American Airlines raises Q1 revenue guidance to record >10% growth, but fuel surge caps profit

Filed March 17, 2026 · Period ending March 17, 2026 · ~1 min read

Key Changes

• high

  Q1 2026 revenue now expected to grow over 10% year-over-year, the highest quarterly growth in company history outside pandemic recovery, driven by strong demand and successful commercial initiatives.

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• high

  Jet fuel costs jumped to $2.75/gallon assumption, meaningfully higher than initial guidance, offsetting revenue gains and pushing adjusted loss per share toward the lower end of ($0.10) to ($0.50) range.

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• medium

  Unit costs excluding fuel (CASM-ex) guidance raised to 4-5% growth from 3-5% prior range, indicating cost pressures beyond fuel at the lower end of expectations.

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