American Airlines Group Inc. (AAL) stock
AALNasdaqAir Transportation, ScheduledFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 22, 2026Score 2/3027% above fair value
$13.17−0.14 (-1.05%)
Close on Nov 13, 2026Market cap $8.73BP/E –Yield –
American Airlines operating margin
Operating margin is operating income as a percentage of revenue.
American Airlines's operating margin for the twelve months ending Sep 30, 2026 was 1.6%. For fiscal 2025 it was 2.7%, against 4.8% the year before. The highest annual figure on record is 15.1% in fiscal 2015.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 2.7% | −2.1 |
| FY2024 | Dec 31, 2024 | 4.8% | −0.9 |
| FY2023 | Dec 31, 2023 | 5.7% | +2.5 |
| FY2022 | Dec 31, 2022 | 3.3% | +6.8 |
| FY2021 | Dec 31, 2021 | -3.5% | +56.6 |
| FY2020 | Dec 31, 2020 | -60.1% | −66.8 |
| FY2019 | Dec 31, 2019 | 6.7% | +0.7 |
| FY2018 | Dec 31, 2018 | 6.0% | −4.0 |
| FY2017 | Dec 31, 2017 | 9.9% | −2.7 |
| FY2016 | Dec 31, 2016 | 12.6% | −2.5 |
| FY2015 | Dec 31, 2015 | 15.1% | +5.2 |
| FY2014 | Dec 31, 2014 | 10.0% | +4.7 |
| FY2013 | Dec 31, 2013 | 5.2% | +4.6 |
| FY2012 | Dec 31, 2012 | 0.6% | +4.9 |
| FY2011 | Dec 31, 2011 | -4.3% | −5.7 |
| FY2010 | Dec 31, 2010 | 1.4% | +6.4 |
| FY2009 | Dec 31, 2009 | -5.0% | +2.9 |
| FY2008 | Dec 31, 2008 | -7.9% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 0.7% | −0.4 |
| Q2 FY2026 | Jun 30, 2026 | 2.7% | −5.2 |
| Q1 FY2026 | Mar 31, 2026 | -0.3% | +1.9 |
| Q4 FY2025 | Dec 31, 2025 | 3.2% | −5.1 |
| Q3 FY2025 | Sep 30, 2025 | 1.1% | +0.5 |
| Q2 FY2025 | Jun 30, 2025 | 7.9% | −1.8 |
| Q1 FY2025 | Mar 31, 2025 | -2.2% | −2.2 |
| Q4 FY2024 | Dec 31, 2024 | 8.3% | +3.3 |
| Q3 FY2024 | Sep 30, 2024 | 0.7% | +2.3 |
| Q2 FY2024 | Jun 30, 2024 | 9.7% | −5.7 |
| Q1 FY2024 | Mar 31, 2024 | 0.1% | −3.5 |
| Q4 FY2023 | Dec 31, 2023 | 5.0% | −5.5 |
| Q3 FY2023 | Sep 30, 2023 | -1.7% | −8.6 |
| Q2 FY2023 | Jun 30, 2023 | 15.4% | +7.8 |
| Q1 FY2023 | Mar 31, 2023 | 3.6% | +23.0 |
| Q4 FY2022 | Dec 31, 2022 | 10.5% | +18.8 |
| Q3 FY2022 | Sep 30, 2022 | 6.9% | +0.3 |
| Q2 FY2022 | Jun 30, 2022 | 7.6% | +1.7 |
| Q1 FY2022 | Mar 31, 2022 | -19.4% | +13.4 |
| Q4 FY2021 | Dec 31, 2021 | -8.3% | +54.2 |
| Q3 FY2021 | Sep 30, 2021 | 6.6% | +97.1 |
| Q2 FY2021 | Jun 30, 2021 | 5.9% | +159.2 |
| Q1 FY2021 | Mar 31, 2021 | -32.8% | −2.9 |
| Q4 FY2020 | Dec 31, 2020 | -62.5% | −68.9 |
| Q3 FY2020 | Sep 30, 2020 | -90.5% | −97.3 |
| Q2 FY2020 | Jun 30, 2020 | -153.3% | −162.9 |
| Q1 FY2020 | Mar 31, 2020 | -29.9% | −33.5 |
| Q4 FY2019 | Dec 31, 2019 | 6.4% | +1.2 |
| Q3 FY2019 | Sep 30, 2019 | 6.8% | +0.9 |
| Q2 FY2019 | Jun 30, 2019 | 9.6% | +1.0 |
| Q1 FY2019 | Mar 31, 2019 | 3.5% | −0.3 |
| Q4 FY2018 | Dec 31, 2018 | 5.2% | −0.8 |
| Q3 FY2018 | Sep 30, 2018 | 5.9% | −5.5 |
| Q2 FY2018 | Jun 30, 2018 | 8.6% | −5.6 |
| Q1 FY2018 | Mar 31, 2018 | 3.8% | −3.7 |
| Q4 FY2017 | Dec 31, 2017 | 6.0% | −1.8 |
| Q3 FY2017 | Sep 30, 2017 | 11.5% | – |
| Q2 FY2017 | Jun 30, 2017 | 14.2% | – |
| Q1 FY2017 | Mar 31, 2017 | 7.5% | – |
| Q4 FY2016 | Dec 31, 2016 | 7.8% | – |
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