What does alaska airlines — special items - operating mean?

Includes non-recurring or unusual operating charges that are excluded from core operational performance analysis. Identifying these items allows investors to better assess the underlying profitability of the airline's standard operations.

Alaska Air Group (ALK) Alaska Airlines — Special items - operating

Screener

Other segment segments

Hawaiian Airlines

$0—

Regional

$0—

Similar metrics at other companies

DALAirline — Other segment items

$6.63B+11.7%

JBLUSpecial items

$0-100%

AIR

AIRTRegional airline — Other segment items

$8.18M—

FSpecial Items, Expense

$4.18B+221%

DALAirline — Operating revenue

$17.67B+13.9%

ALG

ALGTSun Country Airlines — Special charges, net of recoveries

$26.44M—

Other financials

Income statement

See full

Revenue$4.1B+9.7%

Operating income-$168.0M-161%

Net income-$76.0M-144%

EPS (diluted)-$0.68-148%

Balance sheet

See full

Cash & equivalents$1.1B+32.8%

Total debt$6.2B-2.2%

Total equity$3.7B-6.9%

Total assets$21.2B+6.8%

Cash flow

See full

Operating cash flow$185.0M-50.8%

CapEx-$185.0M-315%

Free cash flow--100%

Valuation

See full

Market cap$5.58B-7.5%

Enterprise value$10.75B-7.4%

P/S0.4×-0.1×

Profitability

See full

Operating margin-1.5%-5.2pp

Net margin-1.2%-3.5pp

FCF margin4.2%-4.3pp

Returns & leverage

See full

Return on equity-4.6%-12.3pp

Debt / equity1.7×+0.1×

Current ratio0.5×0.0×

Where this comes from

Reported directly by Alaska Air Group in its filing.

Tagged under the XBRL concept alk:SpecialItemsNetOperatingIncomeExpense.

The source filing: Alaska Air Group’s 10-K, filed February 12, 2026.

Filed: Feb 12, 2026, 4:07 PM EST
Fiscal year: FY2025
Accession: 0000766421-26-000010

Year Ended December 31 (in millions, except per share amounts)	2025	2024	2023
Food and beverage service	383	287	241
Third-party regional carrier expense	272	243	218
Other	1,058	854	729
Special items - operating	250	345	443
Total Operating Expenses	13,936	11,165	10,032
Operating Income	303	570	394
Non-operating Income (Expense)
Interest income	94	101	80

ITEM 8. CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Alaska Air Group's alaska airlines — special items - operating?: Alaska Air Group (ALK) reported alaska airlines — special items - operating of $0 in Q4 2025.
What does alaska airlines — special items - operating mean?: Includes non-recurring or unusual operating charges that are excluded from core operational performance analysis. Identifying these items allows investors to better assess the underlying profitability of the airline's standard operations.