"American Airlines Faces Turbulence: Leadership Shakeup and Stock Plunge"
TL;DR
Vasu Raja, American Airlines' Chief Commercial Officer, is departing after 20 years, following the failure of his corporate customer strategy. CEO Robert Isom is expanding his role and reversing Raja's initiatives to restore the airline's previous corporate strategy and regain lost customers. American Airlines' shares dropped 14% after cutting its revenue and profit forecast for the second quarter.
Topics:top-newsbusiness#airline-industry#american-airlines#business#corporate-strategy#robert-isom#vasu-raja
- As Disrupter Vasu Raja Departs American Airlines, CEO Robert Isom Expands His Role Forbes
- American shares tumble 13% after sales strategy backfires; carrier cuts growth CNBC
- American Air Fired Commercial Chief After Critical Bain Report Bloomberg
- American Airlines Admits Business Travel Misfire; Shares Drop The Wall Street Journal
- American Airlines stock tanks following 'surprising' guidance cut Yahoo Finance
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