American Airlines Makes Changes, Cuts Guidance

American Airlines is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. The airline carrier cut its second-quarter adjusted profit forecast to $1 to $1.15 a share, down from a previous range of $1.15 to $1.45 a share. Also, American said it would part ways with Vasu Raja, chief commercial officer. Raja was the executive behind Americans pivot away from selling tickets through agencies and prioritizing direct sales via the airlines app and website. The moves helped American cut expenses but cost the airline some market share among lucrative corporate travelers. Dow Jones & Co. owns Factiva.

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