Document and Entity Information
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6 Months Ended | |
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Jun. 30, 2015
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Jul. 17, 2015
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Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2015 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | AAL | |
Entity Registrant Name | American Airlines Group Inc. | |
Entity Central Index Key | 0000006201 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 671,820,576 | |
American Airlines, Inc. [Member]
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Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2015 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q2 | |
Entity Registrant Name | AMERICAN AIRLINES INC | |
Entity Central Index Key | 0000004515 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Common Stock, Shares Outstanding | 1,000 |
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The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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Condensed Consolidated Statements of Operations (USD $)
In Millions, except Share data in Thousands, unless otherwise specified |
0 Months Ended | 1 Months Ended | 3 Months Ended | 6 Months Ended | ||
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Jan. 27, 2015
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Apr. 30, 2015
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Jun. 30, 2015
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Jun. 30, 2014
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Jun. 30, 2015
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Jun. 30, 2014
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Operating revenues: | ||||||
Mainline passenger | $ 7,655 | $ 8,213 | $ 14,644 | $ 15,471 | ||
Regional passenger | 1,759 | 1,707 | 3,211 | 3,114 | ||
Cargo | 194 | 221 | 388 | 428 | ||
Other | 1,219 | 1,214 | 2,411 | 2,338 | ||
Total operating revenues | 10,827 | 11,355 | 20,654 | 21,351 | ||
Operating expenses: | ||||||
Aircraft fuel and related taxes | 1,774 | 2,830 | 3,318 | 5,541 | ||
Salaries, wages and benefits | 2,364 | 2,163 | 4,737 | 4,282 | ||
Regional expenses | 1,557 | 1,657 | 3,019 | 3,251 | ||
Maintenance, materials and repairs | 502 | 514 | 995 | 999 | ||
Other rent and landing fees | 451 | 441 | 859 | 866 | ||
Aircraft rent | 316 | 312 | 633 | 631 | ||
Selling expenses | 350 | 402 | 686 | 804 | ||
Depreciation and amortization | 340 | 319 | 676 | 626 | ||
Special items, net | 144 | 251 | 447 | 114 | ||
Other | 1,108 | 1,067 | 2,147 | 2,108 | ||
Total operating expenses | 8,906 | 9,956 | 17,517 | 19,222 | ||
Operating income | 1,921 | 1,399 | 3,137 | 2,129 | ||
Nonoperating income (expense): | ||||||
Interest income | 10 | 8 | 19 | 15 | ||
Interest expense, net of capitalized interest | (223) | (214) | (432) | (457) | ||
Other, net | 11 | 11 | (62) | 9 | ||
Total nonoperating expense, net | (202) | (195) | (475) | (433) | ||
Income before income taxes | 1,719 | 1,204 | 2,662 | 1,696 | ||
Income tax provision | 15 | 340 | 26 | 353 | ||
Net income | 1,704 | 864 | 2,636 | 1,343 | ||
Earnings per share: | ||||||
Basic | $ 2.47 | $ 1.20 | $ 3.81 | $ 1.86 | ||
Diluted | $ 2.41 | $ 1.17 | $ 3.70 | $ 1.82 | ||
Weighted average shares outstanding (in thousands): | ||||||
Basic | 688,727 | 720,600 | 692,571 | 722,286 | ||
Diluted | 707,611 | 734,767 | 712,270 | 738,051 | ||
Cash dividends declared per common share | $ 0.10 | $ 0.10 | $ 0.10 | $ 0.20 | ||
American Airlines, Inc. [Member]
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Operating revenues: | ||||||
Mainline passenger | 4,947 | 5,352 | 9,638 | 10,258 | ||
Regional passenger | 843 | 786 | 1,542 | 1,455 | ||
Cargo | 161 | 178 | 322 | 346 | ||
Other | 868 | 837 | 1,686 | 1,563 | ||
Total operating revenues | 6,819 | 7,153 | 13,188 | 13,622 | ||
Operating expenses: | ||||||
Aircraft fuel and related taxes | 1,197 | 1,897 | 2,267 | 3,768 | ||
Salaries, wages and benefits | 1,536 | 1,441 | 3,121 | 2,839 | ||
Regional expenses | 788 | 804 | 1,516 | 1,562 | ||
Maintenance, materials and repairs | 302 | 346 | 606 | 678 | ||
Other rent and landing fees | 269 | 289 | 539 | 574 | ||
Aircraft rent | 226 | 214 | 451 | 430 | ||
Selling expenses | 198 | 282 | 433 | 566 | ||
Depreciation and amortization | 247 | 220 | 483 | 434 | ||
Special items, net | 74 | 179 | 272 | (37) | ||
Other | 776 | 763 | 1,534 | 1,512 | ||
Total operating expenses | 5,613 | 6,435 | 11,222 | 12,326 | ||
Operating income | 1,206 | 718 | 1,966 | 1,296 | ||
Nonoperating income (expense): | ||||||
Interest income | 10 | 6 | 16 | 13 | ||
Interest expense, net of capitalized interest | (137) | (139) | (263) | (307) | ||
Other, net | (16) | 16 | (80) | 11 | ||
Total nonoperating expense, net | (143) | (117) | (327) | (283) | ||
Income before income taxes | 1,063 | 601 | 1,639 | 1,013 | ||
Income tax provision | 11 | 336 | 19 | 347 | ||
Net income | $ 1,052 | $ 265 | $ 1,620 | $ 666 |
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Condensed Consolidated Balance Sheets (Parenthetical) (USD $)
In Millions, except Share data, unless otherwise specified |
Jun. 30, 2015
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Dec. 31, 2014
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Accumulated amortization of intangibles | $ 478 | $ 447 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 1,750,000,000 | 1,750,000,000 |
Common stock, shares issued | 678,288,983 | 697,474,535 |
Common stock, shares outstanding | 678,288,983 | 697,474,535 |
American Airlines, Inc. [Member]
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Accumulated amortization of intangibles | $ 382 | $ 376 |
Common stock, par value | $ 1.00 | $ 1.00 |
Common stock, shares authorized | 1,000 | 1,000 |
Common stock, shares issued | 1,000 | 1,000 |
Common stock, shares outstanding | 1,000 | 1,000 |
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Basis of Presentation
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6 Months Ended |
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Jun. 30, 2015
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Basis of Presentation | 1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of American Airlines Group Inc. (AAG or the Company) should be read in conjunction with the consolidated financial statements contained in AAG’s Annual Report on Form 10-K for the year ended December 31, 2014. The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Principal subsidiaries include American Airlines, Inc. (American) and US Airways Group, Inc. (US Airways Group). All significant intercompany transactions have been eliminated. On December 9, 2013 (the Effective Date), AMR Merger Sub, Inc. (Merger Sub) merged with and into US Airways Group (the Merger), with US Airways Group surviving as a wholly-owned subsidiary of AAG, a Delaware corporation (formerly known as AMR Corporation) following the Merger. “AMR” or “AMR Corporation” refers to the Company during the period of time prior to its emergence from Chapter 11 and the Effective Date of the Merger. Management believes that all adjustments necessary for the fair presentation of results, consisting of normally recurring items, have been included in the unaudited condensed consolidated financial statements for the interim periods presented. The preparation of financial statements in accordance with accounting principles generally accepted in the United States (GAAP) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The most significant areas of judgment relate to passenger revenue recognition, impairment of goodwill, impairment of long-lived and intangible assets, the frequent flyer program, pensions, retiree medical and other benefits and the deferred tax asset valuation allowance. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 completes the joint effort by the FASB and International Accounting Standards Board (IASB) to improve financial reporting by creating common revenue recognition guidance for GAAP and International Financial Reporting Standards (IFRS). ASU 2014-09 applies to all companies that enter into contracts with customers to transfer goods or services. ASU 2014-09 is effective for public entities for interim and annual reporting periods beginning after December 15, 2016. On July 9, 2015, the FASB deferred the effective date of this new standard to December 15, 2017 for public entities. Early application is permitted, but not before interim and annual reporting periods beginning after December 15, 2016. Entities have the choice to apply ASU 2014-09 either retrospectively to each reporting period presented or by recognizing the cumulative effect of applying ASU 2014-09 at the date of initial application and not adjusting comparative information. The Company is currently evaluating the requirements of ASU 2014-09 and has not yet determined its impact on the Company’s condensed consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” The update requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. Debt disclosures will include the face amount of the debt liability and the effective interest rate. The update requires retrospective application and represents a change in accounting principle. The update is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. ASU 2015-03 is not expected to have a material impact on the Company’s condensed consolidated financial statements. |
American Airlines, Inc. [Member]
