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Alaska Air (ALK) Operating Expenses (2016 - 2025)

Alaska Air (ALK) has disclosed Operating Expenses for 17 consecutive years, with $3.6 billion as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 2.77% to $3.6 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $13.9 billion, a 24.82% increase, with the full-year FY2025 number at $13.9 billion, up 24.82% from a year prior.
  • Operating Expenses was $3.6 billion for Q4 2025 at Alaska Air, down from $3.6 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $3.6 billion in Q3 2025 to a low of $958.0 million in Q1 2021.
  • A 5-year average of $2.5 billion and a median of $2.5 billion in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: plummeted 51.05% in 2021, then skyrocketed 152.66% in 2022.
  • Alaska Air's Operating Expenses stood at $1.9 billion in 2021, then skyrocketed by 32.04% to $2.5 billion in 2022, then grew by 2.65% to $2.5 billion in 2023, then skyrocketed by 37.29% to $3.5 billion in 2024, then rose by 2.77% to $3.6 billion in 2025.
  • Per Business Quant, the three most recent readings for ALK's Operating Expenses are $3.6 billion (Q4 2025), $3.6 billion (Q3 2025), and $3.4 billion (Q2 2025).