American Airlines Group (AAL) — Free Cash Flow Generation Index
American Airlines Group (AAL) has a Free Cash Flow Generation Index of 0.81x as of March 2026. Free cash flow of $3.41 Billion represents 1% of operating cash flow ($4.22 Billion). See AAL working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
American Airlines Group Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for American Airlines Group across 34 annual periods. Explore debt repayment capacity of American Airlines Group to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for American Airlines Group (1989–2025)
Year-by-year Free Cash Flow Generation Index for American Airlines Group. For the full company profile including market capitalisation, see American Airlines Group (AAL) market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | -0.22x | $-680.00 Million | $3.10 Billion | $3.78 Billion | ▼ -167.2% |
| 2024 | 0.33x | $1.30 Billion | $3.98 Billion | $2.68 Billion | ▲ +2.8% |
| 2023 | 0.32x | $1.21 Billion | $3.80 Billion | $2.60 Billion | ▲ +194.1% |
| 2022 | -0.34x | $-733.00 Million | $2.17 Billion | $2.91 Billion | ▼ -147.9% |
| 2021 | 0.70x | $496.00 Million | $704.00 Million | $208.00 Million | ▲ +693.3% |
| 2019 | -0.12x | $-453.00 Million | $3.81 Billion | $4.27 Billion | ▼ -97.9% |
| 2018 | -0.06x | $-212.00 Million | $3.53 Billion | $3.75 Billion | ▲ +76.8% |
| 2017 | -0.26x | $-1.23 Billion | $4.74 Billion | $5.97 Billion | ▼ -312.8% |
| 2016 | 0.12x | $793.00 Million | $6.52 Billion | $5.73 Billion | ▲ +675.1% |
| 2015 | 0.02x | $98.00 Million | $6.25 Billion | $6.15 Billion | ▲ +102.2% |
| 2014 | -0.72x | $-2.23 Billion | $3.08 Billion | $5.31 Billion | ▲ +80.0% |
| 2013 | -3.61x | $-2.44 Billion | $675.00 Million | $3.11 Billion | ▼ -662.4% |
| 2012 | -0.47x | $-609.00 Million | $1.28 Billion | $1.89 Billion | ▲ +65.5% |
| 2011 | -1.37x | $-934.00 Million | $680.00 Million | $1.61 Billion | ▼ -136.4% |
| 2010 | -0.58x | $-721.00 Million | $1.24 Billion | $1.96 Billion | ▲ +8.6% |
| 2009 | -0.64x | $-591.00 Million | $930.00 Million | $1.52 Billion | ▼ -200.6% |
| 2007 | 0.63x | $1.22 Billion | $1.94 Billion | $714.00 Million | ▼ -13.1% |
| 2006 | 0.73x | $1.41 Billion | $1.94 Billion | $530.00 Million | ▲ +116.9% |
| 2005 | 0.33x | $343.00 Million | $1.02 Billion | $681.00 Million | ▲ +177.5% |
| 2004 | -0.43x | $-310.00 Million | $717.00 Million | $1.03 Billion | ▼ -228.9% |
| 2003 | -0.13x | $-79.00 Million | $601.00 Million | $680.00 Million | ▲ +97.9% |
| 2001 | -6.12x | $-3.13 Billion | $511.00 Million | $3.64 Billion | ▼ -3489.4% |
| 2000 | -0.17x | $-536.00 Million | $3.14 Billion | $3.68 Billion | ▲ +69.7% |
| 1999 | -0.56x | $-1.27 Billion | $2.26 Billion | $3.54 Billion | ▼ -436.9% |
| 1998 | 0.17x | $534.00 Million | $3.19 Billion | $2.66 Billion | ▼ -68.1% |
| 1997 | 0.52x | $1.53 Billion | $2.92 Billion | $1.39 Billion | ▼ -34.4% |
| 1996 | 0.80x | $2.17 Billion | $2.72 Billion | $547.00 Million | ▲ +38.8% |
| 1995 | 0.58x | $1.26 Billion | $2.19 Billion | $928.00 Million | ▲ +87.0% |
| 1994 | 0.31x | $495.00 Million | $1.61 Billion | $1.11 Billion | ▲ +160.3% |
| 1993 | -0.51x | $-703.00 Million | $1.38 Billion | $2.08 Billion | ▲ +82.5% |
| 1992 | -2.91x | $-2.46 Billion | $843.00 Million | $3.30 Billion | ▲ +22.4% |
| 1991 | -3.75x | $-2.79 Billion | $744.00 Million | $3.54 Billion | ▼ -16.2% |
| 1990 | -3.23x | $-2.22 Billion | $685.80 Million | $2.90 Billion | ▼ -300.5% |
| 1989 | -0.81x | $-1.07 Billion | $1.33 Billion | $2.39 Billion | — |