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American Airlines Group Inc.

AAL

Industrials · 13.00 +1.1% today

Participation confirmed · construction unavailableMarket checked 11 Sept, 15:55 GMT-4

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.

Company+1.1% todayVolume comparison unavailable
Market group5 of 37 activeAirline Operators · inactive
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • 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.

Watch this read

Research brief

The story so far

Industrials · Airlines

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.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • 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

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements151
Verified relationships10
Evidence supporting the case
  • 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.
Evidence challenging the case
  • 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.
Questions before a position
  • 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.
Longer-term price context

Price as of Sep 11, 2026

13.00
6m+23.2%12m+1.4%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$29.9B+72.4%$-3.09+33.1%
2022-12-31$49.0B+63.9%$0.19+1.7%
2023-12-31$52.8B+7.8%$1.21+9.9%
2024-12-31$54.2B+2.7%$1.24+0.2%
2025-12-31$54.6B+0.8%$0.17-8.4%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 5 filings
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
Demand and volumepositive · 5 filings
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
Legal and regulatory exposurenegative · 5 filings
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
Supply chain and availabilitymixed · 5 filings
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.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

13.00+1.1% today

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.