American Airlines has announced a reduction in its second-quarter profit forecast, citing high costs and weakening pricing power as primary factors. The airline has adjusted its earnings per share (EPS) guidance to a range of $1.00 to $1.15, down from the previous $1.15 to $1.45, with analysts having expected $1.30. This announcement has led to a significant drop in American Airlines' stock, which fell by 8% in extended hours trading and 9.4% premarket. Additionally, the company revealed that its Executive Vice President and Chief Commercial Officer, Vasu Raja, will depart in June. The broader airline industry has also been impacted, with shares of other airlines experiencing declines.