BLOOMBERG reports:

American Airlines Group Inc. is in talks to raise new financing to help it weather the collapse in travel demand during the pandemic, according to people with knowledge of the matter.

The company is working with Citigroup Inc. on a potential junk bond offering that may be secured by collateral including airport slots and gates, said the people, who asked not to be identified because the talks are private.

Representatives for American and Citi declined to comment.

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