Alaska Air Group (LTS:0HC3) Pretax Margin %: -9.61% (As of Mar. 2026)


LTS:0HC3 Alaska Air Group Inc LTS:0HC3
85 GF Score
Price $51.23
GF Value $62.15
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Alaska Air Group Pretax Margin %?

Alaska Air Group LTS:0HC3 -4.01% 85 Pretax Margin % is -9.61% as of Mar. 2026. GuruFocus rates LTS:0HC3 with a GF Score™ of 85/100 and a GF Value™ of $62.15 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 997 Transportation companies, Alaska Air Group ranks worse than 80.34% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Alaska Air Group's Pre-Tax Income for the three months ended in Mar. 2026 was $-317 Mil. Alaska Air Group's Revenue for the three months ended in Mar. 2026 was $3,300 Mil. Therefore, Alaska Air Group's pretax margin for the quarter that ended in Mar. 2026 was -9.61%.

The historical rank and industry rank for Alaska Air Group's Pretax Margin % or its related term are showing as below:

LTS:0HC3' s Pretax Margin % Range Over the Past 10 Years
Min: -51.6   Med: 5.86   Max: 22.21
Current: 0.43


LTS:0HC3's Pretax Margin % is ranked worse than
80.34% of 997 companies
in the Transportation industry
Industry Median: 6.77 vs LTS:0HC3: 0.43

Alaska Air Group  (LTS:0HC3) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Alaska Air Group Pretax Margin % Related Terms


Alaska Air Group Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Alaska Air Group's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Alaska Air Group Pretax Margin % Chart

Alaska Air Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.18 0.82 3.10 4.64 1.03

Alaska Air Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.43 6.43 2.95 0.83 -9.61

LTS:0HC3 vs CPA, SKYW, ALGT: Pretax Margin % Comparison

For the Airlines subindustry, Alaska Air Group's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Alaska Air Group Pretax Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Alaska Air Group's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Alaska Air Group's Pretax Margin % falls into.


LTS:0HC3
85GF Score
Alaska Air Group Inc LTS:0HC3
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Alaska Air Group Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Alaska Air Group's Pretax Margin for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=146/14239
=1.03 %

Alaska Air Group's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-317/3300
=-9.61 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Pretax Margin % →
What does a Pretax Margin % of -9.61% mean?
Alaska Air Group (LTS:0HC3) has a Pretax Margin % of -9.61% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Alaska Air Group and its competitors. According to the industry distribution chart, Alaska Air Group ranks #801 out of 997 companies in the Transportation industry, placing it in the top 80.3%.
Is Alaska Air Group's Pretax Margin % too high?
Alaska Air Group's current Pretax Margin % is -9.61%. Based on the distribution chart, Alaska Air Group ranks #801 out of 997 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Alaska Air Group has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alaska Air Group's Pretax Margin % compare to CPA and SKYW?
According to the Transportation industry distribution chart, Alaska Air Group ranks #801 out of 997 companies for Pretax Margin %. This places Alaska Air Group in the lower half of its industry. The industry median Pretax Margin % is 6.77. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Transportation company?
The median Pretax Margin % among Transportation companies is 6.77, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Alaska Air Group and its competitors. For the Transportation industry, the median Pretax Margin % is 6.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alaska Air Group's current Pretax Margin % is -9.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alaska Air Group stock overvalued right now?
Based on GuruFocus' analysis, Alaska Air Group (LTS:0HC3) is currently considered Modestly Undervalued. The stock's GF Value™ is $62.15, compared to a current price of $51.23 — trading 17.6% below its estimated fair value. The current Pretax Margin % is -9.61%. Alaska Air Group's overall GF Score™ is 85/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Alaska Air Group (LTS:0HC3), the current Pretax Margin % is -9.61% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Alaska Air Group (LTS:0HC3) Overvalued in 2026?

Based on GuruFocus' analysis, Alaska Air Group stock appears to be undervalued. The current stock price of $51.23 is trading 17.6% below its estimated GF Value™ of $62.15. GuruFocus considers Alaska Air Group to be Modestly Undervalued.

Key valuation signals for LTS:0HC3:

  • Pretax Margin %: -9.61%
  • GF Value™: $62.15 vs. price of $51.23 (17.6% below fair value)
  • GF Score™: 85/100 with 7 warning signs

No single metric tells the full story. See the LTS:0HC3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alaska Air Group Business Description

Address 19300 International Boulevard, Seattle, WA, USA, 98188
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.
85GF Score

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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$51.23
Price
$62.15
GF Value