American cut its profit and unit revenue forecast for the second quarter, which coincides with some of the busiest travel periods of the year.
American Airlines will slash its capacity growth in the second half of the year and consider a host of other changes to its operations, CEO Robert Isom said.
"We're going to make some changes very quick," CEO Isom said at the Bernstein Strategic Decision conference on Wednesday. "A significant miss driven in part by close in bookings puts AAL's ability to reap the full value of a robust summer flying season in greater doubt," Bernstein airline analyst David Vernon said in a note.
United, minutes after American's forecast adjustment Tuesday, reiterated its second-quarter earnings estimates, though it didn't provide a revenue outlook. Its chief executive, Scott Kirby, an American Airlines alumnus, is also scheduled to speak at Bernstein's conference.
American Airlines Group Inc Breaking News: Business Life Business Aerospace And Defense Industry Transportation Travel Airlines Markets Delta Air Lines Inc United Airlines Holdings Inc Robert Isom Earnings Manchester United PLC Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
American Horror Story Season 12’s Theme Causes A Huge Season 13 ProblemCould AHS 12's best twist end up ruining the show?
Read more »
Asian American and Chinese & American Food space for lease11th and P Street, NW 'Dear PoPville, I'm hoping someone has more info about what happened! It hasn't stopped being busy from what I can tell (and I walk by it multiple times a day usually), even saw the owner/ family getting their daughter from the school nearby a few weeks ago still, so...
Read more »
Apple’s M2 13-inch MacBook Air is $150 off in the Memorial Day salesThe Apple MacBook Air M2 remains a great option for anyone who wants a new laptop, and it's on sale now at Best Buy.
Read more »
Angels’ Mike Trout on His Legacy: ‘Getting Into Year 13, It’s Starting to Kick In’Los Angeles Angels center fielder Mike Trout acknowledges his legacy is 'starting to kick in.'
Read more »
Prince William and Kate Middleton Celebrate 13 Years of Marriage with Never-Before-Seen PhotoWith the couple’s three children at school, sources tell Vanity Fair that a family dinner would be a likely way for William and Kate to mark the occasion.
Read more »
Kaiser Permanente says data breach may affect 13.4M customersThe number of people potentially impacted by the Kaiser Foundation Health Plan breach totaled 13.4 million, according to the Department of Health and Human Services.
Read more »