American Airlines Group (WBO:AAL) Interest Expense : €-1,942 Mil (TTM As of Mar. 2024)

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What is American Airlines Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. American Airlines Group's interest expense for the three months ended in Mar. 2024 was € -457 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-1,942 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. American Airlines Group's Operating Income for the three months ended in Mar. 2024 was € 71 Mil. American Airlines Group's Interest Expense for the three months ended in Mar. 2024 was € -457 Mil. American Airlines Group's Interest Coverage for the quarter that ended in Mar. 2024 was 0.15. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

American Airlines Group Interest Expense Historical Data

The historical data trend for American Airlines Group's Interest Expense 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.

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American Airlines Group Interest Expense Chart

American Airlines Group Annual Data

Trend

Dec14

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Interest Expense

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-985.50

-1,008.59

-1,593.00

-1,852.13

-1,966.97

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
Interest Expense	Get a 7-Day Free Trial															-504.36	-505.80	-503.17	-475.92	-457.24

American Airlines Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense 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 €-1,942 Mil.

American Airlines Group (WBO:AAL) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

American Airlines Group's Interest Expense for the three months ended in Mar. 2024 was €-457 Mil. Its Operating Income for the three months ended in Mar. 2024 was €71 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €31,910 Mil.

American Airlines Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	70.84	/	-457.24
	=	0.15

The higher the ratio, the stronger the company's financial strength is.

American Airlines Group (WBO:AAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » American Airlines Group Inc (WBO:AAL) » Definitions » Interest Expense

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Address

1 Skyview Drive, Fort Worth, TX, USA, 76155

Website

https://www.americanairlines.in

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.