Alaska Air (ALK) Operating Leases (2019 - 2026)
Alaska Air (ALK) posted quarterly Operating Leases of $1.1 billion for Q1 2026, down 5.33% year-over-year from $1.2 billion in Q1 2025, and little changed quarter-over-quarter from $1.1 billion in Q4 2025.
Alaska Air (ALK) Operating Leases (2019 - 2026) Analysis & Trends
Alaska Air (ALK) has reported Operating Leases for 8 consecutive years, with $1.1 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Leases fell 5.33% year-over-year to $1.1 billion; the TTM figure through Mar 2026 stood at $1.1 billion (down 5.33% YoY), while the FY2025 annual figure was $1.1 billion, down 4.76% from the prior year.
- Operating Leases was little changed at $1.1 billion in Q1 2026 per ALK's latest filing, from $1.1 billion in the prior quarter.
- Across five years, Operating Leases topped out at $1.5 billion in Q2 2022 and bottomed at $1.0 billion in Q2 2024.
- Historically, Operating Leases has averaged $1.2 billion across 5 years, with a median of $1.2 billion in 2025.
- Annual changes were most pronounced in 2022 — Operating Leases rose 23.16% — and 2023, when it fell 24.9%.
- Alaska Air's Operating Leases stood at $1.4 billion in 2022, then fell by 19.24% to $1.1 billion in 2023, then grew by 6.49% to $1.2 billion in 2024, then retreated by 4.76% to $1.1 billion in 2025, then decreased by 0.44% to $1.1 billion in 2026.
- Business Quant data shows ALK's Operating Leases at $1.1 billion in Q1 2026, $1.1 billion in Q4 2025, and $1.2 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.16 Bn |
| Mar 31, 2026 | 1.14 Bn |
| Dec 31, 2025 | 1.14 Bn |
| Sep 30, 2025 | 1.20 Bn |
| Jun 30, 2025 | 1.16 Bn |
| Mar 31, 2025 | 1.20 Bn |
| Dec 31, 2024 | 1.20 Bn |
| Sep 30, 2024 | 1.25 Bn |
| Jun 30, 2024 | 1.05 Bn |
| Mar 31, 2024 | 1.10 Bn |
| Dec 31, 2023 | 1.13 Bn |
| Sep 30, 2023 | 1.11 Bn |
| Jun 30, 2023 | 1.15 Bn |
| Mar 31, 2023 | 1.46 Bn |
| Dec 31, 2022 | 1.39 Bn |
| Sep 30, 2022 | 1.48 Bn |
| Jun 30, 2022 | 1.51 Bn |
| Mar 31, 2022 | 1.36 Bn |
| Dec 31, 2021 | 1.28 Bn |
| Sep 30, 2021 | 1.21 Bn |