American Airlines Average Assets vs Earnings before Tax Analysis

Average Assets vs Earnings before Tax

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets, derived from Total Assets.

Earnings before Tax

Earnings Before Tax is calculated by adding Income Tax Expense back to Net Income.
Accounts Relationship
Average Assets vs Earnings before Tax

Significance: Almost Identical Trend

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of American Airlines Group Average Assets account and Earnings before Tax

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong