Summary by Futu AI
The Vanguard Group has filed an amendment to its Schedule 13G with the Securities and Exchange Commission, indicating a significant stake in American Airlines Group Inc. As of September 30, 2024, The Vanguard Group reported beneficial ownership of 62,031,563 shares of American Airlines' common stock, representing 9.49% of the class. This filing, dated November 12, 2024, specifies that The Vanguard Group has shared voting power over 123,735 shares and sole dispositive power over 61,547,145 shares, with an additional shared dispositive power over 484,418 shares. The filing asserts that the shares were not acquired for the purpose of changing or influencing the control of American Airlines and were not held in connection with any transaction having that purpose or effect. The Vanguard Group, based in Pennsylvania, is an investment adviser and reports that its clients have the right to receive dividends or proceeds from the sale of the reported securities.