American Airlines Group (AAL) Financials

$9.82 +0.25 (+2.56%)

As of 10:28 AM Eastern

Annual Income Statements for American Airlines Group

This table shows American Airlines Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	7,610	2,584	1,282	1,412	1,686	-8,885	-1,993	127	822	846
Consolidated Net Income / (Loss)	7,610	2,584	1,282	1,412	1,686	-8,885	-1,993	127	822	846
Net Income / (Loss) Continuing Operations	7,610	2,584	1,282	1,412	1,686	-8,885	-1,993	127	822	846
Total Pre-Tax Income	4,616	4,152	3,395	1,884	2,256	-11,453	-2,548	186	1,121	1,154
Total Operating Income	6,204	5,060	4,231	2,656	3,065	-10,421	-1,059	1,607	3,034	2,614
Total Gross Profit	16,118	15,023	14,838	13,790	15,786	-3,182	4,665	13,744	16,674	16,694
Total Revenue	40,990	40,142	42,622	44,541	45,768	17,337	29,882	48,971	52,788	54,211
Operating Revenue	36,272	40,142	42,622	44,541	45,768	17,337	29,882	48,971	52,788	54,211
Total Cost of Revenue	24,872	25,119	27,784	30,751	29,982	20,519	25,217	35,227	36,114	37,517
Operating Cost of Revenue	24,872	25,119	27,784	30,751	29,982	20,519	25,217	35,227	36,114	37,517
Total Operating Expenses	9,914	9,963	10,607	11,134	12,721	7,239	5,724	12,137	13,640	14,080
Selling, General & Admin Expense	4,374	4,634	4,910	5,088	5,428	3,186	3,994	5,422	6,006	6,429
Marketing Expense	1,394	1,323	1,477	1,520	2,004	666	1,098	1,815	1,799	1,812
Depreciation Expense	1,364	1,525	1,702	1,839	1,982	2,040	2,019	1,977	1,936	1,926
Other Operating Expenses / (Income)	1,731	1,772	2,518	1,900	2,672	2,004	2,619	2,730	2,928	3,303
Other Special Charges / (Income)	1,051	709	-	787	635	-657	-4,006	193	971	610
Total Other Income / (Expense), net	-1,588	-908	-836	-772	-809	-1,032	-1,489	-1,421	-1,913	-1,460
Interest Expense	880	991	1,053	1,056	1,095	1,227	1,800	1,962	2,145	1,934
Interest & Investment Income	39	63	94	118	127	41	18	216	591	468
Other Income / (Expense), net	-747	20	123	166	159	154	293	325	-359	6.00
Income Tax Expense	-2,994	1,568	2,113	472	570	-2,568	-555	59	299	308
Basic Earnings per Share	$11.39	$4.68	$2.62	$3.04	$3.80	($18.36)	($3.09)	$0.20	$1.26	$1.29
Weighted Average Basic Shares Outstanding	668.39M	552.31M	489.16M	464.24M	443.36M	483.89M	644.02M	650.35M	653.61M	657.00M
Diluted Earnings per Share	$11.07	$4.65	$2.61	$3.03	$3.79	($18.36)	($3.09)	$0.19	$1.21	$1.24
Weighted Average Diluted Shares Outstanding	687.40M	556.10M	491.69M	465.66M	444.27M	483.89M	644.02M	655.12M	719.67M	721.30M
Weighted Average Basic & Diluted Shares Outstanding	668.10M	551.80M	489.50M	449.06M	426.06M	639.68M	649.16M	651.43M	654.76M	657.58M

This table shows American Airlines Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	483	803	10	1,338	-545	19	-312	717	-149	590
Consolidated Net Income / (Loss)	483	803	10	1,338	-545	19	-312	717	-149	590
Net Income / (Loss) Continuing Operations	483	803	10	1,338	-545	19	-312	717	-149	590
Total Pre-Tax Income	658	1,011	17	1,763	-690	31	-413	1,028	-256	795
Total Operating Income	930	1,383	438	2,163	-223	656	7.00	1,384	89	1,134
Total Gross Profit	4,025	4,395	3,543	5,392	3,919	3,820	3,310	4,788	4,119	4,477
Total Revenue	13,462	13,188	12,189	14,055	13,482	13,062	12,570	14,334	13,647	13,660
Operating Revenue	13,462	13,188	12,189	14,055	13,482	13,062	12,570	14,334	13,647	13,660
Total Cost of Revenue	9,437	8,793	8,646	8,663	9,563	9,242	9,260	9,546	9,528	9,183
Operating Cost of Revenue	9,437	8,793	8,646	8,663	9,563	9,242	9,260	9,546	9,528	9,183
Total Operating Expenses	3,095	3,012	3,105	3,229	4,142	3,164	3,303	3,404	4,030	3,343
Selling, General & Admin Expense	1,362	1,386	1,460	1,495	1,531	1,520	1,536	1,640	1,668	1,585
Marketing Expense	495	484	438	489	430	442	408	456	468	480
Depreciation Expense	491	490	486	483	487	480	470	474	479	503
Other Operating Expenses / (Income)	710	648	708	762	745	713	819	834	861	789
Other Special Charges / (Income)	37	4.00	13	0.00	949	9.00	70	0.00	554	-14
Total Other Income / (Expense), net	-272	-372	-421	-400	-467	-625	-420	-356	-345	-339
Interest Expense	499	532	540	548	537	520	497	486	480	471
Interest & Investment Income	70	109	125	162	168	136	118	128	117	105
Other Income / (Expense), net	157	51	-6.00	-14	-98	-241	-41	2.00	18	27
Income Tax Expense	175	208	7.00	425	-145	12	-101	311	-107	205
Basic Earnings per Share	$0.74	$1.25	$0.02	$2.05	($0.83)	$0.02	($0.48)	$1.09	($0.23)	$0.91
Weighted Average Basic Shares Outstanding	650.59M	650.35M	652M	653.60M	654.12M	653.61M	655.85M	656.97M	657.42M	657.00M
Diluted Earnings per Share	$0.69	$1.34	$0.02	$1.88	($0.83)	$0.14	($0.48)	$1.01	($0.23)	$0.94
Weighted Average Diluted Shares Outstanding	715.99M	655.12M	656.71M	719.35M	654.12M	719.67M	655.85M	720.30M	657.42M	721.30M
Weighted Average Basic & Diluted Shares Outstanding	649.90M	651.43M	652.86M	653.36M	653.54M	654.76M	656.09M	656.70M	657.13M	657.58M

This table details how cash moves in and out of American Airlines Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-604	-72	-2,072	-112	4.00	109	9.00	178	95	221
Net Cash From Operating Activities	6,249	6,524	-4,744	3,533	3,815	-6,543	704	2,173	3,803	3,983
Net Cash From Continuing Operating Activities	2,554	8,638	2,709	3,533	3,815	-6,543	704	2,173	3,803	3,983
Net Income / (Loss) Continuing Operations	7,610	5,273	1,282	1,412	1,686	-8,885	-1,993	127	822	846
Consolidated Net Income / (Loss)	7,610	5,273	1,282	1,412	1,686	-8,885	-1,993	127	822	846
Depreciation Expense	1,609	1,818	-	2,159	2,318	2,370	2,335	2,298	2,254	2,245
Non-Cash Adjustments To Reconcile Net Income	352	284	-184	88	118	1,323	-124	-135	192	-231
Changes in Operating Assets and Liabilities, net	-6,895	1,382	1,611	-126	-307	-1,351	486	-117	535	1,123
Net Cash From Investing Activities	-5,594	-5,702	-3,636	-1,973	-2,243	-4,342	-5,983	636	-502	-968
Net Cash From Continuing Investing Activities	-5,594	-5,702	-3,636	-1,973	-2,243	-4,342	-5,983	636	-502	-968
Purchase of Property, Plant & Equipment	-6,151	-5,731	-5,971	-3,745	-4,268	-1,958	-208	-2,546	-2,596	-2,683
Purchase of Investments	-8,126	-6,241	-4,633	-3,412	-3,187	-6,181	-19,855	-11,256	-7,272	-7,017
Sale and/or Maturity of Investments	8,648	6,145	6,768	3,984	4,144	2,803	13,923	14,972	8,861	8,013
Other Investing Activities, net	-	0.00	309	1,089	1,014	643	157	-534	505	719
Net Cash From Financing Activities	-1,259	-894	-1,145	-1,672	-1,568	10,994	5,288	-2,631	-3,206	-2,794
Net Cash From Continuing Financing Activities	-1,259	-894	-1,145	-1,672	-1,568	10,994	5,288	-2,631	-3,206	-2,794
Repayment of Debt	-2,144	-3,904	-2,417	-3,003	-4,253	-3,540	-7,343	-3,700	-8,028	-4,467
Issuance of Debt	5,009	7,734	3,085	2,354	3,960	11,780	12,171	1,069	4,822	1,673

This table details how cash moves in and out of American Airlines Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	2,863	110	-3,335	-1,568	-150	5,148	-2,158	-1,091	-84	3,554
Net Cash From Operating Activities	-	2,173	0.00	-	-	3,803	0.00	-	-	3,983
Net Cash From Continuing Operating Activities	-593	-158	3,333	1,763	58	-1,351	2,180	1,128	277	398
Net Income / (Loss) Continuing Operations	-	127	0.00	-	-	822	0.00	-	-	846
Net Cash From Investing Activities	784	1,552	-2,796	-949	1,084	2,159	-1,516	-376	58	866
Net Cash From Continuing Investing Activities	784	1,552	-2,796	-949	1,084	2,159	-1,516	-376	58	866
Purchase of Property, Plant & Equipment	-455	-686	-505	-739	-509	-843	-824	-651	-468	-740
Purchase of Investments	-2,030	857	-5,131	-2,456	-736	1,051	-3,287	-1,427	-1,814	-489
Sale and/or Maturity of Investments	3,328	1,519	2,695	1,994	2,207	1,965	2,597	1,352	2,111	1,953
Other Investing Activities, net	-123	-55	145	69	86	205	-2.00	-3.00	-16	740
Net Cash From Financing Activities	-252	-1,284	-539	-619	-1,234	-814	-642	-715	-142	-1,295
Net Cash From Continuing Financing Activities	-252	-1,284	-539	-619	-1,234	-814	-642	-715	-142	-1,295
Repayment of Debt	-379	-1,662	-2,326	-920	-1,378	-3,404	-873	-963	-862	-1,769
Issuance of Debt	127	378	1,787	301	144	2,590	231	248	720	474

This table presents American Airlines Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	48,415	51,274	52,785	60,580	59,995	62,008	66,467	64,716	63,058	61,783
Total Current Assets	9,985	10,324	9,146	8,637	8,206	11,095	17,336	15,269	13,572	13,154
Cash & Equivalents	390	322	295	275	280	245	273	440	578	804
Restricted Cash	695	638	318	154	158	609	990	995	910	732
Short-Term Investments	5,864	6,037	4,771	4,485	3,546	6,619	12,158	8,525	7,000	6,180
Accounts Receivable	1,425	1,594	1,752	1,706	1,750	1,342	1,505	2,138	2,026	2,006
Inventories, net	863	1,094	1,359	1,522	1,851	1,614	1,795	2,279	2,400	2,638
Prepaid Expenses	748	639	651	495	621	666	615	892	658	794
Plant, Property, & Equipment, net	27,510	31,159	34,156	34,098	34,995	31,699	29,537	30,200	30,764	31,127
Plant, Property & Equipment, gross	80,241	45,353	49,802	51,541	53,654	48,456	47,708	50,229	52,861	54,735
Accumulated Depreciation	13,144	14,194	15,646	17,443	18,659	16,757	18,171	20,029	22,097	23,608
Total Noncurrent Assets	22,907	9,791	9,483	17,845	16,794	19,214	19,594	19,247	18,722	17,502
Goodwill	4,091	4,091	4,091	4,091	4,091	4,091	4,091	4,091	4,091	4,091
Intangible Assets	2,249	2,173	2,203	2,137	2,084	2,029	1,988	2,059	2,051	2,044
Noncurrent Deferred & Refundable Income Taxes	2,477	1,498	1,816	1,145	645	3,239	3,556	3,099	2,888	2,485
Other Noncurrent Operating Assets	14,090	2,029	1,373	10,472	9,974	9,855	9,959	9,998	9,692	8,882
Total Liabilities & Shareholders' Equity	48,415	51,274	52,785	60,580	59,995	62,008	66,467	64,716	63,058	61,783
Total Liabilities	42,780	47,489	53,565	60,749	60,113	68,875	73,807	70,515	68,260	65,760
Total Current Liabilities	13,605	13,872	15,358	18,096	18,311	16,569	19,006	21,496	22,062	24,295
Short-Term Debt	2,231	1,855	2,554	3,294	2,861	2,797	2,489	3,274	3,632	5,322
Accounts Payable	1,563	1,592	1,688	1,773	2,062	1,196	1,772	2,149	2,353	2,455
Accrued Expenses	2,334	2,208	2,281	2,342	2,138	2,419	2,766	2,981	2,738	2,961
Current Deferred Revenue	-	-	7,163	7,606	8,001	6,790	8,983	9,914	9,653	10,315
Current Employee Benefit Liabilities	1,205	1,516	1,672	1,427	1,541	1,716	1,489	1,713	2,377	2,150
Other Current Liabilities	6,272	6,701	0.00	1,654	1,708	1,651	1,507	1,465	1,309	1,092
Total Noncurrent Liabilities	29,175	33,617	38,207	42,653	41,802	52,306	54,801	49,019	46,198	41,465
Long-Term Debt	18,330	22,489	22,511	21,179	21,454	29,796	35,571	32,389	29,270	25,154
Noncurrent Employee Benefit Liabilities	7,450	7,842	7,497	6,907	6,052	7,069	5,053	2,837	3,044	2,128
Other Noncurrent Operating Liabilities	2,728	3,286	8,199	14,567	14,296	15,441	14,177	13,793	13,884	14,183
Commitments & Contingencies	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,635	3,785	-780	-169	-118	-6,867	-7,340	-5,799	-5,202	-3,977
Total Preferred & Common Equity	5,635	3,785	-780	-169	-118	-6,867	-7,340	-5,799	-5,202	-3,977
Total Common Equity	5,635	3,785	-780	-169	-118	-6,867	-7,340	-5,799	-5,202	-3,977
Common Stock	11,597	7,228	5,719	4,969	3,949	6,900	7,240	7,297	7,381	7,431
Retained Earnings	-1,230	1,640	-1,345	758	2,264	-6,664	-8,638	-8,511	-7,689	-6,843
Accumulated Other Comprehensive Income / (Loss)	-4,732	-5,083	-5,154	-5,896	-6,331	-7,103	-5,942	-4,585	-4,894	-4,565

This table presents American Airlines Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	66,652	64,716	66,786	67,260	65,711	63,058	64,384	64,125	63,528	61,783
Total Current Assets	17,377	15,269	17,652	18,220	16,708	13,572	14,542	14,795	14,456	13,154
Cash & Equivalents	332	440	452	614	577	578	604	605	834	804
Restricted Cash	953	995	955	984	925	910	895	875	752	732
Short-Term Investments	10,900	8,525	11,041	11,447	10,005	7,000	7,696	7,841	7,638	6,180
Accounts Receivable	1,991	2,138	1,989	2,073	2,021	2,026	2,070	2,067	1,820	2,006
Inventories, net	2,215	2,279	2,308	2,280	2,461	2,400	2,500	2,575	2,582	2,638
Prepaid Expenses	986	892	907	822	719	658	777	832	830	794
Plant, Property, & Equipment, net	29,987	30,200	30,144	30,271	30,318	30,764	31,157	31,044	30,846	31,127
Plant, Property & Equipment, gross	49,493	50,229	50,690	51,333	51,889	52,861	53,597	54,002	54,313	54,735
Accumulated Depreciation	19,506	20,029	20,546	21,062	21,571	22,097	22,440	22,958	23,467	23,608
Total Noncurrent Assets	19,288	19,247	18,990	18,769	18,685	18,722	18,685	18,286	18,226	17,502
Goodwill	4,091	4,091	4,091	4,091	4,091	4,091	4,091	4,091	4,091	4,091
Intangible Assets	2,069	2,059	2,057	2,055	2,053	2,051	2,049	2,047	2,046	2,044
Noncurrent Deferred & Refundable Income Taxes	3,679	3,099	3,088	2,660	2,875	2,888	2,986	2,668	2,768	2,485
Other Noncurrent Operating Assets	9,449	9,998	9,754	9,963	9,666	9,692	9,559	9,480	9,321	8,882
Total Liabilities & Shareholders' Equity	66,652	64,716	66,786	67,260	65,711	63,058	64,384	64,125	63,528	61,783
Total Liabilities	74,545	70,515	72,557	71,645	70,847	68,260	69,884	68,871	68,382	65,760
Total Current Liabilities	21,970	21,496	24,590	24,316	24,380	22,062	24,993	24,610	25,532	24,295
Short-Term Debt	2,749	3,274	3,579	3,874	3,767	3,632	4,102	4,120	5,384	5,322
Accounts Payable	2,117	2,149	2,455	2,406	2,123	2,353	2,927	3,016	2,623	2,455
Accrued Expenses	2,808	2,981	2,769	2,860	2,677	2,738	2,821	2,849	2,733	2,961
Current Deferred Revenue	11,167	9,914	12,539	12,022	11,164	9,653	12,144	11,649	11,135	10,315
Current Employee Benefit Liabilities	1,662	1,713	1,809	1,723	3,262	2,377	1,726	1,767	2,484	2,150
Other Current Liabilities	1,467	1,465	1,439	1,431	1,387	1,309	1,273	1,209	1,173	1,092
Total Noncurrent Liabilities	52,575	49,019	47,967	47,329	46,467	46,198	44,891	44,261	42,850	41,465
Long-Term Debt	34,185	32,389	31,586	30,772	29,722	29,270	28,228	27,636	26,268	25,154
Noncurrent Employee Benefit Liabilities	4,601	2,837	2,737	2,694	2,929	3,044	2,709	2,652	2,568	2,128
Other Noncurrent Operating Liabilities	13,789	13,793	13,644	13,863	13,816	13,884	13,954	13,973	14,014	14,183
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-7,893	-5,799	-5,771	-4,385	-5,136	-5,202	-5,500	-4,746	-4,854	-3,977
Total Preferred & Common Equity	-7,893	-5,799	-5,771	-4,385	-5,136	-5,202	-5,500	-4,746	-4,854	-3,977
Total Common Equity	-7,893	-5,799	-5,771	-4,385	-5,136	-5,202	-5,500	-4,746	-4,854	-3,977
Common Stock	7,283	7,297	7,297	7,328	7,360	7,381	7,378	7,396	7,414	7,431
Retained Earnings	-9,314	-8,511	-8,501	-7,163	-7,708	-7,689	-8,001	-7,284	-7,433	-6,843
Accumulated Other Comprehensive Income / (Loss)	-5,862	-4,585	-4,567	-4,550	-4,788	-4,894	-4,877	-4,858	-4,835	-4,565

This table displays calculated financial ratios and metrics derived from American Airlines Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.89%	-2.07%	6.18%	4.50%	2.75%	-62.12%	72.36%	63.88%	7.79%	2.70%
EBITDA Growth	28.35%	-2.38%	-10.67%	-17.75%	11.26%	-242.49%	119.87%	169.60%	16.52%	-1.30%
EBIT Growth	34.14%	-6.91%	-14.29%	-35.19%	14.25%	-418.46%	92.54%	352.22%	38.46%	-2.06%
NOPAT Growth	168.28%	-69.21%	-49.27%	24.59%	15.07%	-418.46%	89.84%	248.02%	102.76%	-13.86%
Net Income Growth	164.05%	-66.04%	-50.39%	10.14%	19.41%	-626.99%	77.57%	106.37%	547.24%	2.92%
EPS Growth	181.68%	-57.99%	-43.87%	16.09%	25.08%	-584.43%	83.17%	106.15%	536.84%	2.48%
Operating Cash Flow Growth	102.89%	4.40%	-172.72%	174.47%	7.98%	-271.51%	110.76%	208.66%	75.01%	4.73%
Free Cash Flow Firm Growth	-190.71%	244.03%	-74.86%	-60.78%	-2.26%	-463.50%	103.99%	-808.86%	293.45%	-19.59%
Invested Capital Growth	167.63%	-36.38%	-10.56%	2.59%	4.24%	-9.70%	-5.23%	15.06%	-3.48%	-2.23%
Revenue Q/Q Growth	-1.28%	0.30%	2.06%	0.74%	0.83%	-19.17%	8.05%	8.32%	-0.24%	1.12%
EBITDA Q/Q Growth	-2.43%	5.33%	1.88%	7.00%	11.22%	-83.40%	127.70%	130.14%	-12.61%	28.81%
EBIT Q/Q Growth	-5.42%	2.50%	1.47%	-0.77%	6.02%	-138.43%	86.48%	943.67%	-27.59%	39.81%
NOPAT Q/Q Growth	71.00%	-59.77%	-37.41%	175.19%	2.53%	-142.01%	81.31%	381.93%	-22.61%	27.23%
Net Income Q/Q Growth	54.52%	-54.41%	-37.83%	180.16%	5.57%	-128.17%	64.66%	107.90%	-48.82%	207.64%
EPS Q/Q Growth	57.47%	-48.84%	-38.00%	156.78%	7.06%	-32.47%	41.25%	107.45%	-49.79%	181.82%
Operating Cash Flow Q/Q Growth	-51.85%	62.41%	-249.89%	139.03%	1,099.69%	-295.31%	173.41%	281.08%	75.01%	4.73%
Free Cash Flow Firm Q/Q Growth	-209.58%	202.84%	-57.48%	-87.95%	8.14%	-277.49%	117.72%	2.36%	1.10%	201.40%
Invested Capital Q/Q Growth	125.34%	-43.47%	-38.89%	1.04%	0.73%	-1.15%	10.18%	18.08%	14.04%	6.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.32%	37.42%	34.81%	30.96%	34.49%	-18.35%	15.61%	28.07%	31.59%	30.79%
EBITDA Margin	16.94%	16.89%	14.21%	11.18%	12.11%	-45.55%	5.25%	8.64%	9.34%	8.97%
Operating Margin	15.14%	12.61%	9.93%	5.96%	6.70%	-60.11%	-3.54%	3.28%	5.75%	4.82%
EBIT Margin	13.31%	12.66%	10.22%	6.34%	7.04%	-59.22%	-2.56%	3.95%	5.07%	4.83%
Profit (Net Income) Margin	18.57%	6.44%	3.01%	3.17%	3.68%	-51.25%	-6.67%	0.26%	1.56%	1.56%
Tax Burden Percent	164.86%	62.24%	37.76%	74.95%	74.73%	77.58%	78.22%	68.28%	73.33%	73.31%
Interest Burden Percent	84.59%	81.73%	77.97%	66.76%	69.98%	111.55%	332.64%	9.63%	41.91%	44.05%
Effective Tax Rate	-64.86%	37.76%	62.24%	25.05%	25.27%	0.00%	0.00%	31.72%	26.67%	26.69%
Return on Invested Capital (ROIC)	44.83%	11.59%	7.98%	10.40%	11.57%	-37.93%	-4.17%	5.90%	11.38%	10.09%
ROIC Less NNEP Spread (ROIC-NNEP)	31.04%	9.07%	6.28%	7.45%	8.54%	-44.93%	-9.20%	2.04%	5.78%	5.55%
Return on Net Nonoperating Assets (RNNOA)	153.96%	43.27%	77.34%	-307.97%	-1,186.48%	292.33%	32.23%	-7.83%	-26.32%	-28.52%
Return on Equity (ROE)	198.80%	54.86%	85.32%	-297.58%	-1,174.91%	254.40%	28.06%	-1.93%	-14.94%	-18.43%
Cash Return on Invested Capital (CROIC)	-46.36%	56.06%	19.13%	7.84%	7.41%	-27.74%	1.20%	-8.11%	14.91%	12.35%
Operating Return on Assets (OROA)	11.91%	10.19%	8.37%	4.98%	5.35%	-16.83%	-1.19%	2.95%	4.19%	4.20%
Return on Assets (ROA)	16.61%	5.18%	2.46%	2.49%	2.80%	-14.57%	-3.10%	0.19%	1.29%	1.36%
Return on Common Equity (ROCE)	198.80%	54.86%	85.32%	-297.58%	-1,174.91%	254.40%	28.06%	-1.93%	-14.94%	-18.43%
Return on Equity Simple (ROE_SIMPLE)	135.05%	68.27%	-164.36%	-835.50%	-1,428.81%	129.39%	27.15%	-2.19%	-15.80%	-21.27%
Net Operating Profit after Tax (NOPAT)	10,228	3,149	1,598	1,991	2,291	-7,295	-741	1,097	2,225	1,916
NOPAT Margin	24.95%	7.84%	3.75%	4.47%	5.00%	-42.08%	-2.48%	2.24%	4.21%	3.53%
Net Nonoperating Expense Percent (NNEP)	13.79%	2.52%	1.71%	2.95%	3.03%	7.00%	5.03%	3.85%	5.60%	4.54%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	3.67%	8.03%	7.23%
Cost of Revenue to Revenue	60.68%	62.58%	65.19%	69.04%	65.51%	118.35%	84.39%	71.93%	68.41%	69.21%
SG&A Expenses to Revenue	10.67%	11.54%	11.52%	11.42%	11.86%	18.38%	13.37%	11.07%	11.38%	11.86%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.19%	24.82%	24.89%	25.00%	27.79%	41.75%	19.16%	24.78%	25.84%	25.97%
Earnings before Interest and Taxes (EBIT)	5,457	5,080	4,354	2,822	3,224	-10,267	-766	1,932	2,675	2,620
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,944	6,779	6,056	4,981	5,542	-7,897	1,569	4,230	4,929	4,865
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.53	6.18	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.62	0.58	0.57	0.33	0.27	0.46	0.39	0.17	0.17	0.21
Price to Earnings (P/E)	3.35	9.05	18.93	10.31	7.42	0.00	0.00	65.09	10.92	13.54
Dividend Yield	0.99%	0.89%	0.79%	1.27%	1.40%	2.54%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	29.83%	11.05%	5.28%	9.70%	13.47%	0.00%	0.00%	1.54%	9.15%	7.39%
Enterprise Value to Invested Capital (EV/IC)	1.18	1.93	2.33	1.76	1.63	1.82	2.10	1.71	1.74	1.82
Enterprise Value to Revenue (EV/Rev)	0.95	1.01	1.03	0.77	0.72	1.91	1.21	0.69	0.63	0.63
Enterprise Value to EBITDA (EV/EBITDA)	5.63	6.01	7.26	6.85	5.93	0.00	23.12	8.03	6.77	7.03
Enterprise Value to EBIT (EV/EBIT)	7.17	8.02	10.09	12.09	10.19	0.00	0.00	17.58	12.48	13.06
Enterprise Value to NOPAT (EV/NOPAT)	3.83	12.93	27.51	17.14	14.34	0.00	0.00	30.96	15.01	17.85
Enterprise Value to Operating Cash Flow (EV/OCF)	6.26	6.24	0.00	9.66	8.61	0.00	51.52	15.63	8.78	8.59
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	2.67	11.48	22.72	22.38	0.00	170.51	0.00	11.45	14.59
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.65	6.43	-32.13	-144.81	-206.06	-4.75	-5.19	-6.15	-6.32	-7.66
Long-Term Debt to Equity	3.25	5.94	-28.86	-125.32	-181.81	-4.34	-4.85	-5.59	-5.63	-6.32
Financial Leverage	4.96	4.77	12.32	-41.35	-138.99	-6.51	-3.50	-3.83	-4.56	-5.14
Leverage Ratio	11.97	10.58	34.63	-119.46	-420.12	-17.47	-9.04	-9.98	-11.61	-13.60
Compound Leverage Factor	10.13	8.65	27.00	-79.75	-293.98	-19.48	-30.08	-0.96	-4.87	-5.99
Debt to Total Capital	78.49%	86.54%	103.21%	100.70%	100.49%	126.69%	123.89%	119.42%	118.78%	115.01%
Short-Term Debt to Total Capital	8.52%	6.59%	10.52%	13.55%	11.82%	10.87%	8.10%	10.96%	13.11%	20.08%
Long-Term Debt to Total Capital	69.97%	79.95%	92.70%	87.14%	88.66%	115.82%	115.79%	108.46%	105.67%	94.92%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	21.51%	13.46%	-3.21%	-0.70%	-0.49%	-26.69%	-23.89%	-19.42%	-18.78%	-15.01%
Debt to EBITDA	2.96	3.59	4.14	4.91	4.39	-4.13	24.26	8.43	6.68	6.26
Net Debt to EBITDA	1.96	2.56	3.25	3.93	3.67	-3.18	15.70	6.08	4.95	4.68
Long-Term Debt to EBITDA	2.64	3.32	3.72	4.25	3.87	-3.77	22.67	7.66	5.94	5.17
Debt to NOPAT	2.01	7.73	15.69	12.29	10.62	-4.47	-51.34	32.50	14.79	15.90
Net Debt to NOPAT	1.33	5.51	12.32	9.83	8.88	-3.44	-33.24	23.42	10.97	11.88
Long-Term Debt to NOPAT	1.79	7.14	14.09	10.64	9.37	-4.08	-47.98	29.52	13.16	13.13
Altman Z-Score	1.45	1.37	1.17	0.86	0.92	-0.45	0.29	0.63	0.72	0.75
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.73	0.74	0.60	0.48	0.45	0.67	0.91	0.71	0.62	0.54
Quick Ratio	0.56	0.57	0.44	0.36	0.30	0.50	0.73	0.52	0.44	0.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-10,576	15,232	3,829	1,502	1,468	-5,335	213	-1,508	2,917	2,345
Operating Cash Flow to CapEx	102.17%	116.38%	-80.72%	97.22%	90.53%	-407.16%	338.46%	85.35%	146.49%	148.45%
Free Cash Flow to Firm to Interest Expense	-12.02	15.37	3.64	1.42	1.34	-4.35	0.12	-0.77	1.36	1.21
Operating Cash Flow to Interest Expense	7.10	6.58	-4.51	3.35	3.48	-5.33	0.39	1.11	1.77	2.06
Operating Cash Flow Less CapEx to Interest Expense	0.15	0.93	-10.09	-0.10	-0.36	-6.64	0.28	-0.19	0.56	0.67
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.89	0.81	0.82	0.79	0.76	0.28	0.47	0.75	0.83	0.87
Accounts Receivable Turnover	25.65	26.59	25.48	25.76	26.49	11.21	20.99	26.89	25.35	26.89
Inventory Turnover	26.64	25.67	22.65	21.35	17.78	11.84	14.79	17.29	15.44	14.89
Fixed Asset Turnover	1.62	1.37	1.31	1.31	1.32	0.52	0.98	1.64	1.73	1.75
Accounts Payable Turnover	16.92	15.92	16.94	17.77	15.64	12.60	16.99	17.97	16.04	15.61
Days Sales Outstanding (DSO)	14.23	13.73	14.33	14.17	13.78	32.55	17.39	13.58	14.40	13.57
Days Inventory Outstanding (DIO)	13.70	14.22	16.11	17.10	20.53	30.82	24.67	21.11	23.65	24.51
Days Payable Outstanding (DPO)	21.57	22.92	21.54	20.54	23.34	28.98	21.48	20.31	22.75	23.39
Cash Conversion Cycle (CCC)	6.36	5.02	8.89	10.73	10.97	34.39	20.58	14.37	15.29	14.69
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	33,215	21,132	18,901	19,390	20,213	18,253	17,299	19,904	19,212	18,783
Invested Capital Turnover	1.80	1.48	2.13	2.33	2.31	0.90	1.68	2.63	2.70	2.85
Increase / (Decrease) in Invested Capital	20,804	-12,083	-2,231	489	823	-1,960	-954	2,605	-692	-429
Enterprise Value (EV)	39,122	40,724	43,947	34,113	32,848	33,141	36,268	33,970	33,394	34,214
Market Capitalization	25,510	23,377	24,266	14,554	12,517	8,021	11,629	8,267	8,980	11,454
Book Value per Share	$8.94	$7.31	($1.63)	($0.37)	($0.27)	($13.50)	($11.34)	($8.92)	($7.96)	($6.05)
Tangible Book Value per Share	($1.12)	($4.78)	($14.78)	($13.89)	($14.37)	($25.53)	($20.72)	($18.39)	($17.36)	($15.39)
Total Capital	26,196	28,129	24,285	24,304	24,197	25,726	30,720	29,864	27,700	26,499
Total Debt	20,561	24,344	25,065	24,473	24,315	32,593	38,060	35,663	32,902	30,476
Total Long-Term Debt	18,330	22,489	22,511	21,179	21,454	29,796	35,571	32,389	29,270	25,154
Net Debt	13,612	17,347	19,681	19,559	20,331	25,120	24,639	25,703	24,414	22,760
Capital Expenditures (CapEx)	6,116	5,606	5,877	3,634	4,214	1,607	208	2,546	2,596	2,683
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8,338	-8,690	-9,042	-11,079	-11,228	-10,150	-12,602	-12,913	-13,346	-13,535
Debt-free Net Working Capital (DFNWC)	-1,389	-1,693	-3,658	-6,165	-7,244	-2,677	819	-2,953	-4,858	-5,819
Net Working Capital (NWC)	-3,620	-3,548	-6,212	-9,459	-10,105	-5,474	-1,670	-6,227	-8,490	-11,141
Net Nonoperating Expense (NNE)	2,618	565	316	579	605	1,590	1,252	970	1,403	1,070
Net Nonoperating Obligations (NNO)	27,580	17,347	19,681	19,559	20,331	25,120	24,639	25,703	24,414	22,760
Total Depreciation and Amortization (D&A)	1,487	1,699	1,702	2,159	2,318	2,370	2,335	2,298	2,254	2,245
Debt-free, Cash-free Net Working Capital to Revenue	-20.34%	-21.65%	-21.21%	-24.87%	-24.53%	-58.55%	-42.17%	-26.37%	-25.28%	-24.97%
Debt-free Net Working Capital to Revenue	-3.39%	-4.22%	-8.58%	-13.84%	-15.83%	-15.44%	2.74%	-6.03%	-9.20%	-10.73%
Net Working Capital to Revenue	-8.83%	-8.84%	-14.57%	-21.24%	-22.08%	-31.57%	-5.59%	-12.72%	-16.08%	-20.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$11.39	$4.85	$3.92	$3.04	$3.80	($18.36)	($3.09)	$0.20	$1.26	$1.29
Adjusted Weighted Average Basic Shares Outstanding	668.39M	552.31M	489.16M	464.24M	443.36M	483.89M	644.02M	650.35M	653.61M	657.00M
Adjusted Diluted Earnings per Share	$11.07	$4.81	$3.90	$3.03	$3.79	($18.36)	($3.09)	$0.19	$1.21	$1.24
Adjusted Weighted Average Diluted Shares Outstanding	687.36M	556.10M	491.69M	465.66M	444.27M	483.89M	644.02M	655.12M	719.67M	721.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.80	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	603.02M	504.16M	473.14M	449.06M	426.06M	639.68M	649.16M	651.43M	654.76M	657.58M
Normalized Net Operating Profit after Tax (NOPAT)	5,079	3,590	2,962	2,580	2,765	-7,755	-3,546	1,229	2,937	2,364
Normalized NOPAT Margin	12.39%	8.94%	6.95%	5.79%	6.04%	-44.73%	-11.87%	2.51%	5.56%	4.36%
Pre Tax Income Margin	11.26%	10.34%	7.97%	4.23%	4.93%	-66.06%	-8.53%	0.38%	2.12%	2.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.20	5.13	4.13	2.67	2.94	-8.37	-0.43	0.98	1.25	1.35
NOPAT to Interest Expense	11.62	3.18	1.52	1.89	2.09	-5.95	-0.41	0.56	1.04	0.99
EBIT Less CapEx to Interest Expense	-0.75	-0.53	-1.45	-0.77	-0.90	-9.68	-0.54	-0.31	0.04	-0.03
NOPAT Less CapEx to Interest Expense	4.67	-2.48	-4.06	-1.56	-1.76	-7.25	-0.53	-0.74	-0.17	-0.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.65%	8.67%	15.44%	13.17%	10.56%	-0.48%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	54.19%	182.82%	141.42%	72.45%	75.62%	-2.43%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from American Airlines Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	50.09%	39.90%	36.97%	4.72%	0.15%	-0.96%	3.13%	1.99%	1.22%	4.58%
EBITDA Growth	36.39%	1,408.84%	180.60%	70.25%	-89.48%	-53.48%	-52.51%	-29.33%	253.01%	85.92%
EBIT Growth	60.56%	297.25%	126.49%	106.24%	-129.53%	-71.06%	-107.87%	-35.50%	133.33%	179.76%
NOPAT Growth	39.85%	301.18%	121.36%	104.48%	-122.87%	-63.40%	-98.10%	-41.20%	139.91%	109.32%
Net Income Growth	185.80%	186.25%	100.61%	181.09%	-212.84%	-97.63%	-3,220.00%	-46.41%	72.66%	3,005.26%
EPS Growth	176.00%	195.71%	100.79%	176.47%	-220.29%	-89.55%	-2,500.00%	-46.28%	72.29%	571.43%
Operating Cash Flow Growth	0.00%	281.08%	-100.00%	0.00%	0.00%	75.01%	0.00%	0.00%	0.00%	4.73%
Free Cash Flow Firm Growth	-114.52%	-469.25%	-635.92%	52.62%	69.07%	172.62%	43.99%	210.28%	-355.65%	16.13%
Invested Capital Growth	7.36%	15.06%	9.56%	13.80%	-0.06%	-3.48%	4.07%	2.75%	4.32%	-2.23%
Revenue Q/Q Growth	0.30%	-2.04%	-7.58%	15.31%	-4.08%	-3.12%	-3.77%	14.03%	-4.79%	0.10%
EBITDA Q/Q Growth	2.07%	21.93%	-52.29%	186.71%	-93.69%	439.16%	-51.28%	326.61%	-68.49%	183.96%
EBIT Q/Q Growth	4.32%	31.92%	-69.87%	397.45%	-114.94%	229.28%	-108.19%	4,176.47%	-92.28%	985.05%
NOPAT Q/Q Growth	-14.97%	60.91%	-76.54%	537.14%	-109.51%	357.57%	-98.78%	19,599.99%	-93.55%	1,250.86%
Net Income Q/Q Growth	1.47%	66.25%	-98.75%	13,280.00%	-140.73%	103.49%	-1,742.11%	329.81%	-120.78%	495.97%
EPS Q/Q Growth	1.47%	94.20%	-98.51%	9,300.00%	-144.15%	116.87%	-442.86%	310.42%	-122.77%	508.70%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-100.00%	0.00%	0.00%	0.00%	-100.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	49.87%	-218.95%	18.93%	63.45%	67.27%	848.85%	-162.53%	171.96%	-235.22%	290.86%
Invested Capital Q/Q Growth	11.42%	18.08%	-14.86%	1.59%	-2.15%	14.04%	-8.21%	0.31%	-0.65%	6.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.90%	33.33%	29.07%	38.36%	29.07%	29.25%	26.33%	33.40%	30.18%	32.77%
EBITDA Margin	11.72%	14.59%	7.53%	18.73%	1.23%	6.85%	3.47%	12.98%	4.29%	12.18%
Operating Margin	6.91%	10.49%	3.59%	15.39%	-1.65%	5.02%	0.06%	9.66%	0.65%	8.30%
EBIT Margin	8.07%	10.87%	3.54%	15.29%	-2.38%	3.18%	-0.27%	9.67%	0.78%	8.50%
Profit (Net Income) Margin	3.59%	6.09%	0.08%	9.52%	-4.04%	0.15%	-2.48%	5.00%	-1.09%	4.32%
Tax Burden Percent	73.40%	79.43%	58.82%	75.89%	78.99%	61.29%	75.54%	69.75%	58.20%	74.21%
Interest Burden Percent	60.53%	70.50%	3.94%	82.04%	214.95%	7.47%	1,214.71%	74.17%	-239.25%	68.48%
Effective Tax Rate	26.60%	20.57%	41.18%	24.11%	0.00%	38.71%	0.00%	30.25%	0.00%	25.79%
Return on Invested Capital (ROIC)	14.08%	21.93%	6.82%	38.20%	-3.64%	8.31%	0.12%	20.62%	1.42%	17.58%
ROIC Less NNEP Spread (ROIC-NNEP)	13.25%	20.75%	5.77%	36.86%	-5.30%	6.78%	-1.26%	19.50%	0.47%	16.51%
Return on Net Nonoperating Assets (RNNOA)	-41.39%	-79.52%	-18.47%	-129.94%	19.01%	-30.88%	5.14%	-94.02%	-2.09%	-84.87%
Return on Equity (ROE)	-27.31%	-57.59%	-11.65%	-91.74%	15.37%	-22.58%	5.26%	-73.40%	-0.67%	-67.29%
Cash Return on Invested Capital (CROIC)	-9.49%	-8.11%	8.87%	10.29%	17.12%	14.91%	6.91%	4.61%	4.52%	12.35%
Operating Return on Assets (OROA)	5.40%	8.12%	2.76%	11.96%	-1.90%	2.63%	-0.22%	7.87%	0.65%	7.38%
Return on Assets (ROA)	2.40%	4.55%	0.06%	7.45%	-3.23%	0.12%	-2.01%	4.07%	-0.91%	3.75%
Return on Common Equity (ROCE)	-27.31%	-57.59%	-11.65%	-91.74%	15.37%	-22.58%	5.26%	-73.40%	-0.67%	-67.29%
Return on Equity Simple (ROE_SIMPLE)	20.36%	0.00%	-30.71%	-60.07%	-31.27%	0.00%	-9.09%	2.55%	-5.67%	0.00%
Net Operating Profit after Tax (NOPAT)	683	1,098	258	1,642	-156	402	4.90	965	62	842
NOPAT Margin	5.07%	8.33%	2.11%	11.68%	-1.16%	3.08%	0.04%	6.73%	0.46%	6.16%
Net Nonoperating Expense Percent (NNEP)	0.83%	1.17%	1.05%	1.34%	1.66%	1.53%	1.38%	1.13%	0.95%	1.07%
Return On Investment Capital (ROIC_SIMPLE)	-	3.68%	-	-	-	1.45%	-	-	-	3.18%
Cost of Revenue to Revenue	70.10%	66.67%	70.93%	61.64%	70.93%	70.75%	73.67%	66.60%	69.82%	67.23%
SG&A Expenses to Revenue	10.12%	10.51%	11.98%	10.64%	11.36%	11.64%	12.22%	11.44%	12.22%	11.60%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.99%	22.84%	25.47%	22.97%	30.72%	24.22%	26.28%	23.75%	29.53%	24.47%
Earnings before Interest and Taxes (EBIT)	1,087	1,434	432	2,149	-321	415	-34	1,386	107	1,161
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,578	1,924	918	2,632	166	895	436	1,860	586	1,664
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.17	0.17	0.18	0.22	0.16	0.17	0.19	0.14	0.14	0.21
Price to Earnings (P/E)	0.00	65.09	5.42	4.45	5.21	10.92	20.06	0.00	26.84	13.54
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	1.54%	18.44%	22.49%	19.19%	9.15%	4.98%	0.00%	3.73%	7.39%
Enterprise Value to Invested Capital (EV/IC)	1.93	1.71	1.91	1.94	1.80	1.74	1.88	1.69	1.70	1.82
Enterprise Value to Revenue (EV/Rev)	0.72	0.69	0.62	0.63	0.57	0.63	0.62	0.56	0.56	0.63
Enterprise Value to EBITDA (EV/EBITDA)	17.72	8.03	5.42	4.72	5.38	6.77	8.03	8.90	7.89	7.03
Enterprise Value to EBIT (EV/EBIT)	0.00	17.58	8.09	6.53	8.22	12.48	15.01	20.66	15.91	13.06
Enterprise Value to NOPAT (EV/NOPAT)	0.00	30.96	11.08	8.88	10.56	15.01	17.61	23.39	19.79	17.85
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	15.63	32.72	15.33	13.97	8.78	8.72	7.85	7.84	8.59
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	22.48	20.01	10.52	11.45	27.77	37.16	38.31	14.59
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-4.68	-6.15	-6.09	-7.90	-6.52	-6.32	-5.88	-6.69	-6.52	-7.66
Long-Term Debt to Equity	-4.33	-5.59	-5.47	-7.02	-5.79	-5.63	-5.13	-5.82	-5.41	-6.32
Financial Leverage	-3.12	-3.83	-3.20	-3.53	-3.59	-4.56	-4.07	-4.82	-4.45	-5.14
Leverage Ratio	-8.81	-9.98	-9.12	-10.56	-10.16	-11.61	-11.64	-14.39	-12.94	-13.60
