Alaska Air (ALK) FCF Margin (2009 - 2026)
Alaska Air's (ALK) quarterly FCF Margin came in at 2.63% in Q2 2026, down 520.0% year-over-year from 0.63% in Q2 2025, and down 77.78% quarter-over-quarter from 11.85% in Q1 2026.
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Alaska Air (ALK) FCF Margin (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has reported FCF Margin for 18 consecutive years, with 2.63% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin fell 520.0% year-over-year to 2.63% in Q2 2026; TTM through Jun 2026 was 4.95%, a 571.0% decrease from a year earlier, with the FY2025 full-year figure at 6.6%, down 338.0% from the prior year.
- FCF Margin was 2.63% for Q2 2026 at Alaska Air, down from 11.85% in the prior quarter.
- Over five years, FCF Margin peaked at 30.17% in Q4 2022 and troughed at 4.99% in Q3 2022.
- A 5-year average of 9.77% and a median of 8.15% in 2025 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin jumped 2875 bps in 2022 and plunged 3511 bps in 2023, its largest moves.
- Over 5 years, FCF Margin stood at 30.17% in 2022, then plunged by 116 bps to 4.94% in 2023, then jumped by 527 bps to 21.06% in 2024, then tumbled by 88 bps to 2.62% in 2025, then increased by 1 bps to 2.63% in 2026.
- The last three FCF Margin figures came in at 2.63% (Q2 2026), 11.85% (Q1 2026), and 2.62% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.66 Bn | 46.99 Bn | 19.07 Bn | 12.05% |
| 2 | Ryanair Holdings | 28.60 Bn | 24.67 Bn | - | 38.28% |
| 3 | Southwest Airlines | 18.92 Bn | 15.13 Bn | 7.33 Bn | -3.42% |
| 4 | Copa Holdings | 5.36 Bn | 4.10 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | 2.63% |
| 6 | Skywest | 3.79 Bn | 3.19 Bn | 1.01 Bn | 25.74% |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.29 Bn | 1.25 Bn | - | 5.61% |
| 8 | Allegiant Travel | 1.75 Bn | 699.04 Mn | 902.77 Mn | -7.91% |
| 9 | Jetblue Airways | 1.64 Bn | -375.44 Mn | 2.32 Bn | -13.98% |
| 10 | Frontier Group Holdings | 1.30 Bn | 347.83 Mn | - | 9.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.63% |
| Mar 31, 2026 | 11.85% |
| Dec 31, 2025 | 2.62% |
| Sep 30, 2025 | 3.66% |
| Jun 30, 2025 | 7.83% |
| Mar 31, 2025 | 13.29% |
| Dec 31, 2024 | 21.06% |
| Sep 30, 2024 | 8.46% |
| Jun 30, 2024 | 16.57% |
| Mar 31, 2024 | 11.11% |
| Dec 31, 2023 | -4.94% |
| Sep 30, 2023 | 7.57% |
| Jun 30, 2023 | 21.88% |
| Mar 31, 2023 | 4.46% |
| Dec 31, 2022 | 30.17% |
| Sep 30, 2022 | -4.99% |
| Jun 30, 2022 | 22.72% |
| Mar 31, 2022 | -0.06% |
| Dec 31, 2021 | 1.42% |
| Sep 30, 2021 | -9.93% |