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Basis of Presentation | 1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of American Airlines, Inc. (American) should be read in conjunction with the consolidated financial statements contained in American’s Annual Report on Form 10-K for the year ended December 31, 2014. American is a wholly-owned subsidiary of American Airlines Group Inc. (AAG). All significant intercompany transactions have been eliminated. Management believes that all adjustments necessary for the fair presentation of results, consisting of normally recurring items, have been included in the unaudited condensed consolidated financial statements for the interim periods presented. The preparation of financial statements in accordance with accounting principles generally accepted in the United States (GAAP) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The most significant areas of judgment relate to passenger revenue recognition, impairment of long-lived and intangible assets, the frequent flyer program, pensions, retiree medical and other benefits and the deferred tax asset valuation allowance. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 completes the joint effort by the FASB and International Accounting Standards Board (IASB) to improve financial reporting by creating common revenue recognition guidance for GAAP and International Financial Reporting Standards (IFRS). ASU 2014-09 applies to all companies that enter into contracts with customers to transfer goods or services. ASU 2014-09 is effective for public entities for interim and annual reporting periods beginning after December 15, 2016. On July 9, 2015, the FASB deferred the effective date of this new standard to December 15, 2017 for public entities. Early application is permitted, but not before interim and annual reporting periods beginning after December 15, 2016. Entities have the choice to apply ASU 2014-09 either retrospectively to each reporting period presented or by recognizing the cumulative effect of applying ASU 2014-09 at the date of initial application and not adjusting comparative information. American is currently evaluating the requirements of ASU 2014-09 and has not yet determined its impact on American’s condensed consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” The update requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. Debt disclosures will include the face amount of the debt liability and the effective interest rate. The update requires retrospective application and represents a change in accounting principle. The update is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. ASU 2015-03 is not expected to have a material impact on American’s condensed consolidated financial statements. |
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Emergence from Chapter 11 and Merger with US Airways Group
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6 Months Ended |
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Jun. 30, 2015
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Emergence from Chapter 11 and Merger with US Airways Group | 2. Emergence from Chapter 11 and Merger with US Airways Group Chapter 11 Reorganization On November 29, 2011 (the Petition Date), AMR Corporation (AMR, renamed American Airlines Group Inc., upon the closing of the Merger), its principal subsidiary, American, and certain of AMR’s other direct and indirect domestic subsidiaries (collectively, the Debtors), filed voluntary petitions for relief (the Chapter 11 Cases) under Chapter 11 of the United States Bankruptcy Code (the Bankruptcy Code) in the United States Bankruptcy Court for the Southern District of New York (the Bankruptcy Court). On October 21, 2013, the Bankruptcy Court entered an order (the Confirmation Order) approving and confirming the Debtors’ fourth amended joint plan of reorganization (as amended, the Plan). On the Effective Date, the Debtors consummated their reorganization pursuant to the Plan, principally through the transactions contemplated by an Agreement and Plan of Merger (as amended, the Merger Agreement), dated as of February 13, 2013, by and among AMR, Merger Sub and US Airways Group, pursuant to which Merger Sub merged with and into US Airways Group, with US Airways Group surviving as a wholly-owned subsidiary of the Company following the Merger. From the Petition Date through the Effective Date, pursuant to automatic stay provisions under the Bankruptcy Code and orders granted by the Bankruptcy Court, all actions to enforce or otherwise effect repayment of liabilities preceding the Petition Date as well as all pending litigation against the Debtors generally were stayed. Following the Effective Date, actions to enforce or otherwise effect repayment of liabilities preceding the Petition Date generally have been permanently enjoined. Any unresolved claims will continue to be subject to the claims reconciliation process under the supervision of the U.S. Bankruptcy Court. However, certain pending litigation related to pre-petition liabilities may proceed in courts other than the U.S. Bankruptcy Court to the extent the parties to such litigation have obtained relief from the permanent injunction. In connection with the Chapter 11 Cases, trading in AMR’s common stock and certain debt securities on the New York Stock Exchange (NYSE) was suspended on January 5, 2012, and AMR’s common stock and such debt securities were delisted by the SEC from the NYSE on January 30, 2012. On January 5, 2012, AMR’s common stock began trading under the symbol “AAMRQ” (CUSIP 001765106) on the OTCQB marketplace, operated by OTC Markets Group. Pursuant to the Plan, on the Effective Date (i) all existing shares of AAG’s old common stock formerly traded under the symbol “AAMRQ” were canceled and (ii) the Company was authorized to issue up to approximately 544 million shares of common stock, par value $0.01 per share, of AAG (AAG Common Stock) by operation of the Plan (excluding shares of AAG Common Stock issuable pursuant to the Merger Agreement). On the Effective Date, the AAG Common Stock was listed on the NASDAQ Global Select Market under the symbol “AAL,” and AAMRQ ceased trading on the OTCQB marketplace. Upon emergence from Chapter 11, AAG issued approximately 53 million shares of AAG Common Stock to AMR’s old equity holders and certain of the Debtors’ employees, and issued 168 million shares of AAG Series A Convertible Preferred Stock, par value $0.01 per share (the AAG Series A Preferred Stock), which was mandatorily convertible into new AAG Common Stock during the 120-day period after the Effective Date, to certain creditors and employees of the Debtors (including shares deposited in the Disputed Claims Reserve (as defined in the Plan)). In accordance with the terms of the Plan, former holders of AMR common stock (previously traded under the symbol “AAMRQ”) received, for each share of AMR common stock, an initial distribution of approximately 0.0665 shares of the AAG Common Stock as of the Effective Date. Following the Effective Date, former holders of AMR common stock and those deemed to be treated as such in connection with the elections made pursuant to the Plan have received through December 31, 2014, additional aggregate distributions of shares of AAG Common Stock of approximately 0.6776 shares of AAG Common Stock for each share of AMR common stock previously held, and may continue to receive additional distributions. As of the Effective Date, the adjusted total Double-Dip General Unsecured Claims (as defined in the Plan) were approximately $2.5 billion and the Allowed Single-Dip General Unsecured Claims (as defined in the Plan) were approximately $2.5 billion. The Disputed Claims Reserve established under the Plan initially was issued 30.4 million shares, which shares are reserved for distributions to holders of disputed Single-Dip Unsecured Claims (Single-Dip Equity Obligations) whose claims ultimately become allowed as well as to certain AMR labor groups and employees who received a deemed claim amount based upon a fixed percentage of the distributions to be made to general unsecured claimholders. As of December 31, 2014, the Disputed Claims Reserve held 26.8 million shares of AAG Common Stock pending distribution of those shares in accordance with the Plan. On February 10, 2015, approximately 0.8 million shares of AAG Common Stock held in the Disputed Claims Reserve were distributed to holders of allowed Single-Dip Unsecured Claims, to holders of certain labor-related deemed claims, and to holders of certain non-management, non-union employee deemed claims as specified in the Plan, and the Company repurchased less than 0.1 million shares of AAG Common Stock for an aggregate of $4 million from the Disputed Claims Reserve at the then-prevailing market price in order to fund cash tax obligations resulting from this distribution. As of June 30, 2015, there were approximately 26.0 million shares of AAG Common Stock remaining in the Disputed Claims Reserve. On July 14, 2015, approximately 0.6 million shares of AAG Common Stock held in the Disputed Claims Reserve were distributed to holders of allowed Single-Dip Unsecured Claims, to holders of certain labor-related deemed claims, and to holders of certain non-management, non-union employee deemed claims as specified in the Plan, and the Company repurchased 0.1 million shares of AAG Common Stock for an aggregate of $2 million from the Disputed Claims Reserve at the then-prevailing market price in order to fund cash tax