FORT WORTH, TX – American Airlines Group Inc. (NASDAQ: AAL) reported a third-quarter 2025 net loss of $114 million, or ($0.17) per diluted share, despite posting record third-quarter revenue of $13.7 billion.
Excluding net special items, the adjusted net loss was $111 million, or ($0.17) per diluted share. However, the company expects a turnaround in the fourth quarter, projecting adjusted earnings per share between $0.45 and $0.75. For the full year, adjusted EPS is forecast between $0.65 and $0.95, with free cash flow expected to exceed $1 billion.
CEO Robert Isom stated the company is maintaining strong cost management and enhancing its balance sheet. “Looking forward, I’m confident that continued investments in our network, customer experience and loyalty program will position us well to drive revenue growth and shareholder value in 2026 and beyond,” Isom said.
American saw improvement in unit revenues through the quarter, with premium cabin revenues outperforming the main cabin. Its AAdvantage® loyalty program reported a 7% increase in active accounts, and co-branded credit card spending rose 9% year-over-year.
Customer experience initiatives included new Flagship® lounges in Miami and Charlotte, new Flagship Suite® seats on the Boeing 787-9, and upcoming expansion of the same on Airbus A321XLR aircraft. Enhancements also included upgraded amenity kits, premium onboard dining, and beverage partnerships with Lavazza and Champagne Bollinger.
Operationally, the airline faced challenges from severe weather and FAA technology outages but cited improvements in systems that enabled fast recovery.
American ended Q3 with $10.3 billion in available liquidity and $29.9 billion in net debt. It remains on target to reduce total debt below $35 billion by the end of 2027.
