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American Airlines Group Inc. 10-Q Filings

AAL NASDAQ

Every 10-Q that American Airlines Group Inc. (AAL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow AAL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AAL filings page.

Rhea-AI Summary

American Airlines Group Inc. reported higher revenue but remained unprofitable in the first quarter of 2026. Total operating revenues rose to $13.9 billion, up 10.8% from a year earlier, driven by stronger passenger demand and loyalty program activity.

Passenger revenue increased to $12.5 billion, with revenue per seat mile up 6.5% as fares improved and planes flew slightly fuller. Cargo revenue grew 12.9%, and other revenue, largely from the AAdvantage loyalty program, rose 23.9%, including a one-time partner payment.

Operating loss narrowed to $41 million from $270 million, and net loss improved to $382 million from $473 million, as revenue gains outpaced higher costs for fuel and employee pay. The company generated $4.2 billion in operating cash, reduced total debt, refinanced key credit facilities, and ended the quarter with $6.4 billion of short-term investments and $3.5 billion of undrawn revolving credit capacity.

Rhea-AI Summary

American Airlines Group Inc. (AAL) reported Q3 2025 results. Total operating revenue was $13.691 billion versus $13.647 billion a year ago, with passenger revenue steady and loyalty and cargo modestly higher. Operating income reached $151 million, but higher interest expense drove a net loss of $114 million (loss per share $0.17), improving from a $149 million loss last year. Year-to-date, net income was $12 million.

Cash from operations for the nine months was $3.373 billion, funding capital spending and debt actions. The company settled $1.0 billion of 6.50% convertible notes in cash at maturity and added a new $1.0 billion AAdvantage term loan (due 2032). It prepaid $487 million of EETC equipment notes and $308 million of 10.75% secured notes. Revolving credit capacity increased to $3.0 billion across facilities, with total availability of $3.4 billion and no borrowings outstanding.

Contract liabilities continued to build with an air traffic liability of $8.092 billion and a loyalty program liability of $10.514 billion. As of October 17, 2025, AAL had 660,086,495 common shares outstanding.