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Updated: Sep 25, 2026
AAL Logo

American Airlines Group

NASDAQ:AAL·Stock Analysis Report
Day Range
$13.10 - $13.63
Market Cap
8.86B
P/E Ratio
0.0000
Avg Value
$14.44
Year Range
$10.09 - $18.79
$13.35$0.00 (0.00%)
1
General Information
American Airlines is the world's largest airline by aircraft, capacity, and scheduled revenue passenger miles.

Its major US hubs are Dallas/Fort Worth, Charlotte, Chicago, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. It generates over 30% of US airline revenue connecting Latin America with destinations in the United States. After completing a major fleet renewal, the company has the youngest average fleet of US legacy carriers.

2
American Airlines Group (AAL) Stock Graph
3
How We Grade American Airlines Group (AAL)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade American Airlines Group (AAL) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

34.46

Value is a percentile-ranked composite metric that evaluates a stock's relative worth by comparing its market price to fundamental measures of the company's assets, earnings, sales, and operating performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Peer Ratings

See how American Airlines Group compares to its peers in these key performance metrics from Benzinga Rankings.

Top Peers
Value
Quality
Growth
Momentum
Short
Medium
Long
JOBYJoby Aviation
N/A
N/A
N/A
2.73
CPACopa Holdings
90.73
67
80.45
41.36
ALKAlaska Air Group
N/A
N/A
N/A
10.75
SKYWSkyWest
93.94
73.96
66.43
43.71
Short: price trend over the last couple of months
Medium: price trend over the last couple of quarters
Long: price trend over the past year
Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
6
Future Growth
Our estimate of future price growth is based on an aggregation of 17 analyst ratings over the past 3 months and their 12-month price targets.

Below, you can see that analysts are estimating a 12-month price target range of $13.00 - $25.00 with an average of $18.53

38.38%
Expected movement for American Airlines Group (AAL) over the next 12 months
Based on these rankings

Recent Ratings for American Airlines Group (AAL)

Rothschild & Co
Date:
Sep 18, 2026
Action:
Maintains
Prev. Target:
$12.50
New Target:
$13.50
Barclays
Date:
Sep 11, 2026
Action:
Maintains
Prev. Target:
$19.00
New Target:
$14.00
UBS
Date:
Sep 10, 2026
Action:
Maintains
Prev. Target:
$18.00
New Target:
$17.00
TD Cowen
Date:
Aug 24, 2026
Action:
Maintains
Prev. Target:
$24.00
New Target:
$16.00
UBS
Date:
Jul 27, 2026
Action:
Maintains
Prev. Target:
$21.00
New Target:
$18.00
BMO Capital
Date:
Jul 24, 2026
Action:
Maintains
Prev. Target:
$19.50
New Target:
$19.00
Goldman Sachs
Date:
Jul 24, 2026
Action:
Maintains
Prev. Target:
$15.00
New Target:
$13.00
JP Morgan
Date:
Jul 24, 2026
Action:
Maintains
Prev. Target:
$22.00
New Target:
$24.00
Citigroup
Date:
Jul 24, 2026
Action:
Maintains
Prev. Target:
$22.00
New Target:
$19.00
7
Financial Health
What is the current state of the company's financial situation?

We measure the health of a company based on how profitable they are and their ability to cover both their short-term and long-term debts. The key indicators that we use are the Operating Margin, Quick Ratio, and Debt-to-Equity ratio relative to the companies peers

Operational Margin 0.0271

The operating margin measures how much profit a company makes after it spends money on wages, materials or other administrative expenses but before interest and taxes. It is a good representation of how efficiently a company is able to generate profit from its core operations.

Quick Ratio 0.3612

The quick ratio measures how much of a company's debt, that is due in less than 1 year, can be covered using its cash equivalents, marketable securities, and money that is currently owed to them (accounts receivables).

A company with a quick ratio of less than 1.00 does not, in many cases, have the capital on hand to meet its short-term obligations if they were all due at once, while a quick ratio greater than one indicates the company has the financial resources to remain solvent in the short term.

Debt-to-Equity -17.1715

Debt-to-equity is calculated by dividing a company's total liabilities by its shareholders equity. It is a measure of the degree to which a company is financing its operations through debt versus wholly owned funds. Generally speaking, a D/E ratio below 1.0 would be seen as relatively safe, whereas ratios of 2.0 or higher would be considered risky.

The chart above shows American Airlines Group (AAL) operating margin, quick ratio, and debt-to-equity ratio compared to its peers. The black markers represent the peer averages for each ratio and the blue bars represent American Airlines Group (AAL) ratio values.
8
Past Performance
How has American Airlines Group (AAL) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

American Airlines Group (AAL) sharpe ratio over the past 5 years is -0.7050 which is considered to be below average compared to the peer average of -0.0173

9
Analyzing American Airlines Group (AAL) Recent Options Activity
Below, you can see the trend in options sentiment over the past 30 days.

Based on our data, AAL's options trades have recently carried more positive sentiment than negative.

