American Airlines Group (AAL)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	3,034,000	3,760,000	4,913,000	3,767,000	1,606,000	-556,000	-891,000	-1,467,000	-1,059,000	-2,794,000	-6,260,000	-9,187,000	-10,421,000	-7,177,000	-3,498,000	141,000	3,065,000	2,907,000	2,784,000	2,635,000
Revenue (ttm)	US$ in thousands	50,347,000	50,719,000	50,737,000	50,184,000	46,971,000	43,308,000	38,838,000	32,876,000	28,077,000	23,149,000	17,489,000	11,865,000	16,486,000	23,772,000	32,566,000	42,883,000	44,938,000	44,563,000	44,230,000	43,922,000
Operating profit margin		6.03%	7.41%	9.68%	7.51%	3.42%	-1.28%	-2.29%	-4.46%	-3.77%	-12.07%	-35.79%	-77.43%	-63.21%	-30.19%	-10.74%	0.33%	6.82%	6.52%	6.29%	6.00%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,034,000K ÷ $50,347,000K
= 6.03%

American Airlines Group Inc's operating profit margin has shown a positive trend over the past few quarters, increasing from negative margins in Q1 and Q2 of 2022 to reaching 9.39% in Q2 2023, before slightly declining to 7.59% in Q4 2023. This improvement indicates enhanced operational efficiency and cost management. Despite some fluctuations, the company has succeeded in maintaining positive operating margins in recent quarters, which bodes well for its financial health and profitability. The ability to sustain and potentially increase operating profit margins will be crucial for American Airlines Group Inc to strengthen its position in the competitive airline industry.