American Airlines Group, Inc. (NASDAQ:AAL) shares are trading marginally lower on Friday.

In March, Bloomberg noted that the airline is renegotiating its contract for co-branded credit cards to increase its share of a vital revenue stream for U.S. carriers.

A spokesperson for Citigroup informed CNBC that the company is continually collaborating with its partners, including American Airlines, to find opportunities to enhance customer products and promote shared value and growth.

Also Read: Delta, Southwest And Other Airlines In Hot Waters With US Transportation Department For Unfair Rewards Programs

The recent news by CNBC suggests that the company’s discussions are still underway, and the timing for reaching an agreement, subject to regulatory approval, remains uncertain.

However, chances are there that objections from U.S. regulators, including the Department of Transportation, could potentially delay or even derail a contract between American Airlines and Citigroup, leaving the existing partnership with Barclays unchanged, CNBC flagged.

Price Action: AAL shares are trading lower by 1.17% to $10.98 at last check Friday.

Photo via Shutterstock

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