American Airlines Group Inc.
- Open
- 13.37
- Day high
- 13.49
- Day low
- 13.27
- Prev close
- 13.64
- Volume
- 68.7M
- Mkt cap
- $8.9B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- -2.2
- P/S
- 0.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$4.3M over the last 3 months (0 open-market buys, 6 sales)
- 🏛Institutions accumulating (13F)
American Airlines Group Inc. (AAL) is a Industrials company listed on NASDAQ. The stock is up 0% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 6 sales (SEC Form 4). Drillr has 12 published research articles covering AAL.
American Airlines Group Inc. (AAL) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 14 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
AAL earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 23, 2026 | $0.03 | $0.15 | +400.0% | $16.7B | +0.8% |
| Apr 23, 2026 | $-0.45 | $-0.40 | +11.1% | $13.9B | +1.3% |
| Jan 27, 2026 | $0.38 | $0.16 | -57.9% | $14.0B | +3.4% |
| Oct 23, 2025 | $-0.28 | $-0.17 | +38.9% | $13.7B | +0.4% |
| Jul 24, 2025 | $0.78 | $0.95 | +21.8% | $14.4B | +0.6% |
| Apr 24, 2025 | $-0.69 | $-0.59 | +15.0% | $12.6B | -0.0% |
| Jan 23, 2025 | $0.39 | $0.86 | +120.5% | $13.7B | +3.9% |
| Oct 24, 2024 | $0.18 | $0.30 | +66.9% | $13.6B | +1.1% |
| Jul 25, 2024 | $1.05 | $1.09 | +3.8% | $14.3B | -0.3% |
| Apr 25, 2024 | $-0.27 | $-0.34 | -26.6% | $12.6B | -0.5% |
| Jan 25, 2024 | $0.06 | $0.29 | +383.3% | $13.1B | -0.6% |
| Oct 19, 2023 | $0.26 | $0.38 | +46.2% | $13.5B | +0.9% |
AAL insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 3, 2026 | Johnson Stephen Lofficer: Vice Chair | Sell | 30,000 | $15.26 |
| Jul 31, 2026 | Owens Angelaofficer: SVP Corporate Controller | Sell | 40,077 | $15.26 |
| Jul 29, 2026 | Johnson Stephen Lofficer: Vice Chair | Sell | 30,000 | $14.67 |
| Jul 29, 2026 | Owens Angelaofficer: SVP Corporate Controller | Sell | 39,168 | $15.34 |
| Jul 16, 2026 | DIETRICH JOHN Wdirector | Grant | 8,676 | — |
| Jul 13, 2026 | Seymour Davidofficer: EVP Chief Operating Officer | Tax | 4,801 | $16.95 |
| Jun 26, 2026 | Seymour Davidofficer: EVP Chief Operating Officer | Sell | 56,456 | $18.00 |
| Jun 26, 2026 | Seymour Davidofficer: EVP Chief Operating Officer | Sell | 69,343 | $17.00 |
| Jun 12, 2026 | Dillon Mary Ndirector | Grant | 11,177 | — |
| Jun 12, 2026 | STEENLAND DOUGLAS Mdirector | Grant | 11,177 | — |
| Jun 12, 2026 | Ungerleider Howard Idirector | Grant | 11,177 | — |
| Jun 12, 2026 | Brown Adriane Mdirector | Grant | 11,177 | — |
| Jun 12, 2026 | Reynal Vicentedirector | Grant | 11,177 | — |
| Jun 12, 2026 | KRONICK SUSAN Ddirector | Grant | 11,177 | — |
| Jun 12, 2026 | CAHILL JOHN Tdirector | Grant | 11,177 | — |
Source: AAL SEC Form 4 filings, latest Aug 3, 2026. For informational purposes only — not investment advice.
See the full AAL insider & 13F page →AAL research & analysis
DAL, UAL, AAL: Iran Jet Fuel Shock Slams Airline Margins
IATA warns global airlines face $100B jet fuel shock from Iran energy spike, with profits potentially halved. What it means for DAL, UAL, AAL.
