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American Airlines Lowers Profit Forecast as CCO Vasu Raja Departs

1 min read
Source: CNBC
American Airlines Lowers Profit Forecast as CCO Vasu Raja Departs
Photo: CNBC
TL;DR

American Airlines has reduced its sales outlook and announced the departure of its chief commercial officer, Vasu Raja, next month. The airline now expects unit revenues to fall by up to 6% in the second quarter and has lowered its adjusted earnings estimate. This comes as American Airlines lags behind competitors Delta and United Airlines in financial performance. CEO Robert Isom plans to discuss changes to the company's ticket distribution strategy to boost direct bookings.

Topics:business#airline-industry#american-airlines#business#financial-performance#sales-outlook#vasu-raja
Share this article
  1. American Airlines cuts outlook, says chief commercial officer is leaving  CNBC
  2. Vasu Raja to leave American Airlines in June  American Airlines Newsroom
  3. American Airlines Chief Commercial Officer Vasu Raja to Exit  MarketWatch
  4. American Airlines cuts second-quarter profit forecast  Yahoo Finance UK
  5. American Airlines executive Vasu Raja to leave in June  Investing.com India

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