Alaska Air (ALK) Free Cash Flow (2009 - 2026)
Alaska Air (ALK) posted quarterly Free Cash Flow of $113.0 million for Q1 2026, down 57.03% year-over-year from $263.0 million in Q1 2025, and down 39.89% quarter-over-quarter from $188.0 million in Q4 2025.
Alaska Air (ALK) Free Cash Flow (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has reported Free Cash Flow for 18 consecutive years, with $113.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow fell 57.03% year-over-year to $113.0 million; the TTM figure through Mar 2026 stood at $883.0 million (up 33.38% YoY), while the FY2025 annual figure was $1.0 billion, up 59.66% from the prior year.
- Free Cash Flow eased to $113.0 million in Q1 2026 per ALK's latest filing, from $188.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $489.0 million in Q4 2022 and bottomed at -$425.0 million in Q4 2024.
- Historically, Free Cash Flow has averaged $226.8 million across 5 years, with a median of $248.0 million in 2024.
- On a YoY basis, Free Cash Flow climbed as much as 2050.0% in 2024 and fell as far as 201.43% in 2024.
- Alaska Air's Free Cash Flow stood at $489.0 million in 2022, then decreased by 14.31% to $419.0 million in 2023, then slumped by 201.43% to -$425.0 million in 2024, then jumped by 144.24% to $188.0 million in 2025, then slumped by 39.89% to $113.0 million in 2026.
- Business Quant data shows ALK's Free Cash Flow at $113.0 million in Q1 2026, $188.0 million in Q4 2025, and $138.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.89 Bn | 49.22 Bn | 19.07 Bn | 2.38 Bn |
| 2 | Ryanair Holdings | 29.45 Bn | 26.24 Bn | - | 551.77 Mn |
| 3 | Southwest Airlines | 19.73 Bn | 15.94 Bn | 7.33 Bn | -288.00 Mn |
| 4 | Copa Holdings | 5.35 Bn | 4.09 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | 107.00 Mn |
| 6 | Skywest | 3.99 Bn | 3.38 Bn | 1.01 Bn | 283.85 Mn |
| 7 | Allegiant Travel | 1.86 Bn | 807.93 Mn | 902.77 Mn | -74.63 Mn |
| 8 | Jetblue Airways | 1.83 Bn | -189.37 Mn | 2.32 Bn | -377.00 Mn |
| 9 | Frontier Group Holdings | 1.36 Bn | 408.77 Mn | - | 119.00 Mn |
| 10 | Republic Airways Holdings | 853.83 Mn | 576.23 Mn | 487.40 Mn | 28.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 78.00 Mn |
| Jun 30, 2026 | 78.00 Mn |
| Mar 31, 2026 | 113.00 Mn |
| Mar 31, 2026 | 113.00 Mn |
| Dec 31, 2025 | 188.00 Mn |
| Dec 31, 2025 | 188.00 Mn |
| Sep 30, 2025 | 138.00 Mn |
| Sep 30, 2025 | 138.00 Mn |
| Jun 30, 2025 | 444.00 Mn |
| Jun 30, 2025 | 444.00 Mn |
| Mar 31, 2025 | 263.00 Mn |
| Mar 31, 2025 | 263.00 Mn |
| Dec 31, 2024 | -425.00 Mn |
| Dec 31, 2024 | -425.00 Mn |
| Sep 30, 2024 | 344.00 Mn |
| Sep 30, 2024 | 344.00 Mn |
| Jun 30, 2024 | 480.00 Mn |
| Jun 30, 2024 | 480.00 Mn |
| Mar 31, 2024 | 248.00 Mn |
| Mar 31, 2024 | 248.00 Mn |