India, Oct. 22 -- Shares of American Airlines Group Inc. were losing around 4 percent in pre-market activity on the Nasdaq, after the airline reported Thursday wider net loss in its third quarter, issued loss warning for the fourth quarter, and revised fiscal 2026 outlook to expect loss, mainly on surging fuel costs.
Quarterly revenues, however, climbed from last year, and the firm sees continuing growth in the fourth quarter, benefited by demand strength.
American's CEO Robert Isom stated, "American delivered record third-quarter revenue and the strongest year-over-year revenue growth in my career, with premium performance leading the way.... While historically high fuel prices significantly impacted our financial results, our focus rema...