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. Check cash flow quality index of American Airlines Group to evaluate the quality of earnings relative to operating cash generation.
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. Explore American Airlines Group cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
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 how much is American Airlines Group 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 | — |