American Airlines Group Inc. (AAL) quarterly balance sheet — complete assets, liabilities & equity history
American Airlines Group Inc. (AAL) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 14.28B | 13.98B | 12.21B | 13.25B | 15.07B | 13.6B | 13.15B | 14.46B | 14.79B | 14.54B | 13.57B | 16.71B | 18.22B | 17.65B | 15.27B | 17.38B | 18.52B | 17.76B | 17.34B | 19.2B |
| Cash & Short-Term Investments | 7.77B | 7.29B | 6.57B | 6.86B | 8.57B | 7.47B | 6.98B | 8.47B | 8.45B | 8.3B | 7.58B | 10.58B | 12.06B | 11.49B | 8.96B | 11.23B | 12.52B | 12.48B | 12.43B | 14.54B |
| Cash Only | 1.03B | 903M | 1.69B | 835M | 833M | 835M | 804M | 834M | 605M | 604M | 578M | 577M | 614M | 452M | 440M | 332M | 401M | 376M | 273M | 293M |
| Short-Term Investments | 6.74B | 6.39B | 4.88B | 6.02B | 7.74B | 6.63B | 6.18B | 7.64B | 7.84B | 7.7B | 7B | 10.01B | 11.45B | 11.04B | 8.53B | 10.9B | 12.12B | 12.11B | 12.16B | 14.24B |
| Accounts Receivable | 1.89B | 2.01B | 2.08B | 2.03B | 2.06B | 1.93B | 2.01B | 1.82B | 2.07B | 2.07B | 2.03B | 2.02B | 2.07B | 1.99B | 2.14B | 1.99B | 1.83B | 1.54B | 1.5B | 1.33B |
| Days Sales Outstanding | 10.61 | 13.21 | 13.48 | 13.73 | 12.6 | 14.1 | 12.88 | 13.1 | 13.13 | 14.83 | 14.25 | 13.97 | 13.15 | 15.24 | 14.4 | 13.07 | 11.43 | 15.38 | 13.84 | 13.24 |
| Inventory | 3.11B | 3.13B | 2.79B | 2.78B | 2.78B | 2.65B | 2.64B | 2.58B | 2.58B | 2.5B | 2.4B | 2.46B | 2.28B | 2.31B | 2.28B | 2.21B | 2.27B | 2B | 1.79B | 1.85B |
| Days Inventory Outstanding | 21.4 | 25.88 | 22.9 | 22.59 | 22.51 | 22.31 | 22.93 | 21.83 | 21.27 | 21.13 | 21.43 | 20.2 | 21.07 | 20.98 | 20.81 | 19.41 | 18.5 | 19.31 | 19.36 | 21.1 |
| Other Current Assets | 1.51B | 1.55B | 767M | 1.58B | 1.66B | 1.56B | 1.53B | 1.58B | 1.71B | 1.67B | 1.57B | 1.64B | 1.81B | 1.86B | 995M | 953M | 997M | 952M | 990M | 923M |
| Total Non-Current Assets | 50.1B | 49.75B | 49.57B | 48.89B | 48.6B | 49.01B | 48.63B | 49.07B | 49.33B | 49.84B | 49.49B | 49B | 49.04B | 49.13B | 49.45B | 49.27B | 49.44B | 49.64B | 49.13B | 49.24B |
| Property, Plant & Equipment | 40B | 17.55B | 39.63B | 38.95B | 38.69B | 38.76B | 38.46B | 38.55B | 38.92B | 39.06B | 38.7B | 38.2B | 38.35B | 37.98B | 38.29B | 37.54B | 37.5B | 37.6B | 37.39B | 37.6B |
| Fixed Asset Turnover | 0.58x | 0.49x | 0.36x | 0.35x | 0.37x | 0.33x | 0.35x | 0.35x | 0.37x | 0.32x | 0.34x | 0.35x | 0.37x | 0.32x | 0.35x | 0.36x | 0.36x | 0.24x | 0.25x | 0.24x |
| Goodwill | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B | 4.09B |
| Intangible Assets | 2.07B | 2.06B | 2.07B | 2.04B | 2.04B | 2.04B | 2.04B | 2.05B | 2.05B | 2.05B | 2.05B | 2.05B | 2.06B | 2.06B | 2.06B | 2.07B | 2.08B | 1.97B | 1.99B | 2B |
| Long-Term Investments | 144M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.38B | 23.59B | 1.41B | 1.37B | 1.37B | 1.46B | 1.55B | 1.61B | 1.61B | 1.66B | 1.75B | 1.79B | 1.89B | 1.92B | 1.9B | 1.9B | 1.91B | 1.98B | 2.11B | 1.97B |
