Document and Entity Information (USD $) In Billions, except Share data, unless otherwise specified	6 Months Ended
	Jun. 30, 2010	Jul. 14, 2010	Jun. 30, 2009
Document and Entity Information [Abstract]
Entity Registrant Name	AMR CORP
Entity Central Index Key	0000006201
Document Type	10-Q
Document Period End Date	Jun. 30, 2010
Amendment Flag	false
Document Fiscal Year Focus	2010
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 1.1
Entity Common Stock, Shares Outstanding		333,050,087

Consolidated Statements of Operations (Unaudited) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2010	Jun. 30, 2009	Jun. 30, 2010	Jun. 30, 2009
Revenues
Passenger - American Airlines	$ 4,279	$ 3,677	$ 8,110	$ 7,357
- Regional Affiliates	600	513	1,098	970
Cargo	170	134	324	278
Other revenues	625	565	1,210	1,123
Total operating revenues	5,674	4,889	10,742	9,728
Expenses
Wages, salaries and benefits	1,714	1,698	3,417	3,386
Aircraft fuel	1,655	1,334	3,131	2,632
Other rentals and landing fees	352	338	704	662
Maintenance, materials and repairs	340	314	691	619
Depreciation and amortization	267	282	534	554
Commissions, booking fees and credit card expense	248	207	482	424
Aircraft rentals	145	126	274	250
Food service	121	123	236	237
Special charges	0	23	0	36
Other operating expenses	636	670	1,375	1,348
Total operating expenses	5,478	5,115	10,844	10,148
Operating Income (Loss)	196	(226)	(102)	(420)
Other Income (Expense)
Interest income	6	9	11	20
Interest expense	(209)	(167)	(418)	(353)
Interest capitalized	8	10	18	20
Miscellaneous - net	(12)	(16)	(25)	(32)
Other Income (Expense)	(207)	(164)	(414)	(345)
Loss Before Income Taxes	(11)	(390)	(516)	(765)
Income tax	0	0	0	0
Net Loss	$ (11)	$ (390)	$ (516)	$ (765)
Loss Per Share
Basic	$ (0.03)	$ (1.39)	$ (1.55)	$ (2.74)
Diluted	$ (0.03)	$ (1.39)	$ (1.55)	$ (2.74)

Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Millions, unless otherwise specified	Jun. 30, 2010	Dec. 31, 2009
Current Assets
Cash	$ 197	$ 153
Short-term investments	4,887	4,246
Restricted cash and short-term investments	461	460
Receivables, net	910	768
Inventories, net	569	557
Fuel derivative contracts	55	135
Other current assets	265	323
Total current assets	7,344	6,642
Equipment and Property
Flight equipment, net	12,279	12,265
Other equipment and property, net	2,236	2,277
Purchase deposits for flight equipment	481	639
Equipment and Property, net	14,996	15,181
Equipment and Property Under Capital Leases
Flight equipment, net	221	243
Other equipment and property, net	50	52
Equipment and Property Under Capital Leases, net	271	295
International slots and route authorities	735	736
Domestic slots and airport operating and gate lease rights, less accumulated amortization, net	239	252
Other assets	2,300	2,332
Total assets	25,885	25,438
Current Liabilities
Accounts payable	1,305	1,064
Accrued liabilities	2,003	2,039
Air traffic liability	4,179	3,431
Fuel derivative liability	43	80
Current maturities of long-term debt	1,727	1,024
Current obligations under capital leases	102	90
Total current liabilities	9,359	7,728
Long-term debt, less current maturities	9,142	9,984
Obligations under capital leases, less current obligations	526	599
Pension and postretirement benefits	7,598	7,397
Other liabilities, deferred gains and deferred credits	3,190	3,219
Stockholders' Equity (Deficit)
Preferred stock	0	0
Common stock	339	339
Additional paid-in capital	4,424	4,399
Treasury stock	(367)	(367)
Accumulated other comprehensive loss	(2,674)	(2,724)
Accumulated deficit	(5,652)	(5,136)
Total stockholders' equity	(3,930)	(3,489)
Total liabilities and stockholders' equity	$ 25,885	$ 25,438

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2010	Jun. 30, 2009
Condensed Consolidated Statements of Cash Flows [Abstract]
Net Cash Provided by Operating Activities	$ 1,173	$ 938
Cash Flow from Investing Activities:
Capital expenditures	(729)	(602)
Net (increase) decrease in short-term investments	(641)	299
Net (increase) decrease in restricted cash and short-term investments	(1)	(1)
Proceeds from sale of equipment and property	(3)	5
Other	0	47
Net cash used for investing activities	(1,374)	(252)
Cash Flow from Financing Activities:
Payments on long-term debt and capital lease obligations	(467)	(1,157)
Proceeds from:
Issuance of debt and sale leaseback transactions	711	470
Other	1	1
Net cash provided by (used for) financing activities	245	(686)
Net increase in cash	44	0
Cash at beginning of period	153	191
Cash at end of period	$ 197	$ 191

Basis of Presentation

6 Months Ended

Jun. 30, 2010

Basis of Presentation [Abstract]

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with United States (U.S.) generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, these financial statements contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position, results of operations and cash flows for the periods indicated. Results of operations for the periods presented herein are not necessarily indicative of results of operations for the entire year. The condensed consolidated financial statements include the accounts of AMR Corporation (AMR or the Company) and its wholly owned subsidiaries, including (i) its principal subsidiary American Airlines, Inc. (American) and (ii) its regional airline subsidiary, AMR Eagle Holding Corporation and its primary subsidiaries, American Eagle Airlines, Inc. and Executive Airlines, Inc. (collectively, AMR Eagle). The condensed consolidated financial statements also include the accounts of variable interest entities for which the Company is the primary beneficiary. For further information, refer to the consolidated financial statements and footnotes included in AMR’s Annual Report on Form 10-K filed on February 17, 2010 (2009 Form 10-K).

- Definition

Description containing the entire organization, consolidation and basis of presentation of financial statements disclosure. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements.

+ References+ Details

Commitment and Contingencies

6 Months Ended

Jun. 30, 2010

Commitments and Contingencies [Abstract]

Commitments and Contingencies

As of June 30, 2010, American had 24 Boeing 737-800 aircraft purchase commitments for the remainder of 2010 and eight Boeing 737-800 aircraft purchase commitments in 2011. In addition to these aircraft purchase commitments, American had firm commitments for eleven Boeing 737-800 aircraft and seven Boeing 777 aircraft scheduled to be delivered in 2013 through 2016. In addition, American previously announced plans (subject to certain reconfirmation rights) to acquire 42 Boeing 787-9 aircraft, with the right to acquire an additional 58 Boeing 787-9 aircraft. American has selected GE Aviation as the exclusive provider of engines for its expected order of Boeing 787-9 aircraft. As of June 30, 2010, AMR Eagle had firm commitments for 21 Bombardier CRJ-700 aircraft scheduled to be delivered in the remainder of 2010 and in 2011.

As of June 30, 2010, payments for the above purchase commitments will approximate $954 million in the remainder of 2010, $524 million in 2011, $217 million in 2012, $463 million in 2013, $224 million in 2014, and $246 million for 2015 and beyond. These amounts are net of purchase deposits currently held by the manufacturers.

The Company’s future long-term debt and operating lease payments have changed as its ordered aircraft are delivered and such deliveries have been financed. As of June 30, 2010, maturities of long-term debt (including sinking fund requirements) for the next five years are: remainder of 2010 – $635 million, 2011 – $2.4 billion, 2012 – $1.7 billion, 2013 – $975 million, and 2014 – $1.4 billion. Future minimum lease payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of a year as of June 30, 2010, were (in millions): remainder of 2010 – $497 million, 2011 – $1.1 billion, 2012 – $903 million, 2013 – $809 million, 2014 – $669 million, and 2015 and beyond – $5.5 billion.

The Company is in active labor contract negotiations with each of its organized labor groups. The Company has negotiated tentative agreements with several workgroups within the Transport Workers Union of America, AFL-CIO (TWU) including the Maintenance Control Technician group, the Material Logistics Specialists group and the Mechanic and Related group. Agreements with these TWU groups are subject to ratification by the relevant membership of TWU, and there are no assurances that these tentative agreements will be ratified. These tentative agreements include lump sum payments and contractual salary increases. If these contracts are ratified by union membership during the third quarter of 2010, the Company will incur approximately $60 million for lump sum payments and contractual salary increases in that period. The Company anticipates implementing productivity improvements consistent with the agreements that will help to offset the ongoing cost of salary increases.

