American Airlines Group (AAL) delivered mixed results in Q2 FY2026 on revenue of $16.7B versus the $16.7B estimate (+16.3% YoY) and EPS of $0.15. The next American Airlines Group (AAL) earnings date is Oct 22, 2026. Below is the full American Airlines Group earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
American Airlines Group (AAL) Earnings Analysis — key stats
Next earnings date
Oct 22, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
Mixed
EPS beat rate
7 of last 8 (quarters above estimate)
Avg next-day move
±6.8% (over the last 8 reports)
Post-earnings direction
Up 4 / Down 4 (of the last 8 reports)
Implied move (next report)
±19.1% (options-derived · into Oct 22, 2026)
Institutional ownership
79.7% (13F as of 2026-06-30)
Top 10 holders
45.6% (of shares outstanding)
Insider activity
1 buys / 10 sells (recent Form 4 filings)
Revenue
$16.7B (vs $16.7B est · +0.2% surprise · +16.3% YoY)
EPS
$0.15 (vs $0.03 est · +400.0% surprise · -87.9% YoY)
Share price
$13.63 (-1.4%)
Market cap
$9.0B
American Airlines Group (AAL) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$16.7B vs $16.7B est
$0.15 vs $0.03 est
+400.0%
-2.1%
Mixed
Q2 FY2026
$13.9B vs $13.8B est
$-0.40 vs $-0.46 est
+13.7%
+5.2%
Mixed
Q1 FY2026
$14.0B vs $14.0B est
$0.16 vs $0.38 est
-57.9%
-7.8%
Mixed
Q4 FY2025
$13.7B vs $13.6B est
$-0.17 vs $-0.28 est
+38.9%
+14.0%
Mixed
Q3 FY2025
$14.4B vs $14.3B est
$0.95 vs $0.78 est
+21.8%
-9.3%
Mixed
Q2 FY2025
$12.6B vs $12.5B est
$-0.59 vs $-0.69 est
+15.0%
+4.6%
Mixed
Q1 FY2025
$13.7B vs $13.1B est
$0.86 vs $0.39 est
+120.5%
-9.1%
Beat
Q4 FY2024
$13.6B vs $13.5B est
$0.30 vs $0.18 est
+66.9%
+2.5%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Primecap Management CO/Ca/
10.7%
70.7M
$1.3B
+44.4%
Blackrock, INC.
9.6%
63.4M
$1.1B
+8.7%
Vanguard Portfolio Management LLC
4.5%
29.9M
$540.2M
+5.4%
Vanguard Capital Management LLC
4.4%
29.4M
$531.6M
+0.5%
Two Sigma Investments, LP
4.1%
27.2M
$492.2M
+92.1%
State Street Corp
3.0%
19.6M
$353.6M
+1.8%
Susquehanna International Group, Llp
2.6%
17.5M
$315.5M
-7.6%
Orbis Allan Gray Ltd
2.4%
16.1M
$291.6M
+635.1%
Jane Street Group, LLC
2.1%
13.8M
$249.1M
-41.5%
Geode Capital Management, LLC
2.1%
13.7M
$247.5M
+7.9%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
Johnson Stephen L
officer: Vice Chair
2026-07-30
Sell
30K
$457878
Johnson Stephen L
officer: Vice Chair
2026-07-31
Sell
30K
$458790
Owens Angela
officer: SVP Corporate Controller
2026-07-31
Sell
40K
$611623
Johnson Stephen L
officer: Vice Chair
2026-07-27
Sell
30K
$440112
Johnson Stephen L
officer: Vice Chair
2026-07-28
Sell
30K
$454818
Johnson Stephen L
officer: Vice Chair
2026-07-29
Sell
30K
$450378
Owens Angela
officer: SVP Corporate Controller
2026-07-28
Sell
39K
$601017
DIETRICH JOHN W
director
2026-07-15
Buy
9K
—
What you'll find
Next American Airlines Group (AAL) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment American Airlines Group reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in American Airlines Group (AAL)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is American Airlines Group's next earnings date?
American Airlines Group's (AAL) next scheduled earnings date is Oct 22, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did American Airlines Group (AAL) beat or miss earnings?
In Q2 FY2026, American Airlines Group (AAL) posted mixed results — revenue of $16.7B versus the $16.7B estimate (+0.2% surprise) and EPS of $0.15 versus $0.03 expected (+400.0% surprise). Magnisto decodes every American Airlines Group (AAL) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does American Airlines Group beat earnings estimates?
Over its last 8 reported quarters, American Airlines Group (AAL) beat Wall Street EPS estimates 7 times, most recently a mixed result in Q3 FY2026. Magnisto tracks every American Airlines Group (AAL) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does American Airlines Group stock move after earnings?
Over its last 8 quarterly reports, American Airlines Group (AAL) moved an average of ±6.8% the day after earnings — ranging from -9.3% (Q3 FY2025) to +14.0% (Q4 FY2025). The stock rose after 4 of those 8 reports and fell after 4. Heading into its next report on Oct 22, 2026, options-implied volatility is pricing in a move of roughly ±19.1% (derived). Magnisto tracks the realized post-earnings move for every American Airlines Group (AAL) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of American Airlines Group?
Institutions hold about 79.7% of American Airlines Group's (AAL) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Primecap Management CO/Ca/ (10.7%), Blackrock, INC. (9.6%), Vanguard Portfolio Management LLC (4.5%). Magnisto lists American Airlines Group's (AAL) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling American Airlines Group (AAL)?
In the most recent Form 4 filings Magnisto tracks, American Airlines Group (AAL) insiders recorded 1 purchase and 10 sales — net selling. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for American Airlines Group (AAL) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for American Airlines Group (AAL), anchored to the current $13.63 share price, so you can weigh the bull, base and bear cases for American Airlines Group side by side.
Is American Airlines Group (AAL) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether American Airlines Group fits your own thesis and risk profile. This is research, not investment advice.