American Airlines Group (AAL)

Pretax margin

Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 189,000 843,000 729,000 919,000 1,154,000 391,000 -43,000 692,000 1,122,000 2,100,000 3,448,000 2,288,000 185,000 -2,016,000 -2,468,000 -3,062,000 -2,549,000 -4,167,000 -7,468,000 -10,136,000
Revenue (ttm) US$ in thousands 54,633,000 54,294,000 54,250,000 54,192,000 54,211,000 53,613,000 53,448,000 53,169,000 52,788,000 52,914,000 52,894,000 52,261,000 48,971,000 45,210,000 40,717,000 34,773,000 29,882,000 24,483,000 18,687,000 12,831,000
Pretax margin 0.35% 1.55% 1.34% 1.70% 2.13% 0.73% -0.08% 1.30% 2.13% 3.97% 6.52% 4.38% 0.38% -4.46% -6.06% -8.81% -8.53% -17.02% -39.96% -79.00%

December 31, 2025 calculation

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