BlackRock Amends American Airlines Stake, Signals Portfolio Update

TL;DR

**BlackRock updated its American Airlines stake, watch for market reaction.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of American Airlines Group Inc. common stock as of December 31, 2023. This amendment, number 3, updates their previous disclosures regarding their stake in the airline. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in American Airlines' future performance.

Why It Matters

This filing shows BlackRock's updated position in American Airlines, which can influence market perception and potentially impact the stock price due to the sheer size of BlackRock's investments.

Risk Assessment

Risk Level: low — This is a routine update from a large institutional investor and doesn't inherently signal a significant risk or opportunity.

Analyst Insight

Investors should note that BlackRock, a major institutional holder, has updated its position. While this filing doesn't disclose the exact change in shares or percentage, it confirms their continued involvement. Smart investors might look for the full details of BlackRock's updated holdings in their upcoming quarterly reports to understand the magnitude of any change.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person filing the SC 13G/A
• American Airlines Group Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 29, 2024 (date) — the filing date of the SC 13G/A
• 02376R102 (other) — the CUSIP number for American Airlines Group Inc. Common Stock

FAQ

From the Filing

0001086364-24-005515.txt : 20240129 0001086364-24-005515.hdr.sgml : 20240129 20240129172549 ACCESSION NUMBER: 0001086364-24-005515 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: American Airlines Group Inc. CENTRAL INDEX KEY: 0000006201 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 751825172 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-33763 FILM NUMBER: 24574871 BUSINESS ADDRESS: STREET 1: 1 SKYVIEW DRIVE CITY: FORT WORTH STATE: TX ZIP: 76155 BUSINESS PHONE: 6822789000 MAIL ADDRESS: STREET 1: 1 SKYVIEW DRIVE CITY: FORT WORTH STATE: TX ZIP: 76155 FORMER COMPANY: FORMER CONFORMED NAME: AMR CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us02376r1023_012924.txt us02376r1023_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3) AMERICAN AIRLINES GROUP INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 02376R102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 02376R102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 36578885 (6) Shared voting power 0 (7) Sole dispositive power 38064291 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 38064291 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 5.8% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- AMERICAN AIRLINES GROUP INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1 SKYVIEW DRIVE FORT WORTH TX 76155 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2