American Airlines Group (AAL) — Cash Flow Reinvestment Rate
American Airlines Group (AAL) has a Cash Flow Reinvestment Rate of 2.48x as of June 2026, reinvesting $1.17 Billion (capex $822.00 Million plus investments $-347.00 Million) from operating cash flow of $471.00 Million. See American Airlines Group free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see American Airlines Group cash conversion from operations.
Annual Cash Flow Reinvestment Rate for American Airlines Group (1989–2025)
Year-by-year capital reinvestment analysis for American Airlines Group. See AAL financial flexibility score to measure the company's free cash flow as a share of total liabilities.
| 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 | — |