American Airlines Group Inc. reported a record third-quarter revenue of $13.7 billion with a GAAP net loss of $114 million. Excluding special items, the net loss was $111 million. Fourth-quarter adjusted EPS expected to be between $0.45 and $0.75. Full-year free cash flow expected to exceed $1 billion. CEO Robert Isom is confident in continued investments for revenue growth and shareholder value in 2026.

American Airlines saw year-over-year unit revenues improve in the third quarter, with premium unit revenue outperforming main cabin. The company expects to fully restore its share of indirect revenue impacted by its former sales strategy and aims to expand its share of indirect revenue beyond historical levels, producing meaningful value.

Strong engagement continues with American’s AAdvantage loyalty program, with active accounts up 7% year over year. Spending on co-branded credit cards increased 9% year over year. The company is implementing an exclusive partnership with Citi in January 2026. Investments are being made to elevate the customer experience with new lounges, onboard upgrades, and partnerships.

Despite challenges from significant weather events and FAA technology outage, American delivered a resilient operation in the third quarter. The company quickly recovered from irregular operations, thanks to technology investments. Balance sheet showed $36.8 billion of total debt and $29.9 billion of net debt at the end of the third quarter.

Based on current booked revenue and demand trends, American Airlines expects adjusted earnings per diluted share to be between $0.45 and $0.75 for the fourth quarter of 2025 and $0.65 and $0.95 for the full year. Additional financial forecasting details are available in the company’s investor update. A live audio webcast of the financial results conference call will be available at aa.com/investorrelations.

Read more at GlobeNewswire: American Airlines Reports Third-Quarter 2025 Financial