American Airlines Group Inc

AAL is in a Stage 4 decline with a decisive support failure and no evidence of a base forming, indicating ongoing supply dominance. Medium-term bias is bearish, and short-term conditions favor execution with price rejected at the 9/21 EMA resistance. We recommend selling now on pullbacks into this resistance zone for continuation of the downtrend.

• ↑Q2 revenue hit $14.4B, up 10.8% year-over-year on strong demand rebound
• ↑Premium unit revenue grew 7pp faster than main cabin, attracting high-yield customers
• ↓Total debt ~$29.3B and liabilities >$49B create high financial risk