American Airlines Group Inc. bonds AAL
Who owns American Airlines Group Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. AAL stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 02377AAA6 | 3.7% fixed | 2026-10-01 | USD | 99.67 | 4.68% | 106 bp | 4 | $6.5M | May 2026 |
| 023770AA8 | 3.375% fixed | 2027-05-01 | USD | 98.72 | 5.13% | 118 bp | 2 | $2.5M | Jul 2026 |
| 02377BAB2 | 3.6% fixed | 2027-09-22 | USD | 98.72 | 4.76% | 69 bp | 5 | $3.8M | Jul 2026 |
| 02377BAA4 | 4% fixed | 2027-09-22 | USD | 98.42 | 5.44% | 137 bp | 2 | $6.3M | Jul 2026 |
| 02376UAA3 | 3.575% fixed | 2028-01-15 | USD | 98.03 | 4.99% | 86 bp | 9 | $5.8M | Jul 2026 |
| 02376WAA9 | 4.1% fixed | 2028-01-15 | USD | 98.13 | 5.45% | 132 bp | 2 | $2.2M | Jul 2026 |
| 02379DAA8 | 3.85% fixed | 2028-02-15 | USD | 97.99 | 5.22% | 108 bp | 1 | $1.0M | Jul 2026 |
| 023771T32 | 7.25% fixed | 2028-02-15 | USD | 100.85 | 6.65% | 251 bp | 34 | $91.0M | Jul 2026 |
| 023764AA1 | 3.65% fixed | 2028-06-15 | USD | 96.78 | 5.40% | 130 bp | 5 | $7.4M | Jun 2026 |
| 023771R91 | 3% fixed | 2028-10-15 | USD | 96.38 | 4.75% | 52 bp | 5 | $2.6M | Jul 2026 |
| 023771S25 | 3.25% fixed | 2028-10-15 | USD | 95.45 | 5.46% | 123 bp | 2 | $387K | Jul 2026 |
| 023761AA7 | 3.65% fixed | 2029-02-15 | USD | 97.53 | 4.69% | 45 bp | 9 | $12.4M | Jul 2026 |
| 02378AAA5 | 4% fixed | 2029-02-15 | USD | 96.52 | 5.48% | 124 bp | 3 | $4.5M | Jul 2026 |
| 00253XAB7 | 5.75% fixed | 2029-04-20 | USD | 99.49 | 5.95% | 170 bp | 76 | $289.2M | Jul 2026 |
| 02377CAA2 | 3.6% fixed | 2029-10-15 | USD | 94.52 | 5.48% | 122 bp | 5 | $7.7M | Jul 2026 |
| 02376LAA3 | 3.95% fixed | 2030-07-11 | USD | 94.80 | 5.43% | 114 bp | 13 | $6.1M | Jul 2026 |
| 02377LAA2 | 3.15% fixed | 2032-02-15 | USD | 93.67 | 4.45% | 8 bp | 10 | $6.8M | Jul 2026 |
| 02378MAA9 | 3.5% fixed | 2032-02-15 | USD | 91.35 | 5.32% | 96 bp | 2 | $3.0M | Jul 2026 |
| 02379KAA2 | 2.875% fixed | 2034-07-11 | USD | 88.49 | 4.62% | 12 bp | 8 | $8.7M | Jul 2026 |
| 02377PAA3 | 5.65% fixed | 2034-11-11 | USD | 97.62 | 6.02% | 150 bp | 11 | $22.9M | Jul 2026 |
| 02380KAA9 | 5.75% fixed | 2035-05-10 | USD | 98.18 | 6.02% | 148 bp | 18 | $29.3M | Jul 2026 |
| 02377TAB3 | 6.3% fixed | 2035-08-20 | USD | 99.97 | 6.30% | 175 bp | 8 | $36.0M | Jul 2026 |
| 02377NAA8 | 4.9% fixed | 2038-05-11 | USD | 95.35 | 5.44% | 75 bp | 12 | $15.2M | Jul 2026 |
| 02379VAA8 | 5.25% fixed | 2038-11-10 | USD | 97.10 | 5.58% | 86 bp | 16 | $110.2M | Jul 2026 |
| 02377TAA5 | 5.7% fixed | 2039-02-20 | USD | 100.01 | 5.70% | 97 bp | 17 | $57.0M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 23 | $724.6M | 97.61 | 5.45% | 111 bp | 76 |
| Jun 2026 | 22 | $1.62B | 97.82 | 5.20% | 97 bp | 132 |
| May 2026 | 22 | $845.4M | 97.55 | 5.19% | 103 bp | 50 |
| Apr 2026 | 22 | $710.6M | 97.97 | 5.14% | 130 bp | 81 |
| Mar 2026 | 23 | $1.62B | 97.43 | 5.11% | 133 bp | 142 |
| Feb 2026 | 22 | $772.0M | 98.79 | 4.69% | 102 bp | 50 |
| Jan 2026 | 22 | $754.8M | 98.55 | 4.89% | 120 bp | 82 |
| Dec 2025 | 24 | $2.02B | 98.47 | 4.91% | 126 bp | 152 |
| Nov 2025 | 22 | $897.2M | 98.20 | 4.85% | 117 bp | 47 |
| Oct 2025 | 22 | $766.5M | 98.15 | 5.04% | 134 bp | 81 |
| Sep 2025 | 26 | $2.15B | 97.49 | 5.03% | 137 bp | 140 |
| Aug 2025 | 25 | $873.1M | 97.40 | 5.04% | 121 bp | 47 |
| Jul 2025 | 24 | $749.8M | 96.87 | 5.24% | 134 bp | 83 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 135 added, 221 cut, 31 new holders and 103 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $275.0M | $275.7M | -$20.7M |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $258.9M | $247.9M | $50.6M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $165.2M | $164.6M | -$7.8M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $157.6M | $154.6M | $38.1M |
| PIMCO Total Return Fund PIMCO FUNDS | 2026-06-30 | $110.8M | $107.8M | $17.2M |
| PIMCO Income Fund PIMCO FUNDS | 2026-06-30 | $89.1M | $85.5M | -$15.0M |
