American Airlines Group Inc. (AAL) Stock Price & Analysis
American Airlines Group Inc. (AAL) closed at USD 12.6 on Thursday, October 22, 2026, up 2.98% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 12.24; the Oct 22, 2026 session ranged USD 11.7–12.71 on volume of 86,094,877 shares. Market capitalization is $8.34B, with a 52-week range of USD 10.09–18.79 (NMS). Source: Nexqual, retrieved October 23, 2026 at 07:54 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AAL.md
Key facts (AAL)
- Last four reported quarters (through Sep 30, 2026): revenue $61.0B, net income -$481M (-0.8% margin), free cash flow -$91.0M (SEC filings).
- 2 of 80 tracked superinvestors hold AAL (13F, Q2 2026): 2 new, 0 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $5.7M; 4 not under a Rule 10b5-1 plan ($3.5M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.52 on a 1–5 scale) (25 analysts), mean target USD 15.44 (range 6.1–24).
- Total return with dividends: 1Y -1.3% vs S&P 500 +14.9%; 5Y -34.2% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD -0.64, revenue estimate $16.7B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AAL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $29.9B | $49.0B | $52.8B | $54.2B | $54.6B | $61.0B |
| Operating income | -$1.06B | $1.61B | $3.03B | $2.61B | $1.47B | $972M |
| Net income | -$1.99B | $127M | $822M | $846M | $111M | -$481M |
| EPS (diluted) | -$3.09 | $0.19 | $1.21 | $1.24 | $0.17 | — |
| Free cash flow | $496M | -$373M | $1.21B | $1.30B | -$680M | -$91.0M |
| Operating margin | -3.5% | 3.3% | 5.7% | 4.8% | 2.7% | 1.6% |
| Net margin | -6.7% | 0.3% | 1.6% | 1.6% | 0.2% | -0.8% |
| Revenue growth | +72.4% | +63.9% | +7.8% | +2.7% | +0.8% | — |
| Cash + short-term investments | $12.4B | $9.11B | $7.68B | $7.08B | $5.94B | — |
| Total debt | $37.3B | $34.9B | $32.4B | $29.8B | $28.3B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Sep 30, 2026) (AAL)
P/S 0.1x · EV/EBITDA 9.0x · EV/Sales 0.5x · FCF yield -1.09% · Earnings yield -5.77% · Net debt $20.6B · EV $28.9B
P/E at fiscal year-ends: Dec 2025 91.3x, Dec 2024 14.9x, Dec 2023 12.0x.
Superinvestors (SEC 13F-HR, Q2 2026) (AAL)
2 of 80 tracked investors hold AAL. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Harry Burn | Sound Shore | 3.31% | $108M | New position |
| David Tepper | Appaloosa Management | 1.81% | $136M | New position |
Insider sales (SEC Form 4, open-market, last ~7 months) (AAL)
1 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-07-30…2026-07-31 | Johnson Stephen L | Vice Chair | 60,000 | $917K | 3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-07-31 | Owens Angela | SVP Corporate Controller | 40,077 | $612K | 18.3% | No | Too little history (no open-market trades in 2024) |
| 2026-07-27…2026-07-29 | Johnson Stephen L | Vice Chair | 90,000 | $1.3M | 4.3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-07-28 | Owens Angela | SVP Corporate Controller | 39,168 | $601K | 15.2% | No | Too little history (no open-market trades in 2024) |
| 2026-06-24…2026-06-25 | Seymour David | EVP Chief Operating Officer | 125,799 | $2.2M | 11.5% | Yes | Too little history (no open-market trades in 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (AAL)
Consensus Hold (mean 2.52 on a 1–5 scale), 25 analysts; mean target USD 15.44 (low 6.1, high 24).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | UBS | Target lowered | Buy | $17 → $16 |
| 2026-10-07 | Susquehanna | Target lowered | Positive | $20 → $15 |
| 2026-10-06 | Wells Fargo | Target lowered | Equal-Weight | $17 → $14 |
| 2026-10-02 | Goldman Sachs | Target lowered | Sell | $13 → $11 |
| 2026-10-02 | TD Cowen | Target lowered | Buy | $16 → $15 |
| 2026-09-28 | BMO Capital | Target lowered | Market Perform | $19 → $15.5 |
| 2026-09-28 | Evercore ISI Group | Target lowered | In-Line | $17 → $13 |
| 2026-09-18 | Rothschild & Co | Target raised | Neutral | $12.5 → $13.5 |
| 2026-09-11 | Barclays | Target lowered | Equal-Weight | $19 → $14 |
| 2026-09-10 | UBS | Target lowered | Buy | $18 → $17 |
| 2026-08-24 | TD Cowen | Target lowered | Buy | $24 → $16 |
| 2026-07-27 | UBS | Target lowered | Buy | $21 → $18 |
Total return (dividends reinvested) (AAL)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -1.3% | -34.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -1.3% | -8.0% |
| Volatility (annualized) | 47.5% | 46.3% |
| Max drawdown | -37.4% (Dec 2025→Mar 2026) | -56.6% (Nov 2021→Mar 2025) |
AAL revenue by product line (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Passenger | $14.90B | 91.2% | +19.5% |
| — Passenger travel (part of Passenger) | $13.76B | 84.2% | +20.7% |
| — Other (part of Passenger) | $1.16B | 7.1% | +15.2% |
| Loyalty revenue - travel | $1.14B | 7.0% | +6.5% |
| Cargo | $274.0M | 1.7% | +29.2% |
