Direct Answer
American Airlines Group reports revenue across 5 product and service lines in its fiscal 2025 Form 10-K. Passenger Travel is the largest, with $45.6 billion of revenue (83% of the total), followed by Loyalty Program Travel Redemptions at $4.0 billion (7%).
How Does American Airlines Group Make Money?
Passenger Travel supplies 83% of revenue, so American Airlines Group's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Other Revenue grew fastest (+13.5%) and Passenger Travel slowest (-0.3%), so the revenue mix tilts toward Other Revenue while that gap lasts.
| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Passenger Travel | $45.6 billion | $45.7 billion | 83.5% | -0.3% |
| Loyalty Program Travel Redemptions | $4.0 billion | $3.8 billion | 7.4% | 5.0% |
| Loyalty Program Marketing Services | $3.5 billion | $3.3 billion | 6.4% | 7.8% |
| Cargo and Freight | $839 million | $804 million | 1.5% | 4.4% |
| Other Revenue | $640 million | $564 million | 1.2% | 13.5% |
What the Segment Figures Do Not Show
The rows above add up to 100% of American Airlines Group's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value American Airlines Group reported in the segment note and revenue disclosures of its Form 10-K filed February 18, 2026 (accession 0000006201-26-000014), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are American Airlines Group's main products and services?
In its fiscal 2025 Form 10-K, American Airlines Group reports revenue for Passenger Travel, Loyalty Program Travel Redemptions, Loyalty Program Marketing Services, Cargo and Freight and Other Revenue.
Which part of American Airlines Group brings in the most revenue?
Passenger Travel, with $45.6 billion of revenue in fiscal 2025, or 83% of the total.
Where does American Airlines Group report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed February 18, 2026, alongside management's discussion of each segment's results.