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% on a QoQ basis from 0.27 in Q4 2025.
Alaska Air (ALK) has 18 years of Debt Ratio data on file, last reported at 0.26 in Q1 2026.
- Quarterly Debt Ratio rose 8.01% year-over-year to 0.26 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.26 (up 8.01% YoY) and the FY2025 annual result came in at 0.27, up 8.12% from the prior year.
- Debt Ratio slipped to 0.26 in Q1 2026 per ALK's latest filing, from 0.27 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.27 in Q4 2025 and bottomed at 0.14 in Q1 2023.
- The 5-year median for Debt Ratio is 0.17 (2024), against an average of 0.2.
- The widest annual swing landed in 2022, when Debt Ratio plunged 33.39%; it then soared 49.22% in 2024.
- Tracing ALK's Debt Ratio over 5 years: stood at 0.15 in 2022, then advanced by 11.11% to 0.17 in 2023, then soared by 49.22% to 0.25 in 2024, then advanced by 8.12% to 0.27 in 2025, then fell by 3.93% to 0.26 in 2026.
- Per Business Quant, the three latest ALK Debt Ratio figures stand at 0.26 (Q1 2026), 0.27 (Q4 2025), and 0.25 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 0.17 |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 0.18 |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 0.49 |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | 0.07 |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 0.26 |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 0.33 |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 0.30 |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 0.51 |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 0.41 |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 0.08 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 0.25 |
| Dec 31, 2020 | 0.25 |
| Sep 30, 2020 | 0.26 |
| Jun 30, 2020 | 0.19 |
| Mar 31, 2020 | 0.17 |
| Dec 31, 2019 | 0.12 |
| Sep 30, 2019 | 0.13 |
| Jun 30, 2019 | 0.14 |
| Mar 31, 2019 | 0.16 |
| Dec 31, 2018 | 0.19 |
| Sep 30, 2018 | 0.19 |
| Jun 30, 2018 | 0.21 |
| Mar 31, 2018 | 0.23 |
| Dec 31, 2017 | 0.24 |
| Sep 30, 2017 | 0.25 |
| Jun 30, 2017 | 0.26 |
| Mar 31, 2017 | 0.28 |
| Dec 31, 2016 | 0.30 |
| Sep 30, 2016 | 0.25 |
| Jun 30, 2016 | 0.09 |
| Mar 31, 2016 | 0.09 |
| Dec 31, 2015 | 0.10 |
| Sep 30, 2015 | 0.11 |
| Jun 30, 2015 | 0.11 |
| Mar 31, 2015 | 0.12 |
| Dec 31, 2014 | 0.13 |
| Sep 30, 2014 | 0.13 |
| Jun 30, 2014 | 0.14 |
| Mar 31, 2014 | 0.14 |
| Dec 31, 2013 | 0.15 |
| Sep 30, 2013 | 0.15 |
| Jun 30, 2013 | 0.16 |
| Mar 31, 2013 | 0.17 |
| Dec 31, 2012 | 0.19 |
| Sep 30, 2012 | 0.20 |
| Jun 30, 2012 | 0.21 |
| Mar 31, 2012 | 0.23 |
| Dec 31, 2011 | 0.25 |
| Sep 30, 2011 | 0.26 |
| Jun 30, 2011 | 0.27 |
| Mar 31, 2011 | 0.28 |
| Dec 31, 2010 | 0.31 |
| Sep 30, 2010 | 0.32 |
| Jun 30, 2010 | 0.34 |
| Dec 31, 2009 | 0.37 |