Revenue Analysis
Reviewing AAL’s financial data shows that Total Revenue has trended upward from $12.189 billion in 2023-03-31 to $13.482 billion in 2023-09-30, reaching $12.57 billion in 2024-03-31. Operating Revenue similarly displays a progressive increase, aligning with the total revenue trajectory. Gross Profit outlines growth from $2.349 billion in 2023-03-31 to $2.021 billion in 2024-03-31, demonstrating fluctuations yet an overall advancing trend.
Cost Management
Cost of Revenue was recorded at $9.848 billion in 2023-03-31, escalating to $10.749 billion by 2023-09-30, and slightly reducing to $10.549 billion by 2024-03-31. Operating Expense follows a similar pattern, indicating rising operational costs. Total Expenses display an increase, affirming higher operational and non-operational spending over time.
Profitability Analysis
EBITDA showed significant variability, from $557 million in 2023-03-31, drastically reducing to -$153 million in 2023-09-30, followed by recovery in 2024-03-31 to $84 million. Operating Income and Pretax Income suggest notable volatility, with several quarters showing negative performance. However, the Operating Income rebounded from a low point reaching to $77 million by 2024-03-31. Net Income, similarly, illustrates considerable fluctuations, largely negative figures like -$545 million in 2023-09-30 but less negative by -$312 million in 2024-03-31.
Cash Flow Indicators
Interest Expense remains a significant burden, shown by consistently high figures, e.g., $497 million in 2024-03-31. There is no explicit data provided on Reconciled Depreciation.
Taxation
Tax rates applied have stayed around 20-25%, where the Tax Provision was $70 million in 2023-03-31 but increased to -$101 million in 2024-03-31 due to losses. The Tax Effect of Unusual Items fluctuates largely, impacting the net tax benefits or costs each period.
Shareholder Metrics
Diluted and Basic EPS show severe dips particularly in 2023-09-30 with a Diluted EPS of -$0.83, displaying a crisis during this period. Average shares stood around 654-719 million across the periods, with Net Income Available to Common Stockholders reflecting the Net Income figures closely.
Conclusion
The financial performance of AAL over the analyzed period indicates resilience amid challenges. Revenue numbers improved modestly, but profitability concerns, heightened by substantial costs and tax liabilities, depict a volatile fiscal health. It’s recommended that AAL focuses on stringent cost management strategies, optimization of operational efficiencies, and possibly revisiting investment strategies to boost profitability and shareholder value.