Davidson News

Davidson News

American Airlines Revises Financial Outlook Amid Misjudged Travel Demand

American Airlines Revises Financial Outlook Amid Misjudged Travel Demand

American Airlines has revised its financial outlook, with CEO Robert Isom acknowledging that the airline miscalculated travel demand before the summer peak season. Unexpected Revenue Shortfall and Competitive Pressures The airline now expects a decline in total revenue per available seat mile of 5% to 6%, compared to the previously anticipated drop of 1% to … Read more