American Airlines Files 8-K: Citi Agreement & IR Update

TL;DR

AA filed an 8-K on Dec 5th about a Citi deal and IR update. Details light.

AI Summary

American Airlines Group Inc. filed an 8-K on December 5, 2024, to disclose information regarding a Citi agreement and investor relations update. The filing includes financial statements and exhibits, but specific financial details or new agreements were not elaborated upon in the provided text.

Why It Matters

This filing indicates updates related to American Airlines' financial arrangements and investor communications, which could impact how the company interacts with its stakeholders and manages its financial relationships.

Risk Assessment

Risk Level: low — The filing is a standard disclosure and does not appear to contain immediate negative news or significant changes.

Key Players & Entities

• American Airlines Group Inc. (company) — Filer
• Citi (company) — Subject of agreement
• 20241205 (date) — Filing date

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share AAL The Nasdaq Glob
• $5.6 billion — rd and other partners was approximately $5.6 billion. As remuneration from American's co-bra
• $10 billion — edit card and other partners approaches $10 billion per year, annual pre-tax income is proj
• $1.5 b — s projected to benefit by approximately $1.5 billion, compared to 2024. While American
• $0.55 — ted share 3 to be between approximately $0.55 and $0.75, above the high end of the Co
• $0 — 3 to be between approximately $0.55 and $0.75, above the high end of the Company's
• $0.75 — per diluted share 3 ($/share) $0.55 to $0.75 ~ $0.25 to $0.50 1 Total revenue per
• $0.25 — ted share 3 ($/share) $0.55 to $0.75 ~ $0.25 to $0.50 1 Total revenue per availabl
• $0.50 — 3 ($/share) $0.55 to $0.75 ~ $0.25 to $0.50 1 Total revenue per available seat mi

Filing Documents

• aal-20241205.htm (8-K) — 59KB
• acitiagreementandirxex991x.htm (EX-99.1) — 26KB
• aaglogoa26.jpg (GRAPHIC) — 6KB
• g410912ex991pg01ba26.jpg (GRAPHIC) — 3KB
• 0000006201-24-000066.txt ( ) — 283KB
• aal-20241205.xsd (EX-101.SCH) — 2KB
• aal-20241205_def.xml (EX-101.DEF) — 17KB
• aal-20241205_lab.xml (EX-101.LAB) — 29KB
• aal-20241205_pre.xml (EX-101.PRE) — 17KB
• aal-20241205_htm.xml (XML) — 5KB

01. REGULATION FD DISCLOSURE

ITEM 7.01. REGULATION FD DISCLOSURE. On December 5, 2024, American Airlines, Inc. ("American") and Citigroup Inc. issued a joint press release announcing the entry into a new agreement by American and Citibank, N.A. ("Citi") relating to American's co-branded credit card program, which press release is attached hereto as Exhibit 99.1. Under the new agreement, scheduled to commence in January 2026, American will partner with Citi as the exclusive issuer of the AAdvantage co-branded credit card portfolio in the United States . As a result of the new agreement and based on our current projections, including current macroeconomic assumptions and new customer acquisition and other program growth, American presently expects cash remuneration from its co-branded credit card and other partners to grow by approximately 10% annually. For the twelve months ended September 30, 2024, American's cash remuneration from its co-branded credit card and other partners was approximately $5.6 billion. As remuneration from American's co-branded credit card and other partners approaches $10 billion per year, annual pre-tax income is projected to benefit by approximately $1.5 billion, compared to 2024. While American is providing this updated guidance related to the presently anticipated impact of the new agreement, prospectively American does not intend to update these amounts or to comment specifically on the results of our affinity programs. Rather, as is presently the case, the performance of these programs will be an element of the revenue and other guidance American may provide from time to time in the future. Also on December 5, 2024, American Airlines Group Inc. (the "Company") is providing to investors updated financial and operational guidance relating to the fourth quarter of 2024. The pricing and revenue environment has continued to improve since the Company's prior fourth-quarter guidance issued on October 24, 2024. The Company now expects fourth-quarter TRASM 1 to be appro

01. FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated December 5 , 2024. 104.1 Cover page interactive data file (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, American Airlines Group Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. A MERICAN A IRLINES G ROUP I NC . Date: December 5, 2024 By: /s/ Devon E. May Devon E. May Executive Vice President and Chief Financial Officer Pursuant to the requirements of the Securities Exchange Act of 1934, American Airlines, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. A MERICAN A IRLINES , I NC . Date: December 5, 2024 By: /s/ Devon E. May Devon E. May Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR