Stock Analysis on Net
Stock Analysis on Net

American Airlines Group Inc. (NASDAQ:AAL)

This company has been moved to the archive! The financial data has not been updated since February 21, 2024.

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

American Airlines Group Inc., adjusted financial ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Activity Ratio
Total Asset Turnover
Reported 0.84 0.76 0.45 0.28 0.76
Adjusted 0.88 0.79 0.47 0.30 0.77
Solvency Ratios
Debt to Equity
Reported — — — — —
Adjusted — — — — —
Debt to Capital
Reported 1.19 1.19 1.24 1.27 1.00
Adjusted 1.25 1.26 1.31 1.33 1.02
Financial Leverage
Reported — — — — —
Adjusted — — — — —
Profitability Ratios
Net Profit Margin
Reported 1.56% 0.26% -6.67% -51.25% 3.68%
Adjusted 1.54% 3.16% -4.64% -70.51% 3.96%
Return on Equity (ROE)
Reported — — — — —
Adjusted — — — — —
Return on Assets (ROA)
Reported 1.30% 0.20% -3.00% -14.33% 2.81%
Adjusted 1.35% 2.51% -2.20% -20.80% 3.05%

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).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. American Airlines Group Inc. adjusted total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. American Airlines Group Inc. adjusted debt-to-capital ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. American Airlines Group Inc. adjusted net profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. American Airlines Group Inc. adjusted ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

American Airlines Group Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Operating revenues 52,788 48,971 29,882 17,337 45,768
Total assets 63,058 64,716 66,467 62,008 59,995
Activity Ratio
Total asset turnover1 0.84 0.76 0.45 0.28 0.76
Adjusted
Selected Financial Data (US$ in millions)
Operating revenues 52,788 48,971 29,882 17,337 45,768
Adjusted total assets2 60,170 61,617 62,911 58,769 59,350
Activity Ratio
Adjusted total asset turnover3 0.88 0.79 0.47 0.30 0.77

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).

1 2023 Calculation
Total asset turnover = Operating revenues ÷ Total assets
= 52,788 ÷ 63,058 = 0.84

2 Adjusted total assets. See details »

3 2023 Calculation
Adjusted total asset turnover = Operating revenues ÷ Adjusted total assets
= 52,788 ÷ 60,170 = 0.88

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. American Airlines Group Inc. adjusted total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Total debt 32,902 35,663 38,060 32,593 24,315
Stockholders’ deficit (5,202) (5,799) (7,340) (6,867) (118)
Solvency Ratio
Debt to equity1 — — — — —
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 40,663 43,687 46,177 41,021 33,444
Adjusted stockholders’ deficit3 (8,081) (8,888) (10,887) (10,097) (734)
Solvency Ratio
Adjusted debt to equity4 — — — — —

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).

1 2023 Calculation
Debt to equity = Total debt ÷ Stockholders’ deficit
= 32,902 ÷ -5,202 = —

2 Adjusted total debt. See details »

3 Adjusted stockholders’ deficit. See details »

4 2023 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted stockholders’ deficit
= 40,663 ÷ -8,081 = —

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Total debt 32,902 35,663 38,060 32,593 24,315
Total capital 27,700 29,864 30,720 25,726 24,197
Solvency Ratio
Debt to capital1 1.19 1.19 1.24 1.27 1.00
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 40,663 43,687 46,177 41,021 33,444
Adjusted total capital3 32,582 34,799 35,290 30,924 32,710
Solvency Ratio
Adjusted debt to capital4 1.25 1.26 1.31 1.33 1.02

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).

1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 32,902 ÷ 27,700 = 1.19

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2023 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 40,663 ÷ 32,582 = 1.25

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. American Airlines Group Inc. adjusted debt-to-capital ratio improved from 2021 to 2022 and from 2022 to 2023.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Total assets 63,058 64,716 66,467 62,008 59,995
Stockholders’ deficit (5,202) (5,799) (7,340) (6,867) (118)
Solvency Ratio
Financial leverage1 — — — — —
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 60,170 61,617 62,911 58,769 59,350
Adjusted stockholders’ deficit3 (8,081) (8,888) (10,887) (10,097) (734)
Solvency Ratio
Adjusted financial leverage4 — — — — —

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).

1 2023 Calculation
Financial leverage = Total assets ÷ Stockholders’ deficit
= 63,058 ÷ -5,202 = —

2 Adjusted total assets. See details »

3 Adjusted stockholders’ deficit. See details »

4 2023 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ deficit
= 60,170 ÷ -8,081 = —

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Net income (loss) 822 127 (1,993) (8,885) 1,686
Operating revenues 52,788 48,971 29,882 17,337 45,768
Profitability Ratio
Net profit margin1 1.56% 0.26% -6.67% -51.25% 3.68%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 812 1,549 (1,387) (12,225) 1,811
Operating revenues 52,788 48,971 29,882 17,337 45,768
Profitability Ratio
Adjusted net profit margin3 1.54% 3.16% -4.64% -70.51% 3.96%

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).

1 2023 Calculation
Net profit margin = 100 × Net income (loss) ÷ Operating revenues
= 100 × 822 ÷ 52,788 = 1.56%

2 Adjusted net income (loss). See details »

3 2023 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Operating revenues
= 100 × 812 ÷ 52,788 = 1.54%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. American Airlines Group Inc. adjusted net profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Net income (loss) 822 127 (1,993) (8,885) 1,686
Stockholders’ deficit (5,202) (5,799) (7,340) (6,867) (118)
Profitability Ratio
ROE1 — — — — —
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 812 1,549 (1,387) (12,225) 1,811
Adjusted stockholders’ deficit3 (8,081) (8,888) (10,887) (10,097) (734)
Profitability Ratio
Adjusted ROE4 — — — — —

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).

1 2023 Calculation
ROE = 100 × Net income (loss) ÷ Stockholders’ deficit
= 100 × 822 ÷ -5,202 = —

2 Adjusted net income (loss). See details »

3 Adjusted stockholders’ deficit. See details »

4 2023 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) ÷ Adjusted stockholders’ deficit
= 100 × 812 ÷ -8,081 = —

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Net income (loss) 822 127 (1,993) (8,885) 1,686
Total assets 63,058 64,716 66,467 62,008 59,995
Profitability Ratio
ROA1 1.30% 0.20% -3.00% -14.33% 2.81%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 812 1,549 (1,387) (12,225) 1,811
Adjusted total assets3 60,170 61,617 62,911 58,769 59,350
Profitability Ratio
Adjusted ROA4 1.35% 2.51% -2.20% -20.80% 3.05%

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).

1 2023 Calculation
ROA = 100 × Net income (loss) ÷ Total assets
= 100 × 822 ÷ 63,058 = 1.30%

2 Adjusted net income (loss). See details »

3 Adjusted total assets. See details »

4 2023 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) ÷ Adjusted total assets
= 100 × 812 ÷ 60,170 = 1.35%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. American Airlines Group Inc. adjusted ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.