American Airlines Group Inc.
boothcheck covers American Airlines Group Inc. (AAL) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed August 7, 2026.
• American runs the industry's largest network and sells it twice, once as seats and once as miles, and its own 10-K is blunt about why scale is the point: ⟦carriers that have the greatest ability to seamlessly connect passengers to and from markets have a competitive advantage⟧. • The variable that decides the outcome is jet fuel, which the company deliberately does not hedge: second-quarter 2026 fuel expense rose 83.3% year over year as the average price per gallon went from 2.29 dollars to 4.
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548 institutional managers reported holding AAL in 13F filings for the quarter ended 2026-03-31. Together they hold about 69% of the company; the top 10 hold 41%. 92 opened new positions that quarter. Held by Vanguard Group, BlackRock, PRIMECAP Management, among others. On the short side, 64.3M shares were sold short as of the 2026-06-15 count, about 10% of shares outstanding (1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AAL's share count grew 2.6% over the past five years even with $5.00M spent on repurchases. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at AAL over the trailing three years. Absence is a fact about the company, not a signal. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AAL's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-21 | -6.3% | -25.9% |
| 2023-10-20 | -2.5% | +29.1% |
| 2024-02-22 | +8.6% | -7.3% |
| 2024-04-26 | -0.3% | -18.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AAL's latest 8-K filings: 2026-07-23 (items 2.02, 7.01, 9.01); 2026-07-15 (items 5.02, 7.01, 9.01); 2026-06-16 (items 5.02, 7.01, 9.01); 2026-06-10 (items 5.02, 5.07, 9.01); 2026-05-29 (items 1.01, 2.03, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: August 7, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.