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

Alaska Air (ALK) has reported Operating Margin for 18 consecutive years, with 4.13% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Margin fell 1161.0% year-over-year to 4.13% in Q2 2026; TTM through Jun 2026 was 1.52%, a 610.0% decrease from a year earlier, with the FY2025 full-year figure at 2.13%, down 273.0% from the prior year.
• Operating Margin was 4.13% for Q2 2026 at Alaska Air, up from 8.45% in the prior quarter.
• Over five years, Operating Margin peaked at 11.87% in Q2 2023 and troughed at 12.02% in Q1 2022.
• A 5-year average of 1.56% and a median of 2.13% in 2025 frame the typical range for Operating Margin.
• The widest YoY moves for Operating Margin: up 818 bps in 2022, down 2892 bps in 2022.
• Over 5 years, Operating Margin stood at 0.93% in 2022, then soared by 35 bps to 1.25% in 2023, then jumped by 570 bps to 8.4% in 2024, then slumped by 75 bps to 2.06% in 2025, then sank by 300 bps to 4.13% in 2026.
• The last three Operating Margin figures came in at 4.13% (Q2 2026), 8.45% (Q1 2026), and 2.06% (Q4 2025), per Business Quant data.