American Airlines forecasts bigger loss in 2026 on fuel spike, plans to slow growth next year
American Airlines cut its 2026 outlook on Thursday, forecasting an adjusted loss of $1 to $1.60 a share. In July it had projected anything from a 65-cent loss to a 65-cent profit.
The Fort Worth-based carrier is the fourth major U.S. airline this month to lower its 2026 forecast because of the jump in jet fuel prices since the start of the Iran war, after Delta, United and Southwest. American's fuel bill rose 67.5% year over year in the third quarter to $4.64 billion, and airfares are up more than 20% from last year, according to airline reports and federal data.
"American delivered record third-quarter revenue and the strongest year-over-year revenue growth in my career, with premium performance leading the way," CEO Robert Isom said. On the earnings call he said he has "great confidence" the airline will return to profitability next year.
American plans to slow its capacity growth in 2027. It has been investing in lounges, premium seating and seat-back screens as it tries to close the profit gap with Delta and United.
Key points
- 2026 guidance: adjusted loss of $1.00-$1.60 per share
- Q3 fuel bill up 67.5% to $4.64 billion
- Fourth major U.S. airline to cut its outlook this month
Summary written by Readthrough from the original article. The full story, with photos and any updates, is at CNBC.
