The carrier expects deeper losses for 2026 due to soaring jet fuel costs and plans to slow capacity growth next year, despite record third-quarter revenue.
01Summary
- 01American Airlines forecasts a full-year adjusted loss of $1 to $1.60 per share, down from a prior forecast of earnings up to 65 cents or a loss of 65 cents a share.
- 02The airline reported a third-quarter net loss of $269 million, compared with a loss of $114 million a year earlier, on revenue of $16.34 billion.
- 03Jet fuel costs rose 67.5% in the third quarter to $4.64 billion, driven by the Iran war.
- 04American joins Delta, United and Southwest in cutting 2026 forecasts this month because of the fuel spike.
- 05The carrier plans to slow capacity growth in 2026 and expects fourth-quarter revenue growth of up to 22.5%.
02Why it matters
Rising jet fuel costs are pushing up airfares by more than 20%, affecting travellers and the broader airline industry, while American's worsening outlook signals continued financial strain for the carrier.
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