OakChart

American Airlines Group Inc

AALIndustrials·Airlines·USA·Mid·NASD·Nov 11 • 8:12 AM ET

14.04-0.07 (-0.53%)
2026-11-11 14:13 CET
Market cap
9,349.54 USD m
Revenue, TTM
60,981.00 USD m
Net income, TTM
-481.00 USD m
Free cash flow, TTM
-91.00 USD m
EPS diluted, TTM
-0.73
P/E
-
Compare

Price

AAL against its 20, 50 and 200-day averages
2050200beatmiss
12.0014.0016.0018.00103.6M207.2MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26AALclose 14.0420-day 12.7850-day 12.93200-day 13.4714.04

25.3% under 18.79 on 2 Jul 2026. Last 15 sessions, 22.8% high to low

Profile

AAL
52-week range, 45% of the way up
10.0918.79

American Airlines Group, Inc. is a holding company, which engages in the operation of a network carrier through its principal wholly owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Domestic, Latin America, Atlantic, and Pacific. The company was founded on December 9, 2013, and is headquartered in Fort Worth, TX.

IndexRUI
Employees139100
IPODec 09, 2013
Beta1.43
ATR, 14d0.59
Rel volume0.06
Short float15.03%
Insider own1.51%
Inst own78.52%

Snapshot

6 groups

Valuation

IndexRUI
Market Cap9.30B
Enterprise Value36.73B
Income-481.00M
Sales60.98B
Book/sh-6.37
Cash/sh13.34
Dividend Est.-
Dividend TTM-
Dividend Ex-DateFeb 04, 2020
Dividend Gr. 3/5Y- -
Payout0.00%
Employees139100
IPODec 09, 2013

Ratios

P/E-
Forward P/E14.19
PEG0.13
P/S0.15
P/B-
P/C1.05
P/FCF-
EV/EBITDA12.09
EV/Sales0.60
Quick Ratio0.41
Current Ratio0.53
Debt/Eq-
LT Debt/Eq-
Option/ShortYes / Yes

Earnings

EPS (ttm)-0.73
EPS next Y0.99
EPS next Q-0.74
EPS this Y-445.46%
EPS next Y179.54%
EPS next 5Y106.73%
EPS past 3/5Y-4.69% -
Sales past 3/5Y3.71% 25.80%
EPS Y/Y TTM-179.51%
Sales Y/Y TTM12.32%
EPS Q/Q-135.17%
Sales Q/Q19.31%
EarningsOct 22 BMO
EPS/Sales Surpr.22.44% 0.75%

Ownership

Insider Own1.51%
Insider Trans-3.43%
Inst Own78.52%
Inst Trans10.69%
ROA-0.76%
ROE-
ROIC-1.76%
Gross Margin17.53%
Oper. Margin1.70%
Profit Margin-0.79%
SMA209.82%
SMA508.55%
SMA2004.18%
Trades-

Technical

Shs Outstand662.62M
Shs Float652.59M
Short Float15.03%
Short Ratio1.53
Short Interest98.12M
52W High18.79 -25.30%
52W Low10.09 39.10%
Volatility4.70% 4.62%
ATR (14)0.59
RSI (14)61.38
Beta1.43
Rel Volume0.06
Avg Volume64.27M
Volume186,971

Performance

Perf Week2.97%
Perf Month12.28%
Perf Quarter-6.80%
Perf Half Y10.43%
Perf YTD-8.44%
Perf Year8.05%
Perf 3Y18.94%
Perf 5Y-34.20%
Perf 10Y-67.31%
Recom2.24
Target Price15.76
Prev Close14.11
Price14.04
Change %-0.53%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Jul 07, 2026DowngradeMMeliusBuy → Hold$19+35.4%
Mar 05, 2026DowngradeRRothschild & Co RedburnBuy → Neutral$12.50-10.9%
Jan 30, 2026ReiteratedTTD CowenBuy$19 → $17+21.1%
Jan 09, 2026UpgradeSSusquehannaNeutral → Positive$20+42.5%
Dec 18, 2025InitiatedWWells FargoEqual Weight$17+21.1%
Dec 12, 2025UpgradeUUBSNeutral → Buy
Dec 09, 2025InitiatedBBMO Capital MarketsMarket Perform$16.75+19.3%
Dec 04, 2025InitiatedCCitigroupBuy$19+35.4%
Aug 25, 2025DowngradeRRaymond JamesOutperform → Mkt Perform
Apr 08, 2025DowngradeGGoldmanNeutral → Sell$8-43.0%

