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How Alaska Air Group (ALK) makes money

Alaska Air Group (ALK) made $4.3B of revenue in the third quarter 2026 (Q3 2026), +14% from a year earlier.

Drawing the Sankey…

Alaska Air Group revenue by quarterAlaska Air Group revenue by quarter$3.1BQ1 2025$3.7BQ2 2025$3.8BQ3 2025$3.6BQ4 2025$3.3BQ1 2026$4.1BQ2 2026$4.3BQ3 2026
Alaska Air Group: where each dollar of revenue goesAlaska Air Group: where each dollar of revenue goesIncome tax4¢Operating cash flow3¢Free cash flow2¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$4.3B100.0%
Income tax$165M3.8%
Operating cash flow$149M3.5%
Free cash flow$82.0M1.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$4.3B+14%
Q2 2026$4.1B+10%
Q1 2026$3.3B+5%
Q4 2025$3.6B+3%
Q3 2025$3.8B+23%
Q2 2025$3.7B+28%
Q1 2025$3.1B+40%

From Alaska Air Group's 10-Q filed Nov 6, 2026 (on EDGAR).

Questions

How does Alaska Air Group make money?

Alaska Air Group (ALK) made $4.3B of revenue in the third quarter 2026 (Q3 2026), +14% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.