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American Airlines Group

AAL
18
Airlines, Airports & Air Services · Industrials
Also trades as: 0HE6.L
Exchange
NASDAQ
Winston Score
18
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Weak
Valuation
Data not available

Winston Score History

The full picture

American Airlines Group is one of the largest airlines in the world. It flies passengers and cargo to hundreds of destinations across the United States and internationally, including routes to Europe, Latin America, Asia, and the Caribbean. The company also owns the AAdvantage loyalty program, one of the biggest frequent flyer programs in the airline industry.

American Airlines makes money primarily by selling plane tickets to individual travelers and corporate customers, and it earns additional revenue from cargo shipping, credit card partnerships tied to AAdvantage, and fees for things like checked bags and seat upgrades. The airline operates mainly out of major hub airports including Dallas/Fort Worth, Miami, and Charlotte. Its thin operating margin of around 1.7% reflects how cost-sensitive the airline business is — fuel prices, labor costs, and economic downturns can quickly erase profits. The company carries a heavy debt load from pandemic-era borrowing, and managing that debt while competing on price remains its biggest ongoing challenge.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+16.3% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-87.9% YoY

YoY Growth Rate

Earnings declining

Insider Activity

1.6%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~6 years

$7.9B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

$7.9B cash & investments at current burn rate

Growth context

American Airlines Group is growing revenue at 16% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
20.7%
Thin — 20.7% gross margin
Profit after running costs
Operating Margin
2.7%
Thin — 2.7% operating margin
Return on the money invested
ROCE
1.4%
Weak — 1.4% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth
Sales YoY
+7.5%
Steady sales growth (+7.5% YoY)
Profit growth
EPS YoY
-157.0%
Earnings shrinking (-157.0% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
0.5%
Thin free cash flow (0.5%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
1.16x
Dangerous — barely covers interest (1.2x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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