ALK on NYSE

Alaska Air Group

Logo: Alaska Air Group Inc., Public domain, via Wikimedia Commons⁶

U.S. airline holding company

Alaska Air Group, Inc. is an American airline holding company based in SeaTac, Washington, United States. The group owns two mainline carriers, Alaska Airlines and Hawaiian Airlines, along with a regional airline, Horizon Air. Alaska Airlines in turn wholly owns an aircraft ground handling company, McGee Air Services.³ Its shares trade on NYSE under the symbol ALK.¹ Wikipedia text CC BY-SA 4.0

$35.14 down 1.36 (3.74%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

1985Founded¹

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TickerALK on NYSE¹
Industrytransport¹
HeadquartersSeattle¹
Websiteinvestor.alaskaair.com
Legal formjoint-stock company¹
Incorporated inDE⁷
Business address19300 International Boulevard, Seattle, Wa 98188⁷
Filer categoryLarge accelerated filer⁷
LEI529900G48RT4KWLC6C27⁴
StatusActive⁴
LEI statusLapsed (not renewed)⁴
Registered addressc/o Corporation Service Company, 251 Little Falls Drive, 19808 Wilmington, United States⁴
Registered withDivision of Corporations, Department of State, 2057097⁴

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

2.1%Operating margin¹⁰

0.7%Net margin¹⁰

21.3%Revenue growth, 2025¹⁰

2.4%Return on equity¹⁰

1.16×Debt to equity¹⁰

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Alaska Airlines brought in 64% of the revenue Alaska Air Group broke down this way in fiscal 2025.

Alaska Airlines$9.1B¹⁰64%up 0% from 2024
Hawaiian Airlines$3.3B¹⁰23%up 278% from 2024
Regional$1.9B¹⁰13%up 3% from 2024

Business segments by year

Business segments	2023	2024	2025
Alaska Airlines	$8.9B	$9.1B	$9.1B
Hawaiian Airlines	$0	$869.0M	$3.3B
Regional	$1.6B	$1.8B	$1.9B

Where the money goes

Where each dollar of revenue went, fiscal 2025

Other costs

Other costs99¢$14.1B
Income tax0¢$46.0M
Profit1¢$100.0M

Out of $14.2B in revenue.¹⁰

Where each dollar of operating cash went, fiscal 2025

Share buybacksKept or used elsewhere

Share buybacks46¢$570.0M
Kept or used elsewhere54¢$679.0M

Out of $1.2B of cash from operations.¹⁰

Financial statements

Revenue¹¹¹²¹³¹⁴¹⁰$14.2B in 2025+62% since 2019

Operating income¹¹¹²¹³¹⁴¹⁰$303.0M in 2025−71% since 2019

Net income¹¹¹²¹³¹⁴¹⁰$100.0M in 2025−87% since 2019

Every line of the income statement as filed: the last 3 fiscal years, latest first.¹⁰

Period ending	2025-12-31	2024-12-31	2023-12-31
Revenue	$14.2B	$11.7B	$10.4B
Wages and benefits	$4.8B	$3.6B	$3.0B
Variable incentive pay	$268.0M	$358.0M	$200.0M
Aircraft fuel, including hedging gains and losses	$2.9B	$2.5B	$2.6B
Aircraft maintenance	$912.0M	$620.0M	$488.0M
Aircraft rent	$250.0M	$207.0M	$208.0M
Landing fees and other rentals	$1.1B	$781.0M	$680.0M
Contracted services	$590.0M	$444.0M	$389.0M
Selling expenses	$407.0M	$349.0M	$303.0M
Depreciation and amortization	$795.0M	$583.0M	$451.0M
Food and beverage service	$383.0M	$287.0M	$241.0M
Third-party regional carrier expense	$272.0M	$243.0M	$218.0M
Other	$1.1B	$854.0M	$729.0M
Special items - operating	$250.0M	$345.0M	$443.0M
Total Operating Expenses	$13.9B	$11.2B	$10.0B
Operating Income	$303.0M	$570.0M	$394.0M
Interest income	$94.0M	$101.0M	$80.0M
Interest expense	-$272.0M	-$171.0M	-$121.0M
Interest capitalized	$37.0M	$29.0M	$27.0M
Special items - net non-operating	$0	$16.0M	-$18.0M
Other - net	-$16.0M	$0	-$39.0M
Total Non-operating Expense	-$157.0M	-$25.0M	-$71.0M
Income Before Income Tax	$146.0M	$545.0M	$323.0M
Income tax expense	$46.0M	$150.0M	$88.0M
Net Income	$100.0M	$395.0M	$235.0M
Basic earnings per share (in dollars per share)	$0.85	$3.13	$1.84
Diluted earnings per share (in dollars per share)	$0.83	$3.08	$1.83
Basic	118.2M shares	126.1M shares	127.4M shares
Diluted	119.9M shares	128.4M shares	128.7M shares

Total assets¹⁷¹¹¹²¹³¹⁴¹⁰$20.4B in 2025+57% since 2019

Shareholders’ equity¹²¹³¹⁴¹⁰$4.1B in 2025−5% since 2019

Cash¹¹¹²¹³¹⁴¹⁰$627.0M in 2025+184% since 2019

Long-term debt¹⁷¹¹¹²¹³¹⁴¹⁰$4.8B in 2025+277% since 2019

Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.¹⁰

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	$627.0M	$1.2B	$281.0M
Restricted cash	$28.0M	$29.0M	$0
Marketable securities	$1.5B	$1.3B
Receivables - net	$565.0M	$558.0M
Inventories and supplies - net	$203.0M	$199.0M
Prepaid expenses	$278.0M	$307.0M
Other current assets	$69.0M	$192.0M
Total Current Assets	$3.3B	$3.8B
Property and equipment - net of accumulated depreciation and amortization of $4,945 and $4,548	$11.9B	$10.8B
Operating lease assets	$1.3B	$1.3B
Goodwill	$2.7B	$2.7B
Intangible assets - net of accumulated amortization of $74 and $16	$815.0M	$873.0M
Other noncurrent assets	$432.0M	$334.0M
Total Noncurrent Assets	$17.1B	$16.0B
Total Assets	$20.4B	$19.8B
Accounts payable	$324.0M	$186.0M
Accrued wages, vacation and payroll taxes	$881.0M	$1.0B
Other accrued liabilities	$1.1B	$997.0M
Current portion of long-term debt and finance leases	$721.0M	$450.0M
Current portion of operating lease liabilities	$197.0M	$207.0M
Total Current Liabilities	$6.6B	$6.1B
Long-term debt and finance leases, net of current portion	$4.8B	$4.5B
Operating lease liabilities, net of current portion	$1.1B	$1.2B
Net deferred tax liabilities	$1.0B	$934.0M
Deferred revenue	$1.7B	$1.7B
Obligation for pension and post-retirement medical benefits	$369.0M	$460.0M
Other liabilities	$595.0M	$457.0M
Total Noncurrent Liabilities	$9.7B	$9.3B
Preferred stock, $0.01 par value, Authorized: 5,000,000 shares, none issued or outstanding	$0	$0
Common stock, $0.01 par value, Authorized: 400,000,000 shares, Issued: 2025 - 145,115,659 shares; 2024 - 141,449,174 shares, Outstanding: 2025 - 115,530,889 shares; 2024 - 123,119,199 shares	$1.0M	$1.0M
Capital in excess of par value	$961.0M	$811.0M
Treasury stock (common), at cost: 2025 - 29,584,770 shares; 2024 - 18,329,975 shares	-$1.7B	-$1.1B
Accumulated other comprehensive loss	-$173.0M	-$239.0M
Retained earnings	$5.0B	$4.9B
Total Shareholders' Equity	$4.1B	$4.4B	$4.1B	$3.8B
Total Liabilities and Shareholders' Equity	$20.4B	$19.8B
Property and equipment, accumulated depreciation and amortization	$4.9B	$4.5B
Intangible assets - accumulated amortization	$74.0M	$16.0M
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized (in shares)	5.0M shares	5.0M shares
Preferred stock, shares issued (in shares)	0 shares	0 shares
Preferred stock, shares outstanding (in shares)	0 shares	0 shares
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	400.0M shares	400.0M shares
Common stock, shares issued (in shares)	145.1M shares	141.4M shares
Common stock, shares outstanding (in shares)	115.5M shares	123.1M shares
Treasury stock (in shares)	18.3M shares	29.6M shares

