American Airlines Group (American) has announced its fourth-quarter and full-year 2025 financial results, posting record revenues while continuing to strengthen its financial position. The carrier reported fourth-quarter revenue of US$14.0 billion, contributing to record full-year revenue of US$54.6 billion.
The company noted that performance in the final quarter was affected by the government shutdown, which reduced revenue by an estimated US$325 million. Despite this headwind, American delivered GAAP net income of US$99 million for the quarter and US$111 million for the full year.
On an adjusted basis, excluding special items, net income totalled US$106 million in the fourth quarter and US$237 million for 2025, reflecting steady profitability alongside ongoing investments across the business.
American also continued its deleveraging efforts, reducing total debt by US$2.1 billion during the year. Looking ahead, the airline expects adjusted earnings per share in 2026 to range between US$1.70 and US$2.70 and is forecasting free cash flow of more than US$2 billion.
Chief Executive Officer Robert Isom said the airline is positioned for meaningful upside in 2026 and beyond, pointing to investments made in customer experience, network development, fleet renewal, partnerships and the loyalty programme. He added that the company’s strategy will support American as it approaches its 100th anniversary and enters its next century as a premium global airline.
