American Balance Sheet Analysis From 2010 to 2024

AAL Stock  USD 14.11  0.15  1.07%   
Most indicators from American Airlines' financial ratios are interrelated and interconnected. However, analyzing financial ratios indicators one by one will only give a small insight into American Airlines current financial condition. On the other hand, looking into the entire matrix of financial ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out American Airlines Valuation and American Airlines Correlation analysis.
  
Tax Provision is expected to rise to about 313.9 M this year, although the value of Selling General Administrative will most likely fall to about 1.7 B.
Most indicators from American Airlines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Airlines current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out American Airlines Valuation and American Airlines Correlation analysis.
Tax Provision is expected to rise to about 313.9 M this year, although the value of Selling General Administrative will most likely fall to about 1.7 B.
 2021 2022 2023 2024 (projected)
Total Operating Expenses5.1B7.2B7.8B8.5B
Cost Of Revenue29.9B39.9B41.0B43.0B

American Airlines fundamental ratios Correlations

0.830.30.79-0.060.960.840.02-0.390.990.240.580.830.660.950.690.360.310.850.750.740.790.70.69-0.620.64
0.830.060.93-0.310.811.0-0.12-0.080.820.310.680.640.740.830.930.120.130.970.60.930.690.920.62-0.60.53
0.30.060.220.040.140.06-0.4-0.020.220.230.450.370.250.260.070.650.530.190.550.00.12-0.030.48-0.150.51
0.790.930.22-0.270.770.93-0.190.030.780.350.690.760.770.750.960.20.190.960.610.910.760.930.57-0.550.72
-0.06-0.310.04-0.27-0.01-0.310.75-0.030.0-0.31-0.360.080.14-0.33-0.330.140.34-0.37-0.27-0.35-0.02-0.39-0.31-0.44-0.28
0.960.810.140.77-0.010.830.21-0.440.990.140.370.780.610.90.70.140.160.820.550.80.780.720.48-0.580.58
0.841.00.060.93-0.310.83-0.11-0.120.830.310.670.640.730.840.920.130.130.970.610.930.690.920.62-0.590.54
0.02-0.12-0.4-0.190.750.21-0.11-0.30.15-0.4-0.59-0.04-0.01-0.17-0.16-0.37-0.17-0.23-0.5-0.060.09-0.12-0.5-0.27-0.34
-0.39-0.08-0.020.03-0.03-0.44-0.12-0.3-0.42-0.10.13-0.10.04-0.430.15-0.020.02-0.13-0.13-0.06-0.06-0.02-0.15-0.16-0.24
0.990.820.220.780.00.990.830.15-0.420.180.460.80.650.920.690.250.250.830.630.770.780.70.57-0.620.61
0.240.310.230.35-0.310.140.31-0.4-0.10.180.370.420.250.280.360.060.150.320.430.250.320.370.38-0.020.22
0.580.680.450.69-0.360.370.67-0.590.130.460.370.510.590.620.610.620.370.730.880.450.410.590.93-0.450.54
0.830.640.370.760.080.780.64-0.04-0.10.80.420.510.660.710.670.370.40.690.70.590.880.640.55-0.590.65
0.660.740.250.770.140.610.73-0.010.040.650.250.590.660.530.710.250.670.710.50.640.590.650.49-0.630.53
0.950.830.260.75-0.330.90.84-0.17-0.430.920.280.620.710.530.670.310.190.860.780.740.690.710.74-0.440.64
0.690.930.070.96-0.330.70.92-0.160.150.690.360.610.670.710.670.020.050.920.50.930.750.960.46-0.530.55
0.360.120.650.20.140.140.13-0.37-0.020.250.060.620.370.250.310.020.550.240.68-0.10.03-0.070.66-0.440.37
0.310.130.530.190.340.160.13-0.170.020.250.150.370.40.670.190.050.550.160.43-0.010.12-0.060.39-0.370.29
0.850.970.190.96-0.370.820.97-0.23-0.130.830.320.730.690.710.860.920.240.160.670.920.680.910.66-0.520.71
0.750.60.550.61-0.270.550.61-0.5-0.130.630.430.880.70.50.780.50.680.430.670.380.560.490.97-0.440.58
0.740.930.00.91-0.350.80.93-0.06-0.060.770.250.450.590.640.740.93-0.1-0.010.920.380.690.910.36-0.450.54
0.790.690.120.76-0.020.780.690.09-0.060.780.320.410.880.590.690.750.030.120.680.560.690.760.44-0.490.52
0.70.92-0.030.93-0.390.720.92-0.12-0.020.70.370.590.640.650.710.96-0.07-0.060.910.490.910.760.48-0.390.58
0.690.620.480.57-0.310.480.62-0.5-0.150.570.380.930.550.490.740.460.660.390.660.970.360.440.48-0.410.51
-0.62-0.6-0.15-0.55-0.44-0.58-0.59-0.27-0.16-0.62-0.02-0.45-0.59-0.63-0.44-0.53-0.44-0.37-0.52-0.44-0.45-0.49-0.39-0.41-0.08
0.640.530.510.72-0.280.580.54-0.34-0.240.610.220.540.650.530.640.550.370.290.710.580.540.520.580.51-0.08
Click cells to compare fundamentals

