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Transportation & Logistics

Alaska Air Group Executive Compensation (FY25)

ALK · Seattle, WA · Executive and director compensation, fiscal 2022 to 2025
Latest say-on-pay support
=
May 12, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 25, 2026Latest filing (8-K): May 14, 2026
14 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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313 figures on this page: 303 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Ben Minicucci: $8,645,983 → $9,904,339 (14.6% higher)
Say-on-pay support: 97.1% → 90.5% (6.6 points lower)
CEO pay ratio: 119.6:1 → 117.7:1 (1.6% lower)

Frequently asked questions

Answers drawn from the data on this page.
What was Alaska Air Group's say-on-pay result?
Shareholders supported the say-on-pay proposal with 90.5% of votes cast including abstentions in favor at the meeting held May 12, 2026 for fiscal 2025.
Which companies are in Alaska Air Group's peer group?
Companies named in the disclosed peer group include Air Canada, American Airlines Group, Avis Budget Group, C.H. Robinson Worldwide and Carnival Corporation & Plc, among others.
What is Alaska Air Group's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 117.7:1, against median employee compensation of $84,308.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ben Minicucci
Air Group
◇—◇◇◇—◇◇
Shane Tackett
EVP Finance & CFO Alaska Air Group
◇—◇◇◇—◇◇
Andrew Harrison
EVP & COO
◇—◇◇◇—◇◇
Constance von Muehlen
EVP & COO
◇—◇◇◇—◇◇
Andrea Schneider
SVP People
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ben Minicucci
CEO
◇—◇—◇◇◇◇
Shane Tackett
EVP Finance & CFO
◇—◇—◇◇◇◇
Constance von Muehlen
EVP & COO
◇—◇◇◇◇◇◇
Andrew Harrison
EVP & CCO
◇—◇—◇◇◇◇
Kyle Levine
SVP General Counsel & CCEO
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ben Minicucci
Chief Executive Officer and President
◇—◇—◇—◇◇
Shane Tackett
EVP Finance & CFO
◇—◇—◇—◇◇
Andrew Harrison
EVP & CCO
◇—◇—◇◇◇◇
Constance von Muehlen
EVP & COO
◇—◇—◇—◇◇
Kyle Levine
Chief Ethics & Compliance Officer, VP - Legal, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ben Minicucci
CEO Alaska Air Group & Alaska Airlines
◇—◇—◇◇◇◇
Shane Tackett
EVP Finance & CFO Alaska Air Group & Alaska Airlines
◇—◇—◇◇◇◇
Andrew Harrison
EVP & CCO Alaska Airlines
◇—◇—◇◇◇◇
Constance von Muehlen
EVP & Advisor to COO Alaska Airlines
◇—◇—◇◇◇◇
Kyle Levine
EVP Corporate & Public Affairs, Chief Legal Officer & Corporate Secretary Alaska Air Group & Alaska Airlines
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Andrew HarrisonRSU◇——◇——◇
Andrew HarrisonPSU◇◇◇—◇—◇
Ben MinicucciPSU◇◇◇—◇—◇
Ben MinicucciRSU◇——◇——◇
Constance von MuehlenPSU◇◇◇—◇—◇
Constance von MuehlenRSU◇——◇——◇
Kyle LevineRSU◇——◇——◇
Kyle LevinePSU◇◇◇—◇—◇
Kyle LevineRSU◇——◇——◇
Shane TackettRSU◇——◇——◇
Shane TackettPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Ben MinicucciPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇2/7/2032
Shane TackettPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇2/7/2032
Constance von MuehlenPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇5/2/2033
Andrew HarrisonPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇2/7/2032
Kyle LevinePSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇2/7/2032
RSU◇◇——
Option◇—◇5/2/2033
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patricia M. Bedient
Board chair
◇◇———◇◇
Kathleen T. Hogan
◇◇———◇◇
Eric K. Yeaman
◇◇———◇◇
Raymond L. Conner
◇◇———◇◇
James A. Beer
◇◇———◇◇
Daniel K. Elwell
◇◇———◇◇
Peter A. Shimer
◇◇———◇◇
Helvi K. Sandvik
◇◇———◇◇
Adrienne R. Lofton
◇◇———◇◇
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Shares/Dsus.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Air Canada symbol not shown
  • American Airlines Group AAL
  • Avis Budget Group CAR
  • C.H. Robinson Worldwide CHRW
  • Carnival Corporation & Plc CCL
  • Delta Air Lines DAL
  • Expedia Group EXPE
  • Expeditors International of Washington EXPD
  • Hertz Global Holdings HTZ
  • J.B. Hunt Transport Service symbol not shown
  • JetBlue Airways JBLU
  • Knight-Swift Transportation Holdings KNX
  • Lyft LYFT
  • Norfolk Southern NSC
  • Norwegian Cruise Line Holdings NCLH
  • Royal Caribbean Group RCL
  • Ryder Systems R
  • Southwest Airlines LUV
  • United Airlines Holdings UAL
  • XPO XPO

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 12, 2026=◇◇◇
2024May 8, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 4, 2023=◇◇◇
2021May 5, 2022=◇◇◇
2020May 6, 2021=◇◇◇
2019May 7, 2020=◇◇◇
2018May 9, 2019=◇◇◇
2017May 3, 2018=◇◇◇
2016May 4, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Ben Minicucci (CEO Alaska Air Group & Alaska Airlines), FY2025 total compensation $9,904,339 (base salary $847,692) [exec_comp, SEC accession 0001193125-26-132048, filed 2026-03-30]

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What this page does not include

Everything above is a fact Alaska Air Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Alaska Air Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
313 figures on this page: 303 cited to the filing that reported them, 10 calculated from figures it prints.
303 cited to the filing
10 calculated from the filing

Documents cited

  1. 0000766421-26-000027
  2. 0001193125-26-132048
    2025 Director Compensation · 2025 Grants of Plan-Based Awards · 2025 Summary Compensation Table · CEO Pay Ratio · and 1 more section
  3. 0000766421-25-000020
  4. 0000950170-25-046061
    2024 Summary Compensation Table
  5. 0000766421-24-000035
  6. 0000950170-24-038178
    2023 Summary Compensation Table
  7. 0000766421-23-000025
  8. 0000950170-23-009765
    2022 Summary Compensation Table
  9. 0000766421-22-000051
  10. 0000766421-21-000045
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000766421-20-000042
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000766421-19-000029
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000766421-18-000029
  14. 0000766421-17-000032
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Alaska Air Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ALK (accessed 2026).
Short form: data: Velarion

The Alaska Air Group brief, $500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $900.
Get the executive briefGet the board briefNo account needed.
14 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Transportation & Logistics rankings

Chief executive pay — Transportation & LogisticsCEO pay ratio — Transportation & LogisticsSay-on-pay support — Transportation & Logistics

Peers Alaska Air Group discloses

The companies named in ALK's own disclosed peer group.

American Airlines GroupAvis Budget GroupC.H. Robinson WorldwideCarnival Corporation & PlcDelta Air LinesExpedia GroupExpeditors International of WashingtonHertz Global HoldingsJetBlue AirwaysKnight-Swift Transportation HoldingsLyftNorfolk SouthernNorwegian Cruise Line HoldingsRoyal Caribbean GroupRyder SystemsSouthwest AirlinesUnited Airlines HoldingsXPO

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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