American Airlines (AAL) Net Long-Term Debt Issued (Repaid) (2009 - 2026)
American Airlines (AAL) recorded Non-Current Debt of $25.83 billion in Q2 2026, up 2.2% from $25.28 billion a year earlier and up 9.8% from the prior quarter.
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Analysis
American Airlines (AAL) Net Long-Term Debt Issued (Repaid) (2009 - 2026) Analysis & Trends
At the end of FY2025, American Airlines reported Non-Current Debt of $25.25 billion, up 0.4% from FY2024.
- Annual Non-Current Debt has a five-year compound annual growth rate of -3.3% (FY2020 to FY2025).
- Across earlier years, Non-Current Debt came in at $25.15 billion in FY2024 (-14.1%), $29.27 billion in FY2023 (-9.6%), $32.39 billion in FY2022 (-8.9%) and $35.57 billion in FY2021 (+19.4%).
- The Q2 2026 figure is the highest quarterly Non-Current Debt since Q3 2024.
- On a year-over-year basis, Non-Current Debt rose in two of the last eight quarters, with an average decline of 6.7%.
- Peak year-over-year performance for Non-Current Debt in the last five years was growth of 19.9% in Q3 2021, against a decline of 14.1% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $23.52 billion (Q1 2026), $25.25 billion (Q4 2025) and $25.11 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net LT Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 177.76 Bn | 170.01 Bn | - | -13.00 Mn |
| 2 | Csx | 96.23 Bn | 91.45 Bn | - | -1.00 Mn |
| 3 | United Parcel Service | 88.90 Bn | 65.79 Bn | - | -39.00 Mn |
| 4 | Canadian Pacific Kansas City | 80.39 Bn | 79.41 Bn | - | -254.47 Mn |
| 5 | Norfolk Southern | 76.20 Bn | 70.67 Bn | - | -11.00 Mn |
| 6 | Fedex | 70.94 Bn | 36.88 Bn | - | -735.00 Mn |
| 7 | Delta Air Lines | 53.05 Bn | 35.23 Bn | - | -1.23 Bn |
| 8 | Old Dominion Freight Line | 36.65 Bn | 35.92 Bn | - | - |
| 9 | United Airlines Holdings | 33.80 Bn | -23.90 Bn | - | -135.00 Mn |
| 10 | American Airlines | 8.29 Bn | -15.74 Bn | - | 1.19 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.19 Bn |
| Mar 31, 2026 | -1.33 Bn |
| Dec 31, 2025 | 187.00 Mn |
| Sep 30, 2025 | -1.21 Bn |
| Jun 30, 2025 | 331.00 Mn |
| Mar 31, 2025 | -1.04 Bn |
| Dec 31, 2024 | -1.35 Bn |
| Sep 30, 2024 | -137.00 Mn |
| Jun 30, 2024 | -684.00 Mn |
| Mar 31, 2024 | -625.00 Mn |
| Dec 31, 2023 | -596.00 Mn |
| Sep 30, 2023 | -1.20 Bn |
| Jun 30, 2023 | -601.00 Mn |
| Mar 31, 2023 | -502.00 Mn |
| Dec 31, 2022 | -1.34 Bn |
| Sep 30, 2022 | -254.00 Mn |
| Jun 30, 2022 | -791.00 Mn |
| Mar 31, 2022 | -294.00 Mn |
| Dec 31, 2021 | -610.00 Mn |
| Sep 30, 2021 | -1.60 Bn |
API Access
American Airlines Net Long-Term Debt Issued (Repaid) 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=non-current-debt&ticker=AAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=AAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();