Alaska Air (ALK) Free Cash Flow (2009 - 2026)
Alaska Air's (ALK) quarterly Free Cash Flow came in at $107.0 million in Q2 2026, down 63.1% year-over-year from $290.0 million in Q2 2025, and down 72.63% quarter-over-quarter from $391.0 million in Q1 2026.
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Alaska Air (ALK) Free Cash Flow (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has reported Free Cash Flow for 18 consecutive years, with $107.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Free Cash Flow fell 63.1% year-over-year to $107.0 million in Q2 2026; TTM through Jun 2026 was $731.0 million, a 36.43% decrease from a year earlier, with the FY2025 full-year figure at $940.0 million, down 19.73% from the prior year.
- Free Cash Flow was $107.0 million for Q2 2026 at Alaska Air, down from $391.0 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $748.0 million in Q4 2022 and troughed at -$141.0 million in Q3 2022.
- A 5-year average of $257.1 million and a median of $231.5 million in 2023 frame the typical range for Free Cash Flow.
- The widest YoY moves for Free Cash Flow: up 9900.0% in 2023, down 116.84% in 2023.
- Over 5 years, Free Cash Flow stood at $748.0 million in 2022, then slumped by 116.84% to -$126.0 million in 2023, then soared by 245.24% to $183.0 million in 2024, then tumbled by 48.09% to $95.0 million in 2025, then climbed by 12.63% to $107.0 million in 2026.
- The last three Free Cash Flow figures came in at $107.0 million (Q2 2026), $391.0 million (Q1 2026), and $95.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 52.35 Bn | 47.68 Bn | 19.07 Bn | 2.38 Bn |
| 2 | Ryanair Holdings | 27.93 Bn | 24.00 Bn | - | 1.95 Bn |
| 3 | Southwest Airlines | 20.05 Bn | 16.26 Bn | 7.33 Bn | -288.00 Mn |
| 4 | Copa Holdings | 5.42 Bn | 4.16 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.52 Bn | 1.86 Bn | 3.76 Bn | 107.00 Mn |
| 6 | Skywest | 3.74 Bn | 3.14 Bn | 1.01 Bn | 283.85 Mn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.25 Bn | 1.21 Bn | - | 83.00 Mn |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn | -74.63 Mn |
| 9 | Jetblue Airways | 1.65 Bn | -372.51 Mn | 2.32 Bn | -377.00 Mn |
| 10 | Frontier Group Holdings | 1.34 Bn | 384.76 Mn | - | 119.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 107.00 Mn |
| Mar 31, 2026 | 391.00 Mn |
| Dec 31, 2025 | 95.00 Mn |
| Sep 30, 2025 | 138.00 Mn |
| Jun 30, 2025 | 290.00 Mn |
| Mar 31, 2025 | 417.00 Mn |
| Dec 31, 2024 | 183.00 Mn |
| Sep 30, 2024 | 260.00 Mn |
| Jun 30, 2024 | 480.00 Mn |
| Mar 31, 2024 | 248.00 Mn |
| Dec 31, 2023 | -126.00 Mn |
| Sep 30, 2023 | 215.00 Mn |
| Jun 30, 2023 | 621.00 Mn |
| Mar 31, 2023 | 98.00 Mn |
| Dec 31, 2022 | 748.00 Mn |
| Sep 30, 2022 | -141.00 Mn |
| Jun 30, 2022 | 604.00 Mn |
| Mar 31, 2022 | -1.00 Mn |
| Dec 31, 2021 | 27.00 Mn |
| Sep 30, 2021 | -194.00 Mn |
API Access
Alaska Air Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=ALK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "ALK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=ALK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();