KPIs & Operating Metrics(New)
Growth Metrics

Alaska Air (ALK) Free Cash Flow (2009 - 2026)

Alaska Air (ALK) reported Free Cash Flow of $391.0 million for Q1 2026, down 6.24% year-over-year from $417.0 million in Q1 2025, and up 159.33% on a QoQ basis from -$659.0 million in Q4 2025.

Alaska Air (ALK) has 18 years of Free Cash Flow data on file, last reported at $391.0 million in Q1 2026.

  • Quarterly Free Cash Flow fell 6.24% year-over-year to $391.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $160.0 million (down 80.39% YoY) and the FY2025 annual result came in at $186.0 million, down 71.25% from the prior year.
  • Free Cash Flow improved to $391.0 million in Q1 2026 per ALK's latest filing, from -$659.0 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $951.0 million in Q2 2022 and bottomed at -$719.0 million in Q3 2022.
  • The 5-year median for Free Cash Flow is $248.0 million (2024), against an average of $191.7 million.
  • Peak annual rise in Free Cash Flow reached 1114.29% in 2022, while the deepest fall reached 461.72% in 2022.
  • Tracing ALK's Free Cash Flow over 5 years: stood at $765.0 million in 2022, then plunged by 116.47% to -$126.0 million in 2023, then sank by 237.3% to -$425.0 million in 2024, then plunged by 55.06% to -$659.0 million in 2025, then jumped by 159.33% to $391.0 million in 2026.
  • Per Business Quant, the three latest ALK Free Cash Flow figures stand at $391.0 million (Q1 2026), -$659.0 million (Q4 2025), and $138.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Delta Air Lines 53.78 Bn 48.72 Bn 15.19 Bn 1.43 Bn
2 Southwest Airlines 21.39 Bn 18.06 Bn 6.21 Bn 788.00 Mn
3 Grupo Aeromexico, S.A.B. de C.V 18.50 Bn 17.47 Bn -239.00 Mn 201.00 Mn
4 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.98 Bn 8.98 Bn - 251.00 Mn
5 Alaska Air 5.26 Bn 3.49 Bn 3.20 Bn 391.00 Mn
6 Skywest 3.43 Bn 2.80 Bn 924.11 Mn 130.43 Mn
7 Copa Holdings 3.33 Bn 1.99 Bn 713.71 Mn -949.97 Mn
8 Jetblue Airways 2.03 Bn -140.72 Mn 1.87 Bn -6.00 Mn
9 Allegiant Travel 1.67 Bn 765.78 Mn 651.87 Mn 222.64 Mn
10 Frontier Group Holdings 1.39 Bn 618.26 Mn 724.00 Mn 28.00 Mn

