What is the current annual operating margin of AAL?

As of today, AAL annual operating margin is 2.98%

What is 1-year change in AAL annual operating margin?

AAL annual operating margin is down -50.42% year-over-year

What is 3-year change in AAL annual operating margin?

AAL annual operating margin is down -19.24% over the past 3 years

How far is AAL annual operating margin from its all-time high?

AAL annual operating margin is currently -83.25% below its historical high of 17.79% set on December 31, 2015

How does AAL annual operating margin rank versus sector peers?

AAL annual operating margin is higher than 43.30% of companies in Industrials sector

When is AAL next annual earnings release?

The next annual earnings release for AAL is on January 26, 2027

What is the current quarterly operating margin of AAL?

As of today, AAL quarterly operating margin is 0.76%

What is AAL quarterly operating margin most recent change?

AAL quarterly operating margin was down -71.96% on September 30, 2026

What is 1-year change in AAL quarterly operating margin?

AAL quarterly operating margin is down -33.91% year-over-year

How far is AAL quarterly operating margin from its all-time high?

AAL quarterly operating margin is currently -96.24% below its historical high of 20.21% set on September 30, 2015

How does AAL quarterly operating margin rank versus sector peers?

AAL quarterly operating margin is higher than 28.64% of companies in Industrials sector

When is AAL next earnings release?

The next earnings release for AAL is on January 26, 2027

AAL Operating Margin History & Chart Since 1980

Annual Operating Margin

2.98%3.03%-50.42%

December 31, 2025

Summary

Current Value: As of today, AAL annual operating margin is 2.98%, down -50.42% on December 31, 2025
Historical Performance: AAL annual operating margin is down -19.24% over the past 3 years, up +104.54% over the past 5 years
All-Time High Comparison: AAL annual operating margin is currently -83.25% below its historical high of 17.79% set on December 31, 2015
3-Year Low Comparison: AAL annual operating margin is at its 3-year low
Sector Comparison: AAL annual operating margin is higher than 43.30% of companies in Industrials sector

Operating Margin Chart

beforeafter

Performance

AAL Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	2.98%	-50.4%	-19.2%	+104.5%	+46.8%
Quarterly Operating Margin	Sep 30, 26	0.76%	-33.9%	-85.9%	+114.8%	+484.6%
Price	Nov 5, 26	$12.79	-4.7%	+6.7%	-41.4%	+132.4%
PE Ratio	Nov 5, 26	-	–	–	–	–
Annual Revenue	Dec 31, 25	$54.63B	+0.8%	+11.6%	+215.1%	+146.4%
Annual Operating Profit	Dec 31, 25	$1.63B	-50.1%	-9.9%	+114.3%	+261.3%
Annual Gross Margin	Dec 31, 25	19.17%	-9.6%	+3.9%	+145.4%	+2.3%
Annual Net Margin	Dec 31, 25	0.20%	-87.2%	-23.1%	+100.4%	+109.4%

Operating Margin Highs

AAL Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	7.60%	Dec 31, 23	-60.8%
5Y	7.60%	Dec 31, 23	-60.8%
All	17.79%	Dec 31, 15	-83.3%

Operating Margin Lows

AAL Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	2.98%	Dec 31, 25	at low
5Y	-65.68%	N/A	+104.5%
All	-65.68%	Dec 31, 20	+104.5%

Operating Margin History

Year	Value	Change
2025	2.98%	-50.4%
2024	6.01%	-20.9%
2023	7.60%	+106.0%
2022	3.69%	+120.0%
2021	-18.45%	+71.9%
2020	-65.68%	-910.9%
2019	8.10%	+4.7%
2018	7.74%	-33.6%
2017	11.65%	-22.1%
2016	14.95%	-16.0%
2015	17.79%	+49.5%
2014	11.90%	+64.8%
2013	7.22%	+261.0%
2012	2.00%	+171.7%
2011	-2.79%	-237.4%
2010	2.03%	+323.1%
2009	-0.91%	+68.0%
2008	-2.84%	-167.5%
2007	4.21%	-10.4%
2006	4.70%	+1,144.4%
2005	-0.45%	+36.6%
2004	-0.71%	+84.4%
2003	-4.56%	+69.9%

Year	Value	Change
2002	-15.16%	-54.5%
2001	-9.81%	-239.9%
2000	7.01%	+7.5%
1999	6.52%	-46.4%
1998	12.17%	+17.4%
1997	10.37%	-11.9%
1996	11.77%	+28.6%
1995	9.15%	+14.9%
1994	7.96%	+82.6%
1993	4.36%	+2,664.7%
1992	-0.17%	-525.0%
1991	0.04%	-96.2%
1990	1.06%	-85.1%
1989	7.10%	-22.3%
1988	9.14%	+42.6%
1987	6.41%	-6.1%
1986	6.83%	-21.9%
1985	8.75%	+27.2%
1984	6.88%	+16.4%
1983	5.91%	+2,586.4%
1982	0.22%	-87.5%
1981	1.76%	+177.9%
1980	-2.26%	-

FAQ

What is the current annual operating margin of AAL?: As of today, AAL annual operating margin is 2.98%
What is 1-year change in AAL annual operating margin?: AAL annual operating margin is down -50.42% year-over-year
What is 3-year change in AAL annual operating margin?: AAL annual operating margin is down -19.24% over the past 3 years
How far is AAL annual operating margin from its all-time high?: AAL annual operating margin is currently -83.25% below its historical high of 17.79% set on December 31, 2015
How does AAL annual operating margin rank versus sector peers?: AAL annual operating margin is higher than 43.30% of companies in Industrials sector
When is AAL next annual earnings release?: The next annual earnings release for AAL is on January 26, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

0.76%1.95%-71.96%

September 30, 2026

Summary

Current Value: As of today, AAL quarterly operating margin is 0.76%, down -71.96% on September 30, 2026
Historical Performance: AAL quarterly operating margin is down -33.91% year-over-year, down -85.93% over the past 3 years
All-Time High Comparison: AAL quarterly operating margin is currently -96.24% below its historical high of 20.21% set on September 30, 2015
3-Year Low Comparison: AAL quarterly operating margin is +147.80% above its 3-year low of -1.59% reached on March 31, 2025
Sector Comparison: AAL quarterly operating margin is higher than 28.64% of companies in Industrials sector

Performance

AAL Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	0.76%	-72.0%	-33.9%	-85.9%	+114.8%
Annual Operating Margin	Dec 31, 25	2.98%	–	-50.4%	-19.2%	+104.5%
Price	Nov 5, 26	$12.79	-22.9%	-4.7%	+6.7%	-41.4%
PE Ratio	Nov 5, 26	-	–	–	–	–
Quarterly Revenue	Sep 30, 26	$16.34B	-2.4%	+19.3%	+21.2%	+82.1%
Quarterly Operating Profit	Sep 30, 26	$124.00M	-72.6%	-21.5%	-83.0%	+126.8%
Quarterly Gross Margin	Sep 30, 26	16.21%	-9.3%	-6.6%	-18.8%	+50.6%
Quarterly Net Margin	Sep 30, 26	-1.65%	-492.9%	-98.8%	+59.2%	-187.8%

Quarterly Operating Margin Highs

AAL Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	3.47%	Dec 31, 25	-78.1%
3Y	9.66%	Jun 30, 24	-92.1%
5Y	15.43%	Jun 30, 23	-95.1%
All	20.21%	Sep 30, 15	-96.2%

