Alaska Air (ALK) Net Margin (2009 - 2026)
Alaska Air (ALK) reported Net Margin of 5.85% for Q1 2026, down 56.0% year-over-year from 13.29% in Q1 2025, and down 1111.51% quarter-over-quarter from 0.58% in Q4 2025.
Alaska Air (ALK) Net Margin (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has 18 years of Net Margin data on file, last reported at 5.85% in Q1 2026.
- Net Margin for Q1 2026 came in at 5.85%, down 56.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.51% (down 465.0% YoY), and the FY2025 annual result was 0.7%, down 266.0% from the prior year.
- Net Margin eased to 5.85% in Q1 2026 per ALK's latest filing, from 0.58% in the prior quarter.
- Over five years, Net Margin peaked at 248.42% in Q3 2024 and troughed at 8.51% in Q1 2022.
- A 5-year average of 15.3% and a median of 1.41% in 2022 frame the typical range for Net Margin.
- The sharpest annual moves came in 2024 and 2025: Net Margin soared 24352 bps in 2024, then slumped 24648 bps in 2025.
- A 5-year view of Net Margin shows it stood at 0.89% in 2022, then tumbled by 109 bps to 0.08% in 2023, then jumped by 10529 bps to 8.17% in 2024, then plunged by 93 bps to 0.58% in 2025, then sank by 1112 bps to 5.85% in 2026.
- Business Quant data shows ALK's Net Margin at 5.85% in Q1 2026, 0.58% in Q4 2025, and 1.94% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | -19.61% |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | -1.82% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | 17.11% |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 3.13% |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 19.94% |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | -5.85% |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 10.04% |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | -13.90% |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | -14.24% |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 6.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.85% |
| Dec 31, 2025 | 0.58% |
| Sep 30, 2025 | 1.94% |
| Jun 30, 2025 | 4.64% |
| Mar 31, 2025 | -5.29% |
| Dec 31, 2024 | 8.17% |
| Sep 30, 2024 | 248.42% |
| Jun 30, 2024 | 7.59% |
| Mar 31, 2024 | -5.91% |
| Dec 31, 2023 | -0.08% |
| Sep 30, 2023 | 4.90% |
| Jun 30, 2023 | 8.46% |
| Mar 31, 2023 | -6.47% |
| Dec 31, 2022 | 0.89% |
| Sep 30, 2022 | 1.41% |
| Jun 30, 2022 | 5.23% |
| Mar 31, 2022 | -8.51% |
| Dec 31, 2021 | 0.95% |
| Sep 30, 2021 | 9.93% |
| Jun 30, 2021 | 26.00% |