American Airlines Cuts Second-Quarter Profit Forecast

Tuesday, 28 May 2024, 21:01

American Airlines has reduced its second-quarter profit forecast due to weaker pricing power, leading to an 8% decline in its share price in aftermarket trading. Additionally, the company announced the departure of Chief Commercial Officer Vasu Raja in June, who played a key role in the airline's new business strategy.

https://store.livarava.com/9edf01f9-1d42-11ef-a3de-9d5fa15a64d8.jpg — American Airlines Cuts Second-Quarter Profit Forecast

American Airlines Revised Profit Outlook

American Airlines revises its second-quarter profit forecast downwards, citing weakened pricing power. This has resulted in a notable impact on the company's stock performance.

Chief Commercial Officer's Departure

Vasu Raja, the airline's Chief Commercial Officer, will leave the company in June.
Raja was instrumental in driving American Airlines' new business strategy.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.