AI-extracted from the 10-Q filed 2026-10-22 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
AAG's third-quarter revenue rose 19.3% to $16.3B, but a 67.5% jump in aircraft fuel costs drove a pre-tax loss of $334M, versus a $142M loss a year earlier.
Biggest Revenue Drivers
Passenger$14.9B+19.5% YoY
Passenger yield rose 18.3% year over year, with PRASM up 14.6%, primarily driven by higher passenger yield.
Other$1.2B+15.2% YoY
Driven primarily by higher revenue associated with the loyalty program.
Biggest Revenue Drivers
Total revenue: $16.3B+19.3% YoY
Passenger$14.9B+19.5% YoY
Passenger yield rose 18.3% year over year, with PRASM up 14.6%, primarily driven by higher passenger yield.
Other$1.2B+15.2% YoY
Driven primarily by higher revenue associated with the loyalty program.
Cargo$274M+29.1% YoY
Primarily due to a 14.7% increase in cargo ton miles and a 12.6% increase in cargo yield.
Largest Expense Items
Aircraft fuel and related taxes$4.6B+67.5% YoY
Average fuel price per gallon rose 62.7% to $3.85, and gallons consumed rose 3.0% due to increased capacity.
Salaries, wages and benefits$4.7B+5.7% YoY
Primarily due to annual contractual wage rate increases and a 2.7% increase in mainline full-time equivalent employees.
Other operating expenses$2.0B+13.7% YoY
Higher costs for onboard food and catering, crew travel, ground and cargo handling, international navigation fees, and airport lounge operations.
Margins: Pre-tax loss widened to $334M from $142M, principally driven by higher aircraft fuel and related taxes, salaries, wages and benefits and certain other operating expenses, offset in part by higher passenger revenue. Operating income fell to $115M from $151M.
Watch Items from the Filing
AAG had no fuel hedging contracts outstanding; a one cent per gallon increase in fuel price would raise 2026 annual fuel expense by about $45M.
Total debt was $29.3B, including $3.6B of current maturities, with stockholders' deficit of $(4.2)B at September 30, 2026.
Total available liquidity was $11.8B, including $8.3B in unrestricted cash and short-term investments and $3.5B of undrawn facilities.
A $78M impairment on the Republic Holdings equity investment and $95M of net nonoperating special charges weighed on third-quarter results.
Private party antitrust class actions related to the Northeast Alliance remain pending; AAG believes they are without merit but no loss estimate is disclosed.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
28 transactions in AAL reported by 4 members of Congress under the STOCK Act, most recent trade Jun 17, 2025. Reported transactions, not recommendations.
About American Airlines Group Inc. (AAL): stock profile, AI score and financials
American Airlines Group Inc. (AAL) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores AAL at 55.5/100 on a composite quality score built from its SEC filings, placing it at rank #1,233 of 2,925 stocks — the top half of the AI-ranked universe. AAL scores in the top quartile across revenue scale (97.3), earnings quality (95.1), institutional flow (75.0). Areas of concern include free cash flow (27.5) and profitability (29.1), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q3 2026), American Airlines Group Inc. reports quarterly revenue of $16.3B, net income of $-269.0M, an operating margin of 0.7%. Top institutional holders of AAL by reported 13-F value include PRIMECAP MANAGEMENT, BlackRock, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. AAL trades on the Nasdaq exchange and files with the SEC under CIK 6201. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AAL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for American Airlines Group Inc. directly from SEC EDGAR.