American Airlines (AAL) Operating Leases (2018 - 2026)
American Airlines (AAL) posted Operating Leases of $5.75 billion for Q2 2026, down 7.3% from $6.2 billion a year earlier and down 0.2% from the prior quarter.
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Analysis
American Airlines (AAL) Operating Leases (2018 - 2026) Analysis & Trends
At the end of FY2025, American Airlines' Operating Leases came in at $5.91 billion, down 1.2% from FY2024.
- Annual Operating Leases has declined for seven consecutive years, with a five-year compound annual growth rate of -2.7% (FY2020 to FY2025).
- In prior years, American Airlines' Operating Leases was $5.98 billion in FY2024 (-7.4%), $6.45 billion in FY2023 (-1.6%), $6.56 billion in FY2022 (-0.8%) and $6.61 billion in FY2021 (-2.5%).
- The Q2 2026 figure stands as the lowest quarterly Operating Leases in data going back to Q4 2018.
- On a year-over-year basis, Operating Leases has declined in each of the last seven quarters, with an average decline of 4.2% over the last eight quarters.
- The strongest year-over-year quarter for Operating Leases in the past five years was Q2 2023, with growth of 3.1%; the weakest was Q4 2024, with a decline of 7.4%.
- According to Business Quant data, Operating Leases for the three prior quarters was $5.76 billion (Q1 2026), $5.91 billion (Q4 2025) and $6.2 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 178.24 Bn | 170.49 Bn | - |
| 2 | Csx | 96.35 Bn | 91.58 Bn | - |
| 3 | Canadian Pacific Kansas City | 80.12 Bn | 79.83 Bn | - |
| 4 | United Parcel Service | 79.53 Bn | 56.45 Bn | - |
| 5 | Norfolk Southern | 76.33 Bn | 70.79 Bn | - |
| 6 | Fedex | 72.68 Bn | 38.63 Bn | - |
| 7 | Delta Air Lines | 53.59 Bn | 35.78 Bn | - |
| 8 | Old Dominion Freight Line | 38.80 Bn | 38.06 Bn | - |
| 9 | United Airlines Holdings | 34.02 Bn | -23.68 Bn | - |
| 10 | American Airlines | 8.35 Bn | -15.69 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.75 Bn |
| Mar 31, 2026 | 5.76 Bn |
| Dec 31, 2025 | 5.91 Bn |
| Sep 30, 2025 | 6.20 Bn |
| Jun 30, 2025 | 6.20 Bn |
| Mar 31, 2025 | 6.06 Bn |
| Dec 31, 2024 | 5.98 Bn |
| Sep 30, 2024 | 6.35 Bn |
| Jun 30, 2024 | 6.48 Bn |
| Mar 31, 2024 | 6.46 Bn |
| Dec 31, 2023 | 6.45 Bn |
| Sep 30, 2023 | 6.33 Bn |
| Jun 30, 2023 | 6.51 Bn |
| Mar 31, 2023 | 6.33 Bn |
| Dec 31, 2022 | 6.56 Bn |
| Sep 30, 2022 | 6.28 Bn |
| Jun 30, 2022 | 6.31 Bn |
| Mar 31, 2022 | 6.53 Bn |
| Dec 31, 2021 | 6.61 Bn |
| Sep 30, 2021 | 6.57 Bn |
API Access
American Airlines Operating Leases 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=operating-leases&ticker=AAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=AAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();