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% on a QoQ basis from 0.58% in Q4 2025.
Alaska Air (ALK) has 18 years of Net Margin data on file, last reported at 5.85% in Q1 2026.
- Quarterly Net Margin fell 56.0% year-over-year to 5.85% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.51% (down 465.0% YoY) and the FY2025 annual result came in at 0.7%, down 266.0% from the prior year.
- Net Margin declined 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 248.42% in Q3 2024 and bottomed at 8.51% in Q1 2022.
- The 5-year median for Net Margin is 1.41% (2022), against an average of 15.3%.
- The widest annual swing landed in 2024, when Net Margin jumped 24352 bps; it then plunged 24648 bps in 2025.
- Tracing ALK's Net Margin over 5 years: stood at 0.89% in 2022, then sank by 109 bps to 0.08% in 2023, then surged by 10529 bps to 8.17% in 2024, then slumped by 93 bps to 0.58% in 2025, then tumbled by 1112 bps to 5.85% in 2026.
- Per Business Quant, the three latest ALK Net Margin figures stand at 5.85% (Q1 2026), 0.58% (Q4 2025), and 1.94% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | -1.82% |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 3.13% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 17.11% |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | -13.90% |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | -5.85% |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 10.04% |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 19.94% |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | -14.24% |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 6.32% |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | -27.42% |
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% |
| Mar 31, 2021 | -16.44% |
| Dec 31, 2020 | -55.32% |
| Sep 30, 2020 | -61.48% |
| Jun 30, 2020 | -50.83% |
| Mar 31, 2020 | -14.18% |
| Dec 31, 2019 | 8.12% |
| Sep 30, 2019 | 13.48% |
| Jun 30, 2019 | 11.45% |
| Mar 31, 2019 | 0.21% |
| Dec 31, 2018 | 1.11% |
| Sep 30, 2018 | 9.81% |
| Jun 30, 2018 | 8.95% |
| Mar 31, 2018 | 0.22% |
| Dec 31, 2017 | 16.22% |
| Sep 30, 2017 | 12.27% |
| Jun 30, 2017 | 13.94% |
| Mar 31, 2017 | 5.81% |
| Dec 31, 2016 | 4.40% |
| Sep 30, 2016 | 16.35% |
| Jun 30, 2016 | 962.96% |
| Mar 31, 2016 | 16.24% |
| Dec 31, 2015 | -4.64% |
| Sep 30, 2015 | 21.13% |
| Jun 30, 2015 | 16.28% |
| Mar 31, 2015 | 11.74% |
| Dec 31, 2014 | -168.18% |
| Sep 30, 2014 | 13.52% |
| Mar 31, 2014 | 7.69% |
| Dec 31, 2013 | -2.50% |
| Sep 30, 2013 | 903.13% |
| Jun 30, 2013 | 346.67% |
| Mar 31, 2013 | 3.27% |
| Dec 31, 2012 | -1.44% |
| Mar 31, 2012 | 3.95% |
| Dec 31, 2011 | -2.39% |
| Sep 30, 2011 | 259.20% |
| Jun 30, 2011 | 2.59% |
| Mar 31, 2011 | 297.99% |
| Dec 31, 2010 | 253.73% |
| Sep 30, 2010 | 416.33% |
| Jun 30, 2010 | 6.62% |
| Mar 31, 2010 | 0.64% |
| Dec 31, 2009 | 2.85% |
| Sep 30, 2009 | 316.25% |
| Jun 30, 2009 | 3.84% |