Alaska Air Group Inc (ALK) — Financial Flexibility Index
Alaska Air Group Inc (ALK) has a Financial Flexibility Index of 0.05x as of March 2026. Free cash flow of $759.00 Million (operating CF $421.00 Million minus capex $338.00 Million) represents 0% of total liabilities ($16.57 Billion). Check Alaska Air Group Inc investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Alaska Air Group Inc Financial Flexibility Index (1989–2025)
Historical Financial Flexibility Index trend for Alaska Air Group Inc across 37 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Alaska Air Group Inc.
Annual Financial Flexibility Index for Alaska Air Group Inc (1989–2025)
Year-by-year free cash flow to debt coverage for Alaska Air Group Inc. Explore ALK cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.17x | $2.84 Billion | $1.25 Billion | $16.24 Billion | ▼ -2.0% |
| 2024 | 0.18x | $2.75 Billion | $1.46 Billion | $15.40 Billion | ▼ -17.9% |
| 2023 | 0.22x | $2.54 Billion | $1.05 Billion | $11.72 Billion | ▼ -19.0% |
| 2022 | 0.27x | $3.09 Billion | $1.42 Billion | $11.53 Billion | ▲ +126.2% |
| 2021 | 0.12x | $1.32 Billion | $1.03 Billion | $11.16 Billion | ▲ +4777.0% |
| 2020 | 0.00x | $-28.00 Million | $-234.00 Million | $11.06 Billion | ▼ -101.0% |
| 2019 | 0.25x | $2.42 Billion | $1.72 Billion | $9.67 Billion | ▼ -16.9% |
| 2018 | 0.30x | $2.15 Billion | $1.20 Billion | $7.16 Billion | ▼ -16.2% |
| 2017 | 0.36x | $2.62 Billion | $1.59 Billion | $7.29 Billion | ▲ +22.6% |
| 2016 | 0.29x | $2.06 Billion | $1.39 Billion | $7.05 Billion | ▼ -50.0% |
| 2015 | 0.59x | $2.42 Billion | $1.58 Billion | $4.12 Billion | ▲ +37.8% |
| 2014 | 0.43x | $1.72 Billion | $1.03 Billion | $4.05 Billion | ▲ +4.7% |
| 2013 | 0.41x | $1.55 Billion | $981.00 Million | $3.81 Billion | ▲ +25.0% |
| 2012 | 0.32x | $1.33 Billion | $753.00 Million | $4.08 Billion | ▲ +20.8% |
| 2011 | 0.27x | $1.08 Billion | $696.00 Million | $4.03 Billion | ▲ +42.8% |
| 2010 | 0.19x | $736.70 Million | $553.70 Million | $3.91 Billion | ▲ +4.1% |
| 2009 | 0.18x | $743.70 Million | $305.30 Million | $4.11 Billion | ▲ +30.8% |
| 2008 | 0.14x | $577.10 Million | $164.30 Million | $4.17 Billion | ▼ -63.6% |
| 2007 | 0.38x | $1.32 Billion | $482.00 Million | $3.47 Billion | ▲ +7.1% |
| 2006 | 0.35x | $1.13 Billion | $449.80 Million | $3.19 Billion | ▲ +49.6% |
| 2005 | 0.24x | $702.90 Million | $271.90 Million | $2.96 Billion | ▲ +18.8% |
| 2004 | 0.20x | $533.10 Million | $334.00 Million | $2.67 Billion | ▼ -28.8% |
| 2003 | 0.28x | $724.40 Million | $355.20 Million | $2.58 Billion | ▲ +91.6% |
| 2002 | 0.15x | $325.40 Million | $124.50 Million | $2.23 Billion | ▼ -53.3% |
| 2001 | 0.31x | $661.80 Million | $278.30 Million | $2.11 Billion | ▼ -22.4% |
| 2000 | 0.40x | $713.60 Million | $265.00 Million | $1.77 Billion | ▼ -43.7% |
| 1999 | 0.72x | $895.10 Million | $330.10 Million | $1.25 Billion | ▼ -26.9% |
| 1998 | 0.98x | $923.60 Million | $310.20 Million | $942.30 Million | ▲ +60.9% |
| 1997 | 0.61x | $644.20 Million | $205.20 Million | $1.06 Billion | ▲ +28.4% |
| 1996 | 0.47x | $492.70 Million | $222.90 Million | $1.04 Billion | ▲ +128.2% |
| 1995 | 0.21x | $228.80 Million | $125.50 Million | $1.10 Billion | ▼ -29.8% |
| 1994 | 0.30x | $332.76 Million | $144.13 Million | $1.12 Billion | ▲ +266.9% |
| 1993 | 0.08x | $78.10 Million | $48.50 Million | $968.20 Million | ▼ -74.3% |
| 1992 | 0.31x | $298.10 Million | $20.20 Million | $950.50 Million | ▲ +19.9% |
| 1991 | 0.26x | $226.60 Million | $82.50 Million | $866.30 Million | ▼ -40.5% |
| 1990 | 0.44x | $299.50 Million | $103.20 Million | $680.90 Million | ▲ +8.1% |
| 1989 | 0.41x | $216.60 Million | $107.60 Million | $532.20 Million | — |