American Airlines (AAL) Capital Expenditures (2009 - 2026)
American Airlines' Capital Expenditures was $822 million in Q2 2026, up 64.7% from $499 million a year earlier and up 1.4% from the prior quarter.
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Analysis
American Airlines (AAL) Capital Expenditures (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, American Airlines' Capital Expenditures was $4.09 billion through Jun 30, 2026, up 61.6% year-over-year; for FY2025, it came in at $3.78 billion, up 40.8% from FY2024.
- Capital Expenditures has now increased for three consecutive years, with a five-year compound annual growth rate of 14.1% (FY2020 to FY2025).
- In earlier years, Capital Expenditures was $2.68 billion in FY2024 (+3.4%), $2.6 billion in FY2023 (+2.0%), $2.55 billion in FY2022 and $208 million in FY2021 (-89.4%).
- Quarterly Capital Expenditures has moved between $98 million (Q4 2021) and $1.63 billion (Q4 2025) over five years.
- Compared with a year earlier, Capital Expenditures was higher in three of the last eight quarters, with growth averaging 27.0%.
- The best year-over-year quarter for Capital Expenditures over five years was Q4 2022 (growth of 600.0%); the worst was Q3 2021 (a decline of 60.5%).
- Per Business Quant data, AAL's Capital Expenditures in the three quarters before Q2 2026 was $811 million (Q1 2026), $1.63 billion (Q4 2025) and $826 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 165.28 Bn | 159.81 Bn | - | 873.00 Mn |
| 2 | Csx | 87.86 Bn | 84.08 Bn | - | 576.00 Mn |
| 3 | Canadian Pacific Kansas City | 75.56 Bn | 75.27 Bn | - | 547.98 Mn |
| 4 | Norfolk Southern | 71.27 Bn | 65.91 Bn | - | 439.00 Mn |
| 5 | United Parcel Service | 69.70 Bn | 46.62 Bn | - | 693.00 Mn |
| 6 | Fedex | 68.71 Bn | 34.65 Bn | - | 1.47 Bn |
| 7 | Delta Air Lines | 55.32 Bn | 37.50 Bn | - | -786.00 Mn |
| 8 | Old Dominion Freight Line | 37.44 Bn | 36.71 Bn | - | 77.04 Mn |
| 9 | United Airlines Holdings | 36.52 Bn | -19.85 Bn | - | 1.34 Bn |
| 10 | American Airlines | 8.57 Bn | -15.47 Bn | - | 822.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 822.00 Mn |
| Mar 31, 2026 | 811.00 Mn |
| Dec 31, 2025 | 1.63 Bn |
| Sep 30, 2025 | 826.00 Mn |
| Jun 30, 2025 | 499.00 Mn |
| Mar 31, 2025 | 824.00 Mn |
| Dec 31, 2024 | 740.00 Mn |
| Sep 30, 2024 | 468.00 Mn |
| Jun 30, 2024 | 651.00 Mn |
| Mar 31, 2024 | 824.00 Mn |
| Dec 31, 2023 | 843.00 Mn |
| Sep 30, 2023 | 509.00 Mn |
| Jun 30, 2023 | 739.00 Mn |
| Mar 31, 2023 | 505.00 Mn |
| Dec 31, 2022 | 686.00 Mn |
| Sep 30, 2022 | 455.00 Mn |
| Jun 30, 2022 | 598.00 Mn |
| Mar 31, 2022 | 807.00 Mn |
| Dec 31, 2021 | 98.00 Mn |
| Sep 30, 2021 | 228.00 Mn |
API Access
American Airlines Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=AAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "AAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=AAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();