American Airlines CEO Robert Isom said Thursday he believed the carrier could be profitable in 2027 even as it is battered by soaring jet fuel costs.
“We think we can be profitable next year,” he said during a call with analysts. “And that's driven by what we've seen this year. We've had fuel expenses now grow $7 billion over the course of the year. But for that, we'd be solidly profitable.”
American said earlier on Thursday that it was expecting to end the year with a deeper loss as it projects it will pay as much as $4.70 a gallon for fuel in the fourth quarter. The loss comes as American has been making upgrades to its passenger experience to attract more premium travelers, who have made up the bulk of the airline industry’s profits over the p