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American Airlines Group Inc.(AAL)Earnings, Financials & Key Ratios
AAL•NASDAQ
$12.94
$8.54B mkt cap·76.1× P/E·Price updated May 6, 2026
AboutAmerican Airlines Group Inc., through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C., as well as through partner gateways in London, Madrid, Seattle/Tacoma, Sydney, and Tokyo. As of December 31, 2021, it operated a mainline fleet of 865 aircraft. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc. in December 2013. American Airlines Group Inc. was founded in 1930 and is headquartered in Fort Worth, Texas.Show more
- Revenue$54.63B+0.8%
- EBITDA$3.44B-24.2%
- Net Income$111M-86.9%
- EPS (Diluted)0.17-86.3%
- Gross Margin19.17%-9.4%
- EBITDA Margin6.3%-24.8%
- Operating Margin2.69%-44.3%
- Net Margin0.2%-87.0%
- ROIC3.48%-40.0%
- Interest Coverage1.11-30.4%
AAL Key Insights
American Airlines Group Inc. (AAL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 25.8%
- ✓Share count reduced 8.2% through buybacks
✗Weaknesses
- ✗Negative free cash flow
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
AAL Price & Volume
American Airlines Group Inc. (AAL) stock price & volume — 10-year historical chart
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AAL Growth Metrics
American Airlines Group Inc. (AAL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.91%
5 Years25.8%
3 Years3.71%
TTM3.33%
Profit CAGR
10 Years-34.48%
5 Years-
3 Years-4.39%
TTM-70.51%
EPS CAGR
10 Years-34.14%
5 Years-
3 Years-3.64%
TTM-64.77%
Return on Capital
10 Years3.44%
5 Years3.81%
3 Years5.93%
Last Year3.92%
AAL Recent Earnings
American Airlines Group Inc. (AAL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 23, 2026EPS
$0.40
Est $0.45
+11.1%
Revenue
$13.9B
Est $13.8B
+0.9%
Q1 2026
Jan 27, 2026EPS
$0.16
Est $0.38
-57.9%
Revenue
$14.0B
Est $14.0B
-0.2%
Q4 2025
Oct 23, 2025EPS
$0.17
Est $0.28
+38.9%
Revenue
$13.7B
Est $13.6B
+0.5%
Q3 2025
Jul 24, 2025EPS
$0.95
Est $0.78
+21.8%
Revenue
$14.4B
Est $14.3B
+0.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.40vs $0.45+11.1% | $13.9Bvs $13.8B+0.9% |
| Q1 2026 | Jan 27, 2026 | $0.16vs $0.38-57.9% | $14.0Bvs $14.0B-0.2% |
| Q4 2025 | Oct 23, 2025 | $0.17vs $0.28+38.9% | $13.7Bvs $13.6B+0.5% |
| Q3 2025 | Jul 24, 2025 | $0.95vs $0.78+21.8% | $14.4Bvs $14.3B+0.7% |
Based on last 12 quarters of dataView full earnings history →
AAL Peer Comparison
American Airlines Group Inc. (AAL) competitors in Commercial passenger airlines — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 DAL | 47.89B | 73.32 | 9.57 | 2.79% | 7.9% | 24.12% | 1.02 | |
 UAL | 32.48B | 100.03 | 9.79 | 3.52% | 6.06% | 24.91% | 2.03 | |
 LUV | 20.38B | 41.50 | 52.53 | 2.11% | 2.83% | 10.67% | 0.75 | |
 JBLU | 1.87B | 5.04 | -3.04 | -2.34% | -7.78% | -33.13% | 4.84 | |
 ALGT | 1.48B | 80.08 | -32.29 | 3.74% | -1.71% | -4.22% | 1.77 | |
