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MARKETS / NASDAQ / AAL
NASDAQ · AIR TRANSPORTATION, SCHEDULED · LARGE CAP

American Airlines Group Inc. AAL

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$54.6B
▲ 0.8% YoY
$111.0M
▼ 86.9% YoY
$-680.0M
▼ 152.3% YoY
In brief

What this company does

American Airlines Group operates a network air carrier that provides scheduled air transportation for passengers and cargo through hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C., and through partner gateways including London, Doha, Madrid, Seattle/Tacoma, Sydney and Tokyo. It provides service to over 350 destinations around the world, and approximately 224 million passengers boarded its flights in 2025. Its mainline fleet comprised 1,013 aircraft at the end of that year, with a further 567 regional aircraft operated by its wholly-owned regional airline subsidiaries and by third-party regional carriers. As of December 31, 2025, it had approximately 139,100 active full-time equivalent employees, approximately 86% of whom were represented by labor unions. Its principal wholly-owned subsidiaries are American Airlines, Inc., Envoy Aviation Group Inc., PSA Airlines, Inc. and Piedmont Airlines, Inc. The regional carriers that fly under the American Eagle brand name include the wholly-owned Envoy Air Inc., PSA and Piedmont, along with third-party carriers such as Republic Airways Inc. and SkyWest Airlines, Inc. Its cargo division carries freight and mail, serving over 20,000 unique origin and destination pairs and transporting approximately 1.0 billion pounds of freight and mail across the network during the year.

Written from the business description in American Airlines Group Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth
USD 54.6B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 54.6 · Net income 0.1
20B40B-4B-8B2008201120142017202020232025
Compound annual growth
+3.7%
+25.8%
+2.9%
+6.2%
−4.4%
−34.5%
−3.6%
−74.6%
−59.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +25.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
0 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 2.7% · Net 0.2%
5%10%15%-20%-40%-60%2008201120142017202020232025
ROE
FY2016 · ROE 96.6%
50%100%150%2008201120142017202020232025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -0.7
0.5B1.0B-4.0B-8.0B2008201120142017202020232025
Net buybacks $B Dividends $B
FY2022 · Dividends — · Net buybacks 0.0
2B4BDividendsNet buybacks201420152016201720182019202020212022

Total assetsUSD 61.8B
EquityUSD -3.7B
CashUSD 1.1B
Gross debtUSD 28.3B
Net debtUSD 27.2B
Current ratio0.50×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B54.654.252.849.029.917.345.844.542.640.141.042.626.724.924.022.219.923.8
Operating income $B1.52.63.01.6−1.1−10.43.12.74.25.16.24.21.40.1−1.00.3−1.0−1.9
EBITDA $B3.74.85.33.91.2−8.05.75.16.47.07.9·2.41.20.01.3−0.0−0.8
Income tax $B0.10.30.30.1−0.6−2.60.60.52.11.6−3.00.3−0.3−0.60.0−0.0−0.30.0
Net income $B0.10.80.80.1−2.0−8.91.71.41.32.67.62.9−1.8−1.9−2.0−0.5−1.5−2.1
Free cash flow $B−0.71.31.2−0.40.5−8.5−0.5−0.2−1.20.80.1−2.2−2.4−0.6−0.9−0.7−0.6−2.3
EPS, diluted $0.171.241.210.19−3.09−18.363.793.032.614.6511.073.93−6.54−7.52−15.83−1.41−4.99−8.16
Dividend / sh $····0.000.100.400.400.400.400.400.20······
Payout %·····−0111315945······
ROE %·········96.6198.8·······
Shares out B0.660.660.650.650.650.620.430.460.480.510.620.700.53·····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 69 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityAir Transportation, Scheduled
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2008

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