Alaska Air Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	14,239	11,735	10,426	9,646	6,176
Revenue	14,239	11,735	10,426	9,646	6,176
Revenue Growth (YoY)	21.34%	12.55%	8.09%	56.18%	73.19%
Cost of Revenue	11,430	8,874	7,963	7,513	5,359
Gross Profit	2,809	2,861	2,463	2,133	817
Selling, General & Admin	407	349	303	295	173
Other Operating Expenses	1,058	1,040	891	717	507
Operating Expenses	2,260	1,972	1,645	1,427	1,074
Operating Income	549	889	818	706	-257
Interest Expense	-235	-142	-94	-94	-117
Interest & Investment Income	94	101	80	53	25
Other Non Operating Income (Expenses)	-16	-2	-22	-6	6
EBT Excluding Unusual Items	392	846	782	659	-343
Merger & Restructuring Charges	-193	-208	-7	-	-
Asset Writedown	-	-11	-385	-481	-
Legal Settlements	-	-53	-	-15	-
Other Unusual Items	-53	-29	-67	-84	972
Pretax Income	146	545	323	79	629
Income Tax Expense	46	150	88	21	151
Net Income	100	395	235	58	478
Net Income to Common	100	395	235	58	478
Net Income Growth	-74.68%	68.08%	305.17%	-87.87%	-
Shares Outstanding (Basic)	118	126	127	127	125
Shares Outstanding (Diluted)	120	128	129	128	127
Shares Change (YoY)	-6.58%	-0.26%	0.63%	0.89%	2.69%
EPS (Basic)	0.85	3.13	1.84	0.46	3.82
EPS (Diluted)	0.83	3.08	1.83	0.45	3.77
EPS Growth	-73.05%	68.31%	306.67%	-88.06%	-
Free Cash Flow	-339	183	-444	-253	738
Free Cash Flow Per Share	-2.83	1.43	-3.45	-1.98	5.82
Gross Margin	19.73%	24.38%	23.62%	22.11%	13.23%
Operating Margin	3.86%	7.58%	7.85%	7.32%	-4.16%
Profit Margin	0.70%	3.37%	2.25%	0.60%	7.74%
Free Cash Flow Margin	-2.38%	1.56%	-4.26%	-2.62%	11.95%
EBITDA	1,344	1,425	1,244	1,104	137
EBITDA Margin	9.44%	12.14%	11.93%	11.45%	2.22%
D&A For EBITDA	795	536	426	398	394
EBIT	549	889	818	706	-257
EBIT Margin	3.86%	7.58%	7.85%	7.32%	-4.16%
Effective Tax Rate	31.51%	27.52%	27.25%	26.58%	24.01%
Revenue as Reported	14,239	11,735	10,426	9,646	6,176

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q