 SKYW | 3.53B | 87.82 | 8.49 | 15.03% | 10.42% | 16% | 0.87 | |
 ULCC | 1.1B | 4.78 | -7.97 | -1.35% | -9.62% | -88.57% | 11.13 | |
 MESA | 879.48M | 21.00 | -0.04 | -19.93% | -43.64% | -5.29% |
Compare AAL vs Peers
American Airlines Group Inc. (AAL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AAL Income Statement
American Airlines Group Inc. (AAL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 42.62B | 44.54B | 45.77B | 17.34B | 29.88B | 48.97B | 52.79B | 54.21B | 54.63B | 55.99B |
| Revenue Growth % | 6.18% | 4.5% | 2.75% | -62.12% | 72.36% | 63.88% | 7.79% | 2.7% | 0.78% | 3.33% |
| Cost of Goods Sold | 31.29B | 34.49B | 34.64B | 24.56B | 29.86B | 39.93B | 40.98B | 42.75B | 44.16B | 43.78B |
| COGS % of Revenue | 73.42% | 77.43% | 75.68% | 141.68% | 99.91% | 81.55% | 77.63% | 78.85% | 80.83% | - |
| Gross Profit | 11.33B▲ 0% | 10.05B▼ 11.3% | 11.13B▲ 10.8% | -7.23B▼ 164.9% | 27M▲ 100.4% | 9.04B▲ 33370.4% | 11.81B▲ 30.7% | 11.46B▼ 2.9% | 10.47B▼ 8.7% | 12.21B▲ 0% |
| Gross Margin % | 26.58% | 22.57% | 24.32% | -41.68% | 0.09% | 18.45% | 22.37% | 21.15% | 19.17% | 21.8% |
| Gross Profit Growth % | -3.38% | -11.29% | 10.76% | -164.91% | 100.37% | 33370.37% | 30.69% | -2.92% | -8.67% | - |
| Operating Expenses | 7.1B | 7.39B | 8.07B | 3.19B | 1.09B | 7.43B | 8.78B | 8.85B | 9B | 10.51B |
| OpEx % of Revenue | 16.66% | 16.6% | 17.63% | 18.43% | 3.63% | 15.17% | 16.63% | 16.33% | 16.48% | - |
| Selling, General & Admin | 1.48B | 1.52B | 2B | 666M | 1.1B | 1.81B | 1.8B | 1.81B | 2B | 2.06B |
| SG&A % of Revenue | 3.47% | 3.41% | 4.38% | 3.84% | 3.67% | 3.71% | 3.41% | 3.34% | 3.66% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 5.62B | 5.88B | 6.06B | 2.53B | -12M | 5.62B | 6.98B | 7.04B | 7.01B | 4M |
| Operating Income | 4.23B▲ 0% | 2.66B▼ 37.2% | 3.06B▲ 15.4% | -10.42B▼ 440.0% | -1.06B▲ 89.8% | 1.61B▲ 251.7% | 3.03B▲ 88.8% | 2.61B▼ 13.8% | 1.47B▼ 43.9% | 1.7B▲ 0% |
| Operating Margin % | 9.93% | 5.96% | 6.7% | -60.11% | -3.54% | 3.28% | 5.75% | 4.82% | 2.69% | 3.03% |
| Operating Income Growth % | -16.38% | -37.23% | 15.4% | -440% | 89.84% | 251.75% | 88.8% | -13.84% | -43.88% | - |
| EBITDA | 6.25B | 4.81B | 5.38B | -8.06B | 1.28B | 3.58B | 4.97B | 4.54B | 3.44B | 3.68B |
| EBITDA Margin % | 14.66% | 10.81% | 11.76% | -46.47% | 4.27% | 7.32% | 9.41% | 8.37% | 6.3% | 6.57% |
| EBITDA Growth % | -9.27% | -22.97% | 11.84% | -249.66% | 115.84% | 180.88% | 38.67% | -8.65% | -24.19% | -5.4% |
| D&A (Non-Cash Add-back) | 2.02B | 2.16B | 2.32B | 2.37B | 2.33B | 1.98B | 1.94B | 1.93B | 1.98B | 1.98B |
| EBIT | 4.45B | 2.94B | 3.35B | -10.23B | -748M | 2.15B | 3.27B | 3.09B | 1.91B | 2.18B |
| Net Interest Income | -959M | -938M | -968M | -1.19B | -1.78B | -1.75B | -1.55B | -1.47B | -1.36B | -573M |
| Interest Income | 94M | 118M | 127M | 41M | 18M | 216M | 591M | 468M | 357M | 317M |
| Interest Expense | 1.05B | 1.06B | 1.09B | 1.23B | 1.8B | 1.96B | 2.15B | 1.93B | 1.72B | 890M |