On December 18, 2007, the European Commission issued a Statement of Objection (SO) against 26 airlines, including the Company. The SO alleges that these carriers participated in a conspiracy to set surcharges on cargo shipments in violation of European Union (EU) law. The SO states that, in the event that the allegations in the SO are affirmed, the Commission will impose fines against the Company. The Company intends to vigorously contest the allegations and findings in the SO under EU laws, and it intends to cooperate fully with all other pending investigations. Based on the information to date, the Company has not recorded any reserve for this exposure as of June 30, 2010. In the event that the SO is affirmed or other investigations indicate violations of the U.S. antitrust laws or the competition laws of some other jurisdiction, or if the Company were named and found liable in any litigation based on these allegations, such findings and related legal proceedings could have a material adverse impact on the Company.

Valuation Allowance

6 Months Ended

Jun. 30, 2010

Valuation Allowance [Abstract]

Valuation Allowance

As discussed in Note 8 to the consolidated financial statements in the 2009 Form 10-K, the Company has a valuation allowance against the full amount of its net deferred tax asset. The Company currently provides a valuation allowance against deferred tax assets when it is more likely than not that some portion, or all of its deferred tax assets, will not be realized. The Company’s deferred tax asset valuation allowance increased approximately $150 million during the six months ended June 30, 2010 to $3.0 billion as of June 30, 2010, including the impact of comprehensive income for the six months ended June 30, 2010 and changes from other adjustments.

Under current accounting rules, the Company is required to consider all items (including items recorded in other comprehensive income) in determining the amount of tax benefit that results from a loss from continuing operations and that should be allocated to continuing operations. As a result, the Company recorded a tax benefit on the loss from continuing operations in 2009, which was exactly offset by income tax expense on other comprehensive income. The Company generally does not record any such tax benefit allocation in interim reporting periods as the Company concluded the potential benefit is not considered realizable because the change in the pension liability, a material component of other comprehensive income, is determined annually. Thus, any such interim tax benefit allocation may subsequently be subject to reversal.

Guarantee Obligations

6 Months Ended

Jun. 30, 2010

Guarantee Obligations [Abstract]

Guarantee Obligations

As of June 30, 2010, AMR had issued guarantees covering approximately $1.6 billion of American’s tax-exempt bond debt (and interest thereon) and $459 million of American’s secured debt (and interest thereon). American had issued guarantees covering approximately $887 million of AMR’s unsecured debt (and interest thereon). In addition, as of June 30, 2010, AMR and American had issued guarantees covering approximately $239 million of AMR Eagle’s secured debt (and interest thereon) and AMR has issued additional guarantees covering $1.9 billion of AMR Eagle’s secured debt (and interest thereon). AMR also guarantees $166 million of American’s leases of certain Super ATR aircraft, which are subleased to AMR Eagle.

Fair Value Disclosures

6 Months Ended

Jun. 30, 2010

Fair Value Disclosures [Abstract]

Fair Value Disclosures

The Company utilizes the market approach to measure fair value for its financial assets and liabilities. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The Company’s short-term investments classified as Level 2 primarily utilize broker quotes in a non-active market for valuation of these securities. The Company’s fuel derivative contracts, which consist of commodity options and collars, are valued using energy and commodity market data which is derived by combining raw inputs with quantitative models and processes to generate forward curves and volatilities. No changes in valuation techniques or inputs occurred during the six months ended June 30, 2010.

Financial assets and liabilities measured at fair value on a recurring basis are summarized below:


(in millions)	Fair Value Measurements as of June 30, 2010
Description	Total			Level 1		Level 2			Level 3
Short term investments ^{1, 2}
Money market funds	$	67		$	67	$	—		$	—
Government agency investments		482			—		482			—
Repurchase investments		1,164			—		1,164			—
Short term obligations		3,174			—		3,174			—

		4,887			67		4,820			—

Restricted cash and short-term investments ¹		461			461					—
Fuel derivative contracts¹		55			—		55			—
Fuel derivative liability ¹		(43	)		—		(43	)		—


Total	$	5,360		$	528	$	4,832		$	—


	¹	Unrealized gains or losses on short-term investments, restricted cash and short-term investments and derivatives qualifying for hedge accounting are recorded in Accumulated other comprehensive income (loss) (OCI) at each measurement date.

