Common-Size Income Statement
Quarterly Data

American Airlines Group Inc., common-size consolidated income statement (quarterly data)

3 months ended:	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Passenger	91.95%	92.13%	92.34%	91.09%	91.99%	92.08%	91.07%	87.85%	88.91%	88.72%	87.52%	79.32%	79.19%	80.05%	68.31%	90.21%	91.45%	92.31%	92.07%	91.25%
Cargo	1.52%	1.43%	1.40%	1.83%	1.99%	2.07%	2.44%	4.09%	3.62%	3.70%	4.36%	7.86%	7.08%	6.52%	8.01%	1.73%	1.91%	1.75%	1.85%	2.06%
Other	6.53%	6.44%	6.26%	7.08%	6.03%	5.85%	6.49%	8.06%	7.47%	7.58%	8.12%	12.82%	13.73%	13.43%	23.67%	8.07%	6.64%	5.94%	6.09%	6.69%
Operating revenues	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Aircraft fuel and related taxes	-24.18%	-23.80%	-19.37%	-25.98%	-25.95%	-28.58%	-29.95%	-28.12%	-23.28%	-21.76%	-21.54%	-25.80%	-12.81%	-14.28%	-13.38%	-16.38%	-16.05%	-16.70%	-16.68%	-16.31%
Salaries, wages and benefits	-28.25%	-29.48%	-25.86%	-26.92%	-24.26%	-25.14%	-24.10%	-35.44%	-34.02%	-33.65%	-38.27%	-68.11%	-63.99%	-85.25%	-156.47%	-36.88%	-27.40%	-27.03%	-26.76%	-29.20%
Regional expenses	-9.03%	-8.66%	-8.20%	-9.37%	-8.24%	-8.72%	-7.99%	-11.82%	-11.21%	-9.89%	-8.49%	-15.59%	-31.11%	-28.81%	-49.38%	-22.60%	-16.96%	-16.23%	-15.77%	-16.66%
Maintenance, materials and repairs	-6.70%	-6.45%	-5.75%	-5.84%	-5.57%	-5.09%	-4.82%	-6.93%	-6.32%	-6.11%	-6.14%	-9.38%	-8.19%	-10.62%	-17.69%	-7.39%	-5.60%	-5.12%	-4.81%	-5.30%
Other rent and landing fees	-5.46%	-5.53%	-5.42%	-5.81%	-4.91%	-5.27%	-5.17%	-7.62%	-7.10%	-7.74%	-9.17%	-14.22%	-9.59%	-11.57%	-19.42%	-5.50%	-4.30%	-4.45%	-4.47%	-4.75%
Aircraft rent	-2.60%	-2.54%	-2.45%	-2.82%	-2.65%	-2.58%	-2.57%	-3.97%	-3.82%	-3.99%	-4.76%	-8.76%	-8.37%	-10.59%	-20.59%	-3.92%	-2.92%	-2.81%	-2.79%	-3.09%
Selling expenses	-3.38%	-3.19%	-3.48%	-3.59%	-3.67%	-3.68%	-3.76%	-3.73%	-3.73%	-3.55%	-3.70%	-3.77%	-2.36%	-2.21%	-2.65%	-3.58%	-3.60%	-3.56%	-3.35%	-3.50%
Depreciation and amortization	-3.67%	-3.61%	-3.44%	-3.99%	-3.72%	-3.65%	-3.76%	-5.53%	-6.15%	-5.35%	-6.43%	-11.93%	-11.99%	-15.69%	-30.76%	-6.58%	-4.54%	-4.19%	-4.09%	-4.54%
Special items, net	-0.07%	-7.04%	0.00%	-0.11%	-0.03%	-0.27%	0.04%	-1.76%	0.21%	11.04%	17.22%	42.61%	0.00%	9.30%	92.11%	-13.29%	-1.31%	-1.91%	-1.01%	-1.30%
Other	-11.64%	-11.36%	-10.64%	-11.98%	-10.51%	-10.12%	-10.35%	-14.44%	-12.85%	-12.36%	-12.81%	-17.86%	-14.03%	-20.77%	-35.02%	-13.82%	-10.86%	-11.22%	-10.63%	-11.82%
Operating expenses	-94.98%	-101.65%	-84.61%	-96.41%	-89.51%	-93.09%	-92.42%	-119.36%	-108.27%	-93.37%	-94.10%	-132.81%	-162.45%	-190.48%	-253.27%	-129.94%	-93.56%	-93.22%	-90.36%	-96.46%
Operating income (loss)	5.02%	-1.65%	15.39%	3.59%	10.49%	6.91%	7.58%	-19.36%	-8.27%	6.63%	5.90%	-32.81%	-62.45%	-90.48%	-153.27%	-29.94%	6.44%	6.78%	9.64%	3.54%
Interest income	1.04%	1.25%	1.15%	1.03%	0.83%	0.52%	0.22%	0.09%	0.04%	0.06%	0.07%	0.10%	0.12%	0.16%	0.62%	0.25%	0.22%	0.29%	0.29%	0.31%
Interest expense, net	-3.98%	-3.98%	-3.90%	-4.43%	-4.03%	-3.71%	-3.49%	-5.20%	-4.95%	-5.31%	-6.50%	-9.26%	-9.34%	-10.72%	-15.66%	-3.02%	-2.34%	-2.38%	-2.30%	-2.56%
Other income (expense), net	-1.85%	-0.73%	-0.10%	-0.05%	0.39%	1.17%	0.19%	1.03%	0.56%	0.91%	0.66%	2.72%	1.91%	3.50%	4.38%	-1.23%	0.73%	-0.01%	-0.26%	1.02%
Nonoperating expense, net	-4.78%	-3.46%	-2.85%	-3.45%	-2.82%	-2.02%	-3.08%	-4.08%	-4.35%	-4.34%	-5.78%	-6.44%	-7.30%	-7.06%	-10.67%	-4.00%	-1.39%	-2.11%	-2.27%	-1.23%
Income (loss) before income taxes	0.24%	-5.12%	12.54%	0.14%	7.67%	4.89%	4.49%	-23.44%	-12.62%	2.30%	0.12%	-39.25%	-69.75%	-97.54%	-163.93%	-33.94%	5.06%	4.68%	7.37%	2.31%
Income tax (provision) benefit	-0.09%	1.08%	-3.02%	-0.06%	-1.58%	-1.30%	-0.95%	5.07%	2.75%	-0.41%	0.13%	8.06%	15.67%	21.94%	36.50%	7.62%	-1.40%	-1.11%	-1.84%	-0.57%
Net income (loss)	0.15%	-4.04%	9.52%	0.08%	6.09%	3.59%	3.55%	-18.37%	-9.88%	1.88%	0.25%	-31.19%	-54.08%	-75.61%	-127.44%	-26.32%	3.66%	3.57%	5.54%	1.75%

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Income statement item	Description	The company
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	American Airlines Group Inc. operating income (loss) as a percentage of operating revenues decreased from Q2 2023 to Q3 2023 but then slightly increased from Q3 2023 to Q4 2023.
Income (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	American Airlines Group Inc. income (loss) before income taxes as a percentage of operating revenues decreased from Q2 2023 to Q3 2023 but then slightly increased from Q3 2023 to Q4 2023.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	American Airlines Group Inc. net income (loss) as a percentage of operating revenues decreased from Q2 2023 to Q3 2023 but then slightly increased from Q3 2023 to Q4 2023.

American Airlines Group Inc. (NASDAQ:AAL)

Common-Size Income StatementQuarterly Data

Common-Size Income Statement
Quarterly Data