American Airline (AAL) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 23, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AAL SEC filings page.
American Airline (AAL) reported $58.3B in revenue over the twelve months to Jun 30, 2026, up 7.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
American Airlines’ dominant mechanic is heavy capital reinvestment consuming cash while modest operating profits coexist with a shrinking liquidity cushion.
Revenue barely changed from FY2024 to FY2025 while operating margin fell from4.8% to2.7% , indicating weaker conversion of sales into profit rather than a volume problem. That deterioration coincided with free cash flow swinging from$1.3B positive to-$680M , showing operating pressure reached cash generation rather than staying confined to accounting margins.
Capital intensity is constraining cash conversion: FY2025 capital expenditures of
The balance sheet remains structurally leveraged: total liabilities exceeded total assets in FY2025, leaving negative equity of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of American Airline's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
American Airline has an operating margin of 2.7%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 42/100, indicating healthy but not exceptional operating efficiency. This is down from 4.8% the prior year.
American Airline's revenue grew a modest 0.8% year-over-year to $54.6B. This slow but positive growth earns a score of 37/100.
American Airline's current ratio of 0.50 is below the typical benchmark, resulting in a score of 4/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While American Airline generated $3.1B in operating cash flow, capex of $3.8B consumed most of it, leaving -$680.0M in free cash flow. This results in a low score of 27/100, reflecting heavy capital investment rather than weak cash generation.
American Airline scores 0.65, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
American Airline passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
American Airline reported $111.0M of net income while generating $3.1B in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.
American Airline earns $0.85 in operating income for every $1 of interest expense ($1.5B vs $1.7B). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
American Airline generated $16.7B in revenue in Q2 2026. This represents an increase of 16.3% from the same quarter a year earlier. Against the prior quarter it is up 20.3%.
American Airline's EBITDA was $924.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 42.6% from the same quarter a year earlier. Against the prior quarter it is up 112.9%.
American Airline reported $71.0M in net income in Q2 2026. This represents a decrease of 88.1% from the same quarter a year earlier. Against the prior quarter it is up 118.6%.
American Airline earned $0.11 per diluted share (EPS) in Q2 2026. This represents a decrease of 87.9% from the same quarter a year earlier. Against the prior quarter it is up 119.0%.
Cash & Balance Sheet
American Airline recorded an outflow of $351.0M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 175.6% from the same quarter a year earlier. Against the prior quarter it is down 110.3%.
American Airline held $1.1B in cash against $25.8B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
American Airline's operating margin was 2.7% in Q2 2026, reflecting core business profitability. This is down 5.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.0 percentage points.
