American Airlines Investors Drop Derivative Suit Over Sales Plan

Two American Airlines Group Inc. investors have voluntarily dismissed their suit on behalf of the company over its leaders’ positive statements to investors about a failing post-pandemic sales strategy.

Judge Reed O’Connor of the US District Court for the Northern District of Texas approved the dismissal Feb. 6 after tossing a related proposed class action in November.

• The investors sued the board and top executives, saying the company pushed customers away from corporate booking agencies and toward American’s website in an effort to pare down debts accrued during the pandemic
• The switch alienated the company’s most lucrative customers, yet leaders ...