Alaska Air (ALK) FCF Margin (2009 - 2026)
Alaska Air's (ALK) quarterly FCF Margin came in at 3.42% in Q1 2026, down 496.0% year-on-year from 0.86% in Q1 2025, and down 33.85% on a QoQ basis from 5.18% 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 3.42% in Q1 2026.
- On a quarterly basis, FCF Margin fell 496.0% year-over-year to 3.42% in Q1 2026; TTM through Mar 2026 was 6.13%, a 51.0% decrease from a year earlier, with the FY2025 full-year figure at 7.25%, up 174.0% from the prior year.
- FCF Margin for Q1 2026 stood at 3.42%, down from 5.18% in the prior quarter.
- Over the last five years, FCF Margin for ALK reached as high as 19.73% in Q4 2022 and fell as low as 48.91% in Q4 2024.
- Historically, FCF Margin has averaged 6.41% across 5 years, with a median of 9.02% in 2023.
- Across the five-year window, FCF Margin sank 6532 bps in 2024 and surged 5408 bps in 2025, its largest moves.
- Year by year, FCF Margin stood at 19.73% in 2022, then decreased by 17 bps to 16.41% in 2023, then tumbled by 398 bps to 48.91% in 2024, then soared by 111 bps to 5.18% in 2025, then sank by 34 bps to 3.42% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 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 | Latam Airlines | 30,820.50 Bn | 30,817.83 Bn | 1.28 Mn | 0.01% |
| 2 | Ryanair Holdings | 60.62 Bn | 57.43 Bn | - | - |
| 3 | Delta Air Lines | 56.47 Bn | 51.80 Bn | 19.07 Bn | -2.27% |
| 4 | Southwest Airlines | 22.19 Bn | 18.40 Bn | 7.33 Bn | -3.42% |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.95 Bn | 8.12 Bn | - | 31.66% |
| 6 | Copa Holdings | 5.72 Bn | 4.39 Bn | 713.71 Mn | -98.66% |
| 7 | Alaska Air | 5.41 Bn | 3.64 Bn | 3.20 Bn | 3.42% |
| 8 | Skywest | 4.36 Bn | 3.75 Bn | 1.01 Bn | 14.63% |
| 9 | Jetblue Airways | 2.00 Bn | 1.59 Bn | 1.87 Bn | -0.27% |
| 10 | Allegiant Travel | 1.82 Bn | 915.81 Mn | 651.87 Mn | 33.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 53.77% |