Alaska Air (ALK) Other Working Capital Changes (2009 - 2026)
Alaska Air (ALK) reported Other Working Capital Changes of $48.0 million for Q1 2026, up 141.74% year-over-year from $19.9 million in Q1 2025, and up 124.0% on a QoQ basis from -$200.0 million in Q4 2025.
Alaska Air (ALK) has 18 years of Other Working Capital Changes data on file, last reported at $48.0 million in Q1 2026.
- Quarterly Other Working Capital Changes rose 141.74% year-over-year to $48.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $140.0 million (up 150.72% YoY) and the FY2025 annual result came in at -$23.0 million, down 107.49% from the prior year.
- Other Working Capital Changes rose to $48.0 million in Q1 2026 per ALK's latest filing, from -$200.0 million in the prior quarter.
- Across five years, Other Working Capital Changes topped out at $600.0 million in Q2 2023 and bottomed at -$492.0 million in Q3 2022.
- The 5-year median for Other Working Capital Changes is $28.0 million (2025), against an average of $26.8 million.
- Peak annual rise in Other Working Capital Changes reached 3475.0% in 2022, while the deepest fall reached 555.56% in 2022.
- Tracing ALK's Other Working Capital Changes over 5 years: stood at -$106.0 million in 2022, then soared by 31.13% to -$73.0 million in 2023, then jumped by 395.89% to $216.0 million in 2024, then plunged by 192.59% to -$200.0 million in 2025, then soared by 124.0% to $48.0 million in 2026.
- Per Business Quant, the three latest ALK Other Working Capital Changes figures stand at $48.0 million (Q1 2026), -$200.0 million (Q4 2025), and $264.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 48.00 Mn |
| Mar 31, 2026 | 48.00 Mn |
| Dec 31, 2025 | -200.00 Mn |
| Dec 31, 2025 | -200.00 Mn |
| Sep 30, 2025 | 264.00 Mn |
| Sep 30, 2025 | 264.00 Mn |
| Jun 30, 2025 | 28.00 Mn |
| Jun 30, 2025 | 28.00 Mn |
| Mar 31, 2025 | -115.00 Mn |
| Mar 31, 2025 | -115.00 Mn |
| Dec 31, 2024 | 216.00 Mn |
| Dec 31, 2024 | 216.00 Mn |
| Sep 30, 2024 | 53.00 Mn |
| Sep 30, 2024 | 53.00 Mn |
| Jun 30, 2024 | -430.00 Mn |
| Jun 30, 2024 | -430.00 Mn |
| Mar 31, 2024 | 468.00 Mn |
| Mar 31, 2024 | 468.00 Mn |
| Dec 31, 2023 | -73.00 Mn |
| Dec 31, 2023 | -73.00 Mn |
| Sep 30, 2023 | -215.00 Mn |
| Sep 30, 2023 | -215.00 Mn |
| Jun 30, 2023 | 600.00 Mn |
| Jun 30, 2023 | 600.00 Mn |
| Mar 31, 2023 | -206.00 Mn |
| Mar 31, 2023 | -206.00 Mn |
| Dec 31, 2022 | -106.00 Mn |
| Dec 31, 2022 | -106.00 Mn |
| Sep 30, 2022 | -492.00 Mn |
| Sep 30, 2022 | -492.00 Mn |
| Jun 30, 2022 | 135.00 Mn |
| Jun 30, 2022 | 135.00 Mn |
| Mar 31, 2022 | 480.00 Mn |
| Mar 31, 2022 | 480.00 Mn |
| Dec 31, 2021 | -143.00 Mn |
| Dec 31, 2021 | -143.00 Mn |
| Sep 30, 2021 | 108.00 Mn |
| Sep 30, 2021 | 108.00 Mn |
