ALK Chart
About

Alaska Air Group, Inc., through its subsidiaries, operates airlines. It operates through three segments: Alaska Airlines, Hawaiian Airlines, and Regional. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.

Fundamentals
Scroll to Statements
Sector Industrials Industry Airlines Market Cap 4.85B
Enterprise Value 9.62B Income 100.00M Sales 14.24B
Book/sh 35.64 Cash/sh 18.52 Dividend Yield
Payout 0.00% Employees 31996 IPO
P/E 51.01 Forward P/E 5.06 PEG
P/S 0.34 P/B 1.19 P/C
EV/EBITDA 7.57 EV/Sales 0.68 Quick Ratio 0.41
Current Ratio 0.50 Debt/Eq 167.39 LT Debt/Eq
EPS (ttm) 0.83 EPS next Y 8.37 EPS Growth -68.30%
Revenue Growth 2.80% Earnings 2026-04-22 ROA 1.73%
ROE 2.36% ROIC Gross Margin 21.51%
Oper. Margin 3.19% Profit Margin 0.70% Shs Outstand 114.64M
Shs Float 113.90M Short Float 11.68% Short Ratio 2.83
Short Interest 52W High 65.88 52W Low 37.63
Beta 1.16 Avg Volume 3.49M Volume 4.77M
Target Price $70.00 Recom Strong_buy Prev Close $43.26
Price $42.34 Change -2.13%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$70.00
Mean price target
2. Current target
$42.34
Latest analyst target
3. DCF / Fair value
$-31.25
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$42.34
Low
$54.00
High
$94.00
Mean
$70.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-09 main TD Cowen Buy → Buy $54
2026-01-30 main TD Cowen Buy → Buy $63
2026-01-12 main Barclays Overweight → Overweight $70
2026-01-09 main Susquehanna Positive → Positive $70
2026-01-07 main Citigroup Buy → Buy $69
2026-01-06 main B of A Securities Buy → Buy $70
2025-12-04 init Citigroup — → Buy $61
2025-11-03 main TD Cowen Buy → Buy $65
2025-10-27 reit Raymond James Outperform → Outperform $65
2025-10-27 main UBS Buy → Buy $83
2025-10-03 main Susquehanna Positive → Positive $58
2025-10-01 main Raymond James Outperform → Outperform $68
2025-09-16 main Evercore ISI Group Outperform → Outperform $65
2025-09-12 up UBS Neutral → Buy $90
2025-09-12 main JP Morgan Overweight → Overweight $96
2025-08-25 up Raymond James Market Perform → Outperform $70
2025-08-05 main Susquehanna Positive → Positive $60
2025-07-25 main UBS Neutral → Neutral $56
2025-07-10 main Barclays Overweight → Overweight $60
2025-04-25 main Barclays Overweight → Overweight $55
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 24000 1371533.0 Sale at price 57.15 per share. TACKETT SHANE R Chief Financial Officer 2026-02-18 00:00:00 D
1 5500 311487.0 Sale at price 56.63 per share. HARRISON ANDREW R Officer 2026-02-18 00:00:00 D
2 14500 794762.0 Sale at price 54.81 per share. HARRISON ANDREW R Officer 2026-02-13 00:00:00 D
3 61880 nan MINICUCCI BENITO Chief Executive Officer 2026-02-13 00:00:00 D
4 25880 nan HARRISON ANDREW R Officer 2026-02-13 00:00:00 D
5 28283 nan TACKETT SHANE R Chief Financial Officer 2026-02-13 00:00:00 D
6 12143 nan SCHNEIDER ANDREA L Officer 2026-02-13 00:00:00 D
7 13647 nan LEVINE KYLE B Officer 2026-02-13 00:00:00 D
8 9250 nan BIRKETT RAKOW DIANA Officer 2026-02-13 00:00:00 D
9 22020 nan VON MUEHLEN CONSTANCE E Officer 2026-02-13 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-78.50M-90.47M-124.93M-151.96M
TaxRateForCalcs0.310.280.270.26
NormalizedEBITDA1.43B1.60B1.33B1.17B
TotalUnusualItems-250.00M-329.00M-461.00M-580.00M
TotalUnusualItemsExcludingGoodwill-250.00M-329.00M-461.00M-580.00M
NetIncomeFromContinuingOperationNetMinorityInterest100.00M395.00M235.00M58.00M
ReconciledDepreciation795.00M583.00M451.00M415.00M
ReconciledCostOfRevenue12.22B9.62B8.56B7.98B
EBITDA1.18B1.27B868.00M588.00M
