Alaska Air Group, Inc. (ALK) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ALK Revenue Growth
Revenue Breakdown (FY 2024)
ALK's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
ALK Revenue Analysis (2014–2025)
As of May 8, 2026, Alaska Air Group, Inc. (ALK) generated trailing twelve-month (TTM) revenue of $14.24 billion, reflecting modest growth of +2.8% year-over-year. The most recent quarter (Q4 2025) recorded $3.63 billion in revenue, down 3.6% sequentially.
Looking at the longer-term picture, ALK's 5-year compound annual growth rate (CAGR) stands at +31.9%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $14.24 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows ALK's business is primarily driven by Alaska Airlines Segment (76%), Regional Segment (17%), and Hawaiian Airlines Segment (7%). With over half of revenue concentrated in Alaska Airlines Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including DAL (+2.8% YoY), UAL (+4.7% YoY), and AAL (+3.3% YoY), ALK has underperformed the peer group in terms of revenue growth. Compare ALK vs DAL →
ALK Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ALKCurrent | $14.2B | +2.8% | +31.9% | 2.1% | |
 DAL | $63.4B | +2.8% | +30.0% | 9.2% | |
 UAL | $59.1B | +4.7% | +30.9% | 8.0% | |
 AAL | $54.6B | +3.3% | +25.8% | 2.7% | |
 LUV | $28.1B | +4.7% | +25.4% | 1.5% | |
 JBLU | $9.1B | -0.5% | +25.1% | -4.1% |
ALK Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $14.24B | +21.3% | $8.49B | 59.7% | $303.0M | 2.1% |
| 2024 | $11.73B | +12.6% | $2.86B | 24.4% | $570.0M | 4.9% |
| 2023 | $10.43B | +8.1% | $2.46B | 23.6% | $394.0M | 3.8% |
| 2022 | $9.65B | +56.2% | $2.13B | 22.1% | $70.0M | 0.7% |
| 2021 | $6.18B | +73.2% | $817.0M | 13.2% | $685.0M | 11.1% |
| 2020 | $3.57B | -59.4% | $-783,000,000 | -22.0% | $-1,775,000,000 | -49.8% |
| 2019 | $8.78B | +6.3% | $2.37B | 26.9% | $1.06B | 12.1% |
| 2018 | $8.26B | +4.7% | $2.09B | 25.3% | $643.0M | 7.8% |
| 2017 | $7.89B | +33.1% | $2.63B | 33.3% | $1.21B | 15.3% |
| 2016 | $5.93B | +5.9% | $2.46B | 41.5% | $1.31B | 22.0% |
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Start ComparisonALK — Frequently Asked Questions
Quick answers to the most common questions about buying ALK stock.
Is ALK's revenue growth accelerating or slowing?
ALK revenue growth slowed to +2.8%, below the 5-year CAGR of +31.9%. TTM revenue is $14.2B. The deceleration marks a shift from historical growth rates.
What is ALK's long-term revenue growth rate?
Alaska Air Group, Inc.'s 5-year revenue CAGR of +31.9% reflects the variable expansion pattern. Current YoY growth of +2.8% is near this long-term average.
How is ALK's revenue distributed by segment?
ALK reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.