• American Airlines Group average return on tangible equity for 2023 was -14.15, a 238.05% decline from 2022.
• American Airlines Group average return on tangible equity for 2022 was 10.25, a 72.39% decline from 2021.
• American Airlines Group average return on tangible equity for 2021 was 37.12, a 29.11% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.