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American Airlines Group vs Alaska Air Group: AAL and ALK compared
American Airlines Group is the larger company: $16.3B of revenue in its latest quarter (Q3 2026) against $4.3B for Alaska Air Group (Q3 2026). American Airlines Group is growing faster (+19% against +14% a year earlier). Alaska Air Group is more profitable, with an operating margin of 1.9% against 0.7%.
Where the money goes: AAL and ALK
American Airlines Group (AAL) · Q3 2026
American Airlines Group, Q3 2026: revenue $16.3B (+19% year over year), operating margin 0.7%, net loss $269M, operating cash flow −$153M. The chart follows the revenue to costs, profit and cash.
Alaska Air Group (ALK) · Q3 2026
Alaska Air Group, Q3 2026: revenue $4.3B (+14% year over year), operating margin 1.9%, net loss $147M, operating cash flow $149M. The chart follows the revenue to costs, profit and cash.
| American Airlines Group (AAL) | Alaska Air Group (ALK) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $16.3B | $4.3B |
| Revenue growth, Y/Y | +19% | +14% |
| Operating margin | 0.7% | 1.9% |
| Net earnings | −$269M | −$147M |
| Net margin | -1.6% | -3.4% |
| Operating cash flow | −$153M | $149M |
| Free cash flow | — | $82.0M |
| Market value | $8.7B | $4.3B |
| Analysts’ mean target | $15.40 | $51.69 |
Where the revenue comes from
American Airlines Group
- Passenger: $14.9B (91%)
- Loyalty revenue - marketing services: $983M (6%)
- Cargo: $274M (2%)
- Other revenue: $178M (1%)
Questions
Which is bigger, American Airlines Group or Alaska Air Group?
American Airlines Group is the larger company: $16.3B of revenue in its latest quarter (Q3 2026) against $4.3B for Alaska Air Group (Q3 2026).
Is American Airlines Group or Alaska Air Group growing faster?
American Airlines Group is growing faster (+19% against +14% a year earlier).
Which is more profitable, American Airlines Group or Alaska Air Group?
Alaska Air Group is more profitable, with an operating margin of 1.9% against 0.7%.
More: American Airlines Group earnings · how American Airlines Group makes money · Alaska Air Group earnings · how Alaska Air Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 22, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.