American Airlines Group Inc. (AAL) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Mainline passenger								29,037.0
Regional passenger								6,475.0
Cargo								760.0
Other								4,718.0
Total revenues [+]	48,971.0	29,882.0	17,337.0	45,768.0	44,541.0	42,622.0	40,142.0	40,990.0
Passenger								35,512.0
Cargo & freight								760.0
Other								4,718.0
Revenue growth [+]	63.9%	72.4%	-62.1%	2.8%	4.5%	6.2%	-2.1%	-3.9%
Mainline passenger								-5.7%
Regional passenger								2.4%
Cargo								-13.1%
Cost of goods sold [+]	37,957.0	27,836.0	22,523.0	32,654.0	32,651.0	29,590.0	26,891.0	26,603.0
Labor costs	12,972.0	11,817.0	11,229.0	12,895.0	12,251.0	11,954.0	10,967.0	9,524.0
Fuel costs	13,791.0	6,792.0	3,402.0	9,395.0	8,053.0	6,128.0	5,071.0	6,226.0
Lease costs	4,125.0	4,044.0	3,345.0	3,998.0	3,164.0	3,003.0	2,975.0	2,981.0
Airline capacity purchase arrangements	4,385.0	3,204.0	2,962.0	3,985.0	7,133.0	6,546.0	6,044.0	5,983.0
Aircraft maintenance, materials and repairs	2,684.0	1,979.0	1,585.0	2,381.0	2,050.0	1,959.0	1,834.0	1,889.0
Aircraft rental	1,395.0	1,425.0	1,341.0	1,326.0	1,264.0	1,197.0	1,203.0	1,250.0
Landing fees and other rentals	2,730.0	2,619.0	2,004.0	2,672.0	1,900.0	1,806.0	1,772.0	1,731.0
Gross profit	11,014.0	2,046.0	-5,186.0	13,114.0	11,890.0	13,032.0	13,251.0	14,387.0
Gross margin	22.5%	6.8%	-29.9%	28.7%	26.7%	30.6%	33.0%	35.1%
Selling, general and administrative [+]	1,815.0	1,098.0	666.0	2,004.0	1,520.0	1,477.0	1,323.0	1,394.0
Sales and marketing	1,815.0	1,098.0	666.0	2,004.0	1,520.0	1,477.0	1,323.0	1,394.0
Other operating expenses	9,050.0	3,458.0	5,554.0	8,916.0	5,088.0	4,910.0	4,634.0	4,374.0
EBITDA [+]	2,449.0	-210.0	-9,006.0	4,794.0	5,602.0	6,960.0	7,587.0	8,864.0
EBITDA growth	-1266.2%	-97.7%	-287.9%	-14.4%	-19.5%	-8.3%	-14.4%	29.8%
EBITDA margin	5.0%	-0.7%	-51.9%	10.5%	12.6%	16.3%	18.9%	21.6%
Depreciation	2,259.0	2,259.0	2,359.0	2,559.0	2,118.0	1,973.0	1,742.0	1,554.0
EBITA	190.0	-2,469.0	-11,365.0	2,235.0	3,484.0	4,987.0	5,845.0	7,310.0
EBITA margin	0.4%	-8.3%	-65.6%	4.9%	7.8%	11.7%	14.6%	17.8%
Amortization of intangibles	41.0	41.0	41.0	41.0	41.0	44.0	76.0	55.0
EBIT [+]	149.0	-2,510.0	-11,406.0	2,194.0	3,443.0	4,943.0	5,769.0	7,255.0
EBIT growth	-105.9%	-78.0%	-619.9%	-36.3%	-30.3%	-14.3%	-20.5%	36.5%
EBIT margin	0.3%	-8.4%	-65.8%	4.8%	7.7%	11.6%	14.4%	17.7%
Non-recurring items [+]					787.0	712.0	709.0	1,051.0
Unusual expense					787.0	712.0	709.0	1,051.0
Interest expense, net [+]					938.0	959.0	928.0	841.0
Interest expense					1,056.0	1,053.0	991.0	880.0
Interest income					118.0	94.0	63.0	39.0
Other income (expense), net [+]	37.0	-38.0	-47.0	62.0	166.0	123.0	20.0	-747.0
Other	37.0	-38.0	-47.0	62.0	166.0	123.0	20.0	-747.0
Pre-tax income	186.0	-2,548.0	-11,453.0	2,256.0	1,884.0	3,395.0	4,152.0	4,616.0
Income taxes	59.0	-555.0	-2,568.0	570.0	472.0	2,113.0	1,568.0	-2,994.0
Tax rate	31.7%	21.8%	22.4%	25.3%	25.1%	62.2%	37.8%
Net income	127.0	-1,993.0	-8,885.0	1,686.0	1,412.0	1,282.0	2,584.0	7,610.0
Net margin	0.3%	-6.7%	-51.2%	3.7%	3.2%	3.0%	6.4%	18.6%

Basic EPS [+]	$0.20	($3.09)	($18.36)	$3.80	$3.04	$2.62	$4.68	$11.39
Growth	-106.3%	-83.1%	-582.9%	25.0%	16.1%	-44.0%	-58.9%	183.4%
Diluted EPS [+]	$0.19	($3.09)	($18.36)	$3.79	$3.03	$2.61	$4.65	$11.07
Growth	-106.3%	-83.1%	-583.8%	25.2%	16.3%	-43.9%	-58.0%	182.0%

Dividends per share [+]			$0.10	$0.40	$0.40	$0.40	$0.40	$0.40
Growth		-100.0%	-75.0%	0.0%	0.0%	0.0%	0.0%	100.0%

Shares outstanding (basic) [+]	650.3	644.0	483.9	443.4	464.2	489.2	552.3	668.4
Growth	1.0%	33.1%	9.1%	-4.5%	-5.1%	-11.4%	-17.4%	-6.8%
Shares outstanding (diluted) [+]	655.1	644.0	483.9	444.3	465.7	491.7	556.1	687.4
Growth	1.7%	33.1%	8.9%	-4.6%	-5.3%	-11.6%	-19.1%	-6.4%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.