Alaska Air Group Inc. reported adjusted earnings per share of 0.43 USD for the fourth quarter (Q4) of 2025 and 2.44 USD for the full year (FY) 2025. The company generated 1.2 billion USD in operating cash flow for the full year. Q4 2025 unit revenue increased by 0.6 percent, while unit costs were up by 1.3 percent during the same period. The economic fuel cost per gallon averaged 2.57 USD in Q4 2025. Alaska Air Group Inc. reported a debt-to-capital ratio of 61 percent and an adjusted net debt to EBITDAR of 3.0 times as of the end of the reporting period.
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