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Alaska Air Group ALK Operating margin

Operating margin at other companies

Delta Air Lines logo
Delta Air LinesDAL
8.1%-1.3pp
Southwest Airlines logo
Southwest AirlinesLUV
3.5%+2.3pp
United Airlines Holdings logo
United Airlines HoldingsUAL
7.7%-0.9pp
SkyWest logo
SkyWestSKYW
14%-1.2pp
JetBlue Airways logo
JetBlue AirwaysJBLU
-5.9%-15.3pp
ALG
Allegiant TravelALGT
2%+1.1pp

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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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 trailing twelve months.

The source filing: Alaska Air Group’s 8-K, filed July 21, 2026. Open the filing →

Filed
Jul 21, 2026, 4:30 PM EDT
Accession
0000766421-26-000036

FAQ

What is Alaska Air Group's operating margin?
Alaska Air Group (ALK) reported operating margin of -1.5% in Q2 2026.
How has Alaska Air Group's operating margin changed year-over-year?
Alaska Air Group's operating margin decreased by 141.3% year-over-year, from 3.7% to -1.5%.
What is the long-term trend for Alaska Air Group's operating margin?
Over 5 years (2020 to 2025), Alaska Air Group's operating margin has grown at a -46.8% compound annual growth rate (CAGR), from -49.8% to 2.1%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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