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Alaska Air
(NYSE:ALK)
Alaska Air (ALK) vs. SPDR S&P 500 ETF (SPY)
Alaska Air Business Overview & Revenue Model
Alaska Air Key Performance Indicators (KPIs)
Measures the total seating capacity available across all flights, reflecting the airline's ability to meet demand and expand its network.
Main Street DataAlaska Air Earnings Call Summary
Alaska Air Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.45B | 11.73B | 10.43B | 9.65B | 6.18B | 3.57B |
| Gross Profit | 7.58B | 2.12B | 2.46B | 1.66B | 1.35B | -414.00M |
| EBITDA | 1.33B | 1.27B | 1.27B | 1.20B | 137.00M | -1.33B |
| Net Income | 313.00M | 395.00M | 235.00M | 58.00M | 478.00M | -1.31B |
Balance Sheet | ||||||
| Total Assets | 19.89B | 19.77B | 14.61B | 14.28B | 13.95B | 14.05B |
| Cash, Cash Equivalents and Short-Term Investments | 2.15B | 2.48B | 1.80B | 2.42B | 3.12B | 3.35B |
| Total Debt | 6.37B | 6.39B | 3.82B | 3.78B | 4.09B | 5.05B |
| Total Liabilities | 15.94B | 15.40B | 10.50B | 10.46B | 10.15B | 11.06B |
| Stockholders Equity | 3.94B | 4.37B | 4.11B | 3.82B | 3.80B | 2.99B |
Cash Flow | ||||||
| Free Cash Flow | -8.00M | 183.00M | -444.00M | -253.00M | 738.00M | -440.00M |
| Operating Cash Flow | 1.43B | 1.46B | 1.05B | 1.42B | 1.03B | -234.00M |
| Investing Cash Flow | -1.25B | -634.00M | -964.00M | -1.22B | -1.01B | -593.00M |
| Financing Cash Flow | -512.00M | 119.00M | -147.00M | -325.00M | -914.00M | 1.98B |
Alaska Air Technical Analysis
Alaska Air Risk Analysis
Alaska Air Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $39.18B | 8.28 | 28.52% | 1.15% | 4.33% | -1.58% | |
74 Outperform | $32.41B | 9.64 | 25.59% | ― | 4.24% | 20.29% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $17.73B | 48.42 | 4.22% | 2.27% | 0.65% | ― | |
58 Neutral | $7.98B | 15.35 | ― | ― | 1.50% | ― | |
56 Neutral | $5.50B | 18.95 | 7.66% | ― | 27.81% | 43.03% | |
45 Neutral | $1.68B | -4.19 | -15.12% | ― | -1.90% | 61.06% |
Alaska Air Corporate Events
On September 25, 2025, Alaska Air Group announced the retirement of Constance von Muehlen, the COO of Alaska Airlines, effective February 15, 2026. Jason Berry, who has been with Horizon Air and Alaska Air Group in various leadership roles, will succeed her as COO starting November 3, 2025. This leadership transition is part of Alaska Airlines’ ongoing integration with Hawaiian Airlines, aiming to achieve a single operating certificate from the FAA. The changes reflect the company’s commitment to operational excellence and are expected to strengthen its position as a global premium airline. Andy Schneider will take over as CEO and President of Horizon Air, bringing extensive experience within the company.
The most recent analyst rating on (ALK) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on Alaska Air stock, see the ALK Stock Forecast page.
Alaska Air Group’s third quarter adjusted earnings per share are expected to be at the lower end of the previously guided range due to high fuel costs and operational challenges, including weather and air traffic control issues. Despite these challenges, revenue trends remain strong with positive yields and a successful launch of the Atmos Rewards loyalty program, which exceeded expectations and expanded beyond core markets.
The most recent analyst rating on (ALK) stock is a Buy with a $72.00 price target. To see the full list of analyst forecasts on Alaska Air stock, see the ALK Stock Forecast page.
On August 6, 2025, Alaska Air Group, Inc. amended its Term Loan Credit and Guaranty Agreement, initially dated October 15, 2024, to reprice loans under its Loyalty Term Loan Facility. This amendment, involving AS Mileage Plan IP, Ltd. and Bank of America, N.A., adjusts interest rates to a variable rate tied to Term SOFR with specific margins, potentially impacting the company’s financial strategy and stakeholder interests.
The most recent analyst rating on (ALK) stock is a Buy with a $70.00 price target. To see the full list of analyst forecasts on Alaska Air stock, see the ALK Stock Forecast page.
Alaska Air Group is a major airline holding company operating in the aviation industry, with subsidiaries including Alaska Airlines and Hawaiian Airlines, providing passenger and cargo air transport services across North America, Latin America, Asia, and the Pacific.
Alaska Air Group’s recent earnings call presented a mixed sentiment, showcasing notable achievements in revenue growth and successful integration of Hawaiian assets, while also addressing challenges like operational disruptions and softer-than-expected demand. Despite these hurdles, the company remains optimistic about its future growth and profitability.
Alaska Air Group reported strong financial results for the second quarter of 2025, with earnings per share surpassing expectations. The company announced its first transatlantic route from Seattle to Rome, set to begin in May 2026, and highlighted significant operational expansions, including new international services and fleet growth. The integration of Hawaiian Airlines contributed to a notable improvement in financial performance, with a focus on network transformation and revenue diversification. Despite a cybersecurity incident, operations remained unaffected, and the company remains optimistic about future growth, projecting full-year earnings per share to exceed $3.25.
The most recent analyst rating on (ALK) stock is a Buy with a $70.00 price target. To see the full list of analyst forecasts on Alaska Air stock, see the ALK Stock Forecast page.