• American Airlines Group average gross margin for 2023 was 26.54%, a 50.54% decline from 2022.
• American Airlines Group average gross margin for 2022 was 17.63%, a 192.16% increase from 2021.
• American Airlines Group average gross margin for 2021 was -19.13%, a 827.38% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.