American Airlines Group Inc.

AALNASDAQIndustrials● Active

$13.60

+$0.10(+0.74%)

Market Cap$9.0B

P/E Ratio—

52W High$16.5

52W Low$10.09

Avg Volume67.5M

Open$13.49

Beta1.36

Overview

American Airlines Group Inc. (AAL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AAL · free cash flow · updated Jun 8, 2026

Core FCF metrics

AAL · FCF · TTM · margin & CAGR

Free cash flow was −$680.0M for FY2025 (fiscal year ending 2025-12-31), down 152.3% year-over-year The FCF margin was -1.2%.

FY2025 Free Cash Flow−$680.0M▼ -152.3% YoY

Trailing 12M (TTM)$1.10BTrailing 4Q sum · TTM positive vs latest FY negative

FCF Margin-1.2%−$680.0M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AAL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.10B(3.78B)−$680.0M▼ 152.3%-1.2%

FY2024$3.98B(2.68B)$1.30B▲ +7.7%2.4%

FY2023$3.80B(2.60B)$1.21B▲ +264.7%2.3%

FY2022$2.17B(2.91B)−$733.0M▼ 247.8%-1.5%

FY2021$704.0M(208M)$496.0M▲ +105.7%1.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AAL · P/FCF · FCF yield · FCF per share

American Airlines Group Inc. (AAL) trades at a FCF yield of 12.16% and a price-to-free-cash-flow ratio of 8.1x. FCF per share stands at $1.67, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

12.16%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.67

TTM FCF ÷ Shares Outstanding

Price / FCF

x8.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x39.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

AAL · cash flow statement · operating / investing / financing

For FY2025, American Airlines Group Inc. generated $3.10B in operating cash flow and spent 3.78B in capital expenditures, yielding −$680.0M in free cash flow.

Operating Activities

+$3.10B

Cash from core business operations

2025-12-31

Investing Activities

−$1.89B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.05B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($3.10B) − |CapEx| (3.78B) = FCF (−$680.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

AAL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

American Airlines Group Inc.YOU

AAL

−$680.0M-152.3%-1.2%

Loss

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

American Airlines Group Inc. (AAL) reported free cash flow of −$680.0M for FY2025 (fiscal year ending 2025-12-31), down 152.3% year-over-year. The FCF margin was -1.2%.

Based on available data, American Airlines Group Inc. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $1.30B in FY2024.

American Airlines Group Inc.'s FCF yield is 12.16% and price-to-FCF ratio is 8.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AAL free cash flow · 8 questions

American Airlines Group Inc. free cash flow was −$680.0M for FY2025, down 152.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.10B.

AAL free cash flowAAL FCFAAL FCF 2025AAL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · American Airlines Group Inc. · American Airlines Group Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026