Symbols / ALK Stock $47.32 +1.41% Alaska Air Group, Inc.

Industrials • Airlines • United States • NYQ
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Stock Fundamentals
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Index EQUITY
Sector Industrials
Industry Airlines
CEO Mr. Benito Minicucci
Exch · Country NYQ · United States
Market Cap 5.27B
Enterprise Value 10.17B
Income 73.00M
Sales 14.40B
FCF (ttm) -316.50M
Book/sh 33.50
Cash/sh 15.87
Employees 31,465
Insider 10d —
IPO Mar 17, 1980
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 96.57
Forward P/E 7.48
PEG 1.20
P/S 0.37
P/B 1.41
P/C —
EV/EBITDA 8.95
EV/Sales 0.71
Quick Ratio 0.34
Current Ratio 0.43
Debt/Eq 178.72
LT Debt/Eq —
EPS (ttm) 0.49
EPS next Y 6.32
EPS Growth —
Revenue Growth 5.20%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-04-20
Earnings (prior) 2026-04-20
ROA 1.28%
ROE 1.86%
ROIC —
Gross Margin 20.62%
Oper. Margin -7.61%
Profit Margin 0.51%
Shs Outstand 111.43M
Shs Float 110.68M
Insider Own 0.58%
Instit Own 95.19%
Short Float 13.27%
Short Ratio 3.94
Short Interest 13.16M
52W High 65.88
vs 52W High -28.17%
52W Low 33.03
vs 52W Low 43.26%
Beta 1.31
Impl. Vol. 0.78%
Rel Volume 0.63
Avg Volume 4.20M
Volume 2.66M
Target (mean) $57.50
Tgt Median $55.00
Tgt Low $32.00
Tgt High $94.00
# Analysts 16
Recom Strong_buy
Prev Close $46.66
Price $47.32
Change 1.41%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$57.50
Mean price target
2. Current target
$47.32
Latest analyst target
3. DCF / Fair value
$-51.13
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$47.32
Low
$32.00
High
$94.00
Mean
$57.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-01 down Citigroup Buy → Sell $32
2026-04-22 main Susquehanna Positive → Positive $50
2026-04-22 main BMO Capital Outperform → Outperform $55
2026-04-17 main Evercore ISI Group Outperform → Outperform $60
2026-04-15 main UBS Buy → Buy $54
2026-04-01 main Goldman Sachs Buy → Buy $61
2026-03-24 init BMO Capital — → Outperform $50
2026-03-23 main UBS Buy → Buy $53
2026-03-20 main Citigroup Buy → Buy $51
2026-03-16 main UBS Buy → Buy $60
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
News
RSS: Latest ALK news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-06-01 SIEVERT G MICHAEL Director — 4,258 $44.52 $189,566
2026-05-13 BEDIENT PATRICIA M Director — 6,483 $38.56 $249,984
2026-05-13 YEAMAN ERIC KAWIKA Director — 5,186 $38.56 $199,972
2026-05-13 BEER JAMES ALEXANDER Director — 5,186 $38.56 $199,972
2026-05-13 CONNER RAYMOND LEE Director — 5,186 $38.56 $199,972
2026-05-13 SANDVIK HELVI KAY Director — 5,186 $38.56 $199,972
2026-05-13 HOGAN KATHLEEN T Director — 5,186 $38.56 $199,972
2026-05-13 ELWELL DANIEL KEVIN Director — 5,186 $38.56 $199,972
2026-05-13 LOFTON ADRIENNE ROCHELLE Director — 5,186 $38.56 $199,972
2026-05-13 SHIMER PETER A Director — 5,186 $38.56 $199,972
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
14,239.00
+21.34%
11,735.00
+12.56%
10,426.00
+8.09%
9,646.00
Operating Revenue
12,835.00
+20.47%
10,654.00
+11.84%
9,526.00
