• Alaska Air average return on tangible equity for 2023 was 9.64, a 22.2% increase from 2022.
• Alaska Air average return on tangible equity for 2022 was 12.39, a 138.25% decline from 2021.
• Alaska Air average return on tangible equity for 2021 was -32.39, a 27.82% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.