American Airlines Group (AAL) — Capital Reinvestment Ratio
Latest as of March 2026:
0.19x
American Airlines Group (AAL) has a Capital Reinvestment Ratio of 0.19x as of March 2026, meaning it reinvests 0% of its operating cash flow ($4.22 Billion) in capital expenditures ($811.00 Million). See free cash flow generation of American Airlines Group to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.19x
Capex / Operating Cash Flow
Operating Cash Flow
$4.22 Billion
USD
Capital Expenditures
$811.00 Million
USD
Data as of
Mar 2026
Most recent filing
American Airlines Group Capital Reinvestment Ratio (1989–2025)
This chart tracks American Airlines Group's Capital Reinvestment Ratio across 34 annual periods.
Annual Capital Reinvestment Ratio for American Airlines Group (1989–2025)
Year-by-year Capital Reinvestment Ratio for American Airlines Group from 1989 to 2025. For live market cap and broader valuation context, see AAL stock market capitalisation.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow