Alaska Air (ALK) Debt Ratio (2009 - 2026)

Alaska Air (ALK) reported Debt Ratio of 0.26 for Q1 2026, up 8.01% year-over-year from 0.24 in Q1 2025, and down 3.93% quarter-over-quarter from 0.27 in Q4 2025.

Alaska Air (ALK) Debt Ratio (2009 - 2026) Analysis & Trends

Alaska Air (ALK) has 18 years of Debt Ratio data on file, last reported at 0.26 in Q1 2026.

  • Debt Ratio for Q1 2026 came in at 0.26, up 8.01% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.26 (up 8.01% YoY), and the FY2025 annual result was 0.27, up 8.12% from the prior year.
  • Debt Ratio retreated to 0.26 in Q1 2026 per ALK's latest filing, from 0.27 in the prior quarter.
  • Over five years, Debt Ratio peaked at 0.27 in Q4 2025 and troughed at 0.14 in Q1 2023.
  • A 5-year average of 0.2 and a median of 0.17 in 2024 frame the typical range for Debt Ratio.
  • The sharpest annual moves came in 2022 and 2024: Debt Ratio slumped 33.39% in 2022, then surged 49.22% in 2024.
  • A 5-year view of Debt Ratio shows it stood at 0.15 in 2022, then grew by 11.11% to 0.17 in 2023, then surged by 49.22% to 0.25 in 2024, then grew by 8.12% to 0.27 in 2025, then decreased by 3.93% to 0.26 in 2026.
  • Business Quant data shows ALK's Debt Ratio at 0.26 in Q1 2026, 0.27 in Q4 2025, and 0.25 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Ryanair Holdings 453.97 Bn 448.50 Bn 1.55 Bn 0.07
2 Delta Air Lines 54.89 Bn 49.84 Bn 15.19 Bn 0.17
3 Grupo Aeromexico, S.A.B. de C.V 47.52 Bn 46.49 Bn -239.00 Mn 0.49
4 Southwest Airlines 23.88 Bn 20.55 Bn 6.21 Bn 0.18
5 Copa Holdings 6.22 Bn 4.88 Bn 713.71 Mn 0.30
6 Alaska Air 5.64 Bn 3.87 Bn 3.20 Bn 0.26
7 Skywest 3.71 Bn 3.08 Bn 924.11 Mn 0.33
8 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 2.23 Bn 2.23 Bn - 0.07
9 Jetblue Airways 2.11 Bn -62.86 Mn 1.87 Bn 0.51
10 Allegiant Travel 1.82 Bn 921.81 Mn 651.87 Mn 0.41

Historic Data

Download Data
DateValue
Mar 31, 2026 0.26
Dec 31, 2025 0.27
Sep 30, 2025 0.25
Jun 30, 2025 0.25
Mar 31, 2025 0.24
Dec 31, 2024 0.25
Sep 30, 2024 0.24
Jun 30, 2024 0.17
Mar 31, 2024 0.17
Dec 31, 2023 0.17
Sep 30, 2023 0.19
Jun 30, 2023 0.17
Mar 31, 2023 0.14
Dec 31, 2022 0.15
Sep 30, 2022 0.15
Jun 30, 2022 0.16
Mar 31, 2022 0.17
Dec 31, 2021 0.18
Sep 30, 2021 0.19
Jun 30, 2021 0.22