American Airlines Account Relationship Matchups

American Airlines fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets60.0B62.0B66.4B64.7B63.1B34.1B
Other Current Liab3.7B4.1B4.3B4.7B5.1B3.5B
Net Debt33.2B40.8B45.9B43.2B39.2B41.1B
Retained Earnings2.3B(6.7B)(8.6B)(8.5B)(7.7B)(7.3B)
Cash280M245M273M440M1.5B1.6B
Net Receivables1.8B1.3B1.5B2.1B2.0B1.3B
Inventory1.9B1.6B1.8B2.3B2.4B2.5B
Other Current Assets779M1.3B1.6B892M658M782.8M
Total Liab60.1B68.9B73.8B70.5B68.3B71.7B
Total Current Assets8.2B11.1B17.3B15.3B13.6B7.3B
Short Term Debt4.6B4.4B4.0B4.7B4.9B5.2B
Accounts Payable2.1B1.2B1.8B2.1B2.4B1.4B
Intangible Assets2.1B2.0B2.0B2.1B2.1B1.7B
Long Term Debt21.5B29.8B35.6B32.4B29.3B18.7B
Long Term Debt Total21.5B29.8B35.6B32.4B37.2B39.1B
Other Liab12.9B15.7B12.6B10.1B9.1B10.4B
Net Tangible Assets(6.3B)(13.0B)(13.4B)(5.8B)(5.2B)(5.5B)
Other Assets3.4B6.3B6.2B5.4B6.2B5.5B
Net Invested Capital24.2B25.7B30.7B29.9B27.7B29.8B
Short Long Term Debt2.9B2.8B2.5B3.3B3.6B3.4B
Net Working Capital(10.1B)(5.5B)(1.7B)(6.2B)(8.5B)(8.9B)

American Airlines Investors Sentiment

The influence of American Airlines' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in American. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to American Airlines' public news can be used to forecast risks associated with an investment in American. The trend in average sentiment can be used to explain how an investor holding American can time the market purely based on public headlines and social activities around American Airlines Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
American Airlines' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for American Airlines' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average American Airlines' news discussions. The higher the estimated score, the more favorable is the investor's outlook on American Airlines.

American Airlines Implied Volatility

    
  39.11  
American Airlines' implied volatility exposes the market's sentiment of American Airlines Group stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if American Airlines' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that American Airlines stock will not fluctuate a lot when American Airlines' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards American Airlines in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, American Airlines' short interest history, or implied volatility extrapolated from American Airlines options trading.

Pair Trading with American Airlines

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American Airlines position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American Airlines will appreciate offsetting losses from the drop in the long position's value.

Moving against American Stock

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The ability to find closely correlated positions to American Airlines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Airlines when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Airlines - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Airlines Group to buy it.
The correlation of American Airlines is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Airlines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Airlines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American Airlines can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether American Airlines is a strong investment it is important to analyze American Airlines' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact American Airlines' future performance. For an informed investment choice regarding American Stock, refer to the following important reports:
Check out American Airlines Valuation and American Airlines Correlation analysis.
Note that the American Airlines information on this page should be used as a complementary analysis to other American Airlines' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

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Is American Airlines' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of American Airlines. If investors know American will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about American Airlines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.97)
Earnings Share
1.21
Revenue Per Share
80.764
Quarterly Revenue Growth
(0.01)
Return On Assets
0.0396
The market value of American Airlines is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Airlines' value that differs from its market value or its book value, called intrinsic value, which is American Airlines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because American Airlines' market value can be influenced by many factors that don't directly affect American Airlines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between American Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if American Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Airlines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.