Historic Data

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DateValue
Mar 31, 2026 391.00 Mn
Mar 31, 2026 391.00 Mn
Dec 31, 2025 -659.00 Mn
Dec 31, 2025 -659.00 Mn
Sep 30, 2025 138.00 Mn
Sep 30, 2025 138.00 Mn
Jun 30, 2025 290.00 Mn
Jun 30, 2025 290.00 Mn
Mar 31, 2025 417.00 Mn
Mar 31, 2025 417.00 Mn
Dec 31, 2024 -425.00 Mn
Dec 31, 2024 -425.00 Mn
Sep 30, 2024 263.00 Mn
Sep 30, 2024 263.00 Mn
Jun 30, 2024 561.00 Mn
Jun 30, 2024 561.00 Mn
Mar 31, 2024 248.00 Mn
Mar 31, 2024 248.00 Mn
Dec 31, 2023 -126.00 Mn
Dec 31, 2023 -126.00 Mn
Sep 30, 2023 209.00 Mn
Sep 30, 2023 209.00 Mn
Jun 30, 2023 553.00 Mn
Jun 30, 2023 553.00 Mn
Mar 31, 2023 172.00 Mn
Mar 31, 2023 172.00 Mn
Dec 31, 2022 765.00 Mn
Dec 31, 2022 765.00 Mn
Sep 30, 2022 -719.00 Mn
Sep 30, 2022 -719.00 Mn
Jun 30, 2022 951.00 Mn
Jun 30, 2022 951.00 Mn
Mar 31, 2022 230.00 Mn
Mar 31, 2022 230.00 Mn
Dec 31, 2021 63.00 Mn
Dec 31, 2021 63.00 Mn
Sep 30, 2021 -128.00 Mn
Sep 30, 2021 -128.00 Mn
Jun 30, 2021 815.00 Mn
Jun 30, 2021 815.00 Mn
Mar 31, 2021 154.00 Mn
Mar 31, 2021 154.00 Mn
Dec 31, 2020 -201.00 Mn
Dec 31, 2020 -201.00 Mn
Sep 30, 2020 -366.00 Mn
Sep 30, 2020 -366.00 Mn
Jun 30, 2020 272.00 Mn
Jun 30, 2020 272.00 Mn
Mar 31, 2020 6.00 Mn
Mar 31, 2020 6.00 Mn
Dec 31, 2019 304.00 Mn
Dec 31, 2019 304.00 Mn
Sep 30, 2019 556.00 Mn
Sep 30, 2019 556.00 Mn
Jun 30, 2019 261.00 Mn
Jun 30, 2019 261.00 Mn
Mar 31, 2019 439.00 Mn
Mar 31, 2019 439.00 Mn
Dec 31, 2018 77.00 Mn
Dec 31, 2018 77.00 Mn
Sep 30, 2018 129.00 Mn
Sep 30, 2018 129.00 Mn
Jun 30, 2018 68.00 Mn
Jun 30, 2018 68.00 Mn
Mar 31, 2018 235.00 Mn
Mar 31, 2018 235.00 Mn
Dec 31, 2017 948.00 Mn
Dec 31, 2017 948.00 Mn
Sep 30, 2017 -164.00 Mn
Sep 30, 2017 -164.00 Mn
Jun 30, 2017 426.00 Mn
Jun 30, 2017 426.00 Mn
Mar 31, 2017 254.00 Mn
Mar 31, 2017 254.00 Mn
Dec 31, 2016 592.00 Mn
Dec 31, 2016 592.00 Mn
Sep 30, 2016 66.00 Mn
Sep 30, 2016 66.00 Mn
Jun 30, 2016 119.00 Mn
Jun 30, 2016 119.00 Mn
Mar 31, 2016 512.00 Mn
Mar 31, 2016 512.00 Mn
Dec 31, 2015 847.00 Mn
Dec 31, 2015 847.00 Mn
Sep 30, 2015 -197.00 Mn
Sep 30, 2015 -197.00 Mn
Jun 30, 2015 628.00 Mn
Jun 30, 2015 628.00 Mn
Mar 31, 2015 235.00 Mn
Mar 31, 2015 235.00 Mn
Dec 31, 2014 3.00 Mn
Dec 31, 2014 3.00 Mn
Sep 30, 2014 -242.00 Mn
Sep 30, 2014 -242.00 Mn
Jun 30, 2014 350.00 Mn
Jun 30, 2014 350.00 Mn
Mar 31, 2014 225.00 Mn
Mar 31, 2014 225.00 Mn
Dec 31, 2013 144.00 Mn
Dec 31, 2013 144.00 Mn
Sep 30, 2013 462.00 Mn
Sep 30, 2013 462.00 Mn
Jun 30, 2013 212.00 Mn
Jun 30, 2013 212.00 Mn
Mar 31, 2013 122.00 Mn
Mar 31, 2013 122.00 Mn
Dec 31, 2012 124.00 Mn
Dec 31, 2012 124.00 Mn
Sep 30, 2012 138.00 Mn
Sep 30, 2012 138.00 Mn
Jun 30, 2012 333.00 Mn
Jun 30, 2012 333.00 Mn
Mar 31, 2012 102.00 Mn
Mar 31, 2012 102.00 Mn
Dec 31, 2011 69.00 Mn
Dec 31, 2011 69.00 Mn
Sep 30, 2011 235.40 Mn
Sep 30, 2011 235.40 Mn
Jun 30, 2011 378.10 Mn
Jun 30, 2011 378.10 Mn
Mar 31, 2011 -20.50 Mn
Mar 31, 2011 -20.50 Mn
Dec 31, 2010 43.60 Mn
Dec 31, 2010 43.60 Mn
Sep 30, 2010 260.60 Mn
Sep 30, 2010 260.60 Mn
Jun 30, 2010 193.20 Mn
Jun 30, 2010 193.20 Mn
Mar 31, 2010 28.60 Mn
Mar 31, 2010 28.60 Mn
Dec 31, 2009 303.80 Mn
Dec 31, 2009 303.80 Mn
Sep 30, 2009 143.40 Mn
Sep 30, 2009 143.40 Mn