American Airlines Stock Jumps After Earnings Report. The End of 2025 Looks Good.

American Airlines reported a narrower-than-expected loss in the third quarter. (Getty Images)

Key Points

• American Airlines reports an adjusted loss of 17 cents a share on revenue of $13.7 billion, better than analysts’ expectations.
• The airline raises its full-year guidance, now forecasting earnings per share between 65 cents and 95 cents.
• American Airlines stock rises after the report. Coming into Thursday, the stock has declined 30% this year.

American Airlines stock jumped early Thursday as the carrier reported a narrower-than-expected loss and beat revenue expectations in the third quarter.

The airline also signaled a strong end to what’s been a turbulent 2025 as it hiked full-year guidance and forecast fourth-quarter profit above Wall Street expectations.

American reported an adjusted loss of 17 cents a share on revenue of $13.7 billion. Analysts were expecting an adjusted loss of 28 cents on revenue of $13.6 billion, according to FactSet.

Ahead of its earnings, American wasn’t convinced it would report an annual profit—its previous outlook guided for a range between a 20 cents loss and a profit of 80 cents.

But its updated guidance sees earnings this year of between 65 cents and 95 cents a share. For the full year, Wall Street was looking for earnings of 42 cents.

The stock, which has fallen 30% in 2025 as of Wednesday’s close, rose 3.8% to $12.55 in premarket trading.

Write to Callum Keown at callum.keown@dowjones.com