American Airlines Hits $13.7B Q3 Revenue but Posts $114M Net Loss

American Airlines has released its financial results for Q3 2025, reporting record revenue of $13.7 billion, a slight 0.3 percent increase compared to the same period last year.

Operationally, the airline showed progress, with unit revenues strengthening throughout the quarter and turning positive in September for the first time in over a year.

Demand for premium cabins continued to lead, highlighting travelers’ growing preference for comfort-focused and higher-margin products.

Despite higher revenue, the airline reported a GAAP net loss of $114 million ($0.17 per share) and an adjusted net loss of $111 million, reflecting ongoing cost challenges.

American closed the quarter with $10.3 billion in liquidity and $36.8 billion in total debt, maintaining a focus on long-term debt reduction. The airline aims to lower total debt below $35 billion by 2027 through disciplined financial management.

CEO Robert Isom stated that the airline’s ongoing transformation is yielding measurable results, citing improved cost control, network expansion, and a 7 percent year-over-year increase in active loyalty program accounts as key achievements.

For Q4 2025, the company projects adjusted earnings per share (EPS) to range between $0.45 and $0.75, and expects full-year adjusted EPS to be between $0.65 and $0.95.

American’s results came alongside strong performances from peers, with Alaska Air Group reporting a record $3.8 billion revenue for Q3 2025, and Delta Air Lines posting a record $15.2 billion revenue, marking one of the best quarters in its history.

Meanwhile, United Airlines expects its highest-ever quarterly revenue after generating $15.23 billion in revenue in Q3 2025.

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