MARKETS / NYSE / ALK
NYSE · AIR TRANSPORTATION, SCHEDULED · LARGE CAP

Alaska AIR Group, Inc. ALK

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$14.2B
▲ 21.3% vs FY2024
EPS · FY25
$0.83
Dividend / sh · FY25
Payout · FY25
ROE · FY25
2.4%
Net margin · FY25
0.7%
Dividend coverage
-28.6×
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Result
USD 14.2B
Revenue, FY2025 · full 18-year series below
Revenue Net income
48121614.20.12008201120142017202020232025
48121614.20.12016201920222025

1 cents of every revenue dollar became profit this year.

Per share
USD 0.83
Diluted EPS, FY2025
EPS Dividend
480.832008201120142017202020232025
480.832016201920222025

The dividend was paid in a year without profit.

Profitability
2.4%
Return on equity, FY2025
ROE
102030402.4%2008201120142017202020232025
102030402.4%2016201920222025
Operating margin2.1%
Net margin0.7%
Return on assets0.5%

Each USD of equity produced 2 cents of profit this year.

Returned to shareholders
USD 547.0M
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD 547.0M
Share of profit547.0%
Consecutive raises

USD 547.0M in buybacks — 547% of the year's profit, so the payout drew on cash built up earlier.

Growth
+31.9% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+13.9%
+31.9%
+9.1%
Net income
+19.9%
−19.2%
−6.0%
EPS, diluted
+22.6%
−18.7%
Dividend / share
−32.1%
−14.1%
Returned to shareholders
+48.4%
−1.0%
+32.5%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.12B
Shares outstanding, FY2025
0.070.122008201120142017202020232025
0.120.122016201920222025
Change, 5 years−7.0%
Change, 10 years−7.7%

The share count shrank 7% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 20.4B
total assets, end of FY2025
Total assetsUSD 20.4B
EquityUSD 4.1B
CashUSD 627.0M
Gross debtUSD 5.3B
Net debtUSD 4.7B
Current ratio0.50×

Net debt stands at 114% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
14.2
11.7
10.4
9.6
6.2
3.6
8.8
8.3
7.9
5.9
0.0
0.0
0.0
0.0
0.0
3.8
3.4
3.7
Operating income $B
0.3
0.6
0.4
0.1
0.7
−1.8
1.1
0.6
1.2
1.3
1.3
1.0
0.8
0.5
0.4
0.5
0.3
−0.2
EBITDA $B
1.1
1.2
0.8
0.5
1.1
−1.4
1.5
1.0
1.6
1.7
1.6
1.3
1.1
0.8
0.7
0.7
0.5
0.0
Income tax $B
0.0
0.1
0.1
0.0
0.2
−0.5
0.2
0.1
0.2
0.5
0.5
0.4
0.3
0.2
0.1
0.2
0.1
−0.1
Net income $B
0.1
0.4
0.2
0.1
0.5
−1.3
0.8
0.4
1.0
0.8
0.8
0.6
0.5
0.3
0.2
0.3
0.1
−0.1
EPS, diluted $
0.83
3.08
1.83
0.45
3.77
−10.72
6.19
3.52
7.75
6.41
6.56
4.42
3.58
2.20
3.33
3.41
3.36
−3.74
Dividend / sh $
·
·
·
·
·
0.38
1.40
1.28
1.20
1.10
0.80
0.50
0.20
0.00
0.00
·
·
·
Payout %
·
·
·
0
0
−3
22
36
15
17
12
11
6
0
0
·
·
·
ROE %
2.4
9.3
5.9
1.5
14.1
−36.2
19.0
12.1
30.9
30.9
37.4
29.1
29.4
24.4
21.5
25.4
15.9
−20.5
Shares out B
0.12
0.12
0.13
0.13
0.13
0.12
0.12
0.12
0.12
0.12
0.13
0.13
0.14
0.07
0.07
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
52 of 52
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed