AAL
American Airlines Group Inc.Stock · Consumer DiscretionaryRussell 1000 0.02% · US Stock Market 0.02% · Russell 3000 0.02%$12.96+0.15%
as of market close, Sep 18, 2026
☾ AH — —
AAL financial statements
The full income statement, balance sheet, and cash-flow statement for American Airlines Group Inc. (AAL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 656.7M2024-09 657.1M2024-12 657.6M2025-03 659.5M2025-06 659.8M2025-09 660.1M2025-12 660.3M2026-03 661.4M2026-06 661.9M+0.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 54.6B+0.8% | 54.2B+2.7% | 52.8B+7.8% | 49.0B+63.9% | 29.9B+72.4% | |
| Selling & marketing | 2.00B+10.2% | 1.81B+0.7% | 1.80B-0.9% | 1.81B+65.3% | 1.10B+64.9% | |
| Amortization of intangibles | — | — | 7.00M-82.9% | 41.0M+0.0% | 41.0M+0.0% | |
| Operating income | 1.47B-43.9% | 2.61B-13.8% | 3.03B+88.8% | 1.61B+251.7% | -1.06B+89.8% | |
| Interest expense | 1.72B-11.3% | 1.93B-9.8% | 2.15B+9.3% | 1.96B+9.0% | 1.80B+46.7% | |
| Interest & investment income | 357M-23.7% | 468M-20.8% | 591M+173.6% | 216M+1100.0% | 18.0M-56.1% | |
| Other non-operating income | 82.0M+1266.7% | 6.00M+101.7% | -359M-210.5% | 325M+10.9% | 293M+90.3% | |
| Gain (loss) on equity securities | 40.0M+600.0% | -8.00M+90.2% | -82.0M-15.5% | -71.0M-129.0% | -31.0M+77.0% | |
| Pre-tax income | 190M-83.5% | 1.15B+2.9% | 1.12B+502.7% | 186M+107.3% | -2.55B+77.8% | |
| Income tax | 79.0M-74.4% | 308M+3.0% | 299M+406.8% | 59.0M+110.6% | -555M+78.4% | |
| Net income | 111M-86.9% | 846M+2.9% | 822M+547.2% | 127M+106.4% | -1.99B+77.6% | |
| $0.17-86.3% | $1.24+2.5% | $1.21+536.8% | $0.19+106.1% | -$3.09+83.2% | ||
| EPS (basic) | $0.17-86.8% | $1.29+2.4% | $1.26+530.0% | $0.20+106.5% | -$3.09+83.2% | |
| Weighted-avg shares (basic) | 660M+0.5% | 657M+0.5% | 654M+0.5% | 650M+1.0% | 644M+33.1% | |
| Weighted-avg shares (diluted) | 661M-8.4% | 721M+0.2% | 720M+9.9% | 655M+1.7% | 644M+33.1% | |
| Dividends per share | — | — | — | — | $0.00-100.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 12.2B-7.2% | 13.2B-3.1% | 13.6B-11.1% | 15.3B-11.9% | 17.3B+56.3% | ||
| Cash & equivalents | 1.06B+17.1% | 902M+32.5% | 681M+16.2% | 586M+43.6% | 408M+2.3% | |
| Cash & short-term investments | — | — | — | — | 12.4B+79.7% | |
| Accounts receivable | 2.08B+3.4% | 2.01B-1.0% | 2.03B-5.2% | 2.14B+42.1% | 1.50B+12.1% | |
| Prepaid expenses | 767M-3.4% | 794M+20.7% | 658M-26.2% | 892M+45.0% | 615M-7.7% | |
| 61.8B-0.0% | 61.8B-2.0% | 63.1B-2.6% | 64.7B-2.6% | 66.5B+7.2% | ||
| Operating lease right-of-use | 7.09B-3.3% | 7.33B-7.6% | 7.94B-1.9% | 8.09B+3.1% | 7.85B-2.4% | |
| Goodwill | 4.09B+0.0% | 4.09B+0.0% | 4.09B+0.0% | 4.09B+0.0% | 4.09B+0.0% | |
| Intangible assets | 2.07B+1.1% | 2.04B-0.3% | 2.05B-0.4% | 2.06B+3.6% | 1.99B-2.0% | |
| Deferred tax assets | 2.37B-4.7% | 2.48B-14.0% | 2.89B-6.8% | 3.10B-12.9% | 3.56B+9.8% | |
| Other non-current assets | 9.94B-2.3% | 10.2B-5.7% | 10.8B-3.3% | 11.2B-5.0% | 11.7B+5.1% | |
| 24.5B+0.8% | 24.3B+10.1% | 22.1B+2.6% | 21.5B+13.1% | 19.0B+14.7% | ||
| Accounts payable | 2.84B+15.7% | 2.46B+4.3% | 2.35B+9.5% | 2.15B+21.3% | 1.77B+48.2% | |
| Short-term & current debt | 3.64B-29.9% | 5.20B+48.4% | 3.50B+14.4% | 3.06B+32.1% | 2.31B-14.2% | |
| Current lease liability | 1.06B-3.1% | 1.09B-16.6% | 1.31B-10.6% | 1.47B-2.8% | 1.51B-8.7% | |
| Finance lease liability (current) | 117M-11.4% | 132M+0.8% | 131M-39.4% | 216M+24.1% | 174M+74.0% | |
| Long-term debt | 24.6B+0.1% | 24.6B-14.8% | 28.9B-9.3% | 31.8B-9.0% | 35.0B+19.4% | |
| Deferred revenue (non-current) | 6.84B+5.2% | 6.50B+10.6% | 5.87B-1.7% | 5.98B-4.2% | 6.24B-12.9% | |
| Non-current lease liability | 5.91B-1.2% | 5.98B-7.4% | 6.45B-1.6% | 6.56B-0.8% | 6.61B-2.5% | |
| Operating lease liability (total) | 6.96B-1.5% | 7.07B-8.9% | 7.76B-3.3% | 8.02B-1.1% | 8.12B-3.7% | |
| Finance lease liability (total) | 727M+9.7% | 663M+31.0% | 506M-33.5% | 761M+3.3% | 737M+28.8% | |
| Finance lease liability | 610M+14.9% | 531M+41.6% | 375M-31.2% | 545M-3.2% | 563M+19.3% | |
| Other non-current liabilities | 1.44B-15.6% | 1.71B+9.7% | 1.56B+23.8% | 1.26B-5.3% | 1.33B-11.6% | |
| Total non-current liabilities | 41.0B-1.1% | 41.5B-10.2% | 46.2B-5.8% | 49.0B-10.6% | 54.8B+4.8% | |
| -3.73B+6.3% | -3.98B+23.5% | -5.20B+10.3% | -5.80B+21.0% | -7.34B-6.9% | ||
| Common stock | 7.00M+0.0% | 7.00M+0.0% | 7.00M+16.7% | 6.00M+0.0% | 6.00M+0.0% | |
| Additional paid-in capital | 7.39B-0.5% | 7.42B+0.7% | 7.37B+1.1% | 7.29B+0.8% | 7.23B+4.9% | |
| Retained earnings | -6.73B+1.6% | -6.84B+11.0% | -7.69B+9.7% | -8.51B+1.5% | -8.64B-29.6% | |
| Accumulated other comprehensive income | -4.39B+3.9% | -4.57B+6.7% | -4.89B-6.7% | -4.58B+22.8% | -5.94B+16.3% | |
| Total liabilities & equity | 61.8B-0.0% | 61.8B-2.0% | 63.1B-2.6% | 64.7B-2.6% | 66.5B+7.2% | |
| Common shares issued | 660M+0.4% | 658M+0.5% | 654M+0.6% | 651M+0.5% | 648M+4.2% | |
| Common shares outstanding | 660M+0.4% | 658M+0.5% | 654M+0.6% | 651M+0.5% | 648M+4.2% | |
| Shares outstanding (cover) | 660M+0.4% | 658M+0.4% | 655M+0.5% | 651M+0.3% | 649M+1.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.10B-22.2% | 3.98B+4.7% | 3.80B+75.0% | 2.17B+208.7% | 704M+110.8% | ||
| Depreciation & amortization | 2.20B+0.0% | 2.20B-4.3% | 2.30B+0.0% | 2.30B+0.0% | 2.30B-4.2% | |
| Intangible amortization | — | — | 7.00M-82.9% | 41.0M+0.0% | 41.0M+0.0% | |
| Share-based compensation | 57.0M-38.0% | 92.0M-9.8% | 102M+30.8% | 78.0M-20.4% | 98.0M+7.7% | |
| Deferred income taxes | 79.0M-74.4% | 308M+3.0% | 299M+360.0% | 65.0M+111.7% | -555M+78.4% | |
| Change in receivables | 74.0M+311.4% | -35.0M+63.2% | -95.0M-114.9% | 637M+109.5% | 304M+156.5% | |
| Change in payables | 335M+30.4% | 257M+23.0% | 209M-41.9% | 360M | — | |
| -1.89B-95.7% | -968M-92.8% | -502M-178.9% | 636M+110.6% | -5.98B-37.8% | ||
| Capital expenditure | 3.78B+40.8% | 2.68B+3.4% | 2.60B+2.0% | 2.55B+1124.0% | 208M-89.4% | |
| Free cash flow | -680M-152.3% | 1.30B+7.7% | 1.21B+423.6% | -373M-175.2% | 496M+105.8% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | — | — | — | 61.0M-68.4% | 193M-45.0% | |
| Other investing activities | -254M-290.8% | -65.0M+76.4% | -275M-176.4% | 360M+90.5% | 189M+225.2% | |
| -1.05B+62.4% | -2.79B+12.9% | -3.21B-21.9% | -2.63B-149.8% | 5.29B-51.9% | ||
| Long-term debt issued | 3.77B+125.9% | 1.67B-65.4% | 4.82B+351.1% | 1.07B-91.2% | 12.2B+3.5% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00-100.0% | 21.0M+16.7% | 18.0M-89.6% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Other financing activities | -160M-125.4% | -71.0M+77.1% | -310M-696.2% | 52.0M+373.7% | -19.0M-121.6% | |
| Net change in cash | 154M-30.3% | 221M+132.6% | 95.0M-46.6% | 178M+1877.8% | 9.00M-91.7% | |
| Interest paid | 1.70B-12.3% | 1.93B-11.3% | 2.18B+17.7% | 1.85B+13.5% | 1.63B+72.9% | |
| Income taxes paid | — | 8.00M+33.3% | 6.00M+200.0% | 2.00M-33.3% | 3.00M-50.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 10.1B-11.7% | 11.5B+27.6% | 8.98B+8.6% | 8.27B-29.1% | 11.7B+15.6% | |
| P/E | 91.2×+573.1% | 13.5×+142.3% | 5.6× | — | — | |
| P/S | 0.2×-12.4% | 0.2×+24.6% | 0.2×-7.2% | 0.2×-53.1% | 0.4×-32.9% | |
| P/FCF | — | 8.8×+151.1% | 3.5× | — | 23.5× | |
| Earnings yield | 1.1%-85.1% | 7.4%-58.7% | 17.9% | — | — | |
| FCF yield | — | 11.3%-60.2% | 28.5% | — | 4.3% | |
| Dividend yield | — | — | — | — | 0.00%-100.0% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AAL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AAL filings on SEC EDGAR → Not investment advice.