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	$627.0M	$1.2B	$281.0M
Restricted cash	$28.0M	$29.0M	$0
Marketable securities	$1.5B	$1.3B
Receivables - net	$565.0M	$558.0M
Inventories and supplies - net	$203.0M	$199.0M
Prepaid expenses	$278.0M	$307.0M
Other current assets	$69.0M	$192.0M
Total Current Assets	$3.3B	$3.8B
Property and equipment - net of accumulated depreciation and amortization of $4,945 and $4,548	$11.9B	$10.8B
Operating lease assets	$1.3B	$1.3B
Goodwill	$2.7B	$2.7B
Intangible assets - net of accumulated amortization of $74 and $16	$815.0M	$873.0M
Other noncurrent assets	$432.0M	$334.0M
Total Noncurrent Assets	$17.1B	$16.0B
Total Assets	$20.4B	$19.8B
Accounts payable	$324.0M	$186.0M
Accrued wages, vacation and payroll taxes	$881.0M	$1.0B
Other accrued liabilities	$1.1B	$997.0M
Current portion of long-term debt and finance leases	$721.0M	$450.0M
Current portion of operating lease liabilities	$197.0M	$207.0M
Total Current Liabilities	$6.6B	$6.1B
Long-term debt and finance leases, net of current portion	$4.8B	$4.5B
Operating lease liabilities, net of current portion	$1.1B	$1.2B
Net deferred tax liabilities	$1.0B	$934.0M
Deferred revenue	$1.7B	$1.7B
Obligation for pension and post-retirement medical benefits	$369.0M	$460.0M
Other liabilities	$595.0M	$457.0M
Total Noncurrent Liabilities	$9.7B	$9.3B
Preferred stock, $0.01 par value, Authorized: 5,000,000 shares, none issued or outstanding	$0	$0
Common stock, $0.01 par value, Authorized: 400,000,000 shares, Issued: 2025 - 145,115,659 shares; 2024 - 141,449,174 shares, Outstanding: 2025 - 115,530,889 shares; 2024 - 123,119,199 shares	$1.0M	$1.0M
Capital in excess of par value	$961.0M	$811.0M
Treasury stock (common), at cost: 2025 - 29,584,770 shares; 2024 - 18,329,975 shares	-$1.7B	-$1.1B
Accumulated other comprehensive loss	-$173.0M	-$239.0M
Retained earnings	$5.0B	$4.9B
Total Shareholders' Equity	$4.1B	$4.4B	$4.1B	$3.8B
Total Liabilities and Shareholders' Equity	$20.4B	$19.8B
Property and equipment, accumulated depreciation and amortization	$4.9B	$4.5B
Intangible assets - accumulated amortization	$74.0M	$16.0M
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized (in shares)	5.0M shares	5.0M shares
Preferred stock, shares issued (in shares)	0 shares	0 shares
Preferred stock, shares outstanding (in shares)	0 shares	0 shares
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	400.0M shares	400.0M shares
Common stock, shares issued (in shares)	145.1M shares	141.4M shares
Common stock, shares outstanding (in shares)	115.5M shares	123.1M shares
Treasury stock (in shares)	18.3M shares	29.6M shares

Cash from operations¹¹¹²¹³¹⁴¹⁰$1.2B in 2025−27% since 2019

Capital spending¹¹¹²¹³$1.5B in 2023+115% since 2019

Free cash flow¹¹¹²¹³¹⁴¹⁰-$444.0M in 2023

Dividends paid¹¹¹²$0 in 2022

Share buybacks¹¹¹²¹³¹⁴¹⁰$570.0M in 2025+660% since 2019

Every line of the cash flow as filed: the last 3 fiscal years, latest first.¹⁰

Period ending	2025-12-31	2024-12-31	2023-12-31
Net Income	$100.0M	$395.0M	$235.0M
Depreciation and amortization	$795.0M	$583.0M	$451.0M
Stock-based compensation and other	$10.0M	$63.0M	$85.0M
Non-cash special items	$51.0M	-$70.0M	$422.0M
Changes in deferred income taxes	$47.0M	$135.0M	$81.0M
Increase in accounts receivable	-$4.0M	-$128.0M	-$19.0M
Increase (decrease) in air traffic liability	-$23.0M	$63.0M	-$44.0M
Increase in deferred revenue	$177.0M	$116.0M	$106.0M
Other - net	$96.0M	$307.0M	-$267.0M
Net cash provided by operating activities	$1.2B	$1.5B	$1.1B
Aircraft and aircraft purchase deposits	-$1.1B	-$817.0M	-$1.1B
Other flight equipment	-$216.0M	-$171.0M	-$197.0M
Other property and equipment	-$309.0M	-$293.0M	-$242.0M
Acquisition of Hawaiian, net of cash acquired	$0	-$659.0M	$0
Supplier proceeds	$0	$162.0M	$0
Purchases of marketable securities	-$1.5B	-$832.0M	-$536.0M
Sales and maturities of marketable securities	$1.3B	$1.8B	$1.2B
Other investing activities	$155.0M	$215.0M	-$86.0M
Net cash used in investing activities	-$1.6B	-$634.0M	-$964.0M
Proceeds from issuance of long-term debt, net of issuance costs	$808.0M	$2.3B	$411.0M
Long-term debt payments	-$519.0M	-$1.9B	-$282.0M
Common stock repurchases	-$570.0M	-$312.0M	-$137.0M
Other financing activities	$82.0M	$36.0M	-$139.0M
Net cash provided by (used in) financing activities	-$199.0M	$119.0M	-$147.0M
Net increase (decrease) in cash and cash equivalents	-$573.0M	$949.0M	-$61.0M
Interest, net of amount capitalized	$223.0M	$148.0M	$105.0M
Income taxes, net of refunds received	$3.0M	$22.0M	$15.0M
Right-of-use assets acquired through operating leases	$173.0M	$35.0M	$178.0M
Operating leases converted to finance leases	$200.0M	$0	$505.0M
Property and equipment acquired through the issuance of debt	$69.0M	$68.0M	$179.0M

Compare Alaska Air Group with another company

Corporate structure

Alaska Air Group sits at the top of its group. 14 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Alaska Air Group

