American Airlines reports record Q2 revenue of $16.7B but guides to potential FY loss

Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 revenue hit record $16.7B (+16.3% YoY), but net income only $71M ($0.11/share GAAP, $0.15 adjusted) as fuel costs surged $2.2B (+83%) YoY; company offset ~50% of fuel headwind through pricing.

  Exhibit 99.1 view on EDGAR →
• high

  Full-year 2026 adjusted EPS guidance revised to ($0.65) to $0.65 range (from profit to loss) due to ~$6B fuel cost headwind; Q3 2026 adjusted EPS expected at ($0.70) to ($0.10) despite 16-19% revenue growth.

  Exhibit 99.2 view on EDGAR →
• high

  Q3 fuel expense expected up $1.7B YoY at ~$3.75/gallon based on July 21 forward curve; fuel volatility remains a key risk to profitability despite strong demand across all cabins.

  Exhibit 99.1 view on EDGAR →