Rankings Transport & logistics American Airlines
American Airlines
51
15070100
A view of the same findings, not a new score. How it works
A good business with a real question mark: the price, a crack, or both.
Biggest deductions
- Margin−8
- Debt and rating−8
- Fuel and repeated downgrades−7
Strengths
- Liquidity+1
- Loyalty programme+1
How the score is built
From 100 to 51, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 2 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 13.08 USD
- Median analyst target
- 15.00 USD
- Upside to median
- +14.7%
- Analysts
- 25
- Target range
- 6.10 – 24.00 USD
- 52-week change
- −0%
- P/E (trailing)
- n/a
- Forward P/E
- n/a
- PEG
- n/a
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 4 findings−19 of −30
- −8MarginOperating margin only 2.0% and net margin -0.6% (TTM) vs 6.2-7.6% operating margin in 2023-2024; adjusted EPS in Q2 2026 was USD 0.15 despite record revenue of USD 16.7bn.
- −3Quality of growthRevenue +16.3% in Q2, but higher fares covered only just under half of a fuel cost increase of USD 2.2bn (+83%); analysts expect a loss of USD 0.90 per share in 2026 vs a profit of USD 0.36 in 2025.
- −4MoatThe weakest of the three majors: the operating margin of 2% is under a third of Delta's and United's (about 7%), and premium unit revenue rose 13.4% vs 16-18% premium growth at competitors.
- −4Return on capitalROIC 3.1% (2.6% in 2025, 6-7% in 2023-2024) - far below the cost of capital; interest coverage is 0.69, so operations do not cover interest.
Price
Today's multiples against the company's own history and its peers. · 2 findings−9 of −35
- −6Multiples vs own historyLosses mean no P/E; EV/EBITDA 10.6 is the highest in five years (6.3-10.2), and P/FCF 28.8 vs 7.4-8.8 in 2023-2024. The low market cap (USD 7.9bn) hides an EV of USD 35.2bn.
- −3PeersEV/EBITDA 10.6 vs United 6.8 and Delta 8.7 - the worst quality trades at the highest EBITDA multiple.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−17 of −35
- −8Debt and ratingTotal debt USD 35.7bn and net debt USD 27.4bn vs negative equity of USD -4.0bn; net debt/EBITDA 8.1, current ratio 0.53 and Altman Z 0.66. S&P rating B+, four notches below investment grade; new aircraft financings require the aircraft as collateral.
- −7Fuel and repeated downgradesFull-year guidance cut twice: from 1.70-2.70 USD to -0.40-1.10 USD in April and to -0.65-0.65 USD in July; Q3 guided to a loss of -0.70 to -0.10 USD with fuel 1.7bn USD more expensive.
- −2Cash flow and investmentsFCF only USD 285m TTM (-680m in 2025), while capex has risen to USD 4.1bn; debt paydown has slowed (net repayment of USD 1.2bn TTM vs 2.7-2.9bn annually in 2022-2024).
Plus
Only documented strengths. · 2 findings+2 of +15
- +1
- +1Loyalty programmeAAdvantage enrolments +30% and spend on Citi credit cards +8% year over year in Q2 2026.
Caveats
What the score does not capture, or where the data is weak.
Q3 2026 has NOT been reported yet (22 Oct); figures run to 30 Jun 2026, and the company itself has guided a Q3 loss (−USD 0.70 to −0.10 per share) on fuel at USD 3.75/gallon, while jet fuel was at about USD 4.34 in October. Negative equity (−USD 4.0bn) makes P/E and P/B meaningless; T2 is based on EV/EBITDA and P/FCF. The fall in the share count (−4.4%) is not due to buybacks and gives no plus. The S&P rating B+ comes from a secondary source. Industry: airline = 'Transport & logistics' (closest). Collective agreements have not been investigated. 13F purchases give no points.
Also in Transport & logistics
The highest scores in the same industry.
