Is American Airlines Group Inc. overvalued?

In our latest published analysis dated 2026-10-15, AAL looks modestly undervalued. The price recorded at analysis is 11,8 USD versus our fair value of 13,0 USD; the high endpoint is presented separately as potential value of 18,3 USD. That implies roughly 9.9% upside to fair value at that date.

What is AAL's fair value?

Our latest published report, analyzed 2026-10-15, gives AAL a fair value of 13,0 USD and a potential value of 18,3 USD. The conclusion is triangulated across multiple valuation models and weighted by reliability for American Airlines Group Inc.'s archetype; it is a dated research output, not a live price.

Should I buy AAL now?

Our latest published rating for AAL, analyzed 2026-10-15, is Hold. American Airlines Group Inc. looks modestly undervalued at the analysis-date price of 11,8 USD versus fair value of 13,0 USD; potential value is 18,3 USD. This is research for educational purposes, not personalized investment advice.

What are the biggest risks for AAL?

The dedicated bear-case section in our report analyzed 2026-10-15 documents American Airlines Group Inc.'s material risks, evidence, thresholds, and thesis-invalidation conditions. Scenario-specific explanations remain in that section so the report does not repeat or decontextualize them elsewhere.

What is AAL's rating?

Our latest published rating for AAL, analyzed 2026-10-15, is Hold, with a published moat assessment of 3.5/10 (None). It reflects our fair value of 13,0 USD, the potential value of 18,3 USD, and the price recorded at analysis (11,8 USD).

What archetype is AAL?

In the latest published report analyzed 2026-10-15, American Airlines Group Inc. is classified as a cyclical stock. Archetype determines how every downstream parameter — discount rate, terminal growth, deceleration curve, terminal multiple, scenario probability weights, scorecard weights, and which valuation models are prioritized — is calibrated for AAL.

AAL stock analysis | StockMarketAgent.AI

StockMarketAgent researchAnalizado 2026-10-15

American Airlines Group Inc.

AAL

Mantener

Potencial de subida del 9,9 % hasta el valor razonable

Report-date price

11,79 US$

Recorded 2026-10-14

Valor razonable

12,96 US$

Valor potencial

18,29 US$

Extremo superior de valoración

Ventaja competitiva

None3.5 / 10

Respaldo en inglésES

Mostrando la fuente en inglés mientras traducimos

Este informe aún no se ha traducido. Actualice en unos minutos una vez que la cola de traducción se ponga al día.

§1 Resumen ejecutivoEN

Respuesta en 30 segundosHold

Precio frente a valor

Precio: $11.79
Valor razonable: $12.96
Valor potencial: $18.29
A fecha de: 2026-10-14

Por qué puede funcionar

American's primary opportunity lies in accelerating its premium cabin expansion (Boeing 787-9 and Airbus A321XLR deliveries) and expanding co-branded card revenues through the AAdvantage program, which could close the 450+ bps operating margin gap with Delta and unlock significant operating cash flow.

Qué cambiaría nuestra opinión

Surging jet fuel prices and non-fuel operating cost inflation coinciding with softening passenger yield growth.

American Airlines Group presents a balanced risk-reward profile, where cyclical passenger recovery and premium seating investments are offset by elevated debt leverage and persistent operating margin deficits against legacy peers. At $11.79, the shares offer 9.9% implied upside to our fair value of $12.96, supporting a Hold rating.

We rate the shares Hold. While American delivered record second-quarter 2026 revenue of $16.7B (up 16.3% YoY), profitability remains constrained by an 83.3% YoY surge in jet fuel expense to $4.88B and full-year fuel cost headwinds estimated at nearly $6B.⁴

§3 Foso competitivoEN

None

American Airlines Group operates an extensive global hub-and-spoke network with leading positions at Dallas-Fort Worth, Miami, and Charlotte. Despite operating scale and the value generated by its AAdvantage loyalty ecosystem ($3.51B in marketing services revenue in FY2025), American lacks structural competitive moats. The commercial airline industry is characterized by low customer switching costs, severe price transparency, high cyclicality, and volatile operating expenses, notably aircraft fuel and unionized labor agreements.

American's operating margin of 2.69% in FY2025 and 2.7% in Q2 2026 consistently lags legacy competitors Delta Air Lines (7.22% operating margin) and United Airlines (5.53% operating margin). This structural margin deficit, paired with an 82.07% debt weighting and elevated pre-tax cost of debt at 14.54%, keeps American's economic returns well below its 10.66% cost of capital, justifying a None moat rating.

Beneficio económico

American Airlines generated FY2025 operating income of $1.47B on $54.63B in revenue (2.69% margin), resulting in return on invested capital substantially below its 10.66% WACC, destroying economic value across cycle midpoints.^2,7

3.5/ 10

None

Sources of advantage

Hub-and-spoke airport slot dominance and network scaleAmerican operates hub dominance at Dallas-Fort Worth (DFW), Charlotte (CLT), and Miami (MIA), supporting premium trans-Atlantic and Latin American connectivity. However, peer competition at shared international gateways prevents excess economic returns.Moderate
High-margin loyalty program customer ecosystemThe AAdvantage loyalty program generated $3.51B in marketing services and $4.04B in travel redemptions in FY2025, with Q2 2026 co-brand credit card spend up 8%. This ecosystem enhances customer stickiness but does not offset baseline passenger transport cost structures.Moderate

Amenazas conocidas al foso
Amenaza	Severidad	Cronograma	Mitigación
Persistent operating margin discount against Delta (7.22% margin) and United (5.53% margin) reflecting lower corporate contract share and higher operational gearing.	high	12 to 24 months	Expanding premium seating configurations on Boeing 787-9 and Airbus A321XLR deliveries, and upgrading premium lounge infrastructure.

§5 Sensibilidad

Tasa de descuento

Crecimiento terminal

	1.3%	1.6%	1.8%	2.1%	2.3%
9.7%	$13.75	$13.93	$14.13	$14.34	$14.56
10.2%	$13.18	$13.34	$13.51	$13.70	$13.89
10.7%	$12.66	$12.80	$12.96	$13.12	$13.28
11.2%	$12.19	$12.31	$12.45	$12.59	$12.74
11.7%	$11.75	$11.86	$11.98	$12.11	$12.24

Filas: tasa de descuento (Ke para beneficios; WACC para flujo de caja). Columnas: crecimiento terminal.

Valor razonable

Cambio de duración (años)

	-5	-2	0	+2	+5
Valor razonable	12,87 US$	12,87 US$	12,96 US$	13,03 US$	13,14 US$

Duración de la ventaja competitiva: 3 años en la base resaltada. Las demás hipótesis permanecen constantes.

Sensitivity reference

The highlighted cell is Fair value when every assumption sits at its base level ($12.96). Each row and column shows what Fair value becomes when one assumption moves.

Acantilado de FCF

Free cash flow to the firm stays positive in the first projected year at $385.4M after modeled reinvestment of $715.7M, with terminal value at 76.2% of enterprise value. A sudden drop in free cash flow is not projected unless capital spending relative to revenue, reinvestment, or gross margin resets materially.

§7 Árbol de decisión de resultadosEN

Superado

Maintain Hold; Re-examine Q3 CASM-ex performance and fuel surcharge pass-through efficiency; maintain Hold stance without deploying new capital until debt reduction accelerates.

Disparador: Q3 2026 adjusted EPS above -$0.10 (guidance top-end) and revenue growth exceeding 19.0%.⁵

A beat driven by resilient premium demand and CASM-ex discipline demonstrates operational execution but does not eliminate balance sheet leverage of $35.73B debt.

En línea

Maintain Hold; Maintain position; monitor Q4 booking yields and FY2027 CapEx commitments relative to cash flow generation.

Disparador: Q3 2026 adjusted EPS within -$0.70 to -$0.10 and revenue growth within 16.0% to 19.0%.⁵

In-line delivery validates current base-case projections ($1.41 EPS in FY2027) but confirms narrow margin buffers against fuel and labor volatility.

Fallo

Downgrade the rating; Re-evaluate liquidity coverage and debt servicing capacity under scheduled FY2026 capital expenditure obligations.

Disparador: Q3 2026 adjusted EPS worse than -$0.70 or full-year EPS tracking below -$0.65.⁵

An earnings miss signals inability to pass through fuel costs ($3.75/gal outlook) and exposes severe financial gearing, threatening negative equity and cash burn.

Calidad de los beneficios

Earnings quality is mixed and clouded by cyclical distortion. In Q2 2026, GAAP diluted EPS was $0.11 while adjusted EPS was $0.15, excluding $37M in pre-tax special items. In FY2025, reported net income was $111M on $54.63B revenue, but operating cash flow of $3.10B was fully consumed by $3.78B CapEx, generating -$680M free cash flow. Earnings are heavily influenced by timing of jet fuel volatility and fleet lease structures.

