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
DateValue
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