ALK · XBRL financial data

Alaska Air Group financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (ALK's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	3,566	6,176	9,646	10,426	—	—
Revenue from contracts with customers	—	—	9,646	10,426	11,735	14,239
Total operating expenses	5,341	5,491	9,576	10,032	11,165	—
Operating income (loss)	(1,775)	685	70	394	570	303
Interest income	31	25	53	80	101	94
Interest expense	98	128	108	121	171	272
Other income (expense)	17	36	50	(39)	0	(16)
Income tax expense (benefit)	(516)	151	21	88	150	46
Net income (loss)	(1,324)	478	58	235	395	100
Earnings per share, basic USD per share	(10.72)	3.82	0.46	1.84	3.13	0.85
Earnings per share, diluted USD per share	(10.72)	3.77	0.45	1.83	3.08	0.83
Weighted average shares, basic millions of shares	123	125	127	127	126	118
Weighted average shares, diluted millions of shares	123	127	128	129	128	120

Fiscal years (ALK's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	1,370	470	338	281	1,201	627
Marketable securities	1,976	2,646	2,079	1,510	1,274	1,496
Inventory	57	62	104	116	199	203
Prepaid and other current assets	123	196	—	—	—	—
Total current assets	4,006	3,920	3,040	2,705	3,760	3,266
Property and equipment, net	6,211	6,138	7,257	8,388	10,781	11,857
Right-of-use asset	1,400	1,453	1,471	1,195	1,296	1,268
Goodwill	1,943	2,044	2,038	2,033	2,724	2,723
Total assets	14,046	13,951	14,186	14,613	19,768	20,361
Accounts payable	108	200	221	207	186	324
Accrued liabilities	424	625	846	800	997	1,055
Current portion of long-term debt	1,138	366	276	289	442	540
Total current liabilities	4,293	3,991	4,493	4,459	6,145	6,589
Long-term debt	2,357	2,173	1,883	2,182	4,491	4,769
Lease liability, non-current	1,268	1,279	1,393	1,125	1,198	1,141
Retained earnings	3,764	4,242	4,300	4,535	4,930	5,030
Total stockholders' equity	2,988	3,801	3,816	4,113	4,372	4,118
Total liabilities and equity	14,046	13,951	14,186	14,613	19,768	20,361
Common shares outstanding (cover page) millions of shares	124	126	128	126	123	115

Fiscal years (ALK's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(1,324)	478	58	235	395	100
Stock-based compensation	24	51	42	85	63	10
Depreciation and amortization	420	394	415	451	583	795
Net cash from operating activities	(234)	1,030	1,418	1,050	1,464	1,249
Purchases of property and equipment	206	292	1,671	1,494	—	—
Net cash from investing activities	(593)	(1,008)	(1,218)	(964)	(634)	(1,623)
Share repurchases	31	0	0	137	312	570
Dividends paid	45	0	0	—	—	—
Proceeds from long-term debt	—	—	—	595	2,310	808
Repayments of long-term debt	565	1,334	385	282	1,915	519
Net cash from financing activities	1,981	(914)	(325)	(147)	119	(199)

SIC 4512 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4512 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Alaska Air Group	1,064	4,065	185*	111.6M	—	Q2 FY26 10-QJun 30, 2026
American Airlines Group	1,124	16,335	(153)*	662.6M	—	Q3 FY26 10-QSep 30, 2026
Skywest	72	1,117	131*	38.0M	—	Q3 FY26 10-QSep 30, 2026
FedEx Freight Holding Company	388	2,442	not reported	149.5M	—	Q3 FY26 10-QSep 30, 2026
Southwest Airlines	3,624	8,422	513	489.6M	—	Q3 FY26 10-QSep 30, 2026
Jetblue Airways	1,258	2,812	(238)*	377.4M	5.3 quarters	Q3 FY26 10-QSep 30, 2026
United Airlines Holdings	6,648	17,875	465*	324.9M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.