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 the PSP Agreement,Treasury initially provided us with financial assistance in the aggregate amount of approximately$5,815 million in installments on the PSP Closing Date,May 29, 2020 ,June 30, 2020 andJuly 30, 2020 (collectively, the "Original PSP Support"). OnSeptember 30, 2020 ,Treasury provided us with additional financial assistance in the amount of approximately$168 million (the "Additional PSP Support"). As partial compensation to theU.S. Government for the provision of the Original PSP Support and the Additional PSP Support, the Company issued warrants (the "Warrants") to purchase up to 14,107,509 shares (the "Warrant Shares") of the Company's common stock, par value$0.01 per share, toTreasury pursuant to the Warrant Agreement. OnAugust 28, 2020 , the Company filed a prospectus supplement (the "Original Prospectus Supplement") to register the resale of the Warrants and Warrant Shares issued in connection with the Company's receipt of the Original PSP Support. OnNovember 25, 2020 , the Company filed a prospectus supplement (the "November 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 November Prospectus Supplement amends and restates the Original Prospectus Supplement to register the resale of the full amount of the Warrants and Warrant Shares of which 13,703,876 shares and 403,633 shares were issued in connection with the Company's receipt of the Original PSP Support and the Additional PSP Support, respectively. The November Prospectus Supplement 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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