Vanguard Amends AAL Stake, Maintains Significant Position

TL;DR

**Vanguard still holds a big chunk of American Airlines, signaling continued institutional confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership of American Airlines Group Inc. common stock as of December 29, 2023. This filing, Amendment No. 10, indicates that Vanguard continues to hold a significant stake in American Airlines, signaling its ongoing confidence in the airline's prospects. For investors, this means a large institutional player maintains a substantial position, which can be seen as a positive indicator of long-term stability for the stock.

Why It Matters

This filing shows that a major institutional investor, The Vanguard Group, continues to hold a substantial position in American Airlines, which can influence market perception and stability for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing is routine and indicates a major institutional investor's continued, rather than new or significantly altered, stake, posing minimal immediate risk.

Analyst Insight

An investor should note that a major institutional holder like Vanguard maintains its position, suggesting long-term confidence, but this filing alone doesn't indicate a new buying or selling trend, so further research into Vanguard's specific share count changes (if available in the full filing) and American Airlines' fundamentals is warranted.

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• American Airlines Group Inc. (company) — subject company whose common stock is being reported
• December 29, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — date the SC 13G/A filing was made
• 02376R102 (string) — CUSIP Number for American Airlines Group Inc. Common Stock

FAQ

From the Filing

0001104659-24-020248.txt : 20240213 0001104659-24-020248.hdr.sgml : 20240213 20240213165848 ACCESSION NUMBER: 0001104659-24-020248 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24627310 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0251-americanairlinesgroup.htm SCHEDULE 13G/A americanairlinesgroupinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 10)* Name of issuer:  American Airlines Group Inc Title of Class of Securities:  Common Stock CUSIP Number:  02376R102 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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). (Continued on the following page(s))     13G CUSIP No.:  02376R102 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 549,305 7.  SOLE DISPOSITIVE POWER 73,451,867 8.  SHARED DISPOSITIVE POWER 1,919,208 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 75,371,075 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.53% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 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(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2