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American Airlines Group (AAL)

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Earnings summaries and quarterly performance for American Airlines Group.

Research analysts who have asked questions during American Airlines Group earnings calls.

Conor Cunningham

Conor Cunningham

Melius Research

8 questions for AAL

Also covers: ABNB, ALGT, ALK +16 more
JB

Jamie Baker

JPMorgan Chase & Co.

8 questions for AAL

Also covers: AER, AL, ALK +6 more
ML

Michael Linenberg

Deutsche Bank

7 questions for AAL

Also covers: AERO, ALGT, ALK +13 more
SG

Scott Group

Wolfe Research

7 questions for AAL

Also covers: ALGT, ALK, ARCB +35 more
CO

Catherine O'Brien

Goldman Sachs

6 questions for AAL

Also covers: AER, AL, ALGT +7 more
Duane Pfennigwerth

Duane Pfennigwerth

Evercore ISI

6 questions for AAL

Also covers: AERO, ALGT, ALK +19 more
AM

Atul Maheswari

UBS Group

4 questions for AAL

Also covers: ALGT, ALK, JBLU +2 more
DV

David Vernon

Sanford C. Bernstein & Co., LLC

4 questions for AAL

Also covers: AUR, CNI, CP +8 more
AD

Andrew Didora

Bank of America

3 questions for AAL

Also covers: ALGT, ALK, DAL +9 more
SS

Savanthi Syth

Raymond James

3 questions for AAL

Also covers: ACHR, ALGT, ALK +15 more
TF

Thomas Fitzgerald

TD Cowen

3 questions for AAL

Also covers: ALGT, ALK, CPA +8 more
Christopher Stathoulopoulos

Christopher Stathoulopoulos

Susquehanna Financial Group

2 questions for AAL

Also covers: AER, ALGT, ALK +9 more
DM

Dan McKenzie

Seaport Global

2 questions for AAL

Also covers: ALGT, JBLU, LUV +1 more
JG

John Godyn

Citigroup

2 questions for AAL

Also covers: ALGT, BAH, GE +7 more
RS

Ravi Shanker

Morgan Stanley

2 questions for AAL

Also covers: ALGT, ALK, ARCB +27 more
SS

Savi Syth

Raymond James

2 questions for AAL

Also covers: CPA, JBLU, JOBY +6 more
SK

Sheila Kahyaoglu

Jefferies

2 questions for AAL

Also covers: , AIR, BA +36 more
Stephen Trent

Stephen Trent

Citigroup Inc.

2 questions for AAL

Also covers: AER, AL, ALK +14 more
AM

Atul Maheshwari

UBS Group AG

1 question for AAL

Also covers: ALGT, UAL
BO

Brandon Oglenski

Barclays

1 question for AAL

Also covers: ALGT, ALK, CHRW +21 more
Catie O’Brien

Catie O’Brien

Goldman Sachs

1 question for AAL

Also covers: DAL, UAL
DM

Daniel McKenzie

Seaport Global Securities

1 question for AAL

Also covers: ALGT, ALK, AZUL +5 more
SD

Shannon Doherty

Deutsche Bank

1 question for AAL

Also covers: AER, ALK, DAL +4 more

Recent press releases and 8-K filings for AAL.