+8.15%
8,808.00
Cost Of Revenue
12,221.00
+27.08%
9,617.00
+12.39%
8,557.00
+7.18%
7,984.00
Reconciled Cost Of Revenue
12,221.00
+27.08%
9,617.00
+12.39%
8,557.00
+7.18%
7,984.00
Gross Profit
2,018.00
-4.72%
2,118.00
+13.32%
1,869.00
+12.45%
1,662.00
Operating Expense
1,465.00
+21.78%
1,203.00
+16.57%
1,032.00
+1.98%
1,012.00
Selling General And Administration
407.00
+16.62%
349.00
+15.18%
303.00
+2.71%
295.00
Selling And Marketing Expense
407.00
+16.62%
349.00
+15.18%
303.00
+2.71%
295.00
Other Operating Expenses
1,058.00
+23.89%
854.00
+17.15%
729.00
+1.67%
717.00
Total Expenses
13,686.00
+26.49%
10,820.00
+12.84%
9,589.00
+6.59%
8,996.00
Operating Income
553.00
-39.56%
915.00
+9.32%
837.00
+28.77%
650.00
Total Operating Income As Reported
303.00
-46.84%
570.00
+44.67%
394.00
+462.86%
70.00
EBITDA
1,176.00
-7.40%
1,270.00
+46.31%
868.00
+47.62%
588.00
Normalized EBITDA
1,426.00
-10.82%
1,599.00
+20.32%
1,329.00
+13.78%
1,168.00
Reconciled Depreciation
795.00
+36.36%
583.00
+29.27%
451.00
+8.67%
415.00
EBIT
381.00
-44.54%
687.00
+64.75%
417.00
+141.04%
173.00
Total Unusual Items
-250.00
+24.01%
-329.00
+28.63%
-461.00
+20.52%
-580.00
Total Unusual Items Excluding Goodwill
-250.00
+24.01%
-329.00
+28.63%
-461.00
+20.52%
-580.00
Special Income Charges
-250.00
+24.01%
-329.00
+28.63%
-461.00
+20.52%
-580.00
Other Special Charges
57.00
-52.89%
121.00
-73.35%
454.00
+358.59%
99.00
Impairment Of Capital Assets
—
—
268.00
+282.86%
70.00
Restructuring And Mergern Acquisition
193.00
-7.21%
208.00
+2871.43%
7.00
0.00
Net Income
100.00
-74.68%
395.00
+68.09%
235.00
+305.17%
58.00
Pretax Income
146.00
-73.21%
545.00
+68.73%
323.00
+308.86%
79.00
Net Non Operating Interest Income Expense
-141.00
-243.90%
-41.00
-192.86%
-14.00
+65.85%
-41.00
Interest Expense Non Operating
235.00
+65.49%
142.00
+51.06%
94.00
+0.00%
94.00
Net Interest Income
-141.00
-243.90%
-41.00
-192.86%
-14.00
+65.85%
-41.00
Interest Expense
235.00
+65.49%
142.00
+51.06%
94.00
+0.00%
94.00
Interest Income Non Operating
94.00
-6.93%
101.00
+26.25%
80.00
+50.94%
53.00
Interest Income
94.00
-6.93%
101.00
+26.25%
80.00
+50.94%
53.00
Other Income Expense
-266.00
+19.15%
-329.00
+34.20%
-500.00
+5.66%
-530.00
Other Non Operating Income Expenses
-16.00
—
-39.00
-178.00%
50.00
Tax Provision
46.00
-69.33%
150.00
+70.45%
88.00
+319.05%
21.00
Tax Rate For Calcs
0.00
+14.18%
0.00
+1.48%
0.00
+3.44%
0.00
Tax Effect Of Unusual Items
-78.50
+13.24%
-90.47
+27.58%
-124.93
+17.79%
-151.96
Net Income Including Noncontrolling Interests
100.00
-74.68%
395.00
+68.09%
235.00
+305.17%
58.00
Net Income From Continuing Operation Net Minority Interest
100.00
-74.68%
395.00
+68.09%
235.00
+305.17%
58.00
Net Income From Continuing And Discontinued Operation
100.00
-74.68%
395.00
+68.09%
235.00
+305.17%
58.00
Net Income Continuous Operations
100.00
-74.68%
395.00
+68.09%
235.00
+305.17%
58.00
Normalized Income
271.50
-57.14%
633.52
+10.94%
571.07
+17.49%
486.04
Net Income Common Stockholders
100.00
-74.68%
395.00
+68.09%
235.00
+305.17%
58.00
Diluted EPS
