Charted: Turbulence ahead for American Airlines

American Airlines' chief commercial officer Vasu Raja is out as his strategy to lead the company away from business travel has backfired.

Why it matters: A rebound in business travel is helping American's competitors Delta, United and Alaska Air gain double-digit sales growth from corporate accounts.

The big picture: American cut its guidance for this current quarter — the start of the all-important summer travel season — late Tuesday, which sent investors scurrying.

• Shares sank nearly 14% by the end of Wednesday's trading.