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Side-by-side financial comparison of American Airlines Group Inc. (AAL) and SKYWEST INC (SKYW). Click either name above to swap in a different company.

American Airlines Group Inc. is the larger business by last-quarter revenue ($14.0B vs $1.0B, roughly 13.8× SKYWEST INC). SKYWEST INC runs the higher net margin — 10.0% vs 0.7%, a 9.3% gap on every dollar of revenue. On growth, SKYWEST INC posted the faster year-over-year revenue change (6.8% vs 2.5%). Over the past eight quarters, SKYWEST INC's revenue compounded faster (8.1% CAGR vs 5.5%).

American Airlines, Inc. is a major airline in the United States headquartered in Fort Worth, Texas, within the Dallas–Fort Worth metroplex, and is the largest airline in the world in terms of passengers carried and daily flights. American, along with its regional subsidiaries and contractors operating under the brand name American Eagle, operate an extensive international and domestic network with almost 6,800 flights per day to nearly 350 destinations in 48 countries. The airline is also a f...

SkyWest, Inc. is the holding company for SkyWest Airlines, a North American regional airline, as well as an aircraft leasing company. It is headquartered in St. George, Utah, United States.

AAL vs SKYW — Head-to-Head

Bigger by revenue
AAL
AAL
13.8× larger
AAL
$14.0B
$1.0B
SKYW
Growing faster (revenue YoY)
SKYW
SKYW
+4.3% gap
SKYW
6.8%
2.5%
AAL
Higher net margin
SKYW
SKYW
9.3% more per $
SKYW
10.0%
0.7%
AAL
Faster 2-yr revenue CAGR
SKYW
SKYW
Annualised
SKYW
8.1%
5.5%
AAL

Income Statement — Q4 2025 vs Q1 2026

Metric
AAL
AAL
SKYW
SKYW
Revenue
$14.0B
$1.0B
Net Profit
$99.0M
$101.7M
Gross Margin
Operating Margin
3.2%
12.2%
Net Margin
0.7%
10.0%
Revenue YoY
2.5%
6.8%
Net Profit YoY
-83.2%
1.1%
EPS (diluted)
$0.15
$2.50

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAL
AAL
SKYW
SKYW
Q1 26
$1.0B
Q4 25
$14.0B
$1.0B
Q3 25
$13.7B
$1.1B
Q2 25
$14.4B
$1.0B
Q1 25
$12.6B
$948.5M
Q4 24
$13.7B
$944.4M
Q3 24
$13.6B
$912.8M
Q2 24
$14.3B
$867.1M
Net Profit
AAL
AAL
SKYW
SKYW
Q1 26
$101.7M
Q4 25
$99.0M
$91.2M
Q3 25
$-114.0M
$116.4M
Q2 25
$599.0M
$120.3M
Q1 25
$-473.0M
$100.6M
Q4 24
$590.0M
$97.4M
Q3 24
$-149.0M
$89.7M
Q2 24
$717.0M
$75.6M
Operating Margin
AAL
AAL
SKYW
SKYW
Q1 26
12.2%
Q4 25
3.2%
13.1%
Q3 25
1.1%
16.6%
Q2 25
7.9%
16.4%
Q1 25
-2.2%
14.7%
Q4 24
8.3%
15.3%
Q3 24
0.7%
14.4%
Q2 24
9.7%
13.8%
Net Margin
AAL
AAL
SKYW
SKYW
Q1 26
10.0%
Q4 25
0.7%
8.9%
Q3 25
-0.8%
11.1%
Q2 25
4.2%
11.6%
Q1 25
-3.8%
10.6%
Q4 24
4.3%
10.3%
Q3 24
-1.1%
9.8%
Q2 24
5.0%
8.7%
EPS (diluted)
AAL
AAL
SKYW
SKYW
Q1 26
$2.50
Q4 25
$0.15
$2.21
Q3 25
$-0.17
$2.81
Q2 25
$0.91
$2.91
Q1 25
$-0.72
$2.42
Q4 24
$0.94
$2.34
Q3 24
$-0.23
$2.16
Q2 24
$1.01
$1.82

