American Airlines trims 2026 outlook as fuel costs bite margins

American Airlines cut its 2026 adjusted forecast to a range of a 65-cent loss to a 65-cent profit per share, citing volatile fuel prices not fully offset by higher fares. In Q2, it posted adjusted earnings of 15 cents per share on $16.74 billion in revenue (beat expectations of 3 cents and $16.71B), with GAAP net income of $71 million, down 88% year over year. For the current quarter, the airline sees an adjusted loss of 70 cents to 10 cents per share on revenue up 16%-19%, above estimates, and plans up to 5% capacity growth in Q3. It also intends to order new wide‑body aircraft and add premium seating to older jets to close the margin gap with Delta and United, though no timeline was given.