Alaska Air (ALK) Interest Coverage Ratio (2009 - 2026)
Alaska Air (ALK) posted quarterly Interest Coverage Ratio of 3.67 for Q1 2026, down 24.85% year-over-year from 4.89 in Q1 2025, and down 569.89% quarter-over-quarter from 0.78 in Q4 2025.
Alaska Air (ALK) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has reported Interest Coverage Ratio for 18 consecutive years, with 3.67 the latest figure, recorded in Q1 2026.
- In Q1 2026, Interest Coverage Ratio fell 24.85% year-over-year to 3.67; the TTM figure through Mar 2026 stood at 0.72 (down 61.66% YoY), while the FY2025 annual figure was 0.87, down 60.9% from the prior year.
- Interest Coverage Ratio declined to 3.67 in Q1 2026 per ALK's latest filing, from 0.78 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 25.92 in Q2 2023 and bottomed at 5.81 in Q1 2023.
- Historically, Interest Coverage Ratio has averaged 3.35 across 5 years, with a median of 0.78 in 2025.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio sank 85.26% — and 2024, when it soared 325.51%.
- Alaska Air's Interest Coverage Ratio stood at 0.64 in 2022, then tumbled by 80.96% to 0.12 in 2023, then jumped by 325.51% to 0.52 in 2024, then jumped by 50.9% to 0.78 in 2025, then plunged by 569.89% to 3.67 in 2026.
- Business Quant data shows ALK's Interest Coverage Ratio at 3.67 in Q1 2026, 0.78 in Q4 2025, and 2.11 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 54.01 Bn | 49.34 Bn | 19.07 Bn | - |
| 2 | Ryanair Holdings | 29.14 Bn | 25.93 Bn | - | - |
| 3 | Southwest Airlines | 19.67 Bn | 15.88 Bn | 7.33 Bn | 4.45 |
| 4 | Copa Holdings | 5.37 Bn | 4.11 Bn | 1.03 Bn | -3.25 |
| 5 | Alaska Air | 4.50 Bn | 1.84 Bn | 3.76 Bn | -1.95 |
| 6 | Skywest | 4.02 Bn | 3.41 Bn | 1.01 Bn | 6.25 |
| 7 | Allegiant Travel | 1.83 Bn | 773.09 Mn | 902.77 Mn | 0.53 |
| 8 | Jetblue Airways | 1.78 Bn | -240.11 Mn | 2.32 Bn | -0.96 |
| 9 | Frontier Group Holdings | 1.33 Bn | 375.42 Mn | - | -9.70 |
| 10 | Republic Airways Holdings | 850.63 Mn | 573.03 Mn | 487.40 Mn | 3.49 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -1.95 |
| Mar 31, 2026 | -3.67 |
| Dec 31, 2025 | 0.78 |
| Sep 30, 2025 | 2.11 |
| Jun 30, 2025 | 4.20 |
| Mar 31, 2025 | -2.94 |
| Dec 31, 2024 | 0.52 |
| Sep 30, 2024 | 7.75 |
| Jun 30, 2024 | 8.94 |
| Mar 31, 2024 | -4.74 |
| Dec 31, 2023 | 0.12 |
| Sep 30, 2023 | 14.07 |
| Jun 30, 2023 | 25.92 |
| Mar 31, 2023 | -5.81 |
| Dec 31, 2022 | 0.64 |
| Sep 30, 2022 | 3.88 |
| Jun 30, 2022 | 11.00 |
| Mar 31, 2022 | -5.77 |
| Dec 31, 2021 | 4.33 |
| Sep 30, 2021 | 12.90 |