Peers

Mkt cap
TickerCompanyMkt cap
UALUnited Airlines Holdings Inc38.80B
DALDelta Air Lines Inc60.17B
LUVSouthwest Airlines Co22.66B
ALKAlaska Air Group Inc4.62B
JBLUJetblue Airways Corp1.52B
CPACopa Holdings SA6.02B
LTMLATAM Airlines Group SA ADR14.10B
ULCCFrontier Group Holdings Inc1.87B
AEROGrupo Aeromexico SAB de CV ADR2.42B
ALGTAllegiant Travel2.58B

Insider trading

12 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Johnson Stephen LVice ChairJul 31 '26Sale15.2930,000458,7901,938,357Aug 03 04:30 PM
Johnson Stephen LVice ChairJul 30 '26Sale15.2630,000457,8781,968,357Aug 03 04:30 PM
Owens AngelaSVP Corporate ControllerJul 31 '26Sale15.2640,077611,623178,799Jul 31 07:02 PM
Johnson Stephen LVice ChairJul 28 '26Sale15.1630,000454,8182,028,357Jul 29 06:47 PM
Johnson Stephen LVice ChairJul 29 '26Sale15.0130,000450,3781,998,357Jul 29 06:47 PM
Johnson Stephen LVice ChairJul 27 '26Sale14.6730,000440,1122,058,357Jul 29 06:47 PM
Owens AngelaSVP Corporate ControllerJul 28 '26Sale15.3439,168601,017218,876Jul 29 04:30 PM
Stephen L. JohnsonOfficerJul 27 '26Proposed Sale14.48169,5082,454,476Jul 27 06:04 PM
Seymour DavidEVP Chief Operating OfficerJun 24 '26Sale17.0069,3431,178,8311,025,489Jun 26 04:30 PM
Seymour DavidEVP Chief Operating OfficerJun 25 '26Sale18.0056,4561,016,242969,033Jun 26 04:30 PM
Seymour DavidEVP Chief Operating OfficerDec 16 '25Sale16.0125,595409,699932,196Dec 17 04:07 PM
Seymour DavidEVP Chief Operating OfficerDec 09 '25Sale15.0162,507938,286979,776Dec 11 04:04 PM

Held by

AUM
TickerCompanyAUM
IJHiShares Core S&P Mid-Cap ETFAUM: 124.95B
VTIVanguard Morningstar Total Stock Market ETFAUM: 689.41B
VBVanguard Morningstar Small-Cap ETFAUM: 79.96B
VBRVanguard Morningstar Small-Cap Value ETFAUM: 37.82B
JETSESS U.S.Global Jets ETFAUM: 952.49M
VXFVanguard Extended Market Index ETFAUM: 30.61B
MDYState Street SPDR S&P MIDCAP 400 ETF TrustAUM: 26.35B
DFASU.S. Small Cap Portfolio-ETF Class SharesAUM: 15.57B
IWPiShares Russell Mid-Cap Growth ETFAUM: 18.16B
SPMDState Street SPDR Portfolio S&P 400TM Mid Cap ETFAUM: 18.97B

News

latest 14 of 206
  • Hard-Hit Airline Stocks Rebound on Falling Oil Prices (Barrons.com)
  • Airline stocks are flying as oil prices sink (MarketWatch)
  • American Airlines is raising its Citi AAdvantage card fees for the first time since 2018 (Quartz)
  • American Airlines and Citi Enhance the Citi / AAdvantage Platinum Select World Elite Mastercard and the Citi AAdvantage Business World Elite Mastercard With More Ways to Earn and New Travel Benefits (Business Wire)
  • American Airlines' Record Revenue Can't Outrun Fuel As Full-Year Guidance Slides Deeper Into A Loss (Earnings Whispers)
  • Loading…
  • American Airlines sets revenue record as fuel costs drive quarterly loss (Proactive)
  • American Airlines Earnings Were Good. Why the Stock Never Stood a Chance Today. (Barrons.com)
  • AAL Stock Slides As Fuel Costs Cloud 2026 Outlook CEO Flags Historically High Fuel Prices (Stocktwits)
  • American Airlines falls on weak Q4 guidance despite Q3 beat (Investing.com)
  • American Airlines: Q3 Earnings Snapshot (Associated Press)
  • American sets new revenue records amid historic fuel cost pressure (GlobeNewswire)
  • Western Digital earnings on tap as AI trade wobbles again (MarketWatch)
  • Stock Market Today: Dow, S&P 500 and Nasdaq set to fall as tech stocks slide and investors weigh Meta and Tesla earnings (MarketWatch)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-22-0.280-0.361-0.41016,33516,21321
2026Q22026-07-230.1500.0340.10716,73516,70120
2026Q12026-04-23-0.400-0.463-0.57813,91213,79220
2025Q42026-01-270.1600.3670.15013,99914,02815
2025Q32025-10-23-0.170-0.278-0.17313,69113,62718
2025Q22025-07-240.9500.7800.90714,39214,29519
2025Q12025-04-24-0.590-0.694-0.71812,55112,53816
2024Q42025-01-230.8600.6620.81513,66013,42618
2024Q32024-10-240.3000.180-0.22713,64713,49915
2024Q22024-07-251.0901.0600.99514,33414,37915
2024Q12024-04-25-0.340-0.269-0.47612,57012,60316
2023Q42024-01-250.2900.1070.02913,06213,01316
2023Q32023-10-190.3800.264-0.83313,48213,50716
2023Q22023-07-201.9201.5921.87714,05513,73716
2023Q12023-04-270.0500.0390.01512,18912,20617
2022Q42023-01-261.1701.0021.12113,18913,06915

