American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.

Company profile
Ticker
AAL
Exchange
Website
CEO
Gerard Arpey
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AMERICAN AIRLINES INC
SEC CIK
AAL stock data
News

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8 Aug 22
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5 Aug 22
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4 Aug 22
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1 Aug 22
Press releases
AMERICAN AIRLINES PUSHING CANCER RESEARCH TO NEW HEIGHTS WITH FUNDRAISING CAMPAIGN
1 Aug 22
Gevo Signs Sustainable Aviation Fuel Sales Agreement with American Airlines for 100 Million Gallons Per Year for Five Years
22 Jul 22
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21 Jul 22
American Airlines Reports Second-Quarter 2022 Financial Results
21 Jul 22
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19 Jul 22
Analyst ratings and price targets
Current price
Average target
$15.25
Low target
$13.00
High target
$17.00
Citigroup
Maintains
$16.00
Susquehanna
Maintains
$15.00
Evercore ISI Group
Maintains
$13.00
Barclays
Maintains
$17.00
Calendar
21 Jul 22
9 Aug 22
31 Dec 22
Financial summary
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Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
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Institutional ownership, Q1 2022
58.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 563 |
Opened positions | 61 |
Closed positions | 93 |
Increased positions | 192 |
Reduced positions | 171 |
13F shares | Current |
---|---|
Total value | 6.51B |
Total shares | 379.84M |
Total puts | 161.99M |
Total calls | 39.57M |
Total put/call ratio | 4.1 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 69.27M | $1.26B |
Primecap Management | 40.08M | $731.49M |
BLK Blackrock | 34.76M | $634.37M |
Susquehanna Securities | 23.03M | $0 |
STT State Street | 21.72M | $396.45M |
GROW U.S. Global Investors | 20.75M | $378.69M |
Geode Capital Management | 12.75M | $232.29M |
Two Sigma Investments | 8.96M | $163.51M |
Allianz Asset Management GmbH | 8.15M | $148.65M |
IVZ Invesco | 7.25M | $132.26M |
Financial report summary
?Risks
- Downturns in economic conditions could adversely affect our business.
- We will need to obtain sufficient financing or other capital to operate successfully.
- Our high level of debt and other obligations may limit our ability to fund general corporate requirements and obtain additional financing, may limit our flexibility in responding to competitive developments and cause our business to be vulnerable to adverse economic and industry conditions.
- We have significant pension and other postretirement benefit funding obligations, which may adversely affect our liquidity, results of operations and financial condition.
- If our financial condition worsens, provisions in our credit card processing and other commercial agreements may adversely affect our liquidity.
- The loss of key personnel upon whom we depend to operate our business or the inability to attract and develop additional qualified personnel could adversely affect our business.
- Our business has been and will continue to be affected by many changing economic and other conditions beyond our control, including global events that affect travel behavior, and our results of operations could be volatile and fluctuate due to seasonality.
- Union disputes, employee strikes and other labor-related disruptions, or our inability to otherwise maintain labor costs at competitive levels may adversely affect our operations and financial performance.
- If we encounter problems with any of our third-party regional operators or third-party service providers, our operations could be adversely affected by a resulting decline in revenue or negative public perception about our services.
- Any damage to our reputation or brand image could adversely affect our business or financial results.
- We are at risk of losses and adverse publicity stemming from any public incident involving our company, our people or our brand, including any accident or other public incident involving our personnel or aircraft, or the personnel or aircraft of our regional, codeshare or joint business operators.
- Changes to our business model that are designed to increase revenues may not be successful and may cause operational difficulties or decreased demand.
- Our intellectual property rights, particularly our branding rights, are valuable, and any inability to protect them may adversely affect our business and financial results.
- We may be a party to litigation in the normal course of business or otherwise, which could affect our financial position and liquidity.
- Our ability to utilize our NOLs and other carryforwards may be limited.
- New U.S. tax legislation may adversely affect our financial condition, results of operations and cash flows.
- We have a significant amount of goodwill, which is assessed for impairment at least annually. In addition, we may never realize the full value of our intangible assets or long-lived assets, causing us to record material impairment charges.
- The commercial relationships that we have with other companies, including any related equity investments, may not produce the returns or results we expect.
- Our business is very dependent on the price and availability of aircraft fuel. Continued periods of high volatility in fuel costs, increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on consumer demand, our operating results and liquidity.
- Our business is subject to extensive government regulation, which may result in increases in our costs, disruptions to our operations, limits on our operating flexibility, reductions in the demand for air travel, and competitive disadvantages.
- We operate a global business with international operations that are subject to economic and political instability and have been, and in the future may continue to be, adversely affected by numerous events, circumstances or government actions beyond our control.
- We may be adversely affected by conflicts overseas or terrorist attacks; the travel industry continues to face ongoing security concerns.
- We are subject to many forms of environmental and noise regulation and may incur substantial costs as a result.
- A higher than normal number of pilot retirements, more stringent duty time regulations, increased flight hour requirement for commercial airline pilots, reductions in the number of military pilots entering the commercial workforce, increased training requirements and other factors have caused a shortage of pilots that could materially adversely affect our business.
- We depend on a limited number of suppliers for aircraft, aircraft engines and parts.
- Delays in scheduled aircraft deliveries or other loss of anticipated fleet capacity, and failure of new aircraft to perform as expected, may adversely impact our business, results of operations and financial condition.
