American Airlines Group annual ebitda margin
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2025
American Airlines Group EBITDA Margin Growth & History (AAL)
American Airlines Group's ebitda margin was 6.71% for fiscal 2025.
View full American Airlines Group company overviewAmerican Airlines Group annual ebitda margin history
| Fiscal year | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 6.71% | −2.17 pp |
| 2024 | 2024-12-31 | 8.88% | −1.22 pp |
| 2023 | 2023-12-31 | 10.10% | +2.13 pp |
| 2022 | 2022-12-31 | 7.98% | +3.83 pp |
| 2021 | 2021-12-31 | 4.15% | +50.42 pp |
| 2020 | 2020-12-31 | −46.27% | −58.64 pp |
| 2019 | 2019-12-31 | 12.38% | +1.03 pp |
| 2018 | 2018-12-31 | 11.35% | −3.74 pp |
| 2017 | 2017-12-31 | 15.09% | −2.25 pp |
| 2016 | 2016-12-31 | 17.34% | −1.94 pp |
| 2015 | 2015-12-31 | 19.28% | +6.28 pp |
| 2014 | 2014-12-31 | 13.00% | +3.95 pp |
| 2013 | 2013-12-31 | 9.05% | +4.80 pp |
| 2012 | 2012-12-31 | 4.25% | +4.06 pp |
| 2011 | 2011-12-31 | 0.18% | −5.52 pp |
| 2010 | 2010-12-31 | 5.70% | +5.25 pp |
| 2009 | 2009-12-31 | 0.45% | +3.08 pp |
| 2008 | 2008-12-31 | −2.63% | — |
American Airlines Group quarterly ebitda margin
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| Fiscal quarter | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 5.52% | −5.67 pp |
| Q1 2026 | 2026-03-31 | 3.12% | +1.54 pp |
| Q4 2025 | 2025-12-31 | 8.81% | −5.18 pp |
| Q3 2025 | 2025-09-30 | 4.57% | +0.40 pp |
| Q2 2025 | 2025-06-30 | 11.19% | −1.77 pp |
| Q1 2025 | 2025-03-31 | 1.58% | −2.22 pp |
| Q4 2024 | 2024-12-31 | 13.99% | +2.51 pp |
| Q3 2024 | 2024-09-30 | 4.16% | +2.20 pp |
| Q2 2024 | 2024-06-30 | 12.96% | −5.86 pp |
| Q1 2024 | 2024-03-31 | 3.79% | −3.79 pp |
| Q4 2023 | 2023-12-31 | 11.48% | −5.17 pp |
| Q3 2023 | 2023-09-30 | 1.96% | −8.60 pp |
| Q2 2023 | 2023-06-30 | 18.83% | +7.49 pp |
| Q1 2023 | 2023-03-31 | 7.58% | +21.41 pp |
| Q4 2022 | 2022-12-31 | 16.65% | +15.79 pp |
| Q3 2022 | 2022-09-30 | 10.56% | −1.43 pp |
| Q2 2022 | 2022-06-30 | 11.33% | −1.00 pp |
| Q1 2022 | 2022-03-31 | −13.83% | +7.05 pp |
| Q4 2021 | 2021-12-31 | 0.86% | +42.38 pp |
| Q3 2021 | 2021-09-30 | 11.99% | +86.77 pp |
| Q2 2021 | 2021-06-30 | 12.33% | +134.83 pp |
| Q1 2021 | 2021-03-31 | −20.88% | +2.48 pp |
| Q4 2020 | 2020-12-31 | −41.52% | −57.97 pp |
| Q3 2020 | 2020-09-30 | −74.79% | −85.76 pp |
| Q2 2020 | 2020-06-30 | −122.50% | −136.23 pp |
| Q1 2020 | 2020-03-31 | −23.36% | −31.44 pp |
| Q4 2019 | 2019-12-31 | 16.45% | +1.77 pp |
| Q3 2019 | 2019-09-30 | 10.97% | +1.00 pp |
| Q2 2019 | 2019-06-30 | 13.73% | +1.18 pp |
| Q1 2019 | 2019-03-31 | 8.08% | +0.04 pp |
| Q4 2018 | 2018-12-31 | 14.68% | −0.24 pp |