| Total revenue | $16.34B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
AAL suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Airbus | “For example, all of our mainline aircraft were manufactured by either Airbus or Boeing and all of our regional aircraft were manufactured by either Bombardier or Embraer.” |
| Supplier | Boeing (BA) | “For example, all of our mainline aircraft were manufactured by either Airbus or Boeing and all of our regional aircraft were manufactured by either Bombardier or Embraer.” |
| Customer | Mastercard (MA) | “In 2025, the AAdvantage program was recognized for Best Customer Service and Best Redemption Ability in the Americas and the Citi®/AAdvantage® Platinum Select® World Elite Mastercard® co-branded credit card was recognized as the Best Loyalty Credit Card in the Americas at the 2025 Freddie Awards.” |
| Customer | Expedia (EXPE) | “While our priority is to migrate an increasing portion of our customers to our modern, direct distribution channels in lieu of third party channels, we continue to rely on third-party distribution channels, including those provided by or through global distribution systems (GDSs) (e.g., Amadeus, Sabre and Travelport), conventional travel agents, travel management companies and OTAs (e.g., Expedia, including its bo…” |
| Customer | Booking Holdings (BKNG) | “While our priority is to migrate an increasing portion of our customers to our modern, direct distribution channels in lieu of third party channels, we continue to rely on third-party distribution channels, including those provided by or through global distribution systems (GDSs) (e.g., Amadeus, Sabre and Travelport), conventional travel agents, travel management companies and OTAs (e.g., Expedia, including its bo…” |
| Partner | REPUBLIC AIRWAYS HOLDINGS INC. (RJET) | “In 2025, 2024 and 2023, we recognized $658 million, $612 million and $636 million, respectively, of expense under our capacity purchase agreement with Republic Airways Inc. (Republic).” |
| Partner | Inteligentes | “An important part of our strategy to expand our network has been to initiate or expand our commercial relationships with other airlines, such as by entering into global alliance, joint business and codeshare relationships, and, in certain instances, including China Southern Airlines, GOL and JetSMART, by agreeing to make an equity investment in another airline in connection with initiating or expanding such a comm…” |
Quoted from the company's 10-K filed Feb 18, 2026.
Companies that name AAL in their SEC reports
| Relationship to AAL | Company | Filing | Sentence |
|---|---|---|---|
| partner | Vertical Aerospace Ltd. (EVTL) | 20-F Mar 24, 2026 | “As part of this approach, we have entered into arrangements with several commercial partners, or their permitted assigns, for multiple pre-orders and pre-order options for our aircraft, including with American Airlines, Marubeni, Bristow, Iberojet, Avolon, FLYINGGROUP, Kakao Mobility, JetSetGo and Héli Air Monaco in order to further our global route to market strategy.” |
| partner | REPUBLIC AIRWAYS HOLDINGS INC. (RJET) | 10-K Mar 19, 2026 | “Republic Airways has maintained a partnership with American Airlines and its predecessors for more than 50 years, which Republic believes is a result of Republic's distinct focus on operational excellence.” |
| supplier | SURF AIR MOBILITY INC. (SRFM) | 10-K Mar 12, 2026 | “Southern currently has interline agreements with major commercial airlines, including United Airlines, Inc., American Airlines, Inc., Alaska Airlines, Inc., Hawaiian Airlines, Inc, and Japan Airlines, which help coordinate baggage claim for customers who fly different airlines on various legs of their trip, assisting in a hassle free experience.” |
| partner | SKYWEST INC (SKYW) | 10-K Feb 17, 2026 | “Our capacity purchase agreements with United, Delta, American and Alaska require the respective major airline partner to pay for fuel costs, either directly to the fuel vendor or to reimburse us for the fuel costs we incur under those agreements, thereby reducing our exposure to fuel price fluctuations.” |
| supplier | INNOVATIVE SOLUTIONS & SUPPORT INC (IA) | 10-K Dec 23, 2025 | “The Company's customers include the U.S. federal government (including the DoD, the Department of Interior and the Department of Homeland Security), Air Transport Services Group Inc. ("ATSG"), Amazon.com, Inc., American Airlines, Inc., Boeing, Deutsche Post DHL Group, FedEx Corporation ("FedEx"), Icelandair, L3Harris Technologies, Inc. ("L3 Harris Technologies"), Lockheed Martin Corporation ("Lockheed Martin"), Pi…” |
AAL company outlook (results filed Oct 22, 2026)
- “Outlook and financial guidance In the fourth quarter, the company expects continued revenue strength, with year-over-year revenue growth between 19.5% and 22.5%.”
