American Airlines Group Inc 8-K, filed Apr 3, 2020
American Airlines Group Inc. (AAL)
8-K
2020-04-03
For: 2020-04-02
View Original
Added on
April 08, 2026
About this 8-K
American Airlines Group Inc filed this 8-K on April 3, 2020, reporting on events of April 2, 2020.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 2, 2020
(Exact name of registrant as specified in its charter)
(State or other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
(Address of principal executive offices) | (Zip Code) | ||||
Registrant’s telephone number, including area code:
(817 ) 963-1234
(817 ) 963-1234
N/A | ||
(Former name or former address if changed since last report.) | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company | |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 7.01. | REGULATION FD DISCLOSURE. |
On April 2, 2020, American Airlines, Inc. (“American”) issued a press release announcing additional adjustments to its schedule in response to decreased consumer demand for air travel due to continued uncertainty surrounding the outbreak of the COVID-19 virus. The press release is furnished herewith as Exhibit 99.1 and is incorporated by reference into this Item 7.01.
The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section and shall not be deemed incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Cautionary Statement Regarding Forward-Looking Statements
Certain of the statements contained in this report should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended (the “Securities Act”), the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “project,” “could,” “should,” “would,” “continue,” “seek,” “target,” “guidance,” “outlook,” “if current trends continue,” “optimistic,” “forecast” and other similar words. Such statements include, but are not limited to, statements about the Company’s plans, objectives, expectations, intentions, estimates and strategies for the future, and other statements that are not historical facts. These forward-looking statements are based on the Company’s current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 (especially in Part I, Item 1A. Risk Factors and Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations), and other risks and uncertainties listed from time to time in the Company’s other filings with the Securities and Exchange Commission. There may be other factors of which the Company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. In particular, the consequences of the coronavirus outbreak to economic conditions and the travel industry in general and the financial position and operating results of our company in particular have been material, are changing rapidly, and cannot be predicted. The Company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.
ITEM 9.01. | FINANCIAL STATEMENTS AND EXHIBITS. |
(d) Exhibits. | ||
Exhibit No. | Description | |
99.1 | ||
104.1 | Cover page interactive data file (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, American Airlines Group Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AMERICAN AIRLINES GROUP INC. | |||
Date: April 2, 2020 | By: | /s/ Derek J. Kerr | |
Derek J. Kerr | |||
Executive Vice President and Chief Financial Officer | |||
Pursuant to the requirements of the Securities Exchange Act of 1934, American Airlines, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AMERICAN AIRLINES, INC. | |||
Date: April 2, 2020 | By: | /s/ Derek J. Kerr | |
Derek J. Kerr | |||
Executive Vice President and Chief Financial Officer | |||
Exhibit 99.1
AMERICAN AIRLINES ANNOUNCES SUMMER SCHEDULE CHANGES TO MATCH REDUCED CUSTOMER DEMAND RELATED TO COVID-19
Carrier further reduces international capacity for summer and winter
FORT WORTH, Texas –– American Airlines Group Inc. (NASDAQ: AAL) will make further capacity cuts this summer to address record low customer demand. The airline will:
• | Suspend more than 60% of international capacity for the peak summer travel season versus the same period last year. |
• | Delay the launch of new routes, including service from Philadelphia (PHL) to Casablanca (CMN), Chicago (ORD) to Krakow (KRK) and Seattle (SEA) to Bangalore (BLR) to 2021. |
• | Delay the launch of new winter seasonal service from Los Angeles (LAX) to Christchurch (CHC) and from Dallas-Fort Worth (DFW) to Auckland (AKL) to winter 2021. |
• | Suspend 25 total summer seasonal flights until summer 2021. |
Summer and winter capacity will be reduced
American will suspend more than 60% of its total international capacity this summer compared to the same peak period in 2019, which includes an 80% reduction in Pacific capacity, 65% reduction in Atlantic capacity and 48% reduction in Latin America capacity. These changes are due to significantly decreased customer demand as well as government travel restrictions –– both related to the coronavirus (COVID-19) pandemic. The reduced summer schedule, as well as the previously announced domestic schedule reductions for May, will be reflected on aa.com starting Sunday, April 5.
The airline previously announced that new service to AKL from Dallas-Fort Worth (DFW), CHC from Los Angeles (LAX) and BLR from SEA would all begin in October 2020, but American will now begin operating those routes in winter 2021. The resumption of existing service to AKL from LAX –– which was originally slated to resume in early October 2020 –– will now resume at the end of October 2020.
American will further extend the start date of new routes. Service to London (LHR) from Boston (BOS) will now launch in October 2020 and service to Tel Aviv (TLV) from DFW will begin in September 2021. Service to CMN from PHL and KRK from ORD will not launch this year, as well as 23 existing summer seasonal routes.
A full list of changes to the international summer schedule is below. There are no further changes at this time.
