15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $54.6B | $111M | 0.0% | 2.7% | -$680M | $28.6B | $1.1B |
| 2024 | $54.2B | $846M | 0.0% | 4.8% | $1.3B | $30.1B | $902M |
| 2023 | $52.8B | $822M | 0.0% | 5.7% | $1.2B | $28.9B | $681M |
| 2022 | $49.0B | $127M | 0.0% | 3.3% | -$373M | $31.8B | $586M |
| 2021 | $29.9B | -$2.0B | 0.0% | -3.5% | $496M | $35.0B | $408M |
| 2020 | $17.3B | -$8.9B | 0.0% | -60.1% | -$8.5B | $29.3B | $399M |
| 2019 | $45.8B | $1.7B | 0.0% | 6.7% | -$453M | $20.9B | $290M |
| 2018 | $44.5B | $1.4B | 0.0% | 6.0% | -$212M | $20.6B | $286M |
| 2017 | $42.6B | $1.3B | 0.0% | 9.9% | -$1.2B | $21.8B | $398M |
| 2016 | $40.1B | $2.6B | 0.0% | 12.6% | $793M | — | $435M |
| 2015 | — | $7.6B | — | — | $98M | — | $507M |
| 2014 | — | $2.9B | — | — | -$2.2B | — | — |
| 2013 | — | -$1.8B | — | — | -$2.4B | — | — |
| 2012 | — | -$1.9B | — | — | -$603M | $8.1B | — |
| 2011 | — | -$2.0B | — | — | -$867M | $8.2B | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $13.9B | -$382M | 0.0% | -0.3% | $3.4B | $27.3B | $1.0B |
| Dec '25 | $14.0B | $99M | 0.0% | 3.2% | -$1.9B | $28.6B | $1.1B |
| Sep '25 | $13.7B | -$114M | 0.0% | 1.1% | -$872M | $24.5B | $938M |
| Jun '25 | $14.4B | $599M | 0.0% | 7.9% | $464M | $24.7B | $931M |
| Mar '25 | $12.6B | -$473M | 0.0% | -2.2% | $1.6B | $24.2B | $931M |
| Dec '24 | $13.7B | $590M | 0.0% | 8.3% | -$342M | $30.1B | $902M |
| Sep '24 | $13.6B | -$149M | 0.0% | 0.7% | -$191M | $25.8B | $933M |
| Jun '24 | $14.3B | $717M | 0.0% | 9.7% | $477M | $27.2B | $740M |
| Mar '24 | $12.6B | -$312M | 0.0% | 0.1% | $1.4B | $27.9B | $703M |
| Dec '23 | $13.1B | $19M | 0.0% | 5.0% | -$2.2B | $28.9B | $681M |
| Sep '23 | $13.5B | -$545M | 0.0% | -1.7% | -$451M | $29.3B | $687M |
| Jun '23 | $14.1B | $1.3B | 0.0% | 15.4% | $1.0B | $30.3B | $779M |
| Mar '23 | $12.2B | $10M | 0.0% | 3.6% | $2.8B | $31.1B | $584M |
| Dec '22 | $13.2B | $803M | 0.0% | 10.5% | -$844M | $31.8B | $586M |
| Sep '22 | $13.5B | $483M | 0.0% | 6.9% | -$1.0B | $33.6B | $476M |
| Jun '22 | $13.4B | $476M | 0.0% | 7.6% | $1.1B | $34.4B | $537M |
| Mar '22 | $8.9B | -$1.6B | 0.0% | -19.4% | $378M | $34.9B | $512M |
| Dec '21 | $9.4B | -$932M | 0.0% | -8.3% | -$1.4B | $35.0B | $408M |
| Sep '21 | $9.0B | $169M | 0.0% | 6.6% | -$1.9B | $35.5B | $431M |
| Jun '21 | $7.5B | $19M | 0.0% | 5.9% | $3.6B | $36.7B | $465M |
How the market has priced AAL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, American Airlines Group Inc.'s revenue has grown 25.8% per year. These are computed facts, not advice.
As of FY2025, American Airlines Group Inc. reported $28.6B of total debt against $1.1B of cash; operating income covered interest expense 0.9×.
In FY2025, gross margin was —, operating margin 2.7%, and net margin 0.2%.
As of Jun '26, American Airlines Group Inc. traded at a price-to-earnings ratio of about 104.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.