American Airlines Group Inc.
AAL- Exchange
- Nasdaq
- Industry
- Air Transportation, Scheduled
- SEC CIK
- 0000006201
No open-market purchases or sales by American Airlines Group Inc. insiders were filed in the last 90 days; 585 institutions reported holding it in 13F filings for Q2 2026, worth $9.33B in total; Appaloosa is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 28, 2026, 12:32 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 27, 2026 | Jan 23, 2025 | Jan 25, 2024 | Jan 26, 2023 | Jan 11, 2022 |
| Revenue | $54.6B | $54.2B | $52.8B | $49.0B | $29.9B |
| Operating income | $1.47B | $2.61B | $3.03B | $1.61B | -$1.06B |
| Interest expense | – | – | $2.15B | $1.96B | $1.80B |
| Income tax | $79.0M | $308.0M | $299.0M | $59.0M | -$555.0M |
| Net income | $111.0M | $846.0M | $822.0M | $127.0M | -$1.99B |
| EPS, basic | $0.17 | $1.29 | $1.26 | $0.20 | $-3.09 |
| EPS, diluted | $0.17 | $1.24 | $1.21 | $0.19 | $-3.09 |
| Weighted shares, basic | 660.0M | 657.0M | 653.6M | 650.3M | 644.0M |
| Weighted shares, diluted | 661.1M | 721.3M | 719.7M | 655.1M | 644.0M |
| Margins and growth | |||||
| Operating margin | 2.7% | 4.8% | 5.7% | 3.3% | -3.5% |
| Net margin | 0.2% | 1.6% | 1.6% | 0.3% | -6.7% |
| Revenue growth, year over year | +0.8% | +2.7% | +7.8% | +63.9% | +72.4% |
| Net income growth, year over year | −86.9% | +2.9% | +547.2% | – | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 27, 2026 | Jan 23, 2025 | Jan 25, 2024 | Jan 26, 2023 | Jan 11, 2022 |
| Cash and equivalents | $954.0M | $804.0M | $578.0M | $440.0M | $273.0M |
| Accounts receivable | $2.08B | $2.01B | $2.03B | $2.14B | $1.50B |
| Total current assets | $12.2B | $13.2B | $13.6B | $15.3B | $17.3B |
| Goodwill | $4.09B | $4.09B | $4.09B | $4.09B | $4.09B |
| Intangible assets | $2.07B | $2.04B | $2.05B | $2.06B | $1.99B |
| Total assets | $61.8B | $61.8B | $63.1B | $64.7B | $66.5B |
| Accounts payable | $2.84B | $2.46B | $2.35B | $2.15B | $1.77B |
| Short-term debt | $3.64B | $5.20B | $3.50B | $3.06B | $2.31B |
| Total current liabilities | $24.5B | $24.3B | $22.1B | $21.5B | $19.0B |
| Long-term debt | $24.6B | $24.6B | $28.9B | $31.8B | $35.0B |
| Shareholders' equity | -$3.73B | -$3.98B | -$5.20B | -$5.80B | -$7.34B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 27, 2026 | Jan 23, 2025 | Jan 25, 2024 | Jan 26, 2023 | Jan 11, 2022 |
| Operating cash flow | $3.10B | $3.98B | $3.80B | $2.17B | $704.0M |
| Capital expenditures | $3.78B | $2.68B | $2.60B | $2.55B | $208.0M |
| Free cash flow | -$680.0M | $1.30B | $1.21B | -$373.0M | $496.0M |
| Depreciation and amortization | $2.20B | $2.20B | $2.30B | $2.30B | $2.30B |
| Stock-based compensation | $57.0M | $92.0M | $102.0M | $78.0M | $98.0M |
| Share buybacks | – | – | – | $21.0M | $18.0M |
| Investing cash flow | -$1.89B | -$968.0M | -$502.0M | $636.0M | -$5.98B |
| Financing cash flow | -$1.05B | -$2.79B | -$3.21B | -$2.63B | $5.29B |
| Net change in cash | $154.0M | $221.0M | $95.0M | $178.0M | $9.00M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.1% | 0.2% | 0.2% | 0.2% | 0.3% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Jul 17, 2027 | 662.0M | – | SEC |
| Apr 17, 2026 | 661.4M | +0.3% | SEC |
| Feb 13, 2026 | 660.3M | +0.4% | SEC |
| Oct 17, 2025 | 660.1M | +0.4% | SEC |
| Jul 18, 2025 | 659.8M | +0.5% | SEC |
| Apr 17, 2025 | 659.5M | +0.5% | SEC |
| Feb 14, 2025 | 657.6M | +0.4% | SEC |
| Oct 18, 2024 | 657.1M | +0.5% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.