- “Based on the forward fuel curve as of Oct. 19, American anticipates an average fuel price of approximately $4.70 per gallon, nearly double the price paid in the fourth quarter of 2025.”
- “At that price, fuel expense is expected to increase approximately $2.8 billion versus the fourth quarter of 2025.”
- “Given elevated fuel prices, American expects network growth in 2027 to slow from 2026 levels.”
Quoted word-for-word from the SEC 8-K results press release.
AAL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $-0.64 | $0.61 | -205.8% | $16.70B | 14 |
| Next quarter (ends Mar 2027) | $-0.86 | $-0.27 | +222.8% | $15.56B | 8 |
| Current fiscal year (ends Dec 2026) | $-1.18 | $0.21 | -675.1% | $63.61B | 22 |
| Next fiscal year (ends Dec 2027) | $1.29 | $2.54 | -49.3% | $67.65B | 19 |
AAL options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 23, 2026 | 1 | 66.5% | ±2.9% |
| Oct 30, 2026 | 8 | 47.5% | ±5.7% |
| Nov 6, 2026 | 15 | 48.1% | ±7.8% |
| Nov 13, 2026 | 22 | 48.2% | ±9.5% |
| Nov 20, 2026 | 29 | 48.6% | ±11.0% |
| Nov 27, 2026 | 36 | 48.0% | ±12.0% |
| Dec 4, 2026 | 43 | 38.3% | ±10.5% |
| Dec 18, 2026 | 57 | 41.4% | ±13.4% |
30-day implied volatility 47.1% vs 37.4% realized over the last 30 trading days. Put/call ratio (volume) 1.75. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 07:54 UTC)
| Price | USD 12.6 |
|---|---|
| Change | ▲ 2.98% (up) |
| Previous Close | USD 12.24 |
| Open | USD 11.75 |
| Day Range | USD 11.7 – 12.71 |
| 52-Week Range | USD 10.09 – 18.79 |
| Volume | 86,094,877 shares |
| Market Cap | $8.34B |
| Exchange | NMS |
Technical Analysis (AAL)
Nexqual's technical model rates AAL "SELL" based on 1 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 07:54 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 49.14 (neutral) |
| vs SMA50 | Below (USD 13.17) |
| MACD | -0.34 (negative) |
Analyst Ratings (AAL)
Wall Street analysts rate AAL "Hold" based on 25 analysts, with a mean price target of USD 15.44 (range USD 6.1–24), per Nexqual as of October 23, 2026 at 07:54 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 25 |
| Mean Target | USD 15.44 |
| High Target | USD 24 |
| Low Target | USD 6.1 |
| Buy / Hold / Sell | 12 / 11 / 2 |
Earnings (AAL)
| Next Earnings Date | 2026-10-22 |
|---|---|
| EPS Estimate | USD -0.64 |
| Revenue Estimate | $16.70B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD -0.28 vs est -0.36 ▲ beat |
| 2026-06-30 | USD 0.15 vs est 0.05 ▲ beat |
| 2026-03-31 | USD -0.4 vs est -0.46 ▲ beat |
| 2025-12-31 | USD 0.16 vs est 0.35 ▼ miss |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Financials & Fundamentals (AAL)
| Total Revenue | $58.34B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +16.30% |
| Gross Margin | +21.24% |
| Operating Margin | +2.81% |
| Profit Margin | -0.56% |
| Current Ratio | 0.53 |
| Total Cash | $8.36B |
| Total Debt | $35.73B |
| Free Cash Flow (last four quarters to Sep 2026, SEC 10-Q / 10-K) | -$91.00M (-0.1% of revenue) |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Financial Health Score (AAL)
Nexqual rates American Airlines Group Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 07:54 UTC.
