American Airlines stock tumbles 8% as fuel spike further postpones turnaround
American Airlines further cut its 2026 earnings outlook Thursday, citing higher fuel costs, a sign that a jump in fares isn't enough for the U.S. airline that flies the most to fully offset this year's spike in fuel prices.Its shares fell 8% Thursday. Carriers say strong demand and higher fares are helping offset some of the spike. 3 cents expectedRevenue: $16.74 billion vs. $16.71 billion expectedAmerican's profit in the three months ended June 30 fell 88% from a year earlier, to $71 million, or 11 cents a share, down from $599 million, or 91 cents a share, a year earlier.
- ▪American Airlines further cut its 2026 earnings outlook Thursday, citing higher fuel costs, a sign that a jump in fares isn't enough for the U.S. airline that flies the most to fully offset this year's spike in fuel prices.Its shares fell 8
- ▪Carriers say strong demand and higher fares are helping offset some of the spike.
- ▪3 cents expectedRevenue: $16.74 billion vs. $16.71 billion expectedAmerican's profit in the three months ended June 30 fell 88% from a year earlier, to $71 million, or 11 cents a share, down from $599 million, or 91 cents a share, a year ea
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American Airlines further cut its 2026 earnings outlook Thursday, citing higher fuel costs, a sign that a jump in fares isn't enough for the U.S. airline that flies the most to fully offset this year's spike in fuel prices.Its shares fell 8% Thursday. The carrier's executive team has been working to convince investors that the airline could improve its multibillion-dollar profit gap with rivals.American said it could post an adjusted loss per share of as much as 65 cents up to earnings per share of 65 cents this year, below the range it estimated in April between a loss of 40 cents per share up to earnings of $1.10 a share.
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