Alaska Air (ALK) EBITDA Margin (2009 - 2026)

Alaska Air (ALK) has 18 years of EBITDA Margin data on file, last reported at 8.45% in Q1 2026.

• EBITDA Margin for Q1 2026 came in at 8.45%, down 217.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.53% (down 55.0% YoY), and the FY2025 annual result was 2.13%, down 273.0% from the prior year.
• EBITDA Margin eased to 8.45% in Q1 2026 per ALK's latest filing, from 2.06% in the prior quarter.
• Over five years, EBITDA Margin peaked at 11.87% in Q2 2023 and troughed at 54.74% in Q3 2024.
• A 5-year average of 1.98% and a median of 2.06% in 2025 frame the typical range for EBITDA Margin.
• The sharpest annual moves came in 2024 and 2025: EBITDA Margin slumped 6217 bps in 2024, then jumped 5867 bps in 2025.
• A 5-year view of EBITDA Margin shows it stood at 0.93% in 2022, then jumped by 35 bps to 1.25% in 2023, then surged by 570 bps to 8.4% in 2024, then sank by 75 bps to 2.06% in 2025, then plunged by 509 bps to 8.45% in 2026.
• Business Quant data shows ALK's EBITDA Margin at 8.45% in Q1 2026, 2.06% in Q4 2025, and 3.93% in Q3 2025.