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American Airlines Group Inc. (AAL) was formed following the merger between American Airlines and US Airways Group. One of the major global airlines, it carries passengers and cargo, flying to about 350 destinations in more than 50 countries. It has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. American Airlines generates more than 79% of its revenue from passengers and another 7% from moving cargo.
American Airlines’ top shareholders are W. Douglas Parker, Robert D. Isom, Stephen L. Johnson, Vanguard Group Inc., Primecap Management Co., and BlackRock Inc. (BLK).
Its 12-month trailing net profit and revenue were $1.6 billion and $52.9 billion, respectively. The company’s market cap is about $9.6 billion. These financial data are as of February 2024.
Here is a more detailed look at American Airlines’ six largest shareholders.
Key Takeaways
- American Airlines is a commercial airline carrier that serves 350 destinations in 50 countries.
- The top shareholders are institutional investors, like BlackRock, Vanguard, and Primecap Management Co.
- Among company insiders, the biggest shareholders are CEO W. Douglas Parker, President Robert Isom, and Executive Vice President Stephen Johnson.
Top 3 Individual Insider Shareholders
The following are the top holdings for company insiders, such as executives or members of the board of directors. This list only includes direct ownership of shares, not options.
W. Douglas Parker
William Douglas Parker owns a total of 2.5 million American Airlines shares, according to a 13F filing dated March 11, 2023. That represents 0.4% of the company’s total shares outstanding. Parker is the company’s chair and chief executive officer (CEO), taking on the role after American Airlines and US Airways merged in 2013. Previously, Parker was chair, president and CEO of America West Airlines before the merger of US Airways and America West Airlines in 2005. He is an experienced airline executive, working in the sector over four decades.
Robert D. Isom
Robert Isom owns a total of 4.4 million American Airlines shares, according to a 13F filing dated Sept. 20, 2023. This represents 0.6% of the company’s total shares outstanding. Isom became American Airlines Group’s president in 2016 after working as chief operating officer (COO) following the 2013 merger. He held the same position at US Airways. Between 1995 and 2000, Isom held several positions with America West Airlines.
“Insider” refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company’s stock. In this context, it has nothing to do with insider trading.
Stephen L. Johnson
Stephen Johnson owns a total of 2.4 million American Airlines shares, representing about 0.4% of the company’s total shares outstanding. Johnson is the company’s executive vice president, corporate affairs. In this role, he has broad responsibilities, including overseeing corporate governance, legal affairs, government and regulatory affairs, sustainability efforts, labor relations, and real estate. Before joining American Airlines, Johnson was a partner at Indigo Partners LLC, a private equity firm, and held a variety of positions at America West Airlines.
Top 3 Institutional Shareholders
Vanguard Group Inc.
Vanguard Group owns 75 million shares of American Airlines Group, with a total value of over $1 billion. This represents 11.5% of the company’s total shares outstanding for the period ending Dec. 31, 2023, according to the company’s 13F filing. Vanguard is primarily a mutual fund and ETF management company with about $7.6 trillion of global assets under management (AUM) as of February 2024. This includes the Vanguard S&P 500 ETF (VOO), which had over $1.0 trillion under management. American Airlines comprises about 0.02% of the fund.
BlackRock Inc.
BlackRock owns 38 million shares of American Airlines Group, worth about $523 million. That’s about 5.8% of the airline’s total shares outstanding for the period ending Dec. 31, 2023, according to the company’s 13F filing. BlackRock is an investment management company with $9.1 trillion AUM. The iShares Core S&P 500 ETF (IVV) is one of BlackRock’s largest ETFs with approximately $434 billion in net assets. American Airlines comprises about 0.02% of IVV’s holdings.
Primecap Management Co.
Primecap Management Co. owns 37 million shares of American Airlines Group, representing 5.6% of total shares outstanding for the period ending Dec. 31, 2023, according to the company’s 13F filing. Primecap manages U.S.-focused equity portfolios for mutual funds and other institutional investors with about $117 billion of AUM. Primecap Odyssey Aggressive Growth Fund has $7.2 billion in assets, making it the largest of its three Odyssey funds. The fund’s portfolio included $56 million of American Airlines stock, comprising 0.79% of the fund’s holdings as of Dec. 31.
Does American Airlines Give Refunds?
You can refund your American Airlines ticket within 24 hours of purchase, provided that you bought it at least two days before departure. However, tickets bought from third party travel agents and group purchases are not eligible.
How Much Does American Airlines Charge to Change a Flight?
Depending on your flight details, you may be able to change your flight, but you will still have to pay the difference between flight costs. In addition, the new flight must be within one year of the original flight. Basic Economy flights cannot be changed.
How Do You Invest in American Airlines?
You can invest in American Airlines by searching for the stock ticker ‘AAL’ on the screener of your broker-dealer. Alternatively, you can also look for ETFs and mutual funds that invest in American Airlines stock.
The Bottom Line
American Airlines is a major carrier of cargo and passenger flights, with destinations in 50 countries. The top shareholders are asset manages, like Vanguard and BlackRock. Company insiders also have large stakes, including executives and board members.