ALK on NYSE

Alaska Air Group

Logo: Alaska Air Group Inc., Public domain, via Wikimedia Commons5

U.S. airline holding company

Alaska Air Group, Inc. is an American airline holding company based in SeaTac, Washington, United States.3 From Wikipedia, CC BY-SA 4.0

$36.67 up 0.94 (2.64%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

1985Founded1

Compare with LATAM AIRLINES GROUP S.A., JetBlue Airways or Southwest Airlines, or pick any stock.

  • TickerALK on NYSE1
  • Industrytransport1
  • HeadquartersSeattle1
  • Websiteinvestor.alaskaair.com
  • Legal formjoint-stock company1
  • Incorporated inDE6
  • Business address19300 International Boulevard, Seattle, Wa 981886
  • Filer categoryLarge accelerated filer6

Alaska Air Group, Inc. is an American airline holding company based in SeaTac, Washington, United States. The group owns two mainline carriers, Alaska Airlines and Hawaiian Airlines, along with a regional airline, Horizon Air. Alaska Airlines in turn wholly owns an aircraft ground handling company, McGee Air Services.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

2.1%Operating margin8
0.7%Net margin8
21.3%Revenue growth, 20258
2.4%Return on equity8
1.16×Debt to equity8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Alaska Airlines brought in 64% of the revenue Alaska Air Group broke down this way in fiscal 2025.

  1. Alaska Airlines$9.1B864%up 0% from 2024
  2. Hawaiian Airlines$3.3B823%up 278% from 2024
  3. Regional$1.9B813%up 3% from 2024
Business segments by year
Business segments202320242025
Alaska Airlines$8.9B$9.1B$9.1B
Hawaiian Airlines$0$869.0M$3.3B
Regional$1.6B$1.8B$1.9B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs99¢$14.1B
  • Income tax0¢$46.0M
  • Profit1¢$100.0M

Out of $14.2B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks46¢$570.0M
  • Kept or used elsewhere54¢$679.0M

Out of $1.2B of cash from operations.8

Financial statements

Revenue91011128$14.2B in 2025+62% since 2019
0$5.0B$10.0B$15.0B2019: $8.8B$8.8B20192020: $3.6B$3.6B2020−59%2021: $6.2B$6.2B2021+73%2022: $9.6B$9.6B2022+56%2023: $10.4B$10.4B2023+8%2024: $11.7B$11.7B2024+13%2025: $14.2B$14.2B2025+21%
Operating income91011128$303.0M in 2025−71% since 2019
-$2.0B-$1.0B0$1.0B$2.0B2019: $1.1B$1.1B20192020: -$1.8B-$1.8B20202021: $685.0M$685.0M20212022: $70.0M$70.0M2022−90%2023: $394.0M$394.0M2023+463%2024: $570.0M$570.0M2024+45%2025: $303.0M$303.0M2025−47%
Net income91011128$100.0M in 2025−87% since 2019
-$2.0B-$1.0B0$1.0B2019: $769.0M$769.0M20192020: -$1.3B-$1.3B20202021: $478.0M$478.0M20212022: $58.0M$58.0M2022−88%2023: $235.0M$235.0M2023+305%2024: $395.0M$395.0M2024+68%2025: $100.0M$100.0M2025−75%

Every line of the income statement in the latest annual report, as filed.8

Period ending2025-12-312024-12-312023-12-31
Revenue$14.2B$11.7B$10.4B
Wages and benefits$4.8B$3.6B$3.0B
Variable incentive pay$268.0M$358.0M$200.0M
Aircraft fuel, including hedging gains and losses$2.9B$2.5B$2.6B
Aircraft maintenance$912.0M$620.0M$488.0M
Aircraft rent$250.0M$207.0M$208.0M
Landing fees and other rentals$1.1B$781.0M$680.0M
Contracted services$590.0M$444.0M$389.0M
Selling expenses$407.0M$349.0M$303.0M
Depreciation and amortization$795.0M$583.0M$451.0M
Food and beverage service$383.0M$287.0M$241.0M
Third-party regional carrier expense$272.0M$243.0M$218.0M
Other$1.1B$854.0M$729.0M
Special items - operating$250.0M$345.0M$443.0M
Total Operating Expenses$13.9B$11.2B$10.0B
Operating Income$303.0M$570.0M$394.0M
Interest income$94.0M$101.0M$80.0M
Interest expense-$272.0M-$171.0M-$121.0M
Interest capitalized$37.0M$29.0M$27.0M
Special items - net non-operating$0$16.0M-$18.0M
Other - net-$16.0M$0-$39.0M
Total Non-operating Expense-$157.0M-$25.0M-$71.0M
Income Before Income Tax$146.0M$545.0M$323.0M
Income tax expense$46.0M$150.0M$88.0M
Net Income$100.0M$395.0M$235.0M
Basic earnings per share (in dollars per share)$0.85$3.13$1.84
Diluted earnings per share (in dollars per share)$0.83$3.08$1.83
Basic118.2M shares126.1M shares127.4M shares
Diluted119.9M shares128.4M shares128.7M shares

Compare Alaska Air Group with another company

The story

Alaska Air Group was formed in 1985 as a holding company for Alaska Airlines, and a year later it acquired Horizon Air and Jet America Airlines. Jet America Airlines was merged into Alaska Airlines in 1987.

In 2011, Alaska Air Group replaced the AMR Corporation in the Dow Jones Transportation Average following AMR's filing for bankruptcy.

On March 29, 2016, Alaska Airlines announced that it would form a wholly owned subsidiary called McGee Air Services, a dedicated airline services company. McGee competes with other companies to provide ground handling, aircraft cleaning and wheelchair services to Alaska Airlines.

On April 4, 2016, Alaska Air Group announced plans to acquire Virgin America, pending approval from US government regulators and Virgin America shareholders; the acquisition was completed on December 14, 2016. The total price was approximately $2.6 billion. Until 2018, Alaska Air Group continued to operate Alaska Airlines and Virgin America as separate airlines and continued to honor both Alaska's Mileage Plan and Virgin America's Elevate loyalty programs. Following the acquisition of Virgin America, the actual number of Alaska Air Group employees had increased from 15,143 at the end of 2015 to 19,112 (12,224 at Alaska Airlines, 3,616 at Horizon Air, and 3,252 at Virgin America) by the end of 2016.

On March 22, 2017, the company announced that Alaska Air Group would merge Virgin America and Alaska Airlines, with the combined airline to operate under the Alaska Airlines brand. The merger was largely completed on April 25, 2018 and the Virgin America brand was fully retired by June 2, 2019.

On December 3, 2023, Alaska Air Group announced that it planned to purchase Hawaiian Airlines in a deal worth approximately $1.9 billion. The deal would retain both Alaska Airlines and Hawaiian Airlines as separate brands. On August 19, 2024, the U.S. Department of Justice completed its regulatory antitrust review of the proposed acquisition and declined to file a lawsuit to block it. The merger received the approval of the U.S. Department of Transportation on September 17, 2024 with the merger closing the following day.

From Wikipedia’s article on Alaska Air Group, shared under CC BY-SA 4.0.7

Products and brands

Fleet

Alaska Air Group operates a mix of Airbus, Boeing and Embraer aircraft through its subsidiaries Alaska Airlines, Hawaiian Airlines, and Horizon Air.

As of March 2026, Alaska Airlines' fleet consists of about 235 Boeing 737 and 5 Boeing 787 aircraft, Hawaiian Airlines' fleet consists of about 18 Airbus A321neo, 24 Airbus A330, and 19 Boeing 717 aircraft, and Horizon Air's fleet consists of about 44 Embraer 175 aircraft, with the combined fleet under Alaska Air Group's management numbering 345 aircraft.

Alaska Air Group has created a new branding identity for its Horizon Air subsidiary and other independently owned and separately directed affiliate regional airlines it chooses to contract to do regional flying business into markets too limited to be flown only on Alaska Airlines mainline equipment. Among the other airlines now sub-contracted to do additional flying for the Alaska Air Group is SkyWest Airlines, who has about 40 Embraer 175 aircraft dedicated to providing service for the Alaska Airlines are painted in a very similar manner to Horizon's. SkyWest's fleet however, is branded Alaska SkyWest to differentiate that airline's aircraft from those of Horizon Air.

Route network

Through Alaska Airlines and Horizon Air, Alaska Air Group services the passenger and cargo markets of the Pacific Northwest with its extensive route network hub through Seattle–Tacoma in Washington state and Portland in Oregon, and the state of Alaska in Anchorage. After the demise of Aloha Airlines and ATA Airlines in 2008, Alaska Air Group expanded heavily centering on Hawaii and other non-airline hub secondary mainland cities and airports, including San Diego and San Jose. After the acquisition of Virgin America in 2016, Alaska Air Group further expanded into California through Virgin America's hubs in San Francisco and Los Angeles. After the acquisition of Hawaiian Airlines in 2024, Alaska Air Group is expanding into Hawaii through Hawaiian Airlines' hub in Honolulu, making it the second largest hub behind Seattle–Tacoma.

From Wikipedia’s article on Alaska Air Group, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Former names

  • ALASKA AIR GROUP INCFeb 15, 1994 to May 18, 20126

Timeline

  1. Jan 2, 1990Went public Listed on NYSE1
  2. 1985Founded Founded1

Recent filings

  1. Sep 30, 20264
  2. Sep 30, 20264
  3. Sep 29, 20268-K
  4. Sep 24, 20264
  5. Sep 24, 20264
  6. Sep 24, 20264
  7. Sep 24, 20264
  8. Aug 21, 20264
  9. Aug 4, 202610-Q
  10. Aug 4, 20264
  11. Aug 3, 2026144
  12. Jul 21, 20268-K
  13. Jul 7, 20263
  14. Jun 30, 20264
  15. Jun 17, 20268-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2