Filing Flows › Industries › Air Transportation, Scheduled › Capital spending and supply chain
Air Transportation, Scheduled: capital spending and supply chain
SIC 4512 · 10 companies with filed cash-flow statements
Analysis
10 companies in Air Transportation, Scheduled (SIC 4512) spent $12.5B on capital projects over their latest twelve months, 118% of the $10.6B their operations generated; the three largest spenders — AAL, LUV, American Airlines — account for 86%.
Capital spending is 4.6% of the industry's $269.8B of annual revenue.
By the industry's asset mix most of it goes to equipment (67%); about $2.5B is imported.
The largest supplier of that spending is aircraft manufacturing ($9.2B).
Its largest supplying industries, by the input-output tables: petroleum refineries ($26.3B), scenic and sightseeing transportation and support activities ($26.0B), imports ($23.5B).
Charts
Capital spending by company
| Company | Capital spending | Operating cash flow | Capex / OCF | Period |
|---|---|---|---|---|
| AAL American Airlines Group | $4.4B | $4.3B | 102% | TTM to Q3 2026 |
| LUV Southwest Airlines | $3.2B | $2.8B | 116% | TTM to Q3 2026 |
| American Airlines | $3.1B | $1.4B | 216% | TTM to Q3 2013 |
| JBLU Jetblue Airways | $911M | −$224M | — | TTM to Q3 2026 |
| ALK Alaska Air Group | $265M | $940M | 28% | TTM to Q3 2026 |
| RJET Republic Airways Holdings | $252M | $301M | 84% | TTM to Q3 2026 |
| ALGT Allegiant Travel | $241M | $215M | 112% | TTM to Q3 2026 |
| ULCC Frontier Group Holdings | $57.0M | $59.0M | 97% | TTM to Q3 2026 |
| SKYW Skywest | $35.7M | $799M | 4% | TTM to Q3 2026 |
| JETMF Global Crossing Airlines Group | $9.1M | $35.0M | 26% | TTM to Q3 2026 |
Customers and suppliers named in annual reports
| Supplier | Customer | Share of supplier revenue | Evidence | Source |
|---|---|---|---|---|
| RJET | AAL | 43% | Stated in 10-K (XBRL) | filing |
| RJET | UAL | 31% | Stated in 10-K (XBRL) | filing |
| RJET | DAL | 24% | Stated in 10-K (XBRL) | filing |
| AIRT | AAL | 4% | Stated in 10-K (sentence) | filing |
| GE | RJET | — | Stated in 10-K (named, share not stated) | filing |
| GE | SKYW | — | Stated in 10-K (named, share not stated) | filing |
| GE | DAL | — | Stated in 10-K (named, share not stated) | filing |
| DAL | RJET | — | Stated in 10-K (named, share not stated) | filing |
| AAL | RJET | — | Stated in 10-K (named, share not stated) | filing |
| BA | LUV | — | Stated in 10-K (named, share not stated) | filing |
| BA | ALGT | — | Stated in 10-K (named, share not stated) | filing |
| BA | AAL | — | Stated in 10-K (named, share not stated) | filing |
The interactive money flow: switch views, follow each dollar →
Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.