Alaska Air Group, Inc. (ALK) Operating Margin (2009 - 2026)
Alaska Air (ALK) recorded Operating Margin of -4.13% in Q2 2026, down 11.61 percentage points from 7.48% a year earlier but up 4.32 percentage points from the prior quarter.
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Analysis
Alaska Air Group, Inc. (ALK) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Alaska Air's Operating Margin came in at -1.52% as of Jun 30, 2026, down 5.19 percentage points year-over-year; for FY2025, it was 2.13%, down 2.73 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +51.90 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 4.86% in FY2024 (+1.08 pp), 3.78% in FY2023 (+3.05 pp), 0.73% in FY2022 (-10.37 pp) and 11.09% in FY2021 (+60.87 pp).
- Quarterly Operating Margin has ranged from -12.02% in Q1 2022 to 13.21% in Q3 2021 over the past five years.
- On a year-over-year basis, Operating Margin rose in three of the last eight quarters, with an average year-over-year change of -2.37 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 94.67 percentage points in Q3 2021, against a drop of 28.92 percentage points in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at -8.45% (Q1 2026), 2.06% (Q4 2025) and 3.93% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.13% |
| Mar 31, 2026 | -8.45% |
| Dec 31, 2025 | 2.06% |
| Sep 30, 2025 | 3.93% |
| Jun 30, 2025 | 7.48% |
| Mar 31, 2025 | -6.28% |
| Dec 31, 2024 | 2.07% |
| Sep 30, 2024 | 11.10% |
| Jun 30, 2024 | 11.11% |
| Mar 31, 2024 | -7.44% |
| Dec 31, 2023 | 1.25% |
| Sep 30, 2023 | 7.43% |
| Jun 30, 2023 | 11.87% |
| Mar 31, 2023 | -8.47% |
| Dec 31, 2022 | 0.93% |
| Sep 30, 2022 | 2.19% |
| Jun 30, 2022 | 7.04% |
| Mar 31, 2022 | -12.02% |
| Dec 31, 2021 | 2.05% |
| Sep 30, 2021 | 13.21% |
API Access
Alaska Air Group, Inc. Operating Margin 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-margin&ticker=ALK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=ALK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();