Is it safe?
Can AAL take a bad year?
American Airlines Group Inc. carries $20.9B of net debt at 7.20× EBITDA: a heavy load to carry through a bad year.
$20.9B
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 7.20×
Net debt / EBITDA · 5.26× a year ago · the load is going up
- Altman Z-score
- 0.68
Altman Z-score · distress zone, below 1.8
- Interest cover
- 0.61×
Interest cover · operating profit barely covers the interest bill
Details›
- Total debtQ2 2026
- $28.8B
- Cash and short-term investments
- $7.89B
- Net debt
- $20.9B
- EBITDA, trailing twelve months
- $2.91B
- Operating profit, trailing twelve months
- $1.01B
- Total debt / EBITDA
- 9.91×
- Annualised volatilitytwo years of daily moves
- 52%
- Worst drawdown on file
- −84%
- Below its 52-week high
- −21%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.