Here are the DEF 14A proxy statements from Alaska Air Group, Inc. (ALK) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow ALK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ALK filings page.
Alaska Air Group is soliciting votes for its 2026 virtual annual shareholder meeting, where investors will elect 10 directors, cast an advisory vote on executive pay, and ratify KPMG as auditor. Shareholders of record on March 16, 2026, when 113,310,158 shares were outstanding, may vote.
The proxy highlights 2025 as a transformative year: record revenue of $14.2 billion, an adjusted pretax margin of 2.8%, and adjusted earnings per share of $2.44, despite an estimated $600 million macroeconomic drag. Management reports progress integrating the Hawaiian acquisition, including halving related losses, achieving a Single Operating Certificate, and preparing a unified passenger system cutover.
The company emphasizes strong governance, with nine of 10 nominees independent and an independent board chair, board oversight of AI, cybersecurity, and sustainability, and pay-for-performance incentives tied to safety and strategic goals. It also notes a large Boeing order book of up to 245 aircraft, $570 million of 2025 share repurchases, net leverage of 3.0, and robust liquidity and unencumbered assets.