American Airlines Group (AAL) — Cash Flow Quality Index
American Airlines Group (AAL) has a Cash Flow Quality Index of -2.77x as of December 2025. Operating cash flow of $-274.00 Million is below net income of $99.00 Million, suggesting accrual-heavy earnings not yet converted to cash. Also explore American Airlines Group balance sheet assets for the complete picture of this company's asset base.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
American Airlines Group Cash Flow Quality Index (1989–2025)
Historical Cash Flow Quality Index for American Airlines Group across 20 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check American Airlines Group (AAL) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for American Airlines Group (1989–2025)
Year-by-year earnings quality comparison for American Airlines Group. For live market cap and the full company financial profile, see American Airlines Group (AAL) total market value.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 27.92x | $3.10 Billion | $111.00 Million | ▲ +493.0% |
| 2024 | 4.71x | $3.98 Billion | $846.00 Million | ▲ +1.8% |
| 2023 | 4.63x | $3.80 Billion | $822.00 Million | ▼ -73.0% |
| 2022 | 17.11x | $2.17 Billion | $127.00 Million | ▲ +656.2% |
| 2019 | 2.26x | $3.81 Billion | $1.69 Billion | ▼ -9.6% |
| 2018 | 2.50x | $3.53 Billion | $1.41 Billion | ▼ -32.4% |
| 2017 | 3.70x | $4.74 Billion | $1.28 Billion | ▲ +51.8% |
| 2016 | 2.44x | $6.52 Billion | $2.68 Billion | ▲ +196.9% |
| 2015 | 0.82x | $6.25 Billion | $7.61 Billion | ▼ -23.2% |
| 2014 | 1.07x | $3.08 Billion | $2.88 Billion | ▼ -72.2% |
| 2007 | 3.84x | $1.94 Billion | $504.00 Million | ▼ -54.3% |
| 2006 | 8.39x | $1.94 Billion | $231.00 Million | ▲ +123.3% |
| 2000 | 3.76x | $3.14 Billion | $836.00 Million | ▲ +8.9% |
| 1999 | 3.45x | $2.26 Billion | $656.00 Million | ▲ +41.9% |
| 1998 | 2.43x | $3.19 Billion | $1.31 Billion | ▼ -18.0% |
| 1997 | 2.96x | $2.92 Billion | $985.00 Million | ▲ +35.5% |
| 1996 | 2.19x | $2.72 Billion | $1.24 Billion | ▼ -80.4% |
| 1995 | 11.15x | $2.19 Billion | $196.00 Million | ▲ +58.0% |
| 1994 | 7.06x | $1.61 Billion | $228.00 Million | ▲ +142.1% |
| 1989 | 2.91x | $1.33 Billion | $454.80 Million | — |