American Airlines (AAL) Debt Ratio (2009 - 2026)
American Airlines' (AAL) Debt Ratio stood at 0.45 in Q2 2026, down 4.0% from 0.47 a year earlier but up 2.2% from the prior quarter.
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Analysis
American Airlines (AAL) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, American Airlines' Debt Ratio came in at 0.48, down 2.0% from FY2024.
- Annual Debt Ratio has declined for four straight years.
- Across earlier years, Debt Ratio came in at 0.49 in FY2024 (-5.2%), 0.52 in FY2023 (-5.3%), 0.55 in FY2022 (-3.8%) and 0.57 in FY2021 (+8.9%).
- Quarterly Debt Ratio has ranged from 0.44 in Q1 2026 to 0.57 in Q4 2021 over the past five years.
- On a year-over-year basis, Debt Ratio has declined for 18 consecutive quarters, with an average decline of 4.8% over the last eight quarters.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 8.9% in Q4 2021, against a decline of 8.0% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.44 (Q1 2026), 0.48 (Q4 2025) and 0.46 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 178.24 Bn | 170.49 Bn | - | 0.42 |
| 2 | Csx | 96.35 Bn | 91.58 Bn | - | 0.42 |
| 3 | Canadian Pacific Kansas City | 80.12 Bn | 79.83 Bn | - | 0.28 |
| 4 | United Parcel Service | 79.53 Bn | 56.45 Bn | - | 0.34 |
| 5 | Norfolk Southern | 76.33 Bn | 70.79 Bn | - | 0.36 |
| 6 | Fedex | 72.68 Bn | 38.63 Bn | - | 0.26 |
| 7 | Delta Air Lines | 53.59 Bn | 35.78 Bn | - | 0.16 |
| 8 | Old Dominion Freight Line | 38.80 Bn | 38.06 Bn | - | 0.00 |
| 9 | United Airlines Holdings | 34.02 Bn | -23.68 Bn | - | 0.31 |
| 10 | American Airlines | 8.35 Bn | -15.69 Bn | - | 0.45 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.45 |
| Mar 31, 2026 | 0.44 |
| Dec 31, 2025 | 0.48 |
| Sep 30, 2025 | 0.46 |
| Jun 30, 2025 | 0.47 |
| Mar 31, 2025 | 0.47 |
| Dec 31, 2024 | 0.49 |
| Sep 30, 2024 | 0.50 |
| Jun 30, 2024 | 0.50 |
| Mar 31, 2024 | 0.50 |
| Dec 31, 2023 | 0.52 |
| Sep 30, 2023 | 0.51 |
| Jun 30, 2023 | 0.52 |
| Mar 31, 2023 | 0.53 |
| Dec 31, 2022 | 0.55 |
| Sep 30, 2022 | 0.55 |
| Jun 30, 2022 | 0.55 |
| Mar 31, 2022 | 0.56 |
| Dec 31, 2021 | 0.57 |
| Sep 30, 2021 | 0.56 |
API Access
American Airlines Debt Ratio 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=debt-ratio&ticker=AAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "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=debt-ratio&ticker=AAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();