AAL vs LUV
American Airlines Group Inc. and Southwest Airlines Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AAL | LUV |
|---|---|---|
| Revenue | $54.6B | $28.1B |
| Net income | $111.0M | $441.0M |
| Gross margin | · | · |
| Net margin | 0.2% | 1.6% |
| Return on equity | · | 4.8% |
| Diluted EPS | $0.17 | $0.79 |
| Dividend / share | · | $0.72 |
| Payout ratio | · | 90.5% |
| Free cash flow | $-680.0M | $-831.0M |
| Equity | $-3.7B | $8.0B |
| Net debt / equity | · | 0.21× |
| Current ratio | 0.50× | 0.52× |
| Revenue CAGR 5y | 25.8% | 25.4% |
| Profit CAGR 5y | · | · |
AAL bills 1.9× the revenue of LUV, and LUV keeps more of each dollar of revenue as profit (1.6% against 0.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AAL | LUV |
|---|---|---|
| FY2025 | $54.6B | $28.1B |
| FY2024 | $54.2B | $27.5B |
| FY2023 | $52.8B | $26.1B |
| FY2022 | $49.0B | $23.8B |
| FY2021 | $29.9B | $15.8B |
| FY2020 | $17.3B | $9.0B |
| FY2019 | $45.8B | $22.4B |
| FY2018 | $44.5B | $22.0B |
| FY2017 | $42.6B | $21.1B |
| FY2016 | $40.1B | $20.3B |
Bottom line
| Fiscal year | AAL | LUV |
|---|---|---|
| FY2025 | $111.0M | $441.0M |
| FY2024 | $846.0M | $465.0M |
| FY2023 | $822.0M | $465.0M |
| FY2022 | $127.0M | $539.0M |
| FY2021 | $-2.0B | $977.0M |
| FY2020 | $-8.9B | $-3.1B |
| FY2019 | $1.7B | $2.3B |
| FY2018 | $1.4B | $2.5B |
| FY2017 | $1.3B | $3.4B |
| FY2016 | $2.6B | $2.2B |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$26,570,000,000 | AAL |
| FY2024 | +$26,728,000,000 | AAL |
| FY2023 | +$26,697,000,000 | AAL |
| FY2022 | +$25,157,000,000 | AAL |
| FY2021 | +$14,092,000,000 | AAL |
| FY2020 | +$8,289,000,000 | AAL |
| FY2019 | +$23,340,000,000 | AAL |
| FY2018 | +$22,576,000,000 | AAL |
| FY2017 | +$21,476,000,000 | AAL |
| FY2016 | +$19,853,000,000 | AAL |
| FY2015 | +$21,170,000,000 | AAL |
| FY2014 | +$24,045,000,000 | AAL |
| FY2013 | +$9,044,000,000 | AAL |
| FY2012 | +$7,767,000,000 | AAL |
| FY2011 | +$8,321,000,000 | AAL |
| FY2010 | +$10,066,000,000 | AAL |
| FY2009 | +$9,567,000,000 | AAL |
| FY2008 | +$12,743,000,000 | AAL |
AAL has reported the higher revenue in every one of these 18 fiscal years. The gap has widened since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −1.4 pp | LUV |
| FY2024 | −0.1 pp | LUV |
| FY2023 | −0.2 pp | LUV |
| FY2022 | −2.0 pp | LUV |
| FY2021 | −12.9 pp | LUV |
| FY2020 | −17.3 pp | LUV |
| FY2019 | −6.6 pp | LUV |
| FY2018 | −8.1 pp | LUV |
| FY2017 | −12.9 pp | LUV |
| FY2016 | −4.3 pp | LUV |
| FY2015 | +7.6 pp | AAL |
| FY2014 | +0.7 pp | AAL |
| FY2013 | −11.1 pp | LUV |
| FY2012 | −10.0 pp | LUV |
| FY2011 | −9.4 pp | LUV |
| FY2010 | −5.9 pp | LUV |
| FY2009 | −8.3 pp | LUV |
| FY2008 | −10.5 pp | LUV |
The higher net margin has changed hands between AAL and LUV over this period.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AAL's net margin has been more volatile than LUV's over the 18 comparable fiscal years — 13.5 percentage points of standard deviation against 10.0.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AAL and LUV over these 18 fiscal years — AAL led in 2 and LUV in 16.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.