American Airlines Group (AAL) Revenue & Revenue Breakdown

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American Airlines Group Revenue Highlights

Latest Revenue (Y)

$54.21B

Latest Revenue (Q)

$13.69B

Main Segment (Y)

Passenger

Main Geography (Y)

Domestic Destination

American Airlines Group Revenue by Period

American Airlines Group Revenue by Year

Date	Revenue	Change
2024-12-31	$54.21B	2.70%
2023-12-31	$52.79B	7.79%
2022-12-31	$48.97B	63.88%
2021-12-31	$29.88B	72.36%
2020-12-31	$17.34B	-62.12%
2019-12-31	$45.77B	2.75%
2018-12-31	$44.54B	5.53%
2017-12-31	$42.21B	5.04%
2016-12-31	$40.18B	-1.98%
2015-12-31	$40.99B	-3.89%
2014-12-31	$42.65B	59.48%
2013-12-31	$26.74B	7.60%
2012-12-31	$24.86B	3.65%
2011-12-31	$23.98B	8.16%
2010-12-31	$22.17B	11.31%
2009-12-31	$19.92B	-16.20%
2008-12-31	$23.77B	3.62%
2007-12-31	$22.93B	1.65%
2006-12-31	$22.56B	8.94%
2005-12-31	$20.71B	11.09%
2004-12-31	$18.64B	6.91%
2003-12-31	$17.44B	0.82%
2002-12-31	$17.30B	-8.77%
2001-12-31	$18.96B	-3.76%
2000-12-31	$19.70B	11.13%
1999-12-31	$17.73B	-7.68%
1998-12-31	$19.20B	3.42%
1997-12-31	$18.57B	4.60%
1996-12-31	$17.75B	4.99%
1995-12-31	$16.91B	4.79%
1994-12-31	$16.14B	2.03%
1993-12-31	$15.82B	-

American Airlines Group generated $54.21B in revenue during NA 2024, up 2.70% compared to the previous quarter, and up 118.45% compared to the same period a year ago.

American Airlines Group Revenue by Quarter

Date	Revenue	Change
2025-09-30	$13.69B	-4.87%
2025-06-30	$14.39B	14.67%
2025-03-31	$12.55B	-8.12%
2024-12-31	$13.66B	0.10%
2024-09-30	$13.65B	-4.79%
2024-06-30	$14.33B	14.03%
2024-03-31	$12.57B	-3.77%
2023-12-31	$13.06B	-3.12%
2023-09-30	$13.48B	-4.08%
2023-06-30	$14.05B	15.31%
2023-03-31	$12.19B	-7.58%
2022-12-31	$13.19B	-2.03%
2022-09-30	$13.46B	0.30%
2022-06-30	$13.42B	50.83%
2022-03-31	$8.90B	-5.60%
2021-12-31	$9.43B	5.11%
2021-09-30	$8.97B	19.94%
2021-06-30	$7.48B	86.58%
2021-03-31	$4.01B	-0.50%
2020-12-31	$4.03B	26.95%
2020-09-30	$3.17B	95.62%
2020-06-30	$1.62B	-80.95%
2020-03-31	$8.52B	-24.73%
2019-12-31	$11.31B	-5.02%
2019-09-30	$11.91B	-0.41%
2019-06-30	$11.96B	13.00%
2019-03-31	$10.58B	-3.24%
2018-12-31	$10.94B	-5.37%
2018-09-30	$11.56B	-0.72%
2018-06-30	$11.64B	11.94%
2018-03-31	$10.40B	-1.89%
2017-12-31	$10.60B	-2.55%
2017-09-30	$10.88B	-2.04%
2017-06-30	$11.11B	15.39%
2017-03-31	$9.62B	-1.69%
2016-12-31	$9.79B	-7.60%
2016-09-30	$10.59B	2.23%
2016-06-30	$10.36B	9.84%
2016-03-31	$9.44B	-2.02%
2015-12-31	$9.63B	-10.05%
2015-09-30	$10.71B	-1.12%
2015-06-30	$10.83B	10.18%
2015-03-31	$9.83B	-3.28%
2014-12-31	$10.16B	-8.79%
2014-09-30	$11.14B	-1.90%
2014-06-30	$11.36B	13.61%
2014-03-31	$9.99B	35.65%
2013-12-31	$7.37B	7.91%
2013-09-30	$6.83B	5.88%
2013-06-30	$6.45B	5.76%
2013-03-31	$6.10B	2.71%
2012-12-31	$5.94B	-7.65%
2012-09-30	$6.43B	-0.36%
2012-06-30	$6.45B	6.87%
2012-03-31	$6.04B	1.36%
2011-12-31	$5.96B	-6.59%
2011-09-30	$6.38B	4.29%
2011-06-30	$6.11B	10.50%
2011-03-31	$5.53B	-0.95%
2010-12-31	$5.59B	-4.38%
2010-09-30	$5.84B	2.96%
2010-06-30	$5.67B	11.96%
2010-03-31	$5.07B	0.12%
2009-12-31	$5.06B	-1.27%
2009-09-30	$5.13B	4.87%
2009-06-30	$4.89B	1.03%
2009-03-31	$4.84B	-11.52%
2008-12-31	$5.47B	-14.83%
2008-09-30	$6.42B	3.92%
2008-06-30	$6.18B	8.46%
2008-03-31	$5.70B	-

American Airlines Group generated $13.69B in revenue during Q3 2025, up -4.87% compared to the previous quarter, and up 95.51% compared to the same period a year ago.

