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For the Fiscal Year EndedDecember31, 2024 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 Commission file number1-8400 American Airlines Group Inc. (Exact name of registrant as specified in its charter) 75-1825172(I.R.S. Employer Identification No.)(682)278-9000Registrant’s telephone number, including area code Securities registered pursuant to Section12(b) of the Act: American Airlines, Inc. (Exact name of registrant as specified in its charter) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☒No☐Yes☒No☐ American Airlines Group Inc.American Airlines, Inc. Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act. American Airlines Group Inc.American Airlines, Inc. Yes☐No☒Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was requiredto file such reports), and (2)has been subject to such filing requirements for the past 90 days. American Airlines Group Inc.American Airlines, Inc. Yes☒No☐Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files). American Airlines Group Inc.American Airlines, Inc. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. American Airlines Group Inc.☒Large accelerated filer☐Acceleratedfiler☐Non-acceleratedfiler☐Smallerreportingcompany☐Emerginggrowth companyAmerican Airlines, Inc.☐Large accelerated filer☐Acceleratedfiler☒Non-accelerated filer☐Smallerreportingcompany☐Emerginggrowth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of theExchange Act. American Airlines Group Inc.American Airlines, Inc. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared or issued its audit report. American Airlines Group Inc.American Airlines, Inc. Yes☒No☐Yes☒No☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements ofthe registrant included in the filing reflect the correction of an error to previously issued financial statements. American Airlines Group Inc.American Airlines, Inc. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis ofincentive-based compensation received by any of the registrant’s executive officers during the relevant recovery periodpursuant to §240.10D-1(b). American Airlines Group Inc. American Airlines, Inc. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). American Airlines Group Inc.American Airlines, Inc. Yes☐No☒Yes☐No☒ The aggregate market value of the voting stock held by non-affiliates of American Airlines Group Inc. as of June 30, 2024,was approximately $7.4billion. As of February14, 2025, there were657,575,582shares of American Airlines Group Inc.common stock outstanding. As of February14, 2025, there were1,000shares of American Airlines, Inc. common stock outstanding, all of which wereheld by American Airlines Group Inc. OMISSION OF CERTAIN INFORMATION American Airlines, Inc. meets the conditions set forth in General Instruction I(1)(a) and (b) of Form 10-K and has thereforeomitted the information otherwise called for by Items 10-13 of Form 10-K as allowed under General Instruction I(2)(c). DOCUMENTS INCORPORATED BY REFERENCE Portions of the proxy statement related to American Airlines Group Inc.’s 2025 Annual Meeting of Stockholders, whichproxy statement will be filed under the Securities Exchange Act of 1934 within 120 days of the end of American AirlinesGroup Inc.’s fiscal year ended December31, 2024, are incorporated by reference into Part III of this Annual Report on Form10-K. American Airlines Group Inc.American Airlines, Inc.Form 10-KYear Ended December31, 2024Table of Contents PART I Item1.BusinessItem1A.Risk F