0.83
-73.05%
3.08
+68.31%
1.83
+306.67%
0.45
Basic EPS
0.85
-72.84%
3.13
+70.11%
1.84
+300.00%
0.46
Basic Average Shares
118.17
-6.31%
126.14
-0.97%
127.38
+0.57%
126.66
Diluted Average Shares
119.93
-6.58%
128.37
-0.26%
128.71
+0.63%
127.90
Diluted NI Availto Com Stockholders
100.00
-74.68%
395.00
+68.09%
235.00
+305.17%
58.00
Gain On Sale Of PPE
—
-11.00
+97.14%
-385.00
+19.96%
-481.00
Rent Expense Supplemental
1,359.00
+37.55%
988.00
+11.26%
888.00
+1.83%
872.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
20,361.00
+3.00%
19,768.00
+35.28%
14,613.00
+3.01%
14,186.00
Current Assets
3,266.00
-13.14%
3,760.00
+39.00%
2,705.00
-11.02%
3,040.00
Cash Cash Equivalents And Short Term Investments
2,123.00
-14.22%
2,475.00
+38.19%
1,791.00
-25.90%
2,417.00
Cash And Cash Equivalents
627.00
-47.79%
1,201.00
+327.40%
281.00
-16.86%
338.00
Other Short Term Investments
1,496.00
+17.43%
1,274.00
-15.63%
1,510.00
-27.37%
2,079.00
Receivables
565.00
+1.25%
558.00
+45.69%
383.00
+29.39%
296.00
Accounts Receivable
565.00
+1.25%
558.00
+45.69%
383.00
+29.39%
296.00
Inventory
203.00
+2.01%
199.00
+71.55%
116.00
+11.54%
104.00
Prepaid Assets
278.00
-9.45%
307.00
+74.43%
176.00
+7.98%
163.00
Restricted Cash
28.00
-3.45%
29.00
0.00
—
Other Current Assets
69.00
-64.06%
192.00
-19.67%
239.00
+298.33%
60.00
Total Non Current Assets
17,095.00
+6.79%
16,008.00
+34.43%
11,908.00
+6.84%
11,146.00
Net PPE
13,125.00
+8.68%
12,077.00
+26.03%
9,583.00
+9.80%
8,728.00
Gross PPE
18,070.00
+8.69%
16,625.00
+19.39%
13,925.00
+8.32%
12,855.00
Accumulated Depreciation
-4,945.00
-8.73%
-4,548.00
-4.74%
-4,342.00
-5.21%
-4,127.00
Construction In Progress
731.00
-17.21%
883.00
+79.84%
491.00
-26.72%
670.00
Other Properties
3,692.00
+6.43%
3,469.00
+15.29%
3,009.00
+81.16%
1,661.00
Leases
—
—
76.00
+15.15%
66.00
Goodwill And Other Intangible Assets
3,538.00
-1.64%
3,597.00
+76.93%
2,033.00
-0.25%
2,038.00
Goodwill
2,723.00
-0.04%
2,724.00
+40.20%
1,943.00
—
Other Intangible Assets
815.00
-6.64%
873.00
+870.00%
90.00
—
Other Non Current Assets
432.00
+29.34%
334.00
+14.38%
292.00
-23.16%
380.00
Total Liabilities Net Minority Interest
16,243.00
+5.50%
15,396.00
+46.63%
10,500.00
+1.25%
10,370.00
Current Liabilities
6,589.00
+7.23%
6,145.00
+37.81%
4,459.00
-0.76%
4,493.00
Payables And Accrued Expenses
2,260.00
+3.48%
2,184.00
+37.27%
1,591.00
-5.63%
1,686.00
Payables
324.00
+74.19%
186.00
-10.14%
207.00
-6.33%
221.00
Accounts Payable
324.00
+74.19%
186.00
-10.14%
207.00
-6.33%
221.00
Current Accrued Expenses
1,936.00
-3.10%
1,998.00
+44.36%
1,384.00
-5.53%
1,465.00
Employee Benefits
369.00
-19.78%
460.00
+27.07%
362.00
+4.02%
348.00
Current Debt And Capital Lease Obligation
918.00
+39.73%
657.00
+28.57%
511.00
+1.39%
504.00
Current Debt
721.00
+60.22%
450.00
+55.71%
289.00
+4.71%
276.00
Other Current Borrowings
721.00
+60.22%
450.00
+55.71%
289.00
+4.71%
276.00
Current Capital Lease Obligation
197.00
-4.83%
207.00
-6.76%
222.00
-2.63%
228.00
Current Deferred Liabilities
3,411.00
+3.24%
3,304.00
+40.18%
2,357.00
+2.34%
