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). Read AAL current and long-term liabilities for a breakdown of total debt and financial obligations.
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 reinvestment intensity of American Airlines Group to see what proportion of operating cash flow is directed to capital expenditures.
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 market cap and net worth.
| 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 | — |