• Alaska Air average operating margin for 2023 was 2.66%, a 25.28% increase from 2022.
• Alaska Air average operating margin for 2022 was 3.56%, a 121.12% decline from 2021.
• Alaska Air average operating margin for 2021 was -16.86%, a 14.23% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.