American Airlines Group annual working capital
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2025
American Airlines Group Working Capital Growth & History (AAL)
American Airlines Group's working capital was −$12.29B for fiscal 2025.
View full American Airlines Group company overviewAmerican Airlines Group annual working capital history
| Fiscal year | Period ended | Working capital | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$12.29B | −$1.15B | — |
| 2024 | 2024-12-31 | −$11.14B | −$2.65B | — |
| 2023 | 2023-12-31 | −$8.49B | −$2.26B | — |
| 2022 | 2022-12-31 | −$6.23B | −$4.56B | — |
| 2021 | 2021-12-31 | −$1.67B | $3.80B | — |
| 2020 | 2020-12-31 | −$5.47B | $4.63B | — |
| 2019 | 2019-12-31 | −$10.11B | −$646.0M | — |
| 2018 | 2018-12-31 | −$9.46B | −$3.25B | — |
| 2017 | 2017-12-31 | −$6.21B | −$2.66B | — |
| 2016 | 2016-12-31 | −$3.55B | $72.0M | — |
| 2015 | 2015-12-31 | −$3.62B | −$1.97B | — |
| 2014 | 2014-12-31 | −$1.65B | −$2.17B | — |
| 2013 | 2013-12-31 | $517.0M | $2.46B | — |
| 2012 | 2012-12-31 | −$1.94B | −$66.0M | — |
| 2011 | 2011-12-31 | −$1.87B | $69.0M | — |
| 2010 | 2010-12-31 | −$1.94B | −$856.0M | — |
| 2009 | 2009-12-31 | −$1.09B | — | — |
American Airlines Group quarterly working capital
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Working capital | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$12.48B | −$1.78B | — |
| Q1 2026 | 2026-03-31 | −$14.42B | −$1.91B | — |
| Q4 2025 | 2025-12-31 | −$12.29B | −$1.15B | — |
| Q3 2025 | 2025-09-30 | −$11.39B | −$312.0M | — |
| Q2 2025 | 2025-06-30 | −$10.70B | −$888.0M | — |
| Q1 2025 | 2025-03-31 | −$12.51B | −$2.06B | — |
| Q4 2024 | 2024-12-31 | −$11.14B | −$2.65B | — |
| Q3 2024 | 2024-09-30 | −$11.08B | −$3.40B | — |
| Q2 2024 | 2024-06-30 | −$9.81B | −$3.72B | — |
| Q1 2024 | 2024-03-31 | −$10.45B | −$3.51B | — |
| Q4 2023 | 2023-12-31 | −$8.49B | −$2.26B | — |
| Q3 2023 | 2023-09-30 | −$7.67B | −$3.08B | — |
| Q2 2023 | 2023-06-30 | −$6.10B | −$1.85B | — |
| Q1 2023 | 2023-03-31 | −$6.94B | −$2.83B | — |
| Q4 2022 | 2022-12-31 | −$6.23B | −$4.56B | — |
| Q3 2022 | 2022-09-30 | −$4.59B | −$4.85B | — |
| Q2 2022 | 2022-06-30 | −$4.25B | −$5.37B | — |
| Q1 2022 | 2022-03-31 | −$4.10B | −$4.86B | — |
| Q4 2021 | 2021-12-31 | −$1.67B | $3.80B | — |
| Q3 2021 | 2021-09-30 | $257.0M | $4.50B | — |
| Q2 2021 | 2021-06-30 | $1.13B | $5.34B | — |
| Q1 2021 | 2021-03-31 | $756.0M | $12.79B | — |
| Q4 2020 | 2020-12-31 | −$5.47B | $4.63B | — |
| Q3 2020 | 2020-09-30 | −$4.24B | $5.74B | — |
| Q2 2020 | 2020-06-30 | −$4.21B | $6.06B | — |
| Q1 2020 | 2020-03-31 | −$12.04B | −$843.0M | — |
| Q4 2019 | 2019-12-31 | −$10.11B | −$646.0M | — |
| Q3 2019 | 2019-09-30 | −$9.99B | −$3.14B | — |
| Q2 2019 | 2019-06-30 | −$10.27B | −$2.78B | — |
| Q1 2019 | 2019-03-31 | −$11.20B | −$3.86B | — |
| Q4 2018 | 2018-12-31 | −$9.46B | −$3.25B | — |
