American Airlines cuts 2026 outlook after fuel costs rise

American Airlines lowered its 2026 earnings outlook on Thursday after higher fuel prices added pressure to results. The stock fell about 7% in midday trading as investors weighed the company’s latest forecast. The airline now expects adjusted fullyear results ranging from a loss of 65 cents a share to profit of 65 cents a share, below its earlier April guidance. That earlier forecast had already been reduced from the start of the year, showing how much the outlook has shifted over 2026. American reported secondquarter adjusted earnings of 15 cents a share on revenue of $16.74 billion, both slightly ahead of Wall Street estimates. Even so, profit dropped sharply from a year earlier, and the company said volatile fuel prices are still making it harder to close the gap with larger rivals such as Delta Air Lines and United Airlines.