Return on Assets (ROA)
since 2013
Calculation
American Airlines Group Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 1.30% | = | 100 | × | 822) | ÷ | 63,058) |
| Dec 31, 2022 | 0.20% | = | 100 | × | 127) | ÷ | 64,716) |
| Dec 31, 2021 | -3.00% | = | 100 | × | (1,993) | ÷ | 66,467) |
| Dec 31, 2020 | -14.33% | = | 100 | × | (8,885) | ÷ | 62,008) |
| Dec 31, 2019 | 2.81% | = | 100 | × | 1,686) | ÷ | 59,995) |
| Dec 31, 2018 | 2.33% | = | 100 | × | 1,412) | ÷ | 60,580) |
| Dec 31, 2017 | 3.73% | = | 100 | × | 1,919) | ÷ | 51,396) |
| Dec 31, 2016 | 5.22% | = | 100 | × | 2,676) | ÷ | 51,274) |
| Dec 31, 2015 | 15.72% | = | 100 | × | 7,610) | ÷ | 48,415) |
| Dec 31, 2014 | 6.58% | = | 100 | × | 2,882) | ÷ | 43,771) |
| Dec 31, 2013 | -4.34% | = | 100 | × | (1,834) | ÷ | 42,278) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
1 US$ in millions
- Net Income (Loss)
- The net income exhibited significant volatility over the analyzed period. Initially, there was a substantial loss in 2013 amounting to -$1,834 million, followed by a strong recovery in 2014 with a net income of $2,882 million. The upward trend continued, peaking dramatically at $7,610 million in 2015. However, from 2016 onwards, net income showed a declining pattern, dropping to $1,412 million by 2018. In 2019, a slight increase occurred, but a sharp loss of -$8,885 million was observed in 2020, likely reflecting significant adverse effects. Subsequent years saw a gradual recovery with losses diminishing in 2021 and turning into modest profits in 2022 and 2023, reaching $822 million in the latest period.
- Total Assets
- Total assets generally increased during the observed timeframe, growing from $42,278 million in 2013 to a peak of $66,467 million in 2021. After the peak, assets slightly declined, registering $64,716 million in 2022 and further reducing to $63,058 million in 2023. This overall growth indicates consistent asset accumulation until 2021, followed by a moderate contraction.
- Return on Assets (ROA)
- The ROA mirrored the trends observed in net income. It started negative at -4.34% in 2013 but improved significantly to a high of 15.72% in 2015. After this peak, ROA declined steadily, falling to 2.33% by 2018. Although there was a slight improvement in 2019, ROA turned negative in 2020 (-14.33%), correlating with net losses and external challenges. From 2021 onwards, ROA showed a gradual recovery, moving from -3.00% to a positive 1.30% by 2023, reflecting cautious but improving profitability relative to assets.
Comparison to Competitors
American Airlines Group Inc., ROA, long-term trends, comparison to competitors
| American Airlines Group Inc. | FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Airlines Holdings Inc. | United Parcel Service Inc. | |
|---|---|---|---|---|---|---|
| Dec 31, 2023 | 1.30% | 4.56% | 4.88% | 9.50% | 3.68% | 9.47% |
| Dec 31, 2022 | 0.20% | 4.45% | -28.47% | 10.69% | 1.09% | 16.24% |
| Dec 31, 2021 | -3.00% | 6.32% | -1.28% | 10.27% | -2.88% | 18.57% |
| Dec 31, 2020 | -14.33% | 1.75% | -20.35% | 8.57% | -11.87% | 2.15% |
| Dec 31, 2019 | 2.81% | 0.99% | -26.78% | 9.60% | 5.72% | 7.67% |
| Dec 31, 2018 | 2.33% | 8.74% | — | 10.09% | 4.75% | 9.58% |
| Dec 31, 2017 | 3.73% | 6.17% | — | 18.53% | 5.03% | 10.81% |
| Dec 31, 2016 | 5.22% | 3.95% | — | 7.60% | 5.64% | 8.50% |
| Dec 31, 2015 | 15.72% | 2.83% | — | 8.74% | 17.96% | 12.64% |
| Dec 31, 2014 | 6.58% | 6.34% | — | 9.83% | 3.03% | 8.55% |
| Dec 31, 2013 | -4.34% | 4.65% | — | 8.82% | 1.55% | 12.07% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
Comparison to Sector (Transportation)
American Airlines Group Inc., ROA, long-term trends, comparison to sector (transportation)
| American Airlines Group Inc. | Transportation | |
|---|---|---|
| Dec 31, 2023 | 1.30% | 6.44% |
| Dec 31, 2022 | 0.20% | 4.34% |
| Dec 31, 2021 | -3.00% | 6.88% |
| Dec 31, 2020 | -14.33% | -2.01% |
| Dec 31, 2019 | 2.81% | 2.09% |
| Dec 31, 2018 | 2.33% | 8.46% |
| Dec 31, 2017 | 3.73% | 10.69% |
| Dec 31, 2016 | 5.22% | 6.44% |
| Dec 31, 2015 | 15.72% | 10.54% |
| Dec 31, 2014 | 6.58% | 7.21% |
| Dec 31, 2013 | -4.34% | 6.97% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
Comparison to Industry (Industrials)
American Airlines Group Inc., ROA, long-term trends, comparison to industry (industrials)
| American Airlines Group Inc. | Industrials | |
|---|---|---|
| Dec 31, 2023 | 1.30% | 5.61% |
| Dec 31, 2022 | 0.20% | 3.31% |
| Dec 31, 2021 | -3.00% | 3.40% |
| Dec 31, 2020 | -14.33% | 0.04% |
| Dec 31, 2019 | 2.81% | 2.56% |
| Dec 31, 2018 | 2.33% | 3.16% |
| Dec 31, 2017 | 3.73% | 3.59% |
| Dec 31, 2016 | 5.22% | 4.55% |
| Dec 31, 2015 | 15.72% | 3.52% |
| Dec 31, 2014 | 6.58% | 4.31% |
| Dec 31, 2013 | -4.34% | 3.91% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).