**Company Profile: American Airlines Group**
American Airlines Group, Inc. (NASDAQ: AAL) is a publicly traded airline holding company headquartered in Fort Worth, Texas. As outlined on Yahoo Finance (https://finance.yahoo.com/quote/AAL/profile), here is a summary of the company:
* **Industry:** Airlines * **Sector:** Industrials * **Employees:** Approximately 133,700 (as of the latest update on Yahoo Finance) * **Description:** American Airlines Group operates a network of scheduled passenger flights throughout the United States, Latin America, the Caribbean, Canada, Mexico, the Atlantic, and the Pacific. It provides cargo and mail transportation services as well. * **Subsidiaries:** Notably includes American Airlines, Inc., Envoy Air Inc., PSA Airlines Inc., and Piedmont Airlines Inc. * **Founded:** December 1930 (as American Airlines, Inc.), with the current holding company structure established in 2013 following the merger with US Airways Group.**Removal from S&P 500 in 2024: Explanation**
**Note:** As of my last update (based on the query's date, October 30, 2024), I couldn't find publicly disclosed information or an official announcement from S&P Dow Jones Indices regarding the removal of American Airlines Group (AAL) from the S&P 500 index in 2024. The S&P 500 index changes are typically announced in advance and are based on a set of predetermined criteria, including market capitalization, liquidity, domicile, public float, sector classification, and stock exchange listing.
**Possible Reasons (Speculative, as no official information is available):**
* **Market Capitalization:** A significant decline in market capitalization below the index's minimum threshold. * **Merger/Acquisition or Structural Change:** Though not publicly known as of the query date, any announced or completed merger, acquisition, or substantial restructuring could lead to reevaluation of the company's index eligibility. * **Sector Reclassification:** Rare, but a change in the company's primary business activity could lead to its reclassification to a different sector, potentially affecting its S&P 500 eligibility.**Disclaimer:** The speculative reasons provided above are based on common criteria for S&P 500 index changes. Without an official statement from S&P Dow Jones Indices or American Airlines Group, the actual reason for any removal (if confirmed) cannot be accurately reported here.