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Alaska Air Group ALK Q4 2025 Annual earnings

Reported January 22, 2026 · After market close

Revenue$3.6BMiss by $10.3M
EPS$0.43Beat by $0.32
Revenue estimate$3.6B
EPS estimate$0.11

Next report

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

Financials

Q4 2025

Income statement

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Revenue$3.6B+2.8%
Operating income$75.0M+2.7%
Net income$21.0M-70.4%
EPS (diluted)$0.18-67.9%

Balance sheet

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Cash & equivalents$684.0M-45.6%
Total debt$6.9B+7.8%
Total equity$4.1B-5.8%
Total assets$20.4B+3.0%

Cash flow

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Operating cash flow$185.0M-32.5%
CapEx$90.0M-1.1%
Free cash flow$95.0M-48.1%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$5.83B-29.0%
Enterprise value$12.04B-9.8%
P/E58.3×+37.5×
P/S0.4×-0.3×

Profitability

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Operating margin2.1%-2.7pp
Net margin0.7%-2.7pp
FCF margin6.6%-3.4pp

Returns & leverage

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Return on equity2.4%-7.0pp
Debt / equity1.7×+0.2×
Current ratio0.5×-0.1×

Segments

By geography

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Domestic$2.9B+1.9%
Latin America$194.0M-2.5%
Pacific$148.0M+15.6%

By product

See full
Loyalty program other$238.0M—
Cargo and Freight$146.0M+10.6%

FAQ

When did Alaska Air Group report Q4 2025 earnings?
Alaska Air Group (ALK) reported Q4 2025 earnings on January 22, 2026 after market close.
What were Alaska Air Group's Q4 2025 revenue and EPS?
Alaska Air Group reported revenue of $3.6B and eps of $0.43 for Q4 2025.
Did Alaska Air Group beat estimates in Q4 2025?
Revenue missed the consensus estimate of $3.6B by $10.3M. EPS beat the consensus estimate of $0.11 by $0.32.
How did Alaska Air Group's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.8% from $3.5B a year earlier and eps declined 55.7% from $0.97.
Where can I find Alaska Air Group's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000766421-26-000007) and the 10-K periodic report (0000766421-26-000010) directly on SEC EDGAR. The filing index links above go to sec.gov.