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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

Southwest Airlines logo
LUVLoyalty program — Total operating revenues
$557M+2.4%
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LUVPassenger loyalty - air transportation — Total operating revenues
$688M-14.0%
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LUVPassenger non-loyalty — Total operating revenues
$5.19B+8.9%
Delta Air Lines logo
DALLoyalty and related — Operating revenue
$1.22B+12.8%
Delta Air Lines logo
DALLoyalty travel awards — Operating revenue
$1.03B+9.5%
Southwest Airlines logo
LUVOther Revenue — Total operating revenues
$650M+18.2%

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 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.