Compound Leverage Factor	-5.33	-7.04	-0.36	-8.66	-21.84	-0.87	-141.37	-10.67	30.95	-9.31
Debt to Total Capital	127.18%	119.42%	119.63%	114.49%	118.11%	118.78%	120.50%	117.57%	118.11%	115.01%
Short-Term Debt to Total Capital	9.47%	10.96%	12.18%	12.80%	13.29%	13.11%	15.29%	15.25%	20.09%	20.08%
Long-Term Debt to Total Capital	117.71%	108.46%	107.46%	101.69%	104.83%	105.67%	105.21%	102.32%	98.02%	94.92%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-27.18%	-19.42%	-19.63%	-14.49%	-18.11%	-18.78%	-20.50%	-17.57%	-18.11%	-15.01%
Debt to EBITDA	20.09	8.43	5.89	4.91	5.94	6.68	7.83	9.46	8.38	6.26
Net Debt to EBITDA	13.47	6.08	3.81	3.06	3.90	4.95	5.60	6.68	5.94	4.68
Long-Term Debt to EBITDA	18.60	7.66	5.29	4.36	5.27	5.94	6.84	8.23	6.95	5.17
Debt to NOPAT	-94.90	32.50	12.06	9.23	11.65	14.79	17.16	24.87	21.02	15.90
Net Debt to NOPAT	-63.59	23.42	7.79	5.76	7.65	10.97	12.28	17.57	14.89	11.88
Long-Term Debt to NOPAT	-87.83	29.52	10.83	8.20	10.34	13.16	14.99	21.64	17.44	13.13
Altman Z-Score	0.52	0.60	0.58	0.73	0.56	0.61	0.54	0.63	0.54	0.67
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.79	0.71	0.72	0.75	0.69	0.62	0.58	0.60	0.57	0.54
Quick Ratio	0.60	0.52	0.55	0.58	0.52	0.44	0.41	0.43	0.40	0.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-472	-1,507	-1,221	-446	-146	1,094	-684	492	-666	1,271
Operating Cash Flow to CapEx	0.00%	316.76%	0.00%	0.00%	0.00%	451.13%	0.00%	0.00%	0.00%	538.24%
Free Cash Flow to Firm to Interest Expense	-0.95	-2.83	-2.26	-0.81	-0.27	2.10	-1.38	1.01	-1.39	2.70
Operating Cash Flow to Interest Expense	0.00	4.08	0.00	0.00	0.00	7.31	0.00	0.00	0.00	8.46
Operating Cash Flow Less CapEx to Interest Expense	0.00	2.80	-0.94	0.00	0.00	5.69	-1.66	0.00	0.00	6.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.75	0.78	0.78	0.80	0.83	0.81	0.81	0.83	0.87
Accounts Receivable Turnover	27.21	26.89	29.64	27.07	26.38	25.35	26.20	25.82	27.92	26.89
Inventory Turnover	16.65	17.29	16.80	15.61	15.25	15.44	15.28	15.49	14.90	14.89
Fixed Asset Turnover	1.51	1.64	1.74	1.76	1.75	1.73	1.73	1.74	1.75	1.75
Accounts Payable Turnover	17.13	17.97	14.48	13.83	16.82	16.04	13.65	13.87	15.83	15.61
Days Sales Outstanding (DSO)	13.41	13.58	12.31	13.48	13.84	14.40	13.93	14.14	13.07	13.57
Days Inventory Outstanding (DIO)	21.92	21.11	21.73	23.38	23.93	23.65	23.89	23.56	24.49	24.51
Days Payable Outstanding (DPO)	21.31	20.31	25.22	26.39	21.70	22.75	26.74	26.31	23.05	23.39
Cash Conversion Cycle (CCC)	14.03	14.37	8.83	10.47	16.07	15.29	11.08	11.38	14.52	14.69
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	16,856	19,904	16,946	17,216	16,846	19,212	17,635	17,689	17,574	18,783
Invested Capital Turnover	2.78	2.63	3.22	3.27	3.14	2.70	3.08	3.06	3.12	2.85
Increase / (Decrease) in Invested Capital	1,155	2,605	1,479	2,088	-10	-692	689	473	728	-429
Enterprise Value (EV)	32,573	33,970	32,326	33,313	30,352	33,394	33,167	29,869	29,809	34,214
Market Capitalization	7,824	8,267	9,609	11,712	8,370	8,980	10,032	7,434	7,381	11,454
Book Value per Share	($12.15)	($8.92)	($8.86)	($6.72)	($7.86)	($7.96)	($8.39)	($7.23)	($7.39)	($6.05)
Tangible Book Value per Share	($21.63)	($18.39)	($18.30)	($16.13)	($17.26)	($17.36)	($17.75)	($16.59)	($16.74)	($15.39)
Total Capital	29,041	29,864	29,394	30,261	28,353	27,700	26,830	27,010	26,798	26,499
Total Debt	36,934	35,663	35,165	34,646	33,489	32,902	32,330	31,756	31,652	30,476
Total Long-Term Debt	34,185	32,389	31,586	30,772	29,722	29,270	28,228	27,636	26,268	25,154
Net Debt	24,749	25,703	22,717	21,601	21,982	24,414	23,135	22,435	22,428	22,760
Capital Expenditures (CapEx)	391	686	505	739	473	843	824	651	223	740
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-14,029	-12,913	-15,807	-15,267	-15,412	-13,346	-15,544	-15,016	-14,916	-13,535
Debt-free Net Working Capital (DFNWC)	-1,844	-2,953	-3,359	-2,222	-3,905	-4,858	-6,349	-5,695	-5,692	-5,819
Net Working Capital (NWC)	-4,593	-6,227	-6,938	-6,096	-7,672	-8,490	-10,451	-9,815	-11,076	-11,141
Net Nonoperating Expense (NNE)	200	295	248	304	389	383	317	248	211	252
Net Nonoperating Obligations (NNO)	24,749	25,703	22,717	21,601	21,982	24,414	23,135	22,435	22,428	22,760
Total Depreciation and Amortization (D&A)	491	490	486	483	487	480	470	474	479	503
Debt-free, Cash-free Net Working Capital to Revenue	-31.03%	-26.37%	-30.25%	-28.86%	-29.13%	-25.28%	-29.24%	-28.09%	-27.82%	-24.97%
Debt-free Net Working Capital to Revenue	-4.08%	-6.03%	-6.43%	-4.20%	-7.38%	-9.20%	-11.94%	-10.66%	-10.62%	-10.73%
Net Working Capital to Revenue	-10.16%	-12.72%	-13.28%	-11.52%	-14.50%	-16.08%	-19.66%	-18.36%	-20.66%	-20.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.74	$1.25	$0.02	$2.05	($0.83)	$0.02	($0.48)	$1.09	($0.23)	$0.91
Adjusted Weighted Average Basic Shares Outstanding	650.59M	650.35M	652M	653.60M	654.12M	653.61M	655.85M	656.97M	657.42M	657.00M
Adjusted Diluted Earnings per Share	$0.69	$1.34	$0.02	$1.88	($0.83)	$0.14	($0.48)	$1.01	($0.23)	$0.94
Adjusted Weighted Average Diluted Shares Outstanding	715.99M	655.12M	656.71M	719.35M	654.12M	719.67M	655.85M	720.30M	657.42M	721.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	649.90M	651.43M	652.86M	653.36M	653.54M	654.76M	656.09M	656.70M	657.13M	657.58M
Normalized Net Operating Profit after Tax (NOPAT)	710	1,102	265	1,642	508	408	54	965	450	831
Normalized NOPAT Margin	5.27%	8.35%	2.18%	11.68%	3.77%	3.12%	0.43%	6.73%	3.30%	6.08%
Pre Tax Income Margin	4.89%	7.67%	0.14%	12.54%	-5.12%	0.24%	-3.29%	7.17%	-1.88%	5.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.18	2.70	0.80	3.92	-0.60	0.80	-0.07	2.85	0.22	2.47
NOPAT to Interest Expense	1.37	2.06	0.48	3.00	-0.29	0.77	0.01	1.99	0.13	1.79
EBIT Less CapEx to Interest Expense	1.39	1.41	-0.14	2.57	-1.48	-0.82	-1.73	1.51	-0.24	0.89
NOPAT Less CapEx to Interest Expense	0.58	0.78	-0.46	1.65	-1.17	-0.85	-1.65	0.65	-0.33	0.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About American Airlines Group's Financials

