Summary by Moomoo AI
BlackRock, Inc., a major investment management corporation based in Delaware, has filed an amended Schedule 13G/A with the Securities and Exchange Commission on January 29, 2024, indicating a significant ownership stake in American Airlines Group Inc. According to the filing, BlackRock now beneficially owns 38,064,291 shares of American Airlines' common stock, which represents 5.8% of the company's class of securities. This filing, required due to the event date of December 31, 2023, shows that BlackRock has sole voting power over 36,578,885 shares and sole dispositive power over all 38,064,291 shares it owns. The filing emphasizes that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of American Airlines. The address of BlackRock's principal business office is listed as 50 Hudson Yards, New York, NY 10001.