2,303.00
Current Deferred Revenue
3,411.00
+3.24%
3,304.00
+40.18%
2,357.00
+2.34%
2,303.00
Total Non Current Liabilities Net Minority Interest
9,654.00
+4.36%
9,251.00
+53.14%
6,041.00
+2.79%
5,877.00
Long Term Debt And Capital Lease Obligation
5,975.00
+4.17%
5,736.00
+73.45%
3,307.00
+0.95%
3,276.00
Long Term Debt
4,834.00
+6.52%
4,538.00
+107.97%
2,182.00
+15.88%
1,883.00
Long Term Capital Lease Obligation
1,141.00
-4.76%
1,198.00
+6.49%
1,125.00
-19.24%
1,393.00
Non Current Pension And Other Postretirement Benefit Plans
369.00
-19.78%
460.00
+27.07%
362.00
+4.02%
348.00
Non Current Deferred Liabilities
2,715.00
+4.50%
2,598.00
+25.08%
2,077.00
+6.62%
1,948.00
Non Current Deferred Revenue
1,711.00
+2.82%
1,664.00
+20.41%
1,382.00
+0.58%
1,374.00
Non Current Deferred Taxes Liabilities
1,004.00
+7.49%
934.00
+34.39%
695.00
+21.08%
574.00
Other Non Current Liabilities
595.00
+30.20%
457.00
+54.92%
295.00
-3.28%
305.00
Stockholders Equity
4,118.00
-5.81%
4,372.00
+6.30%
4,113.00
+7.78%
3,816.00
Common Stock Equity
4,118.00
-5.81%
4,372.00
+6.30%
4,113.00
+7.78%
3,816.00
Capital Stock
1.00
+0.00%
1.00
+0.00%
1.00
+0.00%
1.00
Common Stock
1.00
+0.00%
1.00
+0.00%
1.00
+0.00%
1.00
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
145.12
+2.59%
141.45
+1.79%
138.96
+1.52%
136.88
Ordinary Shares Number
115.53
-6.16%
123.12
-2.36%
126.09
-1.13%
127.53
Treasury Shares Number
29.58
+61.40%
18.33
+42.42%
12.87
+37.65%
9.35
Additional Paid In Capital
961.00
+18.50%
811.00
+16.69%
695.00
+20.45%
577.00
Retained Earnings
5,030.00
+2.03%
4,930.00
+8.71%
4,535.00
+5.47%
4,300.00
Gains Losses Not Affecting Retained Earnings
-173.00
+27.62%
-239.00
+20.07%
-299.00
+22.94%
-388.00
Treasury Stock
1,701.00
+50.40%
1,131.00
+38.10%
819.00
+21.51%
674.00
Other Equity Adjustments
—
—
-299.00
+22.94%
-388.00
Total Equity Gross Minority Interest
4,118.00
-5.81%
4,372.00
+6.30%
4,113.00
+7.78%
3,816.00
Total Capitalization
8,952.00
+0.47%
8,910.00
+41.54%
6,295.00
+10.46%
5,699.00
Working Capital
-3,323.00
-39.33%
-2,385.00
-35.97%
-1,754.00
-20.72%
-1,453.00
Invested Capital
9,673.00
+3.34%
9,360.00
+42.16%
6,584.00
+10.19%
5,975.00
Total Debt
6,893.00
+7.82%
6,393.00
+67.44%
3,818.00
+1.01%
3,780.00
Net Debt
4,928.00
+30.13%
3,787.00
+72.92%
2,190.00
+20.26%
1,821.00
Capital Lease Obligations
1,338.00
-4.77%
1,405.00
+4.31%
1,347.00
-16.90%
1,621.00
Net Tangible Assets
580.00
-25.16%
775.00
-62.74%
2,080.00
+16.99%
1,778.00
Tangible Book Value
580.00
-25.16%
775.00
-62.74%
2,080.00
+16.99%
1,778.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
1,249.00
-14.69%
1,464.00
+39.43%
1,050.00
-25.95%
1,418.00
Cash Flow From Continuing Operating Activities
1,249.00
-14.69%
1,464.00
+39.43%
1,050.00
-25.95%
1,418.00
Net Income From Continuing Operations
100.00
-74.68%
395.00
+68.09%
235.00
+305.17%
58.00
Depreciation Amortization Depletion
795.00
+36.36%
583.00
+29.27%
451.00
+8.67%
415.00
Depreciation And Amortization
795.00
+36.36%
583.00
+29.27%
451.00
+8.67%
415.00
Other Non Cash Items
51.00
+172.86%