Evolución de las estimaciones

Analyst consensus EPS estimates have seen sharp downward revisions over the past 30 days. FY2026 consensus diluted EPS moved from $0.10 on August 31 down to -$0.89 as of October 15, 2026. Similarly, FY2027 EPS estimates were revised down from $2.44 to $1.41, reflecting persistent jet fuel cost inflation and moderated passenger yield expectations.

Métricas a vigilar antes de la publicación

Métrica:
Jet Fuel Price per Gallon
ActualQ2 2026 average price $4.05/gal, with Q3 guidance at ~$3.75/gal
Por qué importa
Fuel is American's most volatile operating expense ($4.88B in Q2 2026, up 83.3% YoY), creating nearly $6B in annual headwind.⁵
Métrica:
Corporate & Premium Demand Growth
ActualQ2 2026 managed corporate revenue up 26% YoY

§8 Historial financiero

Cuenta de resultados — últimos seis períodos
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$29.88B	$48.97B	$52.79B	$54.21B	$54.63B	+16.3%
Gross profit	$27.0M	$9.04B	$11.81B	$11.47B	$10.47B	+343.8%
Operating income	$-1.06B	$1.61B	$3.03B	$2.61B	$1.47B	—
Net income	$-1.99B	$127.0M	$822.0M	$846.0M	$111.0M	—
EPS (diluted)	$-3.09	$0.19	$1.21	$1.24	$0.17	—
EBITDA	$1.59B	$4.13B	$5.20B	$5.01B	$3.88B	+25.1%
R&D	—	—	—	—	—	—
SG&A	$1.10B	$1.82B	$1.80B	$1.81B	$2.00B	+16.1%

Previsión anual aceptada
Métrica	2026	2027	2028	2029	2030
Revenue	$63.35B	$66.68B

Flujo de caja

In FY2025, American generated $3.10B in operating cash flow, but capital expenditures of $3.78B resulted in negative free cash flow of -$680M. In the first six months of 2026, operating cash flow reached $4.69B, benefiting from seasonal air traffic liability expansion, while CapEx was $1.63B. However, full-year CapEx obligations of $4.0B in 2026 and $4.5B in 2027 will severely restrict net free cash flow generation.

Asignación de capital

American's capital allocation is strictly constrained by heavy fleet reinvestment commitments and debt obligations. Management guided FY2026 CapEx to approximately $4.0B and FY2027 CapEx to $4.5B to accommodate stacked aircraft deliveries. With $3.09B in debt maturities due within one year as of June 30, 2026, capital return to shareholders remains suspended in favor of liquidity preservation and fleet renewal.

ROIC

American's invested capital is burdened by $35.73B in debt obligations and accumulated retained deficits ($7.04B at June 30, 2026). Operating earnings remain insufficient to generate returns on capital above its cost of debt, resulting in persistent economic value destruction.

Return on invested capital is significantly below the company's computed WACC of 10.66%, driven by low operating margins (2.69% in FY2025) and high pre-tax debt financing costs of 14.54%.

Structural Operating Margin Deficit to Legacy Competitors

American's FY2025 operating margin was 2.69%, compared to 7.22% for Delta and 5.53% for United.

American requires greater revenue expansion and unit cost discipline to achieve parity with peer operating profitability.

Ingresos más recientes54,6 mil M US$CAGR de ingresos +3,5 %

Margen operativo2,7 %10 periodos fiscales

Flujo de caja libre más reciente-680 M US$FY2025

Deuda neta18,7 mil M US$FY2025

Desglose de la cuenta de resultadosCómo la escala del negocio se convierte en beneficio declarado.30 jun 2026

StockMarketAgent.AI

Datos del historial financiero
Ingresos	16.735.000.000 US$
Coste de ventas	13.266.000.000 US$
Beneficio bruto	3.469.000.000 US$
Gastos operativos	3.023.000.000 US$
Beneficio operativo	446.000.000 US$
Partidas no operativas e impuestos	-375.000.000 US$
Beneficio neto	71.000.000 US$

Resumen del balanceCómo se mantienen y financian los activos declarados en el período seleccionado.

StockMarketAgent.AI

Datos del desglose del balance
Activos totales	61.774.000.000 US$
Efectivo	1.056.000.000 US$
Activos corrientes	12.205.000.000 US$
Pasivos totales	65.501.000.000 US$
Pasivos corrientes	24.492.000.000 US$
Déficit patrimonial	3.727.000.000 US$

Puente de flujo de cajaCómo el flujo de caja operativo se convirtió en flujo de caja libre en FY2025.

StockMarketAgent.AI

Conciliación del flujo operativo

Beneficio neto111 M US$Depreciación y amortización+2200 M US$Compensación basada en acciones+57 M US$Otros ajustes operativos+731 M US$Flujo de caja operativo3099 M US$

Conciliación del efectivo inicial al final

Efectivo inicial902 M US$Flujo de caja operativo+3099 M US$Flujo de inversión−1894 M US$Flujo de financiación−1051 M US$Efectivo final1056 M US$

3099 M US$ − 3779 M US$Flujo de caja libre -680 M US$

Datos del puente de flujo de caja
Beneficio neto	111.000.000 US$
Entrada operativa	3.099.000.000 US$
Depreciación y amortización	2.200.000.000 US$
Compensación basada en acciones	57.000.000 US$
Otros ajustes operativos	731.000.000 US$
Flujo de caja operativo	3.099.000.000 US$
Efectivo disponible	4.001.000.000 US$
Efectivo inicial	902.000.000 US$
Salida de inversión	1.894.000.000 US$
Salida de financiación	1.051.000.000 US$
Amortización neta de deuda	891.000.000 US$
Otras actividades de financiación	160.000.000 US$
Efectivo final	1.056.000.000 US$
Flujo de inversión	-1.894.000.000 US$
Flujo de financiación	-1.051.000.000 US$

Ingresos por categoría de negocioProporción de los ingresos totales de 2026-06-30.

Ingresos por categoría de negocioProporción

Cost of13,3 mil M79,3 %

Otros3469 M20,7 %

Datos de composición de ingresos: Ingresos por categoría de negocio
Ingresos por categoría de negocio	Ingresos	Proporción	interanual
Cost of	13,3 mil M	79,3 %	—
Other	3469 M	20,7 %	—

Ingresos y beneficiosCómo la escala del negocio se convierte en beneficio declarado.

Efectivo y deudaLiquidez disponible frente al endeudamiento total.

Generación de efectivoFlujo de caja operativo frente al flujo de caja libre.

RentabilidadEvolución de los márgenes bruto, operativo y neto.

Datos financieros puntuales utilizados en el análisis del 2026-10-15.

Datos del historial financiero
Período	Ingresos	EBITDA	Beneficio neto	Flujo de caja operativo	Flujo de caja libre	Capex	Depreciación y amortización	Compensación basada en acciones	Recompras de acciones	Dividendos pagados	Emisión neta de deuda	Flujo de inversión	Flujo de financiación	Efectivo inicial	Efectivo final	Efectivo e inversiones	Deuda total	Margen operativo	ROIC	WACC	Diferencial ROIC−WACC
2016-12-31	40,1 mil M US$	6969 M US$	2584 M US$	6524 M US$	793 M US$	5731 M US$	1900 M US$	100 M US$	4500 M US$	224 M US$	—	-5702 M US$	-894 M US$	—	435 M US$	6472 M US$	24,3 mil M US$	12,6 %	—	4,4 %	—
2017-12-31	42,6 mil M US$	6465 M US$	1282 M US$	4744 M US$	-1227 M US$	5971 M US$	2200 M US$	90 M US$	1615 M US$	198 M US$	—	-3636 M US$	-1145 M US$	435 M US$	398 M US$	5169 M US$	21,8 mil M US$	9,9 %	—	4,5 %	—
2018-12-31	44,5 mil M US$	5097 M US$	1412 M US$	3533 M US$	-212 M US$	3745 M US$	2400 M US$	86 M US$	837 M US$	186 M US$	—	-1973 M US$	-1672 M US$	398 M US$	286 M US$	4771 M US$	20,6 mil M US$	6,0 %	—	5,0 %	—
2019-12-31	45,8 mil M US$	5669 M US$	1686 M US$	3815 M US$	-453 M US$	4268 M US$	2600 M US$	94 M US$	1097 M US$	178 M US$	—	-2243 M US$	-1568 M US$	286 M US$	290 M US$	3836 M US$	20,9 mil M US$	6,7 %	—	4,5 %	—
2020-12-31	17,3 mil M US$	-7861 M US$	-8885 M US$	-6543 M US$	-8501 M US$	1958 M US$	2400 M US$	91 M US$	173 M US$	43 M US$	—	-4342 M US$	11 mil M US$	290 M US$	399 M US$	7018 M US$	29,3 mil M US$	-60,1 %	—	—	—
2021-12-31	29,9 mil M US$	1587 M US$	-1993 M US$	704 M US$	496 M US$	208 M US$	2300 M US$	98 M US$	18 M US$	12,2 mil M US$	—	-5983 M US$	5288 M US$	399 M US$	408 M US$	12,6 mil M US$	35 mil M US$	-3,5 %	—	—	—
2022-12-31	49 mil M US$	4125 M US$	127 M US$	2173 M US$	-373 M US$	2546 M US$	2300 M US$	78 M US$	21 M US$	3549 M US$	-2683 M US$	636 M US$	-2631 M US$	408 M US$	586 M US$	9111 M US$	31,8 mil M US$	3,3 %	—	9,3 %	—
2023-12-31	52,8 mil M US$	5202 M US$	822 M US$	3803 M US$	1207 M US$	2596 M US$	2300 M US$	102 M US$	—	—	-2896 M US$	-502 M US$	-3206 M US$	586 M US$	681 M US$	7681 M US$	28,9 mil M US$	5,7 %	—	8,1 %	—
2024-12-31	54,2 mil M US$	5014 M US$	846 M US$	3983 M US$	1300 M US$	2683 M US$	2200 M US$	92 M US$	—	—	-2723 M US$	-968 M US$	-2794 M US$	681 M US$	902 M US$	7082 M US$	24,6 mil M US$	4,8 %	—	8,9 %	—
2025-12-31	54,6 mil M US$	3881 M US$	111 M US$	3099 M US$	-680 M US$	3779 M US$	2200 M US$	57 M US$	—	—	-891 M US$	-1894 M US$	-1051 M US$	902 M US$	1056 M US$	5938 M US$	24,6 mil M US$	2,7 %	—	8,5 %	—

