American Airlines CEO: Q2 Profits Plunge 46% Due to Failed Sales Strategy
On Thursday (July 25), American Airlines announced a record second-quarter (Q2) revenue of $14.3 billion. However, net income plunged 46%, to $717 million, while a “bright spot” was its loyalty program. During the company’s earnings call, American Airlines CEO Robert Isom acknowledged the poor performance, pointing to a failed sales and distribution strategy and domestic… Read More »