American Airline's net profit margin was 0.4% in Q2 2026, showing the share of revenue converted to profit. This is down 3.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.2 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
American Airline invested $822.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 64.7% from the same quarter a year earlier. Against the prior quarter it is up 1.4%.
Not reported for Q2 2026.
Not reported for Q2 2026.
AAL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.7B+16.3% | $13.9B+10.8% | $14.0B+2.5% | $13.7B+0.3% | $14.4B+0.4% | $12.6B-0.2% | $13.7B+4.6% | $13.6B+1.2% |
| SG&A Expenses | $4.6B+5.9% | $4.7B+10.7% | $4.5B+9.7% | $4.5B+8.9% | $4.4B+10.9% | $4.2B+9.2% | $4.1B+11.2% | $4.1B+3.1% |
| Operating Income | $446.0M-60.7% | -$41.0M+84.8% | $451.0M-60.2% | $151.0M+69.7% | $1.1B-18.0% | -$270.0M-3957.1% | $1.1B+72.9% | $89.0M+139.9% |
| EBITDA | $924.0M-42.6% | $434.0M+119.2% | $1.2B-35.5% | $625.0M+10.0% | $1.6B-13.3% | $198.0M-58.5% | $1.9B+27.4% | $568.0M+115.2% |
| Interest Expense | $409.0M-5.5% | $397.0M-7.2% | $423.0M-10.2% | $432.0M-10.0% | $433.0M-10.9% | $428.0M-13.9% | $471.0M-9.4% | $480.0M-10.6% |
| Income Tax | $36.0M-84.9% | -$94.0M+46.3% | $43.0M-79.0% | -$28.0M+73.8% | $239.0M-23.2% | -$175.0M-73.3% | $205.0M+1608.3% | -$107.0M+26.2% |
| Net Income | $71.0M-88.1% | -$382.0M+19.2% | $99.0M-83.2% | -$114.0M+23.5% | $599.0M-16.5% | -$473.0M-51.6% | $590.0M+3005.3% | -$149.0M+72.7% |
| EPS (Basic) | $0.11-87.9% | -$0.58+19.4% | $0.15-83.3% | -$0.17+26.1% | $0.91-16.5% | -$0.72-50.0% | $0.90+2900.0% | -$0.23+72.3% |
| EPS (Diluted) | $0.11-87.9% | -$0.58+19.4% | $0.15-82.4% | -$0.17+26.1% | $0.91-9.9% | -$0.72-50.0% | $0.85 | -$0.23+72.3% |
| Diluted Shares (Avg) | 663M+0.3% | 661M+0.3% | N/A | 660M+0.4% | 660M-8.3% | 659M+0.5% | N/A | 657M+0.5% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
AAL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $64.2B+0.9% | $63.7B+1.8% | $61.8B0.0% | $62.1B-2.2% | $63.7B-0.7% | $62.6B-2.8% | $61.8B-2.0% | $63.5B-3.3% |
| Current Assets | $14.3B-5.3% | $14.0B+2.8% | $12.2B-7.2% | $13.3B-8.3% | $15.1B+1.8% | $13.6B-6.5% | $13.2B-3.1% | $14.5B-13.5% |
| Cash & Equivalents | $1.1B+23.1% | $1.0B+7.6% | $1.1B+17.1% | $938.0M+0.5% | $931.0M+25.8% | $931.0M+32.4% | $902.0M+32.5% | $933.0M+35.8% |
| Short-Term Investments | $6.7B-12.9% | $6.4B-3.6% | $4.9B-21.0% | $6.0B-21.1% | $7.7B-1.3% | $6.6B-13.8% | $6.2B-11.7% | $7.6B-23.7% |
| Accounts Receivable | $1.9B-8.0% | $2.0B+4.1% | $2.1B+3.4% | $2.0B+11.4% | $2.1B-0.5% | $1.9B-6.9% | $2.0B-1.0% | $1.8B-9.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $4.1B0.0% | $4.1B0.0% | $4.1B0.0% | $4.1B0.0% | $4.1B0.0% | $4.1B0.0% | $4.1B0.0% | $4.1B0.0% |
| Total Liabilities | $68.2B+1.0% | $67.8B+1.0% | $65.5B-0.4% | $66.1B-3.3% | $67.5B-1.9% | $67.1B-4.0% | $65.8B-3.7% | $68.4B-3.5% |
| Current Liabilities | $26.8B+3.8% | $28.4B+8.8% | $24.5B+0.8% | $24.6B-3.5% | $25.8B+4.7% | $26.1B+4.5% | $24.3B+10.1% | $25.5B+4.7% |
| Non-Current Liabilities | $41.4B-0.8% | $39.4B-3.9% | $41.0B-1.1% | $41.5B-3.2% | $41.8B-5.6% | $41.0B-8.7% | $41.5B-10.2% | $42.9B-7.8% |
| Long-Term Debt | $25.8B+2.2% | $23.5B-4.8% | $25.3B+0.4% | $25.1B-4.4% | $25.3B-8.5% | $24.7B-12.5% | $25.2B-14.1% | $26.3B-11.6% |
| Total Equity | -$4.0B-2.6% | -$4.1B+9.6% | -$3.7B+6.3% | -$4.0B+18.4% | -$3.9B+18.5% | -$4.5B+18.0% | -$4.0B+23.5% | -$4.9B+5.5% |
| Retained Earnings | -$7.0B-4.9% | -$7.1B+2.8% | -$6.7B+1.6% | -$6.8B+8.1% | -$6.7B+7.8% | -$7.3B+8.6% | -$6.8B+11.0% | -$7.4B+3.6% |
Not reported in any period shown, so not listed: Inventory.
