ALASKA AIR GROUP, INC.
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ALK Q1 2026 request
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| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 3,300 | 3,137 | +5.2% |
Show Product Lines breakouts |
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| Cargo And Freight · Cargo and other revenue | 153 | 122 | +25.4% |
| Loyalty program other · Loyalty Plan Revenue | 227 | 207 | +9.7% |
| Loyalty program passenger revenue · Passenger revenue | 347 | 316 | +9.8% |
| Other Services · Cargo and other revenue | 94 | 65 | +44.6% |
| Passenger ancillary revenue · Passenger revenue | 147 | 140 | +5.0% |
| Passenger ticket revenue, net of taxes and fees · Passenger revenue | 2,426 | 2,352 | +3.1% |
| Passenger · Cargo and other revenue | 59 | 57 | +3.5% |
| Passenger · Loyalty Plan Revenue | 347 | 316 | +9.8% |
| Passenger · Passenger revenue | 2,920 | 2,808 | +4.0% |
Show Geography breakouts |
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| Asia Pacific · Passenger revenue | 134 | 132 | +1.5% |
| Latin America · Passenger revenue | 187 | 214 | -12.6% |
| North America · Passenger revenue | 2,599 | 2,462 | +5.6% |
Show Contract With Customer Sales Channel breakouts |
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| Cargo and other revenue | 153 | 122 | +25.4% |
| Loyalty Plan Revenue | 574 | 523 | +9.8% |
| Passenger revenue | 2,920 | 2,808 | +4.0% |
| Labor And Related Expense | 1,242 | 1,127 | +10.2% |
| Other Labor Related Expenses | 30 | 62 | -51.6% |
| Fuel Costs Gross Of Hedging | 796 | 681 | +16.9% |
| Aircraft Maintenance Materials And Repairs | 216 | 220 | -1.8% |
| Aircraft Rental | 61 | 62 | -1.6% |
| Landing Fees And Other Rentals | 291 | 242 | +20.2% |
| Professional And Contract Services Expense | 151 | 145 | +4.1% |
| Selling Expense | 99 | 100 | -1.0% |
| Depreciation & Amortization | 204 | 194 | +5.2% |
| Cost Of Services Catering | 95 | 85 | +11.8% |
| Regional Carrier Expense | 56 | 64 | -12.5% |
| Other Cost And Expense Operating | 303 | 261 | +16.1% |
| Special Items Net Operating Expense | 35 | 91 | -61.5% |
| Total Costs & Expenses | 3,579 | 3,334 | +7.3% |
| Operating Income | -279 | -197 | -41.6% |
| Interest Income | 19 | 26 | -26.9% |
| Interest Expense | -76 | -66 | -15.2% |
| Interest Costs Capitalized Adjustment | 10 | 12 | -16.7% |
| Other Non-Operating Income (Expense) | 9 | -8 | +212.5% |
| Non-Operating Income (Expense) | -38 | -36 | -5.6% |
| Income Before Taxes | -317 | -233 | -36.1% |
| Income Tax Expense (Benefit) | -124 | -67 | -85.1% |
| Net Income | -193 | -166 | -16.3% |
Show Equity Components breakouts |
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| Retained Earnings | -193 | -166 | -16.3% |
| EPS (Basic) | -1.69 | -1.35 | -25.2% |
| EPS (Diluted) | -1.69 | -1.35 | -25.2% |
| Wtd Avg Shares (Basic) | 114.29 | 123.13 | -7.2% |
| Wtd Avg Shares (Diluted) | 114.29 | 123.13 | -7.2% |
| Comprehensive Income | -196 | -161 | -21.7% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 451 | 1,044 | -56.8% |
| Available For Sale Securities Debt Securities Current | 1,317 | — | — |
| Receivables Net Current | 630 | 569 | +10.7% |
Show Contract With Customer Sales Channel breakouts |
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| Loyalty Plan Revenue | 147 | — | — |
| Inventory | 232 | 206 | +12.6% |
| Prepaid Expense Current | 281 | 281 | 0.0% |
| Other Assets Current | 79 | 173 | -54.3% |
| Total Current Assets | 3,017 | 3,721 | -18.9% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 12,015 | 10,867 | +10.6% |
| Operating Lease Right-of-Use Assets | 1,300 | 1,313 | -1.0% |
| Goodwill | 2,723 | — | — |
