American Airlines (AAL) 4Q 2025 earnings
American Airlines On Tuesday, the airline predicted its premium focus “will start paying off in 2026” as it races to catch up with much more profitable rivals and capitalize on strong demand from high-spending customers.
The Fort Worth-based airline projected an improvement in adjusted earnings per share of about $2 at the midpoint of last year.
American also expects to generate 7% to 10% more revenue in the first three months of 2026 compared to 2025.
Here’s how America performed in the fourth quarter compared to Wall Street estimates compiled by LSEG:
- Earnings per share: 16 cents adjusted, 34 cents expected
- Revenues: 14 billion dollars, while the expectation was 14.03 billion dollars
American posted net income of $99 million, or 15 cents per share, on revenue of $14 billion. Revenue increased 2.5% over last year. Excluding net special items, the company reported adjusted earnings per share of 16 cents.
“American Airlines is poised for a significant takeoff in 2026 and beyond,” CEO Robert Isom said in a statement. “We have built a strong foundation and look forward to leveraging the investments we have made in our customer experience, network, fleet, partnerships and loyalty program.”
The airline also said the government shutdown negatively affected its fourth-quarter revenue by approximately $325 million.
American said this weekend’s winter storm, which marked Sunday as the largest day of flight cancellations since the pandemic hit in early 2020, led to a 1.5 percentage point decrease in the company’s first-quarter 2026 capacity expectation and an estimated negative revenue impact of $150 million to $200 million. American said Monday that five of its nine hub airports were disrupted by the storm, including its largest hub, Dallas Fort Worth International Airport.
The airline said passenger unit revenue fell 2.5% year-on-year, but that figure would have been positive had it not been for the impact of the government shutdown. Premium product offerings continued to perform well; Year-over-year premium unit revenue outpaced mainline in the fourth quarter.
American is revamping its fleet, lounges and food and beverage to attract customers willing to spend more on premium tickets and co-branded credit cards. competitors Delta Airlines And United Airlines But they are far ahead and account for almost all of the industry’s profits.
