Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

American Airlines Group Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Passenger	48,512)	44,568)	26,063)	14,518)	42,010)
Cargo	812)	1,233)	1,314)	769)	863)
Other	3,464)	3,170)	2,505)	2,050)	2,895)
Operating revenues	52,788)	48,971)	29,882)	17,337)	45,768)
Aircraft fuel and related taxes	(12,257)	(13,791)	(6,792)	(2,581)	(7,526)
Salaries, wages and benefits	(14,580)	(12,972)	(11,817)	(10,960)	(12,609)
Regional expenses	(4,643)	(4,385)	(3,204)	(4,892)	(7,501)
Maintenance, materials and repairs	(3,265)	(2,684)	(1,979)	(1,583)	(2,380)
Other rent and landing fees	(2,928)	(2,730)	(2,619)	(1,536)	(2,055)
Aircraft rent	(1,369)	(1,395)	(1,425)	(1,341)	(1,326)
Selling expenses	(1,799)	(1,815)	(1,098)	(513)	(1,602)
Depreciation and amortization	(1,936)	(1,977)	(2,019)	(2,040)	(1,982)
Labor contract expenses	(989)	—)	—)	(228)	—)
Severance expenses	(23)	—)	(168)	(1,408)	(11)
Fleet impairment	—)	(149)	—)	(1,484)	(213)
Litigation reserve adjustments	—)	(37)	19)	—)	53)
PSP Financial Assistance	—)	—)	4,162)	3,710)	—)
Mark-to-market adjustments on bankruptcy obligations, net	—)	—)	3)	49)	11)
Fleet restructuring expenses	—)	—)	—)	—)	(271)
Merger integration expenses	—)	—)	—)	—)	(191)
Other operating special items, net	41)	(7)	(10)	18)	(13)
Mainline operating special items, net	(971)	(193)	4,006)	657)	(635)
Other	(6,006)	(5,422)	(3,994)	(2,969)	(5,087)
Operating expenses	(49,754)	(47,364)	(30,941)	(27,758)	(42,703)
Operating income (loss)	3,034)	1,607)	(1,059)	(10,421)	3,065)
Interest income	591)	216)	18)	41)	127)
Interest expense, net	(2,145)	(1,962)	(1,800)	(1,227)	(1,095)
Other income (expense), net	(359)	325)	293)	154)	159)
Nonoperating expense, net	(1,913)	(1,421)	(1,489)	(1,032)	(809)
Income (loss) before income taxes	1,121)	186)	(2,548)	(11,453)	2,256)
Income tax (provision) benefit	(299)	(59)	555)	2,568)	(570)
Net income (loss)	822)	127)	(1,993)	(8,885)	1,686)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Income statement item	Description	The company
Operating revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	American Airlines Group Inc. operating revenues increased from 2021 to 2022 and from 2022 to 2023.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	American Airlines Group Inc. operating income (loss) increased from 2021 to 2022 and from 2022 to 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 increased from 2021 to 2022 and from 2022 to 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) increased from 2021 to 2022 and from 2022 to 2023.

American Airlines Group Inc. (NASDAQ:AAL)

Income Statement