American Airlines cuts outlook, says chief commercial officer is leaving

American Airlines passenger jets are lined up at the gates at Ronald Reagan Washington National Airport in Arlington, Virginia, on Feb. 10, 2024.

J. David Ake | Getty Images

American Airlines slashed its sales outlook on Tuesday and said its chief commercial officer, Vasu Raja will leave the company next month.

American said it expects unit revenues to fall as much as 6% in the second quarter from a year earlier, down from a previous forecast for a decline of no more than 3%. The carrier also trimmed its adjusted earnings estimate for the period to a projected range of $1 to $1.15 a share, down from a prior range of $1.15 to $1.45 a share.

The airline has trailed its rivals Delta and United in recent months in financial performance.

Raja, just over two years on the job, had been on leave recently, and a spokeswoman for the carrier said last week that he was not leaving the company. That changed after internal discussions in the past few days, according to a person familiar with the matter.

Raja didn’t immediately respond to a request for comment.

Correction: This story has been updated to correct Vasu Raja’s title.

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