American Airlines is lowering some of its second-quarter financial forecasts and has announced the departure of its chief commercial officer
.American Airlines said in a regulatory filing with the Securities and Exchange Commission that it now anticipates second-quarter adjusted earnings in a range of $1 to $1.15 per share. Its prior forecast was for $1.15 to $1.45 per share. Analysts surveyed by FactSet forecast second-quarter earnings per share of $1.20, on average.
The airline said in the filing that CCO Vasu Raja will be leaving the company next month. He joined the company in 2004. Stephen Johnson, vice chair and chief strategy officer, was named to lead the commercial organization and assist with the search for a new chief commercial officer. When the changes were announced, Raja said in a prepared statement that American Airlines was looking to make travel more convenient for customers and that by booking directly with the airline customers would get the best fares and it would be the most rewarding for its loyalty program members.
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American Airlines cuts some 2Q financial forecasts, says chief commercial officer is leavingAmerican Airlines is lowering some of its second-quarter financial forecasts and has announced the departure of its chief commercial officer. American Airlines said in a regulatory filing with the Securities and Exchange Commission that it now anticipates second-quarter adjusted earnings in a range of $1 to $1.15 per share.
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