American Airlines Group Inc. (AAL) Form 10-Q — Oct 22, 2026
American Airlines Group posted Q3 2026 revenue of $16.3 billion, up 19.3% year over year, with passenger revenue up 19.5% on an 18.3% jump in yield and PRASM up 14.6%. Despite the strong top line, the net loss widened to $269 million from $114 million a year ago as aircraft fuel and related taxes surged 67.5% to $4.6 billion, with the average fuel price hitting $3.85 per gallon versus $2.37 last year. AAG ended the quarter with $11.8 billion of total available liquidity and completed heavy refinancing activity in 2026, but the stockholders' deficit deepened to $4.2 billion and Q3 included an impairment charge on its Republic Airways Holdings equity investment.
Key figures
- Revenue
- 16335000000
- Total Debt
- long-term debt and finance leases of ~$29.6B including current maturities ($3,692M current + $25,943M noncurrent)
- Revenue Yoy
- 19.3% (Q3 2026 vs Q3 2025)
- Cash Position
- 8.3 billion unrestricted cash and short-term investments; $11.8 billion total available liquidity
- Shares Outstanding
- 662618434
- Trasm q3 cents
- 20.25
- Fuel expense q3
- 4635000000
- Fuel expense yoy
- 67.5%
- Nine month revenue
- 46982000000
- Operating income q3
- 115000000
- Air traffic liability
- 9414000000
- Casm ex fuel q3 cents
- 14.34
- Loyalty program liability
- 11514000000
- Avg fuel price per gallon q3
- 3.85
- Avg fuel price per gallon q3 2025
- 2.37
AI analysis
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