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
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 |
| 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 |