American Airlines Group Inc. (AAL) Form 8-K — Oct 22, 2026
American Airlines reported Q3 2026 revenue of $16.3 billion, up 19.3% year over year and above the high end of guidance, with premium revenue up 22.9% and AAdvantage enrollments up 27.4%. However, fuel expense jumped $1.9 billion (67.5%) YoY, driving a GAAP net loss of $269 million (($0.41) per diluted share) and an adjusted net loss of $182 million (($0.28)). The company guided Q4 revenue up 19.5%-22.5% but expects an adjusted loss per share of ($1.10) to ($0.50) with fuel at ~$4.70 per gallon, and now expects a FY2026 adjusted loss of ($1.60) to ($1.00) amid a ~$7 billion fuel headwind.
Key figures
- Eps
- -0.41
- Revenue
- 16335000000
- Guidance
- 4Q26 revenue +19.5% to +22.5% YoY; adjusted loss per diluted share ($1.10) to ($0.50); FY2026 adjusted loss per diluted share ($1.60) to ($1.00); assumes ~$4.70/gallon fuel
- Net Income
- -269000000
- Total Debt
- 36366000000
- Revenue Yoy
- 19.3%
- Cash Position
- $11.8 billion total available liquidity ($1.124B cash + $7.163B short-term investments)
- Net debt
- 28079000000
- Adjusted eps
- -0.28
- Casm ex growth
- 3.0%
- Adjusted net loss
- -182000000
- Avg fuel price q3
- $3.85 per gallon
- Fy2026 fuel headwind
- ~$7 billion YoY
- Premium revenue growth
- 22.9%
- Fuel expense increase yoy
- $1.9 billion (+67.5%)
- Aadvantage enrollment growth
- 27.4%
- Q4 fuel expense increase expected
- $2.8 billion vs 4Q25
- Unencumbered assets and first lien capacity
- $26 billion+
AI analysis
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