Alaska Air Valuation Multiples

Alaska Air Overview

About Alaska Air

Alaska Air Group Inc operates two airlines, Alaska and Horizon, in three operating segments. The Alaska Airlines segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico and Costa Rica. The Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements. The Hawaiian Airlines segment includes scheduled air transportation on Hawaiian's Boeing and Airbus aircraft for passengers and cargo. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary, and Mileage Plan passenger revenue.

Founded

1985

HQ

Employees

36.0K

Website

alaskaair.com

Sectors

Airlines

Financials (LTM)

Revenue: $15B

EBITDA: $1B

EV

$10B

Valuation Multiples

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Alaska Air Financials

Alaska Air reported last 12-month revenue of $15B and EBITDA of $1B.

In the same LTM period, Alaska Air generated $1B in EBITDA and $231M in net income.

Alaska Air P&L

In the most recent fiscal year, Alaska Air reported revenue of $14B and EBITDA of $1B.

Alaska Air expects next 12-month revenue of XXX and NTM EBITDA of XXX

Alaska Air Stock Performance

Alaska Air has current market cap of $5B, and enterprise value of $10B.

Alaska Air's stock price is $45.40.

Alaska Air Valuation Multiples

Alaska Air trades at 0.7x EV/Revenue multiple, and 7.5x EV/EBITDA.

Alaska Air Financial Valuation Multiples

As of April 20, 2026, Alaska Air has market cap of $5B and EV of $10B.

Equity research analysts estimate Alaska Air's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Alaska Air has a P/E ratio of 22.3x.

Alaska Air Margins & Growth Rates

Alaska Air's revenue in the last 12 month grew by 9%.

Alaska Air's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.0M for the same period.

Alaska Air's rule of 40 is 17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Alaska Air's rule of X is 33% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Alaska Air Public Comps

See public comps and valuation multiples for other Airlines comps.

Alaska Air M&A Activity

Alaska Air acquired XXX companies to date.

Last acquisition by Alaska Air was on XXXXXXXX, XXXXX. Alaska Air acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Alaska Air Investment Activity

Alaska Air invested in XXX companies to date.

Alaska Air made its latest investment on XXXXXXXX, XXXXX. Alaska Air invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).