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Recently, American Airlines made headlines with a significant update on their sales outlook. The airline announced that its chief commercial officer, Vasu Raja, will be leaving the company next month. Along with this news, American Airlines revealed a revised forecast for the second quarter, expecting unit revenues to decline by as much as 6%, a more significant drop than previously anticipated. Additionally, the carrier adjusted its earnings estimate to a projected range of $1 to $1.15 a share, down from the initial range of $1.15 to $1.45 a share.
This development comes at a time when American Airlines has been trailing behind its competitors, Delta and United, in terms of financial performance. United Airlines, for instance, reiterated its expectation to earn an adjusted $3.75 to $4.25 in the second quarter. Both carriers will be presenting at a Bernstein conference on Wednesday morning, providing further insights into their strategies moving forward.
Vasu Raja, who has served as the commercial head for just over two years, had been on leave recently, with initial reports indicating that he was not leaving the company. However, after internal discussions in the past few days, it was confirmed that Raja will indeed be making his exit. Raja’s previous roles at American Airlines include chief revenue officer and head of the network and alliances departments.
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