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American Airlines Group Inc. (AAL)
NASDAQ: AAL · Real-Time Price · USD
12.78
+0.20 (1.59%)
At close: Oct 29, 2026, 4:00 PM EDT
12.68
-0.10 (-0.78%)
Pre-market: Oct 30, 2026, 4:51 AM EDT

American Airlines Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
-481111846822127-1,993
Depreciation & Amortization
2,2792,2192,2452,2542,2982,335
Stock-Based Compensation
5757921027898
Other Operating Activities
1,666-34-15389-148-777
Change in Accounts Receivable
-74-743595-637-304
Change in Accounts Payable
335335257209360461
Change in Unearned Revenue
9099091,286-3636681,394
Change in Other Net Operating Assets
-424-424-763295-573-510
Operating Cash Flow
4,2673,0993,9833,8032,173704
Operating Cash Flow Growth
13.15%-22.19%4.73%75.01%208.67%-

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-4,358-3,779-2,683-2,596-2,546-208
Sale of Property, Plant & Equipment
-----374
Investment in Securities
-1,1341,2848191,5383,394-5,559
Other Investing Activities
277601896556-212-590
Investing Cash Flow
-5,215-1,894-968-502636-5,983

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Short-Term Debt Issued
-84074---
Long-Term Debt Issued
-3,7731,6704,8221,06912,190
Total Debt Issued
8,3774,6131,7444,8221,06912,190
Long-Term Debt Repaid
--5,504-4,467-7,718-3,752-7,343
Net Debt Issued (Repaid)
1,613-891-2,723-2,896-2,6834,847
Issuance of Common Stock
-----460
Other Financing Activities
-375-160-71-31052-19
Financing Cash Flow
1,238-1,051-2,794-3,206-2,6315,288

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
290154221951789

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
-91-6801,3001,207-373496
Free Cash Flow Growth
--7.70%---
Free Cash Flow Margin
-0.15%-1.24%2.40%2.29%-0.76%1.66%
Free Cash Flow Per Share
-0.14-1.031.801.68-0.570.77
Levered Free Cash Flow
29.25-706.75926.51,56073.88723.75
Unlevered Free Cash Flow
1,069365.752,1352,9001,3001,849

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Income Tax Paid
----23
Change in Working Capital
746746815236-1821,041
SEC Filings: 10-K · 10-Q