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

Screener

Other segment segments

Alaska Airlines

$0—

Hawaiian Airlines

$0—

Similar metrics at other companies

MGMRegional Operations — Other segment items

$196.12M+4.8%

JBLUSpecial items

$0-100%

AIR

AIRTRegional airline — Other segment items

$8.18M—

FSpecial Items, Expense

$4.18B+221%

MGMRegional Operations — CapEx

$32.07M-22.3%

MGMRegional Operations — Gaming taxes

$176.01M-10.0%

Other financials

Income statement

See full

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$5.58B-7.5%

Enterprise value$10.75B-7.4%

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 alk:SpecialItemsNetOperatingIncomeExpense.

The source filing: Alaska Air Group’s 10-K, filed February 12, 2026.

Filed: Feb 12, 2026, 4:07 PM EST
Fiscal year: FY2025
Accession: 0000766421-26-000010

(in millions)	Alaska Airlines	Hawaiian Airlines	Regional	Consolidating & Other(a)	Consolidated
Food and beverage service	244	108	—	31	383
Other(b)	692	243	—	123	1,058
Regional carrier expenses	—	—	1,471	(1,199)	272
Special items - operating(c)	—	—	—	250	250
Total Operating Expenses	8,549	3,363	1,854	170	13,936
Non-operating Income (Expense)
Interest income	176	10	—	(92)	94
Interest expense	(209)	(122)	—	59	(272)

ITEM 8. CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

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.