ALASKA AIR GROUP, INC.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $14.2B | $11.7B | $10.4B | $9.6B | $6.2B |
| Operating income | $303.0M | $570.0M | $394.0M | $70.0M | $685.0M |
| Operating expenses | — | $11.2B | $10.0B | $9.6B | $5.5B |
| Cash from operations | $1.2B | $1.5B | $1.1B | $1.4B | $1.0B |
| Capital expenditure | $309.0M | $293.0M | $1.5B | $1.7B | $292.0M |
| Free cash flow | $940.0M | $1.2B | -$444.0M | -$253.0M | $738.0M |
| Share repurchases | $570.0M | $312.0M | $137.0M | $0 | $0 |
| Impairments | — | — | — | $481.0M | — |
| Total assets | $20.4B | $19.8B | $14.6B | $14.2B | $14.0B |
| Total debt | $5.4B | $5.0B | $2.5B | $2.2B | $2.6B |
Shares outstanding 111.4M · Free float 89.3%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.