RADNOR, Pa., June 10, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of American Airlines Group Inc. (NASDAQ: AAL) ("American Airlines").

On May 28, 2024, after the market closed, American Airlines announced that its CCO was departing and that the company was lowering its guidance. In an industry conference the following day, May 29, 2024, American Airlines's CEO stated that the company's "expectation for domestic performance has worsened materially since [it] provided guidance in April," and that the revision "is largely due to a softer domestic environment than [the Company was] expecting and [its] performance within that environment."

On this news, American Airlines's stock price fell $1.82, or 13.5%, to close at $11.62 per share on May 29, 2024.

If you are an American Airlines investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or E-mail at info@ktmc.com. You can also click on the following link or paste it in your browser: https://www.ktmc.com/new-cases/american-airlines-group-inc?utm_campaign=aal&mktm=r

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
280 King of Prussia Road
Radnor, PA 19087
(484) 270-1453
info@ktmc.com

May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.

View original content:https://www.prnewswire.com/news-releases/aal-investigation-alert-kessler-topaz-meltzer--check-llp-encourages-american-airlines-group-inc-nasdaq-aal-investors-with-losses-to-contact-the-firm-302168624.html

SOURCE Kessler Topaz Meltzer & Check, LLP