American Airlines Group Inc.

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Investigation Details

After the market closed, on May 28, 2024, American Airlines announced the departure of its Chief Commercial Officer and lowered its guidance. In an industry conference the following day, May 29, 2024, American Airlines’ Chief Executive Officer stated that the Company’s “expectation for domestic performance has worsened materially since [it] provided guidance in April” and that its lowered guidance “is largely due to a softer domestic environment than [the Company was] expecting and [its] performance within that environment.”

Following this news, American Airlines’ stock price dropped over 13% on May 29, 2024.