obligations resulting from this distribution. As disputed claims are resolved, the claimants will receive distributions of shares from the Disputed Claims Reserve on the same basis as if such distributions had been made on or about the Effective Date. To the extent that any of the reserved shares remain undistributed upon resolution of all remaining disputed claims, such shares will not be returned to the Company but rather will be distributed to former AMR shareholders as of the Effective Date. The Company is not required to distribute additional shares above the limits contemplated by the Plan. Several parties have filed appeals seeking reconsideration of the Confirmation Order. See Note 13 for more information. The reconciliation process with respect to the remaining claims is expected to take considerable time. The Company’s estimate of the amounts of disputed claims that will ultimately become allowed Single-Dip Unsecured Claims are included in bankruptcy settlement obligations on the Company’s condensed consolidated balance sheet as of June 30, 2015. As these claims are resolved, or where better information becomes available and is evaluated, the Company will make adjustments to the liabilities recorded on its condensed consolidated financial statements as appropriate. Any such adjustments could be material to the Company’s financial position or results of operations in any given period. Merger Pursuant to the Merger Agreement and consistent with the Plan, each share of common stock, par value $0.01 per share, of US Airways Group (the US Airways Group Common Stock) was converted into the right to receive one share of AAG Common Stock. The aggregate number of shares of AAG Common Stock issuable in the Merger to holders of US Airways Group equity instruments (including stockholders, holders of convertible notes, optionees, and holders of restricted stock units (RSUs)) represented 28% of the diluted equity ownership of AAG. The remaining 72% diluted equity ownership in AAG (up to approximately 544 million shares) was or is distributable, pursuant to the Plan, to stakeholders, labor unions, certain employees of AMR and the other Debtors, and former holders of AMR common stock (previously traded under the symbol “AAMRQ”) such that the aggregate number of shares of AAG Common Stock issuable under the Plan will not exceed 72% of the diluted equity ownership of AAG as of the time of the Merger. Availability and Utilization of Net Operating Losses Upon emergence from bankruptcy, the Debtors experienced an “ownership change” as defined in Section 382 of the Internal Revenue Code of 1986, as amended (Section 382), which could potentially limit the ability to utilize certain tax attributes including the Debtors’ substantial net operating losses (NOLs). The general limitation rules for a debtor in a bankruptcy case are liberalized where the ownership change occurs upon emergence from bankruptcy. The Debtors elected to be covered by certain special rules for federal income tax purposes that permit approximately $9.0 billion of the federal NOL Carryforwards to be utilized without regard to the annual limitation generally imposed by Section 382. Moreover, an ownership change subsequent to the Debtors’ emergence from bankruptcy may further limit or effectively eliminate the ability to utilize the Debtors’ NOL Carryforwards and other tax attributes. To reduce the risk of a potential adverse effect on the Debtors’ ability to utilize the NOL Carryforwards, AAG’s Certificate of Incorporation contains transfer restrictions applicable to certain substantial shareholders. Although the purpose of these transfer restrictions is to prevent an ownership change from occurring, there can be no assurance that an ownership change will not occur even with these transfer restrictions. A copy of AAG’s Certificate of Incorporation was attached as Exhibit 3.1 to a Current Report on Form 8-K filed by the Company with the SEC on December 9, 2013. |
American Airlines, Inc. [Member]
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Emergence from Chapter 11 and Merger with US Airways Group | 2. Emergence from Chapter 11 Chapter 11 Reorganization On November 29, 2011 (the Petition Date), AMR Corporation (AMR, renamed American Airlines Group Inc., upon the closing of the Merger), its principal subsidiary, American, and certain of AMR’s other direct and indirect domestic subsidiaries (collectively, the Debtors), filed voluntary petitions for relief (the Chapter 11 Cases) under Chapter 11 of the United States Bankruptcy Code (the Bankruptcy Code) in the United States Bankruptcy Court for the Southern District of New York (the Bankruptcy Court). On October 21, 2013, the Bankruptcy Court entered an order (the Confirmation Order) approving and confirming the Debtors’ fourth amended joint plan of reorganization (as amended, the Plan). On December 9, 2013 (the Effective Date), the Debtors consummated their reorganization pursuant to the Plan, principally through the transactions contemplated by an Agreement and Plan of Merger (as amended, the Merger Agreement), dated as of February 13, 2013, by and among AMR, AMR Merger Sub, Inc. (Merger Sub) and US Airways Group, Inc. (US Airways Group), pursuant to which Merger Sub merged with and into US Airways Group (the Merger), with US Airways Group surviving as a wholly-owned subsidiary of AAG following the Merger. From the Petition Date through the Effective Date, pursuant to automatic stay provisions under the Bankruptcy Code and orders granted by the Bankruptcy Court, all actions to enforce or otherwise effect repayment of liabilities preceding the Petition Date as well as all pending litigation against the Debtors generally were stayed. Following the Effective Date, actions to enforce or otherwise effect repayment of liabilities preceding the Petition Date generally have been permanently enjoined. Any unresolved claims will continue to be subject to the claims reconciliation process under the supervision of the U.S. Bankruptcy Court. However, certain pending litigation related to pre-petition liabilities may proceed in courts other than the U.S. Bankruptcy Court to the extent the parties to such litigation have obtained relief from the permanent injunction. In connection with the Chapter 11 Cases, trading in AMR’s common stock and certain debt securities on the New York Stock Exchange (NYSE) was suspended on January 5, 2012, and AMR’s common stock and such debt securities were delisted by the SEC from the NYSE on January 30, 2012. On January 5, 2012, AMR’s common stock began trading under the symbol “AAMRQ” (CUSIP 001765106) on the OTCQB marketplace, operated by OTC Markets Group. Pursuant to the Plan, on the Effective Date (i) all existing shares of AAG’s old common stock formerly traded under the symbol “AAMRQ” were canceled and (ii) AAG was authorized to issue up to approximately 544 million shares of common stock, par value $0.01 per share, of AAG (AAG Common Stock) by operation of the Plan (excluding shares of AAG Common Stock issuable pursuant to the Merger Agreement). On the Effective Date, the AAG Common Stock was listed on the NASDAQ Global Select Market under the symbol “AAL,” and AAMRQ ceased trading on the OTCQB marketplace. Upon emergence from Chapter 11, AAG issued approximately 53 million shares of AAG Common Stock to AMR’s old equity holders and certain of the Debtors’ employees, and issued 168 million shares of AAG Series A Convertible Preferred Stock, par value $0.01 per share (the AAG Series A Preferred Stock), which was mandatorily convertible into new AAG Common Stock during the 120-day period after the Effective Date, to certain creditors and employees of the Debtors (including shares deposited in the Disputed Claims Reserve (as defined in the Plan)). In accordance with the terms of the Plan, former holders of AMR common stock (previously traded under the symbol “AAMRQ”) received, for each share of AMR common stock, an initial distribution of approximately 0.0665 shares of the AAG Common Stock as of the Effective Date. Following the Effective Date, former holders of AMR common stock and those deemed to be treated as such in connection with the elections made pursuant to the Plan have received through December 31, 2014, additional aggregate distributions of shares of AAG Common Stock of approximately 0.6776 shares of AAG Common Stock for each share of AMR common stock previously held, and may continue to receive additional distributions. As of the Effective Date, the adjusted total Double-Dip General Unsecured Claims (as defined in the Plan) were approximately $2.5 billion and the Allowed Single-Dip General Unsecured Claims (as defined in the Plan) were approximately $2.5 billion. The Disputed Claims Reserve established under the Plan initially was issued 30.4 million shares, which shares are reserved for distributions to holders of disputed Single-Dip Unsecured Claims (Single-Dip Equity Obligations) whose claims ultimately become allowed as well as to certain AMR labor groups and employees who received a deemed claim amount based upon a fixed percentage of the distributions to be made to general unsecured claimholders. As of December 31, 2014, the Disputed Claims Reserve held 26.8 million shares of AAG Common Stock pending distribution of those shares in accordance with the Plan. On February 10, 2015, approximately 0.8 million shares of AAG Common Stock held in the Disputed Claims Reserve were distributed to holders of allowed Single-Dip Unsecured Claims, to holders