Getlink SE Announces 2025 Annual Results with EBITDA Exceeding Guidance and Increased Dividend
AAL
Earnings
Guidance Update
Dividends
  • Getlink SE reported revenue of €1,595 million in 2025, a 1% decrease, with Eurotunnel and Europorte revenue up, while Eleclink revenue was down 20%.
  • The Group's EBITDA reached €859 million in 2025, marking a 4% increase compared to 2024, and exceeded the top end of its guidance.
  • Consolidated net profit for 2025 was €320 million, representing a 3% increase over 2024.
  • A dividend of €0.80 per share has been proposed for 2025, which is an increase from €0.58 per share in 2024.
  • Getlink SE anticipates its EBITDA target for 2026 to be higher than the restated 2025 EBITDA of €822 million.
2 days ago
Travala Launches Global Car Rentals, Reports Strong 2025 Revenue
AAL
Product Launch
Revenue Acceleration/Inflection
New Projects/Investments
  • Travala, a crypto-native travel booking service, launched its global car rentals vertical, expanding its offerings to include 50,000+ car rental locations across more than 150 countries through a strategic partnership with CarTrawler.
  • This expansion follows a landmark 2025, during which Travala's range of travel products propelled annual gross revenue to over US$113 million.
  • The company aims to be a "one-stop shop" for crypto travelers, having diversified its offerings from hotels to flights, activities, and now ground transport.
2 days ago
Vertical Aerospace Advances Japan Commercialization with Marubeni
AAL
New Projects/Investments
Product Launch
  • Vertical Aerospace is accelerating its commercial roadmap in Japan, partnering with Marubeni Corporation to develop an Advanced Air Mobility (AAM) route network for electric air taxi services.
  • Piloted demonstration flights for the Valo eVTOL aircraft in the Osaka Bay area are targeted for 2026.
  • Marubeni has made pre-delivery payments for the first 25 of its 200 conditional pre-ordered Valo aircraft, reflecting growing commercial commitment.
  • The Japan Civil Aviation Bureau (JCAB) accepted Vertical's type validation application in 2023, with type certification by the UK Civil Aviation Authority (CAA) targeted for 2028.
Feb 4, 2026, 12:00 AM
American Airlines Provides Q4 2025 Update and 2026 Outlook
AAL
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
  • American Airlines expects a full-year 2026 adjusted earnings per diluted share of approximately $1.70-$2.70, with a projected Q1 2026 adjusted loss per diluted share of $0.10-$0.50, which includes an estimated $150 million-$200 million revenue impact from Winter Storm Fern.
  • The company anticipates generating more than $2 billion in free cash flow for 2026 and expects to reduce total debt to below $35 billion by year-end 2026, a year ahead of its 2027 target.
  • For Q1 2026, capacity is projected to be up 3%-5% year-over-year, while revenue is expected to increase between 7% and 10% year-over-year. Full-year 2026 capacity is expected to be around mid-single digits.
  • Strategic initiatives include expanding premium seating, with lie-flat seats expected to increase by over 50% by 2030, and the new 10-year co-branded credit card partnership with Citi, which began January 1st.
Jan 27, 2026, 1:30 PM
American Airlines Provides Q4 2025 Results and 2026 Outlook
AAL
Earnings
Guidance Update
New Projects/Investments
  • American Airlines expects a Q1 2026 adjusted loss per diluted share between $0.10 and $0.50, and a full-year 2026 adjusted earnings per diluted share of $1.70-$2.70.
  • The company anticipates Q1 2026 revenue to be up 7%-10% year-over-year, including an estimated $150-$200 million impact from Winter Storm Fern, which also contributed to a projected 3%-5% year-over-year capacity increase for the quarter.
  • American Airlines reduced total debt by $2.1 billion in 2025, bringing total debt to $36.5 billion, and expects to reach its 2027 goal of total debt below $35 billion a year early in 2026, with over $2 billion in free cash flow generation for the full year.
  • Strategic initiatives include expanding premium offerings, such as the new Flagship Suite product and lounges, enhancing the DFW hub with a new 13-bank structure and Terminal F, and strengthening the AAdvantage loyalty program through a new 10-year co-branded credit card partnership with Citi.
Jan 27, 2026, 1:30 PM
American Airlines Reports Record 2025 Revenue, Provides 2026 Guidance
AAL
Earnings
Guidance Update
New Projects/Investments
  • American Airlines reported record fourth-quarter revenue of $14.0 billion and record full-year revenue of $54.6 billion for 2025. Adjusted diluted earnings per share were $0.16 for Q4 2025 and $0.36 for full-year 2025.
  • The company reduced total debt by $2.1 billion in 2025, bringing the total debt to $36.5 billion at year-end 2025. It anticipates further deleveraging, expecting total debt to be below $35 billion in 2026.
