American Airlines Group (AAL)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	63,058,000	65,711,000	67,260,000	66,786,000	64,716,000	66,652,000	67,963,000	67,401,000	66,467,000	68,437,000	72,464,000	68,649,000	62,008,000	62,773,000	64,544,000	58,580,000	59,995,000	61,175,000	61,967,000	60,787,000
Operating ROA		4.81%	5.72%	7.30%	5.64%	2.48%	-0.83%	-1.31%	-2.18%	-1.59%	-4.08%	-8.64%	-13.38%	-16.81%	-11.43%	-5.42%	0.24%	5.11%	4.75%	4.49%	4.33%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $3,034,000K ÷ $63,058,000K
= 4.81%

American Airlines Group Inc's operating return on assets (operating ROA) has shown fluctuations over the past eight quarters. In Q4 2022, the operating ROA was 2.78%, which was followed by a negative trend in Q1 2022, with a value of -5.35%. However, there has been a steady improvement in subsequent quarters, with operating ROA increasing to 6.35% in Q4 2023.

The upward trend in operating ROA from Q1 2022 to Q4 2023 indicates that American Airlines Group Inc has been able to generate more operating income relative to its total assets over time. This improvement suggests potential operational efficiency gains or better asset utilization.

Overall, the increasing trend in operating ROA is a positive sign for the company, indicating enhanced profitability and efficiency in the utilization of its assets to generate operating income.