American Airlines Group Inc. (AAL) Financial Statements
Industry: Air Transportation, Scheduled
In fiscal 2025, American Airlines reported revenue of $54.63B, up 0.8% from $54.21B the year before. Net income was $111.0M (a 0.2% net margin), or $0.17 per diluted share. Gross margin was 2.7% and operating margin was 2.7%. Operating activities generated $3.10B of cash, leaving -$680.0M of free cash flow. At fiscal year end, American Airlines held $61.77B in total assets against $65.50B in total liabilities.
Open the full interactive American Airlines financials → Quarterly statements, key ratios, valuation history and price charts.
American Airlines Key Stats
| Share Price | $12.50 |
|---|---|
| Market Cap | $8.28B |
| P/E Ratio | 73.5 |
| Revenue YoY Growth | +0.8% |
| 52-Week Range | $10.18 – $18.15 |
| Shares Outstanding | 662.2 million (basic, 2026 Q2) |
American Airlines Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $17.34B | $29.88B | $48.97B | $52.79B | $54.21B | $54.63B |
| Cost of Goods Sold | $27.76B | $30.94B | $47.36B | $49.75B | $51.60B | $53.17B |
| Gross Profit | -$10.42B | -$1.06B | $1.61B | $3.03B | $2.61B | $1.47B |
| Operating Income | -$10.42B | -$1.06B | $1.61B | $3.03B | $2.61B | $1.47B |
| Pre-Tax Income | -$11.45B | -$2.55B | $186.0M | $1.12B | $1.15B | $190.0M |
| Income Tax | -$2.57B | -$555.0M | $59.0M | $299.0M | $308.0M | $79.0M |
| Net Income | -$8.88B | -$1.99B | $127.0M | $822.0M | $846.0M | $111.0M |
| Diluted EPS | -$18.36 | -$3.09 | $0.19 | $1.21 | $1.24 | $0.17 |
American Airlines Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $13.69B | $14.00B | $13.91B | $16.73B |
| Net Income | -$114.0M | $99.0M | -$382.0M | $71.0M |
| Diluted EPS | -$0.17 | $0.15 | -$0.58 | $0.11 |
American Airlines Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Current Assets | $11.10B | $17.34B | $15.27B | $13.57B | $13.15B | $12.21B |
| Total Assets | $62.01B | $66.47B | $64.72B | $63.06B | $61.78B | $61.77B |
| Current Liabilities | $16.57B | $19.01B | $21.50B | $22.06B | $24.30B | $24.49B |
| Total Long-Term Debt | $32.59B | $38.06B | $35.66B | $32.90B | $30.48B | $29.01B |
| Total Liabilities | $68.88B | $73.81B | $70.52B | $68.26B | $65.76B | $65.50B |
| Shareholders' Equity | -$6.87B | -$7.34B | -$5.80B | -$5.20B | -$3.98B | -$3.73B |
American Airlines Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$6.54B | $704.0M | $2.17B | $3.80B | $3.98B | $3.10B |
| Cash From Investing | -$4.34B | -$5.98B | $636.0M | -$502.0M | -$968.0M | -$1.89B |
| Cash From Financing | $10.99B | $5.29B | -$2.63B | -$3.21B | -$2.79B | -$1.05B |
| Free Cash Flow | -$8.50B | $496.0M | -$373.0M | $1.21B | $1.30B | -$680.0M |
| Dividends Paid | $43.0M | — | — | — | — | — |
Figures from American Airlines' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full American Airlines financials page for every line item.
American Airlines Company Profile
| Ticker | AAL |
|---|---|
| Exchange | Nasdaq |
| Industry | Air Transportation, Scheduled |
| Headquarters | Fort Worth, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000006201 |
Frequently Asked Questions
What was American Airlines' revenue in fiscal 2025?
American Airlines (AAL) reported revenue of $54.63B for fiscal 2025.
What is American Airlines' annual revenue history?
American Airlines' annual revenue by fiscal year: 2020: $17.34B; 2021: $29.88B; 2022: $48.97B; 2023: $52.79B; 2024: $54.21B; 2025: $54.63B.
What was American Airlines' net income in fiscal 2025?
American Airlines reported net income of $111.0M for fiscal 2025.
What was American Airlines' earnings per share (EPS) in fiscal 2025?
American Airlines' diluted EPS was $0.17 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did American Airlines generate in fiscal 2025?
American Airlines generated -$680.0M of free cash flow in fiscal 2025.
What was American Airlines' revenue last quarter?
In its most recent reported quarter (2026 Q2), American Airlines reported revenue of $16.73B.
How much debt does American Airlines have?
American Airlines reported $29.01B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of American Airlines are outstanding?
American Airlines reported a weighted average of 662.2 million basic shares outstanding in 2026 Q2.
What is American Airlines' market cap?
Based on its latest closing price, American Airlines (AAL) has a market capitalization of about $8.28B.
When does American Airlines' fiscal year end?
American Airlines' fiscal year end, as registered with the SEC, is December 31.
Where is American Airlines headquartered?
American Airlines lists its business address in Fort Worth, Texas in its SEC filings.