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American Airlines Group Inc. (AAL) Stock Fundamental Analysis & AI Rating 2026

AAL Nasdaq Air Transportation, Scheduled DE CIK: 0000006201
Updated This Month • Analysis: Mar 18, 2026 • SEC Data: 2025-12-31
📅 Next earnings: Apr 23, 2026 (in 7 days) • Pre-market ET • All earnings →
Combined AI Rating
SELL
86% Confidence
STRONG AGREEMENT
SELL
85% Conf
SELL
86% Conf

📊 AAL Key Takeaways

Revenue: $54.6B
Net Margin: 0.2%
Free Cash Flow: $-680.0M
Current Ratio: 0.50x
Debt/Equity: N/A
EPS: $0.17
AI Rating: SELL with 85% confidence
American Airlines Group Inc. (AAL) receives a SELL rating with 86% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $54.6B, net profit margin of 0.2%, American Airlines Group Inc. demonstrates mixed fundamentals in the Transportation sector. Below is our complete AAL stock analysis for 2026.

Is American Airlines Group Inc. (AAL) a Good Investment?

Claude

American Airlines faces severe financial distress with negative equity of -$3.7B, deteriorating profitability (net margin of 0.2% with 86.9% YoY net income decline), and negative free cash flow of -$680M despite $3.1B operating cash flow being consumed by $3.8B capex. The company is effectively insolvent on a balance sheet basis with massive debt burden ($24.6B long-term debt) and dangerously low liquidity (0.50x current ratio), indicating structural challenges that debt service and capital intensity present.

ChatGPT

American Airlines shows weak fundamental quality: revenue growth is minimal, net income has collapsed year over year, and margins are extremely thin. Financial health is pressured by negative equity, high long-term debt, weak liquidity, and negative free cash flow, which limits resilience if operating conditions worsen.

Why Buy American Airlines Group Inc. Stock? AAL Key Strengths

Claude
  • + Operating cash flow of $3.1B demonstrates ability to generate cash from core operations
  • + Revenue base of $54.6B shows scale and market presence in essential transportation sector
  • + Interest coverage ratio of 3.0x indicates current ability to service debt obligations
ChatGPT
  • + Large revenue base with positive year-over-year top-line growth
  • + Positive operating income and operating cash flow indicate the core business still generates cash
  • + Interest coverage of 3.0x suggests debt service remains manageable for now

AAL Stock Risks: American Airlines Group Inc. Investment Risks

Claude
  • ! Negative stockholders equity of -$3.7B indicates technical insolvency and equity completely wiped out
  • ! Negative free cash flow of -$680M means capex exceeds operating cash flow, unsustainable capital structure
  • ! Critically low current ratio of 0.50x signals severe liquidity crisis and inability to cover short-term obligations
  • ! Massive debt load of $24.6B relative to thin operating margins creates high refinancing and default risk
  • ! Net income collapsed 86.9% YoY to only $111M on $54.6B revenue (0.2% net margin), indicating operational stress
  • ! High capex requirements ($3.8B annually) unsustainable given negative FCF and debt constraints
ChatGPT
  • ! Net income fell 86.9% year over year, showing severe earnings deterioration
  • ! Negative stockholders equity and $24.64B of long-term debt reflect a highly stressed balance sheet
  • ! Current and quick ratios of 0.50x plus negative free cash flow indicate weak liquidity and limited financial flexibility

Key Metrics to Watch

Claude
  • * Free cash flow trend - must turn positive to validate debt repayment capacity
  • * Stockholders equity recovery - critical whether company can rebuild balance sheet
  • * Operating margin expansion - need sustained improvement from current 2.7% level
  • * Debt reduction progress - absolute debt levels must decline given FCF constraints
  • * Liquidity position - monitor cash levels and covenant compliance
ChatGPT
  • * Operating margin and net income recovery
  • * Free cash flow and debt reduction progress

American Airlines Group Inc. (AAL) Financial Metrics & Key Ratios

Revenue
$54.6B
Net Income
$111.0M
EPS (Diluted)
$0.17
Free Cash Flow
$-680.0M
Total Assets
$61.8B
Cash Position
$954.0M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

AAL Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 2.7%
Net Margin 0.2%
ROE N/A
ROA 0.2%
FCF Margin -1.2%

AAL vs Transportation Sector: How American Airlines Group Inc. Compares

How American Airlines Group Inc. compares to Transportation sector averages

Net Margin
AAL 0.2%
vs
Sector Avg 10.0%
AAL Sector
ROE
AAL 0.0%
vs
Sector Avg 18.0%
AAL Sector
Current Ratio
AAL 0.5x
vs
Sector Avg 1.0x
AAL Sector
Debt/Equity
AAL 0.0x
vs
Sector Avg 1.0x
AAL Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is American Airlines Group Inc. Stock Overvalued? AAL Valuation Analysis 2026

Based on fundamental analysis, American Airlines Group Inc. has mixed fundamental signals relative to the Transportation sector in 2026.

Return on Equity
N/A
Sector avg: 18%
Net Profit Margin
0.2%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 1x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

American Airlines Group Inc. Balance Sheet: AAL Debt, Cash & Liquidity

Current Ratio
0.50x
Quick Ratio
0.50x
Debt/Equity
N/A
Debt/Assets
0.0%
Interest Coverage
2.95x
Long-term Debt
$24.6B

AAL Revenue & Earnings Growth: 5-Year Financial Trend

AAL 5-year financial data: Year 2021: Revenue $45.8B, Net Income $1.7B, EPS $3.79. Year 2022: Revenue $49.0B, Net Income -$8.9B, EPS $-18.36. Year 2023: Revenue $52.8B, Net Income -$2.0B, EPS $-3.09. Year 2024: Revenue $54.2B, Net Income $127.0M, EPS $0.19. Year 2025: Revenue $54.6B, Net Income $822.0M, EPS $1.21.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: American Airlines Group Inc.'s revenue has grown significantly by 19% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.21 reflects profitable operations.

AAL Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-1.2%
Free cash flow / Revenue

AAL Quarterly Earnings & Performance

Quarterly financial performance data for American Airlines Group Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $13.6B $12.0M $0.02
Q2 2025 $14.3B $126.0M $0.19
Q1 2025 $12.6B -$312.0M $-0.48
Q3 2024 $13.5B $10.0M $-0.23
Q2 2024 $14.1B $10.0M $0.59
Q1 2024 $12.2B $10.0M $0.02
Q3 2023 $13.5B $10.0M $0.69
Q2 2023 $13.4B $10.0M $0.68

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

American Airlines Group Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$3.1B
Cash generated from operations
Stock Buybacks
$21.0M
Shares repurchased (TTM)
Capital Expenditures
$3.8B
Investment in assets
Dividends Paid
$43.0M
Returned to shareholders

AAL SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for American Airlines Group Inc. (CIK: 0000006201)

📋 Recent SEC Filings

Date Form Document Action
Mar 26, 2026 4 xslF345X06/ownership.xml View →
Mar 24, 2026 8-K aal-20260324.htm View →
Mar 17, 2026 8-K aal-20260317.htm View →
Mar 9, 2026 8-K d35934d8k.htm View →
Mar 2, 2026 4 xslF345X05/f4_a1eus0000088grcma2-live.xm... View →

Frequently Asked Questions about AAL

What is the AI rating for AAL?

American Airlines Group Inc. (AAL) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (SELL) with 86% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are AAL's key strengths?

Claude: Operating cash flow of $3.1B demonstrates ability to generate cash from core operations. Revenue base of $54.6B shows scale and market presence in essential transportation sector. ChatGPT: Large revenue base with positive year-over-year top-line growth. Positive operating income and operating cash flow indicate the core business still generates cash.

What are the risks of investing in AAL?

Claude: Negative stockholders equity of -$3.7B indicates technical insolvency and equity completely wiped out. Negative free cash flow of -$680M means capex exceeds operating cash flow, unsustainable capital structure. ChatGPT: Net income fell 86.9% year over year, showing severe earnings deterioration. Negative stockholders equity and $24.64B of long-term debt reflect a highly stressed balance sheet.

What is AAL's revenue and growth?

American Airlines Group Inc. reported revenue of $54.6B.

Does AAL pay dividends?

American Airlines Group Inc. pays dividends, with $43.0M distributed to shareholders in the trailing twelve months.

Where can I find AAL SEC filings?

Official SEC filings for American Airlines Group Inc. (CIK: 0000006201) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is AAL's EPS?

American Airlines Group Inc. has a diluted EPS of $0.17.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is AAL a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, American Airlines Group Inc. has a SELL rating with 86% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is AAL stock overvalued or undervalued?

Valuation metrics for AAL: ROE of N/A (sector avg: 18%), net margin of 0.2% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

Should I buy AAL stock in 2026?

Our dual AI analysis gives American Airlines Group Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is AAL's free cash flow?

American Airlines Group Inc.'s operating cash flow is $3.1B, with capital expenditures of $3.8B. FCF margin is -1.2%.

How does AAL compare to other Transportation stocks?

Vs Transportation sector averages: Net margin 0.2% (avg: 10%), ROE N/A (avg: 18%), current ratio 0.50 (avg: 1).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 18, 2026 | Data as of: 2025-12-31 | Powered by Claude AI