| Total Assets | 64.23B | 63.74B | 61.77B | 62.14B | 63.67B | 62.61B | 61.78B | 63.53B | 64.13B | 64.38B | 63.06B | 65.71B | 67.26B | 66.79B | 64.72B | 66.65B | 67.96B | 67.4B | 66.47B | 68.44B |
| Asset Turnover | 0.26x | 0.22x | 0.23x | 0.22x | 0.23x | 0.20x | 0.22x | 0.21x | 0.22x | 0.20x | 0.20x | 0.20x | 0.21x | 0.19x | 0.20x | 0.20x | 0.20x | 0.13x | 0.14x | 0.13x |
| Asset Growth % | 0.89% | 1.8% | -0.01% | -2.18% | -0.71% | -2.76% | -2.02% | -3.32% | -4.66% | -3.6% | -2.56% | -1.41% | -1.03% | -0.91% | -2.63% | -2.61% | -6.21% | -1.82% | 7.19% | 9.02% |
| Total Current Liabilities | 26.76B | 28.41B | 24.49B | 24.64B | 25.77B | 26.11B | 24.3B | 25.53B | 24.61B | 24.99B | 22.06B | 24.38B | 24.32B | 24.59B | 21.5B | 21.97B | 22.77B | 21.87B | 19.01B | 18.94B |
| Accounts Payable | 3.64B | 3.61B | 2.84B | 2.83B | 3.13B | 3.11B | 2.46B | 2.62B | 3.02B | 2.93B | 2.35B | 2.12B | 2.41B | 2.46B | 2.15B | 2.12B | 2.73B | 2.55B | 1.77B | 1.83B |
| Days Payables Outstanding | 24.86 | 28.19 | 23.31 | 24.24 | 25.88 | 23.48 | 22.3 | 23.87 | 24.91 | 22.77 | 19.73 | 19.3 | 22.32 | 21.05 | 19.76 | 20.97 | 22.84 | 21.96 | 19.15 | 23.22 |
| Short-Term Debt | 3.09B | 4.55B | 3.75B | 3.6B | 4.61B | 4.73B | 5.32B | 5.38B | 4.12B | 4.1B | 3.63B | 3.77B | 3.87B | 3.58B | 3.27B | 2.75B | 2.11B | 2.38B | 2.49B | 2.55B |
| Deferred Revenue (Current) | 13.9B | 14.24B | 10.88B | 11.79B | 11.91B | 12.6B | 10.31B | 11.13B | 11.65B | 12.14B | 9.65B | 11.16B | 12.02B | 12.54B | 9.91B | 11.17B | 12.03B | 11.46B | 8.98B | 9.24B |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 0.53x | 0.49x | 0.50x | 0.54x | 0.58x | 0.52x | 0.54x | 0.57x | 0.60x | 0.58x | 0.62x | 0.69x | 0.75x | 0.72x | 0.71x | 0.79x | 0.81x | 0.81x | 0.91x | 1.01x |
| Quick Ratio | 0.42x | 0.38x | 0.38x | 0.42x | 0.48x | 0.42x | 0.43x | 0.47x | 0.50x | 0.48x | 0.51x | 0.58x | 0.66x | 0.62x | 0.60x | 0.69x | 0.71x | 0.72x | 0.82x | 0.92x |
| Cash Conversion Cycle | 7.15 | 10.9 | 13.08 | 12.08 | 9.22 | 12.93 | 13.51 | 11.06 | 9.49 | 13.19 | 15.95 | 14.87 | 11.9 | 15.16 | 15.46 | 11.51 | 7.09 | 12.73 | 14.05 | 11.11 |
| Total Non-Current Liabilities | 41.45B | 39.41B | 41.01B | 41.47B | 41.77B | 41.01B | 41.47B | 42.85B | 44.26B | 44.89B | 46.2B | 46.47B | 47.33B | 47.97B | 49.02B | 52.58B | 53.62B | 54.48B | 54.8B | 56.94B |
| Long-Term Debt | 25.83B | 23.52B | 25.25B | 25.11B | 25.28B | 24.71B | 25.15B | 26.27B | 27.64B | 28.23B | 29.27B | 29.72B | 30.77B | 31.59B | 32.39B | 34.19B | 34.96B | 35.46B | 35.57B | 36.05B |
| Capital Lease Obligations | 5.75B | 5.76B | 5.91B | 6.2B | 6.2B | 6.06B | 5.98B | 6.35B | 6.48B | 6.46B | 6.45B | 6.33B | 6.51B | 6.33B | 6.56B | 6.28B | 6.31B | 6.53B | 6.61B | 6.57B |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.65B | 2.75B | 3.01B | 3.33B | 3.48B | 3.52B | 3.84B | 4.2B | 4.11B | 4.21B | 4.6B | 4.58B | 4.17B | 4.17B | 4.09B | 5.97B | 6.15B | 6.29B | 6.38B | 7.92B |
| Total Liabilities | 68.2B | 67.81B | 65.5B | 66.1B | 67.54B | 67.12B | 65.76B | 68.38B | 68.87B | 69.88B | 68.26B | 70.85B | 71.64B | 72.56B | 70.52B | 74.55B | 76.39B | 76.34B | 73.81B | 75.87B |
| Total Debt | 35.73B | 34.89B | 35.97B | 36.06B | 37.2B | 36.6B | 37.54B | 39.17B | 39.45B | 40.06B | 40.66B | 41.2B | 42.58B | 42.93B | 43.69B | 44.68B | 44.87B | 45.86B | 46.18B | 46.66B |
| Net Debt | 34.7B | 33.99B | 34.28B | 35.23B | 36.37B | 35.77B | 36.74B | 38.34B | 38.84B | 39.46B | 40.09B | 40.63B | 41.97B | 42.48B | 43.25B | 44.35B | 44.46B | 45.49B | 45.9B | 46.36B |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | 38.67x | 80.40x | 35.65x | 57.70x | 23.09x | 184.85x | 21.87x | 68.97x | 21.23x | 83.98x | 33.47x | 120.13x | 15.62x | 46.46x | 22.35x | 29.75x | 28.25x | - | - | 40.46x |
| Net Debt / EBITDA | 37.56x | 78.32x | 33.98x | 56.37x | 22.57x | 180.63x | 21.40x | 67.50x | 20.91x | 82.72x | 32.99x | 118.45x | 15.40x | 45.97x | 22.12x | 29.53x | 28.00x | - | - | 40.21x |
| Interest Coverage | 1.15x | 0.13x | 1.34x | 0.67x | 2.94x | -0.51x | 2.53x | 0.47x | 3.12x | 0.17x | 1.06x | -0.28x | 4.22x | 1.03x | 2.90x | 2.32x | 2.29x | -3.51x | -1.54x | 1.43x |
| Total Equity | -3.97B | -4.08B | -3.73B | -3.96B | -3.87B | -4.51B | -3.98B | -4.85B | -4.75B | -5.5B | -5.2B | -5.14B | -4.38B | -5.77B | -5.8B | -7.89B | -8.42B | -8.94B | -7.34B | -7.44B |
| Equity Growth % | -2.64% | 9.56% | 6.29% | 18.38% | 18.46% | 18.04% | 23.55% | 5.49% | -8.23% | 4.7% | 10.29% | 34.93% | 47.93% | 35.45% | 20.99% | -6.13% | -9.85% | -12.52% | -6.89% | -34.53% |
| Book Value per Share | -5.99 | -6.17 | -5.63 | -6.00 | -5.86 | -6.84 | -5.51 | -7.38 | -6.59 | -8.39 | -7.92 | -7.85 | -6.10 | -8.79 | -8.10 | -11.02 | -11.72 | -13.76 | -11.31 | -10.31 |
| Total Shareholders' Equity | -3.97B | -4.08B | -3.73B | -3.96B | -3.87B | -4.51B | -3.98B | -4.85B | -4.75B | -5.5B | -5.2B | -5.14B | -4.38B | -5.77B | -5.8B | -7.89B | -8.42B | -8.94B | -7.34B | -7.44B |
| Common Stock | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 6M | 6M | 6M | 6M | 6M | 6M |
| Retained Earnings | -7.04B | -7.11B | -6.73B | -6.83B | -6.72B | -7.32B | -6.84B | -7.43B | -7.28B | -8B | -7.69B | -7.71B | -7.16B | -8.5B | -8.51B | -9.31B | -9.8B | -10.27B | -8.64B | -7.71B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -4.36B | -4.37B | -4.39B | -4.51B | -4.53B | -4.55B | -4.57B | -4.83B | -4.86B | -4.88B | -4.89B | -4.79B | -4.55B | -4.57B | -4.58B | -5.86B | -5.89B | -5.92B | -5.94B | -6.96B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |