Reported 6 months ago
American Airlines' stock took a hit after the company revised its second quarter sales outlook, with shares sinking almost 10%. The airline also announced its chief commercial officer's departure next month. The revised outlook included a significant cut in adjusted EPS for Q2, indicating challenges in summer travel and issues with revenue and profit. This setback for American Airlines contrasts with the performance of other major airlines like Delta and United, which have not issued revenue warnings and are performing well. The broader airline industry is facing challenges with summer travel demand and consumer behavior, with uncertainties remaining for ultra-low-cost carriers as well.
Source: YAHOO