Alaska Air Group annual debt-to-equity ratio
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2025
Alaska Air Group Debt-to-Equity Ratio Growth & History (ALK)
Alaska Air Group's debt-to-equity ratio was 1.67 for fiscal 2025.
View full Alaska Air Group company overviewAlaska Air Group annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.67 | 0.21 | +14.47% |
| 2024 | 2024-12-31 | 1.46 | 0.52 | +54.93% |
| 2023 | 2023-12-31 | 0.94 | −0.05 | −4.72% |
| 2022 | 2022-12-31 | 0.99 | −0.08 | −7.85% |
| 2021 | 2021-12-31 | 1.07 | −0.62 | −36.43% |
| 2020 | 2020-12-31 | 1.69 | 0.95 | +128.38% |
| 2019 | 2019-12-31 | 0.74 | 0.18 | +32.07% |
| 2018 | 2018-12-31 | 0.56 | −0.18 | −24.49% |
| 2017 | 2017-12-31 | 0.74 | −0.34 | −31.26% |
| 2016 | 2016-12-31 | 1.08 | 0.80 | +281.30% |
| 2015 | 2015-12-31 | 0.28 | −0.09 | −24.96% |
| 2014 | 2014-12-31 | 0.38 | −0.06 | −13.25% |
| 2013 | 2013-12-31 | 0.44 | −0.30 | −41.10% |
| 2012 | 2012-12-31 | 0.74 | −0.40 | −35.21% |
| 2011 | 2011-12-31 | 1.14 | −0.29 | −20.03% |
| 2010 | 2010-12-31 | 1.43 | −0.70 | −32.97% |
| 2009 | 2009-12-31 | 2.13 | — | — |
Alaska Air Group quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.06 | 0.44 | +27.37% |
| Q1 2026 | 2026-03-31 | 1.77 | 0.25 | +16.71% |
| Q4 2025 | 2025-12-31 | 1.67 | 0.21 | +14.47% |
| Q3 2025 | 2025-09-30 | 1.61 | 0.23 | +17.12% |
| Q2 2025 | 2025-06-30 | 1.62 | 0.70 | +76.31% |
| Q1 2025 | 2025-03-31 | 1.52 | 0.56 | +57.90% |
| Q4 2024 | 2024-12-31 | 1.46 | 0.52 | +54.93% |
| Q3 2024 | 2024-09-30 | 1.37 | 0.25 | +22.57% |
| Q2 2024 | 2024-06-30 | 0.92 | −0.15 | −13.78% |
| Q1 2024 | 2024-03-31 | 0.96 | −0.05 | −5.00% |
| Q4 2023 | 2023-12-31 | 0.94 | −0.05 | −4.72% |
| Q3 2023 | 2023-09-30 | 1.12 | 0.09 | +8.22% |
| Q2 2023 | 2023-06-30 | 1.06 | −0.01 | −1.02% |
| Q1 2023 | 2023-03-31 | 1.01 | −0.09 | −8.02% |
| Q4 2022 | 2022-12-31 | 0.99 | −0.08 | −7.85% |
| Q3 2022 | 2022-09-30 | 1.03 | −0.13 | −11.32% |
| Q2 2022 | 2022-06-30 | 1.07 | −0.33 | −23.57% |
| Q1 2022 | 2022-03-31 | 1.10 | −0.68 | −38.32% |
| Q4 2021 | 2021-12-31 | 1.07 | −0.62 | −36.43% |
| Q3 2021 | 2021-09-30 | 1.17 | −0.07 | −5.82% |
| Q2 2021 | 2021-06-30 | 1.41 | 0.58 | +69.73% |
| Q1 2021 | 2021-03-31 | 1.78 | 1.07 | +151.66% |
| Q4 2020 | 2020-12-31 | 1.69 | 0.95 | +128.38% |
| Q3 2020 | 2020-09-30 | 1.24 | 0.45 | +56.95% |
| Q2 2020 | 2020-06-30 | 0.83 | −0.06 | −6.59% |
| Q1 2020 | 2020-03-31 | 0.71 | −0.27 | −27.93% |
| Q4 2019 | 2019-12-31 | 0.74 | 0.18 | +32.07% |
| Q3 2019 | 2019-09-30 | 0.79 | 0.25 | +47.34% |
| Q2 2019 | 2019-06-30 | 0.89 | 0.24 | +37.80% |
| Q1 2019 | 2019-03-31 | 0.98 | 0.27 | +38.03% |
| Q4 2018 | 2018-12-31 | 0.56 | −0.18 | −24.49% |
| Q3 2018 | 2018-09-30 | 0.54 | −0.24 | −30.82% |
| Q2 2018 | 2018-06-30 | 0.64 | −0.22 | −25.15% |
| Q1 2018 | 2018-03-31 | 0.71 | −0.24 | −25.03% |
| Q4 2017 | 2017-12-31 | 0.74 | −0.34 | −31.26% |
| Q3 2017 | 2017-09-30 | 0.77 | 0.03 | +3.74% |
| Q2 2017 | 2017-06-30 | 0.86 | 0.62 | +260.76% |
| Q1 2017 | 2017-03-31 | 0.95 | 0.69 | +260.43% |
| Q4 2016 | 2016-12-31 | 1.08 | 0.80 | +281.30% |
| Q3 2016 | 2016-09-30 | 0.75 | 0.45 | +148.43% |
| Q2 2016 | 2016-06-30 | 0.24 | −0.10 | −29.02% |
| Q1 2016 | 2016-03-31 | 0.26 | −0.09 | −25.67% |
| Q4 2015 | 2015-12-31 | 0.28 | −0.09 | −24.96% |
| Q3 2015 | 2015-09-30 | 0.30 | −0.07 | −18.89% |
| Q2 2015 | 2015-06-30 | 0.34 | −0.05 | −14.01% |
| Q1 2015 | 2015-03-31 | 0.35 | −0.04 | −10.93% |
| Q4 2014 | 2014-12-31 | 0.38 | −0.06 | −13.25% |
| Q3 2014 | 2014-09-30 | 0.37 | −0.13 | −25.31% |
| Q2 2014 | 2014-06-30 | 0.39 | −0.21 | −34.80% |
| Q1 2014 | 2014-03-31 | 0.40 | −0.25 | −38.48% |
| Q4 2013 | 2013-12-31 | 0.44 | −0.30 | −41.10% |
| Q3 2013 | 2013-09-30 | 0.50 | — | — |
| Q2 2013 | 2013-06-30 | 0.60 | −0.30 | −33.20% |
| Q1 2013 | 2013-03-31 | 0.65 | −0.38 | −37.04% |
| Q4 2012 | 2012-12-31 | 0.74 | −0.40 | −35.21% |
| Q2 2012 | 2012-06-30 | 0.90 | −0.27 | −23.22% |
| Q1 2012 | 2012-03-31 | 1.03 | −0.21 | −16.78% |
| Q4 2011 | 2011-12-31 | 1.14 | −0.29 | −20.03% |
| Q3 2011 | 2011-09-30 | 1.13 | −0.38 | −25.28% |
| Q2 2011 | 2011-06-30 | 1.17 | −0.67 | −36.35% |
| Q1 2011 | 2011-03-31 | 1.23 | — | — |
| Q4 2010 | 2010-12-31 | 1.43 | −0.70 | −32.96% |
| Q3 2010 | 2010-09-30 | 1.51 | — | — |
| Q2 2010 | 2010-06-30 | 1.83 | — | — |
| Q4 2009 | 2009-12-31 | 2.13 | — | — |
Alaska Air Group debt-to-equity ratio trends
Over the last five fiscal years, Alaska Air Group's debt-to-equity ratio decreased from 1.69 to 1.67, a change of −0.02. The latest reported quarter, Q2 2026, shows 2.06.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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