American Airlines Group Inc. (NASDAQ:AAL) reported a first-quarter loss that was smaller than Wall Street had anticipated, while revenue exceeded expectations, sending shares modestly higher in pre-market trading.
The airline posted an adjusted loss of $0.40 per share, outperforming the consensus estimate of a $0.47 loss. Revenue reached a record $13.91 billion, surpassing the $13.79 billion forecast and increasing 10.8% compared to the same period last year. The company attributed the strong top-line performance to its commercial initiatives, despite facing an estimated $320 million impact from winter storms.
For the second quarter, American Airlines projected adjusted earnings per share in the range of a loss of $0.20 to a profit of $0.20, with a midpoint of breakeven. The company also guided for revenue growth of 13.5% to 16.5% year-over-year.
Looking at the full year 2026, the company issued earnings guidance of a loss of $0.40 to a profit of $1.10 per share. The midpoint of $0.35 suggested roughly flat performance compared to 2025, even as the company expected fuel expenses to increase by more than $4 billion.