American Airlines the only profitable US airline in Q1 2023?

American Airlines posted a small net profit of $10m in Q1 2023, while the largest US airlines, Delta Air Lines, United Airlines and Southwest Airlines, all ended the same period in the red.

American Airlines reported record Q1 revenue of $12.1bn, while expenses rose, mainly driven by increased fuel and related tax expenses.

The carrier spent $3.1bn on fuel during the period, compared to $2.5bn in Q1 2022, while overall expenses rose from $10.6bn to $11.7bn over the year. Delta Air Lines reported a net loss of $363m, while United Airlines and Southwest Airlines lost $193m and $159m, respectively.