Why American Airlines Group (AAL) Stock Is Falling

NEW YORK (TheStreet) -- Shares of American Airlines Group Inc. (AAL) are down -4.04% to $42.09 after a federal judge yesterday approved about $400 million in fees and expenses owed to the professionals responsible for guiding American Airlines through its Chapter 11 restructuring, the Wall Street Journal reports.

During a hearing at the U.S. Bankruptcy Court in Manhattan, Judge Sean Lane signed off on a recommendation from a fee examiner that proposed paying $16.3 million in expenses and $371.7 million in fees to 47 professional firms, including lawyers, accountants, consultants and other advisers, the Journal said.

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