- We rely heavily on technology and automated systems to operate our business, and any failure of these technologies or systems could harm our business, results of operations and financial condition.
- Evolving data security and privacy requirements could increase our costs, and any significant data security or privacy incident could disrupt our operations, harm our reputation, expose us to legal risks and otherwise materially adversely affect our business, results of operations and financial condition.
- We rely on third-party distribution channels and must manage effectively the costs, rights and functionality of these channels.
- If we are unable to obtain and maintain adequate facilities and infrastructure throughout our system and, at some airports, adequate slots, we may be unable to operate our existing flight schedule and to expand or change our route network in the future, which may have a material adverse impact on our operations.
- Interruptions or disruptions in service at one of our key facilities could have a material adverse impact on our operations.
- Increases in insurance costs or reductions in insurance coverage may adversely impact our operations and financial results.
- The airline industry is heavily taxed.
- We have ceased making repurchases of our common stock and paying dividends on our common stock as required by the CARES Act, the PSP Extension Law and the ARP. Following the end of those restrictions, if we do decide to make repurchases of or pay dividends on our common stock, we cannot guarantee that we will continue to do so or that our capital deployment program will enhance long-term stockholder value.
- AAG’s Certificate of Incorporation and Bylaws include provisions that limit voting and acquisition and disposition of our equity interests and specify an exclusive forum for certain stockholder disputes.
- Certain provisions of AAG’s Certificate of Incorporation and Bylaws make it difficult for stockholders to change the composition of our Board of Directors and may discourage takeover attempts that some of our stockholders might consider beneficial.
- The issuance or sale of shares of our common stock, rights to acquire shares of our common stock, or warrants issued to Treasury under the CARES Act, the PSP Extension Law, the ARP, PSP1, PSP2 and PSP3, could depress the trading price of our common stock and the Convertible Notes.
Management Discussion
- COVID-19 has been declared a global health pandemic by the World Health Organization. COVID-19 has surfaced in nearly all regions of the world, which has driven the implementation of significant, government-imposed measures to prevent or reduce its spread, including travel restrictions, testing regimes, closing of borders, “stay at home” orders and business closures. Ongoing global vaccination efforts and the corresponding lifting of government restrictions in and between many markets resulted in a partial recovery in demand for air travel in 2021, which improved our revenues as compared to 2020. However, the return of demand was weaker than previous expectations and the speed and strength of this recovery remain uncertain, primarily due to the global rise in COVID-19 cases associated with the delta and omicron variants and the potential for continuation or reimposition of restrictions on global travel. The continued impact of the COVID-19 pandemic, including any increases in infection rates, new variants and renewed governmental action to slow the spread of COVID-19 cannot be estimated.
Content analysis
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H.S. junior Avg
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New words:
altimeter, asset, break, consideration, EEA, faster, Fit, GDS, inflationary, meal, Parliament, Qatar, ratified, signaled
Removed:
automation, Center, challenge, contemplated, dilute, evacuation, protective, ratification, returned, traversing
Financial reports
Current reports
8-K
Other Events
28 Jul 22
8-K
American Airlines Reports Second-quarter 2022 Financial Results
21 Jul 22
8-K
Results of Operations and Financial Condition
12 Jul 22
8-K
Regulation FD Disclosure
10 Jun 22
8-K
Departure of Directors or Certain Officers
10 Jun 22
8-K
Regulation FD Disclosure
3 Jun 22
8-K
Departure of Directors or Certain Officers
31 May 22
8-K
American Airlines Reports First-quarter 2022 Financial Results
21 Apr 22
8-K
Results of Operations and Financial Condition
12 Apr 22
8-K
Regulation FD Disclosure
15 Mar 22
Registration and prospectus
424B5
Prospectus supplement for primary offering
28 Oct 21
FWP
Free writing prospectus
28 Oct 21
FWP
Free writing prospectus
27 Oct 21
424B5
Prospectus supplement for primary offering
27 Oct 21
424B5
Prospectus supplement for primary offering
27 Oct 21
FWP
Free writing prospectus
26 Oct 21
FWP
Free writing prospectus
25 Oct 21
FWP
Free writing prospectus
25 Oct 21
FWP
Free writing prospectus
25 Oct 21
424B5
Prospectus supplement for primary offering
25 Oct 21
Proxies
No filings
Other
CT ORDER
Confidential treatment order
13 Mar 19
CT ORDER
Confidential treatment order
19 Nov 18
CT ORDER
Confidential treatment order
9 Nov 18
CT ORDER
Confidential treatment order
22 Aug 18
CT ORDER
Confidential treatment order
2 May 18
CT ORDER
Confidential treatment order
14 Mar 18
CT ORDER
Confidential treatment order
7 Sep 17
CT ORDER
Confidential treatment order
24 May 17
UPLOAD
Letter from SEC
3 May 17
UPLOAD
Letter from SEC
12 Apr 17
Transcripts
2022 Q2
Earnings call transcript
21 Jul 22
2022 Q1
Earnings call transcript
21 Apr 22
2021 Q4
Earnings call transcript
20 Jan 22
2021 Q3
Earnings call transcript
21 Oct 21
2021 Q2
Earnings call transcript
22 Jul 21
2021 Q1
Earnings call transcript
22 Apr 21
2020 Q4
Earnings call transcript
28 Jan 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
30 Apr 20
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