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Alaska Air Group ALK Loyalty program passenger revenue — Total Operating Revenue

Other product segments

Passenger
$2.6B
Passenger ticket revenue, net of taxes and fees
$2.38B+6.9%
Loyalty program other
$227M
Cargo and Freight
$153M+25.4%
Passenger ancillary revenue
$152M+12.6%

Similar metrics at other companies

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LUVPassenger non-loyalty — Total operating revenues
$6.1B+12.0%
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LUVLoyalty program — Total operating revenues
$578M+7.8%
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LUVPassenger loyalty - air transportation — Total operating revenues
$766M-12.0%
Frontier Group Holdings, Inc. logo
ULCCTotal non-fare passenger revenue — Total operating revenues
$622M+13.1%
ALN
ALNYRoyalty revenue — Total revenues
$71.67M+79.3%
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LUVPassenger — Total operating revenues
$7.75B+16.9%

Other financials

Income statement

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Revenue$4.1B+9.7%
Operating income-$168.0M-161%
Net income-$76.0M-144%
EPS (diluted)-$0.68-148%

Balance sheet

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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

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Operating cash flow$185.0M-50.8%
CapEx-$185.0M-315%
Free cash flow--100%

Valuation

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Market cap$5.66B-9.1%
Enterprise value$10.83B-8.2%
P/S0.4×-0.1×

Profitability

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Operating margin-1.5%-5.2pp
Net margin-1.2%-3.5pp
FCF margin4.2%-4.3pp

Returns & leverage

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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 us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Alaska Air Group’s 10-Q, filed May 7, 2026.

Filed
May 6, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000766421-26-000021
(in millions)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Passenger ticket revenue, net of taxes and fees$2,426$2,352
Passenger ancillary revenue147140
Loyalty program passenger revenue347316
Total Passenger revenue$2,920$2,808

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Alaska Air Group's loyalty program passenger revenue — total operating revenue?
Alaska Air Group (ALK) reported loyalty program passenger revenue — total operating revenue of $347M in Q1 2026.
How has Alaska Air Group's loyalty program passenger revenue — total operating revenue changed year-over-year?
Alaska Air Group's loyalty program passenger revenue — total operating revenue increased by 9.8% year-over-year, from $316M to $347M.
What does loyalty program passenger revenue — total operating revenue mean?
This metric represents the proportion of total consolidated operating revenue derived from the airline's loyalty program activities. It measures the relative contribution of frequent flyer program revenue streams, such as credit card partnerships and mileage sales, to the overall top-line performance of the company. This ratio helps investors assess the diversification of revenue sources beyond traditional passenger ticket sales.

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