American Airlines on Thursday cut its 2026 earnings forecast, becoming the latest airline to lower its outlook after a surge in fuel costs added billions to expenses this year.

American said it could post an adjusted per-share loss of 40 cents up to earnings of $1.10 a share, lower than the per-share earnings of $1.70 to $2.70 it forecast in January, though Wall Street analysts have been lowering their forecasts for the industry since the U.S.-Israel attacks on Iran this year.