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% quarter-over-quarter from 41.77% in Q4 2025.
Alaska Air (ALK) Gross Margin (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has 18 years of Gross Margin data on file, last reported at 97.0% in Q1 2026.
- Gross Margin for Q1 2026 came in at 97.0%, up 532.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 83.16% (up 1805.0% YoY), and the FY2025 annual result was 79.78%, up 114.0% from the prior year.
- Gross Margin grew to 97.0% in Q1 2026 per ALK's latest filing, from 41.77% in the prior quarter.
- Over five years, Gross Margin peaked at 147.12% in Q4 2023 and troughed at 120.14% in Q4 2024.
- A 5-year average of 74.85% and a median of 92.68% in 2022 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin sank 26726 bps in 2024, then soared 16191 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 79.87% in 2022, then surged by 84 bps to 147.12% in 2023, then sank by 182 bps to 120.14% in 2024, then surged by 135 bps to 41.77% in 2025, then jumped by 132 bps to 97.0% in 2026.
- Business Quant data shows ALK's Gross Margin at 97.0% in Q1 2026, 41.77% in Q4 2025, and 97.16% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | 52.58% |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | 95.80% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | -314.47% |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 85.69% |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 74.12% |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | 97.00% |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 91.21% |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | - |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | 83.66% |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 97.03% |
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% |