← American Airlines Group Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Accounts receivable, net $1.6b $1.8b $1.7b $1.8b $1.3b $1.5b $2.1b $2.0b $2.0b $2.1b
Cash, Cash Equivalents, and Short-term Investments $638.0m $318.0m $154.0m $158.0m $6.9b $12.4b $995.0m $910.0m $732.0m $735.0m
Prepaid Expense and Other Assets, Current $639.0m $651.0m $495.0m $621.0m $666.0m $615.0m $892.0m $658.0m $794.0m $767.0m
Prepaid expenses and other $639.0m $651.0m $495.0m $621.0m $666.0m $615.0m $892.0m $658.0m $794.0m $767.0m
Restricted Cash and Investments, Current $638.0m $318.0m $154.0m $158.0m $609.0m $990.0m $995.0m $910.0m $732.0m $735.0m
Restricted cash and short-term investments $638.0m $318.0m $154.0m $158.0m $609.0m $990.0m $995.0m $910.0m $732.0m $735.0m
Short-term Investments $6.0b $4.8b $4.5b $3.5b $6.6b $12.2b $8.5b $7.0b $6.2b $4.9b
Assets, Current $10.3b $9.1b $8.6b $8.2b $11.1b $17.3b $15.3b $13.6b $13.2b $12.2b
Total current assets $10.3b $9.1b $8.6b $8.2b $11.1b $17.3b $15.3b $13.6b $13.2b $12.2b
Property, Plant and Equipment, Net $31.2b $34.2b $34.1b $35.0b $31.7b $29.5b $30.2b $30.8b $31.1b $32.5b
Goodwill $4.1b $4.1b $4.1b $4.1b $4.1b $4.1b $4.1b $4.1b $4.1b $4.1b
Intangible Assets, Net (Excluding Goodwill) $2.2b $2.2b $2.1b $2.1b $2.0b $2.0b $2.1b $2.1b $2.0b $2.1b
Intangibles, net of accumulated amortization of $848 and $841, respectively $2.2b $2.2b $2.1b $2.1b $2.0b $2.0b $2.1b $2.1b $2.0b $2.1b
Operating Lease, Right-of-Use Asset — $0 $9.2b $8.7b $8.0b $7.8b $8.1b $7.9b $7.3b $7.1b
Operating lease right-of-use assets — $0 $9.2b $8.7b $8.0b $7.8b $8.1b $7.9b $7.3b $7.1b
Other Assets, Noncurrent $9.8b $8.1b $8.7b $8.1b $11.2b $11.7b $11.2b $10.8b $10.2b $9.9b
Total other assets $9.8b $8.1b $8.7b $8.1b $11.2b $11.7b $11.2b $10.8b $10.2b $9.9b
Additional Financial Items
Non-current liabilities:
Accounts Receivable, after Allowance for Credit Loss, Current — — — — — — — $2.0b $2.0b $2.1b
Air traffic liability/Loyalty program liability — $7.2b $7.6b $8.0b $6.8b $9.0b $9.9b $9.7b $10.3b $10.9b
Aircraft fuel, spare parts and supplies, net $1.1b $1.4b $1.5b $1.9b $1.6b $1.8b $2.3b $2.4b $2.6b $2.8b
Cash $322.0m $295.0m $275.0m $280.0m $245.0m $273.0m $440.0m $578.0m $804.0m $954.0m
Deferred tax asset $1.5b $427.0m $1.1b $645.0m $3.2b $3.6b $3.1b $2.9b $2.5b $2.4b
Equipment purchase deposits $1.2b $1.2b $1.3b $1.7b $1.4b $517.0m $613.0m $760.0m $1.0b $656.0m
Flight equipment $37.0b $40.3b $41.5b $42.5b $37.8b $37.9b $39.7b $41.8b $43.5b $46.6b
Fuel financing — — — — — — — — $74.0m $914.0m
Less accumulated depreciation and amortization ($14.2b) ($15.6b) ($17.4b) ($18.7b) ($16.8b) ($18.2b) ($20.0b) ($22.1b) ($23.6b) ($25.2b)
Loyalty program liability $2.8b $2.8b $5.3b $5.4b $7.2b $6.2b $6.0b $5.9b $6.5b $6.8b
Operating lease liabilities — $0 $7.9b $7.4b $6.8b $6.6b $6.6b $6.5b $6.0b $5.9b
Other liabilities $2.8b $2.5b $1.4b $1.5b $1.5b $1.3b $1.3b $1.6b $1.7b $1.4b
Retained deficit $1.6b $3.4b $136.0m $2.3b ($6.7b) ($8.6b) ($8.5b) ($7.7b) ($6.8b) ($6.7b)
