Alaska Air (ALK) FCF Margin (2009 - 2026)
Alaska Air (ALK) reported FCF Margin of 11.85% for Q1 2026, down 144.0% year-over-year from 26.93% in Q1 2025, and up 165.3% quarter-over-quarter from 18.14% in Q4 2025.
Alaska Air (ALK) FCF Margin (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has 18 years of FCF Margin data on file, last reported at 11.85% in Q1 2026.
- FCF Margin for Q1 2026 came in at 11.85%, down 144.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.11% (down 1055.0% YoY), and the FY2025 annual result was 1.31%, down 421.0% from the prior year.
- FCF Margin climbed to 11.85% in Q1 2026 per ALK's latest filing, from 18.14% in the prior quarter.
- Over five years, FCF Margin peaked at 276.84% in Q3 2024 and troughed at 48.91% in Q4 2024.
- A 5-year average of 21.27% and a median of 11.11% in 2024 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2024 and 2025: FCF Margin surged 26948 bps in 2024, then tumbled 27318 bps in 2025.
- A 5-year view of FCF Margin shows it stood at 30.86% in 2022, then tumbled by 116 bps to 4.94% in 2023, then slumped by 891 bps to 48.91% in 2024, then soared by 63 bps to 18.14% in 2025, then surged by 165 bps to 11.85% in 2026.
- Business Quant data shows ALK's FCF Margin at 11.85% in Q1 2026, 18.14% in Q4 2025, and 3.66% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | - |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | 9.03% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | 264.47% |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 10.87% |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | -98.66% |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | 11.85% |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 12.87% |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | 32.60% |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | -0.27% |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 33.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.85% |
| Dec 31, 2025 | -18.14% |
| Sep 30, 2025 | 3.66% |
| Jun 30, 2025 | 7.83% |
| Mar 31, 2025 | 13.29% |
| Dec 31, 2024 | -48.91% |
| Sep 30, 2024 | 276.84% |
| Jun 30, 2024 | 19.36% |
| Mar 31, 2024 | 11.11% |
| Dec 31, 2023 | -4.94% |
| Sep 30, 2023 | 7.36% |
| Jun 30, 2023 | 19.49% |
| Mar 31, 2023 | 7.83% |
| Dec 31, 2022 | 30.86% |
| Sep 30, 2022 | -25.42% |
| Jun 30, 2022 | 35.78% |
| Mar 31, 2022 | 13.68% |
| Dec 31, 2021 | 3.32% |
| Sep 30, 2021 | -6.55% |
| Jun 30, 2021 | 53.37% |