American Airlines Stock Drops After Company Lowers Outlook, Key Executive Departs

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 ...