American Airlines Group, Inc. — AAL

Close PriceMarket CapP/E RatioForward P/E RatioImplied Growth*Implied Forward Growth*DividendP/B Ratio
$13.13$8.67B15.66.58.6%-0.1%--2.2

Revenue & Net Income

Revenue & Net Income
  Date Revenue Net Income EPS Revenue Change Net Income Change EPS Change
0 2020-12-31 $17.3B $-8.9B $-18.36 N/A N/A N/A
1 2021-12-31 $29.9B $-2.0B $-3.09 72.4% -77.6% -83.2%
2 2022-12-31 $49.0B $127.0M $0.20 63.9% -106.4% -106.5%
3 2023-12-31 $52.8B $822.0M $1.26 7.8% 547.2% 530.0%
4 2024-12-31 $54.2B $846.0M $1.26 2.7% 2.9% 0.0%
5 TTM 2025-03-31 $54.2B $685.0M $1.00 -0.0% -19.0% -20.6%
6 Average 29.4% 69.4% 63.9%

EPS

EPS

Forecasts

Revenue/Net Income Forecast EPS Forecast

Y/Y % Change

Revenue YoY Change EPS YoY Change
YoY Growth Rates

AAL Year-over-Year Growth

  2020 2021 2022 2023 2024 2025 2026 Average
Revenue Growth (%) 72.4% 63.9% 7.8% 2.7% 0.5% 6.4% 25.6%
Revenue Analysts (#) 0 0 0 0 0 7 7
EPS Growth (%) -77.6% -106.4% 547.2% 2.9% -67.2% 295.2% 99.0%
EPS Analysts (#) 0 0 0 0 0 9 9

Expenses

Revenue vs Expenses Expenses % of Revenue
Year Revenue ($) Cost of Revenue ($) Sales & Marketing ($) SG&A ($) Facilities / D&A ($)
2021 $29.9B $27.5B $1.1B $1.1B $2.3B
2022 $49.0B $37.6B $1.8B $1.8B $2.3B
2023 $52.8B $38.7B $1.8B $1.8B $2.3B
2024 $54.2B $40.5B $1.8B $1.8B $2.2B
TTM $54.2B $38.4B $1.9B $1.9B $4.6B
Year Revenue Change (%) Cost of Revenue Change (%) Sales & Marketing Change (%) SG&A Change (%) Facilities / D&A Change (%)
2022 63.88 36.76 65.30 65.30 -1.58
2023 7.79 2.89 -0.88 -0.88 -1.91
2024 2.70 4.59 0.72 0.72 -0.40
TTM 0.07 -5.14 6.73 6.73 103.56
No unmapped expenses.

Segment Performance

SEGMENTS v2025-09-09 · 2025-09-05 14:55 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
Segment 2022 Rev ($B) 2022 OI ($B) 2023 Rev ($B) 2023 OI ($B) 2024 Rev ($B) 2024 OI ($B) TTM Rev ($B) TTM OI ($B) % of Total (TTM)
Passenger 357B 0.00B 388B 0.00B 397B 0.00B 395B 0.00B 75.7%
Passenger Travel 82.8B 0.00B 89.8B 0.00B 91.5B 0.00B 90.9B 0.00B 17.4%
Product And Service Other 12.7B 0.00B 13.8B 0.00B 15.3B 0.00B 16.4B 0.00B 3.1%
Loyalty Program Travel Redemptions 6.29B 0.00B 7.20B 0.00B 7.69B 0.00B 7.79B 0.00B 1.5%
Loyalty Program Marketing Services 5.31B 0.00B 5.86B 0.00B 6.51B 0.00B 7.04B 0.00B 1.3%
Cargo And Freight 4.93B 0.00B 3.25B 0.00B 3.22B 0.00B 3.35B 0.00B 0.6%
Other Revenue 1.02B 0.00B 1.07B 0.00B 1.12B 0.00B 1.17B 0.00B 0.2%

Balance Sheet

Balance Sheet
  Metric Value
0 Total Assets $62,609M
1 Cash $835M
2 Total Liabilities $67,117M
3 Total Debt $36,600M
4 Total Equity $-4,508M
5 Debt to Equity Ratio -8.12

EPS & Dividend

EPS & Dividend

Valuation

Valuation
Share Price Treasury Yield Estimates Fair Value (P/E) Fair Value (P/S) Current P/S Current P/E
$10.62 4.4% Nicks Growth: 2%
Nick's Expected Margin: 2%
FINVIZ Growth: 10%
Nicks: 8
Finviz: 17
Nick's: 0.157 0.1 10.6
Basis Year Nicks Valuation Nicks vs Share Price Finviz Valuation Finviz vs Share Price
$1.00 EPS TTM $7.86 -26.0% $16.78 58.0%
$0.81 EPS 2025 $6.37 -40.0% $13.60 28.1%
$1.98 EPS 2026 $15.57 46.6% $33.23 212.9%

Implied Growth

Implied Growth
Average Median Std Dev Current Percentile
TTM Forward TTM Forward TTM Forward TTM Forward TTM Forward
Timeframe
1 Year 7.33% -0.65% 7.52% -0.73% 1.22% 0.60% 8.53% -0.24% 72.4% 70.7%
3 Years 7.33% -0.65% 7.52% -0.73% 1.22% 0.60% 8.53% -0.24% 72.4% 70.7%
5 Years 7.33% -0.65% 7.52% -0.73% 1.22% 0.60% 8.53% -0.24% 72.4% 70.7%
10 Years 7.33% -0.65% 7.52% -0.73% 1.22% 0.60% 8.53% -0.24% 72.4% 70.7%

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