American Airlines 8-KDeparture of Directors or Certain Officers

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On February 21, 2024, Mr. Devon May, the Chief Financial Officer of American Airlines Group Inc. (the “Company”), entered into a Restrictive Covenants Agreement and a Severance Agreement with the Company that provides for certain post-employment restrictive covenants, includingfor a period of 18 months andfor a period of 24 months following the date the executive terminates employment with the Company and irrespective of whether the executive receives severance in connection with the executive’s termination of employment. Mr. May’s Severance Agreement provides that in the event his employment is terminated by the Company without cause or he resigns for good reason (each, a “Covered Termination”), he will be entitled to: (i) a cash severance payment equal to 18 months of the executive’s base salary plus 1.5 times the executive’s annual target cash incentive, (ii) payment or reimbursement of COBRAmiums through the earlier of 18 months or the date the executive becomes eligible for coverage under another employer’an and (iii) continued vesting of outstanding equity awards for 18 months following the termination date. The Severance Agreement also provides for acceleration of equity awards in the event of a Covered Termination within theperiod following a change in control, with equity awards subject to performance-vesting conditions vesting at the greater of target or the expected attainment level based on performance as of the termination date.