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Compared to Estimates, American Airlines (AAL) Q2 Earnings: A Look at Key Metrics

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For the quarter ended June 2026, American Airlines (AAL - Free Report) reported revenue of $16.74 billion, up 16.3% over the same period last year. EPS came in at $0.15, compared to $0.95 in the year-ago quarter.

The reported revenue represents a surprise of +0.22% over the Zacks Consensus Estimate of $16.7 billion. With the consensus EPS estimate being $0.03, the EPS surprise was +400%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how American Airlines performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Operating cost per ASM excluding net special items and fuel - Total: 13.93 cents versus the four-analyst average estimate of 13.99 cents.
  • Operating cost per ASM excluding net special items - Total: 19.89 cents versus the four-analyst average estimate of 20.14 cents.
  • Passenger load factor (percent) - Total: 83.2% versus 84.9% estimated by four analysts on average.
  • Average aircraft fuel price including related taxes - Total: 4.05 $/gal versus 4.12 $/gal estimated by four analysts on average.
  • Passenger revenue per ASM - Total: 18.59 cents versus 18.75 cents estimated by four analysts on average.
  • Total revenue per ASM - Total: 20.45 cents compared to the 20.44 cents average estimate based on four analysts.
  • Available seat miles - Total: 81.84 billion versus the four-analyst average estimate of 81.56 billion.
  • Yield - Total: 22.33 cents versus 22.07 cents estimated by three analysts on average.
  • Fuel consumption - Total: 1,204.00 MGal versus 1,223.11 MGal estimated by three analysts on average.
  • Revenue- Passenger: $15.21 billion versus $15.29 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +15.9% change.
  • Revenue- Other: $1.25 billion versus $1.2 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +18% change.
  • Revenue- Cargo: $273 million versus $219.72 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +29.4% change.

View all Key Company Metrics for American Airlines here>>>

Shares of American Airlines have returned -15.2% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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