ITEM 7.01. REGULATION FD DISCLOSURE.




On June 3, 2022, American Airlines Group Inc. (the "Company") is presenting
information relating to its financial and operational outlook at the Bernstein
Strategic Decisions Conference. As previously announced, this presentation will
be webcast, with the link available at the Company's website at www.aa.com under
"Investor Relations."

Additionally, the Company is providing investors an update regarding its
financial and operational guidance for the second quarter of 2022. The Company
expects an increase in second quarter revenue versus prior guidance, driven by
continued strength in the demand and pricing environment. Based on its current
forecast, the Company now expects its second quarter capacity (versus the second
quarter of 2019) to come in at the low end of the Company's prior guidance
range.

Continued increases in the price of jet fuel are expected to result in higher
second quarter fuel costs versus prior guidance, while CASM excluding fuel and
net special items1 is up versus prior guidance due to slightly lower capacity
and higher selling expenses. The aforementioned revenue strength is expected to
more than offset these increased costs, resulting in an expected increase in
pre-tax margin excluding net special items2 versus prior guidance.

Estimated 2Q 2022 vs. 2Q 2019


                                                            Updated                                    Prior
Available Seat Miles                                     (7%) to (8%)                               (6%) to (8%)
Total Revenue                                             11% to 13%                                  6% to 8%
TRASM3                                                    20% to 22%                                 14% to 16%
CASM Excluding Fuel and Net Special Items1                10% to 11%                                 8% to 10%
Average Fuel Price (incl. Taxes) ($/Gallon)4            $3.92 to $3.97                             $3.59 to $3.64
Pre-tax Margin Excluding Net Special Items2                4% to 6%                                   3% to 5%


The information in this Item 7.01 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.



1 Total operating cost per available seat mile, excluding the impact of fuel and
net special items. CASM excluding fuel and net special items is a non-GAAP
measure, and the Company is unable to fully reconcile such forward-looking
guidance to the corresponding GAAP measure because the full nature and amount of
net special items cannot be determined at this time.

2 Pre-tax margin excluding net special items is a non-GAAP measure, and the Company is unable to fully reconcile such forward-looking guidance to the corresponding GAAP measure because the full nature and amount of net special items cannot be determined at this time.

3 Total revenue per available seat mile.

4 Updated based on the forward fuel curve as of May 31, 2022.

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Cautionary Statement Regarding Forward-Looking Statements



This document includes forward-looking statements within the meaning of the
Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as
amended, 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, the continuing availability of borrowings under revolving lines of
credit, 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 herein as well as in the Company's Quarterly Report on Form 10-Q for
the quarter ended March 31, 2022 (especially in Part I, Item 2. Management's
Discussion and Analysis of Financial Condition and Results of Operations and
Part II, Item 1A. Risk Factors), and other risks and uncertainties listed from
time to time in the Company's other filings with the Securities and Exchange
Commission. 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 the Company in particular have been material,
are changing rapidly, and cannot be predicted. Additionally, 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. 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.

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