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As a global airline based in the United States, we connect customers across our expansive global network with a commitment to ensuring that the future of travel is connected, personalized and enjoyable. In 2025, we served over 200 million customers safely, reliably and with industry-leading customer service innovation.
$74.12
+$6.36 (+9.39%)
Price from 14 days ago
Operating margin is thin at 9.19%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 2.8%, essentially flat. This is a business that needs a catalyst.
Net debt of $15.96B represents 4.2x FCF, leverage limits flexibility.
10.8x earnings, 12.3x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$65.18B
▲ +2.8% YoY
Net Income (TTM)
$4.48B
▲ +44.8% YoY
Op. Margin
8.83%
▼ -0.5pp YoY
ROIC
11.57%
▼ -0.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$3.92B
▲ +33.2% YoY
Op. Cash Flow (TTM)
$8.40B
▲ +4.0% YoY
Net Debt
$14.32B
Cash & Equiv.
$5.05B
5Y CAGR: +30.0%
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