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The Latest Breaking News from Vasu Raja

American Airlines sounds alarm about ongoing financial challenges

The airline cut its profit forecast to below analyst expectations for the rest of 2024.

The Street

Fired airline executive collects more than $1 million after getting the ax—and keeps his platinum travel status

The former executive negotiated a separation deal that allows AAdvantage Executive Platinum status and entry to Admirals Club lounges at his leisure.

Fortune

American Airlines Shares Sink As It Lowers Demand Outlook

Shares of American Airlines dove Wednesday after it lowered its profit outlook, citing weaker demand and a troubled booking system upgrade.

International Business Times

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American Airlines Stock Dives on Guidance Cut, CCO Exit

American Airlines lowered its Q2 outlook and announced that Vasu Raja, its chief commercial officer, is leaving the company. Here's what you need to know.

Kiplinger

American Airlines Slashes Outlook; Shares Tumble

American Airlines cut its second-quarter outlook and said its chief commercial officer will leave. AAL stock tumbled, while rivals fell.

Investors Business Daily

Analysts revamp American Airlines stock price target after Investors Day

Here's what could happen next to American Airlines stock.

The Street

Judge strikes down American Airlines, JetBlue alliance in antitrust triumph for Biden

The Department of Justice ruled on Friday that American Airlines and JetBlue Airways must dismantle the carriers’ long-term partnership.

Tribune News Service

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US bid to kill American-JetBlue partnership goes to judge

The government and two major airlines are giving starkly contrasting views about the impact of an alliance between the airlines

The Independent UK

Higher airfares, fewer flights greet holiday travelers after COVID-19 worries ease

The COVID-19 worries that overshadowed the holidays for the last two years are being replaced with the pandemic’s revenge — higher airfares, crowded airports and fewer seats on planes for the Thanksgiving and Christmas breaks.

Tribune News Service

American Airlines Changes International Flights in Surprising Way

Also, American knows it needs to hire more pilots as soon as possible.

The Street

Exec says American Airlines lost track of valuable JFK slots in US Airways merger

American Airlines lost track of coveted space at JFK International Airport in New York following its merger with US Airways, resulting in the carrier giving up flights at one of the world’s most competitive airports, a top executive testified Friday.

Tribune News Service

American Airlines cuts more summer and fall flights to boost reliability

American Airlines is cutting thousands of flights from its schedule for the remainder of summer and fall to “ensure operational reliability” for the rest of the year.

People

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