AAL NASDAQ
American Airlines Group Inc.
1W: +4.5%
1M: -12.0%
3M: -20.6%
YTD: -21.2%
1Y: -4.5%
3Y: +6.5%
5Y: -38.5%
$12.62
+0.41 (+3.40%)
Weekly Expected Move ±5.5%
$11
$11
$12
$13
$13
Credit Risk of going bust: higher than 82% of companies Debt: 81.8% of company value Bonds: $724.6M held by 517 funds, 104 bp over Treasuries → details ▾
Of US companies ranked in the second-riskiest tenth, about 1 in 87 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $2.16 (down 82%), American Airlines Group Inc. would be worth roughly what it owes.
Total debt $36.27B against a stock market value of $8.08B.
Distance to default 2.47 (Merton model): prices to 2026-10-26, balance sheet 2026-09-30, debt counted $16.66B (short-term plus half of long-term), stock volatility 47.5%; Altman Z'' -1.65. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $2.16 (down 82%), American Airlines Group Inc. would be worth roughly what it owes.
Total debt $36.27B against a stock market value of $8.08B.
Distance to default 2.47 (Merton model): prices to 2026-10-26, balance sheet 2026-09-30, debt counted $16.66B (short-term plus half of long-term), stock volatility 47.5%; Altman Z'' -1.65. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Financials
Income Statement
Cash Flow
Balance Sheet
Earnings
Dividends
Analysis
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ESG
Institutions
ETF Exposure
Dark Pool
Short Interest
Supply Chain
Cash Flow Trends
Operating Cash Flow
$3.1B
-22.2% ▼
Capital Expenditures
$3.8B
-40.8% ▼
5Y CAGR: +14.1%
Free Cash Flow
-$680M
-152.3% ▼
Dividends Paid
$0
+0.0% ▲
Buybacks
$0
+0.0% ▲
Net Change in Cash
$303M
+265.1% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | -$2.0B | $127M | $822M | $846M | $111M |
| Depreciation & Amort. | $2.3B | $2.0B | $1.9B | $1.9B | $2.2B |
| Stock-Based Comp. | $0 | $0 | $0 | $0 | $0 |
| Change in Working Capital | $1.0B | -$182M | $236M | $815M | $746M |
| Other Non-Cash Items | -$124M | $186M | $510M | $88M | -$56M |
| Operating Cash Flow | $704M | $2.2B | $3.8B | $4.0B | $3.1B |
| — Investing Activities — | |||||
| Capital Expenditures | -$412M | -$2.9B | -$2.6B | -$2.7B | -$3.8B |
| Acquisitions (Net) | $374M | $147M | $230M | $654M | $344M |
| Investment Purchases | -$19.9B | -$11.6B | -$7.3B | -$7.2B | -$4.9B |
| Investment Sales | $13.9B | $15.0B | $8.9B | $8.2B | $6.2B |
| Other Investing | $10M | $0 | $275M | $65M | $254M |
| Investing Cash Flow | -$6.0B | $636M | -$502M | -$968M | -$1.9B |
| — Financing Activities — | |||||
| Net Debt Issuance | $4.6B | -$2.7B | -$2.9B | -$2.8B | -$891M |
| Stock Repurchased | -$18M | -$21M | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing | $208M | $77M | -$310M | $3M | -$160M |
| Financing Cash Flow | $5.3B | -$2.6B | -$3.2B | -$2.8B | -$1.1B |
| Net Change in Cash | -$130M | $802M | $181M | $83M | $303M |
| Cash End of Period | $516M | $1.3B | $1.5B | $1.6B | $1.9B |
| Free Cash Flow | $292M | -$733M | $1.2B | $1.3B | -$680M |