Alaska Air (ALK) EBITDA Margin (2009 - 2026)
Alaska Air (ALK) reported EBITDA Margin of 8.45% for Q1 2026, down 217.0% year-over-year from 7.23% in Q1 2025, and down 509.43% on a QoQ basis from 2.06% in Q4 2025.
Alaska Air (ALK) has 18 years of EBITDA Margin data on file, last reported at 8.45% in Q1 2026.
- Quarterly EBITDA Margin fell 217.0% year-over-year to 8.45% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.53% (down 55.0% YoY) and the FY2025 annual result came in at 2.13%, down 273.0% from the prior year.
- EBITDA Margin declined to 8.45% in Q1 2026 per ALK's latest filing, from 2.06% in the prior quarter.
- Across five years, EBITDA Margin topped out at 11.87% in Q2 2023 and bottomed at 54.74% in Q3 2024.
- The 5-year median for EBITDA Margin is 2.06% (2025), against an average of 1.98%.
- The widest annual swing landed in 2024, when EBITDA Margin plunged 6217 bps; it then surged 5867 bps in 2025.
- Tracing ALK's EBITDA Margin over 5 years: stood at 0.93% in 2022, then surged by 35 bps to 1.25% in 2023, then soared by 570 bps to 8.4% in 2024, then tumbled by 75 bps to 2.06% in 2025, then slumped by 509 bps to 8.45% in 2026.
- Per Business Quant, the three latest ALK EBITDA Margin figures stand at 8.45% (Q1 2026), 2.06% (Q4 2025), and 3.93% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | -1.64% |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 3.45% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 186.84% |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | 13.25% |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | -8.45% |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 9.97% |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 21.77% |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | -10.00% |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 12.07% |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | -28.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -8.45% |
| Dec 31, 2025 | 2.06% |
| Sep 30, 2025 | 3.93% |
| Jun 30, 2025 | 7.48% |
| Mar 31, 2025 | -6.28% |
| Dec 31, 2024 | 8.40% |
| Sep 30, 2024 | -54.74% |
| Jun 30, 2024 | 11.11% |
| Mar 31, 2024 | -7.44% |
| Dec 31, 2023 | 1.25% |
| Sep 30, 2023 | 7.43% |
| Jun 30, 2023 | 11.87% |
| Mar 31, 2023 | -8.47% |
| Dec 31, 2022 | 0.93% |
| Sep 30, 2022 | 2.19% |
| Jun 30, 2022 | 7.04% |
| Mar 31, 2022 | -12.02% |
| Dec 31, 2021 | 2.05% |
| Sep 30, 2021 | 13.21% |
| Jun 30, 2021 | 35.95% |
| Mar 31, 2021 | -20.20% |
| Dec 31, 2020 | -73.64% |
| Sep 30, 2020 | -81.46% |
| Jun 30, 2020 | -68.41% |
| Mar 31, 2020 | -19.62% |
| Dec 31, 2019 | 11.31% |
| Sep 30, 2019 | 17.66% |
| Jun 30, 2019 | 15.91% |
| Mar 31, 2019 | 1.33% |
| Dec 31, 2018 | 2.23% |
| Sep 30, 2018 | 13.43% |
| Jun 30, 2018 | 12.57% |
| Mar 31, 2018 | 1.58% |
| Dec 31, 2017 | 7.05% |
| Sep 30, 2017 | 20.24% |
| Jun 30, 2017 | 23.17% |
| Mar 31, 2017 | 9.80% |
| Dec 31, 2016 | 8.97% |
| Sep 30, 2016 | 25.54% |
| Jun 30, 2016 | 1,548.15% |
| Mar 31, 2016 | 25.60% |
| Dec 31, 2015 | -6.20% |
| Sep 30, 2015 | 33.38% |
| Jun 30, 2015 | 25.89% |
| Mar 31, 2015 | 18.75% |
| Dec 31, 2014 | -275.00% |
| Sep 30, 2014 | 21.57% |
| Mar 31, 2014 | 11.54% |
| Dec 31, 2013 | -4.17% |
| Sep 30, 2013 | 1,468.75% |
| Jun 30, 2013 | 580.00% |
| Mar 31, 2013 | 5.65% |
| Dec 31, 2012 | -2.43% |
| Mar 31, 2012 | 6.93% |
| Dec 31, 2011 | -4.23% |
| Sep 30, 2011 | 478.93% |
| Jun 30, 2011 | 5.21% |
| Mar 31, 2011 | 537.35% |
| Dec 31, 2010 | 465.49% |
| Sep 30, 2010 | 737.76% |
| Jun 30, 2010 | 12.38% |
| Mar 31, 2010 | 3.10% |
| Dec 31, 2009 | 6.24% |
| Sep 30, 2009 | 576.90% |
| Jun 30, 2009 | 8.81% |