EBIT381.00M687.00M417.00M173.00M
NetInterestIncome-141.00M-41.00M-14.00M-41.00M
InterestExpense235.00M142.00M94.00M94.00M
InterestIncome94.00M101.00M80.00M53.00M
NormalizedIncome271.50M633.52M571.07M486.04M
NetIncomeFromContinuingAndDiscontinuedOperation100.00M395.00M235.00M58.00M
TotalExpenses13.69B10.82B9.59B9.00B
RentExpenseSupplemental1.36B988.00M888.00M872.00M
TotalOperatingIncomeAsReported303.00M570.00M394.00M70.00M
DilutedAverageShares119.93M128.37M128.71M127.90M
BasicAverageShares118.17M126.14M127.38M126.66M
DilutedEPS0.833.081.830.45
BasicEPS0.853.131.840.46
DilutedNIAvailtoComStockholders100.00M395.00M235.00M58.00M
NetIncomeCommonStockholders100.00M395.00M235.00M58.00M
NetIncome100.00M395.00M235.00M58.00M
NetIncomeIncludingNoncontrollingInterests100.00M395.00M235.00M58.00M
NetIncomeContinuousOperations100.00M395.00M235.00M58.00M
TaxProvision46.00M150.00M88.00M21.00M
PretaxIncome146.00M545.00M323.00M79.00M
OtherIncomeExpense-266.00M-329.00M-500.00M-530.00M
OtherNonOperatingIncomeExpenses-16.00M-39.00M50.00M36.00M
SpecialIncomeCharges-250.00M-329.00M-461.00M-580.00M
GainOnSaleOfPPE-11.00M-385.00M-481.00M
OtherSpecialCharges57.00M121.00M454.00M99.00M
ImpairmentOfCapitalAssets268.00M70.00M-1.00M
RestructuringAndMergernAcquisition193.00M208.00M7.00M0.00
NetNonOperatingInterestIncomeExpense-141.00M-41.00M-14.00M-41.00M
InterestExpenseNonOperating235.00M142.00M94.00M94.00M
InterestIncomeNonOperating94.00M101.00M80.00M53.00M
OperatingIncome553.00M915.00M837.00M650.00M
OperatingExpense1.47B1.20B1.03B1.01B
OtherOperatingExpenses1.06B854.00M729.00M717.00M
SellingGeneralAndAdministration407.00M349.00M303.00M295.00M
SellingAndMarketingExpense407.00M349.00M303.00M295.00M
GrossProfit2.02B2.12B1.87B1.66B
CostOfRevenue12.22B9.62B8.56B7.98B
TotalRevenue14.24B11.73B10.43B9.65B
OperatingRevenue12.84B10.65B9.53B8.81B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber29.58M18.33M12.87M9.35M
OrdinarySharesNumber115.53M123.12M126.09M127.53M
ShareIssued145.12M141.45M138.96M136.88M
NetDebt4.93B3.79B2.19B1.82B
TotalDebt6.89B6.39B3.82B3.78B
TangibleBookValue580.00M775.00M2.08B1.78B
InvestedCapital9.67B9.36B6.58B5.97B
WorkingCapital-3.32B-2.38B-1.75B-1.45B
NetTangibleAssets580.00M775.00M2.08B1.78B
CapitalLeaseObligations1.34B1.41B1.35B1.62B
CommonStockEquity4.12B4.37B4.11B3.82B
TotalCapitalization8.95B8.91B6.29B5.70B
TotalEquityGrossMinorityInterest4.12B4.37B4.11B3.82B
StockholdersEquity4.12B4.37B4.11B3.82B
GainsLossesNotAffectingRetainedEarnings-173.00M-239.00M-299.00M-388.00M
OtherEquityAdjustments-299.00M-388.00M
TreasuryStock1.70B1.13B819.00M674.00M
RetainedEarnings5.03B4.93B4.54B4.30B
AdditionalPaidInCapital961.00M811.00M695.00M577.00M
CapitalStock1.00M1.00M1.00M1.00M
CommonStock1.00M1.00M1.00M1.00M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest16.24B15.40B10.50B10.37B
TotalNonCurrentLiabilitiesNetMinorityInterest9.65B9.25B6.04B5.88B
OtherNonCurrentLiabilities595.00M457.00M295.00M305.00M
EmployeeBenefits369.00M460.00M362.00M348.00M
NonCurrentPensionAndOtherPostretirementBenefitPlans369.00M460.00M362.00M348.00M
NonCurrentDeferredLiabilities2.71B2.60B2.08B1.95B
NonCurrentDeferredRevenue1.71B1.66B1.38B1.37B
NonCurrentDeferredTaxesLiabilities1.00B934.00M695.00M574.00M
LongTermDebtAndCapitalLeaseObligation5.97B5.74B3.31B3.28B
LongTermCapitalLeaseObligation1.14B1.20B1.12B1.39B
LongTermDebt4.83B4.54B2.18B1.88B
CurrentLiabilities6.59B6.14B4.46B4.49B
CurrentDeferredLiabilities3.41B3.30B2.36B2.30B
CurrentDeferredRevenue3.41B3.30B2.36B2.30B
CurrentDebtAndCapitalLeaseObligation918.00M657.00M511.00M504.00M