Quarterly Operating Margin Lows

AAL Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	-0.19%	Mar 31, 26	+500.0%
3Y	-1.59%	Mar 31, 25	+147.8%
5Y	-17.60%	Mar 31, 22	+104.3%
All	-275.92%	Dec 31, 85	+100.3%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	0.76%	-72.0%
Jun 2026	2.71%	+1,526.3%
Mar 2026	-0.19%	-105.5%
Dec 2025	3.47%	+201.7%
Sep 2025	1.15%	-86.0%
Jun 2025	8.21%	+616.4%
Mar 2025	-1.59%	-119.4%
Dec 2024	8.20%	+74.1%
Sep 2024	4.71%	-51.2%
Jun 2024	9.66%	+1,483.6%
Mar 2024	0.61%	-88.0%
Dec 2023	5.09%	-5.7%
Sep 2023	5.40%	-65.0%
Jun 2023	15.43%	+317.0%
Mar 2023	3.70%	-64.9%
Dec 2022	10.54%	+46.4%
Sep 2022	7.20%	-4.5%
Jun 2022	7.54%	+142.8%
Mar 2022	-17.60%	-107.3%
Dec 2021	-8.49%	-64.9%
Sep 2021	-5.15%	+62.0%
Jun 2021	-13.56%	+83.2%
Mar 2021	-80.79%	-29.4%
Dec 2020	-62.44%	+41.6%
Sep 2020	-106.84%	+58.3%
Jun 2020	-256.35%	-1,548.6%
Mar 2020	-15.55%	-300.6%
Dec 2019	7.75%	-11.4%
Sep 2019	8.75%	-17.8%
Jun 2019	10.65%	+119.6%
Mar 2019	4.85%	-31.5%
Dec 2018	7.08%	-8.4%
Sep 2018	7.73%	-24.1%
Jun 2018	10.19%	+70.7%
Mar 2018	5.97%	-32.8%
Dec 2017	8.88%	-28.6%
Sep 2017	12.43%	-22.6%
Jun 2017	16.05%	+83.6%
Mar 2017	8.74%	-16.6%
Dec 2016	10.48%	-35.6%
Sep 2016	16.28%	-7.1%
Jun 2016	17.52%	+14.9%
Mar 2016	15.25%	-2.7%
Dec 2015	15.67%	-22.5%
Sep 2015	20.21%	+4.0%
Jun 2015	19.43%	+24.6%
Mar 2015	15.59%	+19.5%
Dec 2014	13.05%	-1.5%
Sep 2014	13.25%	-8.8%
Jun 2014	14.53%	+146.3%
Mar 2014	5.90%	-29.3%
Dec 2013	8.35%	-21.2%
Sep 2013	10.60%	+32.7%
Jun 2013	7.99%	+500.8%
Mar 2013	1.33%	+27.9%
Dec 2012	1.04%	-75.4%
Sep 2012	4.23%	+6.3%
Jun 2012	3.98%	+324.9%
Mar 2012	-1.77%	+20.3%
Dec 2011	-2.22%	-1,807.7%
Sep 2011	0.13%	+103.7%
Jun 2011	-3.50%	+41.9%
Mar 2011	-6.02%	-593.4%
Dec 2010	1.22%	-80.4%
Sep 2010	6.21%	+35.6%
Jun 2010	4.58%	+193.7%
Mar 2010	-4.89%	-4.0%
Dec 2009	-4.70%	-859.2%
Sep 2009	-0.49%	+88.2%
Jun 2009	-4.15%	-330.6%
Mar 2009	1.80%	+157.0%
Dec 2008	-3.16%	-7.5%
Sep 2008	-2.94%	-44.1%
Jun 2008	-2.04%	+37.8%
Mar 2008	-3.28%	-171.1%
Dec 2007	-1.21%	-122.5%
Sep 2007	5.37%	-32.4%
Jun 2007	7.94%	+73.7%

Month	Value	Change
Mar 2007	4.57%	+33.2%
Dec 2006	3.43%	-29.4%
Sep 2006	4.86%	-39.0%
Jun 2006	7.97%	+270.7%
Mar 2006	2.15%	+128.9%
Dec 2005	-7.43%	-1,146.5%
Sep 2005	0.71%	-83.5%
Jun 2005	4.31%	+797.9%
Mar 2005	0.48%	+107.4%
Dec 2004	-6.50%	-584.2%
Sep 2004	-0.95%	-127.8%
Jun 2004	3.42%	+267.7%
Mar 2004	0.93%	-23.1%
Dec 2003	1.21%	-60.5%
Sep 2003	3.06%	-18.8%
Jun 2003	3.77%	+117.9%
Mar 2003	-21.09%	-30.1%
Dec 2002	-16.21%	-18.8%
Sep 2002	-13.64%	-1.6%
Jun 2002	-13.42%	+23.9%
Mar 2002	-17.63%	+35.9%
Dec 2001	-27.50%	-1,885.7%
Sep 2001	1.54%	+214.9%
Jun 2001	-1.34%	-472.2%
Mar 2001	0.36%	-78.2%
Dec 2000	1.65%	-84.8%
Sep 2000	10.88%	+5.4%
Jun 2000	10.32%	+122.9%
Mar 2000	4.63%	+342.4%
Dec 1999	-1.91%	-118.0%
Sep 1999	10.62%	+4.3%
Jun 1999	10.18%	+189.2%
Mar 1999	3.52%	-51.5%
Dec 1998	7.26%	-50.0%
Sep 1998	14.51%	0.0%
Jun 1998	14.51%	+23.4%
Mar 1998	11.76%	+128.7%
Dec 1997	-40.92%	-90.9%
Sep 1997	-21.44%	+0.6%
Jun 1997	-21.58%	+21.0%
Mar 1997	-27.32%	+16.5%
Dec 1996	-32.73%	-49.3%
Sep 1996	-21.92%	+1.0%
Jun 1996	-22.15%	+18.8%
Mar 1996	-27.27%	+77.8%
Dec 1995	-122.66%	-398.4%
Sep 1995	-24.61%	+0.9%
Jun 1995	-24.84%	+23.0%
Mar 1995	-32.24%	+1.7%
Dec 1994	-32.79%	-33.7%
Sep 1994	-24.52%	+7.3%
Jun 1994	-26.46%	+24.1%
Mar 1994	-34.87%	-673.2%
Dec 1993	-4.51%	-150.9%
Sep 1993	8.86%	+1,803.8%
Jun 1993	-0.52%	+93.0%
Mar 1993	-7.38%	-24.0%
Dec 1992	-5.95%	-5,309.1%
Sep 1992	-0.11%	-107.2%
Jun 1992	1.53%	-60.9%
Mar 1992	3.91%	+420.5%
Dec 1991	-1.22%	-122.9%
Sep 1991	5.32%	+70.0%
Jun 1991	3.13%	+136.0%
Mar 1991	-8.70%	-6.6%
Dec 1990	-8.16%	-273.6%
Sep 1990	4.70%	-40.2%
Jun 1990	7.86%	+2,635.5%
Mar 1990	-0.31%	-111.4%
Dec 1989	2.71%	-68.0%
Sep 1989	8.46%	-19.8%
Jun 1989	10.55%	+104.4%
Dec 1988	-238.59%	+7.5%
Dec 1987	-257.95%	+5.9%
Dec 1986	-274.17%	+0.6%
Dec 1985	-275.92%	-2.6%
Dec 1984	-269.00%	-

FAQ

What is the current quarterly operating margin of AAL?: As of today, AAL quarterly operating margin is 0.76%
What is AAL quarterly operating margin most recent change?: AAL quarterly operating margin was down -71.96% on September 30, 2026
What is 1-year change in AAL quarterly operating margin?: AAL quarterly operating margin is down -33.91% year-over-year
How far is AAL quarterly operating margin from its all-time high?: AAL quarterly operating margin is currently -96.24% below its historical high of 20.21% set on September 30, 2015
How does AAL quarterly operating margin rank versus sector peers?: AAL quarterly operating margin is higher than 28.64% of companies in Industrials sector
When is AAL next earnings release?: The next earnings release for AAL is on January 26, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

AAL Official Website www.aa.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/6201/000000620126000008/0000006201-26-000008-index.htm
AAL Profile on Yahoo Finance finance.yahoo.com/quote/AAL
AAL Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/aal