Investors who lost money with shares of American Airlines Group Inc. (NASDAQ: AAL) should contact the Shareholders Foundation in connection with Lawsuit

An investor, who purchased shares of American Airlines Group Inc. (NASDAQ: AAL), filed a lawsuit over alleged violations of Federal Securities Laws by American Airlines Group Inc.

Investors who purchased shares of American Airlines Group Inc. (NASDAQ: AAL) have certain options and for certain investors are short and strict deadlines running. Deadline: September 16, 2024. NASDAQ: AAL investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On May 28, 2024, after the market closed, 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."

Shares of American Airlines Group Inc. (NASDAQ: AAL) declined from $15.36 per share on May 14, 2024, to $11.09 per share on June 14, 2024.

The plaintiff claims that between January 25, 2024 to May 28, 2024, the Defendants made overwhelmingly positive statements to investors regarding American's new sales and distribution strategy to reduce internal expenses while simultaneously driving a significant demand increase for the Company's airline services, and that these statements misrepresented the true state of American, and that the Company was simultaneously concealing material adverse facts including, notably, that the Company's sales and distribution strategy was not driving the revenue projected.

Those who purchased shares of American Airlines Group Inc. (NASDAQ: AAL) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.