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
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