American Airlines To Defer Delivery Of Airbus Aircraft

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American Airlines Group Inc. said on Monday it has amended its purchase agreement with Airbus Group to defer the delivery of 35 Airbus A320. American said in a regulatory filing in March that it had commitments to buy 10 A320neo family aircraft in 2017 and 25 of the same aircraft in 2018. In a filing on Monday, American said it now has commitments to buy 25 A320neo family aircraft in 2019, and a total of 75 A320neo family aircraft in 2020 and thereafter. American Airlines' stock is little changed in premarket trade. It has slumped 24% year to date, while the S&P 500 has gained 1.7%.

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