Alaska Air (ALK) Operating Expenses (2009 - 2026)
Alaska Air (ALK) posted quarterly Operating Expenses of $3.6 billion for Q1 2026, up 7.35% year-over-year from $3.3 billion in Q1 2025, and up 0.62% quarter-over-quarter from $3.6 billion in Q4 2025.
Alaska Air (ALK) Operating Expenses (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has reported Operating Expenses for 18 consecutive years, with $3.6 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 7.35% year-over-year to $3.6 billion; the TTM figure through Mar 2026 stood at $14.2 billion (up 17.19% YoY), while the FY2025 annual figure was $13.9 billion, up 24.82% from the prior year.
- Operating Expenses advanced to $3.6 billion in Q1 2026 per ALK's latest filing, from $3.6 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $3.6 billion in Q3 2025 and bottomed at $1.9 billion in Q1 2022.
- Historically, Operating Expenses has averaged $2.8 billion across 5 years, with a median of $2.6 billion in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 152.66% — and 2023, when it slipped 4.99%.
- Alaska Air's Operating Expenses stood at $2.5 billion in 2022, then grew by 2.65% to $2.5 billion in 2023, then jumped by 37.29% to $3.5 billion in 2024, then climbed by 2.77% to $3.6 billion in 2025, then climbed by 0.62% to $3.6 billion in 2026.
- Business Quant data shows ALK's Operating Expenses at $3.6 billion in Q1 2026, $3.6 billion in Q4 2025, and $3.6 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 17.89 Bn |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | 4.43 Bn |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 8.15 Bn |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 967.68 Mn |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | 4.23 Bn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 946.92 Mn |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | 2.84 Bn |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 922.38 Mn |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | 1.38 Bn |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 512.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.23 Bn |
| Mar 31, 2026 | 3.58 Bn |
| Dec 31, 2025 | 3.56 Bn |
| Sep 30, 2025 | 3.62 Bn |
| Jun 30, 2025 | 3.43 Bn |
| Mar 31, 2025 | 3.33 Bn |
| Dec 31, 2024 | 3.46 Bn |
| Sep 30, 2024 | 2.73 Bn |
| Jun 30, 2024 | 2.58 Bn |
| Mar 31, 2024 | 2.40 Bn |
| Dec 31, 2023 | 2.52 Bn |
| Sep 30, 2023 | 2.63 Bn |
| Jun 30, 2023 | 2.50 Bn |
| Mar 31, 2023 | 2.38 Bn |
| Dec 31, 2022 | 2.46 Bn |
| Sep 30, 2022 | 2.77 Bn |
| Jun 30, 2022 | 2.47 Bn |
| Mar 31, 2022 | 1.88 Bn |
| Dec 31, 2021 | 1.86 Bn |
| Sep 30, 2021 | 1.70 Bn |