| Other Non-Current Assets | 442 | 334 | +32.3% |
| Assets Noncurrent | 17,281 | — | — |
| Total Assets | 20,298 | — | — |
| Other Assets | |||
| Restricted Cash | 27 | 28 | -3.6% |
| Intangible Assets Net Excluding Goodwill | 801 | 859 | -6.8% |
| Current Liabilities | |||
| Accounts Payable | 409 | 237 | +72.6% |
| Employee Related Liabilities Current | 657 | 749 | -12.3% |
| Deferred Revenue (Current) (Q) | — | — | — |
Show Product Lines breakouts |
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| Air traffic liability | 2,378 | — | — |
| Loyalty Plan Revenue | 1,781 | — | — |
| Accrued Liabilities | 1,121 | 1,042 | +7.6% |
| Long Term Debt And Capital Lease Obligations Current | 498 | — | — |
| Operating Lease Liability Current | 212 | 214 | -0.9% |
| Total Current Liabilities | 7,056 | 6,700 | +5.3% |
| Current Portion of Long-Term Debt | 319 | — | — |
| Non-Current Liabilities | |||
| Operating Lease Liabilities | 1,136 | 1,200 | -5.3% |
| Deferred Tax Liabilities | 879 | 871 | +0.9% |
| Deferred Revenue Noncurrent | 1,700 | 1,587 | +7.1% |
| Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent | 360 | 457 | -21.2% |
| Other Non-Current Liabilities | 614 | 531 | +15.6% |
| Liabilities Noncurrent | 9,511 | 8,981 | +5.9% |
| Long-Term Debt | 5,079 | 4,809 | +5.6% |
| Long-Term Debt | 4,760 | — | — |
| Other Liabilities | |||
| Long Term Debt And Capital Lease Obligations | 4,822 | — | — |
| Stockholders' Equity | |||
| Common Stock | 1 | 1 | 0.0% |
| Additional Paid In Capital Common Stock | 973 | 844 | +15.3% |
| Treasury Stock Common Value | -1,904 | — | — |
| Accumulated Other Comprehensive Income | -176 | — | — |
| Retained Earnings | 4,837 | 4,764 | +1.5% |
| Total Stockholders' Equity | 3,731 | 4,137 | -9.8% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | -176 | -234 | +24.8% |
| Additional Paid In Capital | 973 | 844 | +15.3% |
| Common Stock | 1 | 1 | 0.0% |
| Retained Earnings | 4,837 | 4,764 | +1.5% |
| Treasury Stock Common | -1,904 | -1,238 | -53.8% |
| Total Liabilities & Equity | 20,298 | 19,818 | +2.4% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Stock-Based Compensation | 25 | 20 | +25.0% |
| Increase Decrease In Deferred Income Taxes | -124 | -65 | -90.8% |
| Change in Accounts Receivable | -65 | -11 | -490.9% |
| Change in Deferred Revenue | 689 | 492 | +40.0% |
| Increase Decrease In Deferred Revenue | 48 | 58 | -17.2% |
| Other Operating Activities Cash Flow Statement | -163 | -115 | -41.7% |
| Net Cash from Operations | 421 | 459 | -8.3% |
| Investing Activities | |||
| Payments For Flight Equipment | -308 | -196 | -57.1% |
| Payments To Acquire Other Property Plant And Equipment | -30 | -42 | +28.6% |
| Purchases of Investments | -332 | -470 | +29.4% |
| Proceeds From Sale And Maturity Of Available For Sale Securities | 504 | 336 | +50.0% |
| Other Investing Activities | -3 | -9 | +66.7% |
| Net Cash from Investing | -169 | -381 | +55.6% |
| Right Of Use Asset Obtained In Exchange For Operating Lease Liability | 78 | 62 | +25.8% |
| Financing Activities | |||
| Proceeds From Issuance Of Long Term Debt | 110 | — | — |
| Repayments Of Long Term Debt | -340 | -156 | -117.9% |
| Share Repurchases | -193 | -105 | -83.8% |
| Proceeds From Payments For Other Financing Activities | -5 | 25 | -120.0% |
| Net Cash from Financing | -428 | -236 | -81.4% |
| Supplemental | |||
| Interest Paid | 70 | 67 | +4.5% |
| Other Cash Flow | |||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | -176 | -158 | -11.4% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 508 | 1,099 | -53.8% |
| Restricted Cash And Cash Equivalents At Carrying Value | 30 | 27 | +11.1% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.