AAL vs UAL
American Airlines Group Inc. and United Airlines Holdings, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | AAL | UAL |
|---|---|---|
| Revenue | $54.6B | $59.1B |
| Net income | $111.0M | $3.4B |
| Gross margin | — | — |
| Net margin | 0.2% | 5.7% |
| Return on equity | 96.6% | 24.0% |
| Diluted EPS | $0.17 | $10.20 |
| Dividend / share | $0.00 | — |
| Payout ratio | −0.5% | — |
| Free cash flow | $-680.0M | $2.6B |
| Equity | $-3.7B | $15.3B |
| Net debt / equity | 3.16× | 1.00× |
| Current ratio | 0.50× | 0.65× |
| Revenue CAGR 5y | 25.8% | 30.9% |
| Profit CAGR 5y | — | — |
AAL and UAL book revenue within 15% of each other, and UAL keeps more of each dollar of revenue as profit (5.7% 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.
Advertisement
AdSense · Leaderboard 728×90 · responsive
Revenue by year
10 years side by side
| Fiscal year | AAL | UAL |
|---|---|---|
| FY2025 | $54.6B | $59.1B |
| FY2024 | $54.2B | $57.1B |
| FY2023 | $52.8B | $53.7B |
| FY2022 | $49.0B | $45.0B |
| FY2021 | $29.9B | $24.6B |
| FY2020 | $17.3B | $15.4B |
| FY2019 | $45.8B | $43.3B |
| FY2018 | $44.5B | $41.3B |
| FY2017 | $42.6B | $37.8B |
| FY2016 | $40.1B | $36.6B |
Net income by year
Bottom line
| Fiscal year | AAL | UAL |
|---|---|---|
| FY2025 | $111.0M | $3.4B |
| FY2024 | $846.0M | $3.1B |
| FY2023 | $822.0M | $2.6B |
| FY2022 | $127.0M | $737.0M |
| FY2021 | $-2.0B | $-2.0B |
| FY2020 | $-8.9B | $-7.1B |
| FY2019 | $1.7B | $3.0B |
| FY2018 | $1.4B | $2.1B |
| FY2017 | $1.3B | $2.1B |
| FY2016 | $2.6B | $2.2B |
Advertisement
AdSense · Rectangle 336×280