AAL

American Airlines Group operates the world's largest commercial airline fleet with approximately 950 aircraft, serving passengers through its signature hub-and-spoke network model. Founded as a merger between American Airlines and US Airways, the company now transports over 200 million passengers annually across domestic and international routes. The airline's business model centers on three revenue streams: passenger operations (60% leisure, 40% business travelers), a robust loyalty program generating $1.5 billion annually through co-branded credit cards with Citi and Barclays, and cargo services. In 2026, American Airlines is executing a "premiumization" strategy, shifting from volume-driven operations to targeting high-value passengers with enhanced products like the Flagship Suite featuring sliding doors and direct aisle access. The company ordered 260 new fuel-efficient aircraft and plans to expand its international-capable fleet from 139 to 200 aircraft by decade's end. American has reduced total debt from $54 billion to $36.8 billion while maintaining strong operational performance across nine major hubs including Dallas-Fort Worth, Charlotte, and Miami.