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How American Airlines Group (AAL) makes money
American Airlines Group (AAL) made $16.4B of revenue in the third quarter 2026 (Q3 2026), +20% from a year earlier. Passenger brought in $14.9B (91%); Loyalty revenue - marketing services brought in $983M (6%); Cargo brought in $274M (2%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Passenger | $14.9B | 91.2% | -3% | +20% |
| ↳ Passenger travel | $13.8B | 84.1% | -2% | +21% |
| ↳ Other | $1.2B | 7.1% | -7% | +15% |
| Loyalty revenue - marketing services | $983M | 6.0% | -7% | +18% |
| Cargo | $274M | 1.7% | +0.4% | +29% |
| Other revenue | $178M | 1.1% | -6% | +0.6% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $16.4B | 100.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $16.3B | +19% |
| Q2 2026 | $16.7B | +16% |
| Q1 2026 | $13.9B | +11% |
| Q4 2025 | $14.0B | +2% |
| Q3 2025 | $13.7B | +0.3% |
| Q2 2025 | $14.4B | +0.4% |
| Q4 2024 | $13.7B | +5% |
From American Airlines Group's 10-Q filed Oct 22, 2026 (on EDGAR).
Questions
How does American Airlines Group make money?
American Airlines Group (AAL) made $16.4B of revenue in the third quarter 2026 (Q3 2026), +20% from a year earlier. Passenger brought in $14.9B (91%); Loyalty revenue - marketing services brought in $983M (6%); Cargo brought in $274M (2%).
What is American Airlines Group's biggest business?
Passenger: $14.9B in the third quarter 2026, 91% of revenue, +20% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.