American Airlines Group Inc. balance sheet

At the end of fiscal 2025, American Airlines Group Inc. had total assets of $61.77bn and shareholders' equity of −$3.73bn. It held $1.06bn in cash against $29.01bn of debt: net debt of $27.95bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

American Airlines Group Inc.: balance sheet, annual
Fiscal year	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	1.1	—	0.5	0.4	0.4	0.3	0.3	0.4	0.4	0.6	0.7	0.9	1.1	1.2
Receivables	1.6	1.8	1.4	1.6	1.8	1.7	1.8	1.3	1.5	2.1	2.0	2.0	2.1	1.9
Total current assets	14.3	11.8	10.0	10.3	9.1	8.6	8.2	11.1	17.3	15.3	13.6	13.2	12.2	14.7
Goodwill	4.1	4.1	4.1	4.1	4.1	4.1	4.1	4.1	4.1	4.1	4.1	4.1	4.1	4.1
Total assets	42.3	43.2	48.4	51.3	52.8	60.6	60.0	62.0	66.5	64.7	63.1	61.8	61.8	65.0
Accounts payable	1.4	1.4	1.6	1.6	1.7	1.8	2.1	1.2	1.8	2.1	2.4	2.5	2.8	3.3
Total current liabilities	13.8	13.4	13.6	13.9	15.4	18.1	18.3	16.6	19.0	21.5	22.1	24.3	24.5	28.0
Short-term debt	—	—	—	—	2.5	3.2	2.7	2.7	2.3	3.1	3.5	5.2	3.6	3.6
Long-term debt	15.4	16.0	18.3	22.5	21.8	20.6	20.9	29.3	35.0	31.8	28.9	24.6	24.6	25.4
Total debt	16.9	18.0	20.8	24.6	25.3	24.5	24.3	32.8	38.1	35.7	32.9	30.5	29.0	29.6
Shareholders' equity	−2.7	2.0	5.6	−0.3	−0.8	−0.2	−0.1	−6.9	−7.3	−5.8	−5.2	−4.0	−3.7	−4.2
Net debt (negative = net cash)	15.8	—	20.3	24.1	24.9	24.2	24.0	32.4	37.7	35.1	32.2	29.6	28.0	28.4
Shares outstanding	—	697m	625m	507m	476m	461m	428m	—	648m	651m	654m	658m	660m	663m

US$ billions unless shown otherwise. Fiscal quarters.

American Airlines Group Inc.: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	2.0	1.9	2.1	2.0	2.1	2.0	1.9	1.9
Total current assets	13.2	13.6	15.1	13.3	12.2	14.0	14.3	14.7
Goodwill	4.1	4.1	4.1	4.1	4.1	4.1	4.1	4.1
Total assets	61.8	62.6	63.7	62.1	61.8	63.7	64.2	65.0
Accounts payable	2.5	3.1	3.1	2.8	2.8	3.6	3.6	3.3
Total current liabilities	24.3	26.1	25.8	24.6	24.5	28.4	26.8	28.0
Short-term debt	5.2	4.6	4.5	3.5	3.6	4.1	3.0	3.6
Long-term debt	24.6	24.2	24.7	24.5	24.6	22.9	25.3	25.4
Total debt	29.8	28.9	29.2	28.0	28.3	27.0	28.2	29.0
Shareholders' equity	−4.0	−4.5	−3.9	−4.0	−3.7	−4.1	−4.0	−4.2
Shares outstanding	658m	659m	660m	660m	660m	661m	662m	663m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from American Airlines Group Inc.'s SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to American Airlines Group Inc.