American Airlines lowered its 2026 earnings forecast on Thursday thanks to the surge in jet fuel price due to the U.S.-Iran war, CNBC reported.
American said it could post an adjusted per-share loss of 40 cents up to earnings of $1.10 a share.
The airline noted a $4 billion increase in fuel costs.
“We’re going to recover, but key to that is just supply and demand balance,” CEO Robert Isom told CNBC’s Phil LeBeau on Thursday. “We’re going to be quick to make sure that we adjust our flying if we need to.”
