_american-airlines-lowers-profit-forecast-amid-analyst-skepticism-over-strategy-moves.jpg "American Airlines Lowers Profit Forecast Amid Analyst Skepticism Over Strategy Moves from weak com Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:37
👁 View: 370K times
✓ Published: 30-May-2024
👁 View: 370K times
✓ Published: 30-May-2024
Description:
American Airlines has cut its forecast for second-quarter profit, lowering expectations for earnings. The airline cited weaker pricing power, with total revenue per seat mile now expected to decline higher than anticipated. Chief Commercial Officer Vasu Raja will also leave American Airlines in June after leading the company's new business strategy. Analysts have questioned American's moves to prioritize smaller markets over corporate clients. The forecast cut comes despite projections for record levels of summer travel demand and flyer numbers from the TSA and industry group Airlines for America.
American Airlines has cut its forecast for second-quarter profit, lowering expectations for earnings. The airline cited weaker pricing power, with total revenue per seat mile now expected to decline higher than anticipated. Chief Commercial Officer Vasu Raja will also leave American Airlines in June after leading the company's new business strategy. Analysts have questioned American's moves to prioritize smaller markets over corporate clients. The forecast cut comes despite projections for record levels of summer travel demand and flyer numbers from the TSA and industry group Airlines for America.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
_ajr-weak-official-video.webp "AJR")
_jt-money-feat-shawn-jay-of-field-mobb-weak-official-music-video.webp "JT Money")
_moon-gravity-lab-in-the-sky-fly-with-lunar-scientists-in-this-exclusive-mini-doc.webp "European scientists are turning an aircraft into a laboratory that simulates lunar gravity to prepare astronauts and technology for future moon landings as part of the NASA-led Artemis missions. <br/><br/>The moon is a strange little world. Only about 1.2% the mass of Earth, our planet's companion exerts a much weaker gravitational force on objects on its surface than the parent planet. As a result, an astronaut on the moon's surface feels as if he or she only weighs one sixth of their earthly weight. The same goes for all equipment the astronauts would use. It may sound like no big deal but this feeble gravitational pull creates all sorts of unforeseen problems that are difficult to prepare for in research labs on Earth. There is, however, one way to experience lunar gravity while still in the confines of Earth and explore these challenges before going to the moon: in a parabolic flight.<br/><br/>Credit: Space.com | footage courtesy: European Space Agency/Novespace/NASA<br/>A Future Studios Production")
_wiz-khalifa-amp-juicy-j-weak-feat-big-30-official-music-video.webp "Wiz Khalifa")
_under-investing-in-mag-7-could-mean-big-trouble---strategist.webp "With Nvidia's (NVDA) earnings failing to drive markets the way investors had hoped, Commerce Street Capital CEO Dory Wiley joins Market Domination to share his market outlook and discuss how investors should position themselves within the Big Tech sector.<br/>Wiley highlights the importance of Nvidia's earnings: \")
_wet-weak-video.webp "Wet")
_witt-lowry-weak-feat-tori-solkowski.webp "Witt Lowry")
_q1-update-reveals-us-economy-grew-slower-than-initially-thought.webp "Q1 Update Reveals , US Economy Grew Slower , Than Initially Thought.<br/>Yahoo Finance reports that the United States economy grew at a slower rate than initially thought during the first quarter of 2024.<br/>According to the Bureau of Economic Analysis' (BEA) second <br/>estimate of the Q1 gross domestic product (GDP), the <br/>economy grew at 1.3%, down from 1.6% reported in April.<br/>The BEA said the updated numbers , \")
_ajr-weak-official-video.jpg)
_jt-money-feat-shawn-jay-of-field-mobb-weak-official-music-video.jpg)
_moon-gravity-lab-in-the-sky-fly-with-lunar-scientists-in-this-exclusive-mini-doc.jpg)
_wiz-khalifa-amp-juicy-j-weak-feat-big-30-official-music-video.jpg)
_under-investing-in-mag-7-could-mean-big-trouble---strategist.jpg)
_wet-weak-video.jpg)
_witt-lowry-weak-feat-tori-solkowski.jpg)
_q1-update-reveals-us-economy-grew-slower-than-initially-thought.jpg)
![[+]](/images/menu.gif){kind=small}