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Companies / Industrials / Alaska Air Group, Inc.
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Alaska Air Group, Inc.

IndustrialsAir Transportation
Ticker ALKSEATTLE, WAFiscal year ends DecemberBook value per share $32.56Diluted shares 112.7M

Alaska Air Group, Inc. operates as a major North American airline holding company providing scheduled air transportation of passengers and cargo throughout North America, Latin America, Asia, and the Pacific. The company's website is www.alaskaair.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$14.24BFY2025
+21.3% year over year
Last 12 mo $14.76B
2.13%FY2025
−2.7 percentage points
Last 12 mo -1.52%
$100.00MFY2025
−74.7% year over year
Last 12 mo $-175.00M
2.43%FY2025
−6.6 percentage points
Last 12 mo -4.77%
Cash & financing
$1.25BFY2025
−14.7% year over year
Last 12 mo $1.02B
$-339.00MFY2025
−285.2% year over year
Last 12 mo $-873.00M
1.35FY2025
Was 1.14× a year earlier
Last 12 mo 1.70
119.9MFY2025
−6.6% year over year
Last 12 mo 112.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Alaska Air Group, Inc. does

In the company’s own words

Alaska Air Group, Inc. operates as a major North American airline holding company providing scheduled air transportation of passengers and cargo throughout North America, Latin America, Asia, and the Pacific. The company's website is www.alaskaair.com.

Air Group operates three airlines: Alaska Airlines, Hawaiian Airlines, and Horizon Air. In October 2025, Alaska and Hawaiian combined their operations under a single Federal Aviation Administration operating certificate while preserving Hawaiian as a distinct brand. Alaska Airlines, incorporated in 1937, serves as the primary mainline carrier and is the fourth largest global carrier in the United States. Hawaiian Airlines, originally incorporated in 1929, was acquired by Air Group in 2024 and operates as a wholly-owned subsidiary. Horizon Air, a regional carrier incorporated in 1981, operates under capacity purchase agreements with Alaska.

The company operates a diverse fleet including Boeing 737, Boeing 787, Boeing 717, Airbus A330, Airbus A321neo, and Airbus A330-300F aircraft on mainline operations, with regional service provided on Embraer E175 aircraft. Air Group serves more than 140 destinations and operates hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego, and San Francisco. Alaska Airlines is a member of the oneworld alliance, providing guests access to more than 900 destinations across 170 territories.

Revenue composition reflects passenger transportation as the dominant business segment at 90 percent of total revenue, with loyalty program revenue contributing 6 percent and cargo and other services representing 4 percent. In 2025, Alaska and Hawaiian carried 47 million revenue passengers, while regional operations carried approximately 11 million passengers. The company employed 35,951 active employees as of December 31, 2025, with 89 percent in full-time positions.

Air Group operates the Atmos Rewards loyalty program, launched in October 2025, combining Alaska Airlines' Mileage Plan and Hawaiian Airlines' HawaiianMiles. The company also operates McGee Air Services, an aviation services provider, and maintains cargo operations including dedicated freighter aircraft and an Air Transportation Services Agreement with Amazon for operating A330-300F aircraft.

Company details
Sector
Industrials
Industry (SIC)
Air Transportation
Headquarters
SEATTLE, WA
Fiscal year end
December
CIK
766421
SIC
4512

Financial performance, year by year

Fiscal 2013–2025 · USD
$-2.93B$1.89B$6.72B$11.55B$16.37B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Alaska Air Group, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

350
funds hold it
1 of 35
superinvestors hold it
$2.40B
held by funds, at market
44.5%
of shares held by funds
2
bond issues held by funds

Superinvestors in Alaska Air Group, Inc. · what they did last quarter

Chris BloomstranINCREASED +5.8%
Semper Augustus Investments Group
10.6%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Alaska Air Group, Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.16%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
0.18%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.64%of fund net assets
VANGUARD PRIMECAP FUND
VPMCX · VANGUARD CHESTER FUNDS
0.16%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Alaska Air Group, Inc.’s bonds, as funds hold them

Funds report holding 2 issues of Alaska Air Group, Inc.’s debt, $111.85M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.42%, maturing 2027 to 2031.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Alaska Air Group, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Alaska Air Group, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Alaska Air Group, Inc.'s last four quarterly filings that the numbers alone won't show?”
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