CurrentCapitalLeaseObligation197.00M207.00M222.00M228.00M
CurrentDebt721.00M450.00M289.00M276.00M
OtherCurrentBorrowings721.00M450.00M289.00M276.00M
PayablesAndAccruedExpenses2.26B2.18B1.59B1.69B
CurrentAccruedExpenses1.94B2.00B1.38B1.47B
Payables324.00M186.00M207.00M221.00M
AccountsPayable324.00M186.00M207.00M221.00M
TotalAssets20.36B19.77B14.61B14.19B
TotalNonCurrentAssets17.09B16.01B11.91B11.15B
OtherNonCurrentAssets432.00M334.00M292.00M380.00M
GoodwillAndOtherIntangibleAssets3.54B3.60B2.03B2.04B
OtherIntangibleAssets815.00M873.00M90.00M
Goodwill2.72B2.72B1.94B
NetPPE13.12B12.08B9.58B8.73B
AccumulatedDepreciation-4.95B-4.55B-4.34B-4.13B
GrossPPE18.07B16.62B13.93B12.86B
Leases76.00M66.00M55.00M
ConstructionInProgress731.00M883.00M491.00M670.00M
OtherProperties3.69B3.47B3.01B1.66B
CurrentAssets3.27B3.76B2.71B3.04B
OtherCurrentAssets69.00M192.00M239.00M60.00M
RestrictedCash28.00M29.00M0.00
PrepaidAssets278.00M307.00M176.00M163.00M
Inventory203.00M199.00M116.00M104.00M
Receivables565.00M558.00M383.00M296.00M
AccountsReceivable565.00M558.00M383.00M296.00M
CashCashEquivalentsAndShortTermInvestments2.12B2.48B1.79B2.42B
OtherShortTermInvestments1.50B1.27B1.51B2.08B
CashAndCashEquivalents627.00M1.20B281.00M338.00M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-339.00M183.00M-444.00M-253.00M
RepurchaseOfCapitalStock-570.00M-312.00M-137.00M0.00
RepaymentOfDebt-519.00M-1.92B-282.00M-385.00M
IssuanceOfDebt808.00M2.31B411.00M0.00
CapitalExpenditure-1.59B-1.28B-1.49B-1.67B
InterestPaidSupplementalData223.00M148.00M105.00M71.00M
IncomeTaxPaidSupplementalData3.00M22.00M15.00M0.00
EndCashPosition684.00M1.26B308.00M369.00M
BeginningCashPosition1.26B308.00M369.00M494.00M
ChangesInCash-573.00M949.00M-61.00M-125.00M
FinancingCashFlow-199.00M119.00M-147.00M-325.00M
CashFlowFromContinuingFinancingActivities-199.00M119.00M-147.00M-325.00M
NetOtherFinancingCharges82.00M36.00M-139.00M60.00M
CashDividendsPaid0.000.00
CommonStockDividendPaid0.000.00
NetCommonStockIssuance-570.00M-312.00M-137.00M0.00
CommonStockPayments-570.00M-312.00M-137.00M0.00
NetIssuancePaymentsOfDebt289.00M395.00M129.00M-385.00M
NetLongTermDebtIssuance289.00M395.00M129.00M-385.00M
LongTermDebtPayments-519.00M-1.92B-282.00M-385.00M
LongTermDebtIssuance808.00M2.31B411.00M0.00
InvestingCashFlow-1.62B-634.00M-964.00M-1.22B
CashFlowFromContinuingInvestingActivities-1.62B-634.00M-964.00M-1.22B
NetOtherInvestingChanges155.00M377.00M-86.00M-2.00M
NetInvestmentPurchaseAndSale-190.00M929.00M616.00M455.00M
SaleOfInvestment1.29B1.76B1.15B2.25B
PurchaseOfInvestment-1.48B-832.00M-536.00M-1.80B
NetBusinessPurchaseAndSale0.00-659.00M0.000.00
PurchaseOfBusiness0.00-659.00M0.000.00
NetPPEPurchaseAndSale-1.59B-1.28B-1.49B-1.67B
PurchaseOfPPE-1.59B-1.28B-1.49B-1.67B
OperatingCashFlow1.25B1.46B1.05B1.42B
CashFlowFromContinuingOperatingActivities1.25B1.46B1.05B1.42B
ChangeInWorkingCapital293.00M493.00M-143.00M407.00M
ChangeInOtherWorkingCapital320.00M558.00M-80.00M140.00M
ChangeInOtherCurrentLiabilities-23.00M63.00M-44.00M17.00M
ChangeInReceivables-4.00M-128.00M-19.00M250.00M
ChangesInAccountReceivables-4.00M-128.00M-19.00M-45.00M
OtherNonCashItems51.00M-70.00M422.00M496.00M
StockBasedCompensation10.00M63.00M85.00M42.00M
AssetImpairmentCharge496.00M-1.00M
DepreciationAmortizationDepletion795.00M583.00M451.00M415.00M
DepreciationAndAmortization795.00M583.00M451.00M415.00M
NetIncomeFromContinuingOperations100.00M395.00M235.00M58.00M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for ALK
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status