American Airlines Q1 Earnings Beat, but $4 Billion Fuel Shock Forces 2026 Outlook Cut
American Airlines slashed its 2026 profit outlook Thursday, citing a spike in jet fuel prices that's set to pile on more than $4 billion in extra expenses this year. That move came even as the airline posted record first-quarter revenue and managed to keep its loss narrower than analysts had feared. The company now projects full-year adjusted earnings in a range from a loss of 40 cents per share up to a $1.10 profit, a sharp pullback from its January estimate of $1.70 to $2.70 per share.