American Airlines cuts 2026 outlook, sees loss as fuel costs outpace fare gains

** American Airlines AAL.O shares fell ~2.5% to $11.90 premarket

** The carrier now sees 2026 loss/shr of $1.00 to $1.60 as high jet fuel prices outpace fare increases and squeeze margins

** Earlier expected EPS of 65 cents to loss/shr of 65 cents for FY

** AAL reports Q3 net loss of $269 million, or 41 cents per share, compared with a loss of $114 million, or 17 cents per share, a year ago

** As of last close, stock down ~20% YTD