American Airlines lowers its forecasts and says its chief commercial officer will leave

American Airlines passenger planes line up at the gates of Ronald Reagan Washington National Airport in Arlington, Virginia, on February 10, 2024.

J. David Ack | Getty Images

American Airlines lowered its sales forecast on Tuesday. The company has also let go of its commercial director, Vasu Raja. He will leave his position next month.

American Airlines said it expects unit revenue to decline by up to 6% in the second quarter compared to the previous year, down from a previous forecast of a decline of no more than 3%. The carrier also trimmed its revised earnings estimates for the period to an expected range of $1 to $1.15 per share, down from the previous range of $1.15 to $1.45 per share.

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