AAL
SHORTINSIDER SELLAMERICAN AIRLS GROUP INC
Research: Finviz ↗·Perplexity ↗
🗄 Viewing archived Q1 2026 data — frozen, no longer refreshed.
News Summary
NegativeAmerican Airlines reported record Q2 revenue of $16.7B and beat EPS estimates, but profit collapsed 88% YoY with operating margins halving to 2.7%, prompting multiple guidance cuts throughout 2026 due to fuel volatility. The company faces significant near-term headwinds with Q3 2026 guidance of -$0.70 to -$0.10 EPS, offsetting improvements in balance sheet strength and strategic initiatives like the landmark Google SAF deal.
Red flags
- •Full-year 2026 guidance cut twice: from $1.70–$2.70 EPS (January) to -$0.65 to $0.65 (post-Q2), a swing of >$2 per share
- •Q2 profit down 88% YoY despite record revenue, indicating severe margin compression
- •Operating margin collapsed from 7.9% (Q2 2025) to 2.7% (Q2 2026)
- •Free cash flow swung to -$351M in Q2 2026 vs. +$464M prior year
- •Q3 2026 guidance points to losses of -$0.70 to -$0.10 per share
- •Fuel volatility cited as primary near-term dampener; no visibility to stabilization
- •Stock down 4.5% immediately post-earnings despite beating consensus
- •COO insider selling ($2.2M) during period of margin deterioration
Funds Reducing / Exiting (4)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Appaloosa LP | David Tepper | 0 | −14.2M | — | 3.2% | -100% | EXITED |
| Duquesne Family Office | Stanley Druckenmiller | 0 | −640K | — | 0.2% | -100% | EXITED |
| Maverick Capital | Lee Ainslie | 0 | −165K | — | <0.1% | -100% | EXITED |
| Point72 | Steve Cohen | 0 | −5.6M | — | 0.4% | -100% | EXITED |
Shares Held reflects quarter-end positions for partial reductions. Funds that fully exited show 0 shares held. ∆ Shares is the change from the prior quarter. % of Fund is the prior-quarter position size — how much of the book was sold down.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| Johnson Stephen L | Vice Chair | SELL | 30K | $15.29 | $0.46M | 2026-07-31 | ↗ |
| Owens Angela | SVP Corporate Controller | SELL | 40K | $15.26 | $0.61M | 2026-07-31 | ↗ |
| Johnson Stephen L | Vice Chair | SELL | 30K | $15.26 | $0.46M | 2026-07-30 | ↗ |
| Johnson Stephen L | Vice Chair | SELL | 30K | $15.01 | $0.45M | 2026-07-29 | ↗ |
| Johnson Stephen L | Vice Chair | SELL | 30K | $15.16 | $0.45M | 2026-07-28 | ↗ |
| Owens Angela | SVP Corporate Controller | SELL | 39K | $15.34 | $0.60M | 2026-07-28 | ↗ |
| Johnson Stephen L | Vice Chair | SELL | 30K | $14.67 | $0.44M | 2026-07-27 | ↗ |
| Seymour David | EVP Chief Operating Officer | SELL | 56K | $18.00 | $1.02M | 2026-06-25 | ↗ |
| Seymour David | EVP Chief Operating Officer | SELL | 69K | $17.00 | $1.18M | 2026-06-24 | ↗ |