--- title: "American Airlines Group Financial Metrics & KPI Guide" description: "American Airlines Group revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios explained." canonical: https://www.getswoopr.com/stocks/companies/american-airlines/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # American Airlines Group Financial Metrics & KPI Guide ## Direct Answer American Airlines Group reported revenue of $54.6 billion for the fiscal year ended December 31, 2025, with an operating margin of 2.7% and net income of $111 million, according to its SEC filings. Revenue grew 0.8% from the prior year. ## What Are American Airlines Group's Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $54.6 billion | $54.2 billion | $52.8 billion | $49.0 billion | | Operating income | $1.5 billion | $2.6 billion | $3.0 billion | $1.6 billion | | Operating margin | 2.7% | 4.8% | 5.7% | 3.3% | | Net income | $111 million | $846 million | $822 million | $127 million | | Net margin | 0.2% | 1.6% | 1.6% | 0.3% | | Operating cash flow | $3.1 billion | $4.0 billion | $3.8 billion | $2.2 billion | | Capital expenditures | $3.8 billion | $2.7 billion | $2.6 billion | $2.5 billion | | Free cash flow | -$680 million | $1.3 billion | $1.2 billion | -$373 million | Operating margin narrowed by 2.1 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was -$680 million against net income of $111 million; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement. ![Bar chart of American Airlines Group revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $54.6 billion, operating income $1.5 billion and net income $111 million.](https://www.getswoopr.com/images/charts/american-airlines-metrics-revenue-profit.webp) *American Airlines Group revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of American Airlines Group operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 2.7% and net margin was 0.2%.](https://www.getswoopr.com/images/charts/american-airlines-metrics-margins.webp) *American Airlines Group operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of American Airlines Group operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $3.1 billion, capital expenditures was $3.8 billion, free cash flow was negative $680 million.](https://www.getswoopr.com/images/charts/american-airlines-metrics-cash-flow.webp) *American Airlines Group operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does American Airlines Group's Balance Sheet Show? | Cash and cash equivalents | $1.1 billion | | --- | --- | | Long-term debt | $24.6 billion | | Total assets | $61.8 billion | | Total liabilities | Not reported | | Shareholders' equity | -$3.7 billion | | Current ratio | 0.5x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value American Airlines Group reported in its own SEC filings, read from the SEC's XBRL data (accession 0000006201-26-000014 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was American Airlines Group's revenue in fiscal 2025? American Airlines Group reported revenue of $54.6 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is American Airlines Group's operating margin? American Airlines Group's operating margin was 2.7% in fiscal 2025: operating income of $1.5 billion on revenue of $54.6 billion. ### How much free cash flow did American Airlines Group generate? Operating cash flow of $3.1 billion less capital expenditures of $3.8 billion gives free cash flow of -$680 million for fiscal 2025. ## References - [SEC EDGAR: American Airlines Group Inc. Form 10-K filed February 18, 2026](https://www.sec.gov/Archives/edgar/data/6201/000000620126000014/aal-20251231.htm) - [SEC EDGAR: American Airlines Group Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=6201&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [American Airlines Group company dossier](https://www.getswoopr.com/stocks/companies/american-airlines/) - [American Airlines Group financial metrics](https://www.getswoopr.com/stocks/companies/american-airlines/metrics/) - [American Airlines Group financial risk indicators](https://www.getswoopr.com/stocks/companies/american-airlines/risks/) - [American Airlines Group business model and revenue mix](https://www.getswoopr.com/stocks/companies/american-airlines/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).