American Airlines cuts prospects, says chief commercial officer is leaving

American Airlines passenger planes line the gates at Ronald Reagan Washington National Airport in Arlington, Virginia, on February 10, 2024.

J. David Ake | fake images

American Airlines cut its sales outlook on Tuesday and said its chief commercial officer, Vasu Raja, will leave the company next month.

American said it expects unit revenue to fall as much as 6% in the second quarter from a year earlier, down from a previous forecast of a drop of no more than 3%. The airline also cut its adjusted earnings estimate for the period to a projected range of $1 to $1.15 per share, down from the previous range of $1.15 to $1.45 per share.