American Airlines Group (AAL) — Cash Flow-to-Debt Ratio
American Airlines Group (AAL) has a Cash Flow-to-Debt Ratio of 0.06x as of March 2026, meaning its operating cash flow of $4.22 Billion could theoretically repay 0% of its total liabilities ($67.81 Billion) in one year. See cash generation quality of American Airlines Group to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
American Airlines Group Cash Flow-to-Debt Ratio (1989–2025)
Historical debt coverage capacity for American Airlines Group across 37 annual periods. Also explore American Airlines Group (AAL) equity growth momentum to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for American Airlines Group (1989–2025)
Year-by-year debt coverage analysis for American Airlines Group. For market capitalisation and broader financial context, see American Airlines Group market capitalisation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.05x | $3.10 Billion | $65.50 Billion | ▼ -21.9% |
| 2024 | 0.06x | $3.98 Billion | $65.76 Billion | ▲ +8.7% |
| 2023 | 0.06x | $3.80 Billion | $68.26 Billion | ▲ +80.8% |
| 2022 | 0.03x | $2.17 Billion | $70.52 Billion | ▲ +223.1% |
| 2021 | 0.01x | $704.00 Million | $73.81 Billion | ▲ +110.0% |
| 2020 | -0.09x | $-6.54 Billion | $68.88 Billion | ▼ -249.7% |
| 2019 | 0.06x | $3.81 Billion | $60.11 Billion | ▲ +9.1% |
| 2018 | 0.06x | $3.53 Billion | $60.75 Billion | ▼ -34.3% |
| 2017 | 0.09x | $4.74 Billion | $53.56 Billion | ▼ -35.5% |
| 2016 | 0.14x | $6.52 Billion | $47.49 Billion | ▼ -6.0% |
| 2015 | 0.15x | $6.25 Billion | $42.78 Billion | ▲ +95.4% |
| 2014 | 0.07x | $3.08 Billion | $41.20 Billion | ▲ +398.4% |
| 2013 | 0.01x | $675.00 Million | $45.01 Billion | ▼ -63.2% |
| 2012 | 0.04x | $1.28 Billion | $31.50 Billion | ▲ +85.7% |
| 2011 | 0.02x | $680.00 Million | $30.96 Billion | ▼ -48.6% |
| 2010 | 0.04x | $1.24 Billion | $29.03 Billion | ▲ +33.0% |
| 2009 | 0.03x | $930.00 Million | $28.93 Billion | ▲ +164.8% |
| 2008 | -0.05x | $-1.39 Billion | $28.11 Billion | ▼ -166.4% |
| 2007 | 0.07x | $1.94 Billion | $25.91 Billion | ▲ +14.6% |
| 2006 | 0.07x | $1.94 Billion | $29.75 Billion | ▲ +97.1% |
| 2005 | 0.03x | $1.02 Billion | $30.97 Billion | ▲ +35.4% |
| 2004 | 0.02x | $717.00 Million | $29.35 Billion | ▲ +19.0% |
| 2003 | 0.02x | $601.00 Million | $29.28 Billion | ▲ +154.1% |
| 2002 | -0.04x | $-1.11 Billion | $29.31 Billion | ▼ -303.8% |
| 2001 | 0.02x | $511.00 Million | $27.47 Billion | ▼ -88.7% |
| 2000 | 0.17x | $3.14 Billion | $19.04 Billion | ▲ +27.7% |
| 1999 | 0.13x | $2.26 Billion | $17.52 Billion | ▼ -36.9% |
| 1998 | 0.20x | $3.19 Billion | $15.61 Billion | ▲ +3.1% |
| 1997 | 0.20x | $2.92 Billion | $14.70 Billion | ▲ +8.5% |
| 1996 | 0.18x | $2.72 Billion | $14.83 Billion | ▲ +32.7% |
| 1995 | 0.14x | $2.19 Billion | $15.84 Billion | ▲ +38.1% |
| 1994 | 0.10x | $1.61 Billion | $16.11 Billion | ▲ +9.2% |
| 1993 | 0.09x | $1.38 Billion | $15.05 Billion | ▲ +66.7% |
| 1992 | 0.05x | $843.00 Million | $15.36 Billion | ▼ -8.4% |
| 1991 | 0.06x | $744.00 Million | $12.41 Billion | ▼ -15.9% |
| 1990 | 0.07x | $685.80 Million | $9.63 Billion | ▼ -61.8% |
| 1989 | 0.19x | $1.33 Billion | $7.11 Billion | — |