On the back of a narrower-than-expected first-quarter loss, American Airlines Group Inc (NASDAQ:AAL) slashed its full-year outlook for 2026, citing rising fuel costs as the war between the U.S. and Iran continues to block crude tankers from passing through the Strait of Hormuz.
American Airlines (AAL) came out with a quarterly loss of $0.4 per share versus the Zacks Consensus Estimate of a loss of $0.45. This compares to a loss of $0.59 per share a year ago.
The carrier said its fuel costs are expected to jump by $4 billion and warned that it could lose money in 2026.
The carrier said its fuel costs are expected to jump by $4 billion and warned that it could lose money in 2026.
American CEO Robert Isom told CNBC a potential merger with rival United would hurt consumers. Isom called the idea of a merger "a non-starter from the get-go.
American Airlines cut its 2026 earnings forecast, becoming the latest airline to lower its outlook after a surge in fuel costs added billions to its expenses.
Major U.S. airlines have cut or suspended guidance this earnings season amid surging jet fuel prices.
American Airlines Group Inc. (NASDAQ:AAL) will release earnings for its first quarter before the opening bell on Thursday, April 23.
American Airlines is in preliminary discussions with Alaska Air Group to broaden their existing partnership, potentially by bringing Alaska into American's transatlantic and transpacific joint business arrangements, two people familiar with the matter said.
The president said that combining major industry players could make companies lazy. Washington lawmakers have criticized the idea.
Ten years ago in August 2016, Scott Kirby was fired as American Airlines president and hired as United Airlines president the same day. He became United CEO in May 2020.
United Airlines CEO Scott Kirby's reported pitch to President Trump for a United-American merger intensifies pressure on American CEO Robert Isom, analysts said.