8-K 03.17.26 JPM INDUSTRIALS CONFERENCE

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American Airlines Group updated its Q1 2026 guidance at the J.P. Morgan Industrials Conference on March 17, 2026. Due to stronger-than-expected demand, total revenue is now expected to rise over 10% year-over-year, the highest quarterly growth in company history (excluding pandemic recovery). However, jet fuel prices have increased significantly, now assumed at ~$2.75 per gallon, leading to an adjusted loss per diluted share at the lower end of the initial guidance range (-$0.10 to -$0.50). ASM growth is ~3%-4%, and CASM-ex growth ~4%-5%.