American Airlines Group Inc. (AAL)

American Airlines Group Inc., through its subsidiaries, operates as a network air carrier in the United States, Latin America, Atlantic, and Pacific. 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, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo. It also operates a mainline fleet of 1,013 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 1926 and is headquartered in Fort Worth, Texas.

Ticker: AAL
Exchange: Nasdaq
Sector: Industrials
Industry: Airlines
Market cap: $8.73B
52-week range: $10.09 - $18.79

Valuation

Share price: $13.18 (close of Nov 6, 2026)
P/E (TTM): -18.05x
Price to book: -2.07x
Price to free cash flow: -95.97x
Enterprise value: $37.55B
Book value per share: $-6.37

Price performance

Period	Change
1 day	+1.93%
5 days	+4.60%
1 month	+1.38%
3 months	-17.78%
6 months	+1.85%
Year to date	-14.02%
1 year	+0.23%
3 years	+13.04%
5 years	-39.60%
10 years	-66.83%
All time	-31.71%

Short interest

As of: Oct 15, 2026
Short % of float: 15.97%
Shares short: 104.39M
Days to cover: 1.72
Change since prior report: +32.74%
Source: FINRA consolidated short interest

Members of Congress who disclosed AAL trades

Tim Moore · Lisa McClain

Super investors holding AAL

David Tepper (Appaloosa Mgmt) · Harry Burn (Sound Shore Management) · Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on invested capital: 4.19%
Return on assets: 0.18%
Return on capital employed: 3.93%
Gross margin: 6.34%
Net margin: 0.20%
EBITDA margin: 6.71%
Revenue growth: 0.78%
Net income growth: -86.88%
Free cash flow growth: -152.31%

Cash flow and balance sheet

Free cash flow yield (TTM): -1.04%
Current ratio: 0.53x
Net debt to EBITDA: 26.15x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $54.63B
Cost of revenue: $51.17B
Gross profit: $3.46B
EBITDA: $3.67B
Net income: $111.00M
Earnings per share: $0.17
Interest expense: $1.72B
Shares outstanding: 659.96M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$54.63B	$3.46B	$111.00M	$0.17
2024-12-31	$54.21B	$4.43B	$846.00M	$1.29
2023-12-31	$52.79B	$4.83B	$822.00M	$1.26
2022-12-31	$48.97B	$3.42B	$127.00M	$0.20
2021-12-31	$29.88B	$39.00M	-$1.99B	-$3.09
2020-12-31	$17.34B	-	-$8.88B	-$18.36
2019-12-31	$45.77B	$5.07B	$1.69B	$3.80
2018-12-31	$44.54B	$4.18B	$1.41B	$3.04
2017-12-31	$42.62B	$5.71B	$1.28B	$2.62
2016-12-31	$40.14B	$6.38B	$2.58B	$4.68

Margins and returns by year

Period end	Gross margin	Net margin	Return on capital
2025-12-31	6.34%	0.20%	4.19%
2024-12-31	8.16%	1.56%	6.85%
2023-12-31	9.16%	1.56%	7.71%
2022-12-31	6.99%	0.26%	4.09%
2021-12-31	0.13%	-6.67%	-1.36%
2020-12-31	-	-51.25%	-22.99%
2019-12-31	11.08%	3.68%	7.49%
2018-12-31	9.38%	3.17%	6.45%
2017-12-31	13.39%	3.01%	9.01%
2016-12-31	15.90%	6.44%	14.51%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$5.94B	$24.64B
2024-12-31	$7.08B	$24.62B
2023-12-31	$7.68B	$28.89B
2022-12-31	$9.11B	$31.84B
2021-12-31	$12.40B	$35.01B
2020-12-31	$6.90B	$29.32B
2019-12-31	$3.84B	$20.90B
2018-12-31	$4.77B	$20.57B
2017-12-31	$5.17B	$21.82B
2016-12-31	$6.47B	$22.49B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	-$680.00M	$57.00M
2024-12-31	$1.30B	$92.00M
2023-12-31	$1.21B	$102.00M
2022-12-31	-$373.00M	$78.00M
2021-12-31	$496.00M	$98.00M
2020-12-31	-$8.50B	$91.00M
2019-12-31	-$453.00M	$94.00M
2018-12-31	-$212.00M	$86.00M
2017-12-31	-$1.23B	$90.00M
2016-12-31	$793.00M	$100.00M

Dividend history

Most recent payment: Feb 4, 2020

Payment date	Dividend per share
2020-02-04	$0.10
2019-11-05	$0.10
2019-08-06	$0.10
2019-05-07	$0.10
2019-02-05	$0.10
2018-11-05	$0.10
2018-08-06	$0.10
2018-05-07	$0.10

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-22	Sep 2026	-$0.28
2026-07-23	Jun 2026	$0.03
2026-04-23	Mar 2026	-$0.45
2026-01-27	Dec 2025	$0.38
2025-10-23	Sep 2025	-$0.27
2025-07-24	Jun 2025	$0.79
2025-04-24	Mar 2025	-$0.69
2025-01-23	Dec 2024	$0.64

Filings and sources

Company website: aa.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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