Updated Asia Pacific schedules:
Origin | Destination | Schedule change |
DFW | Auckland (AKL) | Inaugural flight moves to winter 2021 |
DFW | Hong Kong (HKG) | Service resumes July 7 |
DFW | Tokyo-Haneda (HND) | Inaugural flight moves to July 7 |
DFW | Seoul (ICN) | Service resumes July 7 |
DFW | Beijing (PEK) | Service resumes Oct. 25 |
DFW | Shanghai (PVG) | Service resumes Oct. 25 |
LAX | AKL | Seasonal service resumes Oct. 25 |
LAX | Christchurch (CHC) | Inaugural flight moves to winter 2021 |
LAX | HKG | Service resumes Oct. 25 |
LAX | HND | Service resumes July 7; twice-daily service resumes Oct. 25 |
LAX | PEK | Service resumes Oct. 25 |
LAX | PVG | Service resumes Oct. 25 |
LAX | Sydney (SYD) | Service resumes Oct. 23 |
Updated Europe and Africa schedules
The following routes will begin operating later this year
Origin | Destination | Schedule change |
BOS | London (LHR) | Inaugural flight moves to October 25 |
CLT | LHR | Service resumes July 7; twice-daily service resumes October 2020 |
CLT | Frankfurt (FRA) | Service resumes Oct. 25 |
CLT | Munich (MUC) | Service resumes July 7 |
DFW | Amsterdam (AMS) | Service resumes June 4 |
DFW | Dublin (DUB) | Service resumes July 7 |
DFW | Frankfurt (FRA) | Service resumes June 4 |
JFK | Barcelona (BCN) | Service resumes Oct. 25 |
JFK | Paris (CDG) | Service resumes July 7 |
JFK | LHR | Service resumes June 4 |
JFK | Madrid (MAD) | Service resumes July 7 |
JFK | Milan (MXP) | Service resumes Oct. 25 |
LAX | LHR | Service resumes June 4 |
MIA | BCN | Service resumes Oct. 25 |
MIA | CDG | Service resumes Oct. 25 |
MIA | MAD | Service resumes July 7 |
MIA | Milan (MXP) | Service resumes Oct. 25 |
ORD | Athens (ATH) | Service resumes June 4 |
ORD | BCN | Service resumes July 7 |
ORD | DUB | Service resumes June 4 |
ORD | LHR | Service resumes June 4 |
PHL | AMS | Service resumes Oct. 7 |
PHL | BCN | Service resumes Oct. 25 |
PHL | CDG | Service resumes Oct. 25 |
PHL | DUB | Service resumes Oct. 7 |
PHL | Rome (FCO) | Service resumes Oct. 25 |
PHL | LHR | Service resumes June 4 |
PHL | MAD | Service resumes July 7 |
PHL | Manchester (MAN) | Service resumes Oct. 25 |
PHL | Zurich (ZRH) | Service resumes July 7 |
PHX | LHR | Service resumes Oct. 7 |
RDU | LHR | Service resumes June 4 |
The following routes will not operate this summer season
Origin | Destination |
CLT | BCN |
CLT | CDG |
CLT | DUB |
CLT | FCO |
CLT | MAD |
DFW | FCO |
DFW | MUC |
JFK | FCO |
ORD | Budapest (BUD) |
ORD | CDG |
ORD | FCO |
ORD | Krakow (KRK) |
ORD | Prague (PRG) |
ORD | Venice (VCE) |
PHL | ATH |
PHL | BUD |
PHL | Casablanca (CMN) |
PHL | Dubrovnik (DBV) |
PHL | Edinburgh (EDI) |
PHL | Reykjavík (KEF) |
PHL | Lisbon (LIS) |
PHL | PRG |
PHL | Shannon (SNN) |
PHL | Berlin (TXL) |
PHL | VCE |
Updated Latin America schedules:
Origin | Destination | Schedule change |
DFW | Buenos Aires (EZE) | Service resumes Oct. 25 |
DFW | São Paulo (GRU) | Service resumes July 7 |
DFW | Lima (LIM) | Service resumes July 7 |
DFW | Santiago (SCL) | Service resumes Oct. 25 |
JFK | EZE | Service resumes June 4 |
JFK | Rio de Janeiro (GIG) | Service resumes Dec. 17 |
JFK | GRU | Service resumes June 4 |
LAX | EZE | Service resumes Oct. 25 |
LAX | GRU | Service resumes Oct. 25 |
MIA | Brasilia (BSB) | Service resumes Oct. 25 |
MIA | EZE | Service resumes May 7; twice-daily service resumes Oct. 25 |
MIA | GIG | Service resumes June 4 |
MIA | GRU | Service resumes May 7; twice-daily service resumes Oct. 25 |
MIA | SCL | Service resumes May 7 |
About American Airlines Group
American Airlines offers customers 6,800 daily flights to more than 365 destinations in 61 countries from its hubs in Charlotte, Chicago, Dallas-Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. With a shared purpose of caring for people on life's journey, American's 130,000 global team members serve more than 200 million customers annually. Since 2013, American has invested more than $28 billion in its product and people and now flies the youngest fleet among U.S. network carriers, equipped with industry-leading high-speed Wi-Fi, lie-flat seats, and more inflight entertainment and access to power. American also has enhanced food and beverage options in the air and on the ground in its world-class Admirals Club and Flagship lounges. American was recently named a Five Star Global Airline by the Airline Passenger Experience Association and Airline of the Year by Air Transport World. American is a founding member of oneworld®, whose members serve 1,100
destinations in 180 countries and territories. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL and the company's stock is included in the S&P 500. Learn more about what's happening at American by visiting news.aa.com and connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.
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