American Airlines Group (AAL) — Net Asset Quality Index
American Airlines Group (AAL) has a Net Asset Quality Index of -6.2% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $64.23 Billion minus total liabilities of $68.20 Billion yields net assets of $-3.97 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check AAL operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
American Airlines Group Net Asset Quality Index Over Time (1985–2025)
This chart shows how American Airlines Group's Net Asset Quality Index has evolved across 41 annual periods from 1985 to 2025. As of June 2026, the index stands at -6.2%, representing net assets of $-3.97 Billion against total assets of $64.23 Billion USD. See AAL total equity for net asset value and shareholders' equity analysis.
Annual Net Asset Quality Index for American Airlines Group (1985–2025)
The table below presents the year-by-year Net Asset Quality Index for American Airlines Group from 1985 to 2025, covering 41 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For live market cap and overall valuation, see American Airlines Group stock valuation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -6.0% | $-3.73 Billion | $61.77 Billion | $65.50 Billion | ▲ +0.4 pp |
| 2024 | -6.4% | $-3.98 Billion | $61.78 Billion | $65.76 Billion | ▲ +1.8 pp |
| 2023 | -8.2% | $-5.20 Billion | $63.06 Billion | $68.26 Billion | ▲ +0.7 pp |
| 2022 | -9.0% | $-5.80 Billion | $64.72 Billion | $70.52 Billion | ▲ +2.1 pp |
| 2021 | -11.0% | $-7.34 Billion | $66.47 Billion | $73.81 Billion | ▲ +0.0 pp |
| 2020 | -11.1% | $-6.87 Billion | $62.01 Billion | $68.88 Billion | ▼ -10.9 pp |
| 2019 | -0.2% | $-118.00 Million | $59.99 Billion | $60.11 Billion | ▲ +0.1 pp |
| 2018 | -0.3% | $-169.00 Million | $60.58 Billion | $60.75 Billion | ▲ +1.2 pp |
| 2017 | -1.5% | $-780.00 Million | $52.78 Billion | $53.56 Billion | ▼ -8.9 pp |
| 2016 | 7.4% | $3.79 Billion | $51.27 Billion | $47.49 Billion | ▼ -4.3 pp |
| 2015 | 11.6% | $5.63 Billion | $48.41 Billion | $42.78 Billion | ▲ +7.0 pp |
| 2014 | 4.7% | $2.02 Billion | $43.23 Billion | $41.20 Billion | ▲ +11.1 pp |
| 2013 | -6.5% | $-2.73 Billion | $42.28 Billion | $45.01 Billion | ▲ +27.5 pp |
| 2012 | -34.0% | $-7.99 Billion | $23.51 Billion | $31.50 Billion | ▼ -4.2 pp |
| 2011 | -29.8% | $-7.11 Billion | $23.85 Billion | $30.96 Billion | ▼ -14.1 pp |
| 2010 | -15.7% | $-3.94 Billion | $25.09 Billion | $29.03 Billion | ▼ -2.0 pp |
| 2009 | -13.7% | $-3.49 Billion | $25.44 Billion | $28.93 Billion | ▼ -2.1 pp |
| 2008 | -11.7% | $-2.94 Billion | $25.18 Billion | $28.11 Billion | ▼ -21.0 pp |
| 2007 | 9.3% | $2.66 Billion | $28.57 Billion | $25.91 Billion | ▲ +11.4 pp |
| 2006 | -2.1% | $-606.00 Million | $29.14 Billion | $29.75 Billion | ▲ +2.9 pp |
| 2005 | -5.0% | $-1.48 Billion | $29.50 Billion | $30.97 Billion | ▼ -3.0 pp |
| 2004 | -2.0% | $-581.00 Million | $28.77 Billion | $29.35 Billion | ▼ -2.2 pp |
| 2003 | 0.2% | $46.00 Million | $29.33 Billion | $29.28 Billion | ▼ -3.0 pp |
| 2002 | 3.2% | $957.00 Million | $30.27 Billion | $29.31 Billion | ▼ -13.2 pp |
| 2001 | 16.4% | $5.37 Billion | $32.84 Billion | $27.47 Billion | ▼ -11.0 pp |
| 2000 | 27.4% | $7.18 Billion | $26.21 Billion | $19.04 Billion | ▼ -0.8 pp |
| 1999 | 28.1% | $6.86 Billion | $24.37 Billion | $17.52 Billion | ▼ -1.9 pp |
| 1998 | 30.0% | $6.70 Billion | $22.30 Billion | $15.61 Billion | ▲ +0.3 pp |
| 1997 | 29.7% | $6.22 Billion | $20.91 Billion | $14.70 Billion | ▲ +2.1 pp |
| 1996 | 27.7% | $5.67 Billion | $20.50 Billion | $14.83 Billion | ▲ +8.6 pp |
| 1995 | 19.0% | $3.72 Billion | $19.56 Billion | $15.84 Billion | ▲ +1.7 pp |
| 1994 | 17.3% | $3.38 Billion | $19.49 Billion | $16.11 Billion | ▼ -4.8 pp |
| 1993 | 22.1% | $4.28 Billion | $19.33 Billion | $15.05 Billion | ▲ +4.2 pp |
| 1992 | 17.9% | $3.35 Billion | $18.71 Billion | $15.36 Billion | ▼ -5.5 pp |
| 1991 | 23.4% | $3.79 Billion | $16.21 Billion | $12.41 Billion | ▼ -4.5 pp |
| 1990 | 27.9% | $3.73 Billion | $13.35 Billion | $9.63 Billion | ▼ -6.7 pp |
| 1989 | 34.6% | $3.77 Billion | $10.88 Billion | $7.11 Billion | ▲ +2.2 pp |
| 1988 | 32.4% | $3.15 Billion | $9.72 Billion | $6.57 Billion | ▲ +0.5 pp |
| 1987 | 31.8% | $2.68 Billion | $8.42 Billion | $5.74 Billion | ▼ -1.2 pp |
| 1986 | 33.0% | $2.48 Billion | $7.53 Billion | $5.04 Billion | ▼ -1.0 pp |
| 1985 | 34.0% | $2.18 Billion | $6.42 Billion | $4.24 Billion | — |