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Alaska Air Group ALK Passenger ancillary revenue — 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
Cargo and Freight
$153M+25.4%

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EVGOAncillary — Total Revenue
$3.21M-63.6%

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 passenger ancillary revenue — total operating revenue?
Alaska Air Group (ALK) reported passenger ancillary revenue — total operating revenue of $147M in Q1 2026.
How has Alaska Air Group's passenger ancillary revenue — total operating revenue changed year-over-year?
Alaska Air Group's passenger ancillary revenue — total operating revenue increased by 5.0% year-over-year, from $140M to $147M.
What is the long-term trend for Alaska Air Group's passenger ancillary revenue — total operating revenue?
Over 4 years (2021 to 2025), Alaska Air Group's passenger ancillary revenue — total operating revenue has grown at a 18.6% compound annual growth rate (CAGR), from $327M to $646M.
What does passenger ancillary revenue — total operating revenue mean?
This metric represents the total revenue generated from non-ticket passenger services, such as baggage fees, seat selection charges, and onboard sales. It serves as a key indicator of an airline's ability to monetize secondary service offerings beyond the base airfare. Growth in this area reflects the effectiveness of the company's unbundling strategy and its ability to drive incremental yield per passenger.

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