	²	The majority of the Company’s short-term investments mature in one year or less except for $877 million of Short term obligations and $232 million of U.S. government agency notes which have maturity dates exceeding one year.

No significant transfers between Level 1 and Level 2 occurred during the six months ended June 30, 2010. The Company’s policy regarding the recording of transfers between levels is to record any such transfers at the end of the reporting period.

In January 2010, the Venezuelan Government devalued its currency from 2.15 bolivars per U.S. dollar to 4.30 bolivars per U.S. dollar and the Venezuelan economy was designated as highly inflationary. As a result, the Company recognized a loss of $53 million related to the currency remeasurement in January 2010. The Company does not expect any significant ongoing impact of the currency devaluation on its system-wide operations.

The fair values of the Company’s long-term debt were estimated using quoted market prices where available. For long-term debt not actively traded, fair values were estimated using discounted cash flow analyses, based on the Company’s current estimated incremental borrowing rates for similar types of borrowing arrangements.

The carrying value and estimated fair values of the Company’s long-term debt, including current maturities, were (in millions):


	June 30, 2010				December 31, 2009
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Secured variable and fixed rate indebtedness	$	5,241	$	4,353	$	5,553	$	4,310
Enhanced equipment trust certificates		2,193		2,241		2,022		1,999
6.0% - 8.5% special facility revenue bonds		1,660		1,677		1,658		1,600
AAdvantage Miles advance purchase		890		888		890		893
4.50% - 6.25% senior convertible notes		460		438		460		476
9.0% - 10.20% debentures		214		179		214		158
7.88% - 10.55% notes		211		179		211		181


	$	10,869	$	9,955	$	11,008	$	9,617

- Definition

This element represents the disclosure related to the fair value measurement of assets and liabilities which includes [financial] instruments measured at fair value that are classified in stockholders' equity. Such assets and liabilities may be measured on a recurring or nonrecurring basis. The disclosures which may be required or desired include: (1) for assets and liabilities measured on a recurring basis, disclosure may include: (a) the fair value measurements at the reporting date; (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); (c) for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (ii) purchases, sales, issuances, and settlements (net); (iii) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs); (d) the amount of the total gains or losses for the period in subparagraph (c) (i) above included in earnings (or changes in net assets) that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of income (or activities); (e) the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period and (2) for assets and liabilities that are measured at fair value on a nonrecurring basis (for example, impaired assets) disclosure may include, in addition to (a) above: (a) the reasons for the fair value measurements recorded; (b) the same as (b) above; (c) for fair value measurements using significant unobservable inputs (Level 3), a description of the inputs and the information used to develop the inputs; and (d) the valuation technique(s) used to measure fair value and a discussion of changes, if any, in the valuation technique(s) used to measure similar assets and/or liabilities in prior periods.

+ References+ Details

Pension and Other Postretirement Benefits

6 Months Ended

Jun. 30, 2010

Pension and Other Postretirement Benefits [Abstract]

Pension and Other Postretirement Benefits

The following tables provide the components of net periodic benefit cost for the three and six months ended June 30, 2010 and 2009 (in millions):


	Pension Benefits
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2010			2009			2010			2009
Components of net periodic benefit cost

Service cost	$	91		$	83		$	184		$	167
Interest cost		184			178			369			356
Expected return on assets		(148	)		(141	)		(297	)		(284	)
Amortization of:
Prior service cost		3			3			7			7
Unrecognized net loss		39			36			76			73


Net periodic benefit cost	$	169		$	159		$	339		$	319


	Retiree Medical and Other Benefits
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2010			2009			2010			2009
Components of net periodic benefit cost

Service cost	$	15		$	15		$	30		$	29
Interest cost		41			45			83			89
Expected return on assets		(5	)		(4	)		(9	)		(7	)
Amortization of:
Prior service cost		(5	)		(2	)		(10	)		(4	)
Unrecognized net (gain) loss		(3	)		(4	)		(5	)		(7	)


