American Airlines Group (AAL) reported Q3 adjusted earnings Thursday of $0.38 per diluted share, down from $0.69 a year earlier.
Analysts polled by Capital IQ expected $0.26.
Total operating revenue for the quarter ended Sept. 30 was $13.48 billion, compared with $13.46 billion a year earlier.
Analysts surveyed by Capital IQ expected $13.54 billion.
For Q4, the airline said it expects break-even adjusted earnings per diluted share. Analysts surveyed by Capital IQ expect earnings of $0.09. For 2023, the company said it now expects adjusted EPS of $2.25 to $2.50 per diluted share, down from its prior outlook of $3 to $3.75. Analysts polled by Capital IQ expect $2.36.