American Airlines Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	50,482	50,390	49,324	45,801	27,377
Other Revenue	4,151	3,821	3,464	3,170	2,505
Revenue	54,633	54,211	52,788	48,971	29,882
Revenue Growth (YoY)	0.78%	2.70%	7.79%	63.88%	72.36%
Cost of Revenue	41,940	40,674	39,002	37,952	28,285
Gross Profit	12,693	13,537	13,786	11,019	1,597
Selling, General & Admin	1,997	1,812	1,799	1,815	1,098
Other Operating Expenses	6,848	6,429	6,006	5,422	3,994
Operating Expenses	11,064	10,167	9,741	9,214	7,111
Operating Income	1,629	3,370	4,045	1,805	-5,514
Interest Expense	-1,716	-1,934	-2,145	-1,962	-1,800
Interest & Investment Income	357	468	591	216	18
Currency Exchange Gain (Loss)	-	-48	-30	-38	-4
Other Non Operating Income (Expenses)	82	-35	1	437	357
EBT Excluding Unusual Items	352	1,821	2,462	458	-6,943
Merger & Restructuring Charges	-	-13	-23	-	-170
Gain (Loss) on Sale of Investments	-	-8	-82	-71	-31
Asset Writedown	-	-	-	-149	-27
Legal Settlements	-	-	-	-37	19
Other Unusual Items	-162	-646	-1,236	-15	4,604
Pretax Income	190	1,154	1,121	186	-2,548
Income Tax Expense	79	308	299	59	-555
Net Income	111	846	822	127	-1,993
Net Income to Common	111	846	822	127	-1,993
Net Income Growth	-86.88%	2.92%	547.24%	-	-
Shares Outstanding (Basic)	660	657	654	650	644
Shares Outstanding (Diluted)	661	721	720	655	644
Shares Change (YoY)	-8.35%	0.23%	9.85%	1.73%	33.09%
EPS (Basic)	0.17	1.29	1.26	0.20	-3.09
EPS (Diluted)	0.17	1.24	1.21	0.19	-3.09
EPS Growth	-86.48%	3.11%	534.79%	-	-
Free Cash Flow	-680	1,300	1,207	-373	496
Free Cash Flow Per Share	-1.03	1.80	1.68	-0.57	0.77
Gross Margin	23.23%	24.97%	26.12%	22.50%	5.34%
Operating Margin	2.98%	6.22%	7.66%	3.69%	-18.45%
Profit Margin	0.20%	1.56%	1.56%	0.26%	-6.67%
Free Cash Flow Margin	-1.24%	2.40%	2.29%	-0.76%	1.66%
EBITDA	3,848	5,615	6,299	4,103	-3,179
EBITDA Margin	7.04%	10.36%	11.93%	8.38%	-10.64%
D&A For EBITDA	2,219	2,245	2,254	2,298	2,335
EBIT	1,629	3,370	4,045	1,805	-5,514
EBIT Margin	2.98%	6.22%	7.66%	3.69%	-18.45%
Effective Tax Rate	41.58%	26.69%	26.67%	31.72%	-
Revenue as Reported	54,633	54,211	52,788	48,971	29,882
Advertising Expenses	-	143	114	105	105

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.