American Airlines lowers Q2 profit guidance to $1-$1.15 per share due to high costs and reduced revenues; CCO Vasu Raja departs in June.
American Airlines lowers Q2 profit guidance, expects adjusted earnings between $1 to $1.15 per share, down from $1.15 to $1.45, as it faces challenges with high costs and reduced revenues. The company also announced the departure of Chief Commercial Officer, Vasu Raja, in June. Shares of American Air and other major US airlines fell in response to the announcements.
May 28, 2024
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