Alaska Air (ALK) Gross Margin (2009 - 2026)
Alaska Air's (ALK) quarterly Gross Margin came in at 92.57% in Q2 2026, down 76.0% year-over-year from 385.71% in Q2 2025, and up 1.93% quarter-over-quarter from 90.82% in Q1 2026.
Powered by 
Analysis
Alaska Air (ALK) Gross Margin (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has reported Gross Margin for 18 consecutive years, with 92.57% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 76.0% year-over-year to 92.57% in Q2 2026; TTM through Jun 2026 was 92.18%, a 118.0% increase from a year earlier, with the FY2025 full-year figure at 92.57%, down 15.0% from the prior year.
- Gross Margin was 92.57% for Q2 2026 at Alaska Air, up from 90.82% in the prior quarter.
- Over five years, Gross Margin peaked at 93.59% in Q2 2023 and troughed at 69.97% in Q4 2024.
- A 5-year average of 91.26% and a median of 92.69% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin tumbled 2279 bps in 2024 and jumped 2194 bps in 2025, its largest moves.
- Over 5 years, Gross Margin stood at 92.7% in 2022, then rose by 0 bps to 92.75% in 2023, then fell by 25 bps to 69.97% in 2024, then jumped by 31 bps to 91.91% in 2025, then rose by 1 bps to 92.57% in 2026.
- The last three Gross Margin figures came in at 92.57% (Q2 2026), 90.82% (Q1 2026), and 91.91% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.13 Bn | 46.46 Bn | 19.07 Bn | 96.52% |
| 2 | Ryanair Holdings | 27.96 Bn | 24.02 Bn | - | - |
| 3 | Southwest Airlines | 18.74 Bn | 14.95 Bn | 7.33 Bn | 86.94% |
| 4 | Copa Holdings | 5.29 Bn | 4.03 Bn | 1.03 Bn | 97.11% |
| 5 | Alaska Air | 4.45 Bn | 1.79 Bn | 3.76 Bn | 92.57% |
| 6 | Skywest | 3.74 Bn | 3.14 Bn | 1.01 Bn | 91.70% |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.23 Bn | 1.19 Bn | - | - |
| 8 | Allegiant Travel | 1.73 Bn | 672.65 Mn | 902.77 Mn | 95.68% |
| 9 | Jetblue Airways | 1.66 Bn | -360.40 Mn | 2.32 Bn | 85.95% |
| 10 | Frontier Group Holdings | 1.27 Bn | 319.08 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 92.57% |
| Mar 31, 2026 | 90.82% |
| Dec 31, 2025 | 91.91% |
| Sep 30, 2025 | 93.20% |
| Jun 30, 2025 | 93.33% |
| Mar 31, 2025 | 91.68% |
| Dec 31, 2024 | 69.97% |
| Sep 30, 2024 | 93.42% |
| Jun 30, 2024 | 93.58% |
| Mar 31, 2024 | 90.82% |
| Dec 31, 2023 | 92.75% |
| Sep 30, 2023 | 93.48% |
| Jun 30, 2023 | 93.59% |
| Mar 31, 2023 | 91.94% |
| Dec 31, 2022 | 92.70% |
| Sep 30, 2022 | 92.68% |
| Jun 30, 2022 | 93.34% |
| Mar 31, 2022 | 90.96% |
| Dec 31, 2021 | 91.63% |
| Sep 30, 2021 | 93.55% |