American Airlines Group Inc. (NASDAQ: AAL) Investor Investigation Over Possible Violations Of Securities Laws

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

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Company Name(s): 
American Airlines
Affected Securities: 

An investigation on behalf of investors of American Airlines Group Inc. (NASDAQ: AAL) shares over potential securities laws violations by American Airlines Group Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of American Airlines Group Inc. (NASDAQ: AAL) concerning whether a series of statements by American Airlines Group Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

American Airlines Group Inc. reported that its annual Total Revenue rose from $42.62 billion in 2017 to $44.54 billion in 2018 and that its Net Income increased from over $1.28 billion in 2017 to over $1.41 billion in 2018.

On November 12, 2018, the Wall Street Journal published an article titled "Boeing Withheld Information on 737 Model, According to Safety Experts and Others." According to the article, Boeing "withheld information about potential hazards associated with a new flight-control feature suspected of playing a role in last month's fatal Lion Air jet crash[.]"
On March 10, 2019, an Ethiopian Airlines-operated Boeing 737 Max 8 model airplane crashed in Addis Ababa, Ethiopia, shortly after take-off, killing all 157 people onboard. In the wake of the crash, regulators in China and several other countries grounded all Boeing 737 Max 8 jets.