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY4.9004.9153.79545,76845,766
2020FY-19.660-19.960-18.36217,33717,172
2021FY-8.380-8.429-3.09529,88229,797
2022FY0.5000.2030.19448,97148,807
2023FY2.6502.4551.14252,78852,730
2024FY1.9601.7201.17354,21153,942
2025FY0.3600.5570.17054,63354,675
2026FY--1.244--63,882
2027FY-0.989--68,236
2028FY-3.180--70,993
2029FY-3.931--75,155
2030FY-4.450--80,446

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-091817116,93616,38117,121
2026Q4S2026-10-311816116,92116,38117,121
2026Q4S2026-10-291817116,92116,38117,121
2026Q4S2026-10-281817116,90416,38117,121
2026Q4S2026-10-271817116,89416,38117,081
2026Q4S2026-10-231816116,80615,36717,081
2026Q4S2026-10-221817016,82715,36717,081
2026Q4S2026-10-161712016,61815,36716,925
2026Q4S2026-10-151611016,60615,36716,925
2026Q4S2026-10-071611016,60215,36716,925
2026Q4S2026-10-061711016,56715,36716,925
2026Q4S2026-10-051714016,51415,36716,925
2026Q4S2026-10-021714016,45915,36716,925
2026Q4S2026-10-011714016,44415,36716,824

Estimate history

EPS, annual2.613.033.795-18.362-3.0950.1941.1421.1730.168-0.7269
Period201720182019202020212022202320242025TTM
EPS, quarterly-0.2270.815-0.7180.907-0.1730.15-0.5780.107-0.406
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual42622445414576817337298824897152788542115463360981
Period201720182019202020212022202320242025TTM
Sales, quarterly136471366012551143921369113999139121673516335
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual475.508460.611428.203621.48647.728650.642654.273657.566660.301662.618
Period201720182019202020212022202320242025MRQ
Shares, quarterly657.103657.566659.481659.797660.065660.301661.385661.937662.618
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue60,981.0054,633.0054,211.0052,788.0048,971.0029,882.0017,337.0045,768.0044,541.00
Cost of Goods Sold Incl. D&A50,289.0044,162.0042,713.0040,970.0039,929.0030,304.0024,655.0034,345.0033,522.00
Gross Profit10,692.0010,471.0011,498.0011,818.009,042.00-422.00-7,318.0011,423.0011,019.00
Selling, General and Administrative Excl. Other2,192.001,997.001,812.001,799.001,815.001,098.00666.002,004.001,889.00
Other Operating Expense7,464.006,848.006,429.006,006.005,422.003,994.003,403.005,713.005,681.00
Operating Income1,036.001,626.003,257.004,013.001,805.00-5,514.00-11,387.003,706.003,449.00
Interest Expense1,664.001,716.001,934.002,145.001,962.001,800.001,227.001,095.001,056.00
Unusual Expense279.00141.00667.001,341.00272.00-4,395.00-796.00644.00906.00
Net Income Before Taxes-562.00190.001,154.001,121.00186.00-2,548.00-11,453.002,256.001,884.00
Income Taxes-81.0079.00308.00299.0059.00-555.00-2,568.00570.00472.00
Consolidated Net Income-481.00111.00846.00822.00127.00-1,993.00-8,885.001,686.001,412.00
Net Income From Continuing Operations-481.00111.00846.00822.00127.00-1,993.00-8,885.001,686.001,412.00
Net Income-481.00111.00846.00822.00127.00-1,993.00-8,885.001,686.001,412.00
EPS (Recurring)-0.430.321.822.450.48-7.87-19.514.814.39
EPS (Basic, Before Extraordinaries)-0.730.171.291.260.20-3.09-18.363.803.04
EPS (Diluted)-0.730.171.171.140.19-3.09-18.363.793.03
EBITDA3,039.003,845.005,183.005,949.003,782.00-3,179.00-9,022.006,024.005,606.00
Non-Operating Income (Expense)345.00421.00498.00594.00615.00371.00365.00289.00397.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense48.9845.8272.6880.5860.8498.0066.4369.3567.94
Price To Earnings Ratio--54.136.30---7.5310.56
Price To Sales Ratio0.150.190.230.190.170.390.440.280.34
Gross Margin17.5319.1721.2122.3918.46-1.41-42.2124.9624.74
Operating Margin1.702.986.017.603.69-18.45-65.688.107.74
Net Margin-0.790.201.561.560.26-6.67-51.253.683.17
Shares Outstanding662.62660.30657.57654.27650.64647.73621.48428.20460.61
Market Capitalization9,349.549,349.5411,453.798,979.648,266.7411,629.359,540.8312,563.5014,789.26

