American Airlines stock fell 4% to $12.06, erasing the previous session's rebound, while Delta and United Airlines each slid about 3% as oil prices climbed to a five-month high. American's Q4 2026 plan assumes jet fuel at about $4.70 per gallon, which already implies a $2.8 billion year-over-year increase in fourth-quarter fuel costs. Despite record Q3 2026 revenue of $16.3 billion, up 19.3%, the airline swung its full-year outlook to an adjusted loss of $1 to $1.60 per diluted share as fuel costs rose. With $29.6 billion in debt and finance leases and negative stockholders' equity of $4.2 billion, American is more exposed to fuel than Delta and United, and its Q3 jet fuel expense rose 67.5% to $4.63 billion. Q4 revenue guidance is up 19.5% to 22.5%, and management expects 2027 growth to slow considerably.
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SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 764.02 |
| Change that session | -1.17% |
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