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American Airlines Warns Of $200 Million Hit After Canceling 9,000 Flights

American Airlines Group Inc. (NASDAQ:AAL) stock fell Tuesday following the release of fourth-quarter and full-year 2025 financial results, as investors digested results that showed revenue growth despite disruptions from a government shutdown late in the year.

The airline posted record fourth-quarter revenue of $14.0 billion, up from $13.7 billion a year earlier, and record full-year revenue of $54.6 billion, compared with $54.2 billion in 2024.

Fourth-quarter total operating revenue was $13.999 billion, an increase of 2.5% from a year earlier, while full-year total operating revenue rose 0.8% to $54.633 billion. The company said the government shutdown reduced fourth-quarter revenue by approximately $325 million.

American Airlines Group reported adjusted earnings of 16 cents per diluted share for the quarter, missing the 34-cent analyst estimate. Revenue of $13.999 billion also fell short of the $14.028 billion consensus estimate.

Fourth-quarter operating margin was 3.2%, down from 8.3% a year earlier, reflecting higher costs and operational disruptions during the period.

Operating And Segment Performance

Operationally, fourth-quarter revenue passenger miles increased 1.5% year over year to 61.596 billion, while available seat miles rose 4.2% to 74.472 billion.

Passenger load factor declined to 82.7% from 84.9%. Passenger revenue per available seat mile fell 2.0% in the quarter, and total revenue per available seat mile declined 1.6%.

Average aircraft ...