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Alaska Air Group Inc

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Alaska Air Group Inc (NYSE: ALK) is an airline holding company that operates passenger and cargo air transportation services. Revenue is generated primarily through ticket sales, ancillary fees, and cargo services, with additional income from a co-branded credit card loyalty program. The company completed the acquisition of Hawaiian Holdings, Inc., expanding its network to include Hawaii routes alongside its existing Alaska Airlines operations. The 10-K filed 2026-02-12 (accession 000076642126000010) identifies competition, fuel costs, labor costs, and integration of the Hawaiian Holdings acquisition as material business risks. Capital deployment in aviation is inherently heavy, with aircraft, labor, and fuel representing the dominant cost structure. Demand is subject to seasonal fluctuations as disclosed in the filing.

Products & Services

Passenger air transportation under Alaska Airlines and Hawaiian Airlines brands (following the Hawaiian Holdings acquisition), cargo air services, and a frequent-flyer loyalty program with a co-branded credit card partnership.

Revenue Model

Transactional ticket sales for passenger air travel, ancillary fees, cargo services, and co-branded credit card loyalty program revenue. The filing (10-K, filed 2026-02-12) references these as core revenue drivers but does not provide segment revenue percentages in the excerpts available.

Customers & Markets

Individual leisure and business travelers, cargo shippers. Demand is subject to seasonal fluctuations as noted in the 10-K filed 2026-02-12.

Geographic Exposure

United States domestic routes, with expanded Hawaii operations following the acquisition of Hawaiian Holdings, Inc., as disclosed in the 10-K filed 2026-02-12.

Financial Snapshot

Revenue
TTM
$14.76B
Gross Margin
TTM
51.15%
Net Income
TTM
-$175.0M
Current Assets
2026 Q2
$3.936B
Current Liabilities
2026 Q2
$7.192B
Current Ratio
2026 Q2
54.73%
Total Assets
2026 Q2
$21.25B
Total Liabilities
2026 Q2
$17.58B
Book Value
2026 Q2
3.670B
Cash
2026 Q2
$1.064B
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$350.0M

Stock Price

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Market Cap: $5.2873 Billion

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