American Airlines demonstrated solid financial management and strategic growth in international and premium segments, while facing challenges in domestic revenue and operational disruptions. The guidance indicates potential short-term financial losses, but strategic initiatives and debt reduction are positive aspects.

Company Guidance -

Q3 2025

During the second quarter of 2025, American Airlines reported an adjusted pretax profit of $869 million, translating to earnings per share of $0.95, which neared the upper end of their April guidance. The airline achieved record revenue of $14.4 billion, marking a 0.4% increase year-over-year, despite facing challenging operating conditions and a demanding environment. The company's revenue potential was bolstered by a 10% year-over-year growth in managed business revenue, while passenger unit revenue improvement outperformed network peers for the fourth consecutive quarter. Key performance indicators such as Atlantic PRASM and Pacific PRASM saw year-over-year increases of 5% and approximately 1%, respectively, on 17% more capacity. Domestic unit revenue, however, experienced a 6% decline year-over-year due to ongoing softness in the main cabin. American Airlines maintained a strong liquidity position with $12 billion in total available liquidity and ended the quarter with $29 billion in net debt, the lowest since 2015. Looking ahead, the airline anticipates a third-quarter capacity increase of 2% to 3% year-over-year and full-year earnings per share ranging from a loss of $0.20 to a profit of $0.80, contingent on domestic market recovery and demand trends.

Record Revenue Achievement

American Airlines reported a record revenue of $14.4 billion for the second quarter, driven by strong performance in long-haul international and premium cabin segments.

Successful Debt Reduction

The company ended the second quarter with $38 billion of total debt and $29 billion of net debt, marking the lowest net debt levels since the third quarter of 2015.

Corporate Business Growth

Managed business revenue grew by 10% year-over-year, surpassing broader industry growth.

AAdvantage Program Success

Active AAdvantage members increased by 7% year-to-date, with spending on co-branded credit cards up 6% year-over-year.

American Airlines (AAL) Earnings, Revenues Date & History

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AAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 16, 2025	2025 (Q3)	-0.15 / -	0.3	―	―	―
Jul 24, 2025	2025 (Q2)	0.78 / 0.95	1.09	-12.84% (-0.14)
Apr 24, 2025	2025 (Q1)	-0.69 / -0.59	-0.34	-73.53% (-0.25)
Jan 23, 2025	2024 (Q4)	0.66 / 0.86	0.29	196.55% (+0.57)
Oct 24, 2024	2024 (Q3)	0.18 / 0.30	0.38	-21.05% (-0.08)
Jul 25, 2024	2024 (Q2)	1.06 / 1.09	1.92	-43.23% (-0.83)
Apr 25, 2024	2024 (Q1)	-0.27 / -0.34	0.05	-780.00% (-0.39)
Jan 25, 2024	2023 (Q4)	0.11 / 0.29	1.17	-75.21% (-0.88)
Oct 19, 2023	2023 (Q3)	0.26 / 0.38	0.69	-44.93% (-0.31)
Jul 20, 2023	2023 (Q2)	1.59 / 1.92	0.76	152.63% (+1.16)

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
Jul 24, 2025	$12.68	$11.46	-9.62%
Apr 24, 2025	$9.32	$9.61	+3.11%
Jan 23, 2025	$18.66	$17.03	-8.74%
Oct 24, 2024	$12.83	$12.78	-0.39%

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.