| Growth | Mixed — Revenue +0.8% YoY (annual), slow |
|---|---|
| Profitability | Weak — Gross margin 21%, operating 3% (last 12 months) |
| Balance Sheet | Mixed — $8.39B cash and investments vs $29.0B debt (Sep 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$91M (last 4 quarters to Sep 2026, SEC), burning cash |
| Efficiency | Mixed — No data |
Ownership (AAL)
| Insider Ownership | +1.51% |
|---|---|
| Institutional Ownership | +78.37% |
| Shares Outstanding | 661.97M |
| Float | 652.98M |
| Short % of Float | +11.95% |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Leadership (AAL)
American Airlines Group Inc. is led by Robert D. Isom, CEO, President & Director, per Nexqual as of October 23, 2026 at 07:54 UTC.
| CEO, President & Director | Robert D. Isom |
|---|---|
| Executive VP & CFO | Devon E. May |
| Executive VP & COO | David G. Seymour |
| Chief Strategy Officer & Vice Chair | Stephen L. Johnson |
| Vice President of Investor Relations | Neil A. Russell |
Major Backers & Investors (AAL)
Notable institutional backers of American Airlines Group Inc. include Primecap Management Company, Two Sigma Investments, LP, Orbis Allan Gray Ltd, according to Nexqual as of October 23, 2026 at 07:54 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Primecap Management Company | 10.69% |
| Two Sigma Investments, LP | 4.12% |
| Orbis Allan Gray Ltd | 2.44% |
| Jane Street Group, LLC | 1.9% |
| Jacobs Levy Equity Management, Inc. | 1.46% |
| PRIMECAP Odyssey Funds-PRIMECAP Odyssey Aggressive Growth Fund | 1.01% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.57% |
| Vanguard Group | 8.96% |
| State Street | 2.96% |
| Geode Capital | 2.07% |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
From American Airlines Group Inc.'s Latest SEC 10-K Filing (filed 2026-02-18)
Key Strengths & Strategy (as disclosed to the SEC)
- We continue to focus on enhancements that enable us to better serve our customers, including moving to a new facility at London Heathrow Airport (LHR) to support further growth in this key market and expanding our digital offerings, which provide greater efficiency, increased accuracy, 24/7 access to search schedules, and the ability for our customers to check availability, retrieve rates and make bookings.
- Our approach to safety is guided by our Federal Aviation Administration (FAA)-approved safety management systems (SMS), an organization-wide approach to identifying and managing risk.
- We believe that the A321XLR, a longer-range version of the A321neo, will enable us to serve transatlantic markets using an estimated 10% less jet fuel per seat than current widebody aircraft due to latest-generation engines, improved aerodynamics and lighter weight materials.
- American has also entered into a conditional purchase agreement for up to 100 engines, which we hope will ultimately allow us to retrofit and power aircraft like the Bombardier CRJ700 regional jet with ZeroAvia's hydrogen-electric powertrain.
Partnerships
- In July 2025, we extended our agreement with Mastercard pursuant to a new 10‑year contract, under which Mastercard remains the exclusive payment network for our AAdvantage co‑branded credit cards.
- In order to improve access to domestic and foreign markets, we have arrangements with other airlines including through the oneworld Alliance, joint business agreements and other cooperation agreements and marketing relationships, as further discussed herein.
Legal & Regulatory Risks (Item 1A, quoted)
- We may be a party to litigation in the normal course of business or otherwise, which could affect our financial position and liquidity.
- New U.S. and international tax legislation may adversely affect our financial condition, results of operations and cash flows.
- Our business is subject to extensive government regulation, which may increase our costs, disrupt our operations, limit our operating flexibility, reduce the demand for air travel, and create competitive disadvantages.
- We operate a global business with international operations that are subject to economic and political instability and have been, and in the future may continue to be, adversely affected by numerous events, circumstances or government actions beyond our control.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| CPA | Copa Holdings, S.A. | USD 134.86 | ▼ 0.94% |
| ALK | Alaska Air Group, Inc. | USD 35.38 | ▲ 5.49% |
| SKYW | SkyWest, Inc. | USD 95.73 | ▲ 1.57% |
| LUV | Southwest Airlines Company | USD 42.03 | ▲ 5.39% |
| RYAAY | Ryanair Holdings plc | USD 53.67 | ▼ 0.79% |
| AERO | Grupo Aeromexico, S.A.B. de C.V | USD 15.21 | ▼ 0.33% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 07:54 UTC. This page is informational and not investment advice.
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