American Airlines Group Inc. is an American publicly tradedairlineholding company headquartered inFort Worth, Texas. It was formed on December 9, 2013, by the merger ofAMR Corporation, the parent company ofAmerican Airlines, andUS Airways Group, the parent company ofUS Airways.^[5] Integration was completed when theFederal Aviation Administration granted a single operating certificate for both carriers on April 8, 2015,^[6] and all flights now operate under the American Airlines brand.

American Airlines Group Inc.

Company type	Public
Traded as	Nasdaq: AAL DJTA component S&P 400 component
Industry	Aviation
Predecessors	AMR Corporation US Airways Group[1]
Founded	December 9, 2013; 11 years ago (2013-12-09)
Headquarters	Fort Worth, Texas , United States[1]
Number of locations	350 destinations[2]
Area served	Worldwide[3]
Key people	Robert Isom (CEO) Greg Smith (chairman)
Services	Air transportation
Revenue	US$54.2 billion (2024)
Operating income	US$2.6 billion (2024)
Net income	US$846 million (2024)
Total assets	US$61.8 billion (2024)
Total equity	US$(4) billion (2024)
Number of employees	133,300 (2024)
Divisions	American Airlines Cargo American Eagle
Subsidiaries	American Airlines Envoy Air Piedmont Airlines PSA Airlines
Website	aa.com
Footnotes / references Financials as of December 31, 2024[update].[4]

The group operates thelargest airline in the world, as measured by number of passengers carried and by scheduled passenger-kilometers flown. The company ranked No. 70 in theFortune 500 list of the largest United States corporations based on its 2019 revenue,^[7] but, impacted by theCOVID-19 pandemic, it lost $2.2 billion in the first quarter of 2020 alone and accepted government aid.

In January 2012,US Airways Group, the parent company ofUS Airways, expressed interest in taking overAMR Corporation, the parent company ofAmerican Airlines.^[8] In March, AMR's CEOThomas W. Horton said that the company was open to a merger.^[9] US Airways told some American Airlines creditors that merging the two carriers could yield more than $1.5 billion a year in added revenue and cost savings.^[10] On April 20, American Airlines' three unions said they supported a proposed merger between the two airlines.^[11] With AMR underChapter 11 bankruptcy protection, American Airlines had been looking to merge with another airline. Earlier in July, a bankruptcy court filing stated that US Airways was an American Airlines creditor and "prospective merger partner"; on August 31, US Airways CEO Doug Parker announced that American Airlines and US Airways had signed a nondisclosure agreement, in which they would discuss the possibility of a merger.^[12]

In February 2013, American Airlines and US Airways announced plans to merge, creating the largest airline in the world by some measurements. In the deal, which was expected to close in the third quarter of 2013, stakeholders of AMR would own 72% of the company and US Airways shareholders would own the remaining 28%.Rothschild & Co served as the investment bank for the transaction.^[13][14] The combination was considered a "merger of equals" between the two airlines, but retaining the more well-established "American" name going forward,^[15] and accordingly the holding company was renamed American Airlines Group Inc.^[16] The headquarters for the new group was also consolidated at American's headquarters inFort Worth, Texas,^[17][18] but the US Airways' management team, including CEODoug Parker, retained most operational management positions.

A judge approved the merger on March 27, 2013, but denied a proposed $20 millionseverance package to AMR chief Thomas W. Horton.^[19] On July 12, US Airways shareholders approved the proposed merger.^[20] Horton later received a smaller $17 million dollar severance.^[21]

On August 13, 2013, theUnited States Department of Justice, along with attorneys general from the District of Columbia, Arizona (headquarters of US Airways), Florida, Pennsylvania, Tennessee, Texas (headquarters of American Airlines),^[22] and Virginia filed a lawsuit seeking to block the merger, arguing that it would mean less competition and higher prices. American Airlines and US Airways both said that they would oppose the lawsuit and defend their merger.^[23] In early October 2013, the Attorney General of Texas rescinded the anti-trust lawsuit.

The Department of Justice reached a settlement on November 12, 2013, requiring the merged airline to relinquishlanding slots or gates in 7 major airports.^[24] Under the deal, the new American was required to sell 104 slots atRonald Reagan Washington National Airport and 34 slots atLaGuardia Airport. It was also required to sell gates atO'Hare International Airport,Los Angeles International Airport,Logan International Airport,Dallas Love Field andMiami International Airport.^[25] Some of the slots were expected to be sold to low-cost carriers such asJetBlue andSouthwest Airlines.^[26]

A private antitrust suit, filed by a group of 40 passengers and travel agents, also sought to block the merger.^[27] American's bankruptcy court judge refused to enjoin the two airlines from merging, saying that the group did not demonstrate that the merger would irreparably harm them.^[28] The plaintiffs' lawyer appealed and was turned down at the U.S. District Court level and was further rebuffed at the Supreme Court after Justice Ruth Bader Ginsburg denied a stay request filed by him.^[29]

Following the Department of Justice approval, the merged Group company traded on theNASDAQ stock exchange under the symbol AAL.^[30][31] In December 2013 a severance package valued at about $17 million was agreed for Tom Horton, the outgoing AMR CEO, who had led American Airlines through bankruptcy and the major merger.^[32]

US Airways exitedStar Alliance upon completion of the merger, and American retained its membership inOneworld.

On July 13, 2015, American announced that it planned to discontinue the US Airways brand name by October 17, 2015, and on October 16, 2015, US Airways flew its final flight, US Airways Flight 1939, from Philadelphia to Charlotte to Phoenix to San Francisco to Philadelphia.^[33]

In March 2021, American Airlines Group said that it will repay the US government debt by issuing a private offering of notes worth about $5 billion, half due in 2026 and half in 2029, and a $2.5 billion term loan credit facility.^[34]

American Airlines Group, Inc. is publicly traded under the ticker symbol "AAL" on the Nasdaq Global Select Market, with a market capitalization of about $6.4 billion as of August 2024,^[35] and is included in theS&P MidCap 400 index.^[8] It was formerly a member of theS&P 500 index until September 23, 2024.

The group operates through its principal wholly owned mainline operating subsidiary,American Airlines.

It also has three subsidiaries, regional carriersEnvoy Air Inc.,Piedmont Airlines, Inc., andPSA Airlines Inc., that, together with three independent carriers, operateAmerican Eagle under a codeshare and service agreement with American Airlines.^[8]

The key trends for American Airlines Group since December 9, 2013, the earliest date that American and US Airways were under common control, are shown below (as at year ending December 31):^[36]

• American Airlines Group at American Airlines website
• Business data for American Airlines Group Inc.:
  • Google
  • SEC filings
  • Yahoo!