American Airlines Group (AAL)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from AAL's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from American Airlines Group's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $29.9B | $49.0B | $52.8B | $54.2B | $54.6B |
| Net income | -$2.0B | $127M | $822M | $846M | $111M |
| Free cash flow | $496M | -$373M | $1.2B | $1.3B | -$680M |
| EPS (diluted) | -$3.09 | $0.19 | $1.21 | $1.24 | $0.17 |
| Operating margin | -3.5% | 3.3% | 5.7% | 4.8% | 2.7% |
Where the revenue comes from
Revenue by products, fiscal 2025.
Superinvestors who own AAL
From each investor's latest 13F filing (what a 13F shows). 5 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| PRIMECAP Management PRIMECAP Management Co |
Added | $1.3B | 0.76% | Q2 2026 |
| David Tepper Appaloosa Management |
New position | $136M | 1.8% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $80M | 0.03% | Q2 2026 |
| Eric Marshall Hodges Capital Management |
Added | $11M | 0.70% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $4M | 0.01% | Q2 2026 |
Insider buying
Open-market purchases by American Airlines Group's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
Are American Airlines Group insiders buying the stock?
No open-market insider purchases of AAL in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own American Airlines Group?
5 of the superinvestors Investingly tracks hold AAL in their latest 13F, including PRIMECAP Management, David Tepper, Cliff Asness.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.