§9 Comparación de valoración con pares

American Airlines Group Inc.AAL

Precio / valor razonable

Valor razonable12,96 US$Report-date price11,79 US$

Fecha de evaluación15 oct 2026

Ventaja competitivaNone

Cuadro de mando de inversión48 / 100

Southwest Airlines Co.LUV

Precio / valor razonable

Valor razonable39,52 US$Report-date price41,66 US$

Fecha de evaluación10 oct 2026

Ventaja competitivaNone

Cuadro de mando de inversión52 / 100

United Airlines Holdings, Inc.UAL

Precio / valor razonable

Valor razonable111,9 US$Report-date price112,51 US$

Fecha de evaluación04 oct 2026

Ventaja competitivaNarrow

Cuadro de mando de inversión52 / 100

American Airlines Group Inc.AAL

Precio / valor razonable

Valor razonable12,96 US$Report-date price11,79 US$

Fecha de evaluación15 oct 2026

Ventaja competitivaNone

Cuadro de mando de inversión48 / 100

Múltiplos de pares y rentabilidad
Símbolo	Nombre	Cap. mercado	P/E	P/S	EV/EBITDA	ROE

American Airlines Group Inc. (AAL) trades at 5.3x forward earnings against a peer median of 9.7x. Its EV/EBITDA of 10.4x compares with a peer median of 9.2x. The comparison uses 4 peers: Southwest Airlines Co., United Airlines Holdings Inc., Delta Air Lines Inc. and Old Dominion Freight Line Inc., as of 2026-10-15.

§10 Industria y cicloEN

Fase del ciclo

Expansion

Airline industry capex-to-revenue stands at 3.6% (0.036), while capex-to-depreciation is 1.76, reflecting an active fleet reinvestment phase across major carriers. American Airlines' capital spending is even more intensive, with FY2025 CapEx of $3.78B representing 6.9% of its $54.63B revenue and guided CapEx of $4.0B in FY2026 and $4.5B in FY2027.

Ciclo alcista

In an expansionary upcycle, passenger yields expand faster than non-fuel unit costs, premium cabin demand accelerates, and load factors rise above 85%. Airlines with modern fleets generate significant operating leverage, driving rapid debt reduction and credit rating upgrades.

Ciclo bajista

In a cyclical downturn or stagflationary environment, high jet fuel prices (such as Q2 2026's $4.05/gal) coincide with contracting corporate travel budgets. Fixed aircraft leases, debt servicing ($807M net interest in 1H 2026), and union labor agreements rapidly erode operating profitability into persistent net losses.

