Alaska Air (ALK) Operating Income (2009 - 2026)
Alaska Air (ALK) reported Operating Income of -$279.0 million for Q1 2026, down 41.62% year-over-year from -$477.9 million in Q1 2025, and down 472.0% on a QoQ basis from $75.0 million in Q4 2025.
Alaska Air (ALK) has 18 years of Operating Income data on file, last reported at -$279.0 million in Q1 2026.
- Quarterly Operating Income fell 41.62% year-over-year to -$279.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $221.0 million (up 51.37% YoY) and the FY2025 annual result came in at $303.0 million, down 46.84% from the prior year.
- Operating Income declined to -$279.0 million in Q1 2026 per ALK's latest filing, from $75.0 million in the prior quarter.
- Across five years, Operating Income topped out at $337.0 million in Q2 2023 and bottomed at -$279.0 million in Q1 2026.
- The 5-year median for Operating Income is $62.0 million (2022), against an average of $39.1 million.
- The widest annual swing landed in 2024, when Operating Income sank 124.64%; it then surged 384.62% in 2025.
- Tracing ALK's Operating Income over 5 years: stood at $23.0 million in 2022, then jumped by 39.13% to $32.0 million in 2023, then jumped by 128.12% to $73.0 million in 2024, then increased by 2.74% to $75.0 million in 2025, then plunged by 472.0% to -$279.0 million in 2026.
- Per Business Quant, the three latest ALK Operating Income figures stand at -$279.0 million (Q1 2026), $75.0 million (Q4 2025), and $148.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 501.00 Mn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 330.00 Mn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 142.00 Mn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | -21.00 Mn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | -279.00 Mn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 123.69 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 209.59 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | -224.00 Mn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 81.10 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | -283.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -279.00 Mn |
| Dec 31, 2025 | 75.00 Mn |
| Sep 30, 2025 | 148.00 Mn |
| Jun 30, 2025 | 277.00 Mn |
| Mar 31, 2025 | -197.00 Mn |
| Dec 31, 2024 | 73.00 Mn |
| Sep 30, 2024 | -52.00 Mn |
| Jun 30, 2024 | 322.00 Mn |
| Mar 31, 2024 | -166.00 Mn |
| Dec 31, 2023 | 32.00 Mn |
| Sep 30, 2023 | 211.00 Mn |
| Jun 30, 2023 | 337.00 Mn |
| Mar 31, 2023 | -186.00 Mn |
| Dec 31, 2022 | 23.00 Mn |
| Sep 30, 2022 | 62.00 Mn |
| Jun 30, 2022 | 187.00 Mn |
| Mar 31, 2022 | -202.00 Mn |
| Dec 31, 2021 | 39.00 Mn |
| Sep 30, 2021 | 258.00 Mn |
| Jun 30, 2021 | 549.00 Mn |
| Mar 31, 2021 | -161.00 Mn |
| Dec 31, 2020 | -595.00 Mn |
| Sep 30, 2020 | -571.00 Mn |
| Jun 30, 2020 | -288.00 Mn |
| Mar 31, 2020 | -321.00 Mn |
| Dec 31, 2019 | 252.00 Mn |
| Sep 30, 2019 | 422.00 Mn |
| Jun 30, 2019 | 364.00 Mn |
| Mar 31, 2019 | 25.00 Mn |
| Dec 31, 2018 | 46.00 Mn |
| Sep 30, 2018 | 297.00 Mn |
| Jun 30, 2018 | 271.00 Mn |
| Mar 31, 2018 | 29.00 Mn |
| Dec 31, 2017 | 137.00 Mn |
| Sep 30, 2017 | 427.00 Mn |
| Jun 30, 2017 | 487.00 Mn |
| Mar 31, 2017 | 157.00 Mn |
| Dec 31, 2016 | 198.00 Mn |
| Sep 30, 2016 | 400.00 Mn |
| Jun 30, 2016 | 418.00 Mn |
| Mar 31, 2016 | 290.00 Mn |
| Dec 31, 2015 | 255.00 Mn |
| Sep 30, 2015 | 433.00 Mn |
| Jun 30, 2015 | 372.00 Mn |
| Mar 31, 2015 | 238.00 Mn |
| Dec 31, 2014 | 242.00 Mn |
| Sep 30, 2014 | 316.00 Mn |
| Jun 30, 2014 | 263.00 Mn |
| Mar 31, 2014 | 141.00 Mn |
| Dec 31, 2013 | 130.00 Mn |
| Sep 30, 2013 | 470.00 Mn |
| Jun 30, 2013 | 174.00 Mn |
| Mar 31, 2013 | 64.00 Mn |
| Dec 31, 2012 | 74.00 Mn |
| Sep 30, 2012 | 269.00 Mn |
| Jun 30, 2012 | 116.00 Mn |
| Mar 31, 2012 | 72.00 Mn |
| Dec 31, 2011 | 114.20 Mn |
| Sep 30, 2011 | 143.20 Mn |
| Jun 30, 2011 | 57.80 Mn |
| Mar 31, 2011 | 133.80 Mn |
| Dec 31, 2010 | 118.70 Mn |
| Sep 30, 2010 | 216.90 Mn |
| Jun 30, 2010 | 109.70 Mn |
| Mar 31, 2010 | 25.70 Mn |
| Dec 31, 2009 | 52.80 Mn |
| Sep 30, 2009 | 159.80 Mn |
| Jun 30, 2009 | 66.70 Mn |