AAL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $471.0M-51.1% | $4.2B+71.9% | -$274.0M-168.8% | -$46.0M-116.6% | $963.0M-14.6% | $2.5B+12.7% | $398.0M+129.5% | $277.0M+377.6% |
| Depreciation & Amortization | $478.0M+0.4% | $475.0M+1.5% | $782.0M+0.6% | $474.0M-1.0% | $476.0M+0.4% | $468.0M-0.4% | $777.0M-7.9% | $479.0M-1.6% |
| Capital Expenditures | $822.0M+64.7% | $811.0M-1.6% | $1.6B+120.3% | $826.0M+76.5% | $499.0M-23.3% | $824.0M0.0% | $740.0M-12.2% | $468.0M-8.1% |
| Free Cash Flow | -$351.0M-175.6% | $3.4B+109.1% | -$1.9B-456.7% | -$872.0M-356.5% | $464.0M-2.7% | $1.6B+20.4% | -$342.0M+84.4% | -$191.0M+57.6% |
| Investing Cash Flow | -$1.1B+12.8% | -$2.3B-93.4% | -$390.0M-145.0% | $974.0M+1579.3% | -$1.3B-238.8% | -$1.2B+20.6% | $866.0M-59.9% | $58.0M-94.6% |
| Financing Cash Flow | $784.0M+152.1% | -$1.9B-59.4% | $782.0M+160.4% | -$921.0M-548.6% | $311.0M+143.5% | -$1.2B-90.5% | -$1.3B-59.1% | -$142.0M+88.5% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
AAL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 2.7%-5.2pp | -0.3%+1.9pp | 3.2%-5.1pp | 1.1%+0.4pp | 7.9%-1.8pp | -2.1%-2.2pp | 8.3%+3.3pp | 0.7%+2.3pp |
| Net Margin | 0.4%-3.7pp | -2.8%+1.0pp | 0.7%-3.6pp | -0.8%+0.3pp | 4.2%-0.8pp | -3.8%-1.3pp | 4.3%+4.2pp | -1.1%+2.9pp |
| Return on Assets | 0.1%-0.8pp | -0.6%+0.2pp | 0.2%-0.8pp | -0.2%+0.1pp | 0.9%-0.2pp | -0.8%-0.3pp | 0.9%+0.9pp | -0.2%+0.6pp |
| Current Ratio | 0.53-0.1x | 0.490.0x | 0.500.0x | 0.540.0x | 0.580.0x | 0.52-0.1x | 0.54-0.1x | 0.57-0.1x |
| Asset Turnover | 0.260.0x | 0.220.0x | 0.230.0x | 0.220.0x | 0.230.0x | 0.200.0x | 0.220.0x | 0.210.0x |
| FCF Margin | -2.1%-5.3pp | 24.5%+11.5pp | -13.6%-11.1pp | -6.4%-5.0pp | 3.2%-0.1pp | 13.0%+2.2pp | -2.5%+14.3pp | -1.4%+2.0pp |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity.
Note: Shareholder equity is negative (-$3.7B), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.50), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| American Airline AAL | FY2025 | $54.6B | $111.0M | 0.2% | $8.5B | 27/100 |
| Alaska Air Group Inc ALK | FY2025 | $14.2B | $100.0M | 0.7% | $4.5B | 34/100 |
| Skywest Inc SKYW | FY2025 | $4.1B | $428.3M | 10.5% | $3.7B | 56/100 |
| Copa Holdings Sa CPA | FY2025 | $3.6B | $671.6M | 18.6% | $5.2B | 26/100 |
| Delta Air Lines Inc Del DAL | FY2025 | $63.4B | $5.0B | 7.9% | $51.5B | 47/100 |
| Southwest Airls Co LUV | FY2025 | $28.1B | $441.0M | 1.6% | $18.9B | 33/100 |
Where American Airline Ranks
Frequently Asked Questions
What is American Airline's annual revenue?
American Airline (AAL) reported $54.6B in total revenue for fiscal year 2025. This represents a 0.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is American Airline's revenue growing?
American Airline (AAL) revenue grew by 0.8% year-over-year, from $54.2B to $54.6B in fiscal year 2025.
Is American Airline profitable?
Yes, American Airline (AAL) reported a net income of $111.0M in fiscal year 2025, with a net profit margin of 0.2%.
What is American Airline's EBITDA?
American Airline (AAL) had EBITDA of $3.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does American Airline have?
As of fiscal year 2025, American Airline (AAL) had $1.1B in cash and equivalents against $25.3B in long-term debt.
What is American Airline's operating margin?
American Airline (AAL) had an operating margin of 2.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is American Airline's net profit margin?
American Airline (AAL) had a net profit margin of 0.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is American Airline's free cash flow?
American Airline (AAL) recorded an outflow of $680.0M in free cash flow during fiscal year 2025. This represents a -152.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is American Airline's operating cash flow?
American Airline (AAL) generated $3.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are American Airline's total assets?
American Airline (AAL) had $61.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are American Airline's capital expenditures?
American Airline (AAL) invested $3.8B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is American Airline's current ratio?
American Airline (AAL) had a current ratio of 0.50 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is American Airline's return on assets (ROA)?
American Airline (AAL) had a return on assets of 0.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is American Airline's P/E ratio?
American Airline (AAL) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $8.5B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is American Airline's price-to-sales ratio?
American Airline (AAL) trades at 0.1x sales, its market capitalization divided by revenue of $58.3B revenue, trailing 12 months to June 30, 2026. The market capitalization is $8.5B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is American Airline's debt-to-equity ratio negative or not reported?
American Airline (AAL) has negative shareholder equity of -$3.7B as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is American Airline's Altman Z-Score?
American Airline (AAL) has an Altman Z-Score of 0.65, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is American Airline's Piotroski F-Score?
American Airline (AAL) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are American Airline's earnings high quality?
American Airline (AAL) reported $111.0M of net income while generating $3.1B in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can American Airline cover its interest payments?
American Airline (AAL) has an interest coverage ratio of 0.85x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is American Airline?
American Airline (AAL) scores 27 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.