American Airlines Group reported its quarterly 2025 financial results, with record revenue of $13.7 billion.
It posted a third-quarter GAAP net loss of $114 million.
American’s CEO Robert Isom said: “We’ve built a strong foundation, with best-in class cost management and a focus on strengthening the balance sheet. Looking forward, I’m confident that continued investments will position us well to drive revenue growth and shareholder value in 2026 and beyond.”
American Airlines continues to see strong engagement with its AAdvantage loyalty program, with active accounts up 7% year over year.
In the third quarter, spending on co-branded credit cards increased 9% year over year.
American plans to open new Flagship lounges in Miami and Charlotte in addition to expanding the Admirals Club lounge footprint at both airports.
The company also announced investments to transform the onboard experience on its regional aircraft, unveiled a new coffee partnership with Lavazza, launched its first champagne partnership with Champagne Bollinger and enhanced its inflight experience with elevated amenity kits.
Operational performance was resilient in the third quarter, despite a difficult operating environment due to significant weather events and the FAA technology outage in September.
The company ended the third quarter with $36.8 billion of total debt and $29.9 billion of net debt.
The company remains on track to achieve its goal of total debt4 less than $35 billion by the end of 2027.
The company ended the third quarter with $10.3 billion of total available liquidity, comprised of cash and short-term investments plus undrawn capacity under revolving credit and other facilities.
