Announcement • Dec 18

Sanford Heisler Sharp Mcknight Files $36 Million Lawsuit on Behalf of Eighteen Student Pilots Deceived and Discriminated Against While Attending the American Airlines Cadet Academy

Sanford Heisler Sharp McKnight filed a complaint against American Airlines, Inc. and American Airlines Group, Inc. (“American Airlines”), and Coast Flight Training and Management, Inc. (“Coast”) (collectively, “Defendants”) and American Airlines Federal Credit Union, alleging that the Defendants made false and misleading statements to eighteen student pilots (“the Cadets”) and targeted the Cadets, all people of color, to induce them to attend a discriminatory pilot training academy. The Cadets seek $36 million in damages for the alleged unlawful conduct. The complaint alleges that, throughout the years 2018-2023, Defendants made false and misleading statements to the Cadets and the public about the American Airlines Cadet Academy (“AACA”) at Coast, a flight training program designed to be a fast-tracked pipeline to a pilot career at American Airlines, the world’s largest airline. According to the complaint, Defendants falsely promised that, through the AACA at Coast, the Cadets could and would achieve all the ratings required to become a commercial pilot - within twelve (12) months and at a specified cost that was all-inclusive and would be covered by a single loan. The Cadets allege Defendants further falsely promised that all cadets in the AACA would be flying five days per week, receive an American Airlines pilot as a mentor to guide them through the program, and upon completing the program would receive an interview with American’s wholly owned regional carriers and be “well on [their] way to working at American Airlines.” The complaint alleges that these statements induced the Cadets to take out massive loans - some with American Airlines’ own federal Credit Union - that Defendants promised would be enough to cover tuition and living expenses for the AACA at Coast in its San Diego, California, Dallas, Texas, and San Marcos, Texas locations. However, as the complaint alleges, the reality at the AACA bore little resemblance to what was advertised: Cadets did not train nearly as frequently as was promised; training aircraft were limited; few received pilot mentors; and ultimately the AACA cost each Cadet much more and took much longer to complete than Defendants claimed. Very few students actually finish the program within the advertised time and budget, the complaint alleges, and none of the Cadets did. The complaint also alleges that American Airlines created the AACA, in part, to promote diversification of the pilot profession, which is historically overwhelmingly white. This goal would seem laudable but, as the complaint alleges, Defendants and the American Airlines Federal Credit Union engaged in a form of “reverse redlining,” in violation of civil rights law, by predatorily marketing and targeting the faulty program to non-white people whom the Defendants knew had almost no chance of completing the AACA despite their pouring hundreds of thousands of dollars into attending. And once Cadets were at the AACA at Coast, according to the complaint, Defendants systematically discriminated against the Cadets. The complaint alleges that the Defendants treated the Cadets less favorably than white students, including by providing them with fewer training opportunities than their white peers, grading them more harshly, and ultimately railroading many non-white Cadets into a dead-end remedial program that led to their dismissal from the program. Moreover, Coast and American staff, the complaint alleges, made racially derogatory statements about numerous Cadets, calling them, for example, “ghetto,” “dirty,” “aggressive,” “hostile,” “tiny-brain[ed],” and labeling them as “trouble students.” The complaint alleges Defendants fostered a biased, hostile environment that made it impossible for the Cadets to succeed in their flight training - so much so that non-white cadets at the AACA were over three times more likely to be removed or forced to resign from the AACA than white cadets. The case is filed in the Southern District of California. The Cadets are represented by Sanford Heisler Sharp McKnight Partners Saba Bireda, Christine Dunn (D.C. Office), and Carolin Guentert (N.Y. Office) as well as Senior Litigation Counsel Cara Van Dorn and Associate Hilary Rosenthal in the San Diego Office. The complaint filed alleges that Defendants violated the California Unfair Competition Law, California False Advertising Law, the California Consumer Legal Remedies Act, the Texas Deceptive Trade Practices Act, Racketeer Influenced and Corrupt Organizations Act, and California and Texas common law against fraud. The complaint also alleges that Defendants violated federal and state civil rights laws including Section 1981, Title VI of the Civil Rights Act of 1964, and the California Unruh Civil Rights Act. In addition, the complaint alleges that Defendants and the American Airlines Federal Credit Union violated the Equal Credit Opportunity Act. Finally, the complaint alleges that Coast defamed the Cadets to American Airlines.

