Alaska Air (ALK) EBITDA Margin (2009 - 2026)
Alaska Air's (ALK) quarterly EBITDA Margin came in at 8.45% in Q1 2026, down 217.0% year-on-year from 7.23% in Q1 2025, and down 509.43% on a QoQ basis from 2.06% in Q4 2025.
Alaska Air (ALK) EBITDA Margin (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has 18 years of EBITDA Margin data on file, last reported at 8.45% in Q1 2026.
- On a quarterly basis, EBITDA Margin fell 217.0% year-over-year to 8.45% in Q1 2026; TTM through Mar 2026 was 1.53%, a 387.0% decrease from a year earlier, with the FY2025 full-year figure at 2.13%, down 273.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 8.45%, down from 2.06% in the prior quarter.
- Over the last five years, EBITDA Margin for ALK reached as high as 11.87% in Q2 2023 and fell as low as 12.02% in Q1 2022.
- Historically, EBITDA Margin has averaged 1.89% across 5 years, with a median of 2.19% in 2022.
- On a YoY basis, EBITDA Margin climbed as much as 818 bps in 2022 and fell as far as 2892 bps in 2022.
- Year by year, EBITDA Margin 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 slumped by 75 bps to 2.06% in 2025, then sank by 509 bps to 8.45% in 2026.
- Per Business Quant data, the three most recent EBITDA Margin figures were 8.45% in Q1 2026, 2.06% in Q4 2025, and 3.93% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 30,820.50 Bn | 30,817.83 Bn | 1.28 Mn | 31.68% |
| 2 | Ryanair Holdings | 60.62 Bn | 57.43 Bn | - | - |
| 3 | Delta Air Lines | 56.47 Bn | 51.80 Bn | 19.07 Bn | 9.43% |
| 4 | Southwest Airlines | 22.19 Bn | 18.40 Bn | 7.33 Bn | 3.38% |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.95 Bn | 8.12 Bn | - | -11.53% |
| 6 | Copa Holdings | 5.72 Bn | 4.39 Bn | 713.71 Mn | 122.97% |
| 7 | Alaska Air | 5.41 Bn | 3.64 Bn | 3.20 Bn | -8.45% |
| 8 | Skywest | 4.36 Bn | 3.75 Bn | 1.01 Bn | 14.13% |
| 9 | Jetblue Airways | 2.00 Bn | 1.59 Bn | 1.87 Bn | -10.00% |
| 10 | Allegiant Travel | 1.82 Bn | 915.81 Mn | 651.87 Mn | 12.07% |
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 | 11.10% |
| 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% |