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American Airlines declares preferred stock purchase right for shareholders as part of tax benefit preservation plan

American Airlines declares preferred stock purchase right for shareholders as part of tax benefit preservation plan

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American Airlines Group Inc. AAL, +4.74% said Wednesday its board of directors adopted a tax benefit preservation plan to help preserve the value of its net operating losses and other tax attributes. The carrier said its cumulative U.S. federal net operating loss carryforwards exceed $16.5 billion, which can be used to reduce future U.S. corporate income tax liabilities.

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