Liabilities, Noncurrent $33.6b $32.5b $42.7b $41.8b $52.3b $54.8b $49.0b $46.2b $41.5b $41.0b
Total noncurrent liabilities $33.6b $32.5b $42.7b $41.8b $52.3b $54.8b $49.0b $46.2b $41.5b $41.0b
Total stockholders’ deficit $3.8b $3.9b ($169.0m) ($118.0m) ($6.9b) ($7.3b) ($5.8b) ($5.2b) ($4.0b) ($3.7b)
Assets $51.3b $51.4b $60.6b $60.0b $62.0b $66.5b $64.7b $63.1b $61.8b $61.8b
Total assets $51.3b $51.4b $60.6b $60.0b $62.0b $66.5b $64.7b $63.1b $61.8b $61.8b
LIABILITIES AND EQUITY
Total liabilities and stockholders’ equity (deficit) $51.3b $51.4b $60.6b $60.0b $62.0b $66.5b $64.7b $63.1b $61.8b $61.8b
Current liabilities:
Accounts Payable, Current $1.6b $1.7b $1.8b $2.1b $1.2b $1.8b $2.1b $2.4b $2.5b $2.8b
Accrued salaries and wages $1.5b $1.7b $1.4b $1.5b $1.7b $1.5b $1.7b $2.4b $2.1b $2.1b
Current maturities of long-term debt and finance leases $1.9b $2.6b $3.3b $2.9b $2.8b $2.5b $3.3b $3.6b $5.3b $3.8b
Long-term Debt, Current Maturities $1.9b $2.6b $3.2b $2.7b $2.7b $2.3b $3.1b $3.5b $5.2b $3.6b
Long-term debt and finance leases, net of current maturities $22.5b $22.5b $21.2b $21.5b $29.8b $35.6b $32.4b $29.3b $25.2b $25.3b
Operating Lease, Liability, Current — — $1.7b $1.7b $1.7b $1.5b $1.5b $1.3b $1.1b $1.1b
Operating Lease, Liability, Noncurrent — — $7.9b $7.4b $6.8b $6.6b $6.6b $6.5b $6.0b $5.9b
Other accrued liabilities $2.2b $2.3b $2.3b $2.1b $2.4b $2.8b $3.0b $2.7b $3.0b $2.9b
Liabilities, Current $13.9b $15.0b $18.1b $18.3b $16.6b $19.0b $21.5b $22.1b $24.3b $24.5b
Total current liabilities $13.9b $15.0b $18.1b $18.3b $16.6b $19.0b $21.5b $22.1b $24.3b $24.5b
Long Term Debt — — $20.6b $20.9b $29.3b $35.0b $31.8b $28.9b $24.6b $24.6b
Other Liabilities, Noncurrent $2.8b $2.5b $1.4b $1.5b $1.5b $1.3b $1.3b $1.6b $1.7b $1.4b
Pension and postretirement benefits $7.8b $7.5b $6.9b $6.1b $7.1b $5.1b $2.8b $3.0b $2.1b $1.6b
Stockholders’ equity:
Accumulated Other Comprehensive Income (Loss), Net of Tax ($5.1b) ($5.2b) ($5.3b) ($6.3b) ($7.1b) ($5.9b) ($4.6b) ($4.9b) ($4.6b) ($4.4b)
Accumulated other comprehensive loss ($5.1b) ($5.2b) ($5.3b) ($6.3b) ($7.1b) ($5.9b) ($4.6b) ($4.9b) ($4.6b) ($4.4b)
Additional Paid in Capital, Common Stock $7.2b $5.7b $5.0b $3.9b $6.9b $7.2b $7.3b $7.4b $7.4b $7.4b
Additional paid-in capital $7.2b $5.7b $5.0b $3.9b $6.9b $7.2b $7.3b $7.4b $7.4b $7.4b
Common Stock, Value, Issued $5.0m $5.0m $5.0m $4.0m $6.0m $6.0m $6.0m $7.0m $7.0m $7.0m
Common stock, $0.01 par value; 1,750,000,000 shares authorized, 660,301,080 shares issued and outstanding at December 31, 2025; 657,566,166 shares issued and outstanding at December 31, 2024 5.0m 5.0m 5.0m 4.0m 6.0m 6.0m 6.0m 7.0m 7.0m 7.0m
Retained Earnings (Accumulated Deficit) $1.6b $3.4b $136.0m $2.3b ($6.7b) ($8.6b) ($8.5b) ($7.7b) ($6.8b) ($6.7b)
Stockholders' Equity Attributable to Parent $3.8b $3.9b ($169.0m) ($118.0m) ($6.9b) ($7.3b) ($5.8b) ($5.2b) ($4.0b) ($3.7b)
Liabilities and Equity $51.3b $51.4b $60.6b $60.0b $62.0b $66.5b $64.7b $63.1b $61.8b $61.8b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.