ALKNYSEAir Transportation, ScheduledFiscal year ends December 31

ALASKA AIR GROUP, INC.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026

$33.98−1.15 (-3.27%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2011 to 2025

2.1%+51.9 pts over 5 years

0.7%+37.8 pts over 5 years

Compound annual growth to fiscal 2025

Per year	1 year	3 years	5 years	10 years
Revenue	+21.3%	+13.9%	+31.9%	–
Operating income	-46.8%	+63.0%	–	-13.5%
Net income	-74.7%	+19.9%	–	-19.2%
EPS, diluted	-73.1%	+22.6%	–	-18.7%

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2020	FY2025
Return on equity	30.9%	-36.2%	2.4%
Return on assets	9.7%	-9.8%	0.5%
Current ratio	0.81	0.93	0.50
Debt to equity	1.08	1.17	1.29
Net debt to EBITDA	1.58×	-1.56×	4.26×
Interest coverage	23.7×	-18.1×	1.1×
Capex to revenue	11.4%	6.2%	–
Diluted shares	124M	123M	120M

Return on equity split into margin, efficiency and leverage

Net margin0.7%

Asset turnover0.71×

Equity multiplier4.73×

Return on equity, FY20252.4%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	0.7%	0.71×	4.73×	2.4%
FY2024	3.4%	0.68×	4.05×	9.3%
FY2023	2.3%	0.72×	3.63×	5.9%
FY2022	0.6%	0.69×	3.69×	1.5%
FY2021	7.7%	0.44×	4.12×	14.1%
FY2020	-37.1%	0.26×	3.69×	-36.2%
FY2019	8.8%	0.73×	2.96×	19.0%
FY2018	5.3%	0.76×	3.00×	12.1%
FY2017	12.2%	0.76×	3.34×	30.9%
FY2016	13.5%	0.72×	3.20×	30.9%