American Airlines is experiencing significant financial difficulties, with its stock reaching a three-year low and a 46% drop in profit. The company's CEO attributed the poor performance to a flawed sales and distribution strategy and an imbalance of domestic supply and demand. In pre-market trading, American Airlines' stock fell by 10% and by 7.3% PM, and the company revised its full-year 2024 earnings per share (EPS) guidance from $2.75 to $1.00. This revision follows a previous market estimate of $1.78. The industry-wide capacity glut has forced discounting, further impacting the company's financial outlook. The $9.04 pandemic low is in sight.