American Airlines Group

AAL · NASDAQ

$12.11+$0.43 (+3.68%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $11.68

AAL analyst rating

HoldConsensus of 20 analysts over the last 12 months. 45% rate it a buy.

Strong buy0
Buy9
Hold10
Underperform0
Sell1

12-month price target · 25 analysts

Average $17.22 (+42.2% upside)

Low: $10.62
Now: $12.11
High: $26.25

Upgrades and downgrades

The latest rating actions, newest first

AAL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
UBS	Oct 16, 2026	Maintains	Buy	$17.00 → $16.00	35%
Susquehanna	Oct 7, 2026	Maintains	Positive	$20.00 → $15.00	66%
Wells Fargo	Oct 6, 2026	Maintains	Equal-Weight	$17.00 → $14.00	57%
Goldman Sachs	Oct 2, 2026	Maintains	Sell	$13.00 → $11.00	54%
TD Cowen	Oct 2, 2026	Maintains	Buy	$16.00 → $15.00	22%
BMO Capital	Sep 28, 2026	Maintains	Market Perform	$19.00 → $15.50	15%
Evercore ISI Group	Sep 28, 2026	Maintains	In-Line	$17.00 → $13.00	57%
Rothschild & Co	Sep 18, 2026	Maintains	Neutral	$12.50 → $13.50	50%
Barclays	Sep 11, 2026	Maintains	Equal-Weight	$19.00 → $14.00	50%
UBS	Sep 10, 2026	Maintains	Buy	$18.00 → $17.00	35%

The case for and against

Updated May 22, 2025

Bull case

American Airlines Group is poised for a positive outlook due to a projected ~$1 billion in steady state ex-fuel cost savings and a 20% increase in premium seats, which could enhance revenue generation as credit card economics align with peers. The airline's successful fleet renewal has resulted in possessing the youngest fleet among US legacy carriers, positioning it to capitalize on operational excellence and potential margin expansion. Additionally, the company is expected to reduce debt by approximately $6 billion through 2027, further strengthening its financial standing and improving its balance sheet.

Bear case

The negative outlook on American Airlines Group's stock is primarily driven by its highly leveraged balance sheet, reflected in an adjusted net debt to capital ratio of 119%, significantly higher than that of competitors such as Alaska Airlines, JetBlue, Spirit, and Southwest, which are positioned at 68%. Additionally, the airline faces persistent revenue challenges exacerbated by the growth of ultra-low-cost carriers at its major hubs, which is expected to further strain earnings. Furthermore, while management has recognized the need to slow growth and improve credit card economics—a previously missed revenue opportunity—specific risks remain, including over-reliance on regional jets and deteriorating competitive capacity dynamics, which could amplify earnings volatility in a fluctuating market.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.