Ticker League

FCF Margin for Alaska Air Group (ALK)

As of · Reported

Metric

TTM

-3.3%

YoY change

−3.94pp

Trough year (1992)

-23.1%

Peak year (2015)

13.5%

FCF Margin history chart for Alaska Air Group (ALK) from 1989 to 2025

Latest: -2.4%

FCF Margin change chart for Alaska Air Group (ALK) from 1989 to 2025

Latest: −3.94pp

FCF Margin history table for Alaska Air Group (ALK) from 1989 to 2025

  • 2025-2.4%-3.94pp
  • 20241.6%+5.82pp
  • 2023-4.3%-1.64pp
  • 2022-2.6%-14.57pp
  • 202111.9%+24.29pp
  • 2020-12.3%-24.02pp
  • 201911.7%+8.84pp
  • 20182.8%-4.30pp
  • 20177.1%-4.79pp
  • 201611.9%-1.51pp
  • 201513.5%+7.19pp
  • 20146.3%-1.79pp
  • 20138.0%+4.21pp
  • 20123.8%-3.30pp
  • 20117.1%-2.53pp
  • 20109.7%+13.59pp
  • 2009-3.9%+2.87pp
  • 2008-6.8%+3.27pp
  • 2007-10.1%-3.08pp
  • 2006-7.0%-1.62pp
  • 2005-5.3%-10.30pp
  • 20045.0%+5.53pp
  • 2003-0.6%+2.86pp
  • 2002-3.4%+1.48pp
  • 2001-4.9%+3.52pp
  • 2000-8.4%+2.85pp
  • 1999-11.3%+4.69pp
  • 1998-16.0%-2.54pp
  • 1997-13.4%-10.50pp
  • 1996-2.9%-4.51pp
  • 19951.6%+4.95pp
  • 1994-3.4%-5.06pp
  • 19931.7%+24.78pp
  • 1992-23.1%-17.52pp
  • 1991-5.6%+3.31pp
  • 1990-8.9%-8.74pp
  • 1989-0.2%—

FCF Margin values are taken from Alaska Air Group's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Alaska Air Group (ALK)

According to Alaska Air Group's latest reported financial statements, the company's latest reported free cash flow margin is -3.3%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Alaska Air Group (ALK) free cash flow margin totalled -2.38% – contracted 3.9 percentage points year-over-year.

Across the available history, free cash flow margin reached its high of 13.45% in 2015 and its low of -23.10% in 1992.

Alaska Air Group FCF Margin by Year

Alaska Air Group FCF Margin 2025: -2.4%

2025's free cash flow margin for Alaska Air Group came in at -2.38%, contracted 3.9 percentage points from 2024.

Alaska Air Group FCF Margin 2024: 1.6%

Alaska Air Group posted free cash flow margin of 1.56% in 2024, expanded 5.8 percentage points from 2023.

Alaska Air Group FCF Margin 2023: -4.3%

In 2023, Alaska Air Group reported free cash flow margin of -4.26%, contracted 1.6 percentage points from 2022.

Alaska Air Group FCF Margin 2022: -2.6%

Alaska Air Group free cash flow margin in 2022 was -2.62%, contracted 14.6 percentage points from 2021.

Alaska Air Group FCF Margin 2021: 11.9%

Alaska Air Group free cash flow margin in 2021 was 11.95%.

See more financial history for Alaska Air Group (ALK).

Sector peers by FCF Margin

Industrials peers of Alaska Air Group (ALK), ranked by their latest free cash flow margin

Frequently asked questions

Alaska Air Group (ALK) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview