American Airlines Group Inc. revenue by segment AAL

American Airlines Group Inc. splits its revenue into 7 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Passenger Travel at $45.6 billion, 83% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line
FY 2026
Sep 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
FY 2017
Dec 31, 2017
FY 2016
Dec 31, 2016
Revenue
60,981
54,633
54,211
52,788
48,971
29,882
17,337
45,768
44,541
42,207
40,180
Passenger Travel
50,975
+12.2%
share 83.6%
45,607
-0.3%
share 83.5%
45,743
+1.8%
share 84.4%
44,914
+8.4%
share 85.1%
41,425
+73.4%
share 84.6%
23,896
+77.6%
share 80.0%
13,456
-65.3%
share 77.6%
38,831
+3.7%
share 84.8%
37,457
+3.6%
share 84.1%
36,152
share 85.7%
—
Loyalty Program Travel Redemptions
4,292
+8.0%
share 7.0%
4,036
+5.0%
share 7.4%
3,843
+6.8%
share 7.1%
3,598
+14.5%
share 6.8%
3,143
+45.0%
share 6.4%
2,167
+104.0%
share 7.3%
1,062
-66.6%
share 6.1%
3,179
-1.2%
share 6.9%
3,219
+8.1%
share 7.2%
2,979
share 7.1%
—
Loyalty Program Marketing Services
4,013
+16.0%
share 6.6%
3,511
+7.8%
share 6.4%
3,257
+11.2%
share 6.0%
2,929
+10.2%
share 5.5%
2,657
+22.7%
share 5.4%
2,166
+18.7%
share 7.2%
1,825
-22.7%
share 10.5%
2,361
-1.6%
share 5.2%
2,400
+13.0%
share 5.4%
2,124
share 5.0%
—
Loyalty Program Co Branded Credit Card And Other Partners
—
—
—
—
—
3,400
+17.2%
share 11.4%
2,900
-25.6%
share 16.7%
3,900
share 8.5%
—
—
—
Product And Service Other
—
—
—
—
—
—
—
—
2,852
share 6.4%
—
—
Cargo And Freight
988
+18.8%
share 1.6%
839
+4.4%
share 1.5%
804
-1.0%
share 1.5%
812
-34.1%
share 1.5%
1,233
-6.2%
share 2.5%
1,314
+70.9%
share 4.4%
769
-10.9%
share 4.4%
863
-14.8%
share 1.9%
1,013
+13.8%
share 2.3%
890
share 2.1%
—
Other Revenue
713
+15.9%
share 1.2%
640
+13.5%
share 1.2%
564
+5.4%
share 1.0%
535
+4.3%
share 1.0%
513
+51.3%
share 1.0%
339
+50.7%
share 1.1%
225
-57.9%
share 1.3%
534
+6.8%
share 1.2%
500
+4.8%
share 1.1%
477
share 1.1%
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry
Air Transportation, Scheduled (SIC 4512)
Listed as
AAL (Nasdaq)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
Fort Worth, TX
SEC filer status
Large accelerated filer
SEC CIK
6201
Former names
AMR CORP (until Dec 9, 2013)

Other Air Transportation, Scheduled companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.