| Other Income/Expense | -836M | -772M | -809M | -1.03B | -1.49B | -1.42B | -1.91B | -1.46B | -1.28B | -1.33B |
| Pretax Income | 3.4B▲ 0% | 1.88B▼ 44.5% | 2.26B▲ 19.7% | -11.45B▼ 607.7% | -2.55B▲ 77.8% | 186M▲ 107.3% | 1.12B▲ 502.7% | 1.15B▲ 2.9% | 190M▼ 83.5% | 362M▲ 0% |
| Pretax Margin % | 7.97% | 4.23% | 4.93% | -66.06% | -8.53% | 0.38% | 2.12% | 2.13% | 0.35% | 0.65% |
| Income Tax | 2.11B | 472M | 570M | -2.57B | -555M | 59M | 299M | 308M | 79M | 160M |
| Effective Tax Rate % | 62.24% | 25.05% | 25.27% | 22.42% | 21.78% | 31.72% | 26.67% | 26.69% | 41.58% | 44.2% |
| Net Income | 1.28B▲ 0% | 1.41B▲ 10.1% | 1.69B▲ 19.4% | -8.88B▼ 627.0% | -1.99B▲ 77.6% | 127M▲ 106.4% | 822M▲ 547.2% | 846M▲ 2.9% | 111M▼ 86.9% | 202M▲ 0% |
| Net Margin % | 3.01% | 3.17% | 3.68% | -51.25% | -6.67% | 0.26% | 1.56% | 1.56% | 0.2% | 0.36% |
| Net Income Growth % | -50.39% | 10.14% | 19.41% | -626.99% | 77.57% | 106.37% | 547.24% | 2.92% | -86.88% | -70.51% |
| Net Income (Continuing) | 1.28B | 1.41B | 1.69B | -8.88B | -1.99B | 127M | 822M | 846M | 111M | 202M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.90▲ 0% | 3.03▼ 22.3% | 3.80▲ 25.4% | -18.36▼ 583.2% | -3.09▲ 83.2% | 0.19▲ 106.1% | 1.14▲ 500.0% | 1.24▲ 8.8% | 0.17▼ 86.3% | 0.31▲ 0% |
| EPS Growth % | -18.92% | -22.31% | 25.41% | -583.16% | 83.17% | 106.15% | 500% | 8.77% | -86.29% | -64.77% |
| EPS (Basic) | 3.92 | 3.04 | 3.80 | -18.36 | -3.09 | 0.20 | 1.26 | 1.29 | 0.17 | - |
| Diluted Shares Outstanding | 491.69M | 465.66M | 444.27M | 483.89M | 644.01M | 655.12M | 719.67M | 721.3M | 661.86M | 661.18M |
| Basic Shares Outstanding | 489.16M | 464.24M | 443.36M | 483.89M | 644.01M | 650.35M | 653.61M | 657M | 660.49M | 661.18M |
| Dividend Payout Ratio | 15.44% | 13.17% | 10.56% | - | - | - | - | - | - | - |
AAL Balance Sheet
American Airlines Group Inc. (AAL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 9.15B | 8.64B | 8.21B | 11.1B | 17.34B | 15.27B | 13.57B | 13.15B | 12.21B | 13.98B |
| Cash & Short-Term Investments | 5.07B | 4.76B | 3.83B | 6.86B | 12.43B | 8.96B | 7.58B | 6.98B | 6.57B | 7.29B |
| Cash Only | 295M | 275M | 280M | 245M | 273M | 440M | 578M | 804M | 1.69B | 903M |
| Short-Term Investments | 4.77B | 4.49B | 3.55B | 6.62B | 12.16B | 8.53B | 7B | 6.18B | 4.88B | 6.39B |
| Accounts Receivable | 1.75B | 1.71B | 1.75B | 1.34B | 1.5B | 2.14B | 2.03B | 2.01B | 2.08B | 2.01B |
| Days Sales Outstanding | 15 | 13.98 | 13.96 | 28.25 | 18.38 | 15.94 | 14.01 | 13.51 | 13.86 | 13.31 |
| Inventory | 1.36B | 1.52B | 1.85B | 1.61B | 1.79B | 2.28B | 2.4B | 2.64B | 2.79B | 3.13B |
| Days Inventory Outstanding | 15.85 | 16.11 | 19.51 | 23.98 | 21.95 | 20.83 | 21.38 | 22.53 | 23.08 | 23.93 |
| Other Current Assets | 318M | 154M | 158M | 609M | 990M | 995M | 1.57B | 1.53B | 767M | 1.55B |
