American Airlines Lowers Profit Forecast as CCO Vasu Raja Departs

American Airlines has reduced its sales outlook and announced the departure of its chief commercial officer, Vasu Raja, next month. The airline now expects unit revenues to fall by up to 6% in the second quarter and has lowered its adjusted earnings estimate. This comes as American Airlines lags behind competitors Delta and United Airlines in financial performance. CEO Robert Isom plans to discuss changes to the company's ticket distribution strategy to boost direct bookings.