-70.00
-116.59%
422.00
-14.92%
496.00
Stock Based Compensation
10.00
-84.13%
63.00
-25.88%
85.00
+102.38%
42.00
Asset Impairment Charge
—
—
—
496.00
Change In Working Capital
293.00
-40.57%
493.00
+444.76%
-143.00
-135.14%
407.00
Change In Receivables
-4.00
+96.88%
-128.00
-573.68%
-19.00
-107.60%
250.00
Changes In Account Receivables
-4.00
+96.88%
-128.00
-573.68%
-19.00
+57.78%
-45.00
Change In Other Working Capital
320.00
-42.65%
558.00
+797.50%
-80.00
-157.14%
140.00
Change In Other Current Liabilities
-23.00
-136.51%
63.00
+243.18%
-44.00
-358.82%
17.00
Investing Cash Flow
-1,623.00
-155.99%
-634.00
+34.23%
-964.00
+20.85%
-1,218.00
Cash Flow From Continuing Investing Activities
-1,623.00
-155.99%
-634.00
+34.23%
-964.00
+20.85%
-1,218.00
Net PPE Purchase And Sale
-1,588.00
-23.97%
-1,281.00
+14.26%
-1,494.00
+10.59%
-1,671.00
Purchase Of PPE
-1,588.00
-23.97%
-1,281.00
+14.26%
-1,494.00
+10.59%
-1,671.00
Capital Expenditure
-1,588.00
-23.97%
-1,281.00
+14.26%
-1,494.00
+10.59%
-1,671.00
Net Investment Purchase And Sale
-190.00
-120.45%
929.00
+50.81%
616.00
+35.38%
455.00
Purchase Of Investment
-1,479.00
-77.76%
-832.00
-55.22%
-536.00
+70.17%
-1,797.00
Sale Of Investment
1,289.00
-26.80%
1,761.00
+52.86%
1,152.00
-48.85%
2,252.00
Net Business Purchase And Sale
0.00
+100.00%
-659.00
0.00
0.00
Purchase Of Business
0.00
+100.00%
-659.00
0.00
0.00
Net Other Investing Changes
155.00
-58.89%
377.00
+538.37%
-86.00
-4200.00%
-2.00
Financing Cash Flow
-199.00
-267.23%
119.00
+180.95%
-147.00
+54.77%
-325.00
Cash Flow From Continuing Financing Activities
-199.00
-267.23%
119.00
+180.95%
-147.00
+54.77%
-325.00
Net Issuance Payments Of Debt
289.00
-26.84%
395.00
+206.20%
129.00
+133.51%
-385.00
Issuance Of Debt
808.00
-65.02%
2,310.00
+462.04%
411.00
0.00
Repayment Of Debt
-519.00
+72.90%
-1,915.00
-579.08%
-282.00
+26.75%
-385.00
Long Term Debt Issuance
808.00
-65.02%
2,310.00
+462.04%
411.00
0.00
Long Term Debt Payments
-519.00
+72.90%
-1,915.00
-579.08%
-282.00
+26.75%
-385.00
Net Long Term Debt Issuance
289.00
-26.84%
395.00
+206.20%
129.00
+133.51%
-385.00
Net Common Stock Issuance
-570.00
-82.69%
-312.00
-127.74%
-137.00
0.00
Common Stock Payments
-570.00
-82.69%
-312.00
-127.74%
-137.00
0.00
Common Stock Dividend Paid
—
—
—
0.00
Cash Dividends Paid
—
—
—
0.00
Repurchase Of Capital Stock
-570.00
-82.69%
-312.00
-127.74%
-137.00
0.00
Net Other Financing Charges
82.00
+127.78%
36.00
+125.90%
-139.00
-331.67%
60.00
Changes In Cash
-573.00
-160.38%
949.00
+1655.74%
-61.00
+51.20%
-125.00
Beginning Cash Position
1,257.00
+308.12%
308.00
-16.53%
369.00
-25.30%
494.00
End Cash Position
684.00
-45.58%
1,257.00
+308.12%
308.00
-16.53%
369.00
Free Cash Flow
-339.00
-285.25%
183.00
+141.22%
-444.00
-75.49%
-253.00
Interest Paid Supplemental Data
223.00
+50.68%
148.00
+40.95%
105.00
+47.89%
71.00
Income Tax Paid Supplemental Data
3.00
-86.36%
22.00
+46.67%
15.00
0.00
SEC Filings

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

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