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American Airlines free cash flow AAL

Cash from operations less capital spending, by quarter and over the last twelve months, from 2009.

Last 12 months, to Jun 30, 2026
$285M
Latest quarter, Q2 FY26
−$351M
−176% on a year earlier
Fiscal year 2025
−$680M
−152% on the year before

American Airlines' free cash flow was $285M over the twelve months to Jun 30, 2026, down 82% on a year earlier.

In its latest quarter, Q2 FY26, it was −$351M, down 176% on the same quarter a year before.

Free cash flow over time

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearFree cash flowChange
FY2025−$680M−152%
FY2024$1.3B+8%
FY2023$1.2Bn/a
FY2022−$373M−228%
FY2021$292Mn/a
FY2020−$8.5Bn/a
FY2019−$453Mn/a
FY2018−$212Mn/a
FY2017−$1.2B−255%
FY2016$793M+709%
FY2015$98Mn/a
FY2014−$2.2Bn/a
FY2013−$2.4Bn/a
FY2012−$603Mn/a
FY2011−$930Mn/a

Each fiscal year is the twelve months to its fourth quarter.

Quarter by quarter

QuarterEndedFree cash flowOn a year earlierLast 12 months
Q2 FY26−$351M−176%$285M
Q1 FY26$3.4B+109%$1.1B
Q4 FY25−$1.9Bn/a−$680M
Q3 FY25−$872Mn/a$882M
Q2 FY25$464M−3%$1.6B
Q1 FY25$1.6B+20%$1.6B
Q4 FY24−$342Mn/a$1.3B
Q3 FY24−$191Mn/a−$552M
Q2 FY24$477M−53%−$812M
Q1 FY24$1.4B−52%−$265M
Q4 FY23−$2.2Bn/a$1.2B
Q3 FY23−$451Mn/a$2.6B

Against its peers

Companies in Airlines, Airports & Air Services nearest American Airlines' size, closest first, today.

CompanyFree cash flow yield
AALAmerican Airlines3.6%
SKYWSkywest25.2%
LUVSouthwest Airlines−2.2%
UALUnited Airlines8.0%
ALGTAllegiant Travel CO6.3%
DALDelta Air Linesn/m
VTOLBristow−2.8%
Peer median6.3%

What the free cash flow tells you

Cash from operations minus capital spending. The cash the company could hand back or reinvest.

Seasonal and lumpy quarter to quarter. The TTM view is the one to trust.

More on American Airlines

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.