Alaska Air (ALK) Free Cash Flow (2009 - 2026)
Alaska Air's (ALK) quarterly Free Cash Flow came in at $113.0 million in Q1 2026, down 57.03% year-on-year from $263.0 million in Q1 2025, and down 39.89% on a QoQ basis from $188.0 million in Q4 2025.
Alaska Air (ALK) Free Cash Flow (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has 18 years of Free Cash Flow data on file, last reported at $113.0 million in Q1 2026.
- On a quarterly basis, Free Cash Flow fell 57.03% year-over-year to $113.0 million in Q1 2026; TTM through Mar 2026 was $883.0 million, a 33.38% increase from a year earlier, with the FY2025 full-year figure at $1.0 billion, up 59.66% from the prior year.
- Free Cash Flow for Q1 2026 stood at $113.0 million, down from $188.0 million in the prior quarter.
- Over the last five years, Free Cash Flow for ALK reached as high as $489.0 million in Q4 2022 and fell as low as -$425.0 million in Q4 2024.
- Historically, Free Cash Flow has averaged $226.8 million across 5 years, with a median of $248.0 million in 2024.
- On a YoY basis, Free Cash Flow climbed as much as 2050.0% in 2024 and fell as far as 201.43% in 2024.
- Year by year, Free Cash Flow stood at $489.0 million in 2022, then dropped by 14.31% to $419.0 million in 2023, then slumped by 201.43% to -$425.0 million in 2024, then soared by 144.24% to $188.0 million in 2025, then slumped by 39.89% to $113.0 million in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were $113.0 million in Q1 2026, $188.0 million in Q4 2025, and $138.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 30,525.85 Bn | 30,523.18 Bn | 1.28 Mn | 386,796.00 |
| 2 | Ryanair Holdings | 62.16 Bn | 58.97 Bn | - | 540.24 Mn |
| 3 | Delta Air Lines | 57.43 Bn | 52.76 Bn | 19.07 Bn | -449.00 Mn |
| 4 | Southwest Airlines | 22.79 Bn | 19.00 Bn | 7.33 Bn | -288.00 Mn |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 9.15 Bn | 8.32 Bn | - | 272.00 Mn |
| 6 | Copa Holdings | 5.77 Bn | 4.43 Bn | 713.71 Mn | -949.97 Mn |
| 7 | Alaska Air | 5.50 Bn | 3.73 Bn | 3.20 Bn | 113.00 Mn |
| 8 | Skywest | 4.27 Bn | 3.67 Bn | 1.01 Bn | 161.35 Mn |
| 9 | Jetblue Airways | 2.08 Bn | 1.67 Bn | 1.87 Bn | -6.00 Mn |
| 10 | Allegiant Travel | 1.87 Bn | 969.61 Mn | 651.87 Mn | 222.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 113.00 Mn |
| Mar 31, 2026 | 113.00 Mn |
| Dec 31, 2025 | 188.00 Mn |
| Dec 31, 2025 | 188.00 Mn |
| Sep 30, 2025 | 138.00 Mn |
| Sep 30, 2025 | 138.00 Mn |
| Jun 30, 2025 | 444.00 Mn |
| Jun 30, 2025 | 444.00 Mn |
| Mar 31, 2025 | 263.00 Mn |
| Mar 31, 2025 | 263.00 Mn |
| Dec 31, 2024 | -425.00 Mn |
| Dec 31, 2024 | -425.00 Mn |
| Sep 30, 2024 | 344.00 Mn |
| Sep 30, 2024 | 344.00 Mn |
| Jun 30, 2024 | 480.00 Mn |
| Jun 30, 2024 | 480.00 Mn |
| Mar 31, 2024 | 248.00 Mn |
| Mar 31, 2024 | 248.00 Mn |
| Dec 31, 2023 | 419.00 Mn |
| Dec 31, 2023 | 419.00 Mn |