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Alaska Air Group ALK Q3 2025 earnings

Reported October 23, 2025 · After market close

Revenue$3.8BBeat by $8.8M
EPS$1.05Miss by $0.04
Revenue estimate$3.8B
EPS estimate$1.09

Next report

Oct 22, 2026 (In 2 weeks)
Revenue estimate$4.3B
EPS estimate$0.44

Financials

Q3 2025

Income statement

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Revenue$3.8B+22.6%
Operating income$148.0M-56.6%
Net income$73.0M-69.1%
EPS (diluted)$0.62-66.3%

Balance sheet

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Cash & equivalents$835.0M-21.9%
Total debt$6.5B+5.5%
Total equity$4.0B-10.0%
Total assets$20.0B+2.3%

Cash flow

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Operating cash flow$229.0M-28.0%
CapEx$91.0M+56.9%
Free cash flow$138.0M-46.9%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$5.74B+0.6%
Enterprise value$11.38B+5.6%
P/E38.3×+20.7×
P/S0.4×-0.1×

Profitability

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Operating margin2.1%-2.8pp
Net margin1.1%-2.0pp
FCF margin7.3%+3.3pp

Returns & leverage

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Return on equity3.5%-4.0pp
Debt / equity1.6×+0.2×
Current ratio0.5×-0.1×

Segments

By geography

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Domestic$3.2B+19.3%
Pacific$122.0M+578%
Latin America$100.0M-15.3%

By product

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Loyalty program other$200.0M—
Cargo and Freight$142.0M—

FAQ

When did Alaska Air Group report Q3 2025 earnings?
Alaska Air Group (ALK) reported Q3 2025 earnings on October 23, 2025 after market close.
What were Alaska Air Group's Q3 2025 revenue and EPS?
Alaska Air Group reported revenue of $3.8B and eps of $1.05 for Q3 2025.
Did Alaska Air Group beat estimates in Q3 2025?
Revenue beat the consensus estimate of $3.8B by $8.8M. EPS missed the consensus estimate of $1.09 by $0.04.
How did Alaska Air Group's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 22.6% from $3.1B a year earlier and eps declined 53.3% from $2.25.
Where can I find Alaska Air Group's Q3 2025 SEC filings?
You can read the 8-K earnings release (0000766421-25-000052) and the 10-Q periodic report (0000766421-25-000060) directly on SEC EDGAR. The filing index links above go to sec.gov.