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue16,335.0016,735.0013,912.0013,999.0013,691.0014,392.0012,551.0013,660.00
Cost of Goods Sold Incl. D&A13,687.0013,744.0011,662.0011,196.0011,316.0010,976.0010,673.0010,475.00
Gross Profit2,648.002,991.002,250.002,803.002,375.003,416.001,878.003,185.00
Selling, General and Administrative Excl. Other553.00603.00507.00529.00483.00535.00450.00480.00
Other Operating Expense1,971.001,935.001,770.001,788.001,734.001,699.001,628.001,585.00
Operating Income124.00453.00-27.00486.00158.001,182.00-200.001,120.00
Interest Expense435.00409.00397.00423.00432.00433.00428.00470.00
Unusual Expense104.0037.00149.00-11.003.0031.00118.00-20.00
Net Income Before Taxes-334.00107.00-476.00141.00-142.00838.00-648.00795.00
Income Taxes-65.0036.00-94.0042.00-28.00239.00-175.00205.00
Consolidated Net Income-269.0071.00-382.0099.00-114.00599.00-473.00590.00
Net Income From Continuing Operations-269.0071.00-382.0099.00-114.00599.00-473.00590.00
Net Income-269.0071.00-382.0099.00-114.00599.00-473.00590.00
EPS (Recurring)-0.300.15-0.420.14-0.170.94-0.590.80
EPS (Basic, Before Extraordinaries)-0.410.11-0.580.15-0.170.91-0.720.90
EPS (Diluted)-0.410.11-0.580.15-0.170.91-0.720.82
EBITDA617.00931.00448.001,043.00632.001,658.00268.001,704.00
Non-Operating Income (Expense)81.00100.0097.0067.00135.00120.0098.00125.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense6.3217.3817.387.907.11-12.646.09
Price To Earnings Ratio-58.9964.6618.4314.4512.959.5254.13
Price To Sales Ratio0.150.210.130.190.140.140.130.23
Gross Margin16.2117.8716.1720.0217.3523.7414.9623.32
Operating Margin0.762.71-0.193.471.158.21-1.598.20
Net Margin-1.650.42-2.750.71-0.834.16-3.774.32
Shares Outstanding662.62661.94661.39660.30660.06659.80659.48657.57
Market Capitalization9,349.5411,951.237,091.6810,119.137,416.487,399.726,937.4311,453.79

