American Airlines Group (AAL)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	822,000	127,000	-1,993,000	-8,885,000	1,686,000
Total assets	US$ in thousands	63,058,000	64,716,000	66,467,000	62,008,000	59,995,000
ROA		1.30%	0.20%	-3.00%	-14.33%	2.81%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $822,000K ÷ $63,058,000K
= 1.30%

American Airlines Group Inc's return on assets (ROA) has fluctuated significantly over the past five years. In 2023, the ROA improved to 1.30%, reflecting a positive trend compared to the previous year's 0.20%. However, the company's ROA was negative in 2021 at -3.00%, indicating that the assets were not generating sufficient returns. The most significant decline was observed in 2020 when the ROA plummeted to -14.33%, suggesting an inefficient use of assets and a substantial loss in profitability. Nonetheless, American Airlines managed to achieve a relatively high ROA of 2.81% in 2019. Overall, the fluctuating ROA values imply varying levels of asset efficiency and profitability for the company in recent years.