| Total Non-Current Assets | 43.64B | 51.94B | 51.79B | 50.91B | 49.13B | 49.45B | 49.49B | 48.63B | 49.57B | 49.75B |
| Property, Plant & Equipment | 34.16B | 43.25B | 43.73B | 39.74B | 37.39B | 38.29B | 38.7B | 38.46B | 39.63B | 17.55B |
| Fixed Asset Turnover | 1.25x | 1.03x | 1.05x | 0.44x | 0.80x | 1.28x | 1.36x | 1.41x | 1.38x | 1.66x |
| Goodwill | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B |
| Intangible Assets | 2.2B | 2.14B | 2.08B | 2.03B | 1.99B | 2.06B | 2.05B | 2.04B | 2.07B | 2.06B |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.37B | 1.32B | 1.24B | 1.82B | 2.11B | 1.9B | 1.75B | 1.55B | 1.41B | 27.75B |
| Total Assets | 52.78B▲ 0% | 60.58B▲ 14.8% | 59.99B▼ 1.0% | 62.01B▲ 3.4% | 66.47B▲ 7.2% | 64.72B▼ 2.6% | 63.06B▼ 2.6% | 61.78B▼ 2.0% | 61.77B▼ 0.0% | 63.74B▲ 0% |
| Asset Turnover | 0.81x | 0.74x | 0.76x | 0.28x | 0.45x | 0.76x | 0.84x | 0.88x | 0.88x | 0.89x |
| Asset Growth % | 2.95% | 14.77% | -0.97% | 3.36% | 7.19% | -2.63% | -2.56% | -2.02% | -0.01% | -1.11% |
| Total Current Liabilities | 15.36B | 18.1B | 18.31B | 16.57B | 19.01B | 21.5B | 22.06B | 24.3B | 24.49B | 28.41B |
| Accounts Payable | 1.69B | 1.77B | 2.06B | 1.2B | 1.77B | 2.15B | 2.35B | 2.46B | 2.84B | 3.61B |
| Days Payables Outstanding | 19.69 | 18.76 | 21.73 | 17.77 | 21.66 | 19.64 | 20.96 | 20.96 | 23.47 | 25.87 |
| Short-Term Debt | 2.55B | 3.29B | 2.86B | 2.8B | 2.49B | 3.27B | 3.63B | 5.32B | 3.75B | 5.25B |
| Deferred Revenue (Current) | 7.16B | 7.61B | 8B | 6.79B | 8.98B | 9.91B | 9.65B | 10.31B | 10.88B | 34.58B |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.55B |
| Current Ratio | 0.60x | 0.48x | 0.45x | 0.67x | 0.91x | 0.71x | 0.62x | 0.54x | 0.50x | 0.50x |
| Quick Ratio | 0.51x | 0.39x | 0.35x | 0.57x | 0.82x | 0.60x | 0.51x | 0.43x | 0.38x | 0.38x |
| Cash Conversion Cycle | 11.17 | 11.32 | 11.73 | 34.46 | 18.66 | 17.12 | 14.43 | 15.07 | 13.47 | 11.37 |
| Total Non-Current Liabilities | 38.21B | 42.65B | 41.8B | 52.31B | 54.8B | 49.02B | 46.2B | 41.47B | 41.01B | 39.41B |
| Long-Term Debt | 22.51B | 21.18B | 21.45B | 29.8B | 35.57B | 32.39B | 29.27B | 25.15B | 25.25B | 29.28B |
| Capital Lease Obligations | 0 | 7.9B | 7.42B | 6.78B | 6.61B | 6.56B | 6.45B | 5.98B | 5.91B | 18.31B |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 9.99B | 8.3B | 7.5B | 8.57B | 6.38B | 4.09B | 4.6B | 3.84B | 3.01B | 19.95B |
| Total Liabilities | 53.56B | 60.75B | 60.11B | 68.88B | 73.81B | 70.52B | 68.26B | 65.76B | 65.5B | 67.81B |
| Total Debt | 25.07B | 34.03B | 33.44B | 41.02B | 46.18B | 43.69B | 40.66B | 37.54B | 35.97B | 34.53B |
| Net Debt | 24.77B | 33.75B | 33.16B | 40.78B | 45.9B | 43.25B | 40.09B | 36.74B | 34.28B | 33.63B |
| Debt / Equity | - | - | - | - | - | - | - | - | - | -8.47x |
| Debt / EBITDA | 4.01x | 7.07x | 6.21x | - | 36.19x | 12.19x | 8.18x | 8.27x | 10.45x | 9.39x |
| Net Debt / EBITDA | 3.96x | 7.01x | 6.16x | - | 35.97x | 12.07x | 8.07x | 8.09x | 9.96x | 9.96x |
