Air-conditioning apparatus

An air-conditioning apparatus reduces occurrence of refrigerant accumulation on a downstream side of an evaporator to favorably circulate refrigerant. The air-conditioning apparatus includes: a main circuit in which a compressor, a refrigerant-flow switching device, a load-side heat exchanger, a load-side expansion device and three heat-source-side heat exchangers are connected by pipes to circulate refrigerant; and a heat-exchanger flow-passage switching device which performs switching to apply a first series refrigerant passage in the case where the three heat-source-side heat exchangers are used as condensers, and switching to apply a parallel refrigerant passage in the case where the three heat-source-side heat exchangers are used as evaporators. In the first series refrigerant passage, on an upstream side, the first and second heat-source-side heat exchangers are connected parallel to each other, and on a downstream side, the third heat-source-side heat exchanger is located. In the parallel refrigerant passage, first to third heat-source-side heat exchanger are connected parallel to each other.