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Alaska Air Group ALK Net debt / EBITDA

Net debt / EBITDA at other companies

Delta Air Lines logo
Delta Air LinesDAL
1.7×-0.4×
Southwest Airlines logo
Southwest AirlinesLUV
1.2×+0.2×
United Airlines Holdings logo
United Airlines HoldingsUAL
2.8×+0.1×
SkyWest logo
SkyWestSKYW
2.4×-0.2×
JetBlue Airways logo
JetBlue AirwaysJBLU
55.9×+39.8×
ALG
Allegiant TravelALGT
-6.1×

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

Calculated from Alaska Air Group’s reported figures.

Based on the most recent quarter.

The source filing: Alaska Air Group’s 10-Q, filed May 7, 2026. Open the filing →

Filed
May 6, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000766421-26-000021

FAQ

What is Alaska Air Group's net debt / EBITDA?
Alaska Air Group (ALK) reported net debt / EBITDA of 5.8× in Q1 2026.
How has Alaska Air Group's net debt / EBITDA changed year-over-year?
Alaska Air Group's net debt / EBITDA increased by 32.6% year-over-year, from 4.4× to 5.8×.
What is the long-term trend for Alaska Air Group's net debt / EBITDA?
Over 4 years (2021 to 2025), Alaska Air Group's net debt / EBITDA has grown at a 14.2% compound annual growth rate (CAGR), from 3.3× to 5.7×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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