| Interest Coverage | 4.22x | 2.78x | 3.06x | -8.33x | -0.42x | 1.09x | 1.52x | 1.60x | 1.11x | 2.45x |
| Total Equity | -780M▲ 0% | -169M▲ 78.3% | -118M▲ 30.2% | -6.87B▼ 5719.5% | -7.34B▼ 6.9% | -5.8B▲ 21.0% | -5.2B▲ 10.3% | -3.98B▲ 23.5% | -3.73B▲ 6.3% | -4.08B▲ 0% |
| Equity Growth % | -120.61% | 78.33% | 30.18% | -5719.49% | -6.89% | 20.99% | 10.29% | 23.55% | 6.29% | 52.68% |
| Book Value per Share | -1.59 | -0.36 | -0.27 | -14.19 | -11.40 | -8.85 | -7.23 | -5.51 | -5.63 | -6.17 |
| Total Shareholders' Equity | -780M | -169M | -118M | -6.87B | -7.34B | -5.8B | -5.2B | -3.98B | -3.73B | -4.08B |
| Common Stock | 5M | 5M | 4M | 6M | 6M | 6M | 7M | 7M | 7M | 7M |
| Retained Earnings | -1.34B | 758M | 2.26B | -6.66B | -8.64B | -8.51B | -7.69B | -6.84B | -6.73B | -7.11B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -5.15B | -5.9B | -6.33B | -7.1B | -5.94B | -4.58B | -4.89B | -4.57B | -4.39B | -4.37B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
AAL Cash Flow Statement
American Airlines Group Inc. (AAL) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 4.74B | 3.53B | 3.81B | -6.54B | 704M | 2.17B | 3.8B | 3.98B | 3.1B | 3.1B |
| Operating CF Margin % | 11.13% | 7.93% | 8.34% | -37.74% | 2.36% | 4.44% | 7.2% | 7.35% | 5.67% | - |
| Operating CF Growth % | -27.28% | -25.53% | 7.98% | -271.51% | 110.76% | 208.66% | 75.01% | 4.73% | -22.19% | -228.13% |
| Net Income | 1.28B | 1.41B | 1.69B | -8.88B | -1.99B | 127M | 822M | 846M | 111M | 202M |
| Depreciation & Amortization | 2.02B | 2.16B | 2.32B | 2.37B | 2.33B | 2.3B | 2.25B | 2.25B | 2.22B | 1.51B |
| Stock-Based Compensation | 90M | 0 | 94M | 91M | 98M | 78M | 102M | 130M | 0 | 0 |
| Deferred Taxes | 2.09B | 440M | 560M | -2.57B | -555M | 65M | 299M | 308M | 79M | 0 |
| Other Non-Cash Items | -13M | 90M | 24M | 1.14B | 1.63B | 815M | -64M | 1.18B | -56M | 2.77B |
| Working Capital Changes | -721M | -566M | -867M | 1.31B | -814M | -1.21B | 390M | -728M | 746M | 0 |
| Change in Receivables | -190M | 222M | 73M | 538M | -304M | -637M | 95M | 35M | -74M | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 299M | -147M | 327M | 0 | 0 | 0 | 0 | 0 | 335M | 0 |
| Cash from Investing | -3.64B | -1.97B | -2.24B | -4.34B | -5.98B | 636M | -502M | -968M | -1.89B | -3.02B |
| Capital Expenditures | -5.97B | -3.75B | -4.27B | -173M | -204M | -2.91B | -2.6B | -2.68B | -3.78B | -2.96B |
| CapEx % of Revenue | 14.01% | 8.41% | 9.33% | 1% | 0.68% | 5.93% | 4.92% | 4.95% | 6.92% | - |
| Acquisitions | 947M | 1.21B | 904M | 41M | -28M | 147M | 230M | 654M | 344M | 243M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -7M | 164M | -1.14B | -220M | 0 | 275M | 65M | 254M | -455M |
| Cash from Financing | -1.15B | -1.67B | -1.57B | 10.99B | 5.29B | -2.63B | -3.21B | -2.79B | -1.05B | -1.78B |
| Debt Issued (Net) | 641M | -646M | -291M | 8.15B | 4.64B | -2.69B | -2.9B | -2.8B | -891M | -694M |
