American Airlines Group Inc. AAL

Industrials SIC 4512 - Air Transportation, Scheduled NAICS Transportation and Warehousing › Air Transportation › Scheduled Air Transportation derived Nasdaq

American Airlines Group Inc. (AAG), a Delaware corporation, is a holding company and its principal, wholly-owned subsidiaries are American Airlines, Inc. (American), Envoy Aviation Group Inc., PSA Airlines, Inc. (PSA) and Piedmont Airlines, Inc. (Piedmont). AAG was formed in 1982, under the name AMR Corporation (AMR), as the parent company of American, which was founded in 1934, with roots tracing back to an air mail carrier in the Midwestern United States in 1926.

AAG's and American's principal executive offices are located at 1 Skyview Drive, Fort Worth, Texas 76155 and their telephone number is 682-278-9000.

Together with our wholly-owned regional airline subsidiaries and third-party regional carriers operating as American Eagle, our primary business activity is the operation of a major network air carrier, providing scheduled air transportation for passengers and cargo through our hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. and partner gateways, including in London, Doha, Madrid, Seattle/Tacoma, Sydney and Tokyo (among others). We provide service to over 350 destinations around the world, and in 2025, approximately 224 million passengers boarded our flights. In 2025, we launched more than 60 new routes, including to trans-Atlantic destinations such as Spain, Italy and Greece. We also announced over 20 new routes for customers to explore in 2026, including our first trans-Atlantic route to be flown by the Airbus A321XLR from New York to Edinburgh, Scotland.

Last close 12.11 2026-10-23
Market cap $8.02B 2026-06-30 share count
52-week range 10.09 - 18.79

Valuation FY2025 figures against the last close

P/S0.1x
P/E71.2x
P/FCF—
EV/EBITDA8.3x
Dividend yield—
Diluted EPS0.17

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $54.63B$54.21B$52.79B$48.97B$29.88B$17.34B$45.77B$44.54B$42.62B$40.14B
Total operating expenses $53.17B$51.60B$49.75B$47.36B$30.94B$27.76B$42.70B$41.88B$38.39B$35.08B
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$991.0M
Pre-tax income $190.0M$1.15B$1.12B$186.0M-$2.55B-$11.45B$2.26B$1.88B$3.40B$4.15B
Income tax $79.0M$308.0M$299.0M$59.0M$555.0M$2.57B$570.0M$472.0M$2.11B$1.57B
Net income $111.0M$846.0M$822.0M$127.0M-$1.99B-$8.88B$1.69B$1.41B$1.28B$2.58B
EPS, basic 0.171.291.260.20-3.09-18.363.803.042.624.68
EPS, diluted 0.171.241.210.19-3.09-18.363.793.032.614.65
Shares, diluted (wtd. avg.) 661.1M721.3M719.7M655.1M644.0M483.9M444.3M465.7M491.7M556.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.06B$902.0M$681.0M$586.0M$408.0M$399.0M$290.0M$286.0M$398.0M$435.0M
Short-term investments $4.88B$6.18B$7.00B$8.53B$12.16B$6.62B$3.55B$4.49B$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
Total current assets $12.21B$13.15B$13.57B$15.27B$17.34B$11.10B$8.21B$8.64B$9.15B$10.32B
Property, plant and equipment ——————$34.99B$34.10B$34.16B$31.16B
Goodwill $4.09B$4.09B$4.09B$4.09B$4.09B$4.09B$4.09B$4.09B$4.09B$4.09B
Other intangibles $2.07B$2.04B$2.05B$2.06B$1.99B$2.03B$2.08B$2.14B$2.20B$2.17B
Total assets $61.77B$61.78B$63.06B$64.72B$66.47B$62.01B$59.99B$60.58B$52.78B$51.27B
Accounts payable $2.84B$2.46B$2.35B$2.15B$1.77B$1.20B$2.06B$1.77B$1.69B$1.59B
Short-term debt $3.64B$5.20B$3.50B$3.06B$2.31B$2.70B$2.75B$3.21B$2.48B—
Total current liabilities $24.49B$24.30B$22.06B$21.50B$19.01B$16.57B$18.31B$18.10B$15.36B$13.87B
Long-term debt $24.64B$24.62B$28.89B$31.84B$35.01B$29.32B$20.90B$20.57B$21.82B—
Retained earnings -$6.73B-$6.84B-$7.69B-$8.51B-$8.64B-$6.66B$2.26B$758.0M-$1.34B$1.64B
Total equity -$3.73B-$3.98B-$5.20B-$5.80B-$7.34B-$6.87B-$118.0M-$169.0M-$780.0M-$284.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.10B$3.98B$3.80B$2.17B$704.0M-$6.54B$3.81B$3.53B$4.74B$6.52B
Depreciation and amortisation $2.20B$2.20B$2.30B$2.30B$2.30B$2.40B$2.60B$2.40B$2.20B$1.90B
Stock-based compensation $57.0M$92.0M$102.0M$78.0M$98.0M$91.0M$94.0M$86.0M$90.0M$100.0M
Capital expenditure $3.78B$2.68B$2.60B$2.55B$208.0M$1.96B$4.27B$3.75B$5.97B$5.73B
Investing cash flow -$1.89B-$968.0M-$502.0M$636.0M-$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-$894.0M
Dividends paid —————$43.0M$178.0M$186.0M$198.0M$224.0M
Buybacks ———$21.0M$18.0M$173.0M$1.10B$837.0M$1.61B$4.50B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-187096.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -20B 0 20B 40B 60B Revenue, FY2016: 40.1B Net income, FY2016: 2.6B Revenue, FY2017: 42.6B Net income, FY2017: 1.3B Revenue, FY2018: 44.5B Net income, FY2018: 1.4B Revenue, FY2019: 45.8B Net income, FY2019: 1.7B Revenue, FY2020: 17.3B Net income, FY2020: -8.9B Revenue, FY2021: 29.9B Net income, FY2021: -2B Revenue, FY2022: 49B Net income, FY2022: 127M Revenue, FY2023: 52.8B Net income, FY2023: 822M Revenue, FY2024: 54.2B Net income, FY2024: 846M Revenue, FY2025: 54.6B Net income, FY2025: 111M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $40.14B $42.62B $44.54B $45.77B $17.34B $29.88B $48.97B $52.79B $54.21B $54.63B
Gross profit — — — — — — — — — —
Net income $2.58B $1.28B $1.41B $1.69B -$8.88B -$1.99B $127.0M $822.0M $846.0M $111.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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