Alaska Air (ALK) Gross Margin (2009 - 2026)
Alaska Air's (ALK) quarterly Gross Margin came in at 97.0% in Q1 2026, up 19.0% year-on-year from 81.51% in Q1 2025, and up 22.07% on a QoQ basis from 79.46% 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.
- On a quarterly basis, Gross Margin rose 19.0% year-over-year to 97.0% in Q1 2026; TTM through Mar 2026 was 90.64%, a 305.0% decrease from a year earlier, with the FY2025 full-year figure at 92.57%, down 15.0% from the prior year.
- Gross Margin for Q1 2026 stood at 97.0%, up from 79.46% in the prior quarter.
- Over the last five years, Gross Margin for ALK reached as high as 109.72% in Q4 2022 and fell as low as 69.97% in Q4 2024.
- Historically, Gross Margin has averaged 93.75% across 5 years, with a median of 96.55% in 2022.
- Across the five-year window, Gross Margin plunged 2721 bps in 2024 and soared 949 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 109.72% in 2022, then dropped by 11 bps to 97.18% in 2023, then declined by 28 bps to 69.97% in 2024, then increased by 14 bps to 79.46% in 2025, then advanced by 22 bps to 97.0% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 97.0% in Q1 2026, 79.46% in Q4 2025, and 93.2% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 30,667.28 Bn | 30,664.61 Bn | 1.28 Mn | 0.03% |
| 2 | Ryanair Holdings | 60.44 Bn | 57.25 Bn | - | - |
| 3 | Delta Air Lines | 56.28 Bn | 51.61 Bn | 19.07 Bn | 96.52% |
| 4 | Southwest Airlines | 21.96 Bn | 18.17 Bn | 7.33 Bn | 86.94% |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.94 Bn | 8.12 Bn | - | - |
| 6 | Copa Holdings | 5.65 Bn | 4.31 Bn | 713.71 Mn | 74.12% |
| 7 | Alaska Air | 5.31 Bn | 3.54 Bn | 3.20 Bn | 97.00% |
| 8 | Skywest | 4.29 Bn | 3.68 Bn | 1.01 Bn | 91.70% |
| 9 | Jetblue Airways | 2.01 Bn | 1.60 Bn | 1.87 Bn | 83.66% |
| 10 | Allegiant Travel | 1.81 Bn | 908.61 Mn | 651.87 Mn | 97.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 97.00% |
| Dec 31, 2025 | 79.46% |
| Sep 30, 2025 | 93.20% |
| Jun 30, 2025 | 93.33% |
| Mar 31, 2025 | 96.81% |
| Dec 31, 2024 | 69.97% |
| Sep 30, 2024 | 97.33% |
| Jun 30, 2024 | 93.58% |
| Mar 31, 2024 | 96.55% |
| Dec 31, 2023 | 97.18% |
| Sep 30, 2023 | 97.04% |
| Jun 30, 2023 | 93.59% |
| Mar 31, 2023 | 91.94% |
| Dec 31, 2022 | 109.72% |
| Sep 30, 2022 | 97.10% |
| Jun 30, 2022 | 93.34% |
| Mar 31, 2022 | 96.55% |
| Dec 31, 2021 | 105.42% |
| Sep 30, 2021 | 93.55% |
| Jun 30, 2021 | 92.34% |