AAL vs. ALK
Compare and contrast key facts about American Airlines Group Inc. (AAL) and Alaska Air Group, Inc. (ALK).
Performance
AAL vs. ALK - Performance Comparison
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AAL vs. ALK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAL American Airlines Group Inc. | -29.94% | -12.05% | 26.86% | 8.02% | -29.18% | 13.89% | -44.81% | -9.57% | -37.69% | 12.40% |
ALK Alaska Air Group, Inc. | -26.88% | -22.32% | 65.73% | -9.01% | -17.58% | 0.19% | -22.81% | 13.78% | -15.55% | -15.90% |
Fundamentals
AAL:
$7.11B
ALK:
$4.32B
AAL:
$0.17
ALK:
$0.83
AAL:
63.94
ALK:
44.35
AAL:
0.55
ALK:
0.85
AAL:
0.13
ALK:
0.31
AAL:
$54.63B
ALK:
$14.24B
AAL:
$21.67B
ALK:
$8.50B
AAL:
$3.77B
ALK:
$1.15B
Returns By Period
In the year-to-date period, AAL achieves a -29.94% return, which is significantly lower than ALK's -26.88% return. Over the past 10 years, AAL has underperformed ALK with an annualized return of -11.84%, while ALK has yielded a comparatively higher -7.02% annualized return.
AAL
- 1D
- 5.50%
- 1M
- -17.83%
- YTD
- -29.94%
- 6M
- -4.45%
- 1Y
- 1.80%
- 3Y*
- -10.04%
- 5Y*
- -14.76%
- 10Y*
- -11.84%
ALK
- 1D
- 7.58%
- 1M
- -28.72%
- YTD
- -26.88%
- 6M
- -26.11%
- 1Y
- -25.27%
- 3Y*
- -4.30%
- 5Y*
- -11.95%
- 10Y*
- -7.02%
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Return for Risk
AAL vs. ALK — Risk / Return Rank
AAL
ALK
AAL vs. ALK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Airlines Group Inc. (AAL) and Alaska Air Group, Inc. (ALK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AAL | ALK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.03 | -0.46 | +0.50 |
Sortino ratioReturn per unit of downside risk | 0.46 | -0.39 | +0.85 |
Omega ratioGain probability vs. loss probability | 1.06 | 0.95 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.01 | -0.58 | +0.59 |
Martin ratioReturn relative to average drawdown | 0.03 | -1.32 | +1.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AAL | ALK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | -0.46 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.29 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.23 | -0.16 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.16 | -0.19 |
Correlation
The correlation between AAL and ALK is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AAL vs. ALK - Dividend Comparison
Neither AAL nor ALK has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAL American Airlines Group Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.63% | 1.39% | 1.25% | 0.77% | 0.86% | 0.94% |
ALK Alaska Air Group, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.72% | 2.07% | 2.10% | 1.63% | 1.24% | 0.99% |
Drawdowns
AAL vs. ALK - Drawdown Comparison
The maximum AAL drawdown since its inception was -97.20%, which is greater than ALK's maximum drawdown of -75.76%. Use the drawdown chart below to compare losses from any high point for AAL and ALK.
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Drawdown Indicators
| AAL | ALK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.20% | -75.76% | -21.44% |
Max Drawdown (1Y)Largest decline over 1 year | -37.39% | -46.46% | +9.07% |
Max Drawdown (5Y)Largest decline over 5 years | -64.87% | -57.85% | -7.02% |
Max Drawdown (10Y)Largest decline over 10 years | -84.14% | -75.06% | -9.08% |
Current DrawdownCurrent decline from peak | -81.90% | -61.07% | -20.83% |
Average DrawdownAverage peak-to-trough decline | -60.26% | -27.61% | -32.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.01% | 20.47% | -7.46% |
Volatility
AAL vs. ALK - Volatility Comparison
The current volatility for American Airlines Group Inc. (AAL) is 13.57%, while Alaska Air Group, Inc. (ALK) has a volatility of 18.32%. This indicates that AAL experiences smaller price fluctuations and is considered to be less risky than ALK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAL | ALK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.57% | 18.32% | -4.75% |
Volatility (6M)Calculated over the trailing 6-month period | 33.21% | 35.19% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.29% | 54.62% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.68% | 41.12% | +6.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.70% | 42.73% | +9.97% |
Financials
AAL vs. ALK - Financials Comparison
This section allows you to compare key financial metrics between American Airlines Group Inc. and Alaska Air Group, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AAL vs. ALK - Profitability Comparison
AAL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, American Airlines Group Inc. reported a gross profit of 14.00B and revenue of 14.00B. Therefore, the gross margin over that period was 100.0%.
ALK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Alaska Air Group, Inc. reported a gross profit of 3.42B and revenue of 3.63B. Therefore, the gross margin over that period was 94.3%.
AAL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, American Airlines Group Inc. reported an operating income of 451.00M and revenue of 14.00B, resulting in an operating margin of 3.2%.
ALK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Alaska Air Group, Inc. reported an operating income of 75.00M and revenue of 3.63B, resulting in an operating margin of 2.1%.
AAL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, American Airlines Group Inc. reported a net income of 99.00M and revenue of 14.00B, resulting in a net margin of 0.7%.
ALK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Alaska Air Group, Inc. reported a net income of 21.00M and revenue of 3.63B, resulting in a net margin of 0.6%.