American Airlines Revenue Hits $16.3 Billion, but Fuel Costs Force a New 2026 Loss Forecast
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American Airlines ( NASDAQ: AAL ) reported $16.3 billion in third-quarter revenue on October 22, a 19.3% increase from last year, but soaring fuel expenses forced the carrier to abandon its remaining hopes of an adjusted profit in 2026. Fuel costs increased $1.9 billion, or 67.5%, during the quarter, contributing to a $269 million net loss. American also reported an adjusted loss of $182 million, equivalent to $0.28 per share. According to the company's official earnings release, American now expects a full-year adjusted loss of $1.00 to $1.60 per share, compared with its previous forecast ranging from a $0.65 loss to a $0.65 profit. American delivered strong passenger demand despite mounting pressure from energy prices. Premium-cabin revenue increased 22.9%, while Main Cabin revenue grew 19.5%. Corporate travel revenue climbed 27.6%, marking the sixth consecutive quarter of double-digit growth. The figures help explain the carrier's decision to expand premium seating while eliminating traditional international first-class cabins on certain aircraft. However, additional ticket revenue has not been sufficient to offset the increase in operating expenses. American paid an average of $3.85 per gallon for jet fuel during the quarter, compared with $2.37 a year earlier. Total fuel expenses reached approximately $4.6 billion. The results reflect the consequences of the broader...
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