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American Airlines (AAL)
NASDAQ:AAL
Earnings Data
Report Date
Apr 23, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.29Last Year’s EPS
-0.59Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a constructive long-term outlook supported by solid balance sheet progress, fleet and premium-product investments, loyalty and distribution wins (including a strategic Citi cobranded card partnership), and early 2026 booking strength. Near-term results and guidance are tempered by significant one-time disruptions — notably the unprecedented winter storm Fern (over 9,000 cancellations) and a government shutdown that reduced revenue by ~$325 million — plus regional revenue pressure in Latin America and slight Pacific softness. Management expects to absorb storm impacts, deliver incremental efficiencies ($250M in 2026), generate >$2B free cash flow, and hit its debt target a year early, driving a return to stronger profitability across 2026.Company Guidance
Improved Booking Trends and Early 2026 Momentum
System-wide revenue intakes for the first three weeks of 2026 are up double digits year over year; January bookings strengthened meaningfully after softer late-Q4 bookings.
Balance Sheet Strength and Debt Reduction
Total debt reduced by $2.1 billion in 2025 to $36.5 billion; company expects to reach its target of total debt below $35 billion a year early in 2026 and to have the lowest net debt since 2014 by year-end.
Free Cash Flow and Capital Plan
2026 total capital expenditures expected at $4.0–$4.5 billion with anticipated free cash flow generation of more than $2 billion for the full year; 55 new aircraft deliveries expected in 2026.
Profitability Outlook for Full Year 2026
Company provided full-year adjusted earnings per diluted share guidance of approximately $1.70 to $2.70 for 2026 (inclusive of preliminary winter storm Fern impact).
Loyalty and Cobranded Card Momentum
Advantage enrollments increased 7% year over year with Chicago enrollments up nearly 20% YoY; cobranded card program posting record year with card spending up 8% YoY; new 10-year Citi partnership began Jan 1 and in-flight/airport channel transition completed in Q4.
Premium Product Expansion and Fleet Strategy
International-capable fleet expected to increase from 139 to 200 aircraft by decade-end; premium seat growth projected to outpace main cabin nearly two-fold and lie-flat seats expected to increase by over 50% by 2030; retrofits (e.g., 777-300) to deliver ~20% more premium seats on those aircraft.
Revenue Mix and Regional Performance
Atlantic unit revenue up 4% year over year in Q4 and was the most profitable region; premium unit revenue outpaced main cabin by seven points in Q4; managed corporate (indirect) revenue up 12% YoY.
Operational and Customer Experience Improvements
Net Promoter Score for on-time customers reached the highest in company history (2025); investments underway including flagship suite rollout, new and renovated premium lounges (e.g., Philly flagship opened; Miami and Charlotte planned), complimentary high-speed satellite Wi-Fi roll out to Advantage members, and DFW bank restructuring to improve connectivity and recovery.
Ongoing Efficiency Program
Cumulative operating savings nearly $1 billion since 2023; expect an additional $250 million of savings in 2026 (total working capital improvements nearly $900 million achieved).
AAL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AAL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 27, 2026 | $14.57 | $13.55 | -7.00% |
Oct 23, 2025 | $12.09 | $12.77 | +5.62% |
Jul 24, 2025 | $12.68 | $11.46 | -9.62% |
Apr 24, 2025 | $9.32 | $9.61 | +3.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does American Airlines (AAL) report earnings?
American Airlines (AAL) is schdueled to report earning on Apr 23, 2026, TBA (Confirmed).
What is American Airlines (AAL) earnings time?
American Airlines (AAL) earnings time is at Apr 23, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AAL EPS forecast?
AAL EPS forecast for the fiscal quarter 2026 (Q1) is -0.29.