American Airlines Group Revenue Breakdown

American Airlines Group Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Cargo and Freight	$804.00M	$812.00M	$1.23B	$1.31B	$769.00M
Loyalty Program, Marketing Services	$3.26B	$2.93B	$2.66B	$2.17B	$1.82B
Passenger	$49.59B	$48.51B	-	-	-
Loyalty Program, Travel Redemptions	-	$3.60B	$3.14B	$2.17B	$1.06B
Passenger Travel	-	$44.91B	$41.42B	$23.90B	$13.46B
Product and Service, Other	-	$3.46B	-	-	-
Other Revenue	-	$535.00M	-	-	-
Loyalty Program	-	-	$3.21B	$2.22B	$1.23B
Air Traffic	-	-	$4.80B	$1.70B	$2.80B
Loyalty Program, Co-branded Credit Card And Other Partners	-	-	-	$3.40B	-

American Airlines Group's latest annual revenue breakdown by segment (product or service), as of Dec 24: Passenger (92.43%), Loyalty Program, Marketing Services (6.07%), and Cargo and Freight (1.50%).

Quarterly Revenue by Product

Product/Service	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20
Cargo and Freight	$212.00M	$211.00M	$189.00M	$220.00M	$202.00M	$195.00M	$187.00M	$199.00M	$193.00M	$197.00M	$223.00M	$263.00M	$279.00M	$328.00M	$364.00M	$341.00M	$332.00M	$326.00M	$315.00M	$285.00M
Product and Service, Other	$1.01B	$1.06B	$971.00M	$2.60B	$868.00M	$705.00M	$607.00M	$514.00M	-	-	-	-	-	-	-	-	-	-	-	-
Passenger	$12.47B	$13.12B	$11.39B	$12.40B	$12.52B	$13.20B	$11.46B	$36.09B	$12.42B	-	-	-	-	-	-	-	-	-	-	-
Passenger Travel	$11.40B	$12.13B	$21.87B	$11.09B	$11.47B	$12.06B	$10.29B	$11.28B	$11.54B	$11.40B	$7.21B	$7.72B	$7.29B	$6.00B	$2.89B	$2.96B	-	-	-	-
Loyalty Program, Marketing Services	-	-	$823.00M	$893.00M	$779.00M	$799.00M	$786.00M	$734.00M	$732.00M	$741.00M	$722.00M	$666.00M	$655.00M	$740.00M	$596.00M	$595.00M	$585.00M	$529.00M	$457.00M	$508.00M
Other Revenue	-	-	-	-	-	-	-	$399.00M	$136.00M	$110.00M	$78.00M	$57.00M	-	-	-	-	-	-	-	-
Loyalty Program, Travel Redemptions	-	-	-	-	-	-	-	$917.00M	$948.00M	$921.00M	$812.00M	$855.00M	$860.00M	$823.00M	$605.00M	$662.00M	$670.00M	$550.00M	$286.00M	$225.00M
Loyalty Program	-	-	-	-	-	-	-	-	-	$936.00M	$835.00M	$856.00M	$878.00M	$855.00M	$622.00M	$672.00M	$565.00M	$307.00M	$255.00M	-
Air Traffic	-	-	-	-	-	-	-	-	-	$900.00M	$3.80B	$400.00M	$800.00M	$1.00B	$2.60B	$300.00M	$362.00M	$838.00M	-	-
Loyalty Program, Co-branded Credit Card And Other Partners	-	-	-	-	-	-	-	-	-	-	-	-	$1.00B	$1.00B	$1.40B	$800.00M	$835.00M	$684.00M	$1.00B	-

American Airlines Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Passenger (49.70%), Passenger Travel (45.44%), Product and Service, Other (4.02%), and Cargo and Freight (0.84%).

American Airlines Group Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23
Latin America Destination	$6.56B	$6.72B
Pacific Destination	$1.25B	$996.00M
Domestic Destination	$35.34B	$34.59B
Atlantic Destination	$6.45B	$6.21B

American Airlines Group's latest annual revenue breakdown by geography, as of Dec 24: Domestic Destination (71.26%), Latin America Destination (13.23%), Atlantic Destination (13.00%), and Pacific Destination (2.51%).

