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American Airlines Group (American Airlines Group) EBIT : $2,793 Mil (TTM As of Mar. 2024)


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What is American Airlines Group EBIT?

American Airlines Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $84 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $2,793 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. American Airlines Group's annualized ROC % for the quarter that ended in Mar. 2024 was 0.35%. American Airlines Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. American Airlines Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.83%.


American Airlines Group EBIT Historical Data

The historical data trend for American Airlines Group's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

American Airlines Group EBIT Chart

American Airlines Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,351.00 -10,226.00 -748.00 2,148.00 3,266.00

American Airlines Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 557.00 2,311.00 -153.00 551.00 84.00

Competitive Comparison of American Airlines Group's EBIT

For the Airlines subindustry, American Airlines Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


American Airlines Group's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, American Airlines Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where American Airlines Group's EV-to-EBIT falls into.



American Airlines Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,793 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


American Airlines Group  (NAS:AAL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

American Airlines Group's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=308 * ( 1 - 24.46% )/( (64080 + 67361)/ 2 )
=232.6632/65720.5
=0.35 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

American Airlines Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=336/( ( (38703 + max(-11127, 0)) + (39056 + max(-13376, 0)) )/ 2 )
=336/( ( 38703 + 39056 )/ 2 )
=336/38879.5
=0.86 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2026 + 2400 + 1568) - (7468 + 9653 + 0)
=-11127

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2070 + 2500 + 1672) - (7474 + 12144 + 0)
=-13376

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

American Airlines Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=2793/40866.534
=6.83 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


American Airlines Group EBIT Related Terms

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American Airlines Group (American Airlines Group) Business Description

Address
1 Skyview Drive, Fort Worth, TX, USA, 76155
American Airlines is the world's largest airline by aircraft, capacity, and scheduled revenue passenger miles. Its major U.S. hubs are Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. It generates over 30% of U.S. airline revenue connecting Latin America with destinations in the United States. After completing a major fleet renewal, the company has the youngest fleet of U.S. legacy carriers.
Executives
Vasu Raja officer: SVP, Chief Commercial Officer C/O AMERICAN AIRLINES GROUP INC., 1 SKYVIEW DRIVE, FORT WORTH TX 76155
Douglas M Steenland director 2700 LONE OAK PARKWAY, EAGAN MN 55121
Angela Owens officer: VP Corporate Controller C/O AMERICAN AIRLINES GROUP INC., 1 SKYVIEW DRIVE, FORT WORTH TX 76155
David Seymour officer: SVP Chief Operating Officer C/O AMERICAN AIRLINES GROUP INC., 1 SKYVIEW DRIVE, FORT WORTH TX 76155
Devon E May officer: EVP Chief Financial Officer C/O AMERICAN AIRLINES GROUP INC., 1 SKYVIEW DRIVE, FORT WORTH TX 76155
Vicente Reynal director C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Priya Aiyar officer: See remarks C/O AMERICAN AIRLINES GROUP INC., 1 SKYVIEW DRIVE, FORT WORTH TX 76155
Gregory D Smith director 100 N RIVERSIDE PLAZA, M/C 3005-1001, CHICAGO IL 60606-1596
Adriane M Brown director 3150 139TH AVENUE S.E., BELLEVUE WA 98040
John T Cahill director LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Michael J Embler director C/O NMI HOLDINGS, INC., 2100 POWELL STREET, EMERYVILLE CA 94608
James F Albaugh director C/O THE BOEING COMPANY, 100 NORTH RIVERSIDE PLAZA, CHICAGO IL 60606
Isom Robert D Jr officer: See Remarks 1689 NONCONNAH BLVD, SUITE 111, MEMPHIS TN 38132
Ray M Robinson director 1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309
Maya Leibman officer: EVP Chief Information Officer 4333 AMON CARTER BLVD, FORT WORTH TX 76155