FMR LLC Filed SCHEDULE 13G/A on Alaska Air Group, latest May 6, 2026 (5 filings since May 12, 2025)
VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Alaska Air Group, latest Apr 29, 2026
VANGUARD GROUP INC Filed SCHEDULE 13G/A on Alaska Air Group, latest Mar 26, 2026 (6 filings since Feb 9, 2022)
VICTORY CAPITAL MANAGEMENT INC Filed SCHEDULE 13G/A on Alaska Air Group, latest Oct 24, 2025 (4 filings since Feb 2, 2023)
DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G on Alaska Air Group, latest Jul 15, 2025
BlackRock Filed SCHEDULE 13G/A on Alaska Air Group, latest Apr 17, 2025 (4 filings since Feb 7, 2022)
PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on Alaska Air Group, latest Feb 14, 2022

Alaska Air Group Seattle, Washington, United States
- Horizon Air Subsidiary · Seattle
- AAG Leasing, Inc. Subsidiary · Delaware, United States
- AAG Real Property, LLC. (a) Subsidiary · Delaware, United States
- Alaska Airlines, Inc. Subsidiary · Alaska, United States
- Alaska Star Ventures, LLC Subsidiary · Delaware, United States
- AS Mileage Plan Holdings Ltd. (a) Subsidiary · Cayman Islands
- AS Mileage Plan IP Ltd. (b) Subsidiary · Cayman Islands
- ASA Beverages, LLC. (a) Subsidiary · Delaware, United States
- Hawaiian Airlines, Inc. (c) Subsidiary · Delaware, United States
- Hawaiian Gifts, LLC (c) Subsidiary · Arizona, United States
- Hawaiian Holdings, Inc. Subsidiary · Delaware, United States
- Horizon Air Industries, Inc. Subsidiary · Washington, United States
- McGee Air Services, Inc. (a) Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Alaska Air Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Aircraft	$12.3B¹⁴ Dec 31, 2024	$10.4B¹⁴ Dec 31, 2023	+17.7%
Property and equipment, before depreciation	$15.3B¹⁴ Dec 31, 2024	$12.7B¹⁴ Dec 31, 2023	+20.4%
Accumulated depreciation	$4.9B¹⁰ Dec 31, 2025	$4.5B¹⁰ Dec 31, 2024	+8.7%
Property and equipment, net	$11.9B¹⁰ Dec 31, 2025	$10.8B¹⁰ Dec 31, 2024	+10.0%
Operating-lease assets (leased space)	$1.3B¹⁰ Dec 31, 2025	$1.3B¹⁰ Dec 31, 2024	−2.2%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$627.0M¹⁰ Dec 31, 2025	$1.2B¹⁰ Dec 31, 2024	−47.8%
Marketable securities, current	$1.5B¹⁰ Dec 31, 2025	$1.3B¹⁰ Dec 31, 2024	+17.4%
Debt securities available for sale	$1.5B¹⁰ Dec 31, 2025	$1.3B¹⁰ Dec 31, 2024	+17.4%
Stakes in other companies (equity method)	$74.0M¹⁰ Dec 31, 2025	$51.0M¹⁰ Dec 31, 2024	+45.1%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$2.7B¹⁰ Dec 31, 2025	$2.7B¹⁰ Dec 31, 2024	0%
Intangible assets, net (excluding goodwill)	$815.0M¹⁰ Dec 31, 2025	$873.0M¹⁰ Dec 31, 2024	−6.6%
Accumulated amortization	$74.0M¹⁰ Dec 31, 2025	$16.0M¹⁰ Dec 31, 2024	+362.5%

Inventory

Item	Latest	A year before	Change
Inventory, total	$203.0M¹⁰ Dec 31, 2025	$199.0M¹⁰ Dec 31, 2024	+2.0%

Properties, in its own words

AIRCRAFT

Aircraft · Seats · Owned · Leased · Total · AverageAge inYears

The rest of Item 2

Mainline

B737-700 Freighters · — · 3 · — · 3 · 24.9

B737-800 Freighters · — · — · 2 · 2 · 18.4

A330-300 Freighters · — · — · 10 · 10 · 10.4

A321-200neo · 189 · 14 · 4 · 18 · 7.0

A330-200 · 278 · 12 · 12 · 24 · 12.5

B717-200 · 128 · 19 · — · 19 · 23.7

B737-700 · 124 · 11 · — · 11 · 25.7

B737-800 · 159 - 161 · 49 · 10 · 59 · 17.7

B737-900ER · 178 · 79 · — · 79 · 9.9

B737-8 · 159 - 161 · 14 · — · 14 · 0.8

B737-9 · 178 · 66 · 14 · 80 · 2.8

B787-9 · 300 · 5 · — · 5 · 1.0

Total Mainline Fleet · 272 · 52 · 324 · 10.6

Regional

E175 · 76 · 47 · 42 · 89 · 6.6

Total Regional Fleet · 47 · 42 · 89 · 6.6

Total Air Group Fleet · 319 · 94 · 413 · 9.7

Part II, Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of this Annual Report on Form 10-K discusses future orders and options for additional aircraft. “Liquidity and Capital Resources” provides more information about aircraft that are used to secure long-term debt arrangements or collateralize credit facilities. Note 6 to the consolidated financial statements included in Part II, Item 8 of this Annual Report on Form 10-K provides more information regarding leased aircraft as capitalized on our consolidated balance sheets.

Aircraft leases

Our airlines lease B737-800F, B737-800, B737-9, A321-200neo, A330-200, A330-300F, and E175 aircraft types. The leases for the B737-800F expire in 2034. The leases for the B737-800 aircraft expire between 2026 and 2030. The leases for the B737-9 aircraft expire between 2031 and 2035. The leases for the A321neo aircraft expire between 2030 and 2032. The leases for the A330-200 aircraft expire between 2026 and 2034. The leases for the A330-300F expire in 2030. The leases for the E175 aircraft, which support Alaska's capacity purchase agreement with SkyWest, expire between 2030 and 2034. Our airlines have the option to extend some of the leases for additional periods.

OTHER PROPERTIES

In various cities in Alaska, we own terminal buildings and hangars. We also own or lease several buildings located at or near Seattle-Tacoma International Airport. These include a multi-bay hangar and shops complex (used primarily for line maintenance), a flight operations and training center, an air cargo facility, a data center, and various other commercial office buildings. In various cities in Hawai'i, we own or lease various properties. In Honolulu, our principal terminal facilities, cargo facilities and hangar and maintenance facilities are located at Daniel K. Inouye International Airport (HNL). The majority of the facilities at HNL are leased on a month-to-month basis. We are also charged for the use of terminal facilities at other Neighbor Island airports owned by the State of Hawai'i. Some terminal facilities, including gates and holding rooms, are considered by the State of Hawai'i to be common areas and thus are not exclusively controlled by us. We also utilize other State of Hawai'i facilities, including station manager offices, Premier Club lounges, and operations support space.

At the majority of the airports we serve, we lease ticket counters, gates, cargo and baggage space, ground equipment, office space, and other support areas. Airport leases contain provisions for periodic adjustments of lease rates. We are typically responsible for maintenance, insurance and other facility-related expenses and services under these agreements. We also lease operations, training, administrative, and data center facilities in Burlingame, CA; Long Beach, CA; Honolulu, HI; Portland, OR; Puyallup, WA; Quincy, WA; Seattle, WA; and Spokane, WA, call center facilities in Phoenix, AZ and Boise, ID, and hangars in Portland, OR, Everett, WA, and Spokane, WA.

Item 2 of the 10-K filed Feb 12, 2026.¹⁸

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.¹

The story

Alaska Air Group was formed in 1985 as a holding company for Alaska Airlines, and a year later it acquired Horizon Air and Jet America Airlines. Jet America Airlines was merged into Alaska Airlines in 1987.

In 2011, Alaska Air Group replaced the AMR Corporation in the Dow Jones Transportation Average following AMR's filing for bankruptcy.

On March 29, 2016, Alaska Airlines announced that it would form a wholly owned subsidiary called McGee Air Services, a dedicated airline services company. McGee competes with other companies to provide ground handling, aircraft cleaning and wheelchair services to Alaska Airlines.

On April 4, 2016, Alaska Air Group announced plans to acquire Virgin America, pending approval from US government regulators and Virgin America shareholders; the acquisition was completed on December 14, 2016. The total price was approximately $2.6 billion. Until 2018, Alaska Air Group continued to operate Alaska Airlines and Virgin America as separate airlines and continued to honor both Alaska's Mileage Plan and Virgin America's Elevate loyalty programs. Following the acquisition of Virgin America, the actual number of Alaska Air Group employees had increased from 15,143 at the end of 2015 to 19,112 (12,224 at Alaska Airlines, 3,616 at Horizon Air, and 3,252 at Virgin America) by the end of 2016.

On March 22, 2017, the company announced that Alaska Air Group would merge Virgin America and Alaska Airlines, with the combined airline to operate under the Alaska Airlines brand. The merger was largely completed on April 25, 2018 and the Virgin America brand was fully retired by June 2, 2019.

On December 3, 2023, Alaska Air Group announced that it planned to purchase Hawaiian Airlines in a deal worth approximately $1.9 billion. The deal would retain both Alaska Airlines and Hawaiian Airlines as separate brands. On August 19, 2024, the U.S. Department of Justice completed its regulatory antitrust review of the proposed acquisition and declined to file a lawsuit to block it. The merger received the approval of the U.S. Department of Transportation on September 17, 2024 with the merger closing the following day.

From Wikipedia’s article on Alaska Air Group, shared under CC BY-SA 4.0.⁸

Leadership

Who has led Alaska Air Group, and when. Pick a name to see everywhere that person has worked.

Chief executive officerRakow Diana Birkett Feb 12, 2026 to Jul 7, 2026¹⁹
Chief executive officerTiffany J. Dehaan Jul 7, 2026 to now²⁰
Chief executive officerAndrea L. Schneider Nov 4, 2025 to Feb 12, 2026²¹
Chief executive officerBenito Minicucci Oct 4, 2021 to Nov 4, 2025²²
Chief executive officerGary L. Beck Jan 25, 2018 to Feb 19, 2019²³
Chief executive officerJeffrey D. Pinneo Feb 14, 2006 to Aug 11, 2010²⁴
Chief executive officerWilliam S. Ayer Feb 14, 2006 to Feb 22, 2012²⁵
ChairWilliam S. Ayer Feb 14, 2006 to Dec 2, 2013²⁵
PresidentJason M. Berry Nov 6, 2023 to Mar 21, 2024²⁶
PresidentBenito Minicucci Nov 12, 2019 to Nov 6, 2023²⁷
PresidentJoseph A. Sprague Nov 12, 2019 to May 4, 2023²⁸
PresidentGlenn S. Johnson Oct 29, 2010 to Jul 2, 2014²⁹
PresidentJeffrey D. Pinneo Feb 14, 2006 to Mar 16, 2010²⁴
PresidentWilliam S. Ayer Feb 14, 2006 to Feb 22, 2012²⁵
Chief financial officerShane R. Tackett Mar 9, 2020 to now³⁰
Chief financial officerBrandon Pedersen Jun 14, 2010 to Feb 18, 2020³¹
Chief financial officerGlenn S. Johnson Jan 13, 2009 to Mar 23, 2010³²
Chief operating officerJason M. Berry Nov 4, 2025 to now³³
Chief operating officerMuehlen Constance E. Von Apr 15, 2021 to Nov 4, 2025³⁴
Chief operating officerGary L. Beck Nov 12, 2019 to Feb 16, 2021³⁵
Chief operating officerPeter D. Hunt Jan 10, 2017 to Dec 15, 2017³⁶
Chief operating officerBenito Minicucci Dec 8, 2008 to May 14, 2019³⁷

Board members and other officers (44)

EVP & Chief People OfficerLindsay-Rae McIntyre Apr 2, 2026 to now³⁸
EVP AAG Cargo & Pres HorizonJason M. Berry Sep 24, 2024 to now³⁹
VP FIN AND CONTROLLERChristopher Michael Berry Feb 9, 2022 to Feb 16, 2022⁴⁰
PRINCIPAL ACCOUNTING OFFICEREmily Halverson Apr 11, 2022 to now⁴¹
VP PEOPLEAndrea L. Schneider Aug 31, 2017 to Feb 18, 2025⁴²
VP EXT RELATIONSRakow Diana Birkett Sep 21, 2017 to now⁴³
VP LEGALKyle B. Levine Jan 8, 2016 to now⁴⁴
EXEC VP/LEGAL & GEN COUNSELKeith Loveless Mar 12, 2014 to Feb 17, 2015⁴⁵
VP/LEGAL, GEN CSLHerman L. Wacker Oct 16, 2014 to Feb 11, 2016⁴⁶
VP/MARKETINGJoseph A. Sprague Mar 13, 2012 to Jun 9, 2017⁴⁷
VP/FINANCE & TREASURERMark G. Eliasen Mar 13, 2012 to Feb 14, 2018⁴⁸
VP/LABOR RELATIONSShane R. Tackett Mar 13, 2012 to Feb 18, 2020⁴⁹
VP/HUMAN RESOURCESTamara S. Young Sep 19, 2012 to Dec 9, 2016⁵⁰
VP/HR, STRATEGY & CULTUREKelley J. Dobbs Jun 20, 2007 to Feb 22, 2012⁵¹
SR VP CUSTOMER SVC AIRPORTSGlenn S. Johnson Jan 17, 2006 to Feb 17, 2015⁵²
EXEC VP OPERATIONSKevin P. Finan Jan 23, 2006 to Feb 13, 2008⁵³
EXEC VP/MARKETING & PLANNINGGregg A. Saretsky Feb 14, 2006 to Jan 7, 2009⁵⁴
STAFF VP/FINANCE AND TREASURERJohn F. Schaefer Jr. Mar 13, 2006 to Jul 26, 2011⁵⁵
STAFF VP FINANCE & CONTROLLERBrandon Pedersen Apr 26, 2006 to May 4, 2010⁵⁶
Board memberMike Sievert Jun 3, 2026 to now⁵⁷
Board memberPeter A. Shimer May 12, 2025 to now⁵⁸
Board memberBenito Minicucci Jun 9, 2023 to now⁵⁹
Board memberDaniel Kevin Elwell Jan 22, 2021 to now⁶⁰
Board memberAdrienne Rochelle Lofton Oct 18, 2021 to now⁶¹
Board memberKathleen T. Hogan Aug 8, 2019 to now⁶²
Board memberRaymond L. Conner Jan 22, 2018 to now⁶³
Board memberSusan Li May 7, 2018 to May 5, 2022⁶⁴
Board memberJames A. Beer Aug 7, 2017 to now⁶⁵
Board memberDhiren R. Fonseca Nov 4, 2014 to May 8, 2023⁶⁶
Board memberKatherine J. Savitt Nov 4, 2014 to Feb 21, 2017⁶⁷
Board memberHelvi Kay Sandvik Nov 18, 2013 to now⁶⁸
Board memberEric K. Yeaman Nov 8, 2012 to now⁶⁹
Board memberMarion C. Blakey Oct 22, 2010 to May 8, 2020⁷⁰
Board memberBruce R. Kennedy May 26, 2006 to Jun 15, 2007⁷¹
Board memberBryon I. Mallott May 26, 2006 to Dec 1, 2014⁷²
Board memberJ. Kenneth Thompson May 26, 2006 to Dec 12, 2024⁷³
Board memberJessie J. Knight Jr. May 26, 2006 to May 5, 2022⁷⁴
Board memberJohn Rindlaub V. May 26, 2006 to Jun 15, 2007⁷⁵
Board memberMarc Langland May 26, 2006 to May 12, 2014⁷⁶
Board memberMark R. Hamilton May 26, 2006 to May 20, 2010⁷⁷
Board memberPatricia M. Bedient May 26, 2006 to now⁷⁸
Board memberPhyllis J. Campbell May 26, 2006 to May 8, 2020⁷⁹
Board memberRichard A. Wien May 26, 2006 to Dec 10, 2007⁸⁰
General counselKeith Loveless Feb 14, 2006 to Mar 3, 2014⁸¹