When does American Airlines Group's financial year end?

According to the most recent income statement we have on file, American Airlines Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has American Airlines Group's net income changed over the last 9 years?

American Airlines Group's net income appears to be on a downward trend, with a most recent value of $846 million in 2024, falling from $7.61 billion in 2015. The previous period was $822 million in 2023.

What is American Airlines Group's operating income?

American Airlines Group's total operating income in 2024 was $2.61 billion, based on the following breakdown:

Total Gross Profit: $16.69 billion
Total Operating Expenses: $14.08 billion

How has American Airlines Group revenue changed over the last 9 years?

Over the last 9 years, American Airlines Group's total revenue changed from $40.99 billion in 2015 to $54.21 billion in 2024, a change of 32.3%.

How much debt does American Airlines Group have?

American Airlines Group's total liabilities were at $65.76 billion at the end of 2024, a 3.7% decrease from 2023, and a 53.7% increase since 2015.

How much cash does American Airlines Group have?

In the past 9 years, American Airlines Group's cash and equivalents has ranged from $245 million in 2020 to $804 million in 2024, and is currently $804 million as of their latest financial filing in 2024.

How has American Airlines Group's book value per share changed over the last 9 years?

Over the last 9 years, American Airlines Group's book value per share changed from 8.94 in 2015 to -6.05 in 2024, a change of -167.7%.

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This page (NASDAQ:AAL) was last updated on 4/15/2025 by MarketBeat.com Staff

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American Airlines Group (AAL) Financials

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American Airlines Group (AAL) Financials

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