Alaska Air Group (ALK) Stock Buyback History
TTM buyback yield 15.65% · Shareholder yield (TTM) 15.65%.
TTM buyback yield
15.65%
Shareholder yield (TTM)
15.65%
5Y share count change
-4.9%
TTM buyback spend
$658.00M
SBC coverage (TTM)
10.44x
YoY change in spend
+82.7%
5Y CAGR of spend
+79.0%
Peak year (2025)
$570.00M
Cumulative spend
$2.89B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Alaska Air Group (ALK) repurchased about $658.00M of stock over the trailing twelve months.
- Diluted share count is down 4.9% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 10.44× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +79.0% per year over the latest 5-year window.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $570.00M | $10.00M | $560.00M | 0.12B | -8.6% | 9.81% |
| 2024 | $312.00M | $63.00M | $249.00M | 0.13B | -0.3% | 3.82% |
| 2023 | $137.00M | $59.00M | $78.00M | 0.13B | 0.6% | 2.75% |
| 2022 | $0.00 | $35.00M | −$35.00M | 0.13B | 0.9% | — |
| 2021 | $0.00 | $51.00M | −$51.00M | 0.13B | 2.7% | — |
| 2020 | $31.00M | $24.00M | $7.00M | 0.12B | -0.7% | 0.48% |
| 2019 | $75.00M | $29.00M | $46.00M | 0.12B | 0.3% | 0.90% |
| 2018 | $50.00M | $47.00M | $3.00M | 0.12B | 0.1% | 0.67% |
| 2017 | $75.00M | $55.00M | $20.00M | 0.12B | -0.4% | 0.83% |
| 2016 | $193.00M | $26.00M | $167.00M | 0.12B | -3.9% | 1.76% |
| 2015 | $505.00M | $25.00M | $480.00M | 0.13B | -5.4% | 4.98% |
| 2014 | $348.00M | $6.00M | $342.00M | 0.14B | -3.6% | 4.40% |
| 2013 | $159.00M | $32.00M | $127.00M | 0.14B | -1.2% | 3.13% |
| 2012 | $60.00M | $10.00M | $50.00M | 0.14B | -2.2% | 1.96% |
| 2011 | $80.00M | $16.50M | $63.50M | 0.15B | -0.2% | 2.99% |
| 2010 | $45.00M | $13.70M | $31.30M | 0.15B | 1.7% | 2.21% |
| 2009 | $23.80M | $11.90M | $11.90M | 0.14B | -0.5% | 1.93% |
| 2008 | $48.90M | $13.40M | $35.50M | 0.15B | -10.1% | 4.62% |
| 2007 | $62.80M | $0.00 | $62.80M | 0.16B | 6.5% | 6.78% |
| 2006 | $0.00 | $8.20M | −$8.20M | 0.15B | 13.2% | — |
| 2005 | $0.00 | $0.00 | $0.00 | 0.13B | 24.8% | — |
| 2004 | $0.00 | $18.60M | −$18.60M | 0.11B | 0.5% | — |
| 2003 | $0.00 | $52.80M | −$52.80M | 0.11B | 0.7% | — |
| 2002 | $0.00 | $0.00 | $0.00 | 0.11B | 0.2% | — |
| 2001 | $0.00 | $9.80M | −$9.80M | 0.11B | 0.2% | — |
| 2000 | $0.00 | $0.00 | $0.00 | 0.11B | -0.3% | — |
| 1999 | $0.00 | $0.00 | $0.00 | 0.11B | 0.5% | — |
| 1998 | $0.00 | $0.00 | $0.00 | 0.11B | 28.6% | — |
| 1997 | $0.00 | $0.00 | $0.00 | 0.08B | 41.1% | — |
| 1996 | $0.00 | $0.00 | $0.00 | 0.06B | — | — |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1993 | $33.40M | $0.00 | $33.40M | — | — | — |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1991 | $200.00K | $0.00 | $200.00K | — | — | — |
| 1990 | $73.80M | $0.00 | $73.80M | — | — | — |
| 1989 | $5.00M | $0.00 | $5.00M | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Alaska Air Group (ALK) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Alaska Air Group (ALK)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Alaska Air Group (ALK)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $570.00M | +82.7% | +$258.00M | ||
| 2024 | $312.00M | +127.7% | +$175.00M | ||
| 2023 | $137.00M | — | +$137.00M | ||
| 2022 | $0 | — | $0 | ||
| 2021 | $0 | -100.0% | -$31.00M | ||
| 2020 | $31.00M | -58.7% | -$44.00M | ||
| 2019 | $75.00M | +50.0% | +$25.00M | ||
| 2018 | $50.00M | -33.3% | -$25.00M | ||
| 2017 | $75.00M | -61.1% | -$118.00M | ||
| 2016 | $193.00M | -61.8% | -$312.00M | ||
| 2015 | $505.00M | +45.1% | +$157.00M | ||
| 2014 | $348.00M | +118.9% | +$189.00M | ||
| 2013 | $159.00M | +165.0% | +$99.00M | ||
| 2012 | $60.00M | -25.0% | -$20.00M | ||
| 2011 | $80.00M | +77.8% | +$35.00M | ||
| 2010 | $45.00M | +89.1% | +$21.20M | ||
| 2009 | $23.80M | -51.3% | -$25.10M | ||
| 2008 | $48.90M | -22.1% | -$13.90M | ||
| 2007 | $62.80M | — | +$62.80M | ||
| 2006 | $0 | — | $0 | ||
| 2005 | $0 | — | $0 | ||
| 2004 | $0 | — | $0 | ||
| 2003 | $0 | — | $0 | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | — | $0 | ||
| 2000 | $0 | — | $0 | ||
| 1999 | $0 | — | $0 | ||
| 1998 | $0 | — | $0 | ||
| 1997 | $0 | — | $0 | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | -100.0% | -$33.40M | ||
| 1993 | $33.40M | — | +$33.40M | ||
| 1992 | $0 | -100.0% | -$200,000 | ||
| 1991 | $200,000 | -99.7% | -$73.60M | ||
| 1990 | $73.80M | +1376.0% | +$68.80M | ||
| 1989 | $5.00M | — | — |
The 2025 reading of Alaska Air Group (ALK) buyback spend is $570.00M – surged 82.7% year-over-year.
Over 2020–2025 (5 years), Alaska Air Group buyback spend expanded at a +79.0% compound annual rate, sustaining 3 straight years of year-over-year growth.
The highest annual buyback spend of $570.00M was reported in 2025. The lowest in the available history was $0 in 1992.
Within Industrials, Alaska Air Group (ALK) ranks 7th among 8 peers we track. The peer median for buyback spend is $2.27B.
Alaska Air Group Buyback Spend 2025: $570.00M
Alaska Air Group buyback spend in 2025 was $570.00M, surged 82.7% from 2024. This figure represents the highest annual value in the available history.
Alaska Air Group Buyback Spend 2024: $312.00M
Alaska Air Group buyback spend in 2024 was $312.00M, surged 127.7% from 2023.
Alaska Air Group Buyback Spend 2023: $137.00M
Alaska Air Group buyback spend in 2023 was $137.00M.
Alaska Air Group Buyback Spend 2022: $0
Alaska Air Group buyback spend in 2022 was $0.
Alaska Air Group Buyback Spend 2021: $0
Alaska Air Group buyback spend in 2021 was $0.
See more financial history for Alaska Air Group (ALK).
Sector peers by buyback spend
Companies in the same sector as Alaska Air Group, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| GE Aerospace (GE) | $7.55B | Industrials |
| Caterpillar (CAT) | $5.19B | Industrials |
| Honeywell International (HON) | $3.80B | Industrials |
| Union Pacific (UNP) | $2.68B | Industrials |
| Eaton Corporation (ETN) | $1.86B | Industrials |
| Deere & Company (DE) | $1.14B | Industrials |
| RTX (RTX) | $50.00M | Industrials |
| Boeing (BA) | $0 | Industrials |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 10.44×.
Capital allocation mix
How Alaska Air Group splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $0.00 (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Alaska Air Group's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Alaska Air Group buy back its own stock?
Yes, Alaska Air Group (ALK) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Alaska Air Group spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $658.00M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Alaska Air Group's buyback yield?
TTM buyback yield is about 15.65% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Alaska Air Group's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 15.65% combined (TTM-based where available).
Is Alaska Air Group diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Alaska Air Group's share count changed?
Diluted weighted average shares changed by about -4.9% over roughly five fiscal years (annual income statement data).
What is Alaska Air Group's buyback spend?
Latest reported buyback spend for Alaska Air Group (ALK) is $658.00M (period ending March 31, 2026).
How has Alaska Air Group buyback spend changed year-over-year?
Alaska Air Group (ALK) buyback spend changed +82.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Alaska Air Group buyback spend?
Alaska Air Group (ALK) buyback spend compound annual growth rate is +79.0% over the most recent 5 years available.
When did Alaska Air Group buyback spend hit its highest annual value?
Alaska Air Group buyback spend reached its highest annual value of $570.00M in 2025.
What was Alaska Air Group buyback spend in 2024?
Alaska Air Group (ALK) buyback spend in 2024 was $312.00M.
What was Alaska Air Group buyback spend in 2025?
Alaska Air Group (ALK) buyback spend in 2025 was $570.00M.
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