ALK - NYSE
Alaska Air Group, Inc.
$41.87
-1.0%Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.
At a Glance
Live SnapshotAlaska Air Group, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
CapEx Intensity
Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Cash Flow Quality Insight
Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.
Alaska Air Group, Inc. Cash Flow Statement
ALK • NYSE
| Alaska Air Group, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
100M | 395M | 235M | 58M | 478M | -1.3B | 769M | 437M | 1B | 814M | 848M | 605M | 508M | 316M | 244.5M | 251.1M | 121.6M | -135.9M | 125M | -52.6M | |
0.0 | 583M | 451M | 415M | 394M | 420M | 423M | 398M | 372M | 363M | 320M | 294M | 270M | 264M | 246.9M | 230.5M | 219.2M | 204.6M | 177.4M | 157.5M | |
0.0 | 0.0 | 0.0 | 22M | -445M | 0.0 | 209M | 146M | 45M | 94M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 145.3M | 84.1M | 0.0 | 0.0 | -34M | |
0.0 | 63M | 59M | 35M | 51M | 24M | 29M | 47M | 55M | 26M | 25M | 6M | 32M | 10M | 16.5M | 13.7M | 11.9M | 13.4M | 0.0 | 8.2M | |
856M | -69M | 591M | 481M | 434M | 847M | -209M | 0.0 | 0.0 | 17M | 0.0 | 0.0 | 67M | 154M | 38.9M | -1.1M | -63.3M | 84.1M | 168.4M | 357.3M | |
(3M) | (22M) | (15M) | (0.0) | (48M) | (0.0) | (31M) | (0.0) | (177M) | (459M) | (349M) | (326M) | (149M) | (78M) | (8M) | (0.0) | (8.8M) | (600K) | (3.5M) | (0.0) | |
293M | 492M | -286M | 407M | 118M | -201M | 501M | 313M | 129M | 183M | 391M | 125M | 363M | 163M | 149.2M | -85.8M | -68.2M | -1.9M | 11.2M | 13.4M | |
1.2B | 1.5B | 1.1B | 1.4B | 1B | -234M | 1.7B | 1.2B | 1.6B | 1.4B | 1.6B | 1B | 981M | 753M | 696M | 553.7M | 305.3M | 164.3M | 482M | 449.8M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-1.6B | -1.3B | -1.5B | -1.7B | -292M | -206M | -696M | -960M | -1B | -678M | -831M | -694M | -566M | -574M | -387.4M | -183M | -438.4M | -412.8M | -834.4M | -682.1M | |
(0.0) | -659M | (0.0) | (4M) | (2M) | (279M) | (0.0) | (47M) | (78M) | -2B | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (7.2M) | (6.7M) | (0.0) | (63.4M) | (0.0) | |
(0.0) | -832M | (0.0) | -1.8B | -4.3B | -3B | -1.8B | -834M | -1.6B | -960M | -1.3B | -949M | -1.2B | -1.1B | -883.5M | -1B | -942.6M | -766M | -1.1B | -806.5M | |
0.0 | 1.8B | 0.0 | 2.3B | 3.6B | 2.3B | 1.7B | 1.1B | 1.4B | 962M | 1.2B | 1.1B | 1.1B | 1B | 955.7M | 931M | 725M | 579.6M | 1.3B | 935.9M | |
-35M | 377M | 530M | -6M | -12M | -22M | 41M | 47M | 75M | 5M | 53M | 10M | -3M | 11M | -88.1M | -28.4M | -8.1M | 17.9M | -2.6M | 19.7M | |
-1.6B | -634M | -964M | -1.2B | -1B | -593M | -791M | -631M | -1.1B | -2.6B | -930M | -541M | -698M | -645M | -403.3M | -295.2M | -657.4M | -581.3M | -601.8M | -533M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-570M | -312M | -137M | 0.0 | 0.0 | -31M | -75M | -50M | -75M | -193M | -505M | -348M | -159M | -29M | -61M | -8M | -10.8M | -44.9M | -56.3M | 30.4M | |
289M | 395M | 129M | -385M | -971M | 2B | -608M | -468M | -397M | 1.8B | -116M | -68M | -161M | -275M | -227M | -321M | 14M | 540.7M | 149.7M | 205.8M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -45M | -173M | -158M | -148M | -136M | -102M | -68M | -28M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-570M | -312M | -137M | (0.0) | (0.0) | -31M | -75M | -50M | -75M | -193M | -505M | -348M | -159M | -60M | -80M | -45M | -23.8M | -48.9M | -62.8M | (0.0) | |
82M | 36M | -139M | 60M | 57M | 58M | 43M | 29M | 28M | 25M | 35M | 22M | 23M | 216M | 8M | -3.6M | 230M | 0.0 | 0.0 | 4.1M | |
-199M | 119M | -147M | -325M | -914M | 2B | -813M | -647M | -592M | 1.5B | -688M | -462M | -325M | -88M | -280M | -333.2M | 233.2M | 495.8M | 93.4M | 240.3M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
-573M | 949M | -61M | -125M | -892M | 1.2B | 118M | -83M | -134M | 255M | -34M | 27M | -42M | 20M | 12.7M | -74.7M | -118.9M | 78.8M | -26.4M | 157.1M | |
1.3B | 308M | 369M | 494M | 1.4B | 232M | 114M | 197M | 328M | 73M | 107M | 80M | 122M | 102M | 89.5M | 164.2M | 283.1M | 204.3M | 230.7M | 73.6M | |
684M | 1.3B | 308M | 369M | 494M | 1.4B | 232M | 114M | 194M | 328M | 73M | 107M | 80M | 122M | 102.2M | 89.5M | 164.2M | 283.1M | 204.3M | 230.7M | |
-339M | 183M | -444M | -253M | 738M | -440M | 1B | 235M | 564M | 708M | 753M | 336M | 415M | 179M | 308.6M | 370.7M | -133.1M | -248.5M | -352.4M | -232.3M |
SEC Filings
ALK - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | June 03, 2026 | June 03, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 14, 2026 | May 14, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 12, 2026 | May 12, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 07, 2026 | May 07, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 07, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 06, 2026 | May 06, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 20, 2026 | April 20, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 30, 2026 | March 30, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 30, 2026 | May 12, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 12, 2026 | December 31, 2025 | 2025 |
Related Guides
Continue your ALK research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.