Alaska Air (ALK) Debt to Equity (2009 - 2026)
Alaska Air (ALK) reported Debt to Equity of $1.43 for Q1 2026, up 22.66% year-over-year from $1.16 in Q1 2025, and up 5.7% quarter-over-quarter from $1.35 in Q4 2025.
Alaska Air (ALK) Debt to Equity (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has 18 years of Debt to Equity data on file, last reported at $1.43 in Q1 2026.
- Debt to Equity for Q1 2026 came in at $1.43, up 22.66% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.43 (up 22.66% YoY), and the FY2025 annual result was $1.35, up 18.24% from the prior year.
- Debt to Equity improved to $1.43 in Q1 2026 per ALK's latest filing, from $1.35 in the prior quarter.
- Over five years, Debt to Equity peaked at $1.43 in Q1 2026 and troughed at $0.56 in Q1 2023.
- A 5-year average of $0.87 and a median of $0.65 in 2022 frame the typical range for Debt to Equity.
- The sharpest annual moves came in 2022 and 2025: Debt to Equity plunged 47.54% in 2022, then jumped 98.52% in 2025.
- A 5-year view of Debt to Equity shows it stood at $0.57 in 2022, then grew by 6.19% to $0.6 in 2023, then surged by 89.9% to $1.14 in 2024, then climbed by 18.24% to $1.35 in 2025, then grew by 5.7% to $1.43 in 2026.
- Business Quant data shows ALK's Debt to Equity at $1.43 in Q1 2026, $1.35 in Q4 2025, and $1.24 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | 0.13 |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | 0.70 |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | - |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 0.78 |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 0.71 |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | 1.43 |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 0.88 |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | - |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | 4.66 |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 1.63 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.43 |
| Dec 31, 2025 | 1.35 |
| Sep 30, 2025 | 1.24 |
| Jun 30, 2025 | 1.26 |
| Mar 31, 2025 | 1.16 |
| Dec 31, 2024 | 1.14 |
| Sep 30, 2024 | 1.05 |
| Jun 30, 2024 | 0.63 |
| Mar 31, 2024 | 0.64 |
| Dec 31, 2023 | 0.60 |
| Sep 30, 2023 | 0.70 |
| Jun 30, 2023 | 0.62 |
| Mar 31, 2023 | 0.56 |
| Dec 31, 2022 | 0.57 |
| Sep 30, 2022 | 0.58 |
| Jun 30, 2022 | 0.61 |
| Mar 31, 2022 | 0.65 |
| Dec 31, 2021 | 0.67 |
| Sep 30, 2021 | 0.75 |
| Jun 30, 2021 | 0.96 |