What is Alaska Air Group's regional — special items - operating?

Alaska Air Group (ALK) reported regional — special items - operating of $0 in Q4 2025.

What does regional — special items - operating mean?

Includes non-recurring or unusual operating charges and credits that are excluded from core regional segment performance metrics. Identifying these items allows investors to better understand the underlying, sustainable profitability of the regional business.

Alaska Air Group ALK Regional — Special items - operating

Other segment segments

Alaska Airlines

$0—

Hawaiian Airlines

$0—

Similar metrics at other companies

CZRRegional — Segment Reporting, Other Segment Item, Amount

$357M+2.9%

MGMRegional Operations — Other segment items

$193.89M+13.7%

COPOther Segment Items

-$3M+50.0%

ALH

ALHNorth America — Other segment items

$28.93M+10.1%

NRGOther Segment Items

$40M+233%

NEUSpecialty Materials — Segment operating profit

$12.42M-46.4%

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

See full

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 alk:SpecialItemsNetOperatingIncomeExpense.

The official record: Alaska Air Group’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Alaska Air Group's regional — special items - operating?: Alaska Air Group (ALK) reported regional — special items - operating of $0 in Q4 2025.
What does regional — special items - operating mean?: Includes non-recurring or unusual operating charges and credits that are excluded from core regional segment performance metrics. Identifying these items allows investors to better understand the underlying, sustainable profitability of the regional business.