| The Osterweis Strategic Income Fund Professionally Managed Portfolios | 2026-06-30 | $73.8M | $74.5M | -$3.6M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $70.7M | $70.6M | $1.4M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $69.4M | $69.5M | $3.8M |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $70.9M | $68.1M | $12.1M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $59.4M | $55.4M | $9.1M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $51.7M | $51.7M | -$1.7M |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $50.9M | $50.7M | -$27.2M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $46.9M | $46.9M | -$2.5M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $45.1M | $43.0M | $6.3M |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $39.1M | $39.3M | -$1.4M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $41.6M | $39.2M | $6.1M |
| Investment Grade Bond Fund John Hancock Bond Trust | 2026-05-31 | $38.5M | $36.8M | $11.1M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $34.2M | $34.4M | $8.1M |
| PIMCO Investment Grade Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $33.1M | $31.9M | $3.5M |
| Balanced Fund John Hancock Investment Trust | 2026-07-31 | $32.6M | $31.1M | $7.6M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $30.6M | $30.6M | -$2.3M |
| Schwab Core Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $27.3M | $25.4M | $2.8M |
| John Hancock Core Bond ETF John Hancock Exchange-Traded Fund Trust | 2026-06-30 | $25.4M | $24.4M | $6.5M |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $23.5M | $23.5M | -$2.3M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): AB GLOBAL BOND FUND, INC. ($8.5M), PIMCO Short-Term Fund ($7.7M), Lord Abbett Short Duration Income Fund ($6.6M), Partners Group Private Equity Fund, LLC ($4.9M), Columbia Strategic Income Fund ($4.7M), CTIVP - American Century Diversified Bond Fund ($3.3M), BlackRock High Yield Portfolio ($2.7M), Principal Active High Yield ETF ($2.5M), iShares iBonds Dec 2026 Term Corporate ETF ($2.2M), THRIVENT INCOME PORTFOLIO ($2.1M).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $70.7M | $70.6M | 0.25% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $59.4M | $55.4M | 0.08% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $51.7M | $51.7M | 0.32% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 7 | $45.1M | $43.0M | 0.01% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $34.2M | $34.4M | 0.30% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $30.6M | $30.6M | 0.40% |
| SCCR Schwab Core Bond ETF | 2026-06-30 | 6 | $27.3M | $25.4M | 1.70% |
| JHCR John Hancock Core Bond ETF | 2026-06-30 | 12 | $25.4M | $24.4M | 1.05% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 2 | $23.1M | $23.2M | 0.48% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 2 | $21.1M | $21.2M | 0.96% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 4 | $17.0M | $16.1M | 0.03% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 9 | $16.6M | $15.8M | 0.01% |
| BOND PIMCO Active Bond Exchange-Traded Fund | 2026-06-30 | 3 | $12.7M | $12.5M | 0.15% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $10.5M | $10.5M | 0.62% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 2 | $9.8M | $9.8M | 0.08% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 2.46: safer than 19% of companies (17th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $7.75B |
| Debt barrier (short-term + ½ long-term debt) | $16.01B |
| Equity volatility (1 year) | 47.8% |
| Asset value / asset volatility (solved) | $23.08B / 16.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 111 bp spread prices in about 1.8% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z'' = -1.55 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in AAL's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 60 | $25.7M | 0 | — | 2 | $99K | 0 |
| 2026-06-30 | 567 | $9.19B | 51 | $1.99B | 42 | $864.2M | 0 |
| 2026-03-31 | 551 | $4.02B | 49 | $1.61B | 44 | $678.4M | 0 |
| 2025-12-31 | 540 | $7.06B | 52 | $2.17B | 37 | $964.3M | 1 |
| 2025-09-30 | 538 | $5.13B | 61 | $1.95B | 40 | $747.0M | 1 |
| 2025-06-30 | 555 | $4.82B | 52 | $3.14B | 37 | $828.2M | 47 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.