Alaska Air (ALK) revenue breakdown
By segment, Alaska Airlines is the largest at 64% of fiscal 2025 revenue; Hawaiian Airlines grew fastest, 278% a year over 1 years.
By product, Passenger Revenue is the largest at 91% of fiscal 2023 revenue; Mileage Plan Services, Other grew fastest, 8% a year over 7 years.
Revenue by segment
Fiscal years, as Alaska Air reports them in its 10-K filings; fiscal 2025 total $14.2B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Alaska Airlines | — | — | — | — | — | — | $8.1B | $8.9B | $9.1B | $9.1B | 64% |
| Hawaiian Airlines | — | — | — | — | — | — | — | — | $869M | $3.3B | 23% |
| Regional | $1.0B | $1.1B | $1.2B | $1.4B | $734M | $1.1B | $1.6B | $1.6B | $1.8B | $1.9B | 13% |
| Alaska Mainline | $4.9B | $6.8B | $7.1B | $7.4B | $2.8B | $5.0B | — | — | — | — | — |
| Horizon | $424M | $430M | $512M | $451M | $386M | $406M | — | — | — | — | — |
| Consolidating & Other | -$425M | -$426M | -$508M | -$445M | -$383M | -$402M | — | — | — | — | — |
Revenue by product
Fiscal years, as Alaska Air reports them in its 10-K filings; fiscal 2023 total $10.4B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Passenger Revenue | — | $7.3B | $7.6B | $8.1B | $3.0B | $5.5B | $8.8B | $9.5B | 91% |
| Mileage Plan Services, Other | $370M | $418M | $434M | $465M | $374M | $461M | $590M | $648M | 6% |
| Cargo and Freight | $163M | $175M | $199M | $221M | $173M | $216M | $248M | $252M | 2% |
| Passenger | $5.4B | — | — | — | — | — | — | — | — |
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Where does Alaska Air make its money?
In fiscal 2025, by segment: Alaska Airlines $9.1B, Hawaiian Airlines $3.3B, Regional $1.9B.
From Alaska Air's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.