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments6,571.007,716.008,488.009,960.0013,421.007,473.003,984.004,914.005,384.00
Short Term Receivables2,075.002,006.002,026.002,138.001,505.001,342.001,750.001,706.001,752.00
Inventories2,792.002,638.002,400.002,279.001,795.001,614.001,851.001,522.001,359.00
Other Current Assets767.00794.00658.00892.00615.00666.00621.00495.00651.00
Total Current Assets12,205.0013,154.0013,572.0015,269.0017,336.0011,095.008,206.008,637.009,146.00
Net Property, Plant & Equipment39,631.0038,460.0038,703.0038,294.0037,387.0039,738.0043,732.0043,249.0034,156.00
Total Investments and Advances209.00161.00163.00245.00239.00161.00204.000.000.00
Intangible Assets6,157.006,135.006,142.006,150.006,079.006,120.006,175.006,228.006,294.00
Deferred Tax Assets2,368.002,485.002,888.003,099.003,556.003,239.00645.001,145.001,816.00
Other Assets1,204.001,388.001,590.001,659.001,870.001,655.001,033.001,321.001,373.00
Total Assets61,774.0061,783.0063,058.0064,716.0066,467.0062,008.0059,995.0060,580.0052,785.00
Short Term Debt Incl. Current Port. of LT Debt4,811.006,414.004,941.004,739.003,996.004,448.004,569.004,948.002,554.00
Accounts Payable2,840.002,455.002,353.002,149.001,772.001,196.002,062.001,773.001,688.00
Other Current Liabilities16,841.0015,426.0014,768.0014,608.0013,238.0010,925.0011,680.0011,375.0011,116.00
Total Current Liabilities24,492.0024,295.0022,062.0021,496.0019,006.0016,569.0018,311.0018,096.0015,358.00
Long Term Debt31,159.0031,130.0035,722.0038,948.0042,181.0036,573.0028,875.0029,081.0022,511.00
Provision for Risks Charges1,568.002,128.003,044.002,837.005,053.007,069.006,052.006,907.007,497.00
Other Liabilities8,282.008,207.007,432.007,234.007,567.008,664.006,875.006,665.008,199.00
Total Liabilities65,501.0065,760.0068,260.0070,515.0073,807.0068,875.0060,113.0060,749.0053,565.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity-3,727.00-3,977.00-5,202.00-5,799.00-7,340.00-6,867.00-118.00-169.00-780.00
Total Shareholders Equity-3,727.00-3,977.00-5,202.00-5,799.00-7,340.00-6,867.00-118.00-169.00-780.00
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity-3,727.00-3,977.00-5,202.00-5,799.00-7,340.00-6,867.00-118.00-169.00-780.00
Total Liabilities & Stockholders Equity61,774.0061,783.0063,058.0064,716.0066,467.0062,008.0059,995.0060,580.0052,785.00
Book Value Per Share-5.64-6.05-7.95-8.91-11.33-11.05-0.28-0.37-1.64
Tangible Book Value Per Share-14.97-15.38-17.34-18.36-20.72-20.90-14.70-13.89-14.88
Full-Time Employees139,100133,300132,100129,700123,400102,700133,700128,900126,600
Price to Book Ratio-2.21-2.36-1.75-1.05-1.58-1.43-104.08-87.526.33
Return on Assets0.181.361.290.19-3.10-14.572.802.522.46
Return on Equity-------75.1785.32
Return on Invested Capital0.403.122.690.38-5.72-29.915.864.885.90
Quick Ratio0.380.430.510.600.820.570.350.390.51
Current Ratio0.500.540.620.710.910.670.450.480.60

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income-111.00846.00822.00127.00-1,993.00-8,885.001,686.001,412.00
Depreciation-2,219.002,245.002,254.002,298.002,335.002,370.002,318.002,159.00
Other Funds (Non Cash)--56.00-231.00192.00-135.00-124.001,323.00118.0088.00
Funds from Operations-2,353.003,168.003,567.002,355.00-337.00-7,760.004,682.004,099.00
Extraordinary Item-0.000.000.000.000.000.000.000.00
Changes in Working Capital-746.00815.00236.00-182.001,041.001,217.00-867.00-566.00
Cash from Operating Activities4,267.003,099.003,983.003,803.002,173.00704.00-6,543.003,815.003,533.00
Capital Expenditures-4,358.00-3,779.00-2,683.00-2,596.00-2,906.00-412.00-1,958.00-4,268.00-3,745.00
Net Assets From Acquisitions0.000.000.000.000.000.000.000.000.00
Sale of Fixed Assets and Businesses178.00344.00654.00230.00147.00374.001,016.00904.001,207.00
Purchase or Sale of Investments-931.001,287.00996.001,589.003,395.00-5,955.00-3,337.00957.00572.00
Purchase of Investments-5,130.00-4,905.00-7,194.00-7,323.00-11,578.00-19,883.00-6,181.00-3,187.00-3,412.00
Sale Or Maturity of Investments4,199.006,192.008,190.008,912.0014,973.0013,928.002,844.004,144.003,984.00
Other Uses-79.000.000.000.000.000.00-153.00-86.00-7.00
Other Sources-25.00254.0065.00275.000.0010.0090.00250.000.00
Cash from Investing Activities-5,215.00-1,894.00-968.00-502.00636.00-5,983.00-4,342.00-2,243.00-1,973.00
Cash Dividends Paid0.000.000.000.000.000.00-43.00-178.00-186.00
Change in Capital Stock0.000.000.000.00-21.00442.002,797.00-1,097.00-837.00
Repurchase of Common Pref Stock0.000.000.000.00-21.00-18.00-173.00-1,097.00-837.00
Sale of Common Pref Stock0.000.000.000.000.00460.002,970.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.00460.002,970.000.000.00
Issuance or Reduction of Debt, Net1,613.00-891.00-2,797.00-2,896.00-2,687.004,638.008,152.00-291.00-646.00
Change in Long Term Debt1,613.00-891.00-2,797.00-2,896.00-2,687.004,638.008,152.00-291.00-646.00
Issuance of Long Term Debt8,377.004,613.001,670.004,822.001,065.0011,981.0011,687.003,899.002,295.00
Reduction of Long Term Debt-6,764.00-5,504.00-4,467.00-7,718.00-3,752.00-7,343.00-3,535.00-4,190.00-2,941.00
Net Financing Active Other Cash Flow-375.00-160.003.00-310.0077.00208.0088.00-2.00-3.00
Other Financing Activities Uses-290.00-160.000.00-310.000.000.000.00-2.00-3.00
Cash from Financing Activities1,238.00-1,051.00-2,794.00-3,206.00-2,631.005,288.0010,994.00-1,568.00-1,672.00
Net Change in Cash290.00154.00221.0095.00178.009.00109.004.00-112.00
Free Cash Flow-91.00-680.001,300.001,207.00-733.00292.00-8,501.00-453.00-212.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow--9.678.19-39.61---
Deferred Taxes & Investment Tax Credit-79.00308.00299.0065.00-555.00-2,568.00560.00440.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments8,842.008,479.008,011.006,571.007,618.009,380.00
Short Term Receivables1,928.001,893.002,008.002,075.002,028.002,057.00
Inventories3,171.003,107.003,131.002,792.002,782.002,776.00
Other Current Assets800.00797.00834.00767.00822.00855.00
Total Current Assets14,741.0014,276.0013,984.0012,205.0013,250.0015,068.00
Net Property, Plant & Equipment40,370.0040,001.0039,768.0039,631.0038,953.0038,689.00
Total Investments and Advances105.00144.00137.00209.00151.00147.00
Intangible Assets6,158.006,160.006,155.006,157.006,129.006,131.00
Deferred Tax Assets2,477.002,417.002,457.002,368.002,435.002,411.00
Other Assets1,167.001,235.001,237.001,204.001,223.001,221.00
Total Assets65,018.0064,233.0063,738.0061,774.0062,141.0063,667.00
Short Term Debt Incl. Current Port. of LT Debt4,724.004,146.005,248.004,811.004,747.005,725.00
Accounts Payable3,334.003,637.003,610.002,840.002,833.003,130.00
Other Current Liabilities19,965.0018,973.0019,548.0016,841.0017,058.0016,916.00
Total Current Liabilities28,023.0026,756.0028,406.0024,492.0024,638.0025,771.00
Long Term Debt31,550.0031,583.0029,284.0031,159.0031,317.0031,476.00
Provision for Risks Charges1,099.001,160.001,219.001,568.001,759.001,814.00
Other Liabilities8,570.008,706.008,906.008,282.008,389.008,476.00
Total Liabilities69,242.0068,205.0067,815.0065,501.0066,103.0067,537.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity-4,224.00-3,972.00-4,077.00-3,727.00-3,962.00-3,870.00
Total Shareholders Equity-4,224.00-3,972.00-4,077.00-3,727.00-3,962.00-3,870.00
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity-4,224.00-3,972.00-4,077.00-3,727.00-3,962.00-3,870.00
Total Liabilities & Stockholders Equity65,018.0064,233.0063,738.0061,774.0062,141.0063,667.00
Book Value Per Share-6.37-6.00-6.16-5.64-6.00-5.87
Tangible Book Value Per Share-15.67-15.31-15.47-14.97-15.29-15.16
Full-Time Employees---139,100--
Price to Book Ratio-2.21-2.93-1.90-2.55-1.92-1.64
Return on Assets-0.76-0.510.320.180.960.89
Return on Invested Capital-0.980.26-1.520.36-0.422.17
Quick Ratio0.410.420.380.380.420.48
Current Ratio0.530.530.490.500.540.58

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Extraordinary Item---0.00--
Cash from Operating Activities-153.00471.004,223.00-274.00-46.00963.00
Capital Expenditures-1,095.00-822.00-811.00-1,630.00-826.00-499.00
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses17.0060.000.00101.0043.00200.00
Purchase or Sale of Investments-278.00-322.00-1,495.001,164.001,757.00-1,262.00
Purchase of Investments-1,329.00-924.00-2,773.00-104.00-121.00-2,874.00
Sale Or Maturity of Investments1,051.00602.001,278.001,268.001,878.001,612.00
Other Uses-30.00-27.00-22.000.000.008.00
Other Sources0.000.000.00-25.000.00279.00
Cash from Investing Activities-1,386.00-1,111.00-2,328.00-390.00974.00-1,274.00
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock0.000.000.000.000.000.00
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net719.001,194.00-1,327.001,027.00-1,212.00331.00
Change in Long Term Debt719.001,194.00-1,327.001,027.00-1,212.00331.00
Issuance of Long Term Debt1,415.003,521.00997.002,444.00510.001,334.00
Reduction of Long Term Debt-696.00-2,327.00-2,324.00-1,417.00-1,722.00-1,003.00
Net Financing Active Other Cash Flow902.00-410.00-622.00-245.00291.00-20.00
Other Financing Activities Uses902.00-410.00-622.00-160.00206.00-20.00
Cash from Financing Activities1,621.00784.00-1,949.00782.00-921.00311.00
Net Change in Cash82.00144.00-54.00118.007.000.00
Free Cash Flow-1,248.00-351.003,412.00-1,904.00-872.00464.00
Price to Free Cash Flow-42.016.46-8.424.74

Revenue breakdown

Cargo and Freight2024: 804.00M 2025: 839.00M
Loyalty Program, Marketing Services2024: 3.26B 2025: 3.51B
Loyalty Program, Travel Redemptions2024: 3.84B 2025: 4.04B
Other2024: 564.00M 2025: 640.00M
Passenger Travel2024: 45.74B 2025: 45.61B
United States2024: 54.21B 2025: 54.63B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-3015.03%98.1M652.6M62.42M
2026-10-1516.01%104.4M652.0M70.97M
2026-09-3012.06%78.6M652.0M83.86M
2026-09-1514.06%91.6M651.5M97.30M
2026-08-3111.59%75.5M651.5M105.37M
2026-08-149.94%64.8M651.5M108.17M
2026-07-319.84%64.1M651.5M108.91M
2026-07-159.77%63.6M650.7M99.91M
2026-06-308.89%57.9M650.7M85.58M
2026-06-159.89%64.3M649.8M70.23M
2026-05-2911.50%74.8M650.7M68.47M
2026-05-1513.02%84.6M649.8M65.78M
2026-04-3012.35%80.3M649.7M65.14M
2026-04-159.20%59.7M648.5M64.83M
2026-03-3111.49%74.5M648.5M66.59M
2026-03-138.70%56.4M648.5M64.73M
2026-02-277.71%50.0M648.5M56.12M
2026-02-136.94%45.0M648.7M54.60M
2026-01-306.37%41.4M650.0M55.83M
2026-01-156.36%41.3M650.0M56.51M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call5.008.409.709.0711.27029118.000.995-0.0150.000
call6.007.458.958.1410.88463.0042.000.995-0.0150.000
call6.506.757.807.526.27610980.000.994-0.0150.000
call7.006.008.407.028.58983.0065.000.993-0.0150.000
call8.005.057.406.119.62162.0017.000.992-0.0140.000
call8.504.606.655.608.02739.007.000.991-0.0140.000
call9.004.106.255.107.74147.008.000.990-0.0140.000
call9.504.305.254.745.47936.002.000.989-0.0140.000
call10.003.554.754.234.99131.002.000.988-0.0140.000
call10.503.254.903.606.00010.003.000.986-0.0130.000
call11.002.724.403.145.86628.004.000.984-0.0130.000
call11.502.463.402.694.0341335.000.981-0.0130.001
call12.001.482.202.101.4782,47025.000.963-0.0200.001
call12.501.421.851.531.7061,2612120.954-0.0190.001
call13.001.061.351.241.3575,7372210.901-0.0300.002
call13.500.670.850.710.9943,7043320.772-0.0480.004
call14.000.310.340.340.5656,6909800.574-0.0500.005
call14.500.120.130.130.5618,4033,6530.311-0.0460.004
call15.000.020.040.020.5704,0474210.169-0.0390.003
call15.500.000.010.010.5811,0577970.042-0.0120.001
call16.000.000.010.010.7371758.000.029-0.0110.001
call16.500.000.010.010.88510.000.000.025-0.0110.001
call17.000.000.010.011.02311.001.000.022-0.0120.001
call17.500.000.010.001.1560.000.000.020-0.0120.001
call18.000.000.010.001.2820.000.000.018-0.0120.001
call18.500.000.010.121.4023.000.000.017-0.0130.001
call19.000.000.010.081.5183.000.000.016-0.0130.000
call20.000.000.010.001.7360.000.000.014-0.0130.000
call21.000.000.010.001.9400.000.000.013-0.0140.000
call22.000.000.010.002.1310.000.000.012-0.0140.000
call23.000.000.010.002.3120.000.000.011-0.0150.000
put5.000.000.010.104.9278.000.00-0.005-0.0140.000
put6.000.000.010.113.9983.002.00-0.006-0.0130.000
put6.500.000.010.693.75211.004.00-0.006-0.0140.000
put7.000.000.010.163.4199.002.00-0.007-0.0140.000
put8.000.000.020.012.8190.000.00-0.008-0.0140.000
put8.500.000.030.002.5450.000.00-0.009-0.0130.000
put9.000.000.050.012.28621.000.00-0.010-0.0130.000
put9.500.000.020.022.0397581.00-0.011-0.0130.000
put10.000.000.010.021.8027012.00-0.012-0.0130.000
put10.500.000.010.011.5761,0792.00-0.014-0.0120.000
put11.000.000.010.011.3572,68556.00-0.016-0.0120.000
put11.500.000.010.011.1445,0948.00-0.019-0.0110.001
put12.000.000.020.011.0582,860325-0.037-0.0190.001
put12.500.010.020.010.8342,965289-0.046-0.0170.001
put13.000.020.030.020.6724,4881,273-0.099-0.0280.002
put13.500.060.080.060.5962,8852,905-0.228-0.0470.004
put14.000.200.220.200.5745,1715,995-0.426-0.0480.005
put14.500.470.550.550.639788293-0.689-0.0450.004
put15.000.751.180.651.25892.008.00-0.831-0.0370.003
put15.500.382.421.403.15574.0028.00-0.958-0.0100.001
put16.001.192.992.003.6134.0012.00-0.971-0.0090.001
put16.501.683.602.424.1326.0017.00-0.975-0.0090.001
put17.001.994.002.834.1931.001.00-0.978-0.0100.001
put17.502.254.553.364.5521.001.00-0.980-0.0100.001
put18.003.154.903.924.4651.003.00-0.982-0.0100.001
put18.503.355.704.425.3416.007.00-0.983-0.0110.001
put19.004.356.105.005.3436.006.00-0.984-0.0110.000
put20.005.257.705.927.0295.005.00-0.986-0.0110.000
put21.006.108.656.907.3062.006.00-0.987-0.0120.000
put22.006.809.208.016.6801.003.00-0.988-0.0120.000
put23.008.509.358.964.8170.000.00-0.989-0.0120.000

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-054Statement of changes in beneficial ownership of securities2026-11-03SEC
2026-10-27SCHEDULE 13G/ASEC
2026-10-26SCHEDULE 13DSEC
2026-10-2210-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-228-KCurrent report2026-10-22SEC
2026-09-214Statement of changes in beneficial ownership of securities2026-09-20SEC
2026-09-214Statement of changes in beneficial ownership of securities2026-09-20SEC
2026-08-1413F-HRFurther understand that each of 13F-HR, 13F-NT, and amendments thereto are mandatory electronic filings (hardship exemption exists to submit in paper; never used to the knowledge of IM staff);2026-06-30SEC
2026-08-034Statement of changes in beneficial ownership of securities2026-07-30SEC
2026-07-314Statement of changes in beneficial ownership of securities2026-07-31SEC
2026-07-294Statement of changes in beneficial ownership of securities2026-07-27SEC
2026-07-294Statement of changes in beneficial ownership of securities2026-07-28SEC
2026-07-29424B5SEC
2026-07-29424B5SEC
2026-07-27144Filing for proposed sale of securities under Rule 144.SEC
2026-07-27424B5SEC
2026-07-27424B5SEC
2026-07-2310-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-238-KCurrent report2026-07-23SEC
2026-07-164Statement of changes in beneficial ownership of securities2026-07-15SEC
2026-07-163Initial statement of beneficial ownership of securities2026-07-15SEC
2026-07-158-KCurrent report2026-07-15SEC
2026-07-134Statement of changes in beneficial ownership of securities2026-07-12SEC
2026-06-264Statement of changes in beneficial ownership of securities2026-06-24SEC
2026-06-168-KCurrent report2026-06-14SEC
2026-06-124Statement of changes in beneficial ownership of securities2026-06-10SEC
2026-06-124Statement of changes in beneficial ownership of securities2026-06-10SEC
2026-06-124Statement of changes in beneficial ownership of securities2026-06-10SEC
2026-06-124Statement of changes in beneficial ownership of securities2026-06-10SEC
2026-06-124Statement of changes in beneficial ownership of securities2026-06-10SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-07003.47M7
2026-06002.20M2
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-12001.35M2
2025-110000

Institutional holders

Manager% owned
PRIMECAP MANAGEMENT CO/CA/10.69%
BlackRock, Inc.9.58%
VANGUARD PORTFOLIO MANAGEMENT LLC4.52%
VANGUARD CAPITAL MANAGEMENT LLC4.45%
TWO SIGMA INVESTMENTS, LP4.12%
STATE STREET CORP2.96%
Orbis Allan Gray Ltd2.44%
GEODE CAPITAL MANAGEMENT, LLC1.92%
JANE STREET GROUP, LLC1.90%
FMR LLC1.80%

Funds

Fund% owned
VANGUARD PRIMECAP FUND4.48%
iShares Core S&P Mid-Cap ETF3.42%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.17%
VANGUARD SMALL-CAP INDEX FUND2.29%
VANGUARD CAPITAL OPPORTUNITY FUND2.27%
EUPAC Fund1.49%
VANGUARD SMALL-CAP VALUE INDEX FUND1.45%
VANGUARD PRIMECAP CORE FUND1.29%
Capital World Growth & Income Fund1.17%
VANGUARD EXTENDED MARKET INDEX FUND1.15%

OakChart. AAL. Cached 15 minutes.