American Airlines Group, Inc. (AAL)

Close Price	Market Cap	P/E Ratio	Forward P/E Ratio	Implied Growth*	Implied Forward Growth*	Dividend	P/B Ratio
$14.64	$9.68B	47.2	6.6	21.2%	0.3%	-	-2.4

Latest Headlines

Revenue & Net Income

	Date	Revenue	Net_Income	EPS	Last_Updated	Revenue_Change	Net_Income_Change	EPS_Change
0	2020-12-31	$17,337M	$-8,885M	$-18.36	2024-02-09 03:58:57	N/A	N/A	N/A
1	2021-12-31	$29,882M	$-1,993M	$0.20	2026-02-27 08:30:36	72.4%	-77.6%	-101.1%
2	2022-12-31	$48,971M	$127M	$0.20	2026-05-29 09:04:03	63.9%	-106.4%	0.0%
3	2023-12-31	$52,788M	$822M	$1.26	2026-05-29 09:04:03	7.8%	547.2%	530.0%
4	2024-12-31	$54,211M	$846M	$1.29	2026-05-29 09:04:03	2.7%	2.9%	2.4%
5	2025-12-31	$54,633M	$111M	$0.17	2026-05-29 09:04:03	0.8%	-86.9%	-86.8%
6	TTM 2026-03-31	$55,994M	$202M	$0.31	2026-04-27 08:47:53	2.5%	82.0%	82.4%

EPS

Forecasts

Y/Y % Change

YoY Growth Rates

AAL Year-over-Year Growth

	2020	2021	2022	2023	2024	2025	2026	2027	Average
Revenue Growth (%)		72.4%	63.9%	7.8%	2.7%	0.8%	13.8%	3.8%	23.6%
Revenue Analysts (#)	0	0	0	0	0	0	21	21
EPS Growth (%)		-77.6%	-106.4%	547.2%	2.9%	-86.9%	-135.8%	-3809.4%	-523.7%
EPS Analysts (#)	0	0	0	0	0	0	24	24

Forward Estimate History

How the next-FY EPS and revenue estimates have drifted over time. One line per fiscal year – past lines end when that FY became current.

Forward revenue projection history by FY

Expenses

Year	Revenue ($)	Cost of Revenue ($)	Sales & Marketing ($)	SG&A ($)	Facilities / D&A ($)
2022	$49.0B	$37.6B	$1.8B	$1.8B	$2.3B
2023	$52.8B	$38.8B	$1.8B	$1.8B	$2.2B
2024	$54.2B	$40.5B	$1.8B	$1.8B	$2.2B
2025	$54.6B	$42.0B	$2.0B	$2.0B	$2.2B
TTM	$56.0B	$40.4B	$2.1B	$2.1B	$4.8B

Year	Revenue Change (%)	Cost of Revenue Change (%)	Sales & Marketing Change (%)	SG&A Change (%)	Facilities / D&A Change (%)
2023	7.79	3.04	-0.88	-0.88	-4.35
2024	2.70	4.56	0.72	0.72	0.00
2025	0.78	3.54	10.21	10.21	-0.96
TTM	2.49	-3.83	2.90	2.90	119.15

No unmapped expenses.

Segment Performance

SEGMENTS v2025-09-09 · 2026-05-29 09:04 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).

Year	Passenger Rev	Passenger Travel Rev	Product And Service Other Rev	Loyalty Program Travel Redemptions Rev	Loyalty Program Marketing Services Rev	Cargo And Freight Rev	Other Revenue Rev	Total Rev
2023	388.1B	89.8B	13.8B	7.20B	5.86B	3.25B	1.07B	509.1B
2024	396.7B	91.5B	15.3B	7.69B	6.51B	3.22B	1.12B	522B
2025	397.1B	91.2B	16.6B	8.07B	7.02B	3.36B	1.27B	524.7B
TTM	984.9B	226.7B	40.5B	19.6B	17.2B	8.18B	3.04B	1300.2B
% of Total (TTM)	75.8%	17.4%	3.1%	1.5%	1.3%	0.6%	0.2%	100%

Balance Sheet

	Metric	Value
0	Total Assets	$63,738M
1	Cash	$903M
2	Total Liabilities	$67,815M
3	Total Debt	$34,892M
4	Total Equity	$-4,077M
5	Debt to Equity Ratio	-8.56

EPS & Dividend

Valuation

Share Price	Treasury Yield	Estimates	Fair Value (P/E)	Fair Value (P/S)	Current P/S	Current P/E
$14.64	4.5%	Nicks Growth: 2% Nick's Expected Margin: 2% FINVIZ Growth: 106%	Nicks: 8 Finviz: 11104	Nick's: 0.156	0.2	47.2

Basis	Year	Nicks Valuation	Nicks vs Share Price	Finviz Valuation	Finviz vs Share Price
$0.31 EPS	TTM	$2.42	-83.5%	$3442.30	23413.0%
$94.01 Revenue	2026	$14.67	0.2%	$20877.32	142504.7%
$2.23 EPS	2027	$17.38	18.7%	$24746.69	168934.7%

Implied Growth

	Average		Median		Std Dev		Current		Percentile
	TTM	Forward	TTM	Forward	TTM	Forward	TTM	Forward	TTM	Forward
Timeframe
1 Year	13.46%	-0.91%	8.96%	-0.83%	7.70%	1.74%	21.26%	0.35%	76.2%	83.3%
3 Years	13.46%	-0.91%	8.96%	-0.83%	7.70%	1.74%	21.26%	0.35%	76.2%	83.3%
5 Years	13.46%	-0.91%	8.96%	-0.83%	7.70%	1.74%	21.26%	0.35%	76.2%	83.3%
10 Years	13.46%	-0.91%	8.96%	-0.83%	7.70%	1.74%	21.26%	0.35%	76.2%	83.3%

American Airlines Group, Inc. — AAL