10
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is AAL's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Revenue
48.97
52.79
54.21
54.63
58.34
Operating Revenue
45.80
49.32
50.39
50.48
53.76
Cost Of Revenue
39.94
40.98
42.75
44.16
47.92
Gross Profit
9.04
11.81
11.47
10.47
10.42
Operating Expense
7.24
7.80
8.24
8.85
9.35
Selling General And Administration
1.81
1.80
1.81
2.00
2.12
Research and Development
—
—
—
—
—
Operating Income
1.80
4.00
3.22
1.63
1.07
Net Non-Operating Interest Income Expense
-1.75
-1.55
-1.47
-1.36
-1.37
Other Income Expense
0.13
-1.33
-0.60
-0.08
-0.07
Other Non-Operating Income Expenses
0.33
-0.36
0.00
0.08
-0.01
Pre-Tax Income
0.19
1.12
1.15
0.19
-0.37
Tax Provision
0.06
0.30
0.31
0.08
-0.04
Net Income
0.13
0.82
0.85
0.11
-0.33
Net Income Common Stockholders
0.13
0.82
0.85
0.11
-0.33
Total Operating Income As Reported
1.61
3.03
2.61
1.47
1.01
Total Expenses
47.17
48.78
50.99
53.01
57.27
Net Income From Continuing And Discontinued Operation
0.13
0.82
0.85
0.11
-0.33
Normalized Income
0.28
1.59
1.33
0.23
-0.28
Interest Income
0.22
0.59
0.47
0.36
0.29
Interest Expense
1.96
2.14
1.93
1.71
1.66
Net Interest Income
-1.75
-1.55
-1.47
-1.36
-1.37
EBIT
2.15
3.27
3.09
1.90
1.29
EBITDA
2.15
3.27
3.09
1.90
1.29
Reconciled Cost Of Revenue
39.94
40.98
42.75
44.16
47.92
Reconciled Depreciation
—
—
—
—
—
Normalized EBITDA
2.34
4.24
3.70
2.06
1.35
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.34
Tax Effect Of Unusual Items
-0.04
-0.20
-0.13
-0.04
-0.02
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Assets
64.72
63.06
61.78
61.77
64.23
Current Assets
15.27
13.57
13.15
12.21
14.28
Total Non-Current Assets
49.45
49.49
48.63
49.57
49.96
Total Liabilities Net Minority Interest
70.52
68.26
65.76
65.50
68.21
Current Liabilities
21.50
22.06
24.30
24.49
26.76
Other Non-Current Liabilities
1.26
1.56
1.72
1.45
1.49
Total Equity Gross Minority Interest
-5.80
-5.20
-3.98
-3.73
-3.97
Stockholders Equity
—
—
—
—
—
Total Capitalization
26.05
23.69
20.64
20.91
21.86
Common Stock Equity
-5.80
-5.20
-3.98
-3.73
-3.97
Net Tangible Assets
-11.95
-11.34
-10.11
-9.88
-10.13
Working Capital
-6.23
-8.49
-11.14
-12.29
-12.48
Invested Capital
29.10
27.19
25.84
25.47
24.96
Tangible Book Value
-11.95
-11.34
-10.11
-9.88
-10.13
Total Debt
43.69
40.66
37.54
36.88
35.73
Net Debt
34.46
31.82
29.01
28.24
27.90
Share Issued
0.65
0.65
0.66
0.66
0.66
Ordinary Shares Number
0.65
0.65
0.66
0.66
0.66
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
—
—
—
—
—
Net Income from Continuing Operations
—
—
—
—
—
Depreciation and Amortization
—
—
—
—
—
Deferred Tax
—
—
—
—
—
Deferred Income Tax
—
—
—
—
—
Stock-Based Compensation
—
—
—
—
—
Other Non-Cash Items
—
—
—
—
—
Change in Working Capital
—
—
—
—
—
Change in Receivables
—
—
—
—
—
Changes in Account Receivables
—
—
—
—
—
Change in Inventory
—
—
—
—
—
Change in Payables and Accrued Expense
—
—
—
—
—
Change in Payable
—
—
—
—
—
Change in Account Payable
—
—
—
—
—
Change in Other Current Assets
—
—
—
—
—
Change in Other Current Liabilities
—
—
—
—
—
Change in Other Working Capital
—
—
—
—
—
Cash Flow from Continuing Investing Activities
0.64
-0.50
-0.97
-1.89
-2.85
Net PPE Purchase and Sale
-0.21
—
—
—
—
Net Business Purchase and Sale
—
—
—
—
—
Purchase of Business
—
—
—
—
—
Net Investment Purchase and Sale
3.71
1.54
0.82
1.28
0.99
Purchase of Investment
-11.26
-7.32
-7.19
-4.91
-3.92
Sale of Investment
14.97
8.86
8.01
6.19
4.91
Net Other Investing Changes
—
0.33
0.24
0.26
0.04
Financing Cash Flow
-2.63
-3.21
-2.79
-1.05
-1.30
Cash Flow from Continuing Financing Activities
-2.63
-3.21
-2.79
-1.05
-1.30
Net Issuance Payments of Debt
-2.68
-2.90
-2.80
-0.89
-1.23
Net Long-Term Debt Issuance
-2.68
-2.90
-2.80
-1.73
-1.16
Long-Term Debt Issuance
1.07
4.82
1.67
3.77
6.63
Long-Term Debt Payments
-3.75
-7.72
-4.47
-5.50
-7.79
Net Short-Term Debt Issuance
—
—
—
—
—
Net Common Stock Issuance
0.00
—
—
—
—
Common Stock Issuance
0.00
—
—
—
—
Common Stock Payments
—
—
—
—
—
Cash Dividends Paid
—
—
—
—
—
Net Other Financing Charges
0.07
-0.31
0.00
-0.16
-0.07
End Cash Position
2.11
2.73
3.28
3.86
4.14
Changes in Cash
0.18
0.10
0.22
0.15
0.21
Beginning Cash Position
1.93
2.64
3.06
3.70
3.93
Capital Expenditure
-2.91
-2.60
-2.68
-3.78
-4.09
Issuance of Capital Stock
0.00
—
—
—
—
Issuance of Debt
1.07
4.82
1.67
4.61
7.47
Repayment of Debt
-3.75
-7.72
-4.47
-5.50
-8.70
Repurchase of Capital Stock
—
—
—
—
—
Free Cash Flow
-0.73
1.21
1.30
-0.68
0.28