Alaska Air (ALK) Net Margin (2009 - 2026)
Alaska Air's (ALK) quarterly Net Margin came in at 5.85% in Q1 2026, down 56.0% year-on-year from 13.29% in Q1 2025, and down 1111.51% on a QoQ basis 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.
- On a quarterly basis, Net Margin fell 56.0% year-over-year to 5.85% in Q1 2026; TTM through Mar 2026 was 0.51%, a 311.0% decrease from a year earlier, with the FY2025 full-year figure at 0.7%, down 266.0% from the prior year.
- Net Margin for Q1 2026 stood at 5.85%, down from 0.58% in the prior quarter.
- Over the last five years, Net Margin for ALK reached as high as 8.46% in Q2 2023 and fell as low as 8.51% in Q1 2022.
- Historically, Net Margin has averaged 1.14% across 5 years, with a median of 1.41% in 2022.
- Across the five-year window, Net Margin tumbled 2077 bps in 2022 and soared 825 bps in 2024, its largest moves.
- Year by year, Net Margin stood at 0.89% in 2022, then plunged by 109 bps to 0.08% in 2023, then jumped by 10529 bps to 8.17% in 2024, then sank by 93 bps to 0.58% in 2025, then slumped by 1112 bps to 5.85% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 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 | Latam Airlines | 29,341.35 Bn | 29,338.67 Bn | 1.28 Mn | 0.01% |
| 2 | Ryanair Holdings | 183.33 Bn | 180.79 Bn | - | - |
| 3 | Delta Air Lines | 53.61 Bn | 48.95 Bn | 19.07 Bn | 8.12% |
| 4 | Southwest Airlines | 21.85 Bn | 18.53 Bn | 7.33 Bn | 2.76% |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.69 Bn | 7.93 Bn | - | -14.78% |
| 6 | Copa Holdings | 5.59 Bn | 4.26 Bn | 713.71 Mn | 21.94% |
| 7 | Alaska Air | 5.12 Bn | 3.35 Bn | 3.20 Bn | -5.85% |
| 8 | Skywest | 3.85 Bn | 3.22 Bn | 1.01 Bn | 9.13% |
| 9 | Jetblue Airways | 1.85 Bn | 1.44 Bn | 1.87 Bn | -14.24% |
| 10 | Allegiant Travel | 1.72 Bn | 818.03 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 | 7.68% |
| 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% |