  • While free cash flow for 2025 was $(83) million , American Airlines expects to generate over $2 billion of free cash flow in 2026. For full-year 2026, adjusted earnings per diluted share are projected to be between $1.70 and $2.70.
  • The company estimates that Winter Storm Fern will negatively impact Q1 2026 revenue by between $150 million to $200 million, leading to an adjusted loss per diluted share of approximately ($0.10) to ($0.50) for the quarter.
  • Strategic initiatives include enhancing customer experience with new premium Flagship Suite® and free Wi-Fi, expanding the international-capable fleet, and strengthening loyalty through a new 10-year exclusive Citi agreement and partnerships with FIFA and PGA of America.
Jan 27, 2026, 1:30 PM
American Airlines Reports Q4 2025 Results, Provides 2026 Guidance Amidst Weather Disruptions
AAL
Earnings
Guidance Update
New Projects/Investments
  • American Airlines reported Q4 2025 adjusted earnings per share of $0.16 and full-year adjusted EPS of $0.36, which were below guidance primarily due to a $325 million revenue impact from a government shutdown.
  • For Q1 2026, the company forecasts an adjusted loss per diluted share of $0.10 to $0.50, with revenue expected to increase 7% to 10% year-over-year and capacity up 3% to 5%. These Q1 figures include an estimated $150-$200 million revenue impact from Winter Storm Fern.
  • Full-year 2026 adjusted earnings per diluted share are projected to be $1.70 to $2.70, with anticipated free cash flow generation of more than $2 billion and capital expenditures between $4 billion and $4.5 billion.
  • The company reduced total debt by $2.1 billion in 2025 to $36.5 billion and expects to achieve its 2027 debt target of below $35 billion a year early in 2026.
  • Strategic focus areas include expanding premium offerings, with lie-flat seats projected to increase over 50% by 2030, and transforming DFW into the world's largest single-carrier hub.
Jan 27, 2026, 1:30 PM
American Airlines Provides Upbeat 2026 Forecast and Reports Q4 Results
AAL
Guidance Update
Earnings
  • American Airlines forecasts 2026 adjusted earnings of $1.70–$2.70 per share, exceeding analyst expectations, driven by a recovery in corporate travel and strong demand for high-margin premium services.
  • The airline anticipates first-quarter revenue growth of 7–10% and expects to generate more than $2 billion in free cash flow for 2026.
  • For 2025, the company reported a fourth-quarter net income of $99 million (or $0.15 per diluted share) and a full-year net income of $111 million (or $0.17 per diluted share), having also trimmed $2.1 billion of debt.
  • Winter Storm Fern is projected to cost the airline $150–$200 million in the current quarter due to over 9,000 flight cancellations.
Jan 27, 2026, 12:49 PM
American Airlines Reports Q4 and Full-Year 2025 Financial Results
AAL
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • American Airlines Group Inc. reported record fourth-quarter 2025 revenue of $14.0 billion and record full-year 2025 revenue of $54.6 billion.
  • For full-year 2025, GAAP net income was $111 million or $0.17 per diluted share, and adjusted net income (excluding special items) was $237 million or $0.36 per diluted share.
  • The company reduced its total debt by $2.1 billion in 2025, ending the year with $36.5 billion in total debt.
  • American Airlines anticipates full-year 2026 adjusted EPS to be between $1.70 and $2.70 and expects free cash flow of more than $2 billion.
  • The company's fourth-quarter 2025 revenue was negatively impacted by approximately $325 million due to a government shutdown, and its Q1 2026 guidance includes an estimated $150-$200 million negative revenue impact from Winter Storm Fern.
Jan 27, 2026, 12:00 PM
American Airlines Reports Fourth-Quarter and Full-Year 2025 Financial Results
AAL
Earnings
Guidance Update
Debt Issuance
  • American Airlines Group reported record full-year 2025 revenue of $54.6 billion and GAAP net income of $111 million, or $0.17 per diluted share.
  • Excluding net special items, full-year 2025 net income was $237 million, or $0.36 per diluted share.
  • The company reduced its total debt by $2.1 billion in 2025, ending the year with $36.5 billion in total debt.
  • For full-year 2026, American Airlines expects adjusted EPS to be between $1.70 and $2.70 and free cash flow of more than $2 billion.
  • Fourth-quarter 2025 revenue was negatively impacted by approximately $325 million due to a government shutdown, while first-quarter 2026 guidance incorporates a $150-$200 million negative revenue impact from Winter Storm Fern.
Jan 27, 2026, 12:00 PM

Quarterly earnings call transcripts for American Airlines Group.