New York:American Airlines has revised its financial outlook for the year, anticipating greater losses as a result of escalating fuel prices, despite achieving record revenue figures in the third quarter.

According to Anadolu Agency – English, the US-based airline experienced a 19.3% increase in revenue, reaching $16.34 billion in the third quarter compared to the same timeframe in the previous year. However, the airline's fuel expenses saw a significant increase of 67.5% year-on-year, amounting to $4.64 billion.

During the third quarter, American Airlines paid an average fuel price of $3.85 per gallon. The company's net loss for the period was reported at $269 million, with a loss per share of $0.41. This is in contrast to a net loss of $114 million and a loss per share of $0.17 in the same quarter last year.

Looking ahead, American Airlines has announced an expected increase in revenue by 19.5% to 22.5% for the fourth quarter compared to the year before. However, the company projects its loss per share to fall between $0.50 and $1.10 for the same period. Additionally, the airline anticipates a loss per share ranging from $1 to $1.6 for the full year of 2026.