American Airlines Group annual operating expenses
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2025
American Airlines Group Operating Expenses Growth & History (AAL)
American Airlines Group's operating expenses was $53.17B for fiscal 2025.
View full American Airlines Group company overviewAmerican Airlines Group annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $53.17B | $1.57B | +3.04% |
| 2024 | 2024-12-31 | $51.60B | $1.84B | +3.70% |
| 2023 | 2023-12-31 | $49.75B | $2.39B | +5.05% |
| 2022 | 2022-12-31 | $47.36B | $16.42B | +53.08% |
| 2021 | 2021-12-31 | $30.94B | $3.18B | +11.47% |
| 2020 | 2020-12-31 | $27.76B | −$14.95B | −35.00% |
| 2019 | 2019-12-31 | $42.70B | $818.0M | +1.95% |
| 2018 | 2018-12-31 | $41.88B | $3.49B | +9.10% |
| 2017 | 2017-12-31 | $38.39B | $3.31B | +9.43% |
| 2016 | 2016-12-31 | $35.08B | $296.0M | +0.85% |
| 2015 | 2015-12-31 | $34.79B | −$3.62B | −9.41% |
| 2014 | 2014-12-31 | $38.40B | $13.06B | +51.52% |
| 2013 | 2013-12-31 | $25.34B | — | — |
American Airlines Group quarterly operating expenses
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $16.29B | $3.03B | +22.87% |
| Q1 2026 | 2026-03-31 | $13.95B | $1.13B | +8.83% |
| Q4 2025 | 2025-12-31 | $13.55B | $1.02B | +8.16% |
| Q3 2025 | 2025-09-30 | $13.54B | −$18.0M | −0.13% |
| Q2 2025 | 2025-06-30 | $13.26B | $307.0M | +2.37% |
| Q1 2025 | 2025-03-31 | $12.82B | $258.0M | +2.05% |
| Q4 2024 | 2024-12-31 | $12.53B | $120.0M | +0.97% |
| Q3 2024 | 2024-09-30 | $13.56B | −$147.0M | −1.07% |
| Q2 2024 | 2024-06-30 | $12.95B | $1.06B | +8.90% |
| Q1 2024 | 2024-03-31 | $12.56B | $812.0M | +6.91% |
| Q4 2023 | 2023-12-31 | $12.41B | $601.0M | +5.09% |
| Q3 2023 | 2023-09-30 | $13.71B | $1.17B | +9.36% |
| Q2 2023 | 2023-06-30 | $11.89B | −$513.0M | −4.14% |
| Q1 2023 | 2023-03-31 | $11.75B | $1.13B | +10.63% |
| Q4 2022 | 2022-12-31 | $11.80B | $1.60B | +15.66% |
| Q3 2022 | 2022-09-30 | $12.53B | $4.16B | +49.65% |
| Q2 2022 | 2022-06-30 | $12.40B | $5.37B | +76.28% |
| Q1 2022 | 2022-03-31 | $10.62B | $5.30B | +99.55% |
| Q4 2021 | 2021-12-31 | $10.21B | $3.67B | +56.02% |
| Q3 2021 | 2021-09-30 | $8.37B | $2.33B | +38.55% |
| Q2 2021 | 2021-06-30 | $7.04B | $2.93B | +71.30% |
| Q1 2021 | 2021-03-31 | $5.32B | −$5.74B | −51.89% |
| Q4 2020 | 2020-12-31 | $6.54B | −$4.04B | −38.19% |
| Q3 2020 | 2020-09-30 | $6.04B | −$5.06B | −45.56% |
| Q2 2020 | 2020-06-30 | $4.11B | −$6.70B | −61.99% |
| Q1 2020 | 2020-03-31 | $11.06B | $855.0M | +8.37% |
| Q4 2019 | 2019-12-31 | $10.58B | $217.0M | +2.09% |
| Q3 2019 | 2019-09-30 | $11.10B | $229.0M | +2.11% |
| Q2 2019 | 2019-06-30 | $10.81B | $168.0M | +1.58% |
| Q1 2019 | 2019-03-31 | $10.21B | $204.0M | +2.04% |
| Q4 2018 | 2018-12-31 | $10.37B | $394.0M | +3.95% |
| Q3 2018 | 2018-09-30 | $10.87B | $1.17B | +12.00% |
| Q2 2018 | 2018-06-30 | $10.64B | $1.01B | +10.50% |
| Q1 2018 | 2018-03-31 | $10.01B | $922.0M | +10.15% |
| Q4 2017 | 2017-12-31 | $9.97B | $951.0M | +10.54% |
| Q3 2017 | 2017-09-30 | $9.71B | $546.0M | +5.96% |
| Q2 2017 | 2017-06-30 | $9.63B | $1.02B | +11.80% |
| Q1 2017 | 2017-03-31 | $9.08B | $983.0M | +12.14% |
| Q4 2016 | 2016-12-31 | $9.02B | $460.0M | +5.37% |
| Q3 2016 | 2016-09-30 | $9.16B | $456.0M | +5.24% |
| Q2 2016 | 2016-06-30 | $8.61B | −$294.0M | −3.30% |
| Q1 2016 | 2016-03-31 | $8.10B | −$511.0M | −5.93% |
| Q4 2015 | 2015-12-31 | $8.56B | −$738.0M | −7.94% |
| Q3 2015 | 2015-09-30 | $8.71B | −$1.17B | −11.86% |
| Q2 2015 | 2015-06-30 | $8.91B | −$1.05B | −10.55% |
| Q1 2015 | 2015-03-31 | $8.61B | −$654.0M | −7.06% |
| Q4 2014 | 2014-12-31 | $9.30B | $2.05B | +28.24% |
| Q3 2014 | 2014-09-30 | $9.88B | $3.75B | +61.24% |
| Q2 2014 | 2014-06-30 | $9.96B | $4.02B | +67.69% |
| Q1 2014 | 2014-03-31 | $9.27B | $3.24B | +53.72% |
| Q4 2013 | 2013-12-31 | $7.25B | — | — |
| Q3 2013 | 2013-09-30 | $6.13B | — | — |
| Q2 2013 | 2013-06-30 | $5.94B | — | — |
| Q1 2013 | 2013-03-31 | $6.03B | — | — |
American Airlines Group operating expenses trends
Over the last five fiscal years, American Airlines Group's operating expenses increased from $27.76B to $53.17B, a change of $25.41B. The latest reported quarter, Q2 2026, shows $16.29B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review American Airlines Group source filings ↗