American Airlines Group (AAL) — Cash Flow Reinvestment Rate
American Airlines Group (AAL) has a Cash Flow Reinvestment Rate of 0.55x as of March 2026, reinvesting $2.32 Billion (capex $811.00 Million plus investments $-1.51 Billion) from operating cash flow of $4.22 Billion. Explore American Airlines Group capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
American Airlines Group Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for American Airlines Group across 34 annual periods. Also explore American Airlines Group assets under control for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for American Airlines Group (1989–2025)
Year-by-year capital reinvestment analysis for American Airlines Group. For live market cap and broader valuation context, see American Airlines Group market cap and net worth.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.63x | $5.07 Billion | $3.10 Billion | $3.78 Billion | ▲ +78.3% |
| 2024 | 0.92x | $3.65 Billion | $3.98 Billion | $2.68 Billion | ▲ +12.5% |
| 2023 | 0.81x | $3.10 Billion | $3.80 Billion | $2.60 Billion | ▼ -50.0% |
| 2022 | 1.63x | $3.54 Billion | $2.17 Billion | $2.91 Billion | ▼ -80.0% |
| 2021 | 8.15x | $5.74 Billion | $704.00 Million | $208.00 Million | ▲ +494.9% |
| 2019 | 1.37x | $5.23 Billion | $3.81 Billion | $4.27 Billion | ▲ +14.1% |
| 2018 | 1.20x | $4.25 Billion | $3.53 Billion | $3.75 Billion | ▼ -4.5% |
| 2017 | 1.26x | $5.97 Billion | $4.74 Billion | $5.97 Billion | ▲ +43.3% |
| 2016 | 0.88x | $5.73 Billion | $6.52 Billion | $5.73 Billion | ▼ -10.8% |
| 2015 | 0.98x | $6.15 Billion | $6.25 Billion | $6.15 Billion | ▼ -42.9% |
| 2014 | 1.72x | $5.31 Billion | $3.08 Billion | $5.31 Billion | ▼ -62.6% |
| 2013 | 4.61x | $3.11 Billion | $675.00 Million | $3.11 Billion | ▲ +214.0% |
| 2012 | 1.47x | $1.89 Billion | $1.28 Billion | $1.89 Billion | ▼ -38.1% |
| 2011 | 2.37x | $1.61 Billion | $680.00 Million | $1.61 Billion | ▲ +50.1% |
| 2010 | 1.58x | $1.96 Billion | $1.24 Billion | $1.96 Billion | ▼ -3.3% |
| 2009 | 1.64x | $1.52 Billion | $930.00 Million | $1.52 Billion | ▲ +343.2% |
| 2007 | 0.37x | $714.00 Million | $1.94 Billion | $714.00 Million | ▲ +35.0% |
| 2006 | 0.27x | $530.00 Million | $1.94 Billion | $530.00 Million | ▼ -58.9% |
| 2005 | 0.67x | $681.00 Million | $1.02 Billion | $681.00 Million | ▼ -53.6% |
| 2004 | 1.43x | $1.03 Billion | $717.00 Million | $1.03 Billion | ▲ +26.6% |
| 2003 | 1.13x | $680.00 Million | $601.00 Million | $680.00 Million | ▼ -84.1% |
| 2001 | 7.12x | $3.64 Billion | $511.00 Million | $3.64 Billion | ▲ +508.5% |
| 2000 | 1.17x | $3.68 Billion | $3.14 Billion | $3.68 Billion | ▼ -25.1% |
| 1999 | 1.56x | $3.54 Billion | $2.26 Billion | $3.54 Billion | ▲ +87.7% |
| 1998 | 0.83x | $2.66 Billion | $3.19 Billion | $2.66 Billion | ▲ +75.0% |
| 1997 | 0.48x | $1.39 Billion | $2.92 Billion | $1.39 Billion | ▲ +136.4% |
| 1996 | 0.20x | $547.00 Million | $2.72 Billion | $547.00 Million | ▼ -52.6% |
| 1995 | 0.42x | $928.00 Million | $2.19 Billion | $928.00 Million | ▼ -38.7% |
| 1994 | 0.69x | $1.11 Billion | $1.61 Billion | $1.11 Billion | ▼ -54.2% |
| 1993 | 1.51x | $2.08 Billion | $1.38 Billion | $2.08 Billion | ▼ -61.4% |
| 1992 | 3.91x | $3.30 Billion | $843.00 Million | $3.30 Billion | ▼ -17.7% |
| 1991 | 4.75x | $3.54 Billion | $744.00 Million | $3.54 Billion | ▲ +12.3% |
| 1990 | 4.23x | $2.90 Billion | $685.80 Million | $2.90 Billion | ▲ +134.2% |
| 1989 | 1.81x | $2.39 Billion | $1.33 Billion | $2.39 Billion | — |