American Airlines Group Inc. (AAL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 13.91B | 14B | 13.69B | 14.39B | 12.55B | 13.66B | 13.65B | 14.33B | 12.57B | 13.06B | 13.48B | 14.05B | 12.19B | 13.19B | 13.46B | 13.42B | 8.9B | 9.43B | 8.97B | 7.48B |
| Revenue Growth % | 10.84% | 2.48% | 0.32% | 0.4% | -0.15% | 4.58% | 1.22% | 1.99% | 3.13% | -0.96% | 0.15% | 4.72% | 36.97% | 39.9% | 50.09% | 79.49% | 122.03% | 134.04% | 182.67% | 361.04% |
| Cost of Goods Sold | 10.3B | 11.2B | 11.32B | 10.98B | 10.67B | 10.47B | 10.87B | 10.85B | 10.55B | 10.44B | 10.79B | 9.91B | 9.84B | 9.93B | 10.64B | 10.52B | 8.85B | 8.66B | 7.94B | 7.09B |
| COGS % of Revenue | 74.02% | 79.98% | 82.65% | 76.26% | 85.04% | 76.68% | 79.64% | 75.72% | 83.92% | 79.9% | 80.07% | 70.49% | 80.73% | 75.32% | 79.02% | 78.36% | 99.43% | 91.91% | 88.49% | 94.81% |
| Gross Profit | 3.62B | 2.8B | 2.38B | 3.42B | 1.88B | 3.19B | 2.78B | 3.48B | 2.02B | 2.63B | 2.69B | 4.15B | 2.35B | 3.25B | 2.82B | 2.9B | 51M | 763M | 1.03B | 388M |
| Gross Margin % | 25.98% | 20.02% | 17.35% | 23.74% | 14.96% | 23.32% | 20.36% | 24.28% | 16.08% | 20.1% | 19.93% | 29.51% | 19.27% | 24.68% | 20.98% | 21.64% | 0.57% | 8.09% | 11.51% | 5.19% |
| Gross Profit Growth % | 92.49% | -12.02% | -14.54% | -1.84% | -7.08% | 21.33% | 3.42% | -16.08% | -13.96% | -19.32% | -4.85% | 42.75% | 4505.88% | 326.61% | 173.64% | 648.71% | 102.37% | 141.13% | 143.49% | 111.68% |
| Operating Expenses | 3.66B | 2.35B | 2.22B | 2.28B | 2.15B | 2.05B | 2.69B | 2.1B | 2.01B | 1.97B | 2.91B | 1.98B | 1.91B | 1.87B | 1.89B | 1.89B | 1.77B | 1.54B | 437M | -53M |
| OpEx % of Revenue | 26.28% | 16.79% | 16.24% | 15.85% | 17.11% | 15.02% | 19.71% | 14.62% | 16.02% | 15.08% | 21.58% | 14.12% | 15.68% | 14.2% | 14.07% | 14.07% | 19.93% | 16.37% | 4.87% | -0.71% |
| Selling, General & Admin | 507M | 530M | 483M | 535M | 450M | 481M | 468M | 456M | 408M | 442M | 430M | 489M | 438M | 484M | 495M | 504M | 332M | 353M | 318M | 277M |
| SG&A % of Revenue | 3.64% | 3.79% | 3.53% | 3.72% | 3.59% | 3.52% | 3.43% | 3.18% | 3.25% | 3.38% | 3.19% | 3.48% | 3.59% | 3.67% | 3.68% | 3.75% | 3.73% | 3.74% | 3.55% | 3.7% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K |
| Operating Income | -41M | 452M | 151M | 1.14B | -270M | 1.13B | 89M | 1.38B | 7M | 656M | -223M | 2.16B | 438M | 1.38B | 930M | 1.02B | -1.72B | -780M | 595M | 441M |
| Operating Margin % | -0.29% | 3.23% | 1.1% | 7.89% | -2.15% | 8.3% | 0.65% | 9.66% | 0.06% | 5.02% | -1.65% | 15.39% | 3.59% | 10.48% | 6.91% | 7.58% | -19.36% | -8.27% | 6.63% | 5.9% |
| Operating Income Growth % | 84.81% | -60.14% | 69.66% | -17.99% | -3957.14% | 72.87% | 139.91% | -36.01% | -98.4% | -52.53% | -123.98% | 112.68% | 125.42% | 277.18% | 56.3% | 130.61% | -31.03% | 68.99% | 120.72% | 117.74% |
| EBITDA | 434M | 1.01B | 625M | 1.61B | 198M | 1.26B | 568M | 1.86B | 477M | 1.22B | 343M | 2.73B | 924M | 1.96B | 1.5B | 1.59B | -1.15B | -122M | 1.15B | 986M |
| EBITDA Margin % | 3.12% | 7.21% | 4.57% | 11.19% | 1.58% | 9.26% | 4.16% | 12.96% | 3.79% | 9.3% | 2.54% | 19.4% | 7.58% | 14.82% | 11.16% | 11.83% | -12.93% | -1.29% | 12.86% | 13.19% |
| EBITDA Growth % | 119.19% | -20.24% | 10.04% | -13.29% | -58.49% | 4.12% | 65.6% | -31.84% | -48.38% | -37.85% | -77.16% | 71.66% | 180.28% | 1702.46% | 30.27% | 61.05% | -55.33% | 93.74% | 150.26% | 151.81% |
| D&A (Non-Cash Add-back) | 475M | 557M | 474M | 476M | 468M | 0 | 479M | 474M | 470M | 559M | 566M | 563M | 486M | 573M | 572M | 571M | 572M | 658M | 558M | 545M |
| EBIT | 52M | 564M | 290M | 1.27B | -220M | 1.26B | 224M | 1.51B | 84M | 551M | -153M | 2.31B | 557M | 1.54B | 1.16B | 1.07B | -1.62B | -723M | 682M | 495M |
| Net Interest Income | 452M | -350M | -342M | -333M | -334M | -365M | -363M | -358M | -379M | -384M | -369M | -386M | -415M | -423M | -429M | -439M | -455M | -463M | -471M | -481M |
| Interest Income | 55M | 72M | 90M | 100M | 94M | 105M | 117M | 128M | 118M | 135M | 168M | 162M | 125M | 109M | 70M | 29M | 8M | 5M | 5M | 5M |
| Interest Expense | -397M | 422M | 432M | 433M | 428M | 470M | 480M | 486M | 497M | 519M | 537M | 548M | 540M | 532M | 499M | 468M | 463M | 468M | 476M | 486M |
| Other Income/Expense | -435M | -310M | -293M | -297M | -378M | -339M | -345M | -356M | -420M | -624M | -467M | -400M | -421M | -372M | -272M | -414M | -363M | -411M | -389M | -432M |
| Pretax Income | -476M | 142M | -142M | 838M | -648M | 795M | -256M | 1.03B | -413M | 32M | -690M | 1.76B | 17M | 1.01B | 658M | 603M | -2.09B | -1.19B | 206M | 9M |
| Pretax Margin % | -3.42% | 1.01% | -1.04% | 5.82% | -5.16% | 5.82% | -1.88% | 7.17% | -3.29% | 0.24% | -5.12% | 12.54% | 0.14% | 7.66% | 4.89% | 4.49% | -23.44% | -12.63% | 2.3% | 0.12% |
| Income Tax | -94M | 43M | -28M | 239M | -175M | 205M | -107M | 311M | -101M | 13M | -145M | 425M | 7M | 207M | 175M | 127M | -451M | -259M | 37M | -10M |
| Effective Tax Rate % | 19.75% | 30.28% | 19.72% | 28.52% | 27.01% | 25.79% | 41.8% | 30.25% | 24.46% | 40.63% | 21.01% | 24.11% | 41.18% | 20.5% | 26.6% | 21.06% | 21.62% | 21.75% | 17.96% | -111.11% |
| Net Income | -382M | 99M | -114M | 599M | -473M | 590M | -149M | 717M | -312M | 19M | -545M | 1.34B | 10M | 803M | 483M | 476M | -1.64B | -932M | 169M | 19M |
| Net Margin % | -2.75% | 0.71% | -0.83% | 4.16% | -3.77% | 4.32% | -1.09% | 5% | -2.48% | 0.15% | -4.04% | 9.52% | 0.08% | 6.09% | 3.59% | 3.55% | -18.37% | -9.89% | 1.88% | 0.25% |
| Net Income Growth % | 19.24% | -83.22% | 23.49% | -16.46% | -51.6% | 3005.26% | 72.66% | -46.41% | -3220% | -97.63% | -212.84% | 181.09% | 100.61% | 186.16% | 185.8% | 2405.26% | -30.8% | 57.21% | 107.04% | 100.92% |
| Net Income (Continuing) | -382M | 99M | -114M | 599M | -473M | 590M | -149M | 717M | -312M | 19M | -545M | 1.34B | 10M | 803M | 483M | 476M | -1.64B | -932M | 169M | 19M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.58 | 0.15 | -0.17 | 0.91 | -0.72 | 0.82 | -0.23 | 1.01 | -0.48 | 0.03 | -0.83 | 1.88 | 0.02 | 1.14 | 0.69 | 0.68 | -2.52 | -1.44 | 0.23 | 0.03 |
| EPS Growth % | 19.44% | -81.71% | 26.09% | -9.9% | -50% | 2633.33% | 72.29% | -46.28% | -2500% | -97.37% | -220.29% | 176.47% | 100.79% | 179.17% | 200% | 2252.94% | -27.92% | 62.2% | 104.88% | 100.6% |
| EPS (Basic) | -0.58 | 0.15 | -0.17 | 0.91 | -0.72 | 0.90 | -0.23 | 1.09 | -0.48 | 0.03 | -0.83 | 2.05 | 0.02 | 1.23 | 0.74 | 0.73 | -2.52 | -1.44 | 0.26 | 0.03 |
| Diluted Shares Outstanding | 661.18M | 661.86M | 660.36M | 660.37M | 658.88M | 721.3M | 657.42M | 720.3M | 655.85M | 657.08M | 654.12M | 719.35M | 656.71M | 716.07M | 715.99M | 718.53M | 649.5M | 648.77M | 721.14M | 656.37M |
| Basic Shares Outstanding | 661.18M | 660.49M | 660.36M | 660.13M | 658.88M | 657M | 657.42M | 656.97M | 655.85M | 654.73M | 654.12M | 653.6M | 652M | 650.94M | 695.82M | 650.35M | 648.81M | 648.77M | 648.56M | 644.12M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |