Skift Take
American’s profits declined 46% in the second quarter as it reels from a controversial direct selling strategy and an imbalance in domestic seats.
American Airlines’ profits dipped significantly in the second quarter as it seeks to recover from a controversial distribution strategy that led to the departure of its chief commercial officer.
The carrier reported a net income of $717 million, a 46% decline compared to the same time last year. American also had record revenues for the quarter at $14.3 billion.
American’s results mirror that of its f