Alaska Airlines was Alaska Air’s largest segment in fiscal 2025, bringing in $8.13B of $12.84B (63%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Alaska Airlines | $7.30B | $8.01B | $8.15B | $8.13B | |||||||||||||
| Alaska Mainline | — | — | — | — | |||||||||||||
| Hawaiian Airlines | — | — | $757.00M | $2.92B | |||||||||||||
| Regional | $1.51B | $1.52B | $1.81B | $1.79B | |||||||||||||
| Alaska Regional | — | — | — | — | |||||||||||||
| Air Group Adjusted | — | — | — | — | |||||||||||||
| Horizon | — | — | — | — | |||||||||||||
| Intersegment Eliminations | — | — | — | — | |||||||||||||
| Consolidating Other | — | — | — | — | |||||||||||||
| Consolidating &Amp; Other | — | — | — | — | |||||||||||||
| Total | $8.81B | $9.53B | $10.71B | $12.84B |
Alaska Air brought in $12.84B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 19.8% from $10.71B in fiscal 2024. Alaska Airlines was the largest at $8.13B (63.4%), ahead of Hawaiian Airlines at $2.92B (22.7%) and Regional at $1.79B (13.9%).
Compared with fiscal 2024, Hawaiian Airlines grew fastest, up 285.5% to $2.92B, while Regional fell the most, down 1.1% to $1.79B.
Alaska Air began breaking out Hawaiian Airlines in fiscal 2024, when it brought in $757.00M.
Loyalty Program Other was Alaska Air’s largest product and service line in fiscal 2023, bringing in $1.25B of $2.47B (50%).
| Product and Service | FY 2022 | FY 2023 |
|---|---|---|
| Passenger | $133.00M | $128.00M |
| Loyalty Program Other | — | $1.25B |
| Mileage Plan Services, Other | $1.13B | — |
| Cargo & Freight | $492.00M | $496.00M |
| Passenger Ancillary Revenue | $447.00M | $476.00M |
| Other Services | $115.00M | $124.00M |
| Total | $2.32B | $2.47B |
Alaska Air brought in $2.47B from its five product and service lines in fiscal 2023, the year ended December 31, 2023. Alaska Air regrouped these lines after fiscal 2022, so the total does not compare directly with that year's $2.32B. Loyalty Program Other was the largest at $1.25B (50.5%), ahead of Cargo & Freight at $496.00M (20.1%) and Passenger Ancillary Revenue at $476.00M (19.3%). The other two lines brought in $252.00M combined.
Compared with fiscal 2022, Other Services grew fastest, up 7.8% to $124.00M, while Passenger fell the most, down 3.8% to $128.00M.
Alaska Air began breaking out Loyalty Program Other in fiscal 2023, when it brought in $1.25B. Alaska Air stopped reporting Mileage Plan Services, Other as a separate line after fiscal 2022, when it brought in $1.13B.
Previously Reported was Alaska Air’s largest revenue line in fiscal 2016, bringing in $5.01B of $5.39B (93%).
| Adjustments for New Accounting Pronouncements | FY 2016 |
|---|---|
| Previously Reported | $5.01B |
| Restatement Adjustment | $386.00M |
| Total | $5.39B |
Alaska Air brought in $5.39B from its two revenue lines in fiscal 2016, the year ended December 31, 2016. Previously Reported was the largest at $5.01B (92.8%), ahead of Restatement Adjustment at $386.00M (7.2%).
Alaska Air (ALK) reports its revenue by segment, by product and service and by adjustments for new accounting pronouncements. In fiscal 2025, Alaska Airlines was its largest segment, bringing in $8.13B (63.4% of the total), followed by Hawaiian Airlines at $2.92B (22.7%).
Alaska Airlines was Alaska Air's largest segment in fiscal 2025, bringing in $8.13B, or 63.4% of the $12.84B total across its three segments.
Loyalty Program Other was Alaska Air's largest product and service line in fiscal 2023, bringing in $1.25B, or 50.5% of the $2.47B total across its five product and service lines.
Previously Reported was Alaska Air's largest revenue line in fiscal 2016, bringing in $5.01B, or 92.8% of the $5.39B total across its two revenue lines.
Among Alaska Air's segments that make up at least 2% of revenue, Hawaiian Airlines grew fastest in fiscal 2025, up 285.5% from $757.00M to $2.92B.
Every figure comes from Alaska Air's annual financial filings, as reported. Each line keeps the name Alaska Air gives it, and years follow its fiscal calendar.
Alaska Air's revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.