
Key facts: AAL note purchase disclosed; Appaloosa exits stake

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American Airlines (AAL) disclosed a note purchase agreement dated May 11, 2026; filing gave no additional terms and recorded the transaction in its SEC disclosures.1Appaloosa sold its entire stake in American Airlines (AAL) in Q1 2026. The hedge fund previously held ~14.1M shares ( ~$217M value as of Dec 31) and now holds none.23
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