American Airlines Group Inc.

What does American Airlines Group own?
American Airlines Group owns American Airlines, Inc. (the mainline carrier), Envoy Air Inc., PSA Airlines Inc., and Piedmont Airlines Inc. (regional carriers operating as American Eagle). The company also operates the AAdvantage loyalty program. Third-party regional carriers including Republic Airways and SkyWest Airlines operate as American Eagle under capacity purchase agreements. American is a founding member of the oneworld alliance.

Is American Airlines Group publicly traded?
Yes. American Airlines Group Inc. trades on NASDAQ under the ticker symbol AAL. The company has been publicly traded since emerging from Chapter 11 bankruptcy and completing the merger with US Airways on December 9, 2013.

Who founded American Airlines Group?
American Airlines Group was formed in December 2013 through the merger of AMR Corporation, the parent company of American Airlines, and US Airways Group. The merger was valued at approximately $11 billion. AMR creditors received 72% of the combined carrier. Doug Parker, CEO of US Airways, became CEO of the combined company.

Where is American Airlines Group headquartered?
American Airlines Group is headquartered at 1 Skyview Drive in Fort Worth, Texas, USA, at the Robert L. Crandall campus. The 300-acre campus can support up to 12,000 team members on site. American is the largest employer in North Texas.

How many brands does American Airlines Group own?
American Airlines Group owns 5 airline brands: American Airlines (mainline), Envoy Air, PSA Airlines, Piedmont Airlines, and the American Eagle regional brand. The company also operates the AAdvantage loyalty program. It operates within a single industry, air transportation, and does not have a diversified brand portfolio outside aviation.

Who owns American Airlines Group?
American Airlines Group is a publicly traded company with no single controlling shareholder. Institutional investors including Vanguard Group, BlackRock, and State Street Corporation are among the largest holders. All shares carry equal voting rights. The company does not have a dual-class share structure.

What is American Airlines Group's revenue?
American Airlines Group reported FY2025 revenue of $54.6 billion, a record, up 0.8% from $54.2 billion in FY2024. Net income was $111 million, or $0.17 per diluted share. Q4 2025 revenue was $14.0 billion, up 2.5% year over year. The government shutdown negatively impacted Q4 revenue by approximately $325 million. The company expects 2026 adjusted EPS of $1.70 to $2.70 and free cash flow of more than $2 billion.

What is American Airlines Group's fleet size?
As of December 31, 2025, American Airlines Group operated 1,013 mainline aircraft and 567 regional aircraft, for a total of 1,580 aircraft. The mainline fleet includes 484 Airbus A320-family aircraft, 392 Boeing 737-family aircraft, 67 Boeing 777s, and 70 Boeing 787s. Regional aircraft include Embraer E170, E175, and Bombardier CRJ variants operated under the American Eagle brand.

American Airlines Group's history spans nearly a century, tracing its roots to 1926 when Charles Lindbergh flew the first air mail route for Robertson Aircraft Corporation. Multiple small air mail carriers were consolidated in 1929 and 1930 into The Aviation Corporation (AVCO), which formed American Airways in January 1930. In 1934, following a government-mandated reorganization, American Airways became American Airlines. C.R. Smith was elected president on May 13, 1934, and led the airline for more than 30 years.

Smith partnered with Douglas Aircraft Corporation to design and build the DC-3, which made passenger transport reliably profitable for airlines for the first time. Under Smith, American expanded its domestic network and introduced service innovations including the Admirals Club in 1939, the first U.S. airline lounge. In 1981, American launched AAdvantage, the first airline loyalty program in the world.

In 1982, AMR Corporation was formed as the parent company of American Airlines, creating the holding company structure. American grew through acquisitions, most notably the acquisition of Trans World Airlines (TWA) in December 2001 for approximately $500 million in a deal approved by bankruptcy court. The TWA acquisition added aircraft, routes, and the St. Louis hub.

In November 2011, AMR Corporation filed for Chapter 11 bankruptcy, citing high labor costs, fuel prices, and debt load. The bankruptcy resulted in the termination of employee pension plans, which were transferred to the Pension Benefit Guaranty Corporation (PBGC). This affected approximately 130,000 employees and retirees and was controversial. The bankruptcy allowed the company to restructure labor contracts, reduce debt, and pursue a merger.

On February 13, 2013, AMR Corporation and US Airways Group announced a definitive merger agreement valued at approximately $11 billion. The all-stock deal gave AMR creditors 72% of the combined carrier and five seats on the 12-member board. Doug Parker, CEO of US Airways, became CEO of the combined company. Thomas Horton, AMR's chairman and CEO, served as chairman through the first annual shareholder meeting. US Airways management assumed operational control of the airline.

