Reported 4 months ago
American Airlines (AAL) has reduced its Q2 guidance and announced its chief commercial officer's departure, worrying analysts. The company cites 'too much capacity' in the industry and questionable decisions on corporate sales execution as reasons. Raymond James Managing Director Savi Syth expresses surprise at the guidance cut level and raises concerns about simultaneous strategic changes. Syth criticizes the departure's timing and disparages the approach as not wise. For more insights and market updates, watch Catalysts' full episode for expert opinions and analysis.
Source: YAHOO