American Airlines faces mixed results with profit estimates and earnings outlook cuts

American Airlines reported better-than-expected adjusted profit for the third quarter and noted strong holiday bookings, driven by robust travel demand. The company's shares rose in premarket trading. However, American Airlines lowered its forecast for the year due to higher expenses, including increased jet fuel prices and costly contracts to retain workers. The carrier expects its fourth-quarter total revenue per available seat mile to decline compared to the previous year.