American Airlines Group annual net debt
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American Airlines Group Net Debt Growth & History (AAL)
American Airlines Group's net debt was $35.23B for fiscal 2025.
View full American Airlines Group company overviewAmerican Airlines Group annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $35.23B | −$1.72B | −4.65% |
| 2024 | 2024-12-31 | $36.95B | $597.0M | +1.64% |
| 2023 | 2023-12-31 | $36.35B | −$3.48B | −8.73% |
| 2022 | 2022-12-31 | $39.83B | −$3.45B | −7.98% |
| 2021 | 2021-12-31 | $43.28B | $5.46B | +14.42% |
| 2020 | 2020-12-31 | $37.83B | $7.53B | +24.86% |
| 2019 | 2019-12-31 | $30.29B | −$156.0M | −0.51% |
| 2018 | 2018-12-31 | $30.45B | $5.55B | +22.27% |
| 2017 | 2017-12-31 | $24.90B | $765.0M | +3.17% |
| 2016 | 2016-12-31 | $24.14B | $3.84B | +18.91% |
| 2015 | 2015-12-31 | $20.30B | $3.33B | +19.63% |
| 2014 | 2014-12-31 | $16.97B | $1.22B | +7.71% |
| 2013 | 2013-12-31 | $15.75B | $7.70B | +95.58% |
| 2012 | 2012-12-31 | $8.05B | $118.0M | +1.49% |
| 2011 | 2011-12-31 | $7.94B | −$3.03B | −27.63% |
| 2010 | 2010-12-31 | $10.97B | −$576.0M | −4.99% |
| 2009 | 2009-12-31 | $11.54B | — | — |
American Airlines Group quarterly net debt
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Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $34.22B | $2.56B | +8.07% |
| Q1 2026 | 2026-03-31 | $33.12B | $2.18B | +7.04% |
| Q4 2025 | 2025-12-31 | $35.23B | −$1.72B | −4.65% |
| Q3 2025 | 2025-09-30 | $31.52B | −$1.33B | −4.06% |
| Q2 2025 | 2025-06-30 | $31.66B | −$2.92B | −8.45% |
| Q1 2025 | 2025-03-31 | $30.94B | −$4.32B | −12.24% |
| Q4 2024 | 2024-12-31 | $36.95B | $597.0M | +1.64% |
| Q3 2024 | 2024-09-30 | $32.86B | −$3.90B | −10.60% |
| Q2 2024 | 2024-06-30 | $34.59B | −$3.34B | −8.81% |
| Q1 2024 | 2024-03-31 | $35.26B | −$3.51B | −9.06% |
| Q4 2023 | 2023-12-31 | $36.35B | −$3.48B | −8.73% |
| Q3 2023 | 2023-09-30 | $36.75B | −$4.71B | −11.35% |
| Q2 2023 | 2023-06-30 | $37.93B | −$4.29B | −10.17% |
| Q1 2023 | 2023-03-31 | $38.77B | −$4.20B | −9.78% |
| Q4 2022 | 2022-12-31 | $39.83B | −$3.45B | −7.98% |
| Q3 2022 | 2022-09-30 | $41.46B | −$2.22B | −5.08% |
| Q2 2022 | 2022-06-30 | $42.22B | −$2.81B | −6.24% |
| Q1 2022 | 2022-03-31 | $42.97B | −$2.18B | −4.82% |
| Q4 2021 | 2021-12-31 | $43.28B | $5.46B | +14.42% |
| Q3 2021 | 2021-09-30 | $43.67B | $5.48B | +14.34% |
| Q2 2021 | 2021-06-30 | $45.03B | $8.03B | +21.69% |
| Q1 2021 | 2021-03-31 | $45.15B | $15.08B | +50.14% |
| Q4 2020 | 2020-12-31 | $37.83B | $7.53B | +24.86% |
