Capital Expenditures for Alaska Air Group (ALK)
According to Alaska Air Group's latest reported financial statements, the company's current capital expenditures (TTM) is $1.69B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$1.69B
YoY change
+24.0%
5Y CAGR
+50.5%
Peak year (2022)
$1.67B
Cumulative capital expenditures
$20.46B
CapEx history chart for Alaska Air Group (ALK) from 1989 to 2025
CapEx history table for Alaska Air Group (ALK) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $1.59B | +24.0% | ||
| 2024 | $1.28B | -14.3% | ||
| 2023 | $1.49B | -10.6% | ||
| 2022 | $1.67B | +472.3% | ||
| 2021 | $292.00M | +41.7% | ||
| 2020 | $206.00M | -70.4% | ||
| 2019 | $696.00M | -27.5% | ||
| 2018 | $960.00M | -6.4% | ||
| 2017 | $1.03B | +51.3% | ||
| 2016 | $678.00M | -18.4% | ||
| 2015 | $831.00M | +19.7% | ||
| 2014 | $694.00M | +22.6% | ||
| 2013 | $566.00M | -1.4% | ||
| 2012 | $574.00M | +48.2% | ||
| 2011 | $387.40M | +111.7% | ||
| 2010 | $183.00M | -58.3% | ||
| 2009 | $438.40M | +6.2% | ||
| 2008 | $412.80M | -50.5% | ||
| 2007 | $834.40M | +22.3% | ||
| 2006 | $682.10M | +58.3% | ||
| 2005 | $431.00M | +116.5% | ||
| 2004 | $199.10M | -46.1% | ||
| 2003 | $369.20M | +83.8% | ||
| 2002 | $200.90M | -47.6% | ||
| 2001 | $383.50M | -14.5% | ||
| 2000 | $448.60M | -20.6% | ||
| 1999 | $565.00M | -7.9% | ||
| 1998 | $613.40M | +39.7% | ||
| 1997 | $439.00M | +62.7% | ||
| 1996 | $269.80M | +161.2% | ||
| 1995 | $103.30M | -45.2% | ||
| 1994 | $188.63M | +537.3% | ||
| 1993 | $29.60M | -89.3% | ||
| 1992 | $277.90M | +92.9% | ||
| 1991 | $144.10M | -26.6% | ||
| 1990 | $196.30M | +80.1% | ||
| 1989 | $109.00M | — |
CapEx values are taken from Alaska Air Group's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Alaska Air Group (ALK) reported capital expenditures of $1.59B – grew 24.0% year-over-year.
Alaska Air Group capital expenditures compound annual growth for the 2020–2025 (5 years) window is +50.5%, with the latest reading among the more recent periods of the dataset.
Between 2022 and 2025, Alaska Air Group capital expenditures edged down 5.0%, falling from $1.67B to $1.59B.
2022 marks the peak capital expenditures at $1.67B, with the historical low of $29.60M recorded in 1993.
Among 8 Industrials peers, Alaska Air Group (ALK) ranks 5th; the peer median for capital expenditures is $2.05B.
Alaska Air Group Capital Expenditures by Year
Alaska Air Group Capital Expenditures 2025: $1.59B
Alaska Air Group capital expenditures in 2025 was $1.59B, grew 24.0% from 2024.
Alaska Air Group Capital Expenditures 2024: $1.28B
Alaska Air Group capital expenditures in 2024 was $1.28B, declined 14.3% below 2023.
Alaska Air Group Capital Expenditures 2023: $1.49B
Alaska Air Group capital expenditures in 2023 was $1.49B, declined 10.6% below 2022.
Alaska Air Group Capital Expenditures 2022: $1.67B
Alaska Air Group capital expenditures in 2022 was $1.67B, surged 472.3% from 2021. This figure represents the highest annual value in the available history.
Alaska Air Group Capital Expenditures 2021: $292.00M
Alaska Air Group capital expenditures in 2021 was $292.00M.
See more financial history for Alaska Air Group (ALK).
Sector peers — CapEx
Companies in the same sector as Alaska Air Group, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Deere & Company (DE) | $4.23B | Industrials |
| Union Pacific Corporation (UNP) | $3.79B | Industrials |
| The Boeing Company (BA) | $2.94B | Industrials |
| RTX Corporation (RTX) | $2.63B | Industrials |
| Caterpillar Inc. (CAT) | $1.47B | Industrials |
| GE Aerospace (GE) | $1.27B | Industrials |
| Honeywell International Inc. (HON) | $986.00M | Industrials |
| Eaton Corporation plc (ETN) | $0 | Industrials |
Frequently asked questions
What is Alaska Air Group's capital expenditures?
- Latest reported capital expenditures for Alaska Air Group (ALK) is $1.69B (period ending March 31, 2026).
How has Alaska Air Group capital expenditures changed year-over-year?
- Alaska Air Group (ALK) capital expenditures changed +24.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Alaska Air Group capital expenditures?
- Alaska Air Group (ALK) capital expenditures compound annual growth rate is +50.5% over the most recent 5 years available.
When did Alaska Air Group capital expenditures hit its highest annual value?
- Alaska Air Group capital expenditures reached its highest annual value of $1.67B in 2022.
What was Alaska Air Group capital expenditures in 2024?
- Alaska Air Group (ALK) capital expenditures in 2024 was $1.28B.
What was Alaska Air Group capital expenditures in 2025?
- Alaska Air Group (ALK) capital expenditures in 2025 was $1.59B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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