American Airlines Group (AAL) - Cash Flow Conversion Efficiency
Based on the latest financial reports, American Airlines Group (AAL) has a cash flow conversion efficiency ratio of -1.036x as of March 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($4.22 Billion) by net assets ($-4.08 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See AAL cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
American Airlines Group - Cash Flow Conversion Efficiency Trend (1989–2025)
This chart illustrates how American Airlines Group's cash flow conversion efficiency has evolved over time, based on yearly financial data.
American Airlines Group Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of American Airlines Group ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
CCL Industries Inc
TO:CCL-B
|
0.078x |
|
Service Corporation International
NYSE:SCI
|
0.211x |
|
Klepierre SA
PA:LI
|
0.039x |
|
Sanlam Ltd
JSE:SLM
|
0.114x |
|
Zhejiang Jingsheng Mech Electric
SHE:300316
|
-0.003x |
|
Encompass Health Corp
NYSE:EHC
|
0.093x |
|
Mineral Resources Ltd
AU:MIN
|
0.209x |
|
CPFL Energia S.A
SA:CPFE3
|
0.060x |
Annual Cash Flow Conversion Efficiency for American Airlines Group (1989–2025)
The table below shows the annual cash flow conversion efficiency of American Airlines Group from 1989 to 2025. For the full company profile with market capitalisation and key ratios, see AAL market cap overview.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $-3.73 Billion | $3.10 Billion | -0.831x | +16.98% |
| 2024-12-31 | $-3.98 Billion | $3.98 Billion | -1.002x | -36.99% |
| 2023-12-31 | $-5.20 Billion | $3.80 Billion | -0.731x | -95.10% |
| 2022-12-31 | $-5.80 Billion | $2.17 Billion | -0.375x | -290.69% |
| 2021-12-31 | $-7.34 Billion | $704.00 Million | -0.096x | -110.07% |
| 2020-12-31 | $-6.87 Billion | $-6.54 Billion | 0.953x | +102.95% |
| 2019-12-31 | $-118.00 Million | $3.81 Billion | -32.331x | -54.65% |
| 2018-12-31 | $-169.00 Million | $3.53 Billion | -20.905x | -243.72% |
| 2017-12-31 | $-780.00 Million | $4.74 Billion | -6.082x | -452.86% |
| 2016-12-31 | $3.79 Billion | $6.52 Billion | 1.724x | +55.43% |
| 2015-12-31 | $5.63 Billion | $6.25 Billion | 1.109x | -27.23% |
| 2014-12-31 | $2.02 Billion | $3.08 Billion | 1.524x | +716.60% |
| 2013-12-31 | $-2.73 Billion | $675.00 Million | -0.247x | -53.63% |
| 2012-12-31 | $-7.99 Billion | $1.28 Billion | -0.161x | -68.24% |
| 2011-12-31 | $-7.11 Billion | $680.00 Million | -0.096x | +69.60% |
| 2010-12-31 | $-3.94 Billion | $1.24 Billion | -0.315x | -18.02% |
| 2009-12-31 | $-3.49 Billion | $930.00 Million | -0.267x | -156.12% |
| 2008-12-31 | $-2.94 Billion | $-1.39 Billion | 0.475x | -34.78% |
| 2007-12-31 | $2.66 Billion | $1.94 Billion | 0.728x | +122.76% |
| 2006-12-31 | $-606.00 Million | $1.94 Billion | -3.200x | -361.83% |
| 2005-12-31 | $-1.48 Billion | $1.02 Billion | -0.693x | +43.86% |
| 2004-12-31 | $-581.00 Million | $717.00 Million | -1.234x | -109.45% |
| 2003-12-31 | $46.00 Million | $601.00 Million | 13.065x | +1225.42% |
| 2002-12-31 | $957.00 Million | $-1.11 Billion | -1.161x | -1320.67% |
| 2001-12-31 | $5.37 Billion | $511.00 Million | 0.095x | -78.28% |
| 2000-12-31 | $7.18 Billion | $3.14 Billion | 0.438x | +32.63% |
| 1999-12-31 | $6.86 Billion | $2.26 Billion | 0.330x | -30.79% |
| 1998-12-31 | $6.70 Billion | $3.19 Billion | 0.477x | +1.54% |
| 1997-12-31 | $6.22 Billion | $2.92 Billion | 0.470x | -1.97% |
| 1996-12-31 | $5.67 Billion | $2.72 Billion | 0.479x | -18.42% |
| 1995-12-31 | $3.72 Billion | $2.19 Billion | 0.587x | +23.39% |
| 1994-12-31 | $3.38 Billion | $1.61 Billion | 0.476x | +47.82% |
| 1993-12-31 | $4.28 Billion | $1.38 Billion | 0.322x | +27.93% |
| 1992-12-31 | $3.35 Billion | $843.00 Million | 0.252x | +28.36% |
| 1991-12-31 | $3.79 Billion | $744.00 Million | 0.196x | +6.58% |
| 1990-12-31 | $3.73 Billion | $685.80 Million | 0.184x | -47.73% |
| 1989-12-31 | $3.77 Billion | $1.33 Billion | 0.352x | -- |
About American Airlines Group
American Airlines Group Inc., through its subsidiaries, operates as a network air carrier in the United States, Latin America, Atlantic, and Pacific. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C., as well as through partner gate… Read more