American Airlines Group (AAL)

Pretax margin

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Earnings before tax but after interest (EBT) US$ in thousands 189,000 1,154,000 1,121,000 186,000 -2,548,000
Revenue US$ in thousands 54,633,000 54,211,000 52,788,000 48,971,000 29,882,000
Pretax margin 0.35% 2.13% 2.12% 0.38% -8.53%

December 31, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $189,000K ÷ $54,633,000K
= 0.35%