American Airlines Cuts 2026 Profit Forecast Amid Rising Fuel Costs
WHO:
One Mile at a Time - American Airlines is the airline company discussed.
CNBC - Robert Isom is the CEO of American Airlines.
WHAT:
CNBC - American Airlines expects to report an adjusted loss of between 70 cents a share and 10 cents a share for the current quarter, below the 28 cents a share in earnings Wall Street expected.
CNBC - American Airlines' revenue is forecasted to rise between 16% to 19%, above the 16.6% analysts project.
One Mile at a Time - American Airlines' initial guidance for 2026 was $1.70 to $2.70 per share, which has now been significantly reduced.
One Mile at a Time - American Airlines reported a net income of $71 million for Q2 2026, an 88% decrease from $599 million in Q2 2025.
CNBC - American Airlines adjusted its earnings outlook for 2026, projecting a loss per share of as much as 65 cents to earnings of 65 cents, down from a previous estimate of a loss of 40 cents to earnings of $1.10.
CNBC - American Airlines expects to report an adjusted loss of between 70 cents and 10 cents per share for the current quarter.
CNBC - Revenue for American Airlines rose 16.3% to $16.74 billion in Q2 2026.
CNBC - Passenger revenue per available seat mile increased by 10% from the previous year.
WHERE:
CNBC - The financial results pertain to American Airlines, which operates in the United States.
WHEN:
One Mile at a Time - The financial results reported are for Q2 2026.
CNBC - The earnings season for U.S. airlines began in July.
WHY:
One Mile at a Time - The decrease in profits is attributed to rising jet fuel prices and increased operational costs.
CNBC - American Airlines cited higher fuel costs as a reason for slashing its earnings outlook.
HOW:
CNBC - American Airlines is planning to order new wide-body aircraft this year and will add more high-yielding premium seats to older jets.
CNBC - American Airlines plans to expand flying by as much as 5% in the third quarter.
CNBC - The airline is planning to order new wide-body aircraft and add more high-yielding premium seats to older jets.
(UPDATED July 23, 2026 21:20 UTC)
American Airlines is anticipating an adjusted loss of between 70 cents a share and 10 cents a share for the current quarter, which falls short of the 28 cents a share in earnings that Wall Street had expected. Despite this, the airline's revenue is projected to rise between 16% to 19%, surpassing the 16.6% that analysts had forecasted. Additionally, American Airlines has significantly reduced its initial guidance for 2026 from $1.70 to $2.70 per share, while planning to order new wide-body aircraft this year and add more high-yielding premium seats to its older jets.
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(UPDATED July 23, 2026 16:28 UTC)
American Airlines reported a net income of $71 million for the second quarter of 2026, marking an 88% decrease from $599 million in the same period last year, as rising jet fuel prices and increased operational costs took a toll on profits. The airline's CEO, Robert Isom, announced an adjusted earnings outlook projecting a loss per share of as much as 65 cents, down from a previous estimate of a loss of 40 cents to earnings of $1.10, while also expecting an adjusted loss of between 70 cents and 10 cents per share for the current quarter. Despite these challenges, American Airlines saw a revenue increase of 16.3% to $16.74 billion and plans to expand flying by up to 5% in the third quarter, along with plans to order new wide-body aircraft and enhance older jets with more premium seating.