Net periodic benefit cost	$	43		$	50		$	89		$	100

The Company is required to make minimum contributions to its defined benefit pension plans under the minimum funding requirements of the Employee Retirement Income Security Act (ERISA), the Pension Funding Equity Act of 2004 and the Pension Protection Act of 2006. On June 25, 2010, President Obama signed the Preservation of Access to Care for Medical Beneficiaries and Pension Relief Act of 2010 (the Relief Act), H.R. 3962, into law. The Relief Act provides for temporary, targeted funding relief (subject to certain terms and conditions) for single employer and multiemployer pension plans that suffered significant losses in asset value due to the steep market slide in 2008. Under the Relief Act, the Company’s 2010 required minimum contributions to its defined benefit pension plans have been reduced from $525 million to approximately $460 million. On July 15, 2010, the Company contributed an additional $72 million to its defined benefit pension plans, for a total of $144 million in 2010 as of the date of this filing.

- Definition

Description containing the entire pension and other postretirement benefits disclosure as a single block of text.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 158

-Paragraph 7, 21, 22

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5, 6, 7, 8

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 8

-Subparagraph m

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 106

-Paragraph 518

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 87

-Paragraph 264

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph b

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph a

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph h

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph q

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Staff Position (FSP)

-Number FAS106-2

-Paragraph 20, 21, 22

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 03-2

-Paragraph 8

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 30

-Paragraph 26

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Implementation Guide (Q and A)

-Number FAS88

-Paragraph 63

+ Details

Reorganization Charges

6 Months Ended

Jun. 30, 2010

Reorganization Charges [Abstract]

Reorganization Charges

As a result of the revenue environment, high fuel prices and the Company’s restructuring activities, including its capacity reductions, the Company has recorded a number of charges during the last few years. In 2008 and 2009, the Company announced capacity reductions due to unprecedented high fuel costs at that time and the other challenges facing the industry. In connection with these capacity reductions, the Company incurred special charges related to aircraft and certain other charges.

The following table summarizes the components of the Company’s special charges, the remaining accruals for these charges and the capacity reduction related charges (in millions) as of June 30, 2010:


	Aircraft			Facility
	Charges			Exit Costs			Total
Remaining accrual at December 31, 2009	$	155		$	20		$	175
Capacity reduction charges		—			—			—
Non-cash charges		—			—			—
Adjustments		(2	)		1			(1	)
Payments		(52	)		(1	)		(53	)

Remaining accrual at June 30, 2010	$	101		$	20		$	121

Cash outlays related to the accruals for aircraft charges and facility exit costs will occur through 2017 and 2018, respectively.

Derivative and Financial Instruments

6 Months Ended

Jun. 30, 2010

Derivative and Financial Instruments [Abstract]

Derivative and Financial Instruments

As part of the Company’s risk management program, it uses a variety of financial instruments, primarily heating oil option and collar contracts, as cash flow hedges to mitigate commodity price risk. The Company does not hold or issue derivative financial instruments for trading purposes. As of June 30, 2010, the Company had fuel derivative contracts outstanding covering 32 million barrels of jet fuel that will be settled over the next 24 months. A deterioration of the Company’s liquidity position may negatively affect the Company’s ability to hedge fuel in the future.

For the three and six months ended June 30, 2010, the Company recognized an increase of approximately $64 million and $114 million, respectively, in fuel expense on the accompanying consolidated statements of operations related to its fuel hedging agreements, including the ineffective portion of the hedges. For the three and six months ended June 30, 2009, the Company recognized an increase of approximately $197 million and $465 million, respectively, in fuel expense related to its fuel hedging agreements including the ineffective portion of the hedges. The net fair value of the Company’s fuel hedging agreements at June 30, 2010 and December 31, 2009, representing the amount the Company would receive upon termination of the agreements (net of settled contract assets), totaled $22 million and $57 million, respectively, which excludes a payable related to contracts that settled in the last month of each respective reporting period.

		The impact of cash flow hedges on the Company’s consolidated financial statements is depicted below (in millions):

		Fair Value of Aircraft Fuel Derivative Instruments (all cash flow hedges)

Asset Derivatives as of

Liability Derivatives as of

June 30, 2010

December 31, 2009

June 30, 2010

December 31, 2009

Balance

Sheet

Fair

Sheet

Fair

Sheet

Fair

Sheet

Fair

Location

Value

Location

Value

Location

Value

Location

Value

Fuel derivative contracts

$55

Fuel derivative contracts

$126

Fuel derivative liability

$43

Accrued liabilities

$71

Effect of Aircraft Fuel Derivative Instruments on Statements of Operations (all cash flow hedges)

Location of Gain

Amount of Gain (Loss)

Location of

Amount of Gain

Amount of Gain (Loss)

(Loss)

Reclassified from

Gain (Loss)

(Loss) Recognized in

Recognized in OCI on

Reclassified from

Accumulated OCI into

Recognized in

Income on Derivative ²

Derivative¹ as of June 30,

Accumulated OCI

Income ¹ for the six months ended June 30,

Income on

for the six months ended June 30,

2010

2009

into Income ¹

2010

2009

Derivative ²

2010

2009

$(123)

$127

Aircraft Fuel

$(103)

$(471)

Aircraft Fuel

$(11)


Amount of Gain (Loss)		Location of	Amount of Gain
Reclassified from		Gain (Loss)	(Loss) in Recognized
Accumulated OCI into		Recognized in	Income on Derivative
Income ¹ for the three months ended June 30,		Income on	² for the three months ended June 30,
2010	2009	Derivative ²	2010	2009

$(52)	$(200)	Aircraft Fuel	$(12)	$3


	¹		Effective portion of gain (loss)

	²		Ineffective portion of gain (loss)

The Company is also exposed to credit losses in the event of non-performance by counterparties to these financial instruments, and although no assurances can be given, the Company does not expect any counterparty to fail to meet its obligations. The credit exposure related to these financial instruments is represented by the fair value of contracts with a positive fair value at the reporting date, reduced by the effects of master netting agreements. To manage credit risks, the Company selects counterparties based on credit ratings, limits its exposure to a single counterparty under defined guidelines, and monitors the market position of the program and its relative market position with each counterparty. The Company also maintains industry-standard security agreements with a number of its counterparties which may require the Company or the counterparty to post collateral if the value of selected instruments exceeds specified mark-to-market thresholds or upon certain changes in credit ratings.

The Company includes changes in the fair value of certain derivative financial instruments that qualify for hedge accounting and unrealized gains and losses on available-for-sale securities in comprehensive income. For the three month periods ended June 30, 2010 and 2009, comprehensive gain (loss) was ($50) million and $99 million, respectively, and for the six month periods ended June 30, 2010 and 2009, comprehensive loss was $(466) million and $(87) million, respectively. The difference between net earnings (loss) and comprehensive income (loss) for the three and six month periods ended June 30, 2010 and 2009 is due primarily to the accounting for the Company’s derivative financial instruments and the actuarial loss on the pension benefit obligation of the Company’s pension plans.

Earnings Per Share

6 Months Ended

Jun. 30, 2010

Earnings Per Share [Abstract]

Earnings Per Share

10.

The following table sets forth the computations of basic and diluted earnings (loss) per share (in millions, except per share data):


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2010			2009			2010			2009
Numerator:
Net earnings (loss) — numerator for basic earnings (loss) per share	$	(11	)	$	(390	)	$	(516	)	$	(765	)

Denominator:
Denominator for basic earnings (loss) per share – weighted-average shares		333			280			333			279
Effect of dilutive securities:
Senior convertible notes		—			—			—			—
Employee options and shares		—			—			—			—
Assumed treasury shares purchased		—			—			—			—

Dilutive potential common shares		—			—			—			—

Denominator for diluted earnings (loss) per share — adjusted weighted-average shares		333			280			333			279


Basic earnings (loss) per share	$	(0.03	)	$	(1.39	)	$	(1.55	)	$	(2.74	)


Diluted earnings (loss) per share	$	(0.03	)	$	(1.39	)	$	(1.55	)	$	(2.74	)


The following were excluded from the calculation:

Convertible notes, employee stock options and deferred stock because inclusion would be anti-dilutive		58			—			58			5
Employee stock options because the options’ exercise prices were greater than the average market price of shares		13			27			11			21