ALASKA AIR GROUP, INC. (ALK) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: November 06, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 0% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
120M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

ALK currently has 115M outstanding shares. with minimal authorized share overhang for future dilution. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 06, 2025

10-Q filing | 115.3M shares outstanding

120M 0
Aug 07, 2025

10-Q filing | 118.8M shares outstanding

120M 0
May 08, 2025

10-Q filing | 123.1M shares outstanding

120M 0
Feb 14, 2025

10-K filing | 126.1M shares outstanding

130M 0
Nov 08, 2024

10-Q filing | 126.2M shares outstanding

130M 0
Aug 02, 2024

10-Q filing | 126.3M shares outstanding

130M 0
May 03, 2024

10-Q filing | 126.0M shares outstanding

130M 0
Feb 14, 2024

10-K filing | 127.4M shares outstanding

130M 0
Nov 02, 2023

10-Q filing | 127.2M shares outstanding

130M 0
Aug 02, 2023

10-Q filing | 127.4M shares outstanding

130M 0
May 05, 2023

10-Q filing | 127.5M shares outstanding

130M 0
Feb 13, 2023

10-K filing | 127.9M shares outstanding

130M 0
Nov 03, 2022

10-Q filing | 126.8M shares outstanding

130M 0
Aug 02, 2022

10-Q filing | 126.5M shares outstanding

130M 0
May 05, 2022

10-Q filing | 126.0M shares outstanding

130M 0
Feb 11, 2022

10-K filing | 125.1M shares outstanding

130M 0
Nov 04, 2021

10-Q filing | 125.3M shares outstanding

130M 0
Aug 03, 2021

10-Q filing | 125.0M shares outstanding

120M 0
May 06, 2021

10-Q filing | 124.3M shares outstanding

120M 0
May 03, 2021

8-K filing: Alaska Air Group granted the Treasury Department warrants to purchase 88,395 shares of Air Group common stock at a strike price of $66.39 and an additional 45,855 shares at a strike price of $52.25 as part of the Payroll Support Program.

120M 0
Mar 22, 2021

8-K filing: Alaska Air Group granted the Treasury Department 154,647 warrants to purchase Alaska Air Group (ALK) common stock at a strike price of $52.25.

120M 0
Feb 26, 2021

10-K filing | 123.5M shares outstanding

120M 0
Jan 21, 2021

8-K filing: Alaska Air Group, Inc. finalized agreements with the U.S. Department of the Treasury and accepted partial disbursement of funds through an extension of the Payroll Support Program. They also amended the Loan Agreement to extend the deadline for borrowing additional amounts.

120M 0
Nov 05, 2020

10-Q filing | 123.6M shares outstanding

120M 0
Oct 01, 2020

8-K filing: Alaska Air Group entered into a loan and warrant agreement with the U.S. Department of the Treasury, issuing warrants to purchase common stock in connection with borrowings under the CARES Act.

120M 0
Aug 04, 2020

10-Q filing | 124.0M shares outstanding

120M 0
May 14, 2020

10-Q filing | 122.8M shares outstanding

120M 0
May 05, 2020

8-K filing: Alaska Air Group received approximately $992 million from the Payroll Support Program (PSP) of the CARES Act, with $267 million in the form of an unsecured senior term loan, and the government received warrants to purchase 846,748 non-voting shares of the Company's common stock.

120M 0
Apr 24, 2020

8-K filing: Alaska Air Group, Inc. finalized agreements with the U.S. Department of the Treasury and accepted full disbursement of funds through the Payroll Support Program (PSP) under the CARES Act, including granting the Treasury Department 846,748 warrants to purchase Alaska Air Group (ALK) common stock at a strike price of $31.61.

120M 0
Feb 12, 2020

10-K filing | 123.3M shares outstanding

120M 0
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