NEW YORK, NY / ACCESSWIRE / July 2, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of American Airlines Group Inc. ("American Airlines") (NASDAQ:AAL) concerning possible violations of federal securities laws.
After the market closed, on May 28, 2024, American Airlines announced the departure of its Chief Commercial Officer and lowered its guidance. In an industry conference the following day, May 29, 2024, American Airlines' Chief Executive Officer stated that the Company's "expectation for domestic performance has worsened materially since [it] provided guidance in April" and that its lowered guidance "is largely due to a softer domestic environment than [the Company was] expecting and [its] performance within that environment."
Following this news, American Airlines' stock price dropped over 13% on May 29, 2024. To obtain additional information, go to:
https://zlk.com/pslra-1/american-airlines-lawsuit-submission-form?prid=88852&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP