Alaska Air (ALK) Free Cash Flow (2009 - 2026)
Alaska Air (ALK) reported Free Cash Flow of $83 million for Q1 2026, down 62.4% from $221 million a year earlier.
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Analysis
Alaska Air (ALK) Free Cash Flow (2009 - 2026) Analysis & Trends
For FY2025, Alaska Air posted Free Cash Flow of -$339 million.
- By year, Free Cash Flow came in at $183 million in FY2024, -$444 million in FY2023, -$253 million in FY2022 and $738 million in FY2021.
- Five-year quarterly Free Cash Flow spans a low of -$1.04 billion in Q4 2025 and a high of $765 million in Q2 2021.
- Year over year, Free Cash Flow gained in two of the last four quarters, with growth averaging 109.9%.
- The high point for year-over-year Free Cash Flow in five years was Q2 2024 (growth of 317.0%); the low point was Q2 2023 (a decline of 83.4%).
- Per Business Quant data, the three quarters before Q1 2026 came in at -$1.04 billion (Q4 2025), $607 million (Q3 2025) and -$127 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | 1.76 Bn |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | 2.41 Bn |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - | 1.02 Bn |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - | 669.34 Mn |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - | 1.79 Bn |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - | 736.00 Mn |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - | 300.00 Mn |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - | -1.67 Bn |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - | 402.43 Mn |
| 10 | Alaska Air | 4.34 Bn | -3.48 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 83.00 Mn |
| Dec 31, 2025 | -1.04 Bn |
| Sep 30, 2025 | 607.00 Mn |
| Jun 30, 2025 | -127.00 Mn |
| Mar 31, 2025 | 221.00 Mn |
| Dec 31, 2024 | -687.00 Mn |
| Sep 30, 2024 | 205.00 Mn |
| Jun 30, 2024 | 417.00 Mn |
| Mar 31, 2024 | 248.00 Mn |
| Dec 31, 2023 | -556.00 Mn |
| Sep 30, 2023 | -86.00 Mn |
| Jun 30, 2023 | 100.00 Mn |
| Mar 31, 2023 | 98.00 Mn |
| Dec 31, 2022 | -715.00 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 |
| Jun 30, 2021 | 765.00 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();