Alaska Air (ALK) Net Margin (2009 - 2026)
Alaska Air (ALK) posted quarterly 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 reported Net Margin for 18 consecutive years, with 5.85% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 56.0% year-over-year to 5.85%; the TTM figure through Mar 2026 stood at 0.51% (down 311.0% YoY), while the FY2025 annual figure was 0.7%, down 266.0% from the prior year.
- Net Margin retreated to 5.85% in Q1 2026 per ALK's latest filing, from 0.58% in the prior quarter.
- Across five years, Net Margin topped out at 8.46% in Q2 2023 and bottomed at 8.51% in Q1 2022.
- Historically, Net Margin has averaged 1.14% across 5 years, with a median of 1.41% in 2022.
- Annual changes were most pronounced in 2022 — Net Margin sank 2077 bps — and 2024, when it surged 825 bps.
- Alaska Air's Net Margin stood at 0.89% in 2022, then plunged by 109 bps to 0.08% in 2023, then surged 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.
- 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 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 8.12% |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | 14.23% |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 2.76% |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 8.16% |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | -1.87% |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 9.13% |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | -9.16% |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | -0.51% |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | -7.04% |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 5.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -1.87% |
| 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% |