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Financials · AAL

American Airlines Group Inc. (AAL) financials

For the twelve months ended Sep 30, 2026, American Airlines Group Inc. reported $60.98B of revenue and -$481.00M of net income.

Revenue, TTM
$60.98B
Revenue growth, YoY
+12.3%
Net income, TTM
-$481.00M
Net margin
-0.8%
Free cash flow, TTM
-$91.00M
EPS, diluted, TTM
-$0.73
Cash
$1.23B
Total debt
$29.52B
P/S
0.14
Market cap
$8.73B
Annual revenue$54.63B
FY2016FY2025
Annual net income$111.00M
FY2016FY2025
Annual free cash flow-$680.00M
FY2016FY2025

AAL revenue and earnings growth

AAL revenueQ3 2026$16.34B

Quarter YoY
+19.3%
QoQ
-2.4%
FY YoY
+0.8%
5Y CAGR
+25.8%
10Y CAGR
+2.9%

AAL revenue was $16.34B in fiscal Q3 2026 (ended Sep 30, 2026), up 19.3% from a year earlier and down 2.4% from the prior quarter. For the full fiscal 2025 it was $54.63B, up 0.8% from fiscal 2024. Compound annual growth was +25.8% over 5 years and +2.9% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 13 fiscal years on file.

AAL net incomeQ3 2026-$269.00M

FY YoY
-86.9%
10Y CAGR
-34.5%

AAL net income was -$269.00M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$114.00M a year earlier. For the full fiscal 2025 it was $111.00M, down 86.9% from fiscal 2024. Compound annual growth was -34.5% over 10 years. It rose in 2 of the last 3 fiscal years.

AAL EPSQ3 2026-$0.41

FY YoY
-86.3%
10Y CAGR
-34.1%

AAL diluted EPS was -$0.41 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.17 a year earlier. For the full fiscal 2025 it was $0.17, down 86.3% from fiscal 2024. Compound annual growth was -34.1% over 10 years.

AAL free cash flowQ3 2026-$1.25B

AAL free cash flow was -$1.25B in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$872.00M a year earlier. For the full fiscal 2025 it was -$680.00M, compared with $1.30B in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$54.63B$54.21B$52.79B$48.97B$29.88B$17.34B$45.77B$44.54B$42.62B$40.14B
Operating income$1.47B$2.61B$3.03B$1.61B-$1.06B-$10.42B$3.06B$2.66B$4.23B$5.06B
Interest expense$1.72B$1.93B$2.15B$1.96B$1.80B$1.23B$1.09B$1.06B$1.05B$991.00M
Pre-tax income$190.00M$1.15B$1.12B$186.00M-$2.55B-$11.45B$2.26B$1.88B$3.40B$4.15B
Income tax$79.00M$308.00M$299.00M$59.00M-$555.00M-$2.57B$570.00M$472.00M$2.11B$1.57B
Net income$111.00M$846.00M$822.00M$127.00M-$1.99B-$8.88B$1.69B$1.41B$1.28B$2.58B
EPS, basic$0.17$1.29$1.26$0.20-$3.09-$18.36$3.80$3.04$2.62$4.68
EPS, diluted$0.17$1.24$1.21$0.19-$3.09-$18.36$3.79$3.03$2.61$4.65
Diluted shares661.1M721.3M719.7M655.1M644.0M483.9M444.3M465.7M491.7M556.1M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$1.06B$902.00M$681.00M$586.00M$408.00M$399.00M$290.00M$286.00M$398.00M$435.00M
Short-term investments--------$4.77B$6.04B
Receivables$2.08B$2.01B$2.03B$2.14B$1.50B$1.34B$1.75B$1.71B$1.75B$1.59B
Current assets$12.21B$13.15B$13.57B$15.27B$17.34B$11.10B$8.21B$8.64B$9.15B$10.32B
Goodwill$4.09B$4.09B$4.09B$4.09B$4.09B$4.09B$4.09B$4.09B$4.09B$4.09B
Total assets$61.77B$61.78B$63.06B$64.72B$66.47B$62.01B$59.99B$60.58B$52.78B$51.27B
Current liabilities$24.49B$24.30B$22.06B$21.50B$19.01B$16.57B$18.31B$18.10B$15.36B$13.87B
Short-term debt$3.64B$5.20B$3.50B$3.06B$2.31B$2.70B$2.75B$3.21B$2.48B-
Long-term debt$25.25B$25.15B$29.27B$32.39B$35.57B$29.80B$21.45B$21.18B$22.51B$22.49B
Total debt$28.89B$30.35B$32.77B$35.45B$37.89B$32.49B$24.20B$24.39B$24.99B$22.49B
Shareholders' equity-$3.73B-$3.98B-$5.20B-$5.80B-$7.34B-$6.87B-$118.00M-$169.00M-$780.00M-$284.00M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$3.10B$3.98B$3.80B$2.17B$704.00M-$6.54B$3.81B$3.53B$4.74B$6.52B
Capital expenditures$3.78B$2.68B$2.60B$2.55B$208.00M$1.96B$4.27B$3.75B$5.97B$5.73B
Free cash flow-$680.00M$1.30B$1.21B-$373.00M$496.00M-$8.50B-$453.00M-$212.00M-$1.23B$793.00M
Investing cash flow-$1.89B-$968.00M-$502.00M$636.00M-$5.98B-$4.34B-$2.24B-$1.97B-$3.64B-$5.70B
Financing cash flow-$1.05B-$2.79B-$3.21B-$2.63B$5.29B$10.99B-$1.57B-$1.67B-$1.15B-$894.00M
Dividends paid-----$43.00M$178.00M$186.00M$198.00M$224.00M
Share repurchases---$21.00M$18.00M$173.00M$1.10B$837.00M$1.61B$4.50B
Stock-based compensation$57.00M$92.00M$102.00M$78.00M$98.00M$91.00M$94.00M$86.00M$90.00M$100.00M
Depreciation and amortization$2.20B$2.20B$2.30B$2.30B$2.30B$2.40B$2.60B$2.40B$2.20B$1.90B

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY0.8%2.7%7.8%63.9%72.4%-62.1%2.8%4.5%6.2%-2.1%
Net income growth, YoY-86.9%2.9%547.2%---19.4%10.1%-50.4%-66.0%
EPS growth, YoY-86.3%2.5%536.8%---25.1%16.1%-43.9%-58.0%
Operating margin2.7%4.8%5.7%3.3%-3.5%-60.1%6.7%6.0%9.9%12.6%
Net margin0.2%1.6%1.6%0.3%-6.7%-51.2%3.7%3.2%3.0%6.4%
Free cash flow margin-1.2%2.4%2.3%-0.8%1.7%-49.0%-1.0%-0.5%-2.9%2.0%
Return on assets0.2%1.4%1.3%0.2%-3.0%-14.3%2.8%2.3%2.4%5.0%
Current ratio0.500.540.620.710.910.670.450.480.600.74

Source: XBRL data American Airlines Group Inc. files with the SEC, latest filing dated Oct 22, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 3-for-8, first reported Feb 28, 2014; 2-for-1, first reported Apr 24, 2014.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

AAL peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
AAL$60.98B+12.3%-$481.00M-0.8%$8.73B
DAL$71.80B+14.1%$3.29B4.6%$57.37B
UAL$65.55B+12.3%$3.58B5.5%$36.63B
LUV$31.55B+14.5%$1.05B3.3%$21.76B
ALK$15.30B+8.2%-$395.00M-2.6%$4.35B

AAL FAQ

8 questions
  • What is AAL revenue?
    American Airlines Group Inc. (AAL) reported $60.98B of revenue for the twelve months ended Sep 30, 2026. That is up 12.3% from the year before. Revenue for fiscal 2025 was $54.63B.
  • Is AAL profitable?
    No. American Airlines Group Inc. reported a net loss of $481.00M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does AAL have?
    American Airlines Group Inc. reported $1.23B in cash and cash equivalents and $29.52B of debt on its most recent balance sheet in SEC filings.
  • How fast is AAL revenue growing?
    American Airlines Group Inc.'s revenue changed +0.8% in fiscal 2025, to $54.63B. Its compound annual growth rate was +25.8% over 5 years and +2.9% over 10 years.
  • What is AAL free cash flow?
    American Airlines Group Inc. generated -$91.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $4.27B less capital expenditures.
  • What is AAL earnings per share?
    Diluted earnings per share were -$0.73 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did AAL last report financial results?
    The latest statements here come from American Airlines Group Inc.'s 10-Q filed on Oct 22, 2026, covering the period ended Sep 30, 2026.
  • Where does this AAL financial data come from?
    Quantisnow builds these statements from the structured XBRL data American Airlines Group Inc. files with the SEC. It is provided for information only and is not investment advice.