Alaska Air (ALK) Gross Margin (2009 - 2026)
Alaska Air (ALK) reported Gross Margin of 97.0% for Q1 2026, up 532.0% year-over-year from 15.35% in Q1 2025, and up 132.24% on a QoQ basis from 41.77% in Q4 2025.
Alaska Air (ALK) has 18 years of Gross Margin data on file, last reported at 97.0% in Q1 2026.
- Quarterly Gross Margin rose 532.0% year-over-year to 97.0% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 83.16% (up 1805.0% YoY) and the FY2025 annual result came in at 79.78%, up 114.0% from the prior year.
- Gross Margin advanced to 97.0% in Q1 2026 per ALK's latest filing, from 41.77% in the prior quarter.
- Across five years, Gross Margin topped out at 147.12% in Q4 2023 and bottomed at 120.14% in Q4 2024.
- The 5-year median for Gross Margin is 92.68% (2022), against an average of 74.85%.
- The widest annual swing landed in 2024, when Gross Margin tumbled 26726 bps; it then jumped 16191 bps in 2025.
- Tracing ALK's Gross Margin over 5 years: stood at 79.87% in 2022, then soared by 84 bps to 147.12% in 2023, then tumbled by 182 bps to 120.14% in 2024, then soared by 135 bps to 41.77% in 2025, then surged by 132 bps to 97.0% in 2026.
- Per Business Quant, the three latest ALK Gross Margin figures stand at 97.0% (Q1 2026), 41.77% (Q4 2025), and 97.16% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 95.80% |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 85.69% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | -314.47% |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | - |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 97.00% |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 91.21% |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 74.12% |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 83.66% |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 97.03% |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 72.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 97.00% |
| Dec 31, 2025 | 41.77% |
| Sep 30, 2025 | 97.16% |
| Jun 30, 2025 | 97.17% |
| Mar 31, 2025 | 91.68% |
| Dec 31, 2024 | -120.14% |
| Sep 30, 2024 | 13.68% |
| Jun 30, 2024 | 93.58% |
| Mar 31, 2024 | 96.55% |
| Dec 31, 2023 | 147.12% |
| Sep 30, 2023 | 93.48% |
| Jun 30, 2023 | 97.15% |
| Mar 31, 2023 | 91.94% |
| Dec 31, 2022 | 79.87% |
| Sep 30, 2022 | 92.68% |
| Jun 30, 2022 | 70.81% |
| Mar 31, 2022 | 90.96% |
| Dec 31, 2021 | 50.97% |
| Sep 30, 2021 | 97.49% |
| Jun 30, 2021 | 92.34% |
| Mar 31, 2021 | 95.86% |
| Dec 31, 2020 | 125.87% |
| Sep 30, 2020 | 82.17% |
| Jun 30, 2020 | 85.99% |
| Mar 31, 2020 | 76.53% |
| Dec 31, 2019 | 26.30% |
| Sep 30, 2019 | 79.66% |
| Jun 30, 2019 | 94.06% |
| Mar 31, 2019 | 77.61% |
| Dec 31, 2018 | 26.70% |
| Sep 30, 2018 | 96.43% |
| Jun 30, 2018 | 93.46% |
| Mar 31, 2018 | 92.30% |
| Dec 31, 2017 | 39.75% |
| Sep 30, 2017 | 92.89% |
| Jun 30, 2017 | 83.63% |
| Mar 31, 2017 | 91.82% |
| Dec 31, 2016 | 95.47% |
| Sep 30, 2016 | 85.63% |
| Jun 30, 2016 | -644.44% |
| Mar 31, 2016 | 95.68% |
| Dec 31, 2015 | 98.86% |
| Sep 30, 2015 | 81.11% |
| Jun 30, 2015 | 98.05% |
| Mar 31, 2015 | 81.48% |
| Dec 31, 2014 | 372.73% |
| Sep 30, 2014 | 98.36% |
| Mar 31, 2014 | 96.24% |
| Dec 31, 2013 | 103.72% |
| Sep 30, 2013 | -115.63% |
| Jun 30, 2013 | -1,140.00% |
| Mar 31, 2013 | 96.65% |
| Dec 31, 2012 | 106.23% |
| Mar 31, 2012 | 93.84% |
| Dec 31, 2011 | 110.60% |
| Sep 30, 2011 | -1,305.02% |
| Jun 30, 2011 | 98.46% |
| Mar 31, 2011 | -59.84% |
| Dec 31, 2010 | 331.76% |
| Sep 30, 2010 | -69.39% |
| Jun 30, 2010 | 94.56% |
| Mar 31, 2010 | 75.01% |
| Dec 31, 2009 | 95.92% |
| Sep 30, 2009 | -33.57% |
| Jun 30, 2009 | 95.34% |