American Airlines Group (MEX:AAL) Selling, General, & Admin. Expense: MXN37,619 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:AAL American Airlines Group Inc MEX:AAL
70 GF Score
Price MXN257.00
GF Value MXN264.30
Valuation Fairly Valued
! 3 Warning Signs
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What is American Airlines Group Selling, General, & Admin. Expense?

American Airlines Group MEX:AAL -3.38% 70 Selling, General, & Admin. Expense is MXN37,619 Mil as of Mar. 2026. GuruFocus rates MEX:AAL with a GF Score™ of 70/100 and a GF Value™ of MXN264.30 (Fairly Valued). The stock has 3 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. American Airlines Group's selling, general, & admin. expense for the three months ended in Mar. 2026 was MXN9,143 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was MXN37,619 Mil.


American Airlines Group  (MEX:AAL) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


American Airlines Group Selling, General, & Admin. Expense Related Terms


American Airlines Group Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for American Airlines Group's Selling, General, & Admin. Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

American Airlines Group Selling, General, & Admin. Expense Chart

American Airlines Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22,524.37 35,385.24 30,536.67 37,790.53 35,957.38

American Airlines Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9,206.19 10,073.62 8,860.25 9,543.02 9,142.58

MEX:AAL vs CPA, ALK, SKYW: Selling, General, & Admin. Expense Comparison

For the Airlines subindustry, American Airlines Group's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


American Airlines Group Selling, General, & Admin. Expense vs Transportation Industry

For the Transportation industry and Industrials sector, American Airlines Group's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where American Airlines Group's Selling, General, & Admin. Expense falls into.


MEX:AAL
70GF Score
American Airlines Group Inc MEX:AAL
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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American Airlines Group Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN37,619 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Selling, General, & Admin. Expense of MXN37,619 Mil mean?
American Airlines Group (MEX:AAL) has a Selling, General, & Admin. Expense of MXN37,619 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on American Airlines Group and its competitors.
Is American Airlines Group's Selling, General, & Admin. Expense too high?
American Airlines Group's current Selling, General, & Admin. Expense is MXN37,619 Mil. Overall, American Airlines Group has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does American Airlines Group's Selling, General, & Admin. Expense compare to CPA and ALK?
American Airlines Group's Selling, General, & Admin. Expense of MXN37,619 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Transportation company?
A good Selling, General, & Admin. Expense depends on the Transportation industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on American Airlines Group and its competitors. American Airlines Group's current Selling, General, & Admin. Expense is MXN37,619 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Airlines Group stock overvalued right now?
Based on GuruFocus' analysis, American Airlines Group (MEX:AAL) is currently considered Fairly Valued. The stock's GF Value™ is MXN264.30, compared to a current price of MXN257.00 — trading 2.8% below its estimated fair value. The current Selling, General, & Admin. Expense is MXN37,619 Mil. American Airlines Group's overall GF Score™ is 70/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For American Airlines Group (MEX:AAL), the current Selling, General, & Admin. Expense is MXN37,619 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is American Airlines Group (MEX:AAL) Overvalued in 2026?

Based on GuruFocus' analysis, American Airlines Group stock appears to be undervalued. The current stock price of MXN257.00 is trading 2.8% below its estimated GF Value™ of MXN264.30. GuruFocus considers American Airlines Group to be Fairly Valued.

Key valuation signals for MEX:AAL:

  • Selling, General, & Admin. Expense: MXN37,619 Mil
  • GF Value™: MXN264.30 vs. price of MXN257.00 (2.8% below fair value)
  • GF Score™: 70/100 with 3 warning signs

No single metric tells the full story. See the MEX:AAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


American Airlines Group Business Description

Address 1 Skyview Drive, Fort Worth, TX, USA, 76155
American Airlines is the world's largest airline by aircraft, capacity, and scheduled revenue passenger miles. Its major US hubs are Dallas/Fort Worth, Charlotte, Chicago, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. It generates over 30% of US airline revenue connecting Latin America with destinations in the United States. After completing a major fleet renewal, the company has the youngest average fleet of US legacy carriers.
70GF Score

Get the complete analysis for MEX:AAL

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN257.00
Price
MXN264.30
GF Value