Seeking Alpha·Sep 16, 2026
American Airlines Group Inc. (AAL) Presents at Morgan Stanley's 14th Annual Laguna Conference TranscriptAmerican Airlines Group Inc. (AAL) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript
American Airlines' Q2 2026 revenue surged 16.3% YoY to $16.7B, the strongest growth in the dataset, suggesting capacity additions are meeting robust demand. However, operating margin contracted to 2.7% from 7.9% a year earlier, and net income of $71M yielded a...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 16.3% YoY in Q2 2026, but operating margin fell to 2.7% from 7.9% in Q2 2025, and net margin was just 0.4%.
AAL's trailing and forward P/E ratios of 16.15 and 7.28 respectively suggest the stock may be undervalued relative to earnings potential.
The bull case for AAL depends on net leverage falling below 3.0x by 2027, which could drive multiple expansion if achieved.
The upcoming Alaska Airlines partnership payoff could provide operational and financial benefits to American Airlines.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 23, 2026 | $0.15+400.0% vs $0.03 | $16.7B+0.2% vs $16.7B |
Q2 2026 Apr 23, 2026 | -$0.40+13.7% vs -$0.46 | $13.9B+0.9% vs $13.8B |
Q1 2026 Jan 27, 2026 | $0.16-57.9% vs $0.38 | $14.0B-0.2% vs $14.0B |
Q4 2025 Oct 23, 2025 | -$0.17+38.9% vs -$0.28 | $13.7B+0.5% vs $13.6B |
American Airlines Group Inc. (AAL) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript
American Airlines is making half of its revenue from 30% of its seats as the carrier races to refresh planes with larger business class cabins. Airlines across the board, including budget carriers, have been scrambling to add higher yielding seats.
American Airlines Group NASDAQ: AAL CEO Robert Isom said demand remains strong across the carrier's network, cabins and geographies, while volatile fuel costs remain the principal constraint on profitability.
The latest trading day saw American Airlines (AAL) settling at $12.77, representing a -2.52% change from its previous close.
Benchmark AAL against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for American Airlines Group Inc. (AAL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $13.35 | $8.84B | 78.53 | 0.78% | 0.2% | — | — | |
| $81.75 | $53.76B | 10.67 | 2.79% | 5.79% | 19.33% | — | |
| $110.72 | $35.94B | 10.83 | 3.52% | 5.56% | 22.5% | — | |
| $41.04 | $20.08B | 51.95 | 2.11% | 2.78% | 11.27% | — | |
| $4.39 | $1.66B | -2.64 | -2.34% | -9.32% | -45.51% | — | |
| $77.26 | $1.49B | -31.15 | 3.74% | 0.9% | 2.1% | — |
American Airlines Group Inc. (AAL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
American Airlines Group Inc. (AAL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 23, 2026·SEC
Jul 15, 2026·SEC
Jun 16, 2026·SEC
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American Airlines Group Inc. (AAL) stock FAQ — growth, dividends, profitability & financials explained
American Airlines Group Inc. (AAL) reported $58.34B in revenue for fiscal year 2025. This represents a 236% increase from $17.36B in 1996.
American Airlines Group Inc. (AAL) grew revenue by 0.8% over the past year. Growth has been modest.
American Airlines Group Inc. (AAL) reported a net loss of $326.0M for fiscal year 2025.
American Airlines Group Inc. (AAL) generated $285.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
