American Airlines Group (AAL)

Return on total capital

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Earnings before interest and tax (EBIT) US$ in thousands 1,905,000 3,088,000 3,266,000 2,148,000 -748,000
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands -3,727,000 -3,977,000 -5,202,000 -5,799,000 -7,340,000
Return on total capital — — — — —

December 31, 2025 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $1,905,000K ÷ ($—K + $-3,727,000K)
= —