Products and brands

Fleet

Alaska Air Group operates a mix of Airbus, Boeing and Embraer aircraft through its subsidiaries Alaska Airlines, Hawaiian Airlines, and Horizon Air.

As of March 2026, Alaska Airlines' fleet consists of about 235 Boeing 737 and 5 Boeing 787 aircraft, Hawaiian Airlines' fleet consists of about 18 Airbus A321neo, 24 Airbus A330, and 19 Boeing 717 aircraft, and Horizon Air's fleet consists of about 44 Embraer 175 aircraft, with the combined fleet under Alaska Air Group's management numbering 345 aircraft.

Alaska Air Group has created a new branding identity for its Horizon Air subsidiary and other independently owned and separately directed affiliate regional airlines it chooses to contract to do regional flying business into markets too limited to be flown only on Alaska Airlines mainline equipment. Among the other airlines now sub-contracted to do additional flying for the Alaska Air Group is SkyWest Airlines, who has about 40 Embraer 175 aircraft dedicated to providing service for the Alaska Airlines are painted in a very similar manner to Horizon's. SkyWest's fleet however, is branded Alaska SkyWest to differentiate that airline's aircraft from those of Horizon Air.

Route network

Through Alaska Airlines and Horizon Air, Alaska Air Group services the passenger and cargo markets of the Pacific Northwest with its extensive route network hub through Seattle–Tacoma in Washington state and Portland in Oregon, and the state of Alaska in Anchorage. After the demise of Aloha Airlines and ATA Airlines in 2008, Alaska Air Group expanded heavily centering on Hawaii and other non-airline hub secondary mainland cities and airports, including San Diego and San Jose. After the acquisition of Virgin America in 2016, Alaska Air Group further expanded into California through Virgin America's hubs in San Francisco and Los Angeles. After the acquisition of Hawaiian Airlines in 2024, Alaska Air Group is expanding into Hawaii through Hawaiian Airlines' hub in Honolulu, making it the second largest hub behind Seattle–Tacoma.

From Wikipedia’s article on Alaska Air Group, shared under CC BY-SA 4.0.⁸

Subsidiaries and ownership

Subsidiaries

Subsidiaries (Exhibit 21)

AAG Leasing, Inc. Delaware⁹
AAG Real Property, LLC. (a) Delaware⁹
AS Mileage Plan Holdings Ltd. (a) Cayman Islands⁹
AS Mileage Plan IP Ltd. (b) Cayman Islands⁹
ASA Beverages, LLC. (a) Delaware⁹
Alaska Star Ventures, LLC Delaware⁹
Hawaiian Airlines, Inc. (c) Delaware⁹
Hawaiian Gifts, LLC (c) Arizona⁹
Hawaiian Holdings, Inc. Delaware⁹
Horizon Air Industries, Inc. Washington⁹
McGee Air Services, Inc. (a) Delaware⁹

From Wikidata.¹ The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

ALASKA AIR GROUP INCFeb 15, 1994 to May 18, 2012⁷

Timeline

Sep 29, 20268-K Regulation FD disclosure⁸²
Jul 21, 20268-K Results of operations; Regulation FD disclosure⁸³
Jul 7, 2026New chief executive Tiffany J. Dehaan becomes CEO²⁰
Jun 17, 20268-K Executive or director change; Regulation FD disclosure⁸⁴
Jun 3, 20268-K Executive or director change; Regulation FD disclosure⁸⁵
May 14, 20268-K Shareholder vote⁸⁶
May 12, 20268-K Entered a material agreement; New debt or obligation⁸⁷
May 7, 20268-K Other events⁸⁸
May 6, 20268-K Other events⁸⁹
Apr 20, 20268-K Entered a material agreement; Results of operations; Regulation FD disclosure⁹⁰
Mar 30, 20268-K Regulation FD disclosure⁹¹
Feb 12, 2026New chief executive Rakow Diana Birkett becomes CEO¹⁹
Jan 22, 20268-K Results of operations; Regulation FD disclosure⁹²
Jan 7, 20268-K Entered a material agreement⁹³
Nov 4, 2025New chief executive Andrea L. Schneider becomes CEO²¹
Oct 4, 2021New chief executive Benito Minicucci becomes CEO²²
Jan 25, 2018New chief executive Gary L. Beck becomes CEO²³
Feb 14, 2006New chief executive William S. Ayer becomes CEO²⁵
Feb 14, 2006New chief executive Jeffrey D. Pinneo becomes CEO²⁴
Jan 2, 1990Went public Listed on NYSE¹
1985Founded Founded¹

Calendar

Coming up

Oct 20, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1.05 a share, on Oct 23, 2025.⁹⁴

When it reported results

Jul 21, 2026Reported quarterly or annual results⁸³
Apr 20, 2026Reported quarterly or annual results⁹⁰
Jan 22, 2026Reported quarterly or annual results⁹²
Oct 24, 2025Reported quarterly or annual results⁹⁵
Jul 23, 2025Reported quarterly or annual results⁹⁶
Apr 23, 2025Reported quarterly or annual results⁹⁷
Jan 22, 2025Reported quarterly or annual results⁹⁸
Oct 31, 2024Reported quarterly or annual results⁹⁹

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

455 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 74 major events, 285 insider forms, 22 large holders, 54 other. The latest 20:

Sep 30, 20264 EDGAR
Sep 30, 20264 EDGAR
Sep 29, 20268-K EDGAR
Sep 24, 20264 EDGAR
Sep 24, 20264 EDGAR
Sep 24, 20264 EDGAR
Sep 24, 20264 EDGAR
Aug 21, 20264 EDGAR
Aug 4, 20264 EDGAR
Aug 4, 202610-Q EDGAR
Aug 3, 2026144 EDGAR
Jul 21, 20268-K EDGAR
Jul 7, 20263 EDGAR
Jun 30, 20264 EDGAR
Jun 17, 20268-K EDGAR
Jun 3, 20264 EDGAR
Jun 3, 20263 EDGAR
Jun 3, 20268-K EDGAR
May 14, 20264 EDGAR
May 14, 20264 EDGAR

The 455 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

45 open-market trades by officers, directors and large owners since October 2021: 2 buys and 43 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Aug 20, 2026	MINICUCCI BENITOCEO AND PRESIDENT	Buy	25,000	$40.06	$1.0M	Form 4
Aug 3, 2026	HARRISON ANDREW REVP AND CCO	Sale	5,300	$49.67	$263.3K	Form 4
Feb 18, 2026	HARRISON ANDREW REVP AND CCO	Sale	5,500	$56.63	$311.5K	Form 4
Feb 18, 2026	TACKETT SHANE RPres. of Ops Sub & CFO	Sale	24,000	$57.15	$1.4M	Form 4
Feb 13, 2026	HARRISON ANDREW REVP AND CCO	Sale	14,500	$54.81	$794.7K	Form 4
Feb 9, 2026	LEVINE KYLE BEVP Corp Pub Aff & Chf Leg Off	Sale	2,945	$60.02	$176.8K	Form 4
Feb 5, 2026	TACKETT SHANE RPres. of Ops Sub & CFO	Sale	10,000	$55.00	$550.0K	Form 4
Aug 18, 2025	LEVINE KYLE BEVP Corp Pub Aff & Chf Leg Off	Sale	5,914	$57.75	$341.5K	Form 4
Aug 13, 2025	TACKETT SHANE RPres. of Ops Sub & CFO	Sale	5,000	$57.06	$285.3K	Form 4
Jul 28, 2025	HARRISON ANDREW REVP AND CCO	Sale	7,600	$53.22	$404.5K	Form 4
Jun 5, 2025	HALVERSON EMILYVP Finance, Controller & Treas	Sale	2,946	$51.34	$151.2K	Form 4
May 19, 2025	HARRISON ANDREW REVP AND CCO	Sale	7,500	$53.51	$401.3K	Form 4
May 7, 2025	VON MUEHLEN CONSTANCE EEVP & Advisor to COO	Sale	33	$50.16	$1.7K	Form 4
Feb 20, 2025	HARRISON ANDREW REVP AND CCO	Sale	6,600	$76.28	$503.4K	Form 4
Feb 18, 2025	VON MUEHLEN CONSTANCE EEVP & Advisor to COO	Sale	22,157	$75.12	$1.7M	Form 4
Feb 10, 2025	TACKETT SHANE RPres. of Ops Sub & CFO	Sale	22,893	$75.74	$1.7M	Form 4
Jan 30, 2025	SCHNEIDER ANDREA LPres & CEO Horizon Airlines	Sale	1,830	$73.32	$134.2K	Form 4
Jan 29, 2025	LEVINE KYLE BEVP Corp Pub Aff & Chf Leg Off	Sale	4,333	$72.57	$314.5K	Form 4
Jan 28, 2025	HARRISON ANDREW REVP AND CCO	Sale	91,745	$71.14	$6.5M	Form 4
Jan 24, 2025	SPRAGUE JOSEPH A	Sale	9,500	$68.90	$654.5K	Form 4

All 45 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

FMR LLCSCHEDULE 13G/A, 5 filings May 12, 2025 to May 6, 2026¹⁰⁰
VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 2026¹⁰¹
VANGUARD GROUP INCSCHEDULE 13G/A, 6 filings Feb 9, 2022 to Mar 26, 2026¹⁰²
VICTORY CAPITAL MANAGEMENT INCSCHEDULE 13G/A, 4 filings Feb 2, 2023 to Oct 24, 2025¹⁰³
DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G, 1 filing Jul 15, 2025¹⁰⁴
BlackRockSCHEDULE 13G/A, 4 filings Feb 7, 2022 to Apr 17, 2025¹⁰⁵
PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 1 filing Feb 14, 2022¹⁰⁶

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

Year	Executive	Salary	Total pay
2025	Ben Minicucci	$847.7K	$9.9M¹⁰⁷
2025	Shane Tackett	$625.7K	$4.5M¹⁰⁷
2025	Andrew Harrison	$583.9K	$4.2M¹⁰⁷
2025	Constance von Muhelen	$498.0K	$3.5M¹⁰⁷
2025	Kyle Levine	$599.1K	$3.1M¹⁰⁷
2024	CEO	$705.4K	$8.6M¹⁰⁷
2024	EVP Finance & CFO	$577.4K	$4.2M¹⁰⁷
2024	EVP & CCO	$551.1K	$3.9M¹⁰⁷
2024	EVP & Advisor to COO	$465.8K	$3.5M¹⁰⁷
2024	EVP Corporate & Public AffairsChief Legal Officer & Corporate Secretary	$552.3K	$2.9M¹⁰⁷
2023	Alaska AirGroup & Alaska Airlines	$637.7K	$10.3M¹⁰⁷
2023	Alaska Airlines	$530.9K	$4.6M¹⁰⁷

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
BlackRock, Inc.	11,615,069	$606.3M	0.0%	−134,461
Dimensional Fund Advisors LP	6,488,763	$338.7M	0.1%	+140,600
American Century Companies Inc	5,327,194	$278.1M	0.1%	+388,448
Vanguard Capital Management LLC	4,973,407	$259.6M	0.0%	−77,181
Vanguard Portfolio Management LLC	4,959,798	$258.9M	0.0%	−198,906
State Street Corp	3,563,929	$186.0M	0.0%	+79,995
Capital World Investors	3,468,417	$181.1M	0.0%	−61,582
Frontier Capital Management Co LLC	3,384,643	$176.7M	1.6%	+11,056
Primecap Management Co/ca/	3,227,329	$168.5M	0.1%	−23,000
Causeway Capital Management LLC	3,183,163	$166.2M	1.8%	+680,952
Massachusetts Financial Services Co /ma/	2,875,870	$150.1M	0.0%	+5,900
Morgan Stanley	2,292,436	$119.7M	0.0%	−506,931
Fmr LLC	2,178,811	$113.7M	0.0%	−1,374,053
Geode Capital Management, LLC	2,097,326	$109.5M	0.0%	−52,430
Semper Augustus Investments Group LLC	1,793,627	$93.6M	10.6%	+98,565
UBS Group AG	1,710,797	$89.3M	0.0%	+45,951
Par Capital Management Inc	1,579,636	$82.5M	2.0%	−1,864
Charles Schwab Investment Management Inc	1,244,703	$65.0M	0.0%	−18,299
Marshall Wace, Llp	1,204,285	$62.9M	0.1%	−764,905
Millennium Management LLC	1,189,406	$62.1M	0.0%	+75,904
Susquehanna International Group, Llp	1,120,563	$58.5M	0.1%	+922,554
Citadel Advisors LLC	1,084,977	$56.6M	0.0%	+253,311
Goldman Sachs Group Inc	1,058,826	$55.3M	0.0%	+163,940
Jpmorgan Chase & Co	1,035,078	$54.0M	0.0%	+501,406
Alliancebernstein L.P.	1,418,645	$52.2M	0.0%	+1,259,979

