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Saturday, June 15, 2024 Pomerantz LLP is conducting an investigation on behalf of American Airlines Group Inc. (NASDAQ: AAL) investors, who are urged to get in touch with Danielle Peyton. The probe focuses on potential securities fraud and other illegal activities by certain officers and/or directors of American Airlines.

On May 28, 2024, following the close of the market, American Airlines announced the resignation of its Chief Commercial Officer and revised its financial forecast downward. The next day, at an industry conference on May 29, 2024, the CEO of American Airlines reported a significant downturn in the company’s domestic performance expectations since their April guidance, attributing the revision primarily to a weaker than anticipated domestic market and the company’s performance within that context. As a result of this announcement, American Airlines’ stock price dropped by $1.



82 per share, a decline of 13.54%, closing at $11.65 on May 29, 2024.

Pomerantz LLP, with a prestigious history and offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, remains a leading firm in corporate, securities, and antitrust class litigation. Established by Abraham L. Pomerantz, a pioneer in securities class actions, the firm continues to uphold his legacy over 85 years later, securing substantial financial recoveries for victims of securities fraud, breaches of fiduciary duty, and corporate malpractice.

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