of certain labor-related deemed claims, and to holders of certain non-management, non-union employee deemed claims as specified in the Plan, and American repurchased less than 0.1 million shares of AAG Common Stock for an aggregate of $4 million from the Disputed Claims Reserve at the then-prevailing market price in order to fund cash tax obligations resulting from this distribution. As of June 30, 2015, there were approximately 26.0 million shares of AAG Common Stock remaining in the Disputed Claims Reserve. On July 14, 2015, approximately 0.6 million shares of AAG Common Stock held in the Disputed Claims Reserve were distributed to holders of allowed Single-Dip Unsecured Claims, to holders of certain labor-related deemed claims, and to holders of certain non-management, non-union employee deemed claims as specified in the Plan, and American repurchased 0.1 million shares of AAG Common Stock for an aggregate of $2 million from the Disputed Claims Reserve at the then-prevailing market price in order to fund cash tax obligations resulting from this distribution. As disputed claims are resolved, the claimants will receive distributions of shares from the Disputed Claims Reserve on the same basis as if such distributions had been made on or about the Effective Date. To the extent that any of the reserved shares remain undistributed upon resolution of all remaining disputed claims, such shares will not be returned to AAG but rather will be distributed to former AMR shareholders as of the Effective Date. American is not required to distribute additional shares above the limits contemplated by the Plan. Several parties have filed appeals seeking reconsideration of the Confirmation Order. See Note 12 for more information. The reconciliation process with respect to the remaining claims is expected to take considerable time. American’s estimate of the amounts of disputed claims that will ultimately become allowed Single-Dip Unsecured Claims are included in bankruptcy settlement obligations on American’s condensed consolidated balance sheet as of June 30, 2015. As these claims are resolved, or where better information becomes available and is evaluated, American will make adjustments to the liabilities recorded on its condensed consolidated financial statements as appropriate. Any such adjustments could be material to American’s financial position or results of operations in any given period. Availability and Utilization of Net Operating Losses Upon emergence from bankruptcy, American experienced an “ownership change” as defined in Section 382 of the Internal Revenue Code of 1986, as amended (Section 382), which could potentially limit the ability to utilize certain tax attributes including American’s substantial net operating losses (NOLs). The general limitation rules for a debtor in a bankruptcy case are liberalized where the ownership change occurs upon emergence from bankruptcy. American elected to be covered by certain special rules for federal income tax purposes that permit approximately $9.5 billion of the federal NOL Carryforwards to be utilized without regard to the annual limitation generally imposed by Section 382. Moreover, an ownership change subsequent to American’s emergence from bankruptcy may further limit or effectively eliminate the ability to utilize American’s NOL Carryforwards and other tax attributes. To reduce the risk of a potential adverse effect on American’s ability to utilize the NOL Carryforwards, AAG’s Certificate of Incorporation contains transfer restrictions applicable to certain substantial shareholders. Although the purpose of these transfer restrictions is to prevent an ownership change from occurring, there can be no assurance that an ownership change will not occur even with these transfer restrictions. A copy of AAG’s Certificate of Incorporation was attached as Exhibit 3.1 to a Current Report on Form 8-K filed by AAG with the SEC on December 9, 2013. |
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Bankruptcy Settlement Obligations
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Bankruptcy Settlement Obligations | 3. Bankruptcy Settlement Obligations The components of bankruptcy settlement obligations on the condensed consolidated balance sheets are as follows (in millions):
The amount of the remaining Single-Dip Equity Obligations at June 30, 2015 is the Company’s estimate of its obligation for disputed claims of $159 million and is calculated based on the fair value of the shares expected to be issued, measured as if the obligations were settled using the closing price of AAG Common Stock at June 30, 2015. Additional allowed claims will receive 30.7553 shares, subject to reduction for expenses of the Disputed Claims Reserve, including tax liabilities, for each $1,000 of allowed claims. For accounting purposes, the value of the shares expected to be issued is marked-to-market each period until issued. Accordingly, changes in the value of AAG Common Stock could result in future increases and decreases in this obligation. In exchange for employees’ contributions to the successful reorganization of the Company, including agreeing to reductions in pay and benefits, the Company agreed in the Plan to provide each employee group a deemed claim which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees. Each employee group received a deemed claim amount based upon a fixed percentage of the distributions to be made to general unsecured claimholders. The fair value based on the expected number of shares to be distributed to satisfy this deemed claim, as adjusted, was approximately $1.5 billion. As of June 30, 2015, the remaining liability to certain AMR labor groups and employees of $49 million represents the estimated fair value of the remaining shares expected to be issued in satisfaction of such obligation, measured as if the obligation was settled using the closing price of AAG Common Stock at June 30, 2015. For accounting purposes, the value of the remaining shares expected to be issued to satisfy the labor claim is marked-to-market each period until issued. Accordingly, changes in the value of AAG Common Stock could result in future increases and decreases in this obligation. On February 10, 2015 and July 14, 2015, approximately 0.8 million and 0.6 million shares, respectively, of AAG Common Stock held in the Disputed Claims Reserve were distributed to holders of allowed Single-Dip Unsecured Claims, to holders of certain labor-related deemed claims and to holders of certain non-management, non-union employee deemed claims as specified in the Plan, and 0.1 million shares were withheld or sold on account of related tax obligations. |
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American Airlines, Inc. [Member]
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Bankruptcy Settlement Obligations | 3. Bankruptcy Settlement Obligations The components of bankruptcy settlement obligations on the condensed consolidated balance sheets are as follows (in millions):
The amount of the remaining Single-Dip Equity Obligations at June 30, 2015 is American’s estimate of its obligation for disputed claims of $159 million and is calculated based on the fair value of the shares expected to be issued, measured as if the obligations were settled using the closing price of AAG Common Stock at June 30, 2015. Additional allowed claims will receive 30.7553 shares, subject to reduction for expenses of the Disputed Claims Reserve, including tax liabilities, for each $1,000 of allowed claims. For accounting purposes, the value of the shares expected to be issued is marked-to-market each period until issued. Accordingly, changes in the value of AAG Common Stock could result in future increases and decreases in this obligation. In exchange for employees’ contributions to the successful reorganization of AAG, including agreeing to reductions in pay and benefits, AAG and American agreed in the Plan to provide each employee group a deemed claim which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees. Each employee group received a deemed claim amount based upon a fixed percentage of the distributions to be made to general unsecured claimholders. The fair value based on the expected number of shares to be distributed to satisfy this deemed claim, as adjusted, was approximately $1.5 billion. As of June 30, 2015, the remaining liability to certain AMR labor groups and employees of $49 million represents the estimated fair value of the remaining shares expected to be issued in satisfaction of such obligation, measured as if the obligation was settled using the closing price of AAG Common Stock at June 30, 2015. For accounting purposes, the value of the remaining shares expected to be issued to satisfy the labor claim is marked-to-market each period until issued. Accordingly, changes in the value of AAG Common Stock could result in future increases and decreases in this obligation. On February 10, 2015 and July 14, 2015, approximately 0.8 million and 0.6 million shares, respectively, of AAG Common Stock held in the Disputed Claims Reserve were distributed to holders of allowed Single-Dip Unsecured Claims, to holders of certain labor-related deemed claims and to holders of certain non-management, non-union employee deemed claims as specified in the Plan, and 0.1 million shares were withheld or sold on account of related tax obligations. |
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Bankruptcy Settlement Obligations Disclosure [Text Block] No definition available.
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Special Items
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Special Items | 4. Special Items Special items, net on the condensed consolidated statements of operations are as follows (in millions):
The 2014 second quarter mainline operating special items totaled a net charge of $251 million, which principally included $163 million of merger integration expenses related to information technology, professional fees, severance, share-based compensation, re-branding of aircraft and airport facilities, relocation and training as well as a net $38 million charge for bankruptcy related items primarily consisting of fair value adjustments for bankruptcy settlement obligations and $37 million in charges related to the buyout of leases associated with certain aircraft. The 2014 six month period mainline operating special items totaled a net charge of $114 million, which principally included $365 million of merger integration expenses, $40 million in charges primarily related to the buyout of leases associated with certain aircraft and a net $5 million charge for bankruptcy related items, all as described above. These charges were offset in part by a $309 million gain on the sale of Slots at Ronald Reagan Washington National Airport. The following additional amounts are also included in the condensed consolidated statements of operations as follows (in millions):
The 2014 second quarter and six month period nonoperating special items were primarily due to non-cash interest accretion of $2 million and $33 million, respectively, on bankruptcy settlement obligations.
During the 2014 second quarter, the Company sold its portfolio of fuel hedging contracts that were scheduled to settle on or after June 30, 2014. In connection with this sale, the Company recorded a special non-cash tax provision of $330 million in the second quarter of 2014 that reversed the non-cash tax provision which was recorded in other comprehensive income (OCI), a subset of stockholders’ equity, principally in 2009. This provision represents the tax effect associated with gains recorded in OCI principally in 2009 due to a net increase in the fair value of the Company’s fuel hedging contracts. In accordance with GAAP, the Company retained the $330 million tax provision in OCI until the last contract was settled or terminated. In addition, the Company recorded a special $7 million non-cash deferred income tax provision related to certain indefinite-lived intangible assets in the 2014 second quarter. The 2014 six month period included the $330 million non-cash tax provision related to the settlement of fuel hedges discussed above as well as a special $15 million non-cash deferred income tax provision related to certain indefinite-lived intangible assets. |
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American Airlines, Inc. [Member]
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Special Items | 4. Special Items Special items, net on the condensed consolidated statements of operations are as follows (in millions):
The 2014 second quarter mainline operating special items totaled a net charge of $179 million, which principally included $99 million of merger integration expenses related to information technology, professional fees, severance, share-based compensation, re-branding of aircraft and airport facilities, relocation and training as well as a net $40 million charge for bankruptcy related items primarily consisting of fair value adjustments for bankruptcy settlement obligations and $26 million in charges related to the buyout of leases associated with certain aircraft. The 2014 six month period mainline operating special items totaled a net credit of $37 million, which principally included a $305 million gain on the sale of Slots at Ronald Reagan Washington National Airport and a net $16 million credit for bankruptcy related items as described above. These special credits were offset in part by $234 million of merger integration expenses as described above as well as $29 million in charges primarily related to the buyout of leases associated with certain aircraft. The following additional amounts are also included in the condensed consolidated statements of operations as follows (in millions):
The 2014 six month period nonoperating special charges of $40 million were primarily due to non-cash interest accretion on bankruptcy settlement obligations.
During the 2014 second quarter, American sold its portfolio of fuel hedging contracts that were scheduled to settle on or after June 30, 2014. In connection with this sale, American recorded a special non-cash tax provision of $328 million in the second quarter of 2014 that reversed the non-cash tax provision which was recorded in other comprehensive income (OCI), a subset of stockholder’s equity, principally in 2009. This provision represents the tax effect associated with gains recorded in OCI principally in 2009 due to a net increase in the fair value of American’s fuel hedging contracts. In accordance with GAAP, American retained the $328 million tax provision in OCI until the last contract was settled or terminated. In addition, American recorded a special $7 million non-cash deferred income tax provision related to certain indefinite-lived intangible assets in the 2014 second quarter. The 2014 six month period included the $328 million non-cash tax provision related to the settlement of fuel hedges discussed above as well as a special $14 million non-cash deferred income tax provision related to certain indefinite-lived intangible assets. |
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Earnings Per Share
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Earnings Per Share | 5. Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share (EPS) (in millions, except share and per share amounts in thousands):
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- Definition
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Share Repurchase Program and Dividend
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6 Months Ended |
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Jun. 30, 2015
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Equity [Abstract] | |
Share Repurchase Program and Dividend | 6. Share Repurchase Program and Dividend On January 27, 2015, the Company announced that its Board of Directors had authorized a new $2.0 billion share repurchase program to be completed by the end of 2016. Shares repurchased under the program may be made through a variety of methods, which may include open market purchases, privately negotiated transactions, block trades or accelerated share repurchase transactions. Any such repurchases will be made from time to time subject to market and economic conditions, applicable legal requirements and other relevant factors. The program does not obligate the Company to repurchase any specific number of shares and may be suspended at any time at the Company’s discretion. During the three months ended June 30, 2015, the Company repurchased 17.3 million shares of AAG Common Stock for $753 million at a weighted average cost per share of $43.53. During the six months ended June 30, 2015, the Company repurchased 21.1 million shares of AAG Common Stock for $943 million at a weighted average cost per share of $44.60. Also on January 27, 2015, the Company announced that its Board of Directors had declared a $0.10 per share dividend for shareholders of record on February 9, 2015, and payable on February 23, 2015. In April 2015, the Company announced that its Board of Directors had declared a $0.10 per share dividend for shareholders of record on May 4, 2015, and payable on May 18, 2015. The total cash payment for dividends during the three and six months ended June 30, 2015 was $70 million and $140 million, respectively. Any future dividends that may be declared and paid from time to time under the Company’s capital deployment program will be subject to market and economic conditions, applicable legal requirements and other relevant factors. The Company’s capital deployment program does not obligate it to continue a dividend for any fixed period, and payment of dividends may be suspended at any time at the Company’s discretion. |
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- Definition
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Debt
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Jun. 30, 2015
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Debt | 7. Debt Long-term debt and capital lease obligations included in the condensed consolidated balance sheets consisted of (in millions):
2013 Credit Facilities On May 21, 2015, American refinanced its $1.9 billion term loan facility (the $1.9 billion 2015 Term Loan Facility and, together with a $1.4 billion revolving credit facility, the 2013 Credit Facilities) to extend the maturity date to June 29, 2020 and reduce the LIBOR margin from 3.00% to 2.75%. In addition, American entered into certain amendments to reflect the ability for American to make future modifications to the collateral pledged, subject to certain restrictions. The LIBOR margin under the $1.9 billion 2015 Term Loan Facility may vary based on American’s credit ratings, and on June 30, 2015 the LIBOR margin was further reduced to 2.50% due to an improvement in American’s credit ratings. 2014 Credit Facilities On April 20, 2015, American refinanced its $750 million term loan facility (the $750 million 2015 Term Loan Facility and, together with a $400 million revolving credit facility, the 2014 Credit Facilities) to reduce the LIBOR margin from 3.50% to 3.00% and entered into certain amendments to reflect the release of certain existing collateral and the addition of certain new collateral, as well as the ability for American to make future modifications to the collateral pledged, subject to certain restrictions. The LIBOR margin under the $750 million 2015 Term Loan Facility may vary based on American’s credit ratings, and on June 30, 2015 the LIBOR margin was further reduced to 2.75% due to an improvement in American’s credit ratings. 2015-1 EETCs In March 2015, American created two pass-through trusts which issued approximately $1.2 billion aggregate face amount of Series 2015-1 Class A and Class B EETCs in connection with the financing of 28 aircraft currently owned or scheduled to be delivered from July 2015 to September 2015 (the 2015 EETC Aircraft). The 2015-1 EETCs represent fractional undivided interests in the respective pass-through trusts and are not obligations of American. Proceeds received from the sale of EETCs are initially held by a depository in escrow for the benefit of the certificate holders until American issues equipment notes to the pass-through trusts, which purchase the notes with a portion of the escrowed funds. These escrowed funds are not guaranteed by American and are not reported as debt on the Company’s condensed consolidated balance sheet because the proceeds held by the depository are not American’s assets.
As of June 30, 2015, $1.0 billion of the escrowed proceeds from the 2015-1 EETCs have been used to purchase equipment notes issued by American in two series: Series A equipment notes in the amount of $796 million bearing interest at 3.375% per annum and Series B equipment notes in the amount of $223 million bearing interest at 3.70% per annum. Interest and principal payments on the equipment notes are payable semi-annually in May and November of each year, beginning in November 2015. The final payments on the Series A and Series B equipment notes will be due in May 2027 and May 2023, respectively. These equipment notes are secured by liens on 19 of the 2015 EETC Aircraft. The remaining $195 million of escrowed proceeds will be used to purchase equipment notes as the remaining nine new aircraft are delivered. 4.625% Senior Notes In March 2015, the Company issued $500 million aggregate principal amount of 4.625% senior notes due 2020 (the 4.625% senior notes). These notes bear interest at a rate of 4.625% per annum and are payable semi-annually in arrears on each March 1 and September 1, beginning on September 1, 2015. The 4.625% senior notes mature on March 1, 2020 and are fully and unconditionally guaranteed by American, US Airways Group and US Airways, Inc. (US Airways). The 4.625% senior notes are senior unsecured obligations of the Company. The indenture for the 4.625% senior notes contains covenants and events of default generally customary for similar financings. In addition, if the Company experiences specific kinds of changes of control, the Company must offer to repurchase the 4.625% senior notes in whole or in part at a repurchase price of 101% of the aggregate principal amount plus accrued and unpaid interest, if any, to (but not including) the repurchase date. Upon the occurrence of certain events of default, the 4.625% senior notes may be accelerated and become due and payable. AAdvantage Loan Effective January 2, 2015, American exercised its loan repayment right with respect to the full value of the outstanding balance of the AAdvantage Loan with Citibank for $400 million. In connection with the repayment, in the first quarter of 2015, American recognized an early debt extinguishment gain of approximately $17 million. Obligations Associated with Special Facility Revenue Bonds In December 2014, American acquired approximately $112 million aggregate principal amount of special facility revenue bonds related to the Tulsa International Airport, when such bonds were mandatorily tendered to American. The acquisition of these bonds resulted in an $11 million reduction of debt on the Company’s consolidated balance sheet and a $50 million reduction of a long-term operating lease obligation included in other long-term liabilities on the Company’s consolidated balance sheet as of December 31, 2014. American exercised its option to remarket approximately $104 million of these bonds in May 2015. The remarketed bonds will initially bear a coupon interest rate of 5% from the date of initial issuance and delivery of the bonds on May 27, 2015, until the day preceding June 1, 2025, on which date the bonds will be subject to mandatory tender. In connection with the remarketing of these special facility revenue bonds, American received cash proceeds of $112 million and recognized a total obligation of $62 million. Of that total obligation, $11 million is reflected as a capital lease and $51 million is reflected in other long-term liabilities on the Company’s condensed consolidated balance sheet as of June 30, 2015. In June 2015, American exercised its right to adjust the interest rate on approximately $365 million aggregate principal amount of special facility revenue bonds, reflected as debt on the Company’s condensed consolidated balance sheet related to the John F. Kennedy International Airport. In connection with the adjustment to a new interest rate, the bonds are required to be purchased by American on August 3, 2015. American is in the process of remarketing the bonds at the new interest rate. The remarketed bonds are expected to be subject to mandatory tender for purchase by American on August 1, 2016. As a result, American reclassified $365 million to current maturities of long-term debt on its condensed consolidated balance sheet as of June 30, 2015. Other Aircraft Financing Transactions In the first six months of 2015, American prepaid $72 million principal amount of outstanding debt secured by certain aircraft. In the first six months of 2015, the Company entered into loan agreements to borrow $465 million in connection with the financing of certain aircraft deliveries. The notes mature in 2025 through 2027 and bear interest at a rate of LIBOR plus an applicable margin. |
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American Airlines, Inc. [Member]
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Debt | 5. Debt Long-term debt and capital lease obligations included in the condensed consolidated balance sheets consisted of (in millions):
2013 Credit Facilities On May 21, 2015, American refinanced its $1.9 billion term loan facility (the $1.9 billion 2015 Term Loan Facility and, together with a $1.4 billion revolving credit facility, the 2013 Credit Facilities) to extend the maturity date to June 29, 2020 and reduce the LIBOR margin from 3.00% to 2.75%. In addition, American entered into certain amendments to reflect the ability for American to make future modifications to the collateral pledged, subject to certain restrictions. The LIBOR margin under the $1.9 billion 2015 Term Loan Facility may vary based on American’s credit ratings, and on June 30, 2015 the LIBOR margin was further reduced to 2.50% due to an improvement in American’s credit ratings. 2014 Credit Facilities On April 20, 2015, American refinanced its $750 million term loan facility (the $750 million 2015 Term Loan Facility and, together with a $400 million revolving credit facility, the 2014 Credit Facilities) to reduce the LIBOR margin from 3.50% to 3.00% and entered into certain amendments to reflect the release of certain existing collateral and the addition of certain new collateral, as well as the ability for American to make future modifications to the collateral pledged, subject to certain restrictions. The LIBOR margin under the $750 million 2015 Term Loan Facility may vary based on American’s credit ratings, and on June 30, 2015 the LIBOR margin was further reduced to 2.75% due to an improvement in American’s credit ratings. 2015-1 EETCs In March 2015, American created two pass-through trusts which issued approximately $1.2 billion aggregate face amount of Series 2015-1 Class A and Class B EETCs in connection with the financing of 28 aircraft currently owned or scheduled to be delivered from July 2015 to September 2015 (the 2015 EETC Aircraft). The 2015-1 EETCs represent fractional undivided interests in the respective pass-through trusts and are not obligations of American. Proceeds received from the sale of EETCs are initially held by a depository in escrow for the benefit of the certificate holders until American issues equipment notes to the pass-through trusts, which purchase the notes with a portion of the escrowed funds. These escrowed funds are not guaranteed by American and are not reported as debt on American’s condensed consolidated balance sheet because the proceeds held by the depository are not American’s assets. As of June 30, 2015, $1.0 billion of the escrowed proceeds from the 2015-1 EETCs have been used to purchase equipment notes issued by American in two series: Series A equipment notes in the amount of $796 million bearing interest at 3.375% per annum and Series B equipment notes in the amount of $223 million bearing interest at 3.70% per annum. Interest and principal payments on the equipment notes are payable semi-annually in May and November of each year, beginning in November 2015. The final payments on the Series A and Series B equipment notes will be due in May 2027 and May 2023, respectively. These equipment notes are secured by liens on 19 of the 2015 EETC Aircraft. The remaining $195 million of escrowed proceeds will be used to purchase equipment notes as the remaining nine new aircraft are delivered. AAdvantage Loan Effective January 2, 2015, American exercised its loan repayment right with respect to the full value of the outstanding balance of the AAdvantage Loan with Citibank for $400 million. In connection with the repayment, in the first quarter of 2015, American recognized an early debt extinguishment gain of approximately $17 million. Obligations Associated with Special Facility Revenue Bonds In December 2014, American acquired approximately $112 million aggregate principal amount of special facility revenue bonds related to the Tulsa International Airport, when such bonds were mandatorily tendered to American. The acquisition of these bonds resulted in an $11 million reduction of debt on American’s consolidated balance sheet and a $50 million reduction of a long-term operating lease obligation included in other long-term liabilities on American’s consolidated balance sheet as of December 31, 2014. American exercised its option to remarket approximately $104 million of these bonds in May 2015. The remarketed bonds will initially bear a coupon interest rate of 5% from the date of initial issuance and delivery of the bonds on May 27, 2015, until the day preceding June 1, 2025, on which date the bonds will be subject to mandatory tender. In connection with the remarketing of these special facility revenue bonds, American received cash proceeds of $112 million and recognized a total obligation of $62 million. Of that total obligation, $11 million is reflected as a capital lease and $51 million is reflected in other long-term liabilities on American’s condensed consolidated balance sheet as of June 30, 2015. In June 2015, American exercised its right to adjust the interest rate on approximately $365 million aggregate principal amount of special facility revenue bonds, reflected as debt on its condensed consolidated balance sheet related to the John F. Kennedy International Airport. In connection with the adjustment to a new interest rate, the bonds are required to be purchased by American on August 3, 2015. American is in the process of remarketing the bonds at the new interest rate. The remarketed bonds are expected to be subject to mandatory tender for purchase by American on August 1, 2016. As a result, American reclassified $365 million to current maturities of long-term debt on its condensed consolidated balance sheet as of June 30, 2015. Other Aircraft Financing Transactions In the first six months of 2015, American prepaid $72 million principal amount of outstanding debt secured by certain aircraft. In the first six months of 2015, American entered into loan agreements to borrow $389 million in connection with the financing of certain aircraft deliveries. The notes mature in 2025 through 2027 and bear interest at a rate of LIBOR plus an applicable margin. |
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- Definition
No authoritative reference available. No definition available.
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Income Taxes
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6 Months Ended |
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Jun. 30, 2015
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Income Taxes | 8. Income Taxes At December 31, 2014, the Company had approximately $10.1 billion of gross NOL Carryforwards to reduce future federal taxable income, substantially all of which are expected to be available for use in 2015. The federal NOL Carryforwards will expire beginning in 2022 if unused. These NOL Carryforwards include an unrealized tax benefit of $867 million related to the implementation of share-based compensation accounting guidance that will be recorded in equity when realized. The Company also had approximately $4.6 billion of NOL Carryforwards to reduce future state taxable income at December 31, 2014, which will expire in years 2015 through 2034 if unused. The Company’s ability to deduct its NOL Carryforwards and to utilize certain other available tax attributes can be substantially constrained under the general annual limitation rules of Section 382 where an “ownership change” has occurred. The Company experienced an ownership change in connection with its emergence from the Chapter 11 Cases, and US Airways Group experienced an ownership change in connection with the Merger. As a result of the Merger, US Airways Group is now included in the AAG consolidated federal and state income tax return. The general limitation rules of Section 382 for a debtor in a bankruptcy case are liberalized where the ownership change occurs upon emergence from bankruptcy. The Company elected to be covered by certain special rules for federal income tax purposes that permit approximately $9.0 billion of its federal NOL Carryforwards to be utilized without regard to the Section 382 annual limitation rules. Substantially all of the Company’s remaining federal NOL Carryforwards (attributable to US Airways Group) are subject to limitation under Section 382; however, the Company’s ability to utilize such NOL Carryforwards is not anticipated to be effectively constrained as a result of such limitation. Similar limitations may apply for state income tax purposes. The Company’s ability to utilize any new NOL Carryforwards arising after the ownership changes is not affected by the annual limitation rules imposed by Section 382 unless another ownership change occurs. At December 31, 2014, the Company had an Alternative Minimum Tax (AMT) credit carryforward of approximately $341 million available for federal income tax purposes, which is available for an indefinite period. The Company’s net deferred tax assets, which include the NOL Carryforwards, are subject to a full valuation allowance. At December 31, 2014, the federal and state valuation allowances were $4.5 billion and $264 million, respectively. In accordance with GAAP, utilization of the NOL Carryforwards after December 9, 2013 will result in a corresponding decrease in the valuation allowance and offset the Company’s tax provision dollar for dollar. The Company provides a valuation allowance for 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 ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. The Company considers all available positive and negative evidence and makes certain assumptions. The Company considers many factors in evaluating the realizability of its deferred tax assets including risks associated with merger integration as well as other factors, which continue to be affected by conditions beyond its control, such as the condition of the economy, the level and volatility of fuel prices and travel demand. The Company has concluded as of June 30, 2015 that the valuation allowance was still needed on its deferred tax asset based on the weight of the factors described above. For the three and six months ended June 30, 2015, the Company recorded a special $7 million and $16 million, respectively, non-cash deferred income tax provision related to certain indefinite-lived intangible assets. In addition, for the three and six months ended June 30, 2015, the Company recorded $8 million and $10 million, respectively, of state and international income tax expense related to certain states and other jurisdictions where NOLs were limited or unavailable to be used. During the second quarter of 2014, the Company sold its portfolio of fuel hedging contracts that were scheduled to settle on or after June 30, 2014. In connection with this sale, the Company recorded a special non-cash tax provision of $330 million in the statement of operations for the second quarter of 2014 that reversed the non-cash tax provision which was recorded in OCI, a subset of stockholders’ equity, principally in 2009. This provision represents the tax effect associated with gains recorded in OCI principally in 2009 due to a net increase in the fair value of the Company’s fuel hedging contracts. In accordance with GAAP, the Company retained the $330 million tax provision in OCI until the last contract was settled or terminated. In addition, the Company recorded a special $7 million non-cash deferred income tax provision related to certain indefinite-lived intangible assets in the 2014 second quarter. The 2014 six month period included the $330 million non-cash tax provision related to the settlement of fuel hedges discussed above as well as a special $15 million non-cash deferred income tax provision related to certain indefinite-lived intangible assets. For the three and six months ended June 30, 2014, the Company recorded $3 million and $8 million, respectively, of state and international income tax expense related to certain states and other jurisdictions where NOLs were limited or unavailable to be used. |
American Airlines, Inc. [Member]
