American Airlines Slashes Outlook; Shares Tumble

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 ...