ALK
Market read
The latest filing evidence is available. 5 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
Invalidation: The live read weakens if participation falls to 12 of 37 members or fewer.
Research brief
The latest filing evidence is available. 5 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“The $229 million decrease was primarily driven by higher fuel prices throughout the year, partially offset by increased cash collected from advance ticket sales and other favorable working capital changes.”10-Q · Aug 4, 2026 ↗
“These increases were partially offset by softer demand in certain leisure markets, including Puerto Vallarta and Hawai'i, during spring break and peak summer travel in 2026.”10-Q · Aug 4, 2026 ↗
“Special items - operating On a pro forma basis, special items decreased $113 million, or 31%, driven by decreased integration costs associated with the Hawaiian acquisition and nonrecurring costs in 2024 associated with Alaska flight attendant retroactive pay…”10-K · Feb 12, 2026 ↗
“basis, Passenger revenue increased $40 million, or 1%, on a 2% increase in traffic, partially offset by a 1% decrease in yield as a result of macroeconomic uncertainty.”10-Q · Aug 7, 2025 ↗
Valuation discipline
Price/sales 0.3× · EV/sales 0.6×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for ALK. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-Q filed 2026-08-04 against the comparable filing from 2025-08-07.
Capital and cash conversion
Inventory growth exceeded revenue growth and inventory intensity increased.
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
“The $229 million decrease was primarily driven by higher fuel prices throughout the year, partially offset by increased cash collected from advance ticket sales and other favorable working capital changes.”
“Prior Year (in millions) Total Operating Revenue Passenger Revenue RPMs ASMs Yield RASM Domestic $ 3,704 9% (1)% 1% 10% 9% Latin America 145 (21)% (27)% (28)% 9% 9% Pacific 170 7% 4% (2)% 3% 16% Atlantic 46 n/a n/a n/a n/a n/a Total $ 4,065 9% (1)% 1% 10% 9% 20 Passenger revenue Passenger revenue increased by $289 million, or 9%, primarily driven by higher yields supported by increased premium revenue, loyalty program award redemption on our airlines, and managed corporate travel.”
“Prior Year (in millions) Total Operating Revenue Passenger Revenue RPMs ASMs Yield RASM Domestic $ 6,635 7% —% 2% 7% 6% Latin America 362 (16)% (23)% (21)% 8% 8% Pacific 322 4% 8% 4% (3)% 3% Atlantic 46 n/a n/a n/a n/a n/a Total $ 7,365 7% —% 1% 7% 6% Passenger revenue Passenger revenue increased by $401 million, or 7%, primarily driven by higher yields supported by increased premium revenue, loyalty program award redemption on our airlines, and managed corporate travel.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“Cargo and other revenue On a pro forma basis, Cargo and other revenue increased $89 million, or 19%, primarily driven by increased revenue under the ATSA with Amazon following the addition of the four remaining contracted A330-300F aircraft to our cargo fleet…”
“We adjust for expenses related directly to our freighter aircraft operations, including those costs incurred under the ATSA with Amazon, to allow for better comparability to other carriers that do not operate freighter aircraft.”
“41 Boeing has communicated that certain B737 and B787 aircraft are expected to be delivered later than the contracted delivery timing.”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
ALK is currently a Participant in the organic co-movement group Airline Operators. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.