How does Alaska Air Group (ALK) make money?

Alaska Air Group (ALK) generates revenue primarily from Alaska Airlines Segment, which accounted for 63.4% of total revenue in TTM through Q1 2026. The company reported $14.40B in revenue and converted 0.5% of it into net profit, equivalent to roughly $73.00M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Alaska Air Group (ALK)?

Alaska Air Group (ALK) reported a gross profit margin of 78.4% in TTM through Q1 2026, equivalent to $11.29B in gross profit on $14.40B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Alaska Air Group (ALK)?

Alaska Air Group (ALK) reported an operating profit margin of 1.5% in TTM through Q1 2026, equivalent to $221.00M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Alaska Air Group (ALK)?

Alaska Air Group (ALK) reported a net profit margin of 0.5% in TTM through Q1 2026, equivalent to $73.00M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Alaska Air Group (ALK) profitable?

Yes. Alaska Air Group (ALK) reported $73.00M in net income for TTM through Q1 2026, with a net profit margin of 0.5%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Alaska Air Group (ALK) spend on capital expenditures?

Alaska Air Group (ALK) spent $1.69B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 11.7% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Alaska Air Group (ALK) generate?

Alaska Air Group (ALK) generated −$477.00M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -3.3%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of Alaska Air Group (ALK)?

Alaska Air Group (ALK) reports revenue across 3 reportable product segments, led by Alaska Airlines Segment at 63.4% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Alaska Air Group Makes Money: 2026 Visual Revenue Map

Alaska Air Group (ALK) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 7, 2026).

Alaska Air Group discloses geographic revenue only in annual filings. to view the full breakdown.

Alaska Air Group (ALK) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Alaska Air Group (ALK) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Alaska Airlines Segment	$9.12B	63.4%
Hawaiian Airlines Segment	$3.27B	22.7%
Regional Segment	$2.00B	13.9%
Total	$14.40B	100%

Alaska Airlines Segment$9.12B
Hawaiian Airlines Segment$3.27B
Regional Segment$2.00B
Total$14.40B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Alaska Air Group (ALK) reports revenue across 3 operating segments; the largest segment was Alaska Airlines Segment at 63.4%, followed by Hawaiian Airlines Segment (22.7%) and Regional Segment (13.9%).

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