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAL
AAL
SKYW
SKYW
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$25.3B
$1.8B
Stockholders' EquityBook value
$-3.7B
$2.7B
Total Assets
$61.8B
$7.3B
Debt / EquityLower = less leverage
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAL
AAL
SKYW
SKYW
Q1 26
Q4 25
$122.7M
Q3 25
$44.5M
Q2 25
$48.3M
Q1 25
$179.0M
Q4 24
$227.4M
Q3 24
$177.6M
Q2 24
$141.8M
Total Debt
AAL
AAL
SKYW
SKYW
Q1 26
$1.8B
Q4 25
$25.3B
Q3 25
$25.1B
$2.4B
Q2 25
$25.3B
$2.5B
Q1 25
$24.7B
$2.6B
Q4 24
$25.2B
$2.7B
Q3 24
$26.3B
$2.7B
Q2 24
$27.6B
$2.8B
Stockholders' Equity
AAL
AAL
SKYW
SKYW
Q1 26
$2.7B
Q4 25
$-3.7B
$2.7B
Q3 25
$-4.0B
$2.7B
Q2 25
$-3.9B
$2.6B
Q1 25
$-4.5B
$2.5B
Q4 24
$-4.0B
$2.4B
Q3 24
$-4.9B
$2.3B
Q2 24
$-4.7B
$2.2B
Total Assets
AAL
AAL
SKYW
SKYW
Q1 26
$7.3B
Q4 25
$61.8B
$7.4B
Q3 25
$62.1B
$7.2B
Q2 25
$63.7B
$7.2B
Q1 25
$62.6B
$7.1B
Q4 24
$61.8B
$7.1B
Q3 24
$63.5B
$7.0B
Q2 24
$64.1B
$7.0B
Debt / Equity
AAL
AAL
SKYW
SKYW
Q1 26
0.66×
Q4 25
Q3 25
0.89×
Q2 25
0.97×
Q1 25
1.03×
Q4 24
1.11×
Q3 24
1.17×
Q2 24
1.25×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAL
AAL
SKYW
SKYW
Operating Cash FlowLast quarter
$-274.0M
Free Cash FlowOCF − Capex
$-1.9B
FCF MarginFCF / Revenue
-13.6%
Capex IntensityCapex / Revenue
11.6%
Cash ConversionOCF / Net Profit
-2.77×
TTM Free Cash FlowTrailing 4 quarters
$-680.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAL
AAL
SKYW
SKYW
Q1 26
Q4 25
$-274.0M
$231.5M
Q3 25
$-46.0M
$280.8M
Q2 25
$963.0M
$257.1M
Q1 25
$2.5B
$171.0M
Q4 24
$398.0M
$185.9M
Q3 24
$277.0M
$183.6M
Q2 24
$1.1B
$165.3M
Free Cash Flow
AAL
AAL
SKYW
SKYW
Q1 26
Q4 25
$-1.9B
$224.3M
Q3 25
$-872.0M
$269.9M
Q2 25
$464.0M
$251.5M
Q1 25
$1.6B
$162.6M
Q4 24
$-342.0M
$162.7M
Q3 24
$-191.0M
$172.1M
Q2 24
$477.0M
$159.4M
FCF Margin
AAL
AAL
SKYW
SKYW
Q1 26
Q4 25
-13.6%
21.9%
Q3 25
-6.4%
25.7%
Q2 25
3.2%
24.3%
Q1 25
13.0%
17.1%
Q4 24
-2.5%
17.2%
Q3 24
-1.4%
18.9%
Q2 24
3.3%
18.4%
Capex Intensity
AAL
AAL
SKYW
SKYW
Q1 26
Q4 25
11.6%
0.7%
Q3 25
6.0%
1.0%
Q2 25
3.5%
0.5%
Q1 25
6.6%
0.9%
Q4 24
5.4%
2.5%
Q3 24
3.4%
1.3%
Q2 24
4.5%
0.7%
Cash Conversion
AAL
AAL
SKYW
SKYW
Q1 26
Q4 25
-2.77×
2.54×
Q3 25
2.41×
Q2 25
1.61×
2.14×
Q1 25
1.70×
Q4 24
0.67×
1.91×
Q3 24
2.05×
Q2 24
1.57×
2.19×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAL
AAL

Passenger Travel$11.6B83%
Loyalty Program Travel Redemptions$1.1B8%
Loyalty Program Marketing Services$945.0M7%
Cargo And Freight$227.0M2%
Other Revenue$169.0M1%

SKYW
SKYW

Flying agreements$977.9M97%
Lease, airport services and other$35.3M3%

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