| Jun 30, 2021 | -4.00 Mn |
| Jun 30, 2021 | -4.00 Mn |
| Mar 31, 2021 | 48.00 Mn |
| Mar 31, 2021 | 48.00 Mn |
| Dec 31, 2020 | 330.00 Mn |
| Dec 31, 2020 | 330.00 Mn |
| Sep 30, 2020 | -388.00 Mn |
| Sep 30, 2020 | -388.00 Mn |
| Jun 30, 2020 | 442.00 Mn |
| Jun 30, 2020 | 442.00 Mn |
| Mar 31, 2020 | -211.00 Mn |
| Mar 31, 2020 | -211.00 Mn |
| Dec 31, 2019 | 19.00 Mn |
| Dec 31, 2019 | 19.00 Mn |
| Sep 30, 2019 | 22.00 Mn |
| Sep 30, 2019 | 22.00 Mn |
| Jun 30, 2019 | 99.00 Mn |
| Jun 30, 2019 | 99.00 Mn |
| Mar 31, 2019 | -24.00 Mn |
| Mar 31, 2019 | -24.00 Mn |
| Dec 31, 2018 | 43.00 Mn |
| Dec 31, 2018 | 43.00 Mn |
| Sep 30, 2018 | 210.00 Mn |
| Sep 30, 2018 | 210.00 Mn |
| Jun 30, 2018 | 40.00 Mn |
| Jun 30, 2018 | 40.00 Mn |
| Mar 31, 2018 | -144.00 Mn |
| Mar 31, 2018 | -144.00 Mn |
| Dec 31, 2017 | 61.00 Mn |
| Dec 31, 2017 | 61.00 Mn |
| Sep 30, 2017 | 217.00 Mn |
| Sep 30, 2017 | 217.00 Mn |
| Jun 30, 2017 | 78.00 Mn |
| Jun 30, 2017 | 78.00 Mn |
| Mar 31, 2017 | -165.00 Mn |
| Mar 31, 2017 | -165.00 Mn |
| Dec 31, 2016 | 170.00 Mn |
| Dec 31, 2016 | 170.00 Mn |
| Sep 30, 2016 | 11.00 Mn |
| Sep 30, 2016 | 11.00 Mn |
| Jun 30, 2016 | -64.00 Mn |
| Jun 30, 2016 | -64.00 Mn |
| Mar 31, 2016 | 36.00 Mn |
| Mar 31, 2016 | 36.00 Mn |
| Dec 31, 2015 | 115.00 Mn |
| Dec 31, 2015 | 115.00 Mn |
| Sep 30, 2015 | 15.00 Mn |
| Sep 30, 2015 | 15.00 Mn |
| Jun 30, 2015 | 19.00 Mn |
| Jun 30, 2015 | 19.00 Mn |
| Mar 31, 2015 | 8.00 Mn |
| Mar 31, 2015 | 8.00 Mn |
| Dec 31, 2014 | 11.00 Mn |
| Dec 31, 2014 | 11.00 Mn |
| Sep 30, 2014 | 14.00 Mn |
| Sep 30, 2014 | 14.00 Mn |
| Jun 30, 2014 | 126.00 Mn |
| Jun 30, 2014 | 126.00 Mn |
| Mar 31, 2014 | -119.00 Mn |
| Mar 31, 2014 | -119.00 Mn |
| Dec 31, 2013 | -12.00 Mn |
| Dec 31, 2013 | -12.00 Mn |
| Sep 30, 2013 | 16.00 Mn |
| Sep 30, 2013 | 16.00 Mn |
| Jun 30, 2013 | 82.00 Mn |
| Jun 30, 2013 | 82.00 Mn |
| Mar 31, 2013 | -2.00 Mn |
| Mar 31, 2013 | -2.00 Mn |
| Dec 31, 2012 | 20.00 Mn |
| Dec 31, 2012 | 20.00 Mn |
| Sep 30, 2012 | 9.00 Mn |
| Sep 30, 2012 | 9.00 Mn |
| Jun 30, 2012 | 8.00 Mn |
| Jun 30, 2012 | 8.00 Mn |
| Mar 31, 2012 | -4.00 Mn |
| Mar 31, 2012 | -4.00 Mn |
| Dec 31, 2011 | 16.50 Mn |
| Dec 31, 2011 | 16.50 Mn |
| Sep 30, 2011 | 7.30 Mn |
| Sep 30, 2011 | 7.30 Mn |
| Jun 30, 2011 | -1.10 Mn |
| Jun 30, 2011 | -1.10 Mn |
| Mar 31, 2011 | -15.70 Mn |
| Mar 31, 2011 | -15.70 Mn |
| Dec 31, 2010 | -3.40 Mn |
| Dec 31, 2010 | -3.40 Mn |
| Sep 30, 2010 | -47.90 Mn |
| Sep 30, 2010 | -47.90 Mn |
| Jun 30, 2010 | 133.90 Mn |
| Jun 30, 2010 | 133.90 Mn |
| Mar 31, 2010 | -114.60 Mn |
| Mar 31, 2010 | -114.60 Mn |
| Dec 31, 2009 | 82.40 Mn |
| Dec 31, 2009 | 82.40 Mn |
| Sep 30, 2009 | 62.00 Mn |
| Sep 30, 2009 | 62.00 Mn |