Filing Flows › American Airlines Group (AAL) › Operating margin
American Airlines Group (AAL) operating margin by quarter
American Airlines Group's operating margin was 2.7% in Q2 2026 (second quarter 2026), -0.6 pts from Q4 2025. Over the last 4 quarters it ranged from 2.7% (Q2 2026) to 8.3% (Q4 2024).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 2026 | 2.7% | -0.6 pts | -5.2 pts |
| Q4 2025 | 3.2% | -4.7 pts | -5.1 pts |
| Q2 2025 | 7.9% | -0.4 pts | — |
| Q4 2024 | 8.3% | — | — |
Q2 2026 at a glance
American Airlines Group, Q2 2026: revenue $16.7B (+16% year over year), operating margin 2.7%, net earnings $71.0M, operating cash flow $471M. The chart follows the revenue to costs, profit and cash.
Questions
What is American Airlines Group's operating margin?
American Airlines Group's operating margin was 2.7% in Q2 2026 (second quarter 2026), -0.6 pts from Q4 2025.
How has American Airlines Group's operating margin changed?
Over the last 4 quarters it ranged from 2.7% (Q2 2026) to 8.3% (Q4 2024).
Q2 2026 results → · How American Airlines Group makes money →