Tendencias seculares
Tendencia	Impacto	Nota
Premium Travel and Cabin Segmentation Shift	positive	Airlines are increasing premium seat configurations (such as lie-flat and premium economy) where unit revenues outperform main cabin seating (up 13.4% YoY in Q2 2026 at American).
Loyalty Ecosystem Financialization	positive	Airline co-branded credit card programs continue to expand, providing recurring, high-margin revenue and cash flow independent of seat load factors.

Posicionamiento

American Airlines is disadvantaged relative to legacy peers Delta and United due to higher balance sheet leverage and lower baseline margins (American's 2.69% operating margin in FY2025 vs Delta's 7.22% and United's 5.53%). While American benefits from strong hub connectivity at DFW and CLT, its higher financial gearing increases downside risk during cyclical contractions.

§11 Gestión de posiciónEN

Tamaño de posición

Given the house Hold rating, substantial debt load ($35.73B total debt), and -$680M FY2025 free cash flow, no portfolio allocation is recommended for fresh capital. Existing positions should be kept at minimal weights.^2,6

Riesgo

Risk management centers on operational gearing and fuel exposure, where unhedged fuel swings directly impact operating margins and cash generation. Portfolios holding AAL should monitor credit default spreads, refining crack spreads, and quarterly CASM-ex execution against guidance ranges.

Tramos de entrada
Nivel	Acción	Por qué
$11.79	Observe; do not buy	Price reflects fair value balance; risk-reward is symmetric with only 9.9% implied upside to our $12.96 midpoint.
Pullback below $11.79	Re-evaluate fundamentals; no automatic entry	A pullback to lower bound levels would improve risk-reward, but new positions require verification that operating margins remain above 1.5% and liquidity remains stable.

Tramos de salida
Nivel	Acción
$13.00 (Fair value midpoint of $12.96)	Trim existing positions
$18.00 (Fair value upper bound of $18.29)	Full exit of cyclical trading positions

Puntos de control trimestrales
Métrica	Umbral	Acción
Operating Margin	Below 1.5% in any quarter	Downgrade rating to Sell and exit remaining equity exposure.
Full-Year Diluted EPS	Below -$1.50 per share

§14 Recomendación finalEN

Acción

Mantener

We maintain a Hold rating on American Airlines Group Inc. At the current share price of $11.79, the implied return is 9.9%. While commercial revenue execution remains solid with record Q2 revenue of $16.7B, the carrier faces heavy jet fuel headwinds (nearly $6B in 2026), an 82.07% debt weighting, and substantial fixed CapEx commitments ($8.5B across 2026-2027) that constrain near-term shareholder value creation.^2,4,5

The risk-reward profile is balanced. Upside is supported by corporate demand growth (managed corporate up 26% YoY), premium cabin retrofits, and loyalty program economics ($7.5B+ revenue in FY2025). However, downside exposure to fuel spikes and high interest carrying costs warrants a neutral stance until structural margin parity with peers is established.

AAL	American Airlines Group Inc.	$7.8B	5.3x	0.1x	10.4x	—	—
LUV	Southwest Airlines Co.	$19.2B	9.0x	0.6x	9.6x	11.1%	3.4%
UAL	United Airlines Holdings Inc.	$32.1B	7.7x	0.5x	6.9x	23.3%	5.5%
DAL	Delta Air Lines Inc.	$50.4B	10.5x	0.7x	8.8x	15.9%	7.2%
ODFL	Old Dominion Freight Line Inc.	$38.2B	27.5x	6.8x	21.2x	24.8%	28.8%

Is American Airlines Group Inc. overvalued?

What is AAL's fair value?

Should I buy AAL now?

What are the biggest risks for AAL?

What is AAL's rating?

What archetype is AAL?

American Airlines Group Inc.

Names readers of AAL also follow

Descripción general de la empresa

Operating Margin

None

Sources of advantage

Lenses that set Fair value

Discounted Earnings

Jet Fuel Price per Gallon

Corporate & Premium Demand Growth

Sources

Diluted EPS

Cost of Capital

Free Cash Flow

Total Available Liquidity

Multi-stage Moat Fade

Forward Earnings

Checks and reference points

Reverse DCF

PEG-adjusted Peer

EV / Revenue

Fleet Reinvestment CapEx

Non-Fuel Unit Cost (CASM-ex)

Total Debt and Available Liquidity