The merger was completed on December 9, 2013, forming American Airlines Group Inc. The combined airline began trading on NASDAQ under ticker AAL. At formation, the company had nearly 6,700 daily flights to more than 330 destinations in more than 50 countries and over 100,000 employees. US Airways exited Star Alliance on March 30, 2014, and entered oneworld on March 31, 2014. The process to achieve a Single Operating Certificate took approximately 18 to 24 months.

Doug Parker served as CEO from 2013 until his retirement in March 2022. Robert Isom, previously president of American, succeeded Parker as CEO. Under Isom, American has focused on debt reduction, fleet renewal, and premium product expansion. The company reduced total debt by $2.1 billion in 2025 and has improved mainline fuel efficiency by an estimated 6.7% since 2019.

In 2025, American announced over 20 new routes for 2026, including its first transatlantic route to be flown by the Airbus A321XLR from New York to Edinburgh, Scotland. The company also announced a $4 billion increased investment in Terminal F at Dallas Fort Worth International Airport, positioning DFW to become the largest single-carrier hub in the world. American established partnerships with FIFA, U.S. Soccer, and PGA of America, connecting customers to major events including the FIFA World Cup 26.

For FY2025, American reported record revenue of $54.6 billion, up 0.8% from $54.2 billion in FY2024. Q4 2025 revenue was $14.0 billion, up 2.5% year over year. The government shutdown negatively impacted Q4 revenue by approximately $325 million. Net income was $111 million, or $0.17 per diluted share. Excluding net special items, full-year net income was $237 million, or $0.36 per diluted share. The company expects 2026 adjusted EPS of $1.70 to $2.70 and free cash flow of more than $2 billion.

American Airlines Group has committed to achieving net zero greenhouse gas emissions by 2050. The company has set an intermediate, science-based target to reduce greenhouse gas emissions intensity by 45% by 2035, relative to a 2019 baseline. This target was validated by the Science Based Targets initiative (SBTi) and covers both direct emissions (Scope 1) and indirect emissions (Scope 3) from jet fuel production and consumption by contracted regional carriers.

Fleet renewal is the most material near-term emissions reduction pathway. Since 2019, fleet renewal and optimization efforts have led to an estimated 6.7% improvement in mainline fuel efficiency. In 2025, American took delivery of 40 latest-generation aircraft including 23 Boeing 737-8 MAX, 11 Boeing 787-9, five Airbus A321XLR, and one Airbus A321neo. Since 2013, American has improved fuel efficiency by 9.8% based on fuel burn per available seat mile, avoiding 22.9 million metric tons of CO2 equivalent.

American aims to replace 10% of jet fuel with sustainable aviation fuel (SAF) by 2030. The company has made a strategic investment in ZeroAvia to advance hydrogen-electric propulsion technology for regional jets. American participates in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and purchases carbon offsets in the voluntary market to meet compliance obligations.

The company's sustainability reporting is self-published and follows TCFD framework guidelines. American has not pursued B Corp certification. Aviation remains a carbon-intensive industry, and SAF production remains limited at scale.

American Airlines Group has received various industry awards:

• Air Transport World Airline of the Year: American has received this recognition in past years, one of the industry's highest honors.
• SKYTRAX ratings: American has received SKYTRAX 3-Star and 4-Star ratings in various categories.
• APEX awards: American has received APEX awards for passenger experience and product innovation.
• FIFA World Cup 26 Partnership: American established partnerships with FIFA, U.S. Soccer, and PGA of America in 2025, positioning the airline as a connector for major events including the FIFA World Cup 26.

$50 Million DOT Disability Penalty (October 2024): The U.S. Department of Transportation fined American Airlines a record $50 million for violations of laws protecting passengers with disabilities between 2019 and 2023. DOT found that American failed to provide safe, dignified, and prompt wheelchair assistance and mishandled thousands of wheelchairs. The penalty was 25 times larger than any previous DOT penalty for disability violations. Under the settlement, American pays $25 million over three years and was credited $25 million for investments. In December 2025, DOT amended the order, redirecting $16.7 million in remaining Treasury payments toward equipment and systems to improve wheelchair handling.

Chapter 11 Bankruptcy and Pension Termination (2011 to 2013): AMR Corporation filed for Chapter 11 bankruptcy in November 2011, citing high labor costs, fuel prices, and debt load. The bankruptcy resulted in the termination of employee pension plans, transferred to the PBGC. This affected approximately 130,000 employees and retirees. American emerged from bankruptcy in December 2013 through the merger with US Airways.

Government Shutdown Impact (Q4 2025): The U.S. government shutdown in Q4 2025 negatively impacted American's revenue by approximately $325 million. The shutdown affected government travel and air traffic control operations.

AAdvantage Program Scrutiny: The Department of Transportation has investigated airline loyalty programs, including AAdvantage, for transparency and consumer protection. Concerns include devaluation of miles and changes to award pricing.

Operational Disruptions: American has experienced technology outages and weather-related cancellations. In 2024, a ground stop due to a technology issue briefly halted all flights. The company has invested in technology infrastructure to reduce disruptions.