Filing Flows › American Airlines Group (AAL) › Q3 2026 › vs Q2 2026
American Airlines Group (AAL) Q3 2026 vs Q2 2026 (quarter over quarter)
American Airlines Group's revenue fell $400M (-2%) from $16.7B in Q2 2026 to $16.3B in Q3 2026. The biggest changes: Passenger −$421M (-3%); Loyalty revenue - marketing services −$75.0M (-7%); Other revenue −$12.0M (-6%).
American Airlines Group, Q3 2026: revenue $16.3B (+19% year over year), operating margin 0.7%, net loss $269M, operating cash flow −$153M. The chart draws each line against Q2 2026, the increases inside each band.
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Passenger travel | $13.8B | $14.1B | −$334M | -2% |
| Other | $1.2B | $1.2B | −$87.0M | -7% |
| Passenger | $14.9B | $15.3B | −$421M | -3% |
| Loyalty revenue - marketing services | $983M | $1.1B | −$75.0M | -7% |
| Cargo | $274M | $273M | $1.0M | +0.4% |
| Other revenue | $178M | $190M | −$12.0M | -6% |
| Revenue | $16.3B | $16.7B | −$400M | -2% |
| Income tax benefit | $65.0M | −$36.0M | $101M | — |
| Net loss | $269M | −$71.0M | $340M | — |
| Costs & expenses | $16.7B | $16.7B | −$66.0M | -0.4% |
| Operating costs | $16.2B | $16.3B | −$69.0M | -0.4% |
| Interest & other, net | $449M | $339M | $110M | +32% |
| Sales & marketing | $553M | $603M | −$50.0M | -8% |
| Other operating costs | $15.7B | $15.7B | −$19.0M | -0.1% |
| Operating cash sources | $646M | $7.0M | $639M | 92× |
| Depreciation & amortization | $493M | $478M | $15.0M | +3% |
| Cash used in operations | $153M | −$471M | $624M | — |
| Net loss absorbed | $269M | −$71.0M | $340M | — |
| Working capital & other | $377M | $78.0M | $299M | +383% |
Questions
How much did American Airlines Group's revenue grow quarter over quarter in Q3 2026?
American Airlines Group's revenue fell $400M (-2%) from $16.7B in Q2 2026 to $16.3B in Q3 2026.
What drove American Airlines Group's revenue change in Q3 2026?
Passenger −$421M (-3%); Loyalty revenue - marketing services −$75.0M (-7%); Other revenue −$12.0M (-6%).