Latest revenue
$3.30B
as of 2026-03-31
Latest net income
$-193.0M
as of 2026-03-31
Net margin
-5.8%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $4.61B
- Enterprise value
- $4.61B
- P/E (trailing)
- 46.1×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $65.88
- 52-wk low
- $33.03
- Beta
- —
- Shares out
- 111.4M
5-year trend
What this company does
ITEM 1. BUSINESS Alaska Air Group, Inc. ("Air Group" or the "Company") is a Delaware corporation incorporated in 1985. Air Group operated three airlines, Alaska Airlines, Hawaiian Airlines, and Horizon Air, through October 29, 2025. On that date, Alaska Airlines' and Hawaiian Airlines' operations were combined under Alaska's Federal Aviation Administration (FAA) operating certificate. Hawaiian Airlines is preserved as a distinct brand, providing a unique guest experience to guests traveling to, from, or within the Hawaiian Islands. Alaska Airlines was organized in 1932 and incorporated in 1937 in the state of Alaska. Hawaiian Airlines was originally incorporated in 1929 in the Territory of…
AI summary unavailable — showing raw filing excerpt
Generated from ALK's filing dated 2026-02-12
Key risks
ITEM 1A. RISK FACTORS If any of the following occurs, our business, financial condition, and results of operations could be harmed. The trading price of our common stock could also decline. We operate in a continually changing business environment. In this environment, new risks may emerge, and already identified risks may vary significantly in terms of impact and likelihood of occurrence. Management cannot predict such developments, nor can it assess the impact, if any, on our business of such new risk factors or of events described in any forward-looking statements. We have adopted an enterprise-wide risk analysis and oversight program designed to identify the various risks faced by the…
AI summary unavailable — showing raw filing excerpt
Generated from ALK's filing dated 2026-02-12
Profitability
Operating margin
2.1%
56.2%Net margin
0.7%
79.1%Return on equity
2.4%
73.1%Return on assets
0.5%
75.4%Leverage
Debt / equity
3.94×
12.0%Long-term debt / equity
1.17×
13.1%Debt / assets
79.8%
2.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $3.30B | +5.2% | $-193.0M | -16.3% | -5.8% |
Q4 2025 2025-12-31 | $3.63B | +2.8% | $187.0M | -7.9% | 5.1% |
Q3 2025 2025-09-30 | $3.77B | +22.6% | $73.0M | -69.1% | 1.9% |
Q2 2025 2025-06-30 | $3.70B | +27.9% | $6.0M | -93.2% | 0.2% |
Q1 2025 2025-03-31 | $3.14B | +40.5% | $-166.0M | -25.8% | -5.3% |
Q4 2024 2024-12-31 | $3.53B | — | $203.0M | — | 5.7% |
Q3 2024 2024-09-30 | $3.07B | +8.2% | $236.0M | +69.8% | 7.7% |
Q2 2024 2024-06-30 | $2.90B | +2.1% | $88.0M | -10.2% | 3.0% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Air Transportation, Scheduled · SIC 4512
Your notes
Keep private notes on ALK — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$4.4M
Net activity
−$4.4M
Distinct insiders
4
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns ALK
Institutional value
$1.83B
Total shares held
51.0M
Distinct holders
285
-108 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 11.7M | $432.1M | +1.2M (+11.6%) | Added |
| 2 | DIMENSIONAL FUND ADVISORS LP | 6.3M | $233.5M | +145.5K (+2.3%) | Added |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 5.2M | $189.7M | — | New |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 5.1M | $185.8M | — | New |
| 5 | Capital World Investors | 3.5M | $129.8M | — | New |
| 6 | PRIMECAP MANAGEMENT CO/CA/ | 3.3M | $119.5M | -10.5K (-0.3%) | Trimmed |
| 7 | UBS Group AG | 1.7M | $61.2M | +618.8K (+59.2%) | Added |
| 8 | Bank of New York Mellon Corp | 726.0K | $26.7M | +462 (+0.1%) | Added |
| 9 | VANGUARD FIDUCIARY TRUST CO | 715.7K | $26.3M | — | New |
| 10 | U S GLOBAL INVESTORS INC | 596.6K | $21.9M | +140.6K (+30.8%) | Added |
| 11 | FRANKLIN RESOURCES INC | 578.6K | $21.3M | -10.6K (-1.8%) | Trimmed |
| 12 | Invesco Ltd. | 536.2K | $19.7M | -437.4K (-44.9%) | Trimmed |
| 13 | JPMORGAN CHASE & CO | 533.7K | $18.2M | -405.8K (-43.2%) | Trimmed |
| 14 | Capital Research Global Investors | 475.4K | $17.5M | -2.7M (-85.0%) | Trimmed |
| 15 | RHUMBLINE ADVISERS | 426.2K | $15.7M | +40.9K (+10.6%) | Added |
| 16 | STIFEL FINANCIAL CORP | 386.7K | $14.2M | -1.4K (-0.4%) | Trimmed |
| 17 | Privium Fund Management (UK) Ltd | 351.3K | $12.7M | +331.3K (+1653.8%) | Added |
| 18 | Private Advisory Group LLC | 270.0K | $9.9M | — | New |
| 19 | PRINCIPAL FINANCIAL GROUP INC | 269.7K | $9.9M | +6.7K (+2.5%) | Added |
| 20 | DELTEC ASSET MANAGEMENT LLC | 269.6K | $9.9M | +239.6K (+798.7%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once ALK's latest filing finishes processing.