American Airlines Group reported its third-quarter 2025 results highlighting both recovery signs and remaining headwinds. Revenue came in at about $13.7 billion, while the airline posted a net loss of approximately $114 million, or $0.17 per share, marking a narrower loss versus prior quarters. Importantly, unit revenues improved sequentially thanks to stronger premium‐cabin demand and rebounding business travel, with liquidity maintained at roughly $10.3 billion and long-term debt around $36.8 billion.

 The carrier surprised markets by raising its full-year adjusted earnings per share forecast into a positive band of $0.65–$0.95, departing from earlier guidance anticipating a loss. Management cited better pricing, resumed corporate travel and cost discipline as drivers of the turnaround, though notes that fuel costs, labour shortages and global macro risks remain. For a company long weighed by disruption, the improving metrics suggest the jet-engine may be firing again. But caution remains: a single quarter doesn’t erase structural cost pressures or demand uncertainty. Investors will be watching whether this trend holds through winter and whether capacity growth stays aligned with demand.