The 1948–49 AHL season was the 13th season of the American Hockey League. Eleven teams played 68 games each in the schedule. The Wally Kilrea Trophy for the league's "top point scorer," is renamed the Carl Liscombe Trophy. The St. Louis Flyers won their first F. G. "Teddy" Oke Trophy as West Division champions. The Providence Reds and won their third Calder Cup as league champions.