American AirlinesAALRevenue: is the business selling more than it used to?
$54.6B+1% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $54.6B in 2025, compounding +4% a year since 2022 and the pace is picking up. The trailing twelve months are already running at $58.3B, ahead of the last full year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALNet income: how much of that revenue becomes profit?
$111M−87% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $111M in 2025, compounding -4% a year over three years. Earnings per share moved -157% over the last twelve months. Trailing twelve-month profit stands at $-326M.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALHow fast is it growing, year by year?
+0.8%revenue growth, FY 2025
Off the axis: 2020 earnings -627.0% · 2023 earnings +547.2% - rebounds off a collapsed prior year.
→Revenue grew +1% in 2025 against a five-year average of +30%. Earnings went the other way (-87%) even as sales grew, so margins compressed: costs rose faster than revenue. 2020's swing into loss (-627%) and 2023's +547% earnings rebound off a collapsed base sits off the axis.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALRevenue per share: is your slice growing as fast as the company?
$82.65revenue per share, FY 2025
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Revenue per share reached $82.65 in 2025, compounding +3% a year - in line with AAL's own +4%, so the share count is not distorting your slice. Free cash flow per share stands at $-1.03.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALFree cash flow: what is left in real cash after everything?
$-680MFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→The business consumed $680M of cash in 2025 after investment. Growth is being funded from the balance sheet, not from operations.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALHow much of every sales dollar ends up as free cash?
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Free cash flow is negative, so no share of revenue is currently converting to spare cash. Every sales dollar is being reinvested or consumed.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALWhat does staying competitive cost, per dollar of sales?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The biggest claim on each sales dollar is capital spending, at 7% of revenue (stock compensation 0%). That share has risen since 2022, so the cost of competing is climbing.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALWhen sales grow, do profits grow faster?
→Operating profit outgrew revenue in only 2 of the last 5 years. Costs are growing roughly in step with the business, so scale isn't yet paying for itself.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALMargins: of every $1 of sales, how much survives each cost layer?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Operating margin has held near 3% since 2022. After everything, 0 cents of each sales dollar reaches net profit. AAL doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALWhat does it earn on the money it uses?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Return on capital needs both a profit and an equity base; one of them isn't available here.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALWhat has the market paid for AAL over time?
0.1xP/S today
→At 0.1x sales, the market is paying 65% less than AAL's own 11-year median of 0.4x. Pessimism is priced in - the question is whether it is deserved. Today's multiple is the lowest in the charted history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALWhat cash return does the business throw off per dollar of market value?
3.3%FCF yield today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→Every dollar of market value currently buys 3.3% of annual free cash flow, less than its 11-year median of -1.1% - you are paying up for the same cash.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALCould it handle its debt if things went wrong?
◌ 2026 = the latest balance sheet (2026-06-30), not a fiscal year-end
→Debt of $28.2B sits against $1.1B of cash. Earnings cover interest only 0.6 times, which is thin.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALIs the company's own capital growing?
→Shareholders' equity is negative at $-4.0B: liabilities exceed assets. Usually the mark of heavy buybacks or accumulated losses, and always worth understanding which.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALHow much goes back, and how much leaks out as stock comp?
→Shareholders received $21M in buybacks and $43M in dividends in 2022. Stock compensation issued $57M of new shares in the same year, offsetting 89% of that.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALHow fast is your ownership being diluted - or concentrated?
→The share count shrank 8.4% in 2025. Buybacks are concentrating your ownership: the same business, split fewer ways.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALIs the dividend cheque growing?
→The dividend per share reached $0.09 in 2020, compounding -26% a year since 2015.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALCan it afford the dividend?
→The dividend consumed 11% of profit and 28% of free cash flow in 2019. That leaves room to keep paying through a weak year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALDoes AAL earn more on its capital than that capital costs?
→AAL earns 3.9% on the capital it employs, below the 10% most investors treat as the cost of capital. It was 3.7% in 2022, so the trend is up, and the pace is picking up.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALAAL has issued or retired shares - did shareholders end up better off?
→AAL issued +429% more shares from 2011 to 2025 and revenue per share still fell -13%. On this measure the new shares have not paid for themselves.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
American AirlinesAALAre the people running it buying or selling?
→Insiders sold $6M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 39 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30