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Income Taxes | 6. Income Taxes At December 31, 2014, American had approximately $10.3 billion of gross NOL Carryforwards to reduce future federal taxable income, substantially all of which are expected to be available for use in 2015. American is a member of AAG’s consolidated federal and certain state income tax returns. The amount of federal and state NOL Carryforwards available in those returns is $10.1 billion and $4.6 billion, respectively, substantially all of which is expected to be available for use in 2015. The federal NOL Carryforwards will expire beginning in 2022 if unused. These NOL Carryforwards include an unrealized tax benefit of $712 million related to the implementation of share-based compensation accounting guidance that will be recorded in equity when realized. American also had approximately $3.9 billion of NOL Carryforwards to reduce future state taxable income at December 31, 2014, which will expire in years 2015 through 2034 if unused. American’s ability to deduct its NOL Carryforwards and to utilize certain other available tax attributes can be substantially constrained under the general annual limitation rules of Section 382 where an “ownership change” has occurred. American experienced an ownership change in connection with its emergence from the Chapter 11 Cases. The general limitation rules of Section 382 for a debtor in a bankruptcy case are liberalized where the ownership change occurs upon emergence from bankruptcy. American elected to be covered by certain special rules for federal income tax purposes that permit approximately $9.5 billion of its federal NOL Carryforwards to be utilized without regard to the Section 382 annual limitation rules. Similar limitations may apply for state income tax purposes. American’s ability to utilize any new NOL Carryforwards arising after the ownership change is not affected by the annual limitation rules imposed by Section 382 unless another ownership change occurs. At December 31, 2014, American had an Alternative Minimum Tax (AMT) credit carryforward of approximately $435 million available for federal income tax purposes, which is available for an indefinite period. American’s net deferred tax assets, which include the NOL Carryforwards, are subject to a full valuation allowance. At December 31, 2014, the federal and state valuation allowances were $5.1 billion and $208 million, respectively. In accordance with GAAP, utilization of the NOL Carryforwards after December 9, 2013 will result in a corresponding decrease in the valuation allowance and offset American’s tax provision dollar for dollar. American provides a valuation allowance for 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 ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. American considers all available positive and negative evidence and makes certain assumptions. American considers many factors in evaluating the realizability of its deferred tax assets including risks associated with merger integration as well as other factors, which continue to be affected by conditions beyond American’s control, such as the condition of the economy, the level and volatility of fuel prices and travel demand. American has concluded as of June 30, 2015 that the valuation allowance was still needed on its deferred tax asset based on the weight of the factors described above. For the three and six months ended June 30, 2015, American recorded a special $7 million and $15 million, respectively, non-cash deferred income tax provision related to certain indefinite-lived intangible assets. In addition, for the three and six months ended June 30, 2015, American recorded $4 million and $4 million, respectively, of state and international income tax expense related to certain states and other jurisdictions where NOLs were limited or unavailable to be used. During the second quarter of 2014, American sold its portfolio of fuel hedging contracts that were scheduled to settle on or after June 30, 2014. In connection with this sale, American recorded a special non-cash tax provision of $328 million in the statement of operations for the second quarter of 2014 that reversed the non-cash tax provision which was recorded in OCI, a subset of stockholder’s equity, principally in 2009. This provision represents the tax effect associated with gains recorded in OCI principally in 2009 due to a net increase in the fair value of American’s fuel hedging contracts. In accordance with GAAP, American retained the $328 million tax provision in OCI until the last contract was settled or terminated. In addition, American recorded a special $7 million non-cash deferred income tax provision related to certain indefinite-lived intangible assets in the 2014 second quarter. The 2014 six month period included the $328 million non-cash tax provision related to the settlement of fuel hedges discussed above as well as a special $14 million non-cash deferred income tax provision related to certain indefinite-lived intangible assets. For the three and six months ended June 30, 2014, American recorded $1 million and $5 million, respectively, of state and international income tax expense related to certain states and other jurisdictions where NOLs were limited or unavailable to be used. |
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- Definition
No authoritative reference available. No definition available.
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Fair Value Measurements
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Fair Value Measurements | 9. Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Recurring Basis 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. No changes in valuation techniques or inputs occurred during the six months ended June 30, 2015. Assets and liabilities measured at fair value on a recurring basis are summarized below (in millions):
There were no Level 1 to Level 2 transfers during the six months ended June 30, 2015. Venezuela Cash and Short-term Investments As of June 30, 2015, the Company had approximately $629 million of unrestricted cash and short-term investments held in Venezuelan bolivars. This balance includes approximately $621 million valued at 6.3 bolivars to the U.S. dollar and approximately $8 million valued at 12.8 bolivars to the U.S. dollar, with the rate depending on the date the Company submitted its repatriation request to the Venezuelan government. These rates are materially more favorable than the exchange rates currently prevailing for other transactions conducted outside of the Venezuelan government’s currency exchange system. During 2014, the Company significantly reduced capacity in the Venezuelan market and is no longer accepting bolivars as payment for airline tickets. The Company is monitoring this situation closely and continues to evaluate its holdings of Venezuelan bolivars for additional foreign currency losses or other accounting adjustments, which could be material, particularly in light of the additional uncertainty posed by the recent changes to the foreign exchange regulations and the continued deterioration of economic conditions in Venezuela. More generally, fluctuations in foreign currencies, including devaluations, cannot be predicted by the Company and can significantly affect the value of the Company’s assets located outside the United States. These conditions, as well as any further delays, devaluations or imposition of more stringent repatriation restrictions, may materially adversely affect the Company’s business, results of operations and financial condition. See Part II, Item 1A. Risk Factors – “We operate a global business with international operations that are subject to economic and political instability and have been, and in the future may continue to be, adversely affected by numerous events, circumstances or government actions beyond our control” for additional discussion of this and other currency risks. Fair Value of Debt The fair value of the Company’s long-term debt was estimated using quoted market prices or discounted cash flow analyses, based on the Company’s current estimated incremental borrowing rates for similar types of borrowing arrangements. If the Company’s long-term debt was measured at fair value, it would have been classified as Level 2 in the fair value hierarchy. The carrying value and estimated fair value of the Company’s long-term debt, including current maturities, were as follows (in millions):
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American Airlines, Inc. [Member]
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Fair Value Measurements | 7. Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Recurring Basis American 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. American’s short-term investments classified as Level 2 primarily utilize broker quotes in a non-active market for valuation of these securities. No changes in valuation techniques or inputs occurred during the six months ended June 30, 2015. Assets and liabilities measured at fair value on a recurring basis are summarized below (in millions):
There were no Level 1 to Level 2 transfers during the six months ended June 30, 2015. Venezuela Cash and Short-term Investments As of June 30, 2015, American had approximately $629 million of unrestricted cash and short-term investments held in Venezuelan bolivars. This balance includes approximately $621 million valued at 6.3 bolivars to the U.S. dollar and approximately $8 million valued at 12.8 bolivars to the U.S. dollar, with the rate depending on the date American submitted its repatriation request to the Venezuelan government. These rates are materially more favorable than the exchange rates currently prevailing for other transactions conducted outside of the Venezuelan government’s currency exchange system. During 2014, American significantly reduced capacity in the Venezuelan market and is no longer accepting bolivars as payment for airline tickets. American is monitoring this situation closely and continues to evaluate its holdings of Venezuelan bolivars for additional foreign currency losses or other accounting adjustments, which could be material, particularly in light of the additional uncertainty posed by the recent changes to the foreign exchange regulations and the continued deterioration of economic