American Airlines posts record Q3 revenue of $16.3 billion but a $269 million net loss
American Airlines reported third-quarter 2026 total revenue of $16.3 billion, up 19.3% year over year, and a GAAP net loss of $269 million, or $0.41 per diluted share. Fuel expense rose $1.9 billion, or 67.5%, as the average fuel price reached $3.85 per gallon. For fourth quarter 2026 the company expects revenue growth of 19.5% to 22.5% and an adjusted loss of $0.50 to $1.10 per diluted share, which means shareholders face continued losses tied to fuel costs.
Key points
- Q3 2026 total revenue was $16.3 billion, up 19.3% year over year; aircraft fuel expense rose $1.9 billion, or 67.5%.
- GAAP net loss was $269 million, or $0.41 per diluted share, compared with a net loss of $114 million, or $0.17 per share, in Q3 2025.
- Adjusted net loss was $182 million, or $0.28 per diluted share, excluding $87 million of net special items after taxes.
- Q4 2026 guidance: total revenue growth of 19.5% to 22.5%; adjusted loss of $1.10 to $0.50 per diluted share. Full-year 2026 adjusted loss guidance is $1.60 to $1.00 per diluted share.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:18 PM ET, from the text of the filing and its press-release exhibits only.
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.