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Alaska Air Group ALK Free cash flow margin

Free cash flow margin at other companies

Southwest Airlines logo
Southwest AirlinesLUV
-1.4%-0.4pp
United Airlines Holdings logo
United Airlines HoldingsUAL
7%+6.0pp
SkyWest logo
SkyWestSKYW
21.3%+3.4pp
Matsons logo
MatsonsMATX
16.7%-6.9pp
Boeing logo
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-11.3%+15.2pp
Carnival Corporation logo
Carnival CorporationCCL
11.1%+3.3pp

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%

Profitability

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Operating margin1.5%-2.7pp
Net margin0.5%-2.3pp

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

Calculated from Alaska Air Group’s reported figures.

Based on trailing twelve months.

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 free cash flow margin?
Alaska Air Group (ALK) reported free cash flow margin of 6.3% in Q1 2026.
How has Alaska Air Group's free cash flow margin changed year-over-year?
Alaska Air Group's free cash flow margin decreased by 40.7% year-over-year, from 10.7% to 6.3%.
What is the long-term trend for Alaska Air Group's free cash flow margin?
Over 4 years (2020 to 2025), Alaska Air Group's free cash flow margin has grown at a -15.2% compound annual growth rate (CAGR), from -12.8% to 6.6%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.