| Q3 2018 | 2018-09-30 | 9.97% | −5.43 pp |
| Q2 2018 | 2018-06-30 | 12.55% | −5.42 pp |
| Q1 2018 | 2018-03-31 | 8.04% | −3.59 pp |
| Q4 2017 | 2017-12-31 | 14.92% | +1.49 pp |
| Q3 2017 | 2017-09-30 | 15.40% | −1.87 pp |
| Q2 2017 | 2017-06-30 | 17.97% | −2.54 pp |
| Q1 2017 | 2017-03-31 | 11.63% | −6.28 pp |
| Q4 2016 | 2016-12-31 | 13.43% | −4.80 pp |
| Q3 2016 | 2016-09-30 | 17.27% | −4.54 pp |
| Q2 2016 | 2016-06-30 | 20.51% | −0.38 pp |
| Q1 2016 | 2016-03-31 | 17.91% | +2.12 pp |
| Q4 2015 | 2015-12-31 | 18.23% | +6.47 pp |
| Q3 2015 | 2015-09-30 | 21.81% | +7.50 pp |
| Q2 2015 | 2015-06-30 | 20.88% | +5.75 pp |
| Q1 2015 | 2015-03-31 | 15.79% | +5.42 pp |
| Q4 2014 | 2014-12-31 | 11.76% | +4.70 pp |
| Q3 2014 | 2014-09-30 | 14.31% | +1.06 pp |
| Q2 2014 | 2014-06-30 | 15.13% | +3.98 pp |
| Q1 2014 | 2014-03-31 | 10.38% | +5.87 pp |
| Q4 2013 | 2013-12-31 | 7.06% | +2.93 pp |
| Q3 2013 | 2013-09-30 | 13.25% | +8.74 pp |
| Q2 2013 | 2013-06-30 | 11.15% | +5.18 pp |
| Q1 2013 | 2013-03-31 | 4.51% | +1.87 pp |
| Q4 2012 | 2012-12-31 | 4.13% | +12.44 pp |
| Q3 2012 | 2012-09-30 | 4.51% | +0.07 pp |
| Q2 2012 | 2012-06-30 | 5.97% | +3.19 pp |
| Q1 2012 | 2012-03-31 | 2.64% | +1.92 pp |
| Q4 2011 | 2011-12-31 | −8.31% | −14.63 pp |
| Q3 2011 | 2011-09-30 | 4.44% | −5.12 pp |
| Q2 2011 | 2011-06-30 | 2.78% | −4.57 pp |
| Q1 2011 | 2011-03-31 | 0.71% | +1.26 pp |
| Q4 2010 | 2010-12-31 | 6.32% | — |
| Q3 2010 | 2010-09-30 | 9.56% | +8.19 pp |
| Q2 2010 | 2010-06-30 | 7.35% | +6.32 pp |
| Q1 2010 | 2010-03-31 | −0.55% | — |
| Q3 2009 | 2009-09-30 | 1.37% | — |
| Q2 2009 | 2009-06-30 | 1.03% | — |
American Airlines Group ebitda margin trends
Over the last five fiscal years, American Airlines Group's ebitda margin increased from −46.27% to 6.71%, a change of +52.98 percentage points. The latest reported quarter, Q2 2026, shows 5.52%.
About the metric
What EBITDA margin means
EBITDA margin measures EBITDA as a percentage of revenue. It can help compare operating profitability over time, but it excludes capital intensity, financing costs, taxes, and other items and is generally unsuitable for financial companies.
Calculation and source
How EBITDA margin is calculated
TickerStat calculates EBITDA margin as EBITDA divided by positive reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review American Airlines Group source filings ↗Community posts
American warns of further losses despite record revenue
American Airlines ($AAL) reported record third-quarter 2026 revenue of $16.3 billion, up 19.3%, but higher fuel costs pushed it into a loss. GAAP net loss was $269 million, or $0.41 per share, while the adjusted loss was $182 million, or $0 ...
