Alaska Air Group, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-76.0M | $-193.0M | $21.0M | $73.0M | $172.0M | $-166.0M | $71.0M | $236.0M |
| Depreciation & Amortization | $207.0M | $204.0M | $199.0M | $203.0M | $199.0M | $194.0M | $190.0M | $139.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $17.0M | $25.0M | $19.0M | $-19.0M | $-10.0M | $20.0M | $8.0M | $18.0M |
| Net Cash from Operating Activities | $185.0M | $421.0M | $185.0M | $229.0M | $376.0M | $459.0M | $274.0M | $318.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $78.0M | $30.0M | $90.0M | $91.0M | $86.0M | $42.0M | $91.0M | $58.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-466.0M | $-169.0M | $-627.0M | $-249.0M | $-366.0M | $-381.0M | $-198.0M | $-301.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $57.0M | $193.0M | $30.0M | $5.0M | $430.0M | $105.0M | $249.0M | $14.0M |
| Net Cash from Financing Activities | $900.0M | $-428.0M | $291.0M | $54.0M | $-308.0M | $-236.0M | $112.0M | $-80.0M |
| Net Change in Cash | — | — | — | — | — | — | — | $-63.0M |
| Free Cash Flow | $107.0M | $391.0M | $95.0M | $138.0M | $290.0M | $417.0M | $183.0M | $260.0M |