In this articleAALFollow your favorite stocksCREATE FREE ACCOUNTAn American Airlines flight lands at Ronald Reagan Washington National Airport in Arlington, Virginia, U.S., Nov. 7, 2025.Nathan Howard | ReutersAmerican Airlines on Thursday cut its 2026 earnings forecast, becoming the latest airline to lower its outlook after a surge in fuel costs added billions to expenses this year.American said it could post an adjusted per-share loss of 40 cents up to earnings of $1.10 a share, lower than the per-share earnings of $1.70 to $2.70 it forecast in January, though Wall Street analysts have been lowering their forecasts for the industry since the U.S.-Israel attacks on Iran this year.Airlines have been either cutting their full-year forecasts or holding off on further guidance because of volatile prices for jet fuel since the war started. Fuel is generally their biggest expense after labor. Carriers have also been pulling back on their capacity growth plans to cut costs, which can drive up airfare when fewer seats are for sale. Airline executives have said customers are still booking despite higher fares.American noted the midpoint of its 2026 earnings forecast is flat on the year, even with a $4 billion increase in fuel costs.”We’re going to recover, but key to that is just supply and demand balance,” CEO Robert Isom told CNBC’s Phil LeBeau on Thursday. “We’re going to be quick to make sure that we adjust our flying if we need to.” American expects to grow capacity as much as 6% in the second quarter and forecast revenue up between 13.5% and 16.5% year-over-year, in line with analyst forecasts. Its adjusted earnings outlook ranged from a loss of 20 cents per share up to earnings of 20 cents.”American delivered record revenue in the first quarter, and we’re on track for another record in the second quarter,” Isom said in an earnings release. “This revenue momentum is the result of focus on our four commercial priorities — elevating the customer experience, growing our global network, driving premium revenue and leading in loyalty.”Here is what American reported in the first quarter compared with Wall Street estimates compiled by LSEG:Loss per share: 40 cents adjusted vs. a loss of 47 cents expectedRevenue: $13.91 billion vs. $13.79 billion expectedFor the first quarter, American posted a net loss of $382 million, or 58 cents per share, compared with a net loss of $473 million, or 72 cents, a year earlier. Adjusting for one-time items, the company reported a loss of 40 cents per share. Its first-quarter revenue of $13.91 billion was up 10.8% from revenue of $12.55 billion a year earlier.— CNBC’s Michele Luhn contributed to this report.Read more CNBC airline newsBasic business class is here with new, stripped-down United Polaris faresPricy airfare, airport chaos test travelers’ willingness to fly this yearAmerican is ‘seriously considering’ bringing back seat-back screens to narrow-body fleetUnited ditches economy seats to make room for bigger premium cabins with new layoutsFlights are already getting more expensive after a jet fuel spike. When should you book?Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news. …
