American warns of further losses despite record revenue
American Airlines ($AAL) reported record third-quarter 2026 revenue of $16.3 billion, up 19.3%, but higher fuel costs pushed it into a loss. GAAP net loss was $269 million, or $0.41 per share, while the adjusted loss was $182 million, or $0.28 per share. Fuel expense increased $1.9 billion, or 67.5%, overwhelming gains in premium demand and passenger yields. Management forecast an adjusted loss of $0.50–$1.10 per share for the fourth quarter of 2026 and $1.00–$1.60 for 2026. Its fourth-quarter 2
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