ALASKA AIR GROUP, INC.

ALK Airlines & Travel 5/10 Medium Risk
5/10

ALASKA AIR GROUP, INC. has $4.9B in total long-term debt with $5.4B in scheduled maturities. Approximately $554M (10% of maturities) is due within the next twelve months, and operating income covers interest expense 3.1x. Overall, ALK carries moderate refinancing risk (score 5/10).

Maturity Schedule

Year 1 $554M Year 2 $766M Year 3 $330M Year 4 $878M Year 5 $268M Beyond 5 $2.6B
Period Amount Due % of Total
Year 1 (0-12 months) $554M 10.3%
Year 2 (12-24 months) $766M 14.2%
Year 3 (24-36 months) $330M 6.1%
Year 4 (36-48 months) $878M 16.3%
Year 5 (48-60 months) $268M 5.0%
Beyond 5 Years $2.6B 48.0%
Total Scheduled Maturities $5.4B 100.0%

Key Metrics

Total Long-Term Debt
$4.9B
Near-Term (12mo)
$554M
Interest Coverage
3.1x
Debt/Equity
1.29
Cash Coverage
0.51x
Operating Income
$394M

Score Components

Component Value Weight
Near-Term Maturity Concentration 10.3% 30%
Interest Coverage Ratio 3.08x 25%
Debt-to-Equity Ratio 1.29 25%
Cash Coverage of Near-Term Debt 0.51x 20%

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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Most recent filing date: 2026-02-12. Data last fetched: 2026-03-15. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Complete.