ITEM 8.01. OTHER EVENTS.
As previously disclosed, onApril 20, 2020 (the "PSP Closing Date"),American Airlines, Inc. ,Envoy Air Inc. ,Piedmont Airlines, Inc. andPSA Airlines, Inc. , each a wholly-owned subsidiary ofAmerican Airlines Group Inc. (the "Company"), entered into a Payroll Support Program Agreement (the "PSP Agreement") with theUnited States Department of the Treasury ("Treasury"), with respect to the payroll support program under the Coronavirus Aid, Relief, and Economic Security Act. In connection with the Company's entry into the PSP Agreement, on the PSP Closing Date, it entered into a Warrant Agreement (the "Warrant Agreement") withTreasury , pursuant to which the Company issued warrants (the "Warrants") to purchase up to 13,703,876 shares (the "Warrant Shares") of the Company's common stock, par value$0.01 per share. OnAugust 28 , 2020, the Company filed a prospectus supplement (the "Resale Prospectus Supplement") to its automatic shelf registration statement on Form S-3 (File No. 333-236503) filed with theSecurities and Exchange Commission under the Securities Act of 1933. The Resale Prospectus Supplement covers the resale of the Warrants and the Warrant Shares and may be used byTreasury or certain of its assigns identified therein to resell the Warrants or Warrant Shares. The Company will not receive any proceeds from the sale of the Warrants or Warrant Shares. The Company is filing this report to provide the legal opinion ofLatham & Watkins LLP as to the legality of the issuance and sale of the Warrants and Warrant Shares, which opinion is attached hereto as Exhibit 5.1 and is incorporated herein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits. Exhibit No. Description 5.1 Opinion ofLatham & Watkins LLP . 23.1 Consent ofLatham & Watkins LLP (included in its opinion filed as Exhibit 5.1). 104.1 Cover page interactive data file (embedded within the Inline XBRL document).
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