American Airlines Group Inc. (AAL)
NASDAQ: AAL · Real-Time Price · USD
14.81
+0.47 (3.28%)
At close: Dec 5, 2025, 4:00 PM EST
14.79
-0.02 (-0.14%)
After-hours: Dec 5, 2025, 7:55 PM EST
American Airlines Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | +20 Quarters |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 | Dec '20 Dec 31, 2020 | +20 Quarters |
Net Income | 602 | 567 | 685 | 846 | 275 | -121 | 500 | 822 | 1,606 | 2,634 | 1,772 | 127 | -1,608 | -1,921 | -2,378 | -1,993 | -3,239 | -5,808 | -7,894 | -8,885 | Upgrade |
Depreciation & Amortization | 2,245 | 2,245 | 2,243 | 2,245 | 2,221 | 2,229 | 2,238 | 2,254 | 2,267 | 2,272 | 2,292 | 2,298 | 2,386 | 2,371 | 2,349 | 2,335 | 2,241 | 2,102 | 2,288 | 2,370 | Upgrade |
Loss (Gain) From Sale of Assets | - | - | - | - | - | - | - | - | - | - | - | - | -22 | -22 | -22 | - | -95 | -95 | -95 | -95 | Upgrade |
Stock-Based Compensation | 92 | 92 | 92 | 92 | 102 | 102 | 102 | 102 | 78 | 78 | 78 | 78 | 98 | 98 | 98 | 98 | 91 | 91 | 91 | 91 | Upgrade |
Other Operating Activities | 17 | 375 | 424 | -15 | -600 | -431 | -426 | 389 | 1,227 | -457 | 361 | -148 | -764 | -1,583 | 627 | -777 | -1,174 | 670 | -1,808 | -1,241 | Upgrade |
Change in Accounts Receivable | 35 | 35 | 35 | 35 | 95 | 95 | 95 | 95 | -637 | -637 | -637 | -637 | -304 | -304 | -304 | -304 | 538 | 538 | 538 | 538 | Upgrade |
Change in Accounts Payable | 257 | 257 | 257 | 257 | 209 | 209 | 209 | 209 | 585 | 585 | 585 | 360 | 461 | 461 | 461 | 461 | -626 | -626 | -626 | -626 | Upgrade |
Change in Unearned Revenue | 1,286 | 1,286 | 1,286 | 1,286 | -363 | -363 | -363 | -363 | 668 | 668 | 668 | 668 | 1,394 | 1,394 | 1,394 | 1,394 | 529 | 529 | 529 | 529 | Upgrade |
Change in Other Net Operating Assets | -763 | -763 | -763 | -763 | 295 | 295 | 295 | 295 | -798 | -798 | -798 | -573 | -510 | -510 | -510 | -510 | 776 | 776 | 776 | 776 | Upgrade |
Operating Cash Flow | 3,771 | 4,094 | 4,259 | 3,983 | 2,234 | 2,015 | 2,650 | 3,803 | 4,996 | 4,345 | 4,321 | 2,173 | 1,131 | -16 | 1,715 | 704 | -959 | -1,823 | -6,201 | -6,543 | Upgrade |
Operating Cash Flow Growth | 68.80% | 103.18% | 60.72% | 4.73% | -55.28% | -53.63% | -38.67% | 75.01% | 341.73% | - | 151.95% | 208.67% | - | - | - | - | - | - | - | - | Upgrade |
Capital Expenditures | -2,889 | -2,531 | -2,683 | -2,683 | -2,786 | -2,827 | -2,915 | -2,596 | -2,439 | -2,385 | -2,244 | -2,546 | -2,137 | -1,740 | -1,177 | -208 | -456 | -975 | -1,328 | -2,131 | Upgrade |
Sale of Property, Plant & Equipment | - | - | - | - | - | - | - | - | 147 | 128 | 147 | - | 12 | 51 | 85 | 374 | 281 | 364 | 424 | 351 | Upgrade |
Investment in Securities | 1,589 | 91 | 1,064 | 819 | 2,377 | 3,636 | 3,301 | 1,538 | 834 | 611 | 875 | 3,394 | 3,154 | 5,296 | 1,637 | -5,559 | -6,165 | -8,227 | -10,588 | -3,070 | Upgrade |
Other Investing Activities | 662 | 886 | 963 | 896 | 734 | 542 | 392 | 556 | 349 | 237 | -167 | -212 | -207 | -254 | -147 | -590 | 315 | 421 | 160 | 508 | Upgrade |
Investing Cash Flow | -638 | -1,554 | -656 | -968 | 325 | 1,351 | 778 | -502 | -1,109 | -1,409 | -1,389 | 636 | 822 | 3,353 | 398 | -5,983 | -6,025 | -8,417 | -11,332 | -4,342 | Upgrade |
