{"id":88366,"date":"2024-05-30T00:13:04","date_gmt":"2024-05-30T04:13:04","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88366"},"modified":"2024-05-29T23:56:31","modified_gmt":"2024-05-30T03:56:31","slug":"american-shares-tumble-13-after-sales-strategy-backfires-carrier-cuts-growth","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2024\/american-shares-tumble-13-after-sales-strategy-backfires-carrier-cuts-growth.html","title":{"rendered":"American shares tumble 13% after sales strategy backfires; carrier cuts growth"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/AAL\/\">American Airlines<\/a>\u00a0will slash its capacity growth in the second half of the year and consider a host of other changes to a sales strategy that backfired, CEO Robert Isom said Wednesday. The comments come a day after the carrier\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/05\/28\/american-airlines-outlook-chief-commercial-officer.html\">cut its revenue and profit forecast<\/a>\u00a0and said it is parting ways with its chief commercial officer, Vasu Raja. American will grow capacity about 3.5% in the second half of the year compared with the year earlier, down from roughly 8% year-over-year growth in the first six months of 2024.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/05\/29\/american-airlines-growth-sales-strategy.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) American Airlines\u00a0will slash its capacity growth in the second half of the year and consider a host of other changes to a sales strategy that backfired, CEO Robert Isom said Wednesday. The comments come a day after the carrier\u00a0cut [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88366","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88366"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88366\/revisions"}],"predecessor-version":[{"id":88367,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88366\/revisions\/88367"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}