Filing Flows › Alaska Air Group (ALK) › Q1 2025
Alaska Air Group (ALK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Alaska Air Group (ALK) reported revenue of $3.1B for the first quarter 2025 (Q1 2025), +41% from a year earlier and -11% from the quarter before. Operating margin was -6.3%, net loss $166M (5.3% of revenue).
Alaska Air Group, Q1 2025: revenue $3.1B (+40% year over year), operating margin -6.3%, net loss $166M, operating cash flow $459M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | -11% | +41% |
| Operating profit | −$197M | — | — |
| Net earnings | −$166M | — | — |
| Operating cash flow | $459M | +68% | +57% |
| Free cash flow | $417M | +128% | +77% |
What changed
Revenue was $3.1B in Q1 2025, up 41% year over year and down 11% from the previous quarter.
Operating costs exceeded revenue by $0.20B, an operating margin of -6.3%. Total costs grew 39% against revenue growth of 41%. The fastest-growing cost line was Other operating costs (+39%). The quarter ended with a net loss of $0.17B, after a profit of $0.07B the previous quarter.
Operating cash flow was $0.46B (up 57% year over year). Non-cash charges added back $0.19B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.41B. Capital expenditures of $0.04B left free cash flow of $0.42B.
Questions
What was Alaska Air Group's revenue in the first quarter 2025?
Alaska Air Group (ALK) reported revenue of $3.1B for the first quarter 2025 (Q1 2025), +41% from a year earlier and -11% from the quarter before.
Was Alaska Air Group profitable in the first quarter 2025?
Operating loss was $197M (-6.3% of revenue) and net loss $166M.
Source: Alaska Air Group 10-Q on SEC EDGAR.