Alaska Air (ALK) Operating Income (2009 - 2026)

Alaska Air's (ALK) quarterly Operating Income came in at -$279.0 million in Q1 2026, down 41.62% year-on-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) Operating Income (2009 - 2026) Analysis & Trends

Alaska Air (ALK) has 18 years of Operating Income data on file, last reported at -$279.0 million in Q1 2026.

  • On a quarterly basis, Operating Income fell 41.62% year-over-year to -$279.0 million in Q1 2026; TTM through Mar 2026 was $221.0 million, a 59.0% decrease from a year earlier, with the FY2025 full-year figure at $303.0 million, down 46.84% from the prior year.
  • Operating Income for Q1 2026 stood at -$279.0 million, down from $75.0 million in the prior quarter.
  • Over the last five years, Operating Income for ALK reached as high as $341.0 million in Q3 2024 and fell as low as -$279.0 million in Q1 2026.
  • Historically, Operating Income has averaged $62.2 million across 5 years, with a median of $73.0 million in 2024.
  • Across the five-year window, Operating Income plunged 75.97% in 2022 and jumped 240.32% in 2023, its largest moves.
  • Year by year, Operating Income stood at $23.0 million in 2022, then soared by 39.13% to $32.0 million in 2023, then soared by 128.12% to $73.0 million in 2024, then grew by 2.74% to $75.0 million in 2025, then tumbled by 472.0% to -$279.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Income figures were -$279.0 million in Q1 2026, $75.0 million in Q4 2025, and $148.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Latam Airlines 29,341.35 Bn 29,338.67 Bn 1.28 Mn 822.52 Mn
2 Ryanair Holdings 183.33 Bn 180.79 Bn - 654.84 Mn
3 Delta Air Lines 53.61 Bn 48.95 Bn 19.07 Bn 1.86 Bn
4 Southwest Airlines 21.85 Bn 18.53 Bn 7.33 Bn 285.00 Mn
5 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.69 Bn 7.93 Bn - -99.00 Mn
6 Copa Holdings 5.59 Bn 4.26 Bn 713.71 Mn 209.59 Mn
7 Alaska Air 5.12 Bn 3.35 Bn 3.20 Bn -279.00 Mn
8 Skywest 3.85 Bn 3.22 Bn 1.01 Bn 155.83 Mn
9 Jetblue Airways 1.85 Bn 1.44 Bn 1.87 Bn -224.00 Mn
10 Allegiant Travel 1.72 Bn 818.03 Mn 651.87 Mn 81.10 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 549.00 Mn