Core Insights - American Airlines reported a narrower loss of 17 cents per share in Q3 2025, compared to the expected loss of 27 cents, and a profit of 30 cents in the same quarter last year [1][11] - Operating revenues reached $13.69 billion, surpassing the Zacks Consensus Estimate of $13.63 billion and slightly exceeding the previous year's figure of $13.65 billion, driven by strong premium services [1][11] Revenue Breakdown - Passenger revenues, which constitute 91.1% of total revenues, decreased by 0.4% year-over-year to $12.5 billion, although this was above the estimate of $12.32 billion [2] - Cargo revenues increased by 5% to $212 million, falling short of the estimate of $214.4 million [2] - Other revenues rose by 9.4% to $1 billion, aligning with expectations [2] Key Metrics - Total revenue per available seat mile decreased to 17.69 cents from 18.04 cents year-over-year [3] - Passenger revenue per available seat mile fell by 2.7% to 16.1 cents, but exceeded the expectation of 15.93 cents [3] - Consolidated yield decreased by 2% to 18.73 cents, surpassing the estimate of 18.53 cents [3] Traffic and Capacity - Consolidated traffic, measured in revenue passenger miles, increased by 1.6% year-over-year [4] - Capacity, measured in average seat miles, expanded by 2.3% [4] - Consolidated load factor decreased by 0.6 points to 86%, which was in line with expectations [4] Operating Costs - Total operating costs slightly decreased by 0.1% year-over-year to $13.54 billion, with salaries, wages, and benefits rising by 8.9% to $4.46 billion due to a labor deal with pilots [5] - Aircraft fuel and tax expenses decreased by 3.7% to $2.77 billion, with the average fuel price per gallon dropping to $2.37 from $2.50 a year ago [5] Future Outlook - Management anticipates a 3-5% increase in capacity for Q4 2025 compared to Q4 2024 [7] - Total revenues are expected to rise in the 3-5% range year-over-year [7] - Adjusted earnings per share for Q4 are projected to be between 45-75 cents, significantly higher than the Zacks Consensus Estimate of 30 cents [8] - For the full year 2025, adjusted earnings per share are expected to range from 65 to 95 cents, compared to the consensus estimate of 35 cents [9]

International Consolidated Airlines Group S.A. ( OTCPK:ICAGY ) is one of the leading passenger and cargo air transport companies in Europe. It owns iconic brands such as British Airways and Iberia. The company operates worldwide, with operations focused onI am an individual investor with over 10 years of trading. I have been developing as a stock analyst for the last five years. I am inclined to search for Value companies, mainly linked to the production of commodities. I mainly focus on companies that show ...