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

8 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

Date	Member	Trade	Amount	Vs S&P since	Filing
Oct 22, 2025	Julie JohnsonDemocratic, House	Sale	$1,001 - $15,000	+41.9%	Report
Oct 21, 2025	Julie JohnsonDemocratic, House	Buy	$1,001 - $15,000	−43.3%	Report
Oct 21, 2025	Julie JohnsonDemocratic, House	Sale	$1,001 - $15,000	+43.3%	Report
Aug 8, 2025	Adam SmithDemocratic, House	Sale	$1,001 - $15,000	+53.9%	Report
Jun 17, 2025	Lisa C. McClainRepublican, House	Sale	$1,001 - $15,000	+53.9%	Report
Jun 11, 2025	Lisa C. McClainRepublican, House	Buy	$1,001 - $15,000	−56.9%	Report
Dec 13, 2023	Earl Blumenauer, House	Sale	$1,001 - $15,000	+73.1%	Report
Sep 30, 2022	Earl Blumenauer, House	Buy	$1,001 - $15,000	−126.3%	Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Alaska Air Group is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARALASKA AIR GROUP, INC.²
CIK0000766421
Employer ID (EIN)91-1292054¹⁸
Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company¹⁸
Incorporated inDelaware¹⁸
Fiscal year endsDecember 31²
Industry code (SIC)4512 Air Transportation, Scheduled²
SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance²
Business address19300 International Boulevard, Seattle, WA 98188²
Phone206-392-5040²
Shares outstanding111,603,120 as of Jul 31, 2026¹⁶
Public float$5.7B as of Jun 30, 2025¹⁸
AuditorKPMG LLP, Seattle, WA PCAOB ID 185; it also attests to the company’s internal control over financial reporting¹⁸
On EDGAR sinceFeb 8, 1994²
Filings2,713 in all: 4 (1,297), 8-K (548), SC 13G/A (124), 10-Q (98), DFAN14A (63), SC 13G (44), 3 (43), 5 (43)²
All 52 form types
NO ACT (35), 144 (31), UPLOAD (31), DEF 14A (30), 10-K (27), 4/A (27), DEFA14A (27), PRRN14A (23), 8-K/A (20), ARS (17), CT ORDER (15), S-8 (13), SC 13D/A (13), CORRESP (12), PREC14A (12), 424B7 (10), DEFC14A (10), PRE 14A (10), 10-Q/A (9), PRER14A (9), SCHEDULE 13G/A (9), 424B3 (8), 10-K405 (6), POS AM (5), SC 13D (5), 424B5 (4), DFRN14A (4), S-3ASR (4), SCHEDULE 13G (4), 8-A12B/A (3), S-3 (3), 10-K/A (2), 3/A (2), S-3/A (2), S-8 POS (2), 10-K405/A (1), 424B2 (1), 8-A12B (1), 8-A12G (1), DEFR14A (1), NT 10-Q (1), PX14A6G (1), S-1 (1), S-1/A (1)
Latest filingsAnnual report (10-K) Feb 12, 2026
Quarterly report (10-Q) Aug 4, 2026
Proxy statement (DEF 14A) Mar 30, 2026
Latest 8-K (8-K) Sep 29, 2026

Securities registered for trading

Class	Symbol	Exchange
Common Stock, $0.01 Par Value	ALK	New York Stock Exchange

From the cover page of the 10-K filed Feb 12, 2026 (Section 12(b) of the Exchange Act).¹⁸

Risk factors and legal proceedings

The risks Alaska Air Group names in Item 1A of its 10-K filed Feb 12, 2026: 26 risks under these headings, as written.¹⁸

Our reputation and financial results could be harmed in the event of an airline accident or incident.
Our operations are often affected by factors beyond our control, including delays, cancellations, and other conditions, which could harm our business, financial condition, and results of operations.
We rely on vendors and third parties for certain critical activities and sourcing, which could expose us to disruptions in our operation or unexpected cost increases.
Impacts of climate change, including physical and transition risks, as well as market responses, may have a material adverse result on our operations and financial position.
The airline industry continues to face potential security concerns and related costs.
The airline industry is highly competitive and susceptible to price discounting and changes in capacity, which could have a material adverse effect on our business. If we cannot successfully compete in the marketplace, our business, financial condition, and operating results will be materially adversely affected.
The airline industry may undergo further consolidation or restructuring. In addition, regulatory, policy, and legal developments could impact the extent to which airlines can merge, or form and maintain marketing alliances and joint ventures with other airlines, particularly U.S. carriers. These factors could have a material adverse effect on our business, financial condition, and results of operations.
We may be unable to integrate Hawaiian’s business with ours successfully and realize the anticipated benefits of the acquisition, which could negatively impact our stock price and our future business and financial results.
Our concentration in certain markets could cause us to be disproportionately impacted by adverse changes in circumstances in those locations.
We are dependent on a limited number of suppliers for aircraft and parts.
We rely on partner airlines for codeshare and loyalty program marketing arrangements.
The Company's reputation could be harmed if it is exposed to significant negative publicity.

The other 14 risks

We have a significant amount of debt and fixed obligations. These obligations could lead to liquidity constraints and have a material adverse effect on our financial position. Additionally, increases in interest rates may mean that future borrowings are more costly for the Company, which could harm our future financial results.
Our business, financial condition, and results of operations are substantially exposed to the volatility of jet fuel prices. Significant increases in jet fuel costs or significant disruptions in the supply of jet fuel would harm our business.
Economic uncertainty, including a recession, would likely impact demand for our product and could harm our financial condition and results of operations.
Our financial condition or results of operations may be negatively affected by increases in expenses related to the airports in which we operate.
The application of the acquisition method of accounting resulted in us recording goodwill and identifiable intangible assets, which could result in significant future impairment charges and negatively affect our financial results.
The Company’s ability to use its net operating loss carryforwards to offset future taxable income for U.S. federal and state income tax purposes may be limited.
A significant increase in labor costs or unsuccessful attempts to strengthen our relationships with union employees could adversely affect our business and results of operations.
The inability to attract, retain, and train qualified personnel, or maintain our culture, could result in guest impacts and adversely affect our business and results of operations.
The need to integrate Hawaiian’s workforce into joint collective bargaining agreements with Alaska's workforce presents the potential for delay in achieving expected synergies and other benefits or labor disputes that could adversely affect our operations and costs.
We rely heavily on automated systems to operate our business, including expanded reliance on systems managed or hosted by third parties. Failure to invest in new technology or a disruption of our current systems or their operators could harm our business.
Failure to appropriately comply with evolving and expanding information security rules and regulations or to safeguard our employee or guest data could result in damage to our reputation and cause us to incur substantial legal and regulatory cost.
Cybersecurity threats have and will continue to impact our business. Failure to appropriately mitigate these risks could negatively impact our operations, onboard safety, reputation and financial condition.
Changes in government regulation imposing additional requirements and restrictions on our operations and business model could negatively impact our revenue and operating costs and result in service delays and disruptions.
Our amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware will be the sole and exclusive forum for most legal actions involving actions brought against us by stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or other employees.

Legal proceedings

The Company is a party to various litigation matters incidental to our business. Other than as described in Note 9 to our consolidated financial statements included in Part II, Item 8 of this Annual Report on Form 10-K, Management believes the ultimate outcome of these matters is not likely to materially affect our financial position or results of operations.

