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International Business Times

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AFP News

American Airlines Shares Sink As It Lowers Demand Outlook

American American Airlines Robert Isom Vasu Raja

American Airlines CEO Robert Isom said the company's second-quarter outlook had weakened compared with an earlier forecast (Credit: AFP)

Shares of American Airlines dove Wednesday after it lowered its profit outlook, citing weaker demand and a troubled booking system upgrade.

Shares of the big US carrier were down nearly 15 percent following American Airlines Chief Executive Robert Isom's appearance at a Wall Street conference where he sketched out the issues.

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