American Airlines CCO Vasu Raja to depart; Q2 guidance cut on softer TRASM

AMERICAN AIRLINES, INC.

Vasu Raja, Chief Commercial Officer, will depart in June 2024; Stephen Johnson leads commercial team and CCO search.
Q2 adjusted operating margin guidance cut 1 point to 8.5%-10.5% from 9.5%-11.5%.
Q2 adjusted EPS guidance reduced to $1.00-$1.15 from prior $1.15-$1.45.
TRASM expected down 5-6% YoY (worse than prior down 1-3%); CASM-ex flat to +1% (improved from +1-3%).
Average fuel price guidance narrowed to $2.70-$2.80/gal (prev $2.75-$2.95).

item 5.02 item 7.01

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Departed

Vasu Raja

Chief Commercial Officer

AMERICAN AIRLINES, INC.

Filed: May 28, 2024, 7:59 PM ET

On May 28, 2024, American Airlines Group Inc. (the “Company”) announced that Vasu Raja, Chief Commercial Officer of the Company, will depart the Company in June 2024.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Vasu Raja departed as Chief Commercial Officer at AMERICAN AIRLINES, INC..

Action: depart
Role: Chief Commercial Officer

Exact text from the filing

On May 28, 2024, American Airlines Group Inc. (the “Company”) announced that Vasu Raja, Chief Commercial Officer of the Company, will depart the Company in June 2024.

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Source: SEC EDGAR

accession 0001193125-24-148138

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