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% on a QoQ basis from 18.14% in Q4 2025.
Alaska Air (ALK) has 18 years of FCF Margin data on file, last reported at 11.85% in Q1 2026.
- Quarterly FCF Margin fell 144.0% year-over-year to 11.85% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.11% (down 1055.0% YoY) and the FY2025 annual result came in at 1.31%, down 421.0% from the prior year.
- FCF Margin improved to 11.85% in Q1 2026 per ALK's latest filing, from 18.14% in the prior quarter.
- Across five years, FCF Margin topped out at 276.84% in Q3 2024 and bottomed at 48.91% in Q4 2024.
- The 5-year median for FCF Margin is 11.11% (2024), against an average of 21.27%.
- The widest annual swing landed in 2024, when FCF Margin soared 26948 bps; it then sank 27318 bps in 2025.
- Tracing ALK's FCF Margin over 5 years: stood at 30.86% in 2022, then sank by 116 bps to 4.94% in 2023, then plunged by 891 bps to 48.91% in 2024, then jumped by 63 bps to 18.14% in 2025, then soared by 165 bps to 11.85% in 2026.
- Per Business Quant, the three latest ALK FCF Margin figures stand at 11.85% (Q1 2026), 18.14% (Q4 2025), and 3.66% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 9.03% |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 10.87% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 264.47% |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | 32.60% |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 11.85% |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 12.87% |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | -98.66% |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | -0.27% |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 33.14% |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 2.82% |
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% |
| Mar 31, 2021 | 19.32% |
| Dec 31, 2020 | -24.88% |
| Sep 30, 2020 | -52.21% |
| Jun 30, 2020 | 64.61% |
| Mar 31, 2020 | 0.37% |
| Dec 31, 2019 | 13.64% |
| Sep 30, 2019 | 23.27% |
| Jun 30, 2019 | 11.41% |
| Mar 31, 2019 | 23.40% |
| Dec 31, 2018 | 3.73% |
| Sep 30, 2018 | 5.83% |
| Jun 30, 2018 | 3.15% |
| Mar 31, 2018 | 12.83% |
| Dec 31, 2017 | 48.82% |
| Sep 30, 2017 | -7.77% |
| Jun 30, 2017 | 20.27% |
| Mar 31, 2017 | 15.86% |
| Dec 31, 2016 | 26.82% |
| Sep 30, 2016 | 4.21% |
| Jun 30, 2016 | 440.74% |
| Mar 31, 2016 | 45.19% |
| Dec 31, 2015 | -20.59% |
| Sep 30, 2015 | -15.19% |
| Jun 30, 2015 | 43.70% |
| Mar 31, 2015 | 18.52% |
| Dec 31, 2014 | -3.41% |
| Sep 30, 2014 | -16.52% |
| Mar 31, 2014 | 18.41% |
| Dec 31, 2013 | -4.62% |
| Sep 30, 2013 | 1,443.75% |
| Jun 30, 2013 | 706.67% |
| Mar 31, 2013 | 10.77% |
| Dec 31, 2012 | -4.07% |
| Mar 31, 2012 | 9.82% |
| Dec 31, 2011 | -2.56% |
| Sep 30, 2011 | 787.29% |
| Jun 30, 2011 | 34.06% |
| Mar 31, 2011 | -82.33% |
| Dec 31, 2010 | 170.98% |
| Sep 30, 2010 | 886.39% |
| Jun 30, 2010 | 21.81% |
| Mar 31, 2010 | 3.45% |
| Dec 31, 2009 | 35.91% |
| Sep 30, 2009 | 517.69% |