3 2025), and $105.0 million (Q2 2025).