American Airlines Group Financial Flexibility Index
American Airlines Group financial flexibility index. American Airlines Group (AAL) has a Financial Flexibility Index of 0.02x as of June 2026. Free cash flow of $1.29 Billion (operating CF $471.00 Million minus capex $822.00 Million) represents 0% of total liabilities ($68.20 Billion). See AAL free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of American Airlines Group (1989–2025)
Financial flexibility index of American Airlines Group from 1989 to 2025. Historical Financial Flexibility Index trend for American Airlines Group across 37 annual periods. Check how high is American Airlines Group's earnings quality to evaluate the quality of earnings relative to operating cash generation.
American Airlines Group Financial Flexibility Index by Year (1989–2025)
American Airlines Group financial flexibility index by year from 1989 to 2025. Year-by-year free cash flow to debt coverage for American Airlines Group. For the full cash flow conversion analysis, see American Airlines Group (AAL) cash flow conversion.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.11x | $6.88 Billion | $3.10 Billion | $65.50 Billion | ▲ +3.6% |
| 2024 | 0.10x | $6.67 Billion | $3.98 Billion | $65.76 Billion | ▲ +8.1% |
| 2023 | 0.09x | $6.40 Billion | $3.80 Billion | $68.26 Billion | ▲ +30.2% |
| 2022 | 0.07x | $5.08 Billion | $2.17 Billion | $70.52 Billion | ▲ +482.9% |
| 2021 | 0.01x | $912.00 Million | $704.00 Million | $73.81 Billion | ▲ +118.6% |
| 2020 | -0.07x | $-4.58 Billion | $-6.54 Billion | $68.88 Billion | ▼ -149.5% |
| 2019 | 0.13x | $8.08 Billion | $3.81 Billion | $60.11 Billion | ▲ +12.2% |
| 2018 | 0.12x | $7.28 Billion | $3.53 Billion | $60.75 Billion | ▼ -40.1% |
| 2017 | 0.20x | $10.71 Billion | $4.74 Billion | $53.56 Billion | ▼ -22.5% |
| 2016 | 0.26x | $12.26 Billion | $6.52 Billion | $47.49 Billion | ▼ -11.0% |
| 2015 | 0.29x | $12.40 Billion | $6.25 Billion | $42.78 Billion | ▲ +42.3% |
| 2014 | 0.20x | $8.39 Billion | $3.08 Billion | $41.20 Billion | ▲ +141.9% |
| 2013 | 0.08x | $3.79 Billion | $675.00 Million | $45.01 Billion | ▼ -16.4% |
| 2012 | 0.10x | $3.17 Billion | $1.28 Billion | $31.50 Billion | ▲ +36.0% |
| 2011 | 0.07x | $2.29 Billion | $680.00 Million | $30.96 Billion | ▼ -32.8% |
| 2010 | 0.11x | $3.20 Billion | $1.24 Billion | $29.03 Billion | ▲ +30.2% |
| 2009 | 0.08x | $2.45 Billion | $930.00 Million | $28.93 Billion | ▲ +559.8% |
| 2008 | -0.02x | $-518.00 Million | $-1.39 Billion | $28.11 Billion | ▼ -118.0% |
| 2007 | 0.10x | $2.65 Billion | $1.94 Billion | $25.91 Billion | ▲ +23.2% |
| 2006 | 0.08x | $2.47 Billion | $1.94 Billion | $29.75 Billion | ▲ +50.8% |
| 2005 | 0.06x | $1.71 Billion | $1.02 Billion | $30.97 Billion | ▼ -7.3% |
| 2004 | 0.06x | $1.74 Billion | $717.00 Million | $29.35 Billion | ▲ +35.8% |
| 2003 | 0.04x | $1.28 Billion | $601.00 Million | $29.28 Billion | ▲ +66.5% |
| 2002 | 0.03x | $770.00 Million | $-1.11 Billion | $29.31 Billion | ▼ -82.6% |
| 2001 | 0.15x | $4.15 Billion | $511.00 Million | $27.47 Billion | ▼ -57.8% |
| 2000 | 0.36x | $6.82 Billion | $3.14 Billion | $19.04 Billion | ▲ +8.1% |
| 1999 | 0.33x | $5.80 Billion | $2.26 Billion | $17.52 Billion | ▼ -11.7% |
| 1998 | 0.38x | $5.86 Billion | $3.19 Billion | $15.61 Billion | ▲ +28.0% |
| 1997 | 0.29x | $4.31 Billion | $2.92 Billion | $14.70 Billion | ▲ +33.3% |
| 1996 | 0.22x | $3.26 Billion | $2.72 Billion | $14.83 Billion | ▲ +11.9% |
| 1995 | 0.20x | $3.11 Billion | $2.19 Billion | $15.84 Billion | ▲ +16.3% |
| 1994 | 0.17x | $2.72 Billion | $1.61 Billion | $16.11 Billion | ▼ -26.4% |
| 1993 | 0.23x | $3.46 Billion | $1.38 Billion | $15.05 Billion | ▼ -14.8% |
| 1992 | 0.27x | $4.14 Billion | $843.00 Million | $15.36 Billion | ▼ -21.8% |
| 1991 | 0.34x | $4.28 Billion | $744.00 Million | $12.41 Billion | ▼ -7.5% |
| 1990 | 0.37x | $3.59 Billion | $685.80 Million | $9.63 Billion | ▼ -28.8% |
| 1989 | 0.52x | $3.72 Billion | $1.33 Billion | $7.11 Billion | — |