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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.

  • Quarterly Operating Expenses rose 2.77% to $3.6 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $13.9 billion through Dec 2025, up 24.82% year-over-year, with the annual reading at $13.9 billion for FY2025, 24.82% up from the prior year.
  • Operating Expenses for Q4 2025 was $3.6 billion at Alaska Air, down from $3.6 billion in the prior quarter.
  • The five-year high for Operating Expenses was $3.6 billion in Q3 2025, with the low at $958.0 million in Q1 2021.
  • Average Operating Expenses over 5 years is $2.5 billion, with a median of $2.5 billion recorded in 2023.
  • The sharpest move saw Operating Expenses tumbled 51.05% in 2021, then surged 152.66% in 2022.
  • Over 5 years, Operating Expenses stood at $1.9 billion in 2021, then surged by 32.04% to $2.5 billion in 2022, then increased by 2.65% to $2.5 billion in 2023, then surged by 37.29% to $3.5 billion in 2024, then grew by 2.77% to $3.6 billion in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $3.6 billion, $3.6 billion, and $3.4 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.