American Airlines Q2 revenue hits record $14.4 billion; profit falls, Q3 loss guided
American Airlines reported second-quarter 2025 revenue of $14.4 billion, a record for the company, up 0.4% from a year earlier. GAAP net income fell 16.4% to $599 million, or $0.91 per diluted share, and the company guided to an adjusted loss of $0.10 to $0.60 per diluted share for the third quarter. For shareholders, higher revenue did not offset lower profit, and the company expects a third-quarter loss.
Key points
- Q2 2025 revenue of $14.4 billion, up 0.4% year over year; GAAP net income of $599 million, down from $717 million, or $0.91 per diluted share versus $1.01
- Q2 operating margin of 7.9% as reported, versus 9.7% a year earlier
- Third-quarter 2025 adjusted loss per diluted share guided to between ($0.10) and ($0.60); full-year adjusted EPS guided to between ($0.20) and $0.80, midpoint $0.30
- Ended the quarter with $12 billion of total available liquidity and $29 billion of net debt
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.