American Airlines Group Inc. (NasdaqGS:AAL) announces a share repurchase program. Under the program, the company will repurchase up to $2,000 million worth of its shares. The repurchases will be made through a variety of methods, which may include open market purchases, privately negotiated transactions, block trades or accelerated share repurchase transactions. The share repurchase program could cause the company’s share price to be higher than it would otherwise be and could potentially reduce the market liquidity for the shares and will diminish the cash reserves, which may impact the company’s ability to finance future growth and to pursue possible future strategic opportunities and acquisitions. The share repurchase program may fluctuate such that the company’s cash flow may be insufficient to fully cover the share repurchases. The share repurchase programs are intended to enhance long-term stockholder value, there is no assurance that it will do so because the market price of the common stock may decline below the levels at which the shares will be repurchased and short-term stock price fluctuations could reduce the program’s effectiveness. The repurchases will be made from time to time subject to market and economic conditions, applicable legal requirements and other relevant factors. The program does not obligate the company to repurchase any specific number of shares or to repurchase any specific number of shares for any fixed period. The repurchase program may be suspended at any time at company’s discretion. The share repurchase program will expire on December 31, 2018.