American Airlines lowers profit forecast amid strategy shift
Aerotime
JULY 28, 2024
American Airlines has cut its annual profit forecast, citing issues with its previous sales and distribution strategy that impacted corporate travel revenue. The airline reported its highest-ever quarterly revenue of $14.3 billion for Q2 2024, but a net income of $717 million (against $1,338 billion in 2023) and an adjusted net income of $774 million.
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