00:00It's Benzinga, bringing Wall Street to Main Street.
00:02American Airlines reported a third-quarter adjusted loss of 28 cents per share,
00:07beating Wall Street expectations for a 35-cent loss, according to CNBC.
00:12Revenue rose 19.3 percent to a record $16.34 billion, topping estimates of $16.22 billion.
00:21However, the airline lowered its full-year outlook as rising jet fuel costs continued
00:25to pressure profits. American now expects an adjusted loss of $1 to $1.60 per share in
00:302026, compared with its previous forecast, ranging from a 65-cent loss to a 65-cent profit.
00:38Its third-quarter fuel bill surged 67.5 percent to $4.64 billion. American also plans to slow
00:45capacity growth next year. Delta, United, and Southwest have also lowered their forecasts
00:51amid rising fuel costs linked to the Iran War. For all things money, visit Benzinga.com.