Long-Term Debt Issued | - | - | - | 1,670 | - | - | - | 4,822 | - | - | - | 1,069 | - | - | - | 12,190 | - | - | - | 11,780 | Upgrade |
Total Debt Issued | 2,587 | 2,802 | 1,747 | 1,670 | 3,750 | 3,206 | 3,246 | 4,822 | 2,694 | 2,638 | 2,526 | 1,069 | 793 | 668 | 1,696 | 12,190 | 12,312 | 14,412 | 20,943 | 11,780 | Upgrade |
Long-Term Debt Repaid | - | - | - | -4,467 | - | - | - | -7,718 | - | - | - | -3,752 | - | - | - | -7,343 | - | - | - | -3,535 | Upgrade |
Total Debt Repaid | -5,856 | -4,996 | -4,956 | -4,467 | -5,792 | -6,308 | -6,265 | -7,718 | -6,338 | -5,339 | -5,417 | -3,752 | -2,742 | -3,962 | -3,950 | -7,343 | -7,156 | -6,098 | -6,663 | -3,535 | Upgrade |
Net Debt Issued (Repaid) | -3,269 | -2,194 | -3,209 | -2,797 | -2,042 | -3,102 | -3,019 | -2,896 | -3,644 | -2,701 | -2,891 | -2,683 | -1,949 | -3,294 | -2,254 | 4,847 | 5,156 | 8,314 | 14,280 | 8,245 | Upgrade |
Issuance of Common Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 144 | 460 | 1,903 | 1,903 | 3,286 | 2,970 | Upgrade |
Repurchase of Common Stock | - | - | - | - | - | - | - | - | - | - | - | - | -5 | -5 | -5 | - | -13 | -13 | -15 | -173 | Upgrade |
Common Dividends Paid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -43 | Upgrade |
Other Financing Activities | 141 | -155 | -166 | 3 | -271 | -303 | -290 | -310 | -32 | 7 | 31 | 52 | 46 | 34 | 80 | -19 | 72 | 34 | -70 | -5 | Upgrade |
Financing Cash Flow | -3,128 | -2,349 | -3,375 | -2,794 | -2,313 | -3,405 | -3,309 | -3,206 | -3,676 | -2,694 | -2,860 | -2,631 | -1,908 | -3,265 | -2,035 | 5,288 | 7,118 | 10,238 | 17,481 | 10,994 | Upgrade |
Net Cash Flow | 5 | 191 | 228 | 221 | 246 | -39 | 119 | 95 | 211 | 242 | 72 | 178 | 45 | 72 | 78 | 9 | 134 | -2 | -52 | 109 | Upgrade |
Free Cash Flow | 882 | 1,563 | 1,576 | 1,300 | -552 | -812 | -265 | 1,207 | 2,557 | 1,960 | 2,077 | -373 | -1,006 | -1,756 | 538 | 496 | -1,415 | -2,798 | -7,529 | -8,674 | Upgrade |
Free Cash Flow Growth | - | - | - | 7.70% | - | - | - | - | - | - | 286.06% | - | - | - | - | - | - | - | - | - | Upgrade |
Free Cash Flow Margin | 1.62% | 2.88% | 2.91% | 2.40% | -1.03% | -1.52% | -0.50% | 2.29% | 4.83% | 3.71% | 3.97% | -0.76% | -2.23% | -4.31% | 1.55% | 1.66% | -5.78% | -14.97% | -58.68% | -50.03% | Upgrade |
Free Cash Flow Per Share | 1.22 | 2.26 | 2.18 | 1.80 | -0.82 | -1.24 | -0.37 | 1.68 | 3.61 | 2.84 | 3.16 | -0.57 | -1.55 | -2.70 | 0.83 | 0.77 | -2.27 | -4.74 | -14.04 | -17.93 | Upgrade |
Cash Income Tax Paid | 15 | 12 | 7 | 8 | 8 | 9 | 10 | 6 | 4 | 3 | 3 | 2 | 3 | 4 | 3 | 3 | 6 | 5 | 4 | 6 | Upgrade |
Levered Free Cash Flow | 422.5 | 1,132 | 827.38 | 1,001 | 445.38 | 675 | 351.63 | 1,580 | 3,097 | 708.63 | 2,148 | 73.88 | 540.75 | 255.88 | 1,548 | 723.75 | -1,371 | -3,134 | -8,359 | -9,026 | Upgrade |
Unlevered Free Cash Flow | 1,525 | 2,263 | 1,993 | 2,209 | 1,685 | 1,951 | 1,665 | 2,920 | 4,446 | 2,032 | 3,423 | 1,300 | 1,727 | 1,428 | 2,730 | 1,849 | -303.25 | -2,152 | -7,521 | -8,259 | Upgrade |
Change in Working Capital | 815 | 815 | 815 | 815 | 236 | 236 | 236 | 236 | -182 | -182 | -182 | -182 | 1,041 | 1,041 | 1,041 | 1,041 | 1,217 | 1,217 | 1,217 | 1,217 | Upgrade |
Updated Oct 23, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.