Announcement • Aug 29

Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against American Airlines Group Inc

Robbins Geller Rudman & Dowd LLP announced that it has filed a class action lawsuit seeking to represent purchasers of American Airlines Group Inc. common stock between July 20, 2023 and May 28, 2024, inclusive (the “Class Period”). Captioned Thornburg v. American Airlines Group Inc., No. 24-cv-00823 (N.D. Tex.), the American Airlines class action lawsuit charges American Airlines and certain of American Airlines’ top current and former executives with violations of the Securities Exchange Act of 1934. A previously filed complaint is captioned Qawasmi v. American Airlines Group Inc., No. 24-cv-00673 (N.D. Tex.). Lead plaintiff motions for the American Airlines class action lawsuit must be filed with the court no later than September 16, 2024. CASE ALLEGATIONS: American Airlines operates as a network air carrier, which provides scheduled air transportation services for passengers and cargo through its hubs. The American Airlinesclass action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) the new distribution capability sales strategies that American Airlines adopted were not sustainable because they alienated travel agencies and the corporate customers who were among the airlines’ highest spending customers, drove away lucrative corporate customers, and ultimately diminished American Airlines’ revenues; and (ii) as a result, American Airlines’ business metrics and financial prospects were not as strong as indicated in its Class Period statements. On May 28, 2024, American Airlines reported that it was parting ways with its Senior Vice President and Chief Commercial Officer, defendant Vasu S. Raja, the executive behind American Airlines’ efforts to revamp American Airlines’ sales approaches in order to increase profitability to address the massive debt American Airlines had taken on during the Covid-19 pandemic. American Airlines also reported its first quarter 2024 financial results, disclosing that it had swung to a huge loss, despite having achieved record-breaking revenues, and further revealed that American Airlines was slashing its second quarter 2024 financial guidance, stating that it only expected adjusted earnings of $1.00 to $1.15 per share, down from its previous range of $1.15 to $1.45 per share. American Airlines also announced that its second quarter 2024 operating margin would come in approximately 1 percentage point lower than it had previously promised, as revenue per available seat mile was then tracking well below American Airlines’ previous outlook. On this news, the price of American Airlines common stock fell more than 13%, damaging investors. The plaintiff is represented by Robbins Geller, which has extensive experience in prosecuting investor class actions including actions involving financial fraud. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased American Airlines common stock during the Class Period to seek appointment as lead plaintiff in the American Airlinesclass action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the American Airlinesclass action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the American Airlinesclass action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the American Airlinesclass action lawsuit.

Airlines earnings growth	14.6%
Revenue growth rate	5.2%
Future return on equity	215.16%
Analyst coverage	Good
Last updated	07 May 2026

Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2028	67,576	1,739	1,248	5,504	16
12/31/2027	64,414	1,425	470	4,856	22
12/31/2026	62,181	114	-140	4,127	21
3/31/2026	55,994	202	1,100	4,866	N/A
12/31/2025	54,633	111	-680	3,099	N/A
9/30/2025	54,294	602	882	3,771	N/A
6/30/2025	54,250	567	1,563	4,094	N/A
3/31/2025	54,192	685	1,576	4,259	N/A
12/31/2024	54,211	846	1,300	3,983	N/A
9/30/2024	53,613	275	-552	2,234	N/A
6/30/2024	53,448	-121	-812	2,015	N/A
3/31/2024	53,169	500	-265	2,650	N/A
12/31/2023	52,788	822	1,207	3,803	N/A
9/30/2023	52,914	1,606	2,557	4,996	N/A
6/30/2023	52,894	2,634	1,960	4,345	N/A
3/31/2023	52,261	1,772	2,077	4,321	N/A
12/31/2022	48,971	127	-373	2,173	N/A
9/30/2022	45,210	-1,608	-1,006	1,131	N/A
6/30/2022	40,717	-1,921	-1,756	-16	N/A
3/31/2022	34,773	-2,378	538	1,715	N/A
12/31/2021	29,882	-1,993	496	704	N/A
9/30/2021	24,483	-3,239	-1,415	-959	N/A
6/30/2021	18,686	-5,808	-2,798	-1,823	N/A
3/31/2021	12,830	-7,894	-7,529	-6,201	N/A
12/31/2020	17,337	-8,885	-8,674	-6,543	N/A
9/30/2020	24,622	-6,293	-6,029	-3,080	N/A
6/30/2020	33,361	-3,469	-2,826	352	N/A
3/31/2020	43,699	-740	-1,812	1,996	N/A
12/31/2019	45,768	1,686	N/A	3,815	N/A
9/30/2019	45,393	1,596	N/A	3,931	N/A
6/30/2019	45,041	1,543	N/A	3,026	N/A
3/31/2019	44,724	1,438	N/A	3,384	N/A
12/31/2018	44,541	1,412	N/A	3,533	N/A
9/30/2018	44,214	505	N/A	3,254	N/A
6/30/2018	43,619	794	N/A	3,700	N/A
3/31/2018	43,203	1,101	N/A	4,294	N/A
12/31/2017	42,622	1,282	N/A	4,744	N/A
9/30/2017	41,800	2,154	N/A	4,934	N/A
6/30/2017	41,429	2,230	N/A	5,629	N/A
3/31/2017	40,565	2,316	N/A	6,154	N/A
12/31/2016	40,142	2,584	N/A	6,524	N/A
9/30/2016	40,021	5,668	N/A	6,125	N/A
6/30/2016	40,134	6,624	N/A	6,241	N/A
3/31/2016	40,598	7,378	N/A	6,375	N/A
12/31/2015	40,990	7,610	N/A	6,249	N/A
9/30/2015	41,520	4,926	N/A	6,825	N/A
6/30/2015	41,953	4,175	N/A	5,284	N/A

Data	Last Updated (UTC time)
Company Analysis	2026/05/07 22:16
End of Day Share Price	2026/05/07 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Analyst	Institution
John Staszak	Argus Research Company
Brandon Oglenski	Barclays
Brandon Oglenski	Barclays

American Airlines Group Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

American Airlines Group Inc. Provides Earnings Guidance for the Second-Quarter 2026

Consensus EPS estimates fall from profit to US$0.035 loss

Price target decreased by 7.0% to US$14.86

Consensus EPS estimates increase by 12%, revenue downgraded

Price target decreased by 7.1% to US$16.20

Consensus EPS estimates fall by 14%

Recent updates

American Airlines Expands Capacity and Industry Influence as Merger Ideas Resurface

AAL: Higher Fuel Costs Will Constrain Margins And Future Earnings Flexibility

American Airlines Group Inc. Announces the Retirement of Denise M. O’Leary as Director

American Airlines Group Inc. Provides Earnings Guidance for the Second-Quarter 2026

First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall from profit to US$0.035 loss

American Airlines Group Inc., Annual General Meeting, Jun 10, 2026

American Airlines Dismisses Merger Talks with United Airlines

AAL: Fuel Resilience And Demand Strength Will Support Future Margin Execution

United CEO Reportedly Pitches American Airlines Merger to President Trump

Price target decreased by 7.0% to US$14.86

Consensus EPS estimates increase by 12%, revenue downgraded

AAL: Fuel Cost Headwinds Will Test Rebounding Demand And Margin Execution

American Airlines Group Inc. Appoints Mary Dillon to Its Board of Directors and Compensation Committee and Corporate Governance and Public Responsibility Committee

