Alaska Air (ALK) FCF Margin (2009 - 2026)
Alaska Air (ALK) posted quarterly FCF Margin of 3.42% for Q1 2026, down 496.0% year-over-year from 0.86% in Q1 2025, and down 33.85% quarter-over-quarter from 5.18% in Q4 2025.
Alaska Air (ALK) FCF Margin (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has reported FCF Margin for 18 consecutive years, with 3.42% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin fell 496.0% year-over-year to 3.42%; the TTM figure through Mar 2026 stood at 6.13% (down 51.0% YoY), while the FY2025 annual figure was 7.25%, up 174.0% from the prior year.
- FCF Margin eased to 3.42% in Q1 2026 per ALK's latest filing, from 5.18% in the prior quarter.
- Across five years, FCF Margin topped out at 19.73% in Q4 2022 and bottomed at 48.91% in Q4 2024.
- Historically, FCF Margin has averaged 6.41% across 5 years, with a median of 9.02% in 2023.
- Annual changes were most pronounced in 2024 — FCF Margin tumbled 6532 bps — and 2025, when it jumped 5408 bps.
- Alaska Air's FCF Margin stood at 19.73% in 2022, then fell by 17 bps to 16.41% in 2023, then tumbled by 398 bps to 48.91% in 2024, then jumped by 111 bps to 5.18% in 2025, then sank by 34 bps to 3.42% in 2026.
- Business Quant data shows ALK's FCF Margin at 3.42% in Q1 2026, 5.18% 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 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 12.05% |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | 10.42% |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | -3.42% |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | 2.63% |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 25.74% |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | -13.98% |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | -7.91% |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | 9.30% |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 5.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.92% |
| Mar 31, 2026 | 3.42% |
| Dec 31, 2025 | 5.18% |
| Sep 30, 2025 | 3.66% |
| Jun 30, 2025 | 11.99% |
| Mar 31, 2025 | 8.38% |
| Dec 31, 2024 | -48.91% |
| Sep 30, 2024 | 11.20% |
| Jun 30, 2024 | 16.57% |
| Mar 31, 2024 | 11.11% |
| Dec 31, 2023 | 16.41% |
| Sep 30, 2023 | 0.56% |
| Jun 30, 2023 | 7.75% |
| Mar 31, 2023 | 9.02% |
| Dec 31, 2022 | 19.73% |
| Sep 30, 2022 | -0.18% |
| Jun 30, 2022 | 17.42% |
| Mar 31, 2022 | 15.65% |
| Dec 31, 2021 | 6.37% |
| Sep 30, 2021 | -6.96% |