$AAL
American Airlines Group Inc.
CIK:0000006201|SEC Filings
Condensed Consolidated Statements of Operations - American Airlines Group Inc. - USD ($) shares in Thousands, $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Mar. 31, 2026 |
Jun. 30, 2025 |
Mar. 31, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Operating revenues: | ||||||
| Total operating revenues | $ 16,735 | $ 14,392 | $ 30,647 | $ 26,943 | ||
| Operating expenses: | ||||||
| Aircraft fuel and related taxes | 4,881 | 2,663 | 7,809 | 5,250 | ||
| Salaries, wages and benefits | 4,639 | 4,382 | 9,314 | 8,604 | ||
| Regional expenses | 1,435 | 1,331 | 2,839 | 2,683 | ||
| Maintenance, materials and repairs | 1,027 | 927 | 2,008 | 1,848 | ||
| Other rent and landing fees | 976 | 894 | 1,867 | 1,720 | ||
| Aircraft rent | 308 | 303 | 617 | 600 | ||
| Selling expenses | 603 | 535 | 1,110 | 985 | ||
| Depreciation and amortization | 478 | 476 | 953 | 944 | ||
| Special items, net | 7 | 47 | 21 | 118 | ||
| Other | 1,935 | 1,699 | 3,704 | 3,327 | ||
| Total operating expenses | 16,289 | 13,257 | 30,242 | 26,079 | ||
| Operating income | 446 | 1,135 | 405 | 864 | ||
| Nonoperating income (expense): | ||||||
| Interest income | 74 | 100 | 130 | 194 | ||
| Interest expense, net | (409) | (433) | (807) | (861) | ||
| Other income (expense), net | (4) | 36 | (97) | (8) | ||
| Total nonoperating expense, net | (339) | (297) | (774) | (675) | ||
| Income (loss) before income taxes | 107 | 838 | (369) | 189 | ||
| Income tax provision (benefit) | 36 | 239 | (58) | 63 | ||
| Net income (loss) | $ 71 | $ (382) | $ 599 | $ (473) | $ (311) | $ 126 |
| Earnings (loss) per common share: | ||||||
| Basic (in dollars per share) | $ 0.11 | $ 0.91 | $ (0.47) | $ 0.19 | ||
| Diluted (in dollars per share) | $ 0.11 | $ 0.91 | $ (0.47) | $ 0.19 | ||
| Weighted average shares outstanding (in thousands): | ||||||
| Basic (in shares) | 662,190 | 660,127 | 661,685 | 659,504 | ||
| Diluted (in shares) | 662,613 | 660,367 | 661,685 | 660,523 | ||
| Passenger | ||||||
| Operating revenues: | ||||||
| Total operating revenues | $ 15,214 | $ 13,123 | $ 27,709 | $ 24,514 | ||
| Cargo | ||||||
| Operating revenues: | ||||||
| Total operating revenues | 273 | 211 | 487 | 400 | ||
| Other | ||||||
| Operating revenues: | ||||||
| Total operating revenues | $ 1,248 | $ 1,058 | $ 2,451 | $ 2,029 | ||
Condensed Consolidated Balance Sheets - American Airlines Group Inc. - USD ($) $ in Millions |
Jun. 30, 2026 |
Mar. 31, 2026 |
Dec. 31, 2025 |
Jun. 30, 2025 |
Mar. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|---|---|---|---|
| Current assets | ||||||
| Cash | $ 1,028 | $ 954 | $ 833 | |||
| Short-term investments | 6,742 | 4,882 | ||||
| Restricted cash and short-term investments | 709 | 735 | ||||
| Accounts receivable, net | 1,893 | 2,075 | ||||
| Aircraft fuel, spare parts and supplies, net | 3,107 | 2,792 | ||||
| Prepaid expenses and other | 797 | 767 | ||||
| Total current assets | 14,276 | 12,205 | ||||
| Operating property and equipment | ||||||
| Flight equipment | 47,908 | 46,597 | ||||
| Ground property and equipment | 10,701 | 10,479 | ||||
| Equipment purchase deposits | 571 | 656 | ||||
| Total property and equipment, at cost | 59,180 | 57,732 | ||||
| Less accumulated depreciation and amortization | (26,098) | (25,192) | ||||
| Total property and equipment, net | 33,082 | 32,540 | ||||
| Operating lease right-of-use assets | 6,919 | 7,091 | ||||
| Other assets | ||||||
| Goodwill | 4,091 | 4,091 | ||||
| Intangibles, net of accumulated amortization of $853 and $848, respectively | 2,069 | 2,066 | ||||
| Deferred tax asset | 2,417 | 2,368 | ||||
| Other assets | 1,379 | 1,413 | ||||
| Total other assets | 9,956 | 9,938 | ||||
| Total assets | 64,233 | 61,774 | ||||
| Current liabilities | ||||||
| Current maturities of long-term debt and finance leases | 3,094 | 3,753 | ||||
| Accounts payable | 3,637 | 2,840 | ||||
| Accrued salaries and wages | 2,012 | 2,128 | ||||
| Operating lease liabilities | 1,052 | 1,058 | ||||
| Fuel financing | 0 | 914 | ||||
| Other accrued liabilities | 3,057 | 2,916 | ||||
| Total current liabilities | 26,756 | 24,492 | ||||
| Noncurrent liabilities | ||||||
| Long-term debt and finance leases, net of current maturities | 25,833 | 25,254 | ||||
| Pension and postretirement benefits | 1,160 | 1,568 | ||||
| Loyalty program liability | 7,220 | 6,839 | ||||
| Operating lease liabilities | 5,750 | 5,905 | ||||
| Other liabilities | 1,486 | 1,443 | ||||
| Total noncurrent liabilities | 41,449 | 41,009 | ||||
| Commitments and contingencies | ||||||
| Stockholder’s equity | ||||||
| Common stock, $0.01 par value; 1,750,000,000 shares authorized, 661,936,666 shares issued and outstanding at June 30, 2026; 660,301,080 shares issued and outstanding at December 31, 2025 | 7 | 7 | ||||
| Additional paid-in capital | 7,421 | 7,387 | ||||
| Accumulated other comprehensive loss | (4,357) | (4,389) | ||||
| Retained deficit | (7,043) | (6,732) | ||||
| Total stockholders' equity (deficit) | (3,972) | $ (4,077) | (3,727) | $ (3,870) | $ (4,508) | $ (3,977) |
| Total liabilities and stockholders’ equity (deficit) | 64,233 | 61,774 | ||||
| Air traffic liability | ||||||
| Current liabilities | ||||||
| Deferred revenue, current | 9,551 | 7,158 | ||||
| Loyalty program liability | ||||||
| Current liabilities | ||||||
| Deferred revenue, current | $ 4,353 | $ 3,725 |