Alaska Air (ALK) Operating Income (2009 - 2026)
Alaska Air's (ALK) quarterly Operating Income came in at -$168.0 million in Q2 2026, down 160.65% year-over-year from $277.0 million in Q2 2025, and up 39.78% quarter-over-quarter from -$279.0 million in Q1 2026.
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Alaska Air (ALK) Operating Income (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has reported Operating Income for 18 consecutive years, with -$168.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Income fell 160.65% year-over-year to -$168.0 million in Q2 2026; TTM through Jun 2026 was -$224.0 million, a 145.34% decrease from a year earlier, with the FY2025 full-year figure at $303.0 million, down 46.84% from the prior year.
- Operating Income was -$168.0 million for Q2 2026 at Alaska Air, up from -$279.0 million in the prior quarter.
- Over five years, Operating Income peaked at $341.0 million in Q3 2024 and troughed at -$279.0 million in Q1 2026.
- A 5-year average of $49.4 million and a median of $67.5 million in 2022 frame the typical range for Operating Income.
- Across the five-year window, Operating Income surged 240.32% in 2023 and tumbled 160.65% in 2026, its largest moves.
- Over 5 years, Operating Income stood at $23.0 million in 2022, then surged by 39.13% to $32.0 million in 2023, then surged by 128.12% to $73.0 million in 2024, then rose by 2.74% to $75.0 million in 2025, then tumbled by 324.0% to -$168.0 million in 2026.
- The last three Operating Income figures came in at -$168.0 million (Q2 2026), -$279.0 million (Q1 2026), and $75.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 54.26 Bn | 49.60 Bn | 19.07 Bn | 1.86 Bn |
| 2 | Ryanair Holdings | 28.34 Bn | 24.41 Bn | - | 668.82 Mn |
| 3 | Southwest Airlines | 20.43 Bn | 16.64 Bn | 7.33 Bn | 285.00 Mn |
| 4 | Copa Holdings | 5.64 Bn | 4.38 Bn | 1.03 Bn | 91.66 Mn |
| 5 | Alaska Air | 4.67 Bn | 2.01 Bn | 3.76 Bn | -168.00 Mn |
| 6 | Skywest | 3.89 Bn | 3.29 Bn | 1.01 Bn | 155.83 Mn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.33 Bn | 1.29 Bn | - | 68.00 Mn |
| 8 | Allegiant Travel | 2.20 Bn | 1.15 Bn | 902.77 Mn | 21.11 Mn |
| 9 | Jetblue Airways | 1.72 Bn | -297.11 Mn | 2.32 Bn | -141.00 Mn |
| 10 | Frontier Group Holdings | 1.41 Bn | 453.81 Mn | - | -97.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -168.00 Mn |
| 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 | 341.00 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 |
API Access
Alaska Air Operating Income 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=operating-income&ticker=ALK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=ALK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();