American sets new revenue records amid historic fuel cost pressure
American Airlines posted record Q3 revenue of $16.3 billion, up 19.3% YoY and above the high end of guidance, but still swung to a GAAP net loss of $269 million (($0.41) per diluted share). Fuel expense surged $1.9 billion (67.5%) YoY at an average of $3.85 per gallon, with adjusted net loss of $182 million only $71 million worse than a year ago despite the fuel spike. Q4 guidance calls for 19.5-22.5% revenue growth but an adjusted loss of ($1.10)-($0.50) per share at ~$4.70/gallon fuel, and the airline plans to slow 2027 network growth.
Key figures
- Revenue
- 16335000000
- Guidance
- Q4 2026 revenue +19.5% to +22.5% YoY; CASM-ex +2.5% to +3.5%; adjusted loss per diluted share ($1.10)-($0.50); FY2026 adjusted loss per share ($1.60)-($1.00)
- Revenue Yoy
- 19.3%
- Net debt
- 28079000000
- Casm ex growth
- 3.0%
- Operating income
- 115000000
- Avg fuel price q3
- $3.85 per gallon
- Expected q4 fuel price
- $4.70 per gallon
- Fuel expense increase yoy
- $1.9 billion (+67.5%)
- Total available liquidity
- 11800000000
- Fy run rate savings target
- $1 billion by end of 2026
AI analysis
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