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% quarter-over-quarter from -$659.0 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 $391.0 million in Q1 2026.
- Free Cash Flow for Q1 2026 came in at $391.0 million, down 6.24% year-over-year; the trailing twelve-month figure through Mar 2026 was $160.0 million (down 80.39% YoY), and the FY2025 annual result was $186.0 million, down 71.25% from the prior year.
- Free Cash Flow climbed to $391.0 million in Q1 2026 per ALK's latest filing, from -$659.0 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $951.0 million in Q2 2022 and troughed at -$719.0 million in Q3 2022.
- A 5-year average of $191.7 million and a median of $248.0 million in 2024 frame the typical range for Free Cash Flow.
- On a YoY basis, Free Cash Flow climbed as much as 1114.29% in 2022 and fell as far as 461.72% in 2022.
- A 5-year view of Free Cash Flow shows it stood at $765.0 million in 2022, then slumped by 116.47% to -$126.0 million in 2023, then tumbled by 237.3% to -$425.0 million in 2024, then slumped by 55.06% to -$659.0 million in 2025, then soared by 159.33% to $391.0 million in 2026.
- Business Quant data shows ALK's Free Cash Flow at $391.0 million in Q1 2026, -$659.0 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 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | - |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | 1.43 Bn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | 201.00 Mn |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 788.00 Mn |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | -949.97 Mn |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | 391.00 Mn |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 130.43 Mn |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | 251.00 Mn |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | -6.00 Mn |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 222.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |