Tearsheet
Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. AAL Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

American Airlines (AAL)

Market Price (9/18/2025): $12.52 | Market Cap: $8.3 Bil
Sector: Industrials | Industry: Passenger Airlines

American Airlines (AAL)

Market Price (9/18/2025): $12.52
Market Cap: $8.3 Bil
Sector: Industrials
Industry: Passenger Airlines

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, FCF Yield is 19%		 Weak multi-year price returns
2Y Excs Rtn is -54%, 3Y Excs Rtn is -74%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 347%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -35%		  
2 Attractive cash flow generation
CFO LTM is 4.1 Bil		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, FCF Yield is 19%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -35%
2 Attractive cash flow generation
CFO LTM is 4.1 Bil
3 Weak multi-year price returns
2Y Excs Rtn is -54%, 3Y Excs Rtn is -74%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 347%

Market Valuation

 9/18/252024202320222021
Share Price CYE$12.52$17.43$13.74$12.72$17.96
Market Cap CYE ($ Bil)8.311.59.08.311.7
Total Debt ($ Bil)37.237.540.743.746.2
Total Cash ($ Bil)8.67.07.69.012.4
Enterprise Value ($ Bil)36.949.049.752.057.9
Valuation Ratios     
P/S TTM0.10.20.20.20.4
P/EBIT TTM3.23.72.83.9-15.5
P/E TTM14.613.510.965.1-5.8
Sector Ratios     
P/S TTM (Sector)1.71.41.41.11.6
P/EBIT TTM (Sector)11.310.210.08.312.1
P/E TTM (Sector)16.613.713.911.215.6
 9/18/2520242023
Share Price CYE$12.52$17.43$13.74
Market Cap CYE ($ Bil)8.311.59.0
Total Debt ($ Bil)37.237.540.7
Total Cash ($ Bil)8.67.07.6
Enterprise Value ($ Bil)36.949.049.7
Valuation Ratios   
P/S TTM0.10.20.2
P/EBIT TTM3.23.72.8
P/E TTM14.613.510.9
Sector Ratios   
P/S TTM (Sector)1.71.41.4
P/EBIT TTM (Sector)11.310.210.0
P/E TTM (Sector)16.613.713.9

Market Cap Chart

Business Description

American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. 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, Madrid, Seattle/Tacoma, Sydney, and Tokyo. As of December 31, 2021, it operated a mainline fleet of 865 aircraft. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
AAL Return-45%14%-29%8%27%-28%-55%
Peers Return-33%1%-20%4%60%-7%-16%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: DAL, UAL, LUV, AAL, ALK. See AAL Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)

Interactive Breakdown

American Airlines Interactive Breakdown Analysis

Better Bets than American Airlines (AAL)

 AALBetter Performance than AAL
MetricValueIndustry (Passenger Airlines)
Rev Chg LTM1.5%DAL (3.0%), UAL (4.2%), LUV (1.6%), AL (6.2%), ALK (27.8%)
Rev Chg 3Y Avg10.8%DAL (14.7%), UAL (18.8%), ALK (18.6%), CPA (16.9%), ULCC (12.0%)
Op Mgn LTM5.1%DAL (9.3%), UAL (9.3%), AL (21.2%), ALK (6.0%), CPA (22.1%)
CFO/Rev LTM7.5%DAL (12.0%), UAL (16.6%), AL (61.0%), ALK (10.6%), CPA (29.1%)
FCF/Rev LTM2.9%DAL (3.8%), UAL (7.0%), CPA (29.1%), SKYW (6.6%), ALGT (3.9%)
Total Yield6.9%DAL (12.3%), UAL (9.7%), AL (15.1%), CPA (13.1%), SKYW (9.7%)
 AALBetter Performance than AAL
MetricValueAll Other Sectors
Rev Chg LTM1.5%NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), AMZN (10.9%)
Rev Chg 3Y Avg10.8%NVDA (92.0%), MSFT (12.5%), AMZN (11.3%), META (13.0%), AVGO (24.0%)
Op Mgn LTM5.1%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), AMZN (11.4%)
CFO/Rev LTM7.5%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), AMZN (18.1%)
FCF/Rev LTM2.9%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield6.9%XOM (9.7%), JNJ (8.1%), BAC (7.1%), BABA (37.9%), UNH (9.4%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1American Airlines Earnings Notes  
2Why DAL With 8.3% Upside May Beat AAL?Peer Comparison 
3How Does AAL Stack Up Against Its Peers?Peer Comparison 
4AAL Fell 5.8% In A Month. What To Do Now?Return 
5AAL Dip Buy Analysis  
6Time To Buy American Airlines Stock?Buy or Fear 
7American Airlines Total Shareholder Return (TSR): 26.9% in 2024 and -1.0% 3-yr compounded annual returns (below peer average)  
8American Airlines (AAL) Operating Cash Flow ComparisonFinancials 
9American Airlines (AAL) Net Income ComparisonFinancials 
10American Airlines (AAL) Operating Income ComparisonFinancials 
11ARTICLES  
12Is It Time To Buy American Airlines Stock? September 17th, 2025
13AAL Fell 5.6% In A Day. Just a Blip, or the Start? July 14th, 2025
14American Airlines: An Unattractive Investment Despite Low Valuation June 12th, 2025
15Should You Pick American Airlines Stock At $17? December 19th, 2024
16What’s Happening With American Airlines Stock? September 3rd, 2024

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8CHEKCheck-Cap222.2%134.4%
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10SPRCSciSparc147.0%1141.7%

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1CURXCuranex Pharmaceuticals-80.5%148.4%
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6FAASDigiAsia-55.4%-88.0%
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10RBNERobin Energy-42.6% 

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10NEONNeonode-82.5%-51.0%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1ECDAECD Automotive Design3347.2%307.9%
2BDSXBiodesix1090.6%-79.7%
3CLSDClearside Biomedical987.7%-74.7%
4ATHAAthira Pharma892.1%544.3%
5SDOTSadot690.6%-79.9%
6ATCHAtlasClear684.9%-83.1%
7HSDTHelius Medical Technologies232.1%-95.5%
8CHEKCheck-Cap222.2%134.4%
9APLMApollomics197.8%89.1%
10SPRCSciSparc147.0%1141.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1CURXCuranex Pharmaceuticals-80.5%148.4%
2ATYRaTyr Pharma-80.4%-71.7%
3NAKAKindly MD-70.2% 
4BNGOBionano Genomics-64.0%-89.8%
5XAGELongevity Health-57.6%-86.1%
6FAASDigiAsia-55.4%-88.0%
7ASSTStrive-54.5%650.3%
8VCIGVCI Global-51.0%-98.9%
9REXREX American Resources-50.7%44.3%
10RBNERobin Energy-42.6% 

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for American Airlines

Financials

AALDALUALLUVALKMedian
NameAmerican.Delta Ai.United A.Southwes.Alaska A. 
Mkt Price12.4858.82105.5132.1258.4958.49
Mkt Cap8.238.234.217.37.017.3
Rev LTM54,25061,92457,98627,47213,44754,250
Op Inc LTM2,7445,7855,4043188062,744
FCF LTM1,5632,3324,044-273-81,563
FCF 3Y Avg9041,4141,670-1,171-341904
CFO LTM4,0947,4039,6491,8501,4274,094
CFO 3Y Avg3,4856,9278,0611,9001,1773,485

Growth & Margins

AALDALUALLUVALKMedian
NameAmerican.Delta Ai.United A.Southwes.Alaska A. 
Rev Chg LTM1.5%3.0%4.2%1.6%27.8%3.0%
Rev Chg 3Y Avg10.8%14.7%18.8%9.3%18.6%14.7%
Rev Chg Q0.4%-0.1%1.7%-1.5%27.9%0.4%
QoQ Delta Rev Chg LTM0.1%-0.0%0.4%-0.4%6.4%0.1%
Op Mgn LTM5.1%9.3%9.3%1.2%6.0%6.0%
Op Mgn 3Y Avg6.6%9.5%9.5%0.7%7.2%7.2%
QoQ Delta Op Mgn LTM-0.4%-0.3%-0.4%-0.6%-1.5%-0.4%
CFO/Rev LTM7.5%12.0%16.6%6.7%10.6%10.6%
CFO/Rev 3Y Avg6.5%11.7%14.7%7.3%10.3%10.3%
FCF/Rev LTM2.9%3.8%7.0%-1.0%-0.1%2.9%
FCF/Rev 3Y Avg1.7%2.3%3.0%-4.5%-3.3%1.7%

Valuation

AALDALUALLUVALKMedian
NameAmerican.Delta Ai.United A.Southwes.Alaska A. 
Mkt Cap8.238.234.217.37.017.3
P/S0.20.60.60.60.50.6
P/EBIT3.26.06.125.911.56.1
P/E14.58.510.444.122.214.5
P/CFO2.05.23.59.34.94.9
Total Yield6.9%12.3%9.7%4.7%4.5%6.9%
Dividend Yield0.0%0.5%0.0%2.5%0.0%0.0%
FCF Yield 3Y Avg9.0%4.5%6.8%-6.2%-5.6%4.5%
D/E4.50.61.00.30.90.9
Net D/E3.50.50.50.10.60.5

Returns

AALDALUALLUVALKMedian
NameAmerican.Delta Ai.United A.Southwes.Alaska A. 
1M Rtn-5.2%-3.7%3.1%3.2%1.9%1.9%
3M Rtn18.0%24.1%42.0%3.7%24.8%24.1%
6M Rtn8.7%24.0%41.8%-3.3%8.1%8.7%
12M Rtn11.7%27.5%100.4%15.5%42.7%27.5%
3Y Rtn-9.2%87.7%181.5%-1.0%31.8%31.8%
1M Excs Rtn-7.6%-6.1%0.7%0.8%-0.4%-0.4%
3M Excs Rtn7.9%14.4%32.9%-7.0%14.9%14.4%
6M Excs Rtn-4.8%11.4%30.3%-17.3%-5.8%-4.8%
12M Excs Rtn-0.6%14.4%92.8%-2.8%23.1%14.4%
3Y Excs Rtn-74.3%21.3%108.4%-71.9%-35.7%-35.7%

Comparison Analyses

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date7/24/20254/24/20252/19/202510/24/20247/25/20244/25/20242/21/202410/19/20237/20/20234/27/20232/22/202310/20/2022
Key Financials Quarterly            
Total Revenue14,39212,55113,66013,64714,33412,57013,06213,48214,05512,18913,18813,462
Ebitda1,271-2201,2652241,51484551-1532,3115571,5421,157
Operating Income1,182-2001,1196431,384776657262,1634511,386967
Net Income599-473590-149717-31219-5451,33810803483
EPS0.91-0.720.90-0.231.09-0.480.03-0.832.050.021.230.74
Key Financials TTM            
Total Revenue TTM54,25054,19254,21153,61353,44853,16952,78852,91452,89452,26148,97145,210
Ebitda TTM2,5402,7833,0872,3731,9962,7933,2664,2575,5674,3272,147-118
Operating Income TTM2,7442,9463,2232,7692,8523,6314,0054,7264,9673,8161,799-387
Net Income TTM567685846275-1215008221,6062,6341,772127-1,608
Growth Rates Quarterly            
Total Revenue Growth0.4%-0.2%4.6%1.2%2.0%3.1%-1.0%0.1%4.7%37.0%39.9%50.1%
EBITDA Growth-16.1%-361.9%129.6%246.4%-34.5%-84.9%-64.3%-113.2%115.8%134.3%313.3%69.6%
Operating Income Growth-14.6%-359.7%68.3%-11.4%-36.0%-82.9%-52.0%-24.9%113.7%128.8%273.2%344.8%
Net Income Growth-16.5%-51.6%3005.3%72.7%-46.4%-3220.0%-97.6%-212.8%181.1%100.6%186.2%185.8%
Margins Quarterly            
EBITDA Margin8.8%-1.8%9.3%1.6%10.6%0.7%4.2%-1.1%16.4%4.6%11.7%8.6%
Operating Income Margin8.2%-1.6%8.2%4.7%9.7%0.6%5.1%5.4%15.4%3.7%10.5%7.2%
Net Income Margin4.2%-3.8%4.3%-1.1%5.0%-2.5%0.1%-4.0%9.5%0.1%6.1%3.6%
Cash & Debt            
Total Cash8,5737,4666,9848,4728,4468,3007,57810,58212,06111,4938,96511,232
Total Debt37,20136,60037,54439,17339,44740,06040,66341,20542,58342,92943,68744,682
Net Debt / (Cash)28,62829,13430,56030,70131,00131,76033,08530,62330,52231,43634,72233,450
Cash Flows Quarterly            
FCF from Operations9632,4563982771,1282,180-1,351581,7633,333-158-593
Cash Flows TTM            
FCF from Operations TTM4,0944,2593,9832,2342,0152,6503,8034,9964,3454,3212,1731,131
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC10.7%-1.8%9.9%4.5%11.5%0.7%4.4%6.9%19.7%3.1%11.8%8.1%
Return on Invested Capital (ROIC) TTM            
ROIC TTM6.8%6.9%7.1%5.9%8.5%7.7%8.2%10.9%11.4%8.7%3.3%-0.9%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Scheduled air transportation for passengers and cargo, and includes American’s loyalty program52,78848,971   
Cargo  1,314769863
Other revenue  2,5052,0502,888
Passenger revenue  26,06314,51842,010
Total52,78848,97129,88217,33745,761


Price Behavior

AAL Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta3.033.123.201.971.661.49
Up Beta5.214.805.012.172.041.66
Down Beta2.182.272.971.611.561.45
Up Capture334%284%256%229%171%226%
Bmk +ve Days10223571142415
Stock +ve Days11223364129375
Down Capture130%198%250%168%118%107%
Bmk -ve Days11192754106334
Stock -ve Days9182859113364

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity65,925,377
Short Interest: % Change Since 81520251.3%
Average Daily Volume62,785,118
Days-to-Cover Short Interest1.05
Basic Shares Quantity660,127,000
Short % of Basic Shares10.0%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/24/2025-9.6%-9.2%-0.9%
4/24/20253.1%6.8%22.3%
1/23/2025-8.7%-7.1%-18.4%
10/24/2024-0.4%8.7%10.7%
7/25/20244.2%4.6%-0.3%
4/25/20241.5%-2.4%-0.7%
1/25/202410.3%2.2%8.6%
10/19/20230.8%-2.8%7.3%
...
SUMMARY STATS   
# Positive181414
# Negative61010
Median Positive3.1%6.5%9.4%
Median Negative-5.6%-5.9%-2.6%
Max Positive10.3%15.4%26.4%
Max Negative-9.6%-26.8%-19.1%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025724202510-Q 6/30/2025
3312025424202510-Q 3/31/2025
12312024219202510-K 12/31/2024
93020241024202410-Q 9/30/2024
6302024725202410-Q 6/30/2024
3312024425202410-Q 3/31/2024
12312023221202410-K 12/31/2023
93020231019202310-Q 9/30/2023
6302023720202310-Q 6/30/2023
3312023427202310-Q 3/31/2023
12312022222202310-K 12/31/2022
93020221020202210-Q 9/30/2022
6302022721202210-Q 6/30/2022
3312022421202210-Q 3/31/2022
12312021222202210-K 12/31/2021
93020211021202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Owens AngelaSVP Corporate Controller1282025Sell17.1551,906890,3121,928,136Form
1Isom Robert D JrCEO and President12302024Sell17.21102,4411,763,51251,093,548Form

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