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AL

Alaska Air Group, Inc.

ALKIndustrialsNASDAQ

Airlines

PriceMA150MA200
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Financials · Annual
Revenue
$14.24B
+21.3% YoY
Net Income
$100.0M
-74.7% YoY
EBITDA
$1.18B
-7.4% YoY
Free Cash Flow
-$316.5M

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About Alaska Air Group, Inc.

Alaska Air Group, Inc., through its subsidiaries, operates airlines. Valued at $4.89B, ALK is a mid-cap name in its sector. It operates through three segments: Alaska Airlines, Hawaiian Airlines, and Regional.

Key stats
Market Cap$4.89B
P/E (TTM)89.61
Fwd P/E6.94
EPS$0.49
Beta1.25
52W Change-14.1%
ROE1.9%
Analysis

On the balance sheet, ALK has $1.77B in cash with $6.67B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow is running at -$316.5M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 1.9% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 1.3% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $9.65B (2022) to $14.24B (2025), reflecting a 48% increase over the period.

Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. At over 50x earnings, ALK carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Alaska Air Group, Inc. and its sector.

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ALK — Alaska Air Group, Inc. Technical Analysis | Scanance