Alaska Air (ALK) Cost of Revenue (2009 - 2026)

Alaska Air (ALK) has reported Cost of Revenue for 18 consecutive years, with $99.0 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue fell 1.0% year-over-year to $99.0 million; the TTM figure through Mar 2026 stood at $1.3 billion (up 114.31% YoY), while the FY2025 annual figure was $1.1 billion, up 23.89% from the prior year.
• Cost of Revenue declined to $99.0 million in Q1 2026 per ALK's latest filing, from $746.0 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $746.0 million in Q4 2025 and bottomed at -$241.0 million in Q4 2022.
• Historically, Cost of Revenue has averaged $155.6 million across 5 years, with a median of $100.0 million in 2025.
• Annual changes were most pronounced in 2022 — Cost of Revenue slumped 133.98% — and 2024, when it surged 262.5%.
• Alaska Air's Cost of Revenue stood at -$241.0 million in 2022, then soared by 129.88% to $72.0 million in 2023, then soared by 262.5% to $261.0 million in 2024, then surged by 185.82% to $746.0 million in 2025, then slumped by 86.73% to $99.0 million in 2026.
• Business Quant data shows ALK's Cost of Revenue at $99.0 million in Q1 2026, $746.0 million in Q4 2025, and $256.0 million in Q3 2025.