Quarterly Revenue by Country

Country	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
Atlantic Destination	$2.11B	$2.09B	$965.00M	$1.32B	$2.11B	$2.02B	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Latin America Destination	$1.34B	$1.55B	$1.91B	$1.66B	$1.43B	$1.56B	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pacific Destination	$299.00M	$328.00M	$393.00M	$365.00M	$299.00M	$279.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Domestic Destination	$8.72B	$9.16B	$8.13B	$9.05B	$8.68B	$9.34B	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cargo and Freight	-	-	-	-	-	-	$197.00M	$223.00M	$263.00M	$279.00M	$328.00M	$364.00M	$341.00M	$332.00M	$326.00M	$315.00M	$285.00M	$207.00M	$130.00M	$147.00M
Air Traffic	-	-	-	-	-	-	$900.00M	$3.80B	$400.00M	$800.00M	$1.00B	$2.60B	$300.00M	$362.00M	$838.00M	-	$100.00M	$100.00M	$2.60B	-
Loyalty Program	-	-	-	-	-	-	$936.00M	$835.00M	$856.00M	$878.00M	$855.00M	$622.00M	$672.00M	$565.00M	$307.00M	$255.00M	$175.00M	$151.00M	$651.00M	-
Passenger Travel	-	-	-	-	-	-	$12.06B	$10.29B	$11.28B	$11.54B	$11.40B	$7.21B	$7.72B	$7.29B	$6.00B	$2.89B	$2.96B	$2.41B	$1.01B	$7.08B
Loyalty Program, Travel Redemptions	-	-	-	-	-	-	$921.00M	$812.00M	$855.00M	$860.00M	$823.00M	$605.00M	$662.00M	$670.00M	$550.00M	$286.00M	$225.00M	$133.00M	$102.00M	$602.00M
Loyalty Program, Marketing Services	-	-	-	-	-	-	$741.00M	$722.00M	$666.00M	$655.00M	$740.00M	$596.00M	$595.00M	$585.00M	$529.00M	$457.00M	$508.00M	$389.00M	$356.00M	$571.00M
Loyalty Program, Co-branded Credit Card And Other Partners	-	-	-	-	-	-	-	-	-	$1.00B	$1.00B	$1.40B	$800.00M	$835.00M	$684.00M	$1.00B	-	-	-	-
Other Revenue	-	-	-	-	-	-	-	-	-	-	-	-	$110.00M	$78.00M	$57.00M	$28.00M	-	-	-	-
Product and Service, Other	-	-	-	-	-	-	-	-	-	-	-	-	$705.00M	$607.00M	$514.00M	$384.00M	-	-	-	-

American Airlines Group's latest quarterly revenue breakdown by geography, as of Sep 25: Domestic Destination (69.95%), Atlantic Destination (16.91%), Latin America Destination (10.74%), and Pacific Destination (2.40%).

American Airlines Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
AAL	American Airlines Group	$54.21B	$13.69B
ALK	Alaska Air Group	$11.73B	$3.70B
SKYW	SkyWest	$3.53B	$1.04B
CPA	Copa	$3.46B	$893.47M

AAL Revenue FAQ

What is American Airlines Group’s yearly revenue?

American Airlines Group's yearly revenue for 2024 was $54.21B, representing an increase of 2.70% compared to 2023. The company's yearly revenue for 2023 was $52.79B, representing an increase of 7.79% compared to 2022. AAL's yearly revenue for 2022 was $48.97B, representing an increase of 63.88% compared to 2021.

What is American Airlines Group’s quarterly revenue?

American Airlines Group's quarterly revenue for Q3 2025 was $13.69B, a -4.87% decrease from the previous quarter (Q2 2025), and a 0.32% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $14.39B, a 14.67% increase from the previous quarter (Q1 2025), and a 0.40% increase year-over-year (Q2 2024). AAL's quarterly revenue for Q1 2025 was $12.55B, a -8.12% decrease from the previous quarter (Q4 2024), and a -0.15% decrease year-over-year (Q1 2024).

What is American Airlines Group’s revenue growth rate?

American Airlines Group's revenue growth rate for the last 3 years (2022-2024) was 10.70%, and for the last 5 years (2020-2024) was 212.69%.

What are American Airlines Group’s revenue streams?

American Airlines Group's revenue streams in c 24 are Cargo and Freight, Loyalty Program, Marketing Services, and Passenger. Cargo and Freight generated $804M in revenue, accounting 1.50% of the company's total revenue, down -0.99% year-over-year. Loyalty Program, Marketing Services generated $3.26B in revenue, accounting 6.07% of the company's total revenue, up 11.20% year-over-year. Passenger generated $49.59B in revenue, accounting 92.43% of the company's total revenue, up 2.21% year-over-year.

What is American Airlines Group’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of American Airlines Group was Passenger. This segment made a revenue of $49.59B, representing 92.43% of the company's total revenue.