| Q3 2020 | 2020-09-30 | $38.20B | $7.69B | +25.20% |
| Q2 2020 | 2020-06-30 | $37.01B | $6.09B | +19.69% |
| Q1 2020 | 2020-03-31 | $30.07B | $343.0M | +1.15% |
| Q4 2019 | 2019-12-31 | $30.29B | −$156.0M | −0.51% |
| Q3 2019 | 2019-09-30 | $30.51B | $8.55B | +38.93% |
| Q2 2019 | 2019-06-30 | $30.92B | $9.36B | +43.42% |
| Q1 2019 | 2019-03-31 | $29.73B | $8.18B | +37.97% |
| Q4 2018 | 2018-12-31 | $30.45B | $5.55B | +22.27% |
| Q3 2018 | 2018-09-30 | $21.96B | $187.0M | +0.86% |
| Q2 2018 | 2018-06-30 | $21.56B | −$478.0M | −2.17% |
| Q1 2018 | 2018-03-31 | $21.55B | −$816.0M | −3.65% |
| Q4 2017 | 2017-12-31 | $24.90B | $765.0M | +3.17% |
| Q3 2017 | 2017-09-30 | $21.77B | $609.0M | +2.88% |
| Q2 2017 | 2017-06-30 | $22.04B | $1.35B | +6.53% |
| Q1 2017 | 2017-03-31 | $22.36B | $3.72B | +19.97% |
| Q4 2016 | 2016-12-31 | $24.14B | $3.84B | +18.91% |
| Q3 2016 | 2016-09-30 | $21.16B | $1.59B | +8.11% |
| Q2 2016 | 2016-06-30 | $20.68B | $2.80B | +15.64% |
| Q1 2016 | 2016-03-31 | $18.64B | $716.0M | +3.99% |
| Q4 2015 | 2015-12-31 | $20.30B | $3.33B | +19.63% |
| Q3 2015 | 2015-09-30 | $19.58B | $3.60B | +22.57% |
| Q2 2015 | 2015-06-30 | $17.89B | $2.30B | +14.77% |
| Q1 2015 | 2015-03-31 | $17.92B | $2.40B | +15.50% |
| Q4 2014 | 2014-12-31 | $16.97B | $1.22B | +7.71% |
| Q3 2014 | 2014-09-30 | $15.97B | $6.12B | +62.15% |
| Q2 2014 | 2014-06-30 | $15.59B | $6.51B | +71.70% |
| Q1 2014 | 2014-03-31 | $15.52B | $7.82B | +101.51% |
| Q4 2013 | 2013-12-31 | $15.75B | $7.70B | +95.58% |
| Q3 2013 | 2013-09-30 | $9.85B | $2.33B | +30.90% |
| Q2 2013 | 2013-06-30 | $9.08B | $1.08B | +13.48% |
| Q1 2013 | 2013-03-31 | $7.70B | −$474.0M | −5.80% |
| Q4 2012 | 2012-12-31 | $8.05B | $118.0M | +1.49% |
| Q3 2012 | 2012-09-30 | $7.53B | −$3.79B | −33.50% |
| Q2 2012 | 2012-06-30 | $8.00B | −$3.56B | −30.83% |
| Q1 2012 | 2012-03-31 | $8.18B | −$3.66B | −30.91% |
| Q4 2011 | 2011-12-31 | $7.94B | −$3.03B | −27.63% |
| Q3 2011 | 2011-09-30 | $11.32B | $229.0M | +2.07% |
| Q2 2011 | 2011-06-30 | $11.56B | $264.0M | +2.34% |
| Q1 2011 | 2011-03-31 | $11.83B | — | — |
| Q4 2010 | 2010-12-31 | $10.97B | −$576.0M | −4.99% |
| Q3 2010 | 2010-09-30 | $11.09B | — | — |
| Q2 2010 | 2010-06-30 | $11.30B | — | — |
| Q4 2009 | 2009-12-31 | $11.54B | — | — |
American Airlines Group net debt trends
Over the last five fiscal years, American Airlines Group's net debt decreased from $37.83B to $35.23B, a change of −$2.60B. The latest reported quarter, Q2 2026, shows $34.22B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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