American Airlines Group Capital Reinvestment Ratio
American Airlines Group capital reinvestment ratio. American Airlines Group (AAL) has a Capital Reinvestment Ratio of 1.75x as of June 2026, meaning it reinvests 2% of its operating cash flow ($471.00 Million) in capital expenditures ($822.00 Million). Check American Airlines Group total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of American Airlines Group (1989–2025)
Capital reinvestment ratio of American Airlines Group from 1989 to 2025. This chart tracks American Airlines Group's Capital Reinvestment Ratio across 34 annual periods. Also explore net asset growth rate of American Airlines Group to track the company's year-over-year net asset growth rate.
American Airlines Group Capital Reinvestment Ratio by Year (1989–2025)
American Airlines Group capital reinvestment ratio by year from 1989 to 2025. For the full cash flow conversion analysis, see American Airlines Group operating cash flow efficiency.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.22x | $3.10 Billion | $3.78 Billion | ▲ +81.0% |
| 2024 | 0.67x | $3.98 Billion | $2.68 Billion | ▼ -1.3% |
| 2023 | 0.68x | $3.80 Billion | $2.60 Billion | ▼ -49.0% |
| 2022 | 1.34x | $2.17 Billion | $2.91 Billion | ▲ +352.6% |
| 2021 | 0.30x | $704.00 Million | $208.00 Million | ▼ -73.6% |
| 2019 | 1.12x | $3.81 Billion | $4.27 Billion | ▲ +5.5% |
| 2018 | 1.06x | $3.53 Billion | $3.75 Billion | ▼ -15.8% |
| 2017 | 1.26x | $4.74 Billion | $5.97 Billion | ▲ +43.3% |
| 2016 | 0.88x | $6.52 Billion | $5.73 Billion | ▼ -10.8% |
| 2015 | 0.98x | $6.25 Billion | $6.15 Billion | ▼ -42.9% |
| 2014 | 1.72x | $3.08 Billion | $5.31 Billion | ▼ -62.6% |
| 2013 | 4.61x | $675.00 Million | $3.11 Billion | ▲ +214.0% |
| 2012 | 1.47x | $1.28 Billion | $1.89 Billion | ▼ -38.1% |
| 2011 | 2.37x | $680.00 Million | $1.61 Billion | ▲ +50.1% |
| 2010 | 1.58x | $1.24 Billion | $1.96 Billion | ▼ -3.3% |
| 2009 | 1.64x | $930.00 Million | $1.52 Billion | ▲ +343.2% |
| 2007 | 0.37x | $1.94 Billion | $714.00 Million | ▲ +35.0% |
| 2006 | 0.27x | $1.94 Billion | $530.00 Million | ▼ -58.9% |
| 2005 | 0.67x | $1.02 Billion | $681.00 Million | ▼ -53.6% |
| 2004 | 1.43x | $717.00 Million | $1.03 Billion | ▲ +26.6% |
| 2003 | 1.13x | $601.00 Million | $680.00 Million | ▼ -84.1% |
| 2001 | 7.12x | $511.00 Million | $3.64 Billion | ▲ +508.5% |
| 2000 | 1.17x | $3.14 Billion | $3.68 Billion | ▼ -25.1% |
| 1999 | 1.56x | $2.26 Billion | $3.54 Billion | ▲ +87.7% |
| 1998 | 0.83x | $3.19 Billion | $2.66 Billion | ▲ +75.0% |
| 1997 | 0.48x | $2.92 Billion | $1.39 Billion | ▲ +136.4% |
| 1996 | 0.20x | $2.72 Billion | $547.00 Million | ▼ -52.6% |
| 1995 | 0.42x | $2.19 Billion | $928.00 Million | ▼ -38.7% |
| 1994 | 0.69x | $1.61 Billion | $1.11 Billion | ▼ -54.2% |
| 1993 | 1.51x | $1.38 Billion | $2.08 Billion | ▼ -61.4% |
| 1992 | 3.91x | $843.00 Million | $3.30 Billion | ▼ -17.7% |
| 1991 | 4.75x | $744.00 Million | $3.54 Billion | ▲ +12.3% |
| 1990 | 4.23x | $685.80 Million | $2.90 Billion | ▲ +134.2% |
| 1989 | 1.81x | $1.33 Billion | $2.39 Billion | — |