American Airlines Stock Plummets After Q2 Guidance Cut
American Airlines has cut its second quarter guidance and announced the departure of its Chief Commercial Officer, Vasu Raja, citing "too much capacity" in the industry and poor execution of corporate sales strategies. Analyst Savi Syth from Raymond James expressed surprise at the extent of the guidance cut but noted that the underlying issues were anticipated. The company faces challenges in managing capacity and strategic changes, impacting its performance compared to competitors like United Airlines and Delta.
