“Interest expense, net decreased $90 million, or 10.0%, in the first six months of 2026 from the first six months of 2025, primarily due to repayments of higher interest debt, offset in part by the issuance of debt subsequent to the second quarter of 2025.”10-Q · Jul 23, 2026 ↗
American Airlines Group Inc.
AAL
Market read
American Airlines Group Inc.'s move is being confirmed by its market group.
No new filing conclusion is available. 5 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
- At least 25 of 37 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as ULCC begins moving with the group.
Invalidation: The live read weakens if participation falls to 12 of 37 members or fewer.
Research brief
The story so far
No new filing conclusion is available. 5 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- At least 25 of 37 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as ULCC begins moving with the group.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating cash flow covered net income at 27.92x in the latest annual period.
- Demand and volume has repeated favorable evidence across 5 filings.
- Supply chain and availability has repeated favorable evidence across 5 filings.
- Operating margin changed -2.1 percentage points in the latest annual period.
- Net margin changed -1.4 percentage points in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 5 filings.
- Energy and commodity prices has repeated adverse evidence across 3 filings.
- P/E is 630% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 32% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
13.00Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“50 Table of Contents Six Months Ended June 30, 2026 Compared to Six Months Ended June 30, 2025 Operating Revenues Six Months Ended June 30, Increase Percent Increase 2026 2025 (In millions, except percentage changes) Passenger $ 27,709 $ 24,514 $ 3,195 13.0 C…”10-Q · Jul 23, 2026 ↗
“Operating Special Items, Net Six Months Ended June 30, 2026 2025 (In millions) Litigation reserve adjustments $ 12 $ 77 Labor contract expenses (1) 2 31 Other operating special items, net 7 10 Mainline operating special items, net $ 21 $ 118 (1) Labor contrac…”10-Q · Jul 23, 2026 ↗
“51 Table of Contents Maintenance, materials and repairs increased $160 million, or 8.7%, in the first six months of 2026 from the first six months of 2025, primarily due to increased costs for engine overhauls, component part repairs and airframe heavy checks…”10-Q · Jul 23, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.2× · EV/sales 0.6×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for AAL. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for AAL. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind AAL
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
BKNGBooking Holdings Inc.distributorFeb 18, 2026 ▾
“While our priority is to migrate an increasing portion of our customers to our modern, direct distribution channels in lieu of third party channels, we continue to rely on third-party distribution channels, including those provided by or through global distri…”
EXPEExpedia Group, Inc.distributorFeb 18, 2026 ▾
“While our priority is to migrate an increasing portion of our customers to our modern, direct distribution channels in lieu of third party channels, we continue to rely on third-party distribution channels, including those provided by or through global distri…”
Depended on by
CECelanese CorporationcustomerFeb 24, 2026 ▾
“Richardson held various finance, operational and leadership roles at American Airlines.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
AAL is currently a Participant in the organic co-movement group Airline Operators. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.