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Alaska Air Group ALK Cargo and Freight — Total Operating Revenue

Other product segments

Passenger
$2.6B
Passenger ticket revenue, net of taxes and fees
$2.38B+6.9%
Loyalty program passenger revenue
$290M+12.2%
Loyalty program other
$227M
Passenger ancillary revenue
$152M+12.6%

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CPCargo And Freight — Total revenues
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UNPFreight revenues — Total operating revenues
$5.89B+3.5%
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CFCargo and Freight — Revenue from Contract with Customer, Excluding Assessed Tax
$20M+2.6%

Other financials

Income statement

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Revenue$3.3B+5.2%
Operating income-$279.0M-41.6%
Net income-$193.0M-16.3%
EPS (diluted)-$1.69-25.2%

Balance sheet

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Cash & equivalents$508.0M-53.8%
Total debt$6.4B+2.4%
Total equity$3.7B-9.8%
Total assets$20.3B+2.4%

Cash flow

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Operating cash flow$421.0M-8.3%
CapEx$30.0M-28.6%
Free cash flow$391.0M-6.2%

Valuation

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Market cap$5.49B-30.2%
Enterprise value$11.41B-9.7%
P/E75.2×+53.4×
P/S0.4×-0.2×

Profitability

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Operating margin1.5%-2.7pp
Net margin0.5%-2.3pp
FCF margin6.3%-4.4pp

Returns & leverage

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Return on equity1.9%-7.0pp
Debt / equity1.7×+0.2×
Current ratio0.4×-0.1×

Where this comes from

Reported directly by Alaska Air Group in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Alaska Air Group’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Alaska Air Group's cargo and freight — total operating revenue?
Alaska Air Group (ALK) reported cargo and freight — total operating revenue of $153M in Q1 2026.
How has Alaska Air Group's cargo and freight — total operating revenue changed year-over-year?
Alaska Air Group's cargo and freight — total operating revenue increased by 25.4% year-over-year, from $122M to $153M.
What is the long-term trend for Alaska Air Group's cargo and freight — total operating revenue?
Over 4 years (2021 to 2025), Alaska Air Group's cargo and freight — total operating revenue has grown at a 26.3% compound annual growth rate (CAGR), from $216M to $549M.
What does cargo and freight — total operating revenue mean?
This metric represents the total gross revenue generated from the transportation of cargo and freight shipments across the airline's network. It captures the economic value derived from air cargo services, excluding any adjustments for taxes collected on behalf of government agencies. Monitoring this figure helps investors assess the contribution of logistics and freight operations to the company's overall top-line performance.