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Home World USA

American Airlines hits rough air after strategic missteps

29 May 2024
in USA
0
American Airlines hits rough air after strategic missteps
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American Airlines is revising its financial outlook after underestimating travel demand before the summer peak, CEO Robert Isom confirmed.

The carrier anticipates a 5% to 6% decrease in total revenue per available seat mile, compared to the previously projected 1% to 3% decline.

This adjustment is attributed to increased domestic competition and a decrease in corporate market share.

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Tags: AirAirlinesAmericanhitsmisstepsroughStrategic
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