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- American Airlines Sinks 4% as Fuel Costs Push Outlook to Full-Year Loss; Delta and United Airlines Drop 3%
American Airlines fell about 4% to $11.72 after reporting record Q3 2026 revenue of $16.34 billion and an adjusted loss of $0.28 per share, smaller than the $0.33 expected. Its outlook worsened, with a full-year adjusted loss now forecast at $1 to $1.60 per share, replacing July guidance that ranged from a $0.65 loss to a $0.65 profit. The Q4 plan assumes jet fuel at $4.70 a gallon, after Q3 jet fuel costs rose 67.5% to $4.63 billion as the average price climbed to $3.85 from $2.37. Premium revenue grew 22.9% and managed corporate sales 27.6%, but the airline carries $29.6 billion in debt and finance leases against a $4.2 billion stockholders' equity deficit. Delta and United Airlines, exposed to the same fuel market, fell about 3%.
- American Airlines expects deeper 2026 loss on pricier fuel despite record revenue
American Airlines now expects to lose between $1 and $1.60 per share on an adjusted basis for the full year, a deeper loss as fuel costs spiked and offset record revenue. In the third quarter it reported an adjusted loss of 28 cents per share versus 35 cents expected by analysts compiled by LSEG, and revenue of $16.34 billion versus $16.22 billion expected. CEO Robert Isom said the company delivered record third-quarter revenue and expects another quarter of record revenue growth to close out the year.
- American Airlines Rises 5% Ahead of Earnings as Oil Prices Ease; United Airlines and Delta Climb 3%
American Airlines (AAL) rose 5% to $12.27, United Airlines (UAL) gained 3% to $98.46 and Delta Air Lines (DAL) climbed 3% to $76.75 as West Texas Intermediate crude fell 1.5% to $97.05 per barrel. Jet fuel is among the airlines' largest costs, and most U.S. carriers don't hedge fuel, so lower oil prices ease margin pressure. American has guided to a loss per share for Q3 2026, though analysts expect higher revenue than a year earlier after record operating revenue in Q2. The U.S. Global Jets ETF (JETS) rose 4% to $26.71, while the SPDR S&P 500 ETF (SPY) gained 0.6% to $771.16. The article suggests American's pre-earnings gain may reflect positioning ahead of the report, which could reverse quickly if results or commentary fall short.
- American Airlines Is Now Down 23% This Year: Is AAL Stock Dead Money or Due for a Bounce?
American Airlines shares are down 23% year to date at $11.87, lagging United (down 14%), Delta (up 8%), the U.S. Global Jets ETF (down 8%) and the S&P 500 (up 13%). Higher fuel costs drove the drop: in Q2 2026 revenue rose 16.3% to $16.7 billion, but aircraft fuel expense jumped 83.3% to $4.9 billion, operating margin fell to 2.7% from 7.9%, and net income dropped 88.2% to $71 million. Management cut its full-year adjusted outlook to a range from a loss of $0.65 to a profit of $0.65 per share, and guided to a Q3 adjusted loss of $0.70 to $0.10 per share. Premium revenue per unit rose 13.4% and managed corporate business grew 26%, but the company carries a stockholders' deficit of $3.97 billion and total debt of $34.7 billion. The article says the stock could rebound if fuel prices ease, and Q3 results are expected on October 22.
- Southwest Airlines cuts 2026 profit forecast on higher fuel
Southwest Airlines became the third major U.S. airline this month to cut its 2026 profit forecast due to higher fuel prices, though CEO Bob Jordan said travelers keep booking despite higher fares. The carrier now expects adjusted earnings of $2.60 to $2.85 per share this year, down from its July forecast of $3.25 to as much as $4.25. In the third quarter, adjusted EPS was 66 cents versus 58 cents expected, and adjusted revenue was $8.42 billion against $8.25 billion. It forecasts fourth-quarter EPS of 55 to 80 cents and unit revenue up as much as 21% from a year earlier. Its average fare rose almost 27% to $231.69, while revenue passengers fell 3.2% to 33.47 million.
- United Airlines Jumps 6% as Record Revenue Forecast Outweighs Fuel-Cost Squeeze; American Airlines Climbs 4%, Delta Rises 3%
United Airlines (NASDAQ:UAL) climbed 6% to $103.88 in afternoon trading as investors focused on a record revenue outlook rather than a sharp rise in fuel costs that weighed on quarterly profit. The carrier reported record operating revenue of $17.9 billion for Q3 2026 and forecast Q4 2026 top-line growth above 20% year over year. Management said it is highly confident of recovering the full fuel cost increase, though with a lag, as fares have only partly caught up with jet fuel prices. American Airlines rose 4% and Delta 3%, while the U.S. Global Jets ETF gained 2%.
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