American Cuts 2026 Guidance Again, Shares Sink 9.1% as Iran War Keeps Fuel Prices High

3 articles · Updated · Bloomberg · Jul 23

American Airlines warned 2026 could swing to a loss after cutting earnings guidance for the second time in three months, sending its stock down 9.1% in early US trading.
High fuel prices tied to the war in Iran drove the downgrade, undercutting the carrier’s effort to close its performance gap with larger rivals Delta and United.
The revised outlook points to adjusted EPS of between a 65-cent loss and 65-cent profit, down from April’s range of a 40-cent loss to a $1.10 profit.
American’s weaker outlook followed an 88% drop in Q2 net income to $71 million, highlighting how fuel and other operating costs are hitting it harder than competitors.

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