American Airlines trims quarterly loss as $13.69 billion revenue tops market estimates

American Airlines reported Q3 2025 revenue of $13.69 billion, exceeding Wall Street expectations and nearly flat year-on-year amid resilient passenger demand. The carrier posted a smaller-than-expected adjusted net loss of $156 million, or $0.23 per share, compared with $325 million ($0.48) YoY. Load factors averaged 84.6% as leisure and business travel both improved. Unit costs excluding fuel fell 3.8%, while operating margin expanded 90 basis points sequentially. CEO Robert Isom cited disciplined capacity and lower maintenance expenses. American reaffirmed FY 2025 guidance, projecting operating cash flow near $4.5 billion despite volatile jet-fuel prices.