| Q3 2018 | 2018-09-30 | −$6.85B | −$1.54B | — |
| Q2 2018 | 2018-06-30 | −$7.49B | −$2.40B | — |
| Q1 2018 | 2018-03-31 | −$7.33B | −$2.67B | — |
| Q4 2017 | 2017-12-31 | −$6.21B | −$2.66B | — |
| Q3 2017 | 2017-09-30 | −$5.30B | −$1.82B | — |
| Q2 2017 | 2017-06-30 | −$5.10B | −$1.36B | — |
| Q1 2017 | 2017-03-31 | −$4.66B | −$185.0M | — |
| Q4 2016 | 2016-12-31 | −$3.55B | $72.0M | — |
| Q3 2016 | 2016-09-30 | −$3.48B | −$3.03B | — |
| Q2 2016 | 2016-06-30 | −$3.73B | −$2.80B | — |
| Q1 2016 | 2016-03-31 | −$4.47B | −$4.37B | — |
| Q4 2015 | 2015-12-31 | −$3.62B | −$1.97B | — |
| Q3 2015 | 2015-09-30 | −$455.0M | −$17.0M | — |
| Q2 2015 | 2015-06-30 | −$936.0M | −$814.0M | — |
| Q1 2015 | 2015-03-31 | −$104.0M | −$218.0M | — |
| Q4 2014 | 2014-12-31 | −$1.65B | −$2.17B | — |
| Q3 2014 | 2014-09-30 | −$438.0M | −$581.0M | — |
| Q2 2014 | 2014-06-30 | −$122.0M | $912.0M | — |
| Q1 2014 | 2014-03-31 | $114.0M | $2.58B | — |
| Q4 2013 | 2013-12-31 | $517.0M | $2.46B | — |
| Q3 2013 | 2013-09-30 | $143.0M | $2.43B | — |
| Q2 2013 | 2013-06-30 | −$1.03B | $1.05B | — |
| Q1 2013 | 2013-03-31 | −$2.46B | −$700.0M | — |
| Q4 2012 | 2012-12-31 | −$1.94B | −$66.0M | — |
| Q3 2012 | 2012-09-30 | −$2.28B | −$198.0M | — |
| Q2 2012 | 2012-06-30 | −$2.08B | −$313.0M | — |
| Q1 2012 | 2012-03-31 | −$1.76B | −$737.0M | — |
| Q4 2011 | 2011-12-31 | −$1.87B | $69.0M | — |
| Q3 2011 | 2011-09-30 | −$2.08B | $17.0M | — |
| Q2 2011 | 2011-06-30 | −$1.77B | $246.0M | — |
| Q1 2011 | 2011-03-31 | −$1.03B | — | — |
| Q4 2010 | 2010-12-31 | −$1.94B | −$856.0M | — |
| Q3 2010 | 2010-09-30 | −$2.10B | — | — |
| Q2 2010 | 2010-06-30 | −$2.02B | — | — |
| Q4 2009 | 2009-12-31 | −$1.09B | — | — |
American Airlines Group working capital trends
Over the last five fiscal years, American Airlines Group's working capital decreased from −$5.47B to −$12.29B, a change of −$6.81B. The latest reported quarter, Q2 2026, shows −$12.48B.
About the metric
What working capital means
Working capital is the difference between current assets and current liabilities. It provides a snapshot of short-term operating liquidity, although negative working capital can be normal for some business models and the measure is often not meaningful for banks.
Calculation and source
How working capital is calculated
TickerStat calculates working capital as reported current assets minus reported current liabilities at the same balance-sheet date. Missing current classifications are not assumed to be zero. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review American Airlines Group source filings ↗Community posts
American warns of further losses despite record revenue
American Airlines ($AAL) reported record third-quarter 2026 revenue of $16.3 billion, up 19.3%, but higher fuel costs pushed it into a loss. GAAP net loss was $269 million, or $0.41 per share, while the adjusted loss was $182 million, or $0 ...
