Alaska Air (ALK) Net Margin (2009 - 2026)
Alaska Air's (ALK) quarterly Net Margin came in at 1.87% in Q2 2026, down 651.0% year-over-year from 0.34% in Q2 2025, and up 68.03% quarter-over-quarter from 5.85% in Q1 2026.
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Alaska Air (ALK) Net Margin (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has reported Net Margin for 18 consecutive years, with 1.87% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 651.0% year-over-year to 1.87% in Q2 2026; TTM through Jun 2026 was 1.19%, a 409.0% decrease from a year earlier, with the FY2025 full-year figure at 0.7%, down 266.0% from the prior year.
- Net Margin was 1.87% for Q2 2026 at Alaska Air, up from 5.85% in the prior quarter.
- Over five years, Net Margin peaked at 8.46% in Q2 2023 and troughed at 8.51% in Q1 2022.
- A 5-year average of 0.97% and a median of 1.15% in 2022 frame the typical range for Net Margin.
- Across the five-year window, Net Margin slumped 2077 bps in 2022 and jumped 825 bps in 2024, its largest moves.
- Over 5 years, Net Margin stood at 0.89% in 2022, then plunged by 109 bps to 0.08% in 2023, then soared by 10529 bps to 8.17% in 2024, then sank by 93 bps to 0.58% in 2025, then sank by 423 bps to 1.87% in 2026.
- The last three Net Margin figures came in at 1.87% (Q2 2026), 5.85% (Q1 2026), and 0.58% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 52.71 Bn | 48.04 Bn | 19.07 Bn | 8.12% |
| 2 | Ryanair Holdings | 28.90 Bn | 24.96 Bn | - | 12.26% |
| 3 | Southwest Airlines | 19.37 Bn | 15.58 Bn | 7.33 Bn | 2.76% |
| 4 | Copa Holdings | 5.44 Bn | 4.18 Bn | 1.03 Bn | 8.16% |
| 5 | Alaska Air | 4.69 Bn | 2.03 Bn | 3.76 Bn | -1.87% |
| 6 | Skywest | 3.85 Bn | 3.25 Bn | 1.01 Bn | 9.13% |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.30 Bn | 1.27 Bn | - | -3.92% |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn | -0.51% |
| 9 | Jetblue Airways | 1.75 Bn | -274.49 Mn | 2.32 Bn | -9.16% |
| 10 | Frontier Group Holdings | 1.37 Bn | 416.98 Mn | - | -7.04% |
Historic Data
Download Data
Historic 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% |