The opening of Item 3, Legal Proceedings.¹⁸

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataAlaska Air Group on Wikidata
2
SEC EDGARAlaska Air Group filings on SEC EDGAR
3
WikipediaAlaska Air Group on Wikipedia
4
GLEIFAlaska Air Group LEI record (529900G48RT4KWLC6C27)
5
Yahoo FinanceALK quote
6
Wikimedia CommonsAlaska Air Group logo by Alaska Air Group Inc., Public domain
7
SEC EDGARAlaska Air Group filings on SEC EDGAR
8
WikipediaAlaska Air Group on Wikipedia (revision used)
9
SEC EDGARAlaska Air Group annual report, Exhibit 21 (subsidiaries)
10
SEC EDGARAlaska Air Group 10-K for fiscal 2025
11
SEC EDGARAlaska Air Group 10-K for fiscal 2019
12
SEC EDGARAlaska Air Group 10-K for fiscal 2020
13
SEC EDGARAlaska Air Group 10-K for fiscal 2021
14
SEC EDGARAlaska Air Group 10-K for fiscal 2022
15
SEC EDGARAlaska Air Group 10-Q for fiscal 2026
16
SEC EDGARAlaska Air Group 10-Q for fiscal 2026
17
SEC EDGARAlaska Air Group 10-K for fiscal 2019
18
SEC EDGARAlaska Air Group 10-K filed Feb 12, 2026: Item 2, Properties
19
SEC EDGARRakow Diana Birkett, Chief executive officer
20
SEC EDGARTiffany J. Dehaan, Chief executive officer
21
SEC EDGARAndrea L. Schneider, Chief executive officer
22
SEC EDGARBenito Minicucci, Chief executive officer
23
SEC EDGARGary L. Beck, Chief executive officer
24
SEC EDGARJeffrey D. Pinneo, Chief executive officer
25
SEC EDGARWilliam S. Ayer, Chief executive officer
26
SEC EDGARJason M. Berry, President
27
SEC EDGARBenito Minicucci, President
28
SEC EDGARJoseph A. Sprague, President
29
SEC EDGARGlenn S. Johnson, President
30
SEC EDGARShane R. Tackett, Chief financial officer
31
SEC EDGARBrandon Pedersen, Chief financial officer
32
SEC EDGARGlenn S. Johnson, Chief financial officer
33
SEC EDGARJason M. Berry, Chief operating officer
34
SEC EDGARMuehlen Constance E. Von, Chief operating officer
35
SEC EDGARGary L. Beck, Chief operating officer
36
SEC EDGARPeter D. Hunt, Chief operating officer
37
SEC EDGARBenito Minicucci, Chief operating officer
38
SEC EDGARLindsay-Rae McIntyre, EVP & Chief People Officer
39
SEC EDGARJason M. Berry, EVP AAG Cargo & Pres Horizon
40
SEC EDGARChristopher Michael Berry, VP FIN AND CONTROLLER
41
SEC EDGAREmily Halverson, PRINCIPAL ACCOUNTING OFFICER
42
SEC EDGARAndrea L. Schneider, VP PEOPLE
43
SEC EDGARRakow Diana Birkett, VP EXT RELATIONS
44
SEC EDGARKyle B. Levine, VP LEGAL
45
SEC EDGARKeith Loveless, EXEC VP/LEGAL & GEN COUNSEL
46
SEC EDGARHerman L. Wacker, VP/LEGAL, GEN CSL
47
SEC EDGARJoseph A. Sprague, VP/MARKETING
48
SEC EDGARMark G. Eliasen, VP/FINANCE & TREASURER
49
SEC EDGARShane R. Tackett, VP/LABOR RELATIONS
50
SEC EDGARTamara S. Young, VP/HUMAN RESOURCES
51
SEC EDGARKelley J. Dobbs, VP/HR, STRATEGY & CULTURE
52
SEC EDGARGlenn S. Johnson, SR VP CUSTOMER SVC AIRPORTS
53
SEC EDGARKevin P. Finan, EXEC VP OPERATIONS
54
SEC EDGARGregg A. Saretsky, EXEC VP/MARKETING & PLANNING
55
SEC EDGARJohn F. Schaefer Jr., STAFF VP/FINANCE AND TREASURER
56
SEC EDGARBrandon Pedersen, STAFF VP FINANCE & CONTROLLER
57
SEC EDGARMike Sievert, Board member
58
SEC EDGARPeter A. Shimer, Board member
59
SEC EDGARBenito Minicucci, Board member
60
SEC EDGARDaniel Kevin Elwell, Board member
61
SEC EDGARAdrienne Rochelle Lofton, Board member
62
SEC EDGARKathleen T. Hogan, Board member
63
SEC EDGARRaymond L. Conner, Board member
64
SEC EDGARSusan Li, Board member
65
SEC EDGARJames A. Beer, Board member
66
SEC EDGARDhiren R. Fonseca, Board member
67
SEC EDGARKatherine J. Savitt, Board member
68
SEC EDGARHelvi Kay Sandvik, Board member
69
SEC EDGAREric K. Yeaman, Board member
70
SEC EDGARMarion C. Blakey, Board member
71
SEC EDGARBruce R. Kennedy, Board member
72
SEC EDGARBryon I. Mallott, Board member
73
SEC EDGARJ. Kenneth Thompson, Board member
74
SEC EDGARJessie J. Knight Jr., Board member
75
SEC EDGARJohn Rindlaub V., Board member
76
SEC EDGARMarc Langland, Board member
77
SEC EDGARMark R. Hamilton, Board member
78
SEC EDGARPatricia M. Bedient, Board member
79
SEC EDGARPhyllis J. Campbell, Board member
80
SEC EDGARRichard A. Wien, Board member
81
SEC EDGARKeith Loveless, General counsel
82
SEC EDGARRegulation FD disclosure
83
SEC EDGARResults of operations; Regulation FD disclosure
84
SEC EDGARExecutive or director change; Regulation FD disclosure
85
SEC EDGARExecutive or director change; Regulation FD disclosure
86
SEC EDGARShareholder vote
87
SEC EDGAREntered a material agreement; New debt or obligation
88
SEC EDGAROther events
89
SEC EDGAROther events
90
SEC EDGAREntered a material agreement; Results of operations; Regulation FD disclosure
91
SEC EDGARRegulation FD disclosure
92
SEC EDGARResults of operations; Regulation FD disclosure
93
SEC EDGAREntered a material agreement
94
NasdaqNasdaq calendar
95
SEC EDGARAlaska Air Group 8-K, Item 2.02 (results of operations)
96
SEC EDGARAlaska Air Group 8-K, Item 2.02 (results of operations)
97
SEC EDGARAlaska Air Group 8-K, Item 2.02 (results of operations)
98
SEC EDGARAlaska Air Group 8-K, Item 2.02 (results of operations)
99
SEC EDGARAlaska Air Group 8-K, Item 2.02 (results of operations)
100
SEC EDGARFMR LLC SCHEDULE 13G/A on Alaska Air Group
101
SEC EDGARVANGUARD CAPITAL MANAGEMENT LLC SCHEDULE 13G on Alaska Air Group
102
SEC EDGARVANGUARD GROUP INC SCHEDULE 13G/A on Alaska Air Group
103
SEC EDGARVICTORY CAPITAL MANAGEMENT INC SCHEDULE 13G/A on Alaska Air Group
104
SEC EDGARDIMENSIONAL FUND ADVISORS LP SCHEDULE 13G on Alaska Air Group
105
SEC EDGARBlackRock SCHEDULE 13G/A on Alaska Air Group
106
SEC EDGARPRICE T ROWE ASSOCIATES INC /MD/ SC 13G/A on Alaska Air Group
107
SEC EDGARAlaska Air Group proxy statement (DEF 14A), 2025 pay