American Airlines Group (AAL) — Free Cash Flow Generation Index
American Airlines Group (AAL) has a Free Cash Flow Generation Index of -0.75x as of June 2026. Free cash flow of $-351.00 Million represents -1% of operating cash flow ($471.00 Million). Explore AAL capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see American Airlines Group (AAL) cash flow conversion.
Annual Free Cash Flow Generation for American Airlines Group (1989–2025)
Year-by-year Free Cash Flow Generation Index for American Airlines Group. Check AAL cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |