American Airlines posts Q1 record revenue of $13.9 billion but $382 million net loss
American Airlines reported first-quarter 2026 revenue of $13.9 billion, up 10.8% from a year earlier, and a GAAP net loss of $382 million, or $0.58 per diluted share, narrowed from $473 million, or $0.72 per share, in the prior-year quarter. The company also gave second-quarter and full-year 2026 adjusted per-share earnings guidance, which it says reflects more than a $4 billion increase in expense from higher jet fuel prices.
Key points
- Total operating revenues were $13.9 billion, up from $12.55 billion; the company estimated a $320 million revenue impact from winter storms.
- GAAP net loss was $382 million, or $0.58 per diluted share, versus a net loss of $473 million, or $0.72 per share, in Q1 2025.
- Total debt ended the quarter at $34.7 billion, the lowest since mid-2015, with $10.8 billion in liquidity.
- Q2 2026 adjusted EPS is guided to ($0.20) to $0.20; full-year 2026 adjusted EPS is guided to ($0.40) to $1.10.
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 April 23, 2026.
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.