American Airlines: Back In The Game

AAL: Revenue Initiatives And Demand Trends Are Expected To Offset Fuel Risks

Price target decreased by 7.1% to US$16.20

Consensus EPS estimates fall by 14%

Investor sentiment deteriorates as stock falls 15%

AAL: Fuel Costs And Capacity Pressures Will Temper Execution Upside Potential

AAL: Execution And Regulatory Setbacks Will Likely Cap Earnings Repricing Potential

AAL: Execution And Regulatory Risks Will Likely Restrain Margin-Driven Repricing

American Airlines Group Inc. Provides Earnings and Operating Guidance for the First Quarter 2026

Full year 2025 earnings: EPS misses analyst expectations

AAL: Revenue Initiatives And Demand Momentum Are Expected To Support Upside

Consensus EPS estimates fall by 11%

Price target increased by 7.9% to US$17.13

AAL: Rebounding Demand And Cost Actions Will Shape Measured Earnings Progress

The "Big Four" Dominance

AAL: Rising Execution Risks Will Likely Cap Upside Amid Industry Shift

Even With A 26% Surge, Cautious Investors Are Not Rewarding American Airlines Group Inc.'s (NASDAQ:AAL) Performance Completely

Sanford Heisler Sharp Mcknight Files $36 Million Lawsuit on Behalf of Eighteen Student Pilots Deceived and Discriminated Against While Attending the American Airlines Cadet Academy

AAL: Demand And Fare Tailwinds Will Support Gradual Earnings And Risk Rebalancing

Consensus EPS estimates fall by 18%

Consensus EPS estimates fall by 12%

AAL: Sustained Demand And Pricing Momentum Will Drive Margin Expansion Ahead

AAL: Industry Shifts And Expense Pressures Will Shape Fair Value Outlook

Industry Transformation And Demand Shifts Will Shape Airline Performance Ahead

Third quarter 2025 earnings: EPS exceeds analyst expectations

American Airlines Group Inc. Provides Earnings Guidance for the Fourth Quarter of 2025

American Airlines Group Inc. Announces Executive Changes

Domestic Recovery And Upgraded Fleet Will Sustain Future Success

Domestic Recovery And Upgraded Fleet Will Sustain Future Success

American Airlines is the ugly duckling in the US airlines industry

Domestic Recovery And Upgraded Fleet Will Sustain Future Success

American Airlines Adds Destinations and Increases Capacity Between Quebec City and the United States

American Airlines Group's (NASDAQ:AAL) Earnings May Just Be The Starting Point

Second quarter 2025 earnings: EPS exceeds analyst expectations

When Should You Buy American Airlines Group Inc. (NASDAQ:AAL)?

American Airlines Group Inc. Appoints Kathryn Farmer as Board of Director

A Piece Of The Puzzle Missing From American Airlines Group Inc.'s (NASDAQ:AAL) 26% Share Price Climb

Investor sentiment improves as stock rises 18%

Price target decreased by 7.7% to US$13.37

First quarter 2025 earnings: EPS misses analyst expectations

American Airlines: Rating Downgrade On Huge Debt

American Airlines Group Inc., Annual General Meeting, Jun 11, 2025

Investor sentiment deteriorates as stock falls 15%

Consensus EPS estimates fall by 17%

Price target decreased by 8.4% to US$16.96

American Airlines Group Names Tony Richmond as Executive Vice President, Corporate Affairs, and Chief Legal Officer, Effective from May 5, 2025

American Airlines: Industry Profits Will Fall Until Consolidation Limits Competition

American Airlines is the ugly duckling in the US airlines industry

Consensus EPS estimates fall by 10%

American Airlines' Stock Is Losing Altitude - Here's Why I'm Short

Price target decreased by 8.6% to US$19.11

Investor sentiment deteriorates as stock falls 22%

Full year 2024 earnings: EPS exceeds analyst expectations

American Airlines: Only The Start

New Citi Partnership And Fleet Expansion Will Boost Customer Experience And Demand