business / markets
4 hours ago

American Airlines Projects Lower 2025 Profits Due to Strategy Missteps

American Airlines Projects Lower 2025 Profits Due to Strategy Missteps
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7 Highlights
  • American Airlines forecasts 2025 profit below expectations due to strategy issues.
  • Contract renegotiations led to loss of corporate clients for American Airlines.
  • American Airlines aims to regain lost customers and repair relationships in 2024.
  • CEO Robert Isom focused on rebuilding an efficient airline amid ongoing challenges.
  • Adjusted profit of 86 cents per share exceeded expectations for American Airlines.
  • American Airlines' revenue rose 4.6% to $13.66 billion, surpassing estimates.
  • Jet fuel price hikes and competitor gains affected American Airlines' performance.
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