Key TakeawaysAmerican Airlines shares dropped in premarket trading Wednesday after the full-service carrier lowered its current-quarter outlook and announced the departure of its chief commercial officer, Vasu Raja.The airline's lowered outlook comes despite Airlines for America expecting U.S. carriers to transport 271 million passengers over the 2024 summer season, representing a 6.3% increase from last year.American Airlines shares may find buying interest around $12.85 from a horizontal line linking a nu ...

American Airlines (AAL) cut its outlook late Tuesday and said its chief commercial officer, Vasu Raja, will leave in June. AAL stock tumbled late, with several other airline stocks retreating, including United and Delta.X American Air now expects second-quarter earnings per share of $1-$1.15 vs. its prior target of $1.15-$1.45. It sees unit revenues down 5%-6% vs. a year earlier. Previously, it expected a 1%-3% decline.The carrier said Stephen Johnson, vice chairman and chief strategy officer, will assume R ...

American Airlines passenger jets are lined up at the gates at Ronald Reagan Washington National Airport in Arlington, Virginia, on Feb. 10, 2024.American Airlines slashed its sales outlook on Tuesday and said its chief commercial officer, Vasu Raja will leave the company next month.American said it expects unit revenues to fall as much as 6% in the second quarter from a year earlier, down from a previous forecast for a decline of no more than 3%. The carrier also trimmed its adjusted earnings estimate for t ...

FORT WORTH, Texas, May 28, 2024 (GLOBE NEWSWIRE) -- American Airlines Group Inc. (NASDAQ:AAL) today announced that Vasu Raja, Executive Vice President and Chief Commercial Officer, will depart the airline in June. Raja has served as American's Chief Commercial Officer since April 2022. Previously he held the role of Chief Revenue Officer and Senior Vice President of Network Strategy, where he was responsible for Network and Alliances. He joined American in 2004 and has held a variety of roles in Sales, Plan ...

FORT WORTH, Texas, May 28, 2024 (GLOBE NEWSWIRE) -- American Airlines Group Inc. (NASDAQ: AAL) today announced that Vasu Raja, Executive Vice President and Chief Commercial Officer, will depart the airline in June. Raja has served as American’s Chief Commercial Officer since April 2022. Previously he held the role of Chief Revenue Officer and Senior Vice President of Network Strategy, where he was responsible for Network and Alliances. He joined American in 2004 and has held a variety of roles in Sales, Pla ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAmerican Airlines has new attorneys after previous lawyers said a 9-year-old should have realized she was b ...

American Airlines (AAL) ended the recent trading session at $13.84, demonstrating a +0.14% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.7%. Meanwhile, the Dow gained 0.01%, and the Nasdaq, a tech-heavy index, added 1.1%.The world's largest airline's stock has dropped by 2.19% in the past month, exceeding the Transportation sector's loss of 2.76% and lagging the S&P 500's gain of 4.03%.The investment community will be paying close attention to the earnings perf ...

This Memorial Day weekend is likely to see record-breaking travelers hitting the road and taking to the skies. According to travel service provider American Automobile Association (“AAA”), this weekend will be the busiest in nearly two decades.An increase in travel demand should boost revenues and profitability for the travel and tourism industry, thereby leading to higher share prices. Investors can tap this trend through stocks that stand to profit big time from an upbeat Memorial Day travel trend. Some o ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAmerican Airlines is facing backlash after saying that a 9-year-old girl should have seen the cellphone filming her in the bathroom in its initial lawsuit defense.Paul Llewellyn, an attorney for t ...

FORT WORTH, Texas, May 22, 2024 (GLOBE NEWSWIRE) -- American Airlines Group Inc. (NASDAQ: AAL) CEO Robert Isom will participate in a fireside chat at Bernstein’s 40th Annual Strategic Decisions Conference on Wednesday, May 29, at 8 a.m. CT. A live webcast of the conference will be available at aa.com/investorrelations. About American Airlines GroupTo Care for People on Life’s Journey®. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL and the company’s stock is included in t ...