American Airlines (AAL) 2Q 2026 earnings

American Airlines It further cut its 2026 earnings outlook, citing higher fuel costs; It’s a sign that the top-flying U.S. airline’s fare increase isn’t enough to fully offset this year’s increase in fuel prices.

American said it could post an adjusted loss of up to 65 cents a share to earnings per share this year, below the range of 40 cents a share to $1.10 earnings a share it had forecast in April.

Fuel prices have been volatile even during the few short weeks of the U.S. airline earnings season, which begins in July, clouding the outlook for airlines this year. Carriers say strong demand and higher fares are helping offset some of the spike. Fuel is airlines’ biggest expense after labor.

American said it might report an adjusted loss of between 70 cents per share and 10 cents per share for the current quarter, below Wall Street’s expected earnings of 28 cents, but it forecast revenue would rise 16% to 19%, above analyst projections of 16.6%.

America’s profits for the three months ended June 30 fell 88% from a year earlier to $71 million, or 11 cents per share, while revenue rose 16.3% to $16.74 billion. Passenger revenue for available seat miles increased 10% compared to last year.

Here’s what America reported in the second quarter compared to Wall Street estimates compiled by LSEG:

• Earnings per share: 15 cents corrected, 3 cents expected
• Revenues: $16.74 billion against expectations of $16.71 billion