American Airlines Group Inc. Adopts Tax Benefit Preservation Plan for Net Operating Losses
FORT WORTH, Texas, Dec. 22, 2021 (GLOBE NEWSWIRE) -- American Airlines Group Inc. (the "Company" or "American Airlines") (NASDAQ:AAL) announced today that its Board of Directors has adopted a tax benefit preservation plan to help preserve the value of its net operating losses and other tax attributes. The Company estimates that its cumulative U.S. federal net operating loss carryforwards exceed $16.5 billion, which can be utilized in certain circumstances to reduce future U.S. corporate income tax liabilities. The tax benefit preservation plan was adopted to protect an important asset of American Airlines that may have meaningful value to all American Airlines stockholders. These tax bene
