American Airlines Group (AAL)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,034,000 | 1,607,000 | -1,059,000 | -10,421,000 | 3,065,000 |
| Revenue | US$ in thousands | 50,346,000 | 46,971,000 | 28,078,000 | 16,086,000 | 44,641,000 |
| Operating profit margin | 6.03% | 3.42% | -3.77% | -64.78% | 6.87% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,034,000K ÷ $50,346,000K
= 6.03%
American Airlines Group Inc's operating profit margin has shown significant fluctuations over the past five years. In 2019, the operating profit margin was a healthy 8.08%, indicating that the company was able to generate a reasonable level of profit from its operations. However, this figure dropped sharply to -63.90% in 2020, reflecting a substantial loss in operating income compared to revenue.
In 2021, the situation worsened as the operating profit margin plunged to -16.95%, indicating continued challenges in achieving profitability. The company managed to improve its performance in 2022, with the operating profit margin increasing to 3.68%, but it was still below the level observed in 2019.
The most recent data for December 31, 2023, shows a further improvement in the operating profit margin to 7.59%. While this represents a positive trend compared to the previous years, American Airlines Group Inc still has room for growth to reach and potentially exceed its 2019 operating profit margin level.
Overall, the analysis highlights the volatility in American Airlines Group Inc's operating profit margin over the years, indicating the company's vulnerability to external factors such as economic conditions, fuel prices, and competitive pressures in the airline industry.
Peer comparison
Dec 31, 2023