| Equity Issued (Net) | -1.61B | -837M | -1.1B | 2.8B | 442M | -21M | 0 | 0 | 0 | 0 |
| Dividends Paid | -198M | -186M | -178M | -43M | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -1.61B | -837M | -1.1B | -173M | -18M | -21M | 0 | 0 | 0 | 0 |
| Other Financing | -58M | -3M | -2M | 88M | 208M | 77M | -310M | 3M | -160M | -1.08B |
| Net Change in Cash | -963M▲ 0% | -284M▲ 70.5% | 321M▲ 213.0% | 23M▼ 92.8% | -130M▼ 665.2% | 802M▲ 716.9% | 181M▼ 77.4% | 83M▼ 54.1% | 303M▲ 265.1% | -79M▲ 0% |
| Free Cash Flow | -1.23B▲ 0% | -212M▲ 82.7% | -453M▼ 113.7% | -8.67B▼ 1814.8% | 496M▲ 105.7% | -733M▼ 247.8% | 1.21B▲ 264.7% | 1.3B▲ 7.7% | -680M▼ 152.3% | 1.91B▲ 0% |
| FCF Margin % | -2.88% | -0.48% | -0.99% | -50.03% | 1.66% | -1.5% | 2.29% | 2.4% | -1.24% | 3.41% |
| FCF Growth % | -254.73% | 82.72% | -113.68% | -1814.79% | 105.72% | -247.78% | 264.67% | 7.71% | -152.31% | 21.26% |
| FCF per Share | -2.50 | -0.46 | -1.02 | -17.93 | 0.77 | -1.12 | 1.68 | 1.80 | -1.03 | -1.03 |
| FCF Conversion (FCF/Net Income) | 3.70x | 2.50x | 2.26x | 0.74x | -0.35x | 17.11x | 4.63x | 4.71x | 27.92x | 9.46x |
| Interest Paid | 1.04B | 1.09B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 800M |
| Taxes Paid | 20M | 18M | 0 | 0 | 0 | 0 | 0 | 8M | 0 | 9M |
AAL Key Ratios
American Airlines Group Inc. (AAL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 85.32% | - | - | - | - | - | - | - | - | -5.17% |
| Return on Invested Capital (ROIC) | 12.25% | 6.92% | 6.9% | -23.35% | -2.19% | 3.17% | 6.29% | 5.8% | 3.48% | 3.48% |
| Gross Margin | 26.58% | 22.57% | 24.32% | -41.68% | 0.09% | 18.45% | 22.37% | 21.15% | 19.17% | 21.8% |
| Net Margin | 3.01% | 3.17% | 3.68% | -51.25% | -6.67% | 0.26% | 1.56% | 1.56% | 0.2% | 0.36% |
| Debt / Equity | - | - | - | - | - | - | - | - | - | -8.47x |
| Interest Coverage | 4.22x | 2.78x | 3.06x | -8.33x | -0.42x | 1.09x | 1.52x | 1.60x | 1.11x | 2.45x |
| FCF Conversion | 3.70x | 2.50x | 2.26x | 0.74x | -0.35x | 17.11x | 4.63x | 4.71x | 27.92x | 9.46x |
| Revenue Growth | 6.18% | 4.5% | 2.75% | -62.12% | 72.36% | 63.88% | 7.79% | 2.7% | 0.78% | 3.33% |
AAL SEC Filings & Documents
American Airlines Group Inc. (AAL) SEC filings — annual & quarterly reports (10-K, 10-Q)
AAL Frequently Asked Questions
American Airlines Group Inc. (AAL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
American Airlines Group Inc. (AAL) reported $55.99B in revenue for fiscal year 2025. This represents a 222% increase from $17.36B in 1996.
American Airlines Group Inc. (AAL) grew revenue by 0.8% over the past year. Growth has been modest.
Yes, American Airlines Group Inc. (AAL) is profitable, generating $202.0M in net income for fiscal year 2025 (0.2% net margin).
Dividend & Returns
American Airlines Group Inc. (AAL) generated $1.91B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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