American Airlines expects higher losses amid rise in fuel costs

By Gokhan Ergocun

ISTANBUL (AA) - US air carrier American Airlines raised its loss expectation for this year due to rising fuel costs despite posting record revenue in the third quarter.

The company's revenue surged 19.3% to $16.34 billion in the third quarter compared to the same period last year, according to a press release on Thursday.

The firm's fuel expenses soared 67.5% year-on-year to $4.64 billion during this period.

American Airlines paid an average of $3.85 per gallon for fuel in the third quarter.

The firm reported a net loss of $269 million in the third quarter, while its loss per share stood at $0.41.

American Airlines posted a loss of $114 million in the same period last year, with a loss per share of $0.17.

The firm announced that it expected its revenue to increase between 19.5% and 22.5% in the fourth quarter compared to the same period last year.

The company projected its loss per share to range between $0.50 and $1.10 during the same period.

American Airlines estimated its loss per share for the full year of 2026 to be between $1 and $1.6.

Gökhan Ergöçün