Saturday 17 October 2026 Export AAL’s income statement to Excel — free account

American Airlines Group Inc.

American Airlines Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $54.6 billion, up 0.78% from fiscal 2024. In the quarter to June 2026, revenue grew 16.3%, EPS fell 87.9%, free cash flow fell 175.7% and total debt fell 3.19%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five.

11.88 0.40 −3.26%

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Market cap: $8.1B
P/E: 0.0×
Fwd P/E: −73.8×
Dividend yield: —
F-score: 4/9
Altman Z: 0.66
Beneish M: −2.65
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 7.02

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	2	—	—	—	—	—	1	4	—	—	—

Insider Ownership 1.55%

Capital & Financial Ratios $m

Market Cap 8,130.00

Revenue 58,337.00

Net Income 111.00

Free Cash Flow 285.00

Net Debt 20,448.00

Current Ratio 0.53

Debt/Equity (7.28)

P/E ratio 0.00

Fwd P/E (73.80)

P/S ratio 0.13

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth (361.08%)

Next Y EPS Growth 227.91%

Next Y revenue growth 15.96%

Next 5Y EPS Growth 105.86%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 6.34%

10-year low 10-year high

EV/Sales against its own 10 years 0.29%

10-year low 10-year high

EV/FCF against its own 10 years 68.41%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	0.10	0.10
2019	0.40	0.10 0.10 0.10 0.10
2018	0.40	0.10 0.10 0.10 0.10
2017	0.40	0.10 0.10 0.10 0.10
2016	0.40	0.10 0.10 0.10 0.10

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	8,488	7,716	6,571	8,479
Receivables	2,026	2,006	2,075	1,893
Inventory	2,400	2,638	2,792	3,107
Other	—	—	—	—
	13,572	13,154	12,205	14,276

	2023	2024	2025	Q'26
Payables	2,353	2,455	2,840	3,637
ST’ Debt	3,632	5,322	3,753	3,094
Other	9,653	10,389	11,797	13,904
	22,062	24,295	24,492	26,756

Compound Annual Growth %

	10y	5y	3y
Sales	2.91%	25.80%	3.71%
Cash Flow	(6.77%)	0.00%	12.56%
Earnings	(34.48%)	0.00%	(4.39%)
Book Value	0.00%	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	13,912	16,735	—	—	—
’25	12,551	14,392	13,691	13,999	54,633
’24	12,570	14,334	13,647	13,660	54,211
’23	12,189	14,055	13,482	13,062	52,788
’22	8,899	13,422	13,462	13,188	48,971
’21	4,008	7,478	8,969	9,427	29,882
’20	8,515	1,622	3,173	4,027	17,337

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	4,223	471	—	—	—
’25	2,456	963	(46)	(274)	3,099
’24	2,180	1,128	277	398	3,983
’23	3,333	1,763	58	(1,351)	3,803
’22	1,185	1,739	(593)	(158)	2,173
’21	174	3,470	(1,740)	(1,200)	704
’20	(168)	(908)	(2,604)	(2,863)	(6,543)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	3,412	(351)	—	—	—
’25	1,632	464	(872)	(1,904)	(680)
’24	1,356	477	(191)	(342)	1,300
’23	2,828	1,024	(451)	(2,194)	1,207
’22	378	1,160	(1,067)	(844)	(373)
’21	301	3,622	(1,863)	(1,190)	870
’20	(978)	(1,183)	(3,078)	(2,911)	(8,150)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.58)	0.11	—	—	—
’25	(0.72)	0.91	(0.17)	0.15	0.17
’24	(0.48)	1.01	(0.23)	0.84	1.24
’23	0.02	1.88	(0.83)	0.03	1.21
’22	(2.52)	0.68	0.69	1.14	0.19
’21	(1.97)	0.03	0.25	(1.44)	(3.09)
’20	(5.26)	(4.82)	(4.71)	(3.81)	(18.36)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	24.85	39.21	29.59	24.23	8.25	14.71	11.65	10.86	9.07	8.50	Analyst estimates 2026–2028 Powerpack
	High	50.64	54.48	59.08	37.23	30.78	26.09	21.42	19.08	18.20	19.10
People
People	Employees	122,300	103,100	128,900	133,700	102,700	123,400	129,700	132,100	133,300	139,100
	Revenue/emp, $m	0.33	0.41	0.35	0.34	0.17	0.24	0.38	0.40	0.41	0.39
Income, $m
Income, $m	Revenue	40,142	42,622	44,541	45,768	17,337	29,882	48,971	52,788	54,211	54,633
	Gross margin, %	33.01	30.58	22.57	28.65	(29.91)	6.85	22.49	26.04	24.70	22.63
	EBT	4,152	3,395	1,884	2,256	(11,453)	(2,548)	186	1,121	1,154	190
	EBT margin, %	10.34	7.97	4.23	4.93	(66.06)	(8.53)	0.38	2.12	2.13	0.35
	Net income	2,584	1,282	1,412	1,686	(8,885)	(1,993)	127	822	846	111
	Depreciation	1,699	2,017	2,159	2,318	2,370	2,335	2,298	2,254	2,245	2,219
Per share, $
Per share, $	Revenue	72.68	87.13	95.94	103.23	35.83	46.40	75.30	80.76	82.51	82.78
	Earnings	4.85	2.62	3.04	3.80	(18.36)	(3.09)	0.20	1.26	1.29	0.17
	Cash flow	11.81	9.70	7.61	8.60	(13.52)	1.09	3.34	5.82	6.06	4.70
	Capex	(10.15)	(12.01)	(7.83)	(9.50)	(3.32)	0.26	(3.91)	(3.97)	(4.08)	(5.73)
	Free cash flow	1.66	(2.32)	(0.22)	(0.90)	(16.84)	1.35	(0.57)	1.85	1.98	(1.03)
	Book value	6.85	(1.59)	(0.36)	(0.27)	(14.19)	(11.40)	(8.92)	(7.96)	(6.05)	(5.65)
	Shares, m	552	489	464	443	484	644	650	654	657	660
Valuation, ×
Valuation, ×	P/E	9.91	21.83	10.56	7.53	0.00	0.00	70.78	10.62	13.62	90.18
	P/S	0.64	0.61	0.33	0.28	0.44	0.39	0.17	0.17	0.21	0.19
	P/B	6.76	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	EV/Sales	1.07	1.07	0.77	0.72	1.89	1.21	0.69	0.63	0.63	0.60
	EV/FCF	46.75	(40.25)	(341.24)	(82.82)	(4.02)	41.62	(91.12)	27.51	26.32	(47.87)
Cash, $m
Cash, $m	Operating cash flow	6,524	4,744	3,533	3,815	(6,543)	704	2,173	3,803	3,983	3,099
	Capex	(5,606)	(5,877)	(3,634)	(4,214)	(1,607)	166	(2,546)	(2,596)	(2,683)	(3,779)
	Free cash flow	918	(1,133)	(101)	(399)	(8,150)	870	(373)	1,207	1,300	(680)
Balance, $m
Balance, $m	Working capital	(3,548)	(6,212)	(9,459)	(10,105)	(5,474)	(1,670)	(6,227)	(8,490)	(11,141)	(12,287)
	Total debt	24,344	25,065	24,473	24,315	32,593	38,060	35,663	32,902	30,476	29,007
	Net debt	17,347	19,681	19,559	20,331	25,120	24,639	25,703	24,414	22,760	22,436
	Shareholders’ equity	3,785	(780)	(169)	(118)	(6,867)	(7,340)	(5,799)	(5,202)	(3,977)	(3,727)
Returns, %
Returns, %	ROA	5.18	2.46	2.49	2.80	(14.57)	(3.10)	0.19	1.29	1.36	0.18
	ROIC	14.97	13.99	8.56	9.48	(35.68)	(3.83)	5.05	9.87	8.70	4.90
	ROE	54.86	85.32	(297.58)	(1,174.91)	254.40	28.06	(1.93)	(14.94)	(18.43)	(2.88)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
RYAAY Ryanair Holdings PLC	$27.0B	5.3×	—	+3.52% (above 0%: growing)	−72.60% (below 0%: shrinking)	−10.66% (below 0%: shrinking)	49.61%	13.12%	Compare
LUV Southwest Airlines Co.	$20.0B	23.8×	15.0×	+16.40% (above 0%: growing)	+20.00% (above 0%: growing)	+86.75% (above 0%: growing)	21.20%	3.38%	Compare
ZNH China Southern Airlines Company Limited	$17.7B	— (loss-making)	—	−21.77% (below 0%: shrinking)	n/m	+258.94% (above 0%: growing)	10.93%	3.41%	Compare
LTM LATAM Airlines Group S.A.	$13.9B	8.7×	8.8×	+27.15% (above 0%: growing)	−45.68% (below 0%: shrinking)	−20.71% (below 0%: shrinking)	16.27%	5.29%	Compare
AAL American Airlines Group Inc.	$8.1B	— (loss-making)	— (loss-making)	+16.28% (above 0%: growing)	−87.91% (below 0%: shrinking)	−175.65% (below 0%: shrinking)	20.73%	2.67%
CPA Copa Holdings, S.A.	$5.5B	8.7×	8.2×	+25.72% (above 0%: growing)	−53.74% (below 0%: shrinking)	+207.63% (above 0%: growing)	50.85%	8.65%	Compare
ALK Alaska Air Group, Inc.	$4.1B	— (loss-making)	— (loss-making)	+9.75% (above 0%: growing)	n/m	−14.61% (below 0%: shrinking)	100.00%	(4.13%)	Compare
SKYW SkyWest, Inc.	$3.6B	8.9×	7.8×	+6.52% (above 0%: growing)	−14.43% (below 0%: shrinking)	+122.47% (above 0%: growing)	69.52%	14.13%	Compare
AERO Grupo Aeromexico SAB DE CV - Sponsored ADR	$2.2B	8.4×	9.1×	+6.26% (above 0%: growing)	n/m	+81.61% (above 0%: growing)	66.60%	4.53%	Compare
Median of peers	$9.7B	8.7×	8.8×	+8.14%	−45.68%	+84.18%	50.23%	4.91%

All 19 Airlines stocks →