Alaska Air Group, Inc. (ALK) Stock Price Quote, News &…

Summary

Alaska Air Group, Inc. operates via its subsidiaries, providing comprehensive air transportation solutions for both passengers and freight. Its business is organized into three principal segments: Mainline, Regional, and Horizon. The airline extends its services to approximately 120 destinations throughout North America. Originally established in Seattle, Washington, in 1932, the company maintains its corporate base in that city.

Website

www.alaskaair.com

Location

Seattle, WA, US

Phone206 392 5040

Employees31,596

CEOBenito Minicucci

Sector

Industrials

Industry

Air Freight & Logistics

IPO DateMar 17, 1980

Ask AI

Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

How it makes money

A short diagram of the business model.

Latest Documents

Mentions in Filings

… 3 2026 ($ millions) Revenue Operating income (loss) Margin SkyWest 1,117.4 176.0 15.8% Republic Airways 553.5 63.2 11.4% United 17,875 1,446 8.1% Delta 20,186 1,454 7.2% GlobalX 71.8 4.0 5.6% Southwest 8,422 379 4.5% Alaska Air Group 4,308 82 1.9% Allegiant 961.6 10.8 1.1% American 16,335 115 0.7% JetBlue 2,812 (144) (5.1%) Frontier 1,355 (108) (8.0%) 1 Operating margin = GAAP operating income (loss) ÷ total operating revenue for the three months …
Global Crossing Airlines Group Inc.Alaska Air Group, Inc.·EX-99.3 - 8-K - Results of Operations and Financial Condition·Q4 26·6 Nov
… e Court in September 2022 and August 2025, respectively. A number of follow-on cases involving entities that opted out of the Subscriber Settlement Agreement have been filed and remain pending. Those actions are: Alaska Air Group, Inc., et al. v. Anthem, Inc., et al., No. 2:21-cv-01209-AMM (N.D. Ala.) (“Alaska Air”); JetBlue Airways Corp., et al. v. Anthem, Inc., et al., No. 2:22-cv-00558-GMB (N.D. Ala.) (“Jet Blue”); Metropolitan Transportation …
Elevance Health, Inc.Alaska Air Group, Inc.·10-Q - Quarterly report Q3·Q3 26·21 Oct
… uteAir; Endeavor, Inc. (owned by Delta); Envoy Air, Inc., PSA Airlines, Inc. and Piedmont Airlines, Inc. (Envoy, PSA and Piedmont are owned by American); GoJet Airlines, LLC; Horizon Air Industries, Inc. (owned by Alaska Air Group, Inc.); Republic Airways Holdings Inc. (and, prior to November 2025, Mesa Airlines, Inc., which merged with Republic Airways in November 2025); and SkyWest Inc. Major airlines typically selected regional airline partne …
HARBOR DIVERSIFIED, INC.Alaska Air Group, Inc.·10-K - Annual report FY 2025·FY25·9 Oct
#\*AeroVironment, Inc. 3,603 1,003,039 AGCO Corp. 17,888 2,028,678 Air Lease Corp., Class A 29,057 1,877,954 Alamo Group, Inc. 3,011 588,078 \*Alaska Air Group, Inc. 32,221 1,637,793 Albany International Corp., Class A 8,220 456,128 Alight, Inc., Class A 119,025 182,108 \*Allegiant Travel Co. 4,347 385,275 Allegion PLC 24,952 4,126,811
Dimensional ETF TrustAlaska Air Group, Inc.·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
… late 2025 and early 2026 to establish current year compensation, the Committee’s independent compensation consultant considered American Airlines Group Inc., Delta Air Lines, Inc., United Airlines Holdings, Inc., Alaska Air Group, Inc., and JetBlue Airways Corporation to be the most relevant airline peers. The comparative airline data utilized was based on 2024 compensation reported in these airlines’ 2025 proxy statements and was not aged forwa …
SOUTHWEST AIRLINES COAlaska Air Group, Inc.·8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q3 26·7 Aug
… Net Unrealized Appreciation (Depreciation) | | | Percentage of Swap Value | | | AAON INC | (779 | ) | $ | (72,710 | ) | $ | (3,714 | ) | (9.0 | )% | | AGCO CORP | (564 | ) | | (68,305 | ) | | (796 | ) | (1.9 | )% | | ALASKA AIR GROUP INC | (1,644 | ) | | (64,285 | ) | | 2,682 | | 6.5 | % | | ALLISON TRANSMISSION HOLDING | (589 | ) | | (79,195 | ) | | (7,880 | ) | (19.2 | )% | | ARCBEST CORP | (722 | ) | | (92,095 | ) | | (18,749 | ) | (45.7 | )% …
SEG Partners Long/Short Equity FundAlaska Air Group, Inc.·486BPOS - Post-effective amendment (closed-end investment companies)·Q4 26·16 Oct

Key Stats

Trading

Px/Chg 1D$39.53 / +0.10%

Prev Close$42.04

% of 52Wk H61.84%

Avg Volume4.12M

Beta2.16

Mkt Cap4.40B

FD Mkt Cap4.54B

Float

Shrs Out/Float111.43M / 110.82M

Short Float0.11%

Days to Cover3.52

Stock Repurchased$193.00M

Current Valuation

EV10.62B

EV/EBITDA9.52

EV/Sales0.74

P/B1.18

P/S0.31

FCF Yield1.88%

ROE-5.17%

ROA-0.95%

Current Ratio0.43

Dividend

Cash$0.38

Yield2.16%

Yield (TTM)2.16%

Estimates

P/E60.34

Est P/E0.00

Est EPS-1.65

Est PEG0.00

Valuation

Metric	5Yr Avg	May '23	May '24	May '25	May '26	Oct '26
PRICE-BASED RATIOS
Price / Earnings	66.25	91.91	23.14	16.02	222.87	-22.69
Price / Sales	0.85	0.55	0.52	0.54	1.29	1.33
Price / Book Value	1.30	1.40	1.32	1.45	1.14	1.17
Price / Free Cash Flow	8.68	-21.07	-12.25	34.57	-10.64	52.76
ENTERPRISE VALUE METRICS
Enterprise Value	10,162.1	8,773.0	8,975.9	11,519.0	10,946.2	10,596.2
Enterprise Value / Sales	1.80	0.91	0.86	0.98	3.01	3.21
Enterprise Value / EBITDA	-10.62	7.95	7.22	8.08	36.37	-112.73
Enterprise Value / EBIT	21.62	12.43	10.97	12.96	107.32	-35.56

Financials

Full Financials

Millions USD	5Yr CAGR (%)	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
INCOME STATEMENT
Revenue	23.2%	6,176.0	9,646.0	10,426.0	11,735.0	14,239.0
Gross Income	79.6%	817.0	2,133.0	2,463.0	2,861.0	8,495.0
EBITDA	75.3%	137.0	1,104.0	1,244.0	1,425.0	1,294.0
EBIT	—	-257.0	706.0	818.0	889.0	499.0
Net Income	-32.4%	478.0	58.0	235.0	395.0	100.0
EPS (Diluted)	-30.7%	3.77	0.45	1.83	3.08	0.87
BALANCE SHEET
Cash & ST Inv	-9.1%	3,116.0	2,417.0	1,791.0	2,475.0	2,123.0
Total Assets	8%	14,964.0	15,346.0	15,834.0	19,768.0	20,361.0
Total Liabilities	9.8%	11,163.0	11,530.0	11,721.0	15,396.0	16,243.0
Total Shareholder Equity	2%	3,801.0	3,816.0	4,113.0	4,372.0	4,118.0
CASH FLOW
Net Operating Cash Flow	4.9%	1,030.0	1,418.0	1,050.0	1,464.0	1,249.0
Cap Ex	52.7%	-292.0	-1,671.0	-1,494.0	-1,281.0	-1,588.0
Free Cash Flow	—	738.0	-253.0	-444.0	183.0	-339.0

Enterprise Value Bridge

Millions USD		10 Nov '26
Price (As of 10 Nov '26)		41.28
Basic Shares		111.43
Market Cap		4,599.8
Diluted Shares		111.61
Fully Diluted Shares Outstanding		111.61
Fully Diluted Market Cap		4,607.3
+Consolidated Debt		7,297.0
−In-the-Money Convertible Debt		—
+Capital Leases		1,138.0
+Operating Leases		—
−Cash & Equivalents		-835.0
−Short-term Investments		-1,396.0
+Total Preferred		-
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		-
+Pension Liabilities		—
Enterprise Value		11,061.8

Segment data

Revenue

by Products and services

Alaska Airlines Segment63%
Hawaiian Airlines Segment23%
Regional Segment14%