Alaska Air (ALK) Non-Current Debt (2009 - 2026)
Alaska Air's Non-Current Debt came in at $5.78 billion for Q2 2026, up 30.0% from $4.45 billion a year earlier and up 19.9% from the prior quarter.
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Analysis
Alaska Air (ALK) Non-Current Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Alaska Air's Non-Current Debt was $4.83 billion, up 6.5% from FY2024.
- Non-Current Debt has increased in each of the last three years, with a five-year compound annual growth rate of 15.4% (FY2020 to FY2025).
- Going back by year, Non-Current Debt was $4.54 billion in FY2024 (+108.0%), $2.18 billion in FY2023 (+15.9%), $1.88 billion in FY2022 (-13.3%) and $2.17 billion in FY2021 (-7.8%).
- The Q2 2026 figure represents the highest quarterly Non-Current Debt in data going back to Q4 2009.
- Year-over-year, Non-Current Debt has increased for 12 consecutive quarters, with growth averaging 55.3% over the last eight quarters.
- The fastest year-over-year change in Non-Current Debt over five years came in Q4 2024 (growth of 108.0%), and the weakest in Q3 2021 (a decline of 16.7%).
- Business Quant data shows ALK's Non-Current Debt at $4.82 billion (Q1 2026), $4.83 billion (Q4 2025) and $4.49 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 171.93 Bn | 166.45 Bn | - | 29.04 Bn |
| 2 | Csx | 89.32 Bn | 85.53 Bn | - | 17.16 Bn |
| 3 | United Parcel Service | 83.51 Bn | 60.41 Bn | - | 23.85 Bn |
| 4 | Canadian Pacific Kansas City | 77.76 Bn | 76.77 Bn | - | 15.66 Bn |
| 5 | Norfolk Southern | 73.27 Bn | 67.91 Bn | - | 15.97 Bn |
| 6 | Fedex | 70.10 Bn | 36.04 Bn | - | 23.29 Bn |
| 7 | Delta Air Lines | 49.04 Bn | 31.22 Bn | - | 9.53 Bn |
| 8 | Old Dominion Freight Line | 39.12 Bn | 38.38 Bn | - | - |
| 9 | United Airlines Holdings | 31.18 Bn | -25.20 Bn | - | 24.29 Bn |
| 10 | Alaska Air | 3.80 Bn | -4.02 Bn | - | 5.78 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.78 Bn |
| Mar 31, 2026 | 4.82 Bn |
| Dec 31, 2025 | 4.83 Bn |
| Sep 30, 2025 | 4.49 Bn |
| Jun 30, 2025 | 4.45 Bn |
| Mar 31, 2025 | 4.29 Bn |
| Dec 31, 2024 | 4.54 Bn |
| Sep 30, 2024 | 4.16 Bn |
| Jun 30, 2024 | 2.31 Bn |
| Mar 31, 2024 | 2.26 Bn |
| Dec 31, 2023 | 2.18 Bn |
| Sep 30, 2023 | 2.13 Bn |
| Jun 30, 2023 | 1.89 Bn |
| Mar 31, 2023 | 1.80 Bn |
| Dec 31, 2022 | 1.88 Bn |
| Sep 30, 2022 | 1.89 Bn |
| Jun 30, 2022 | 1.96 Bn |
| Mar 31, 2022 | 2.08 Bn |
| Dec 31, 2021 | 2.17 Bn |
| Sep 30, 2021 | 2.23 Bn |
API Access
Alaska Air Non-Current Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-current-debt&ticker=ALK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "ticker": "ALK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-current-debt&ticker=ALK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();