DALUALJETSAAL: Can Airlines Pass Iran-Driven Fuel Spike to Summer Tickets
Airlines are raising fares and cutting forecasts as Iran conflict-driven jet fuel costs spike heading into summer 2026. United's "uncharted territory" comment and Alaska Air's confirmation that fares won't drop signal 10-20% fare increases are underway — but demand response remains uncertain. Short AAL into Q2 earnings as its leveraged balance sheet and weak pricing power leave it most exposed if summer bookings decline >8% YoY.
DALUALLUVSouthwest's Fuel Warning Dwarfs Delta's $100 Per Long-Haul Flight
Southwest's fuel cost warning has been mispriced as sector-wide pain. The $100 per long-haul flight cost surge hits Delta, American and United 3-14x harder than domestic-focused Southwest and Alaska due to international route exposure. Short long-haul carriers against domestic operators targets 5-10% relative return over 90 days as Q2 earnings reveal the gap.
DALUALLUVAirlines' Jet Fuel Costs Dwarf Refiners' Crack Spread Gains by 3:1 Margin
Persistent $150 crude jet fuel prices create a zero-sum margin transfer: airlines lose 8-10% operating income while refiners gain 12-15%. The market's focus on passenger surcharges misses the structural asymmetry. Long VLO/MPC paired with AAL/LUV targets +10-15% relative return over 3-6 months, breaking if jet fuel reverts to $90 by September or airlines outperform refiners by 5%+ over 120 days.
DALLUVVLOTransat Axes Hundreds of Flights as Iran War Spurs Jet Fuel Surge
Transat's flight cuts confirm Iran war risks post-ceasefire expiration, pointing to 8-12% TRZ downside and 7-11% gains for XOM/CVX as fuel surges. Airlines face deeper capacity pain; energy rerates higher. Breaks without military confirmations by April 29.
TRZXOMCVXApril CPI Spike: XOM and CVX Win as Higher-for-Longer Rates Crush AAL
April's fuel-driven CPI surge signals persistent US inflation, favoring oil majors XOM and CVX with production growth, banks like JPM via NII, while pressuring airlines AAL and rails UNP. Ranked picks prioritize energy exposure at reasonable valuations amid higher-for-longer rates.
XOMCVXJPMAirlines and the Oil Spike: JBLU and AAL Most Exposed as Fuel Hedge Gap Widens
US airlines' lack of fuel hedges exposes them to the April 12 Hormuz blockade-driven oil spike; JBLU and AAL most vulnerable due to losses/debt, while Delta's refinery offers protection. Ranked analysis of six carriers with financials shows clear hierarchy of pain.
JBLUALKUALHormuz Blockade Could Spike Summer Airfares 25% — DAL Wins, AAL Most at Risk
Strait of Hormuz blockade spikes oil, threatening 2026 summer airfares and airline margins. Delta's refinery edge positions it best; high-debt AAL vulnerable. Expect 15-25% fare hikes but demand risks.
DALUALLUVTSM Poised for Re-Rating as China-Taiwan Ties Resume — AAL, DAL Face Revenue Hit
China's resumption of ties with Taiwan, including expanded direct flights, eases risks for TSM and BABA while pressuring AAL and DAL's Pacific routing revenues. TSM poised for re-rating on AI demand; airlines face yield erosion despite guidance. Bullish TSM, neutral BABA, bearish AAL.
TSMBABADAL$140 Oil Stalls Stock Rally: OXY, XOM Win as AAL, DAL Bleed
Sustained $140+ oil per Bloomberg's April 2 report stalls stocks, favoring XOM, CVX, OXY, SLB via higher realizations while crushing AAL and DAL on fuel costs. Energy winners show robust margins and FCF; airlines face EPS erosion. Ranked: OXY > XOM > CVX > SLB > DAL > AAL.
XOMCVXOXYOil Hits $150 on Hormuz Crisis: OXY, SLB Surge While AAL and DAL Face Margin Collapse
Hormuz crisis spikes oil to $150/bbl, boosting XOM, CVX, OXY, SLB via upstream cash flows while unhedged AAL and DAL face margin squeezes. OXY leads winners on Permian leverage; airlines trail on fuel exposure.
XOMCVXOXYAirline M&A: DAL and UAL Lead as DOT Greenlights More Consolidation — JBLU at Risk
DOT Secretary Duffy's endorsement of more airline M&A highlights consolidation opportunities as weaker carriers falter. Delta and United lead winners with strong balance sheets and premium strategies, while JetBlue and Allegiant face risks. Ranked picks favor low-leverage majors for market share gains.
DALUALLUV
American Airlines Group Inc. company profile
Overview
American Airlines Group Inc. (NASDAQ:AAL) is one of the world's largest airline companies, tracing its origins back to 1930. The company was formerly known as AMR Corporation until changing its name to American Airlines Group Inc. in December 2013, following its merger with US Airways. Headquartered in Fort Worth, Texas, American Airlines operates as a major network carrier providing scheduled passenger and cargo transportation services across domestic and international markets. The airline has weathered significant industry challenges including the COVID-19 pandemic and has been focused on debt reduction, operational improvements, and rebuilding its corporate and agency distribution channels following strategic missteps in recent years.
Business
American Airlines operates in the commercial aviation industry as a network carrier, which means it provides scheduled passenger air transportation services through a hub-and-spoke system. Unlike point-to-point carriers that fly direct routes between cities, network carriers use major airports as hubs where passengers can connect to reach their final destinations. The airline industry involves transporting passengers and cargo via aircraft between airports worldwide. Airlines generate revenue primarily through ticket sales for passenger transportation, cargo services, and ancillary services like baggage fees, seat upgrades, and loyalty program partnerships. The industry is highly regulated, capital-intensive, and sensitive to economic cycles, fuel prices, and external disruptions. American Airlines operates through several key hubs including Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington D.C., as well as partner gateways in London, Madrid, Seattle/Tacoma, Sydney, and Tokyo. As of December 2021, the company operated a mainline fleet of 865 aircraft, positioning it among the largest airlines globally. The company's business segments include: 1. **Passenger Transportation** (approximately 90% of revenue): This core segment involves selling seats on scheduled flights across domestic and international routes. The company offers multiple cabin classes including first class, business class, premium economy, and main cabin seating. 2. **Cargo Services** (approximately 3-5% of revenue): American transports cargo and mail using both dedicated cargo aircraft and belly space on passenger flights. 3. **Loyalty and Partnership Revenue** (approximately 5-7% of revenue): The AAdvantage frequent flyer program generates revenue through partnerships with credit card companies, hotels, car rental agencies, and other partners who purchase miles to offer as rewards to their customers.
Revenue model
American Airlines generates revenue primarily through passenger ticket sales, which account for roughly 90% of total revenue. Customers pay for seats on flights, with pricing varying based on route, timing, demand, cabin class, and booking channel. The airline also earns revenue from cargo transportation, loyalty program partnerships, and various ancillary services like baggage fees, seat upgrades, and in-flight purchases. The company's paying customers include leisure travelers, business travelers (both managed corporate accounts and unmanaged business travelers), and cargo shippers. Corporate customers typically negotiate volume discounts and flexible booking terms, while leisure travelers often book through various distribution channels including the airline's website, travel agencies, and online travel platforms. Several factors significantly impact American Airlines' profit margins: **Margin-enhancing factors** include higher passenger load factors (percentage of seats filled), premium cabin mix optimization, fuel price decreases, operational efficiency improvements, and successful yield management (pricing optimization). The company's AAdvantage loyalty program also provides higher-margin revenue through credit card partnerships and encourages customer retention. **Margin-pressuring factors** include fuel price volatility (fuel represents roughly 20-25% of operating costs), intense price competition from low-cost carriers, economic downturns that reduce travel demand, regulatory changes, labor cost increases, aircraft maintenance expenses, and airport fees. Weather disruptions and operational irregularities also create significant cost pressures through passenger compensation, crew repositioning, and schedule recovery expenses. The airline industry's high fixed costs mean that small changes in passenger volume or pricing can have outsized impacts on profitability, making revenue management and capacity planning critical to financial performance.
Competitive moat
American Airlines possesses a moderate competitive moat primarily built around its extensive hub-and-spoke network, slot-controlled airport access, and loyalty program, though this moat faces ongoing competitive pressures. The company's strongest defensive position comes from its **hub dominance** at key airports like Dallas/Fort Worth, Charlotte, and Phoenix, where it controls significant gate access and flight slots. These slots at capacity-constrained airports are valuable assets that create barriers to entry for competitors. The hub system also provides network effects - the more destinations American serves from a hub, the more valuable the network becomes to passengers seeking connectivity options. The **AAdvantage loyalty program** creates switching costs for frequent travelers who have accumulated miles and status benefits. With 70% of American's upsell and partnership revenue coming from AAdvantage members, the program demonstrates meaningful customer stickiness. The program's credit card partnerships with Citi also provide a stable revenue stream less dependent on flight operations. However, American's moat faces significant challenges. The airline industry is inherently **commoditized** - passengers often choose flights based primarily on price, schedule, and route availability rather than brand loyalty. Low-cost carriers like Southwest and ultra-low-cost carriers continue to pressure pricing power on many routes. Additionally, American's previous distribution strategy missteps that reduced its presence in corporate and agency channels weakened its competitive position, requiring ongoing investment to rebuild market share. The company's **fleet age advantage** (youngest among U.S. network carriers) provides some operational efficiency benefits, but this advantage is temporary as competitors modernize their fleets. Overall, while American maintains competitive advantages in specific markets and customer segments, the airline industry's structural challenges limit the sustainability and strength of these moats compared to businesses with stronger pricing power or network effects.
Risks & safety
American Airlines presents **moderate financial risk** with improving but still concerning leverage metrics and cyclical cash flow patterns. **Debt and Solvency:** - Total debt reduced to approximately $35-40 billion from peak pandemic levels above $50 billion - Debt-to-equity ratio of -9.4 (negative equity due to accumulated losses) - Current ratio of 0.54, indicating potential short-term liquidity pressure - Cash and short-term investments of only $804 million against $24.3 billion current liabilities - Company targeting further debt reduction to under $35 billion by 2027 **Cash Flow and Operations:** - Generated positive free cash flow of $1.3 billion in 2024, improving from negative territory - Operating cash flow of $4.0 billion in 2024 demonstrates operational cash generation capability - EBITDA of $5.0 billion provides reasonable debt service coverage - Highly cyclical and volatile cash flows sensitive to economic conditions and external shocks **Valuation Metrics:** - EV/EBITDA of 9.6x appears reasonable for current earnings power - Price-to-book ratio negative due to accumulated losses and debt burden - Trading at significant discount to historical valuations, reflecting market skepticism **Other Considerations:** - High fixed cost structure creates operational leverage in both directions - Exposure to fuel price volatility, though some hedging programs in place - Labor agreements recently negotiated provide cost certainty through 2027 - Capital expenditure requirements for fleet renewal create ongoing cash demands
Recent development
Over the past few years, American Airlines has undergone significant strategic shifts focused on **revenue recovery and operational excellence**. The most notable development was the company's recognition in 2024 that its previous sales and distribution strategy implemented in 2023 was fundamentally flawed. This strategy had attempted to push customers toward direct booking channels by reducing content availability through traditional travel agencies and differentiating AAdvantage mile earning based on booking location. The strategic reversal included **reinstating fares in traditional travel agency distribution channels**, eliminating plans to differentiate mile earning, expanding AAdvantage Business Program benefits, and rebuilding sales and support teams. Management identified a $1.5 billion revenue gap from the failed distribution strategy and expects to fully restore this revenue by the end of 2025. **Fleet modernization and premium product expansion** have been key focus areas. The company plans to grow its international long-haul capable fleet from 125 to nearly 200 aircraft by 2029, with 40 A321XLR aircraft expected by 2029. American is expanding premium seating capacity by approximately 50% by the end of the decade and introducing new flagship suite seats on 787-9 and A321XLR aircraft. **Technology and customer experience investments** include installing high-speed satellite Wi-Fi across the fleet, redesigning the mobile app, expanding flagship lounges, and announcing complimentary high-speed Wi-Fi for AAdvantage members beginning in January 2026. The company established a new customer experience organization to coordinate these initiatives. **Financial discipline** has been a major theme, with American achieving its goal of reducing total debt by more than $15 billion from peak levels ahead of schedule. The company signed a new 10-year exclusive agreement with Citi for the AAdvantage credit card portfolio and has focused on generating consistent free cash flow while targeting further debt reduction to under $35 billion by 2027.
AAL company profile · for informational purposes only — not investment advice.
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