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Alaska Air Group ALK Operating margin

Operating margin at other companies

Delta Air Lines logo
Delta Air LinesDAL
8.8%-0.8pp
Southwest Airlines logo
Southwest AirlinesLUV
3.4%+1.6pp
United Airlines Holdings logo
United Airlines HoldingsUAL
8.4%-1.3pp
SkyWest logo
SkyWestSKYW
14.6%+0.1pp
Matsons logo
MatsonsMATX
14.4%-2.7pp
Boeing logo
BoeingBA
4.6%+2.6pp

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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Net margin0.5%-2.3pp
FCF margin6.3%-4.4pp

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 operating margin?
Alaska Air Group (ALK) reported operating margin of 1.5% in Q1 2026.
How has Alaska Air Group's operating margin changed year-over-year?
Alaska Air Group's operating margin decreased by 64.0% year-over-year, from 4.3% 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.