Alaska Air (ALK) Free Cash Flow (2009 - 2026)
Alaska Air (ALK) reported Free Cash Flow of $107 million for Q2 2026, down 63.1% from $290 million a year earlier and down 72.6% from the prior quarter.
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Analysis
Alaska Air (ALK) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Alaska Air's Free Cash Flow came in at $731 million, down 36.4% year-over-year; for FY2025, it came in at $940 million, down 19.7% from FY2024.
- By year, Free Cash Flow came in at $1.17 billion in FY2024 (+44.9%), $808 million in FY2023 (-33.2%), $1.21 billion in FY2022 (+64.0%) and $738 million in FY2021.
- Five-year quarterly Free Cash Flow spans a low of -$194 million in Q3 2021 and a high of $748 million in Q4 2022.
- Year over year, Free Cash Flow has now declined in each of the last five quarters, with an average decline of 16.4% over the last seven quarters.
- The high point for year-over-year Free Cash Flow in five years was Q1 2024 (growth of 153.1%); the low point was Q2 2026 (a decline of 63.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $391 million (Q1 2026), $95 million (Q4 2025) and $138 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 177.13 Bn | 169.38 Bn | - | 1.76 Bn |
| 2 | Csx | 95.25 Bn | 90.48 Bn | - | 1.02 Bn |
| 3 | Canadian Pacific Kansas City | 79.66 Bn | 79.37 Bn | - | 699.79 Mn |
| 4 | United Parcel Service | 76.08 Bn | 53.01 Bn | - | 166.00 Mn |
| 5 | Norfolk Southern | 75.89 Bn | 70.35 Bn | - | 736.00 Mn |
| 6 | Fedex | 71.92 Bn | 37.86 Bn | - | 1.79 Bn |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - | 300.00 Mn |
| 8 | Old Dominion Freight Line | 39.40 Bn | 38.66 Bn | - | 195.66 Mn |
| 9 | United Airlines Holdings | 33.14 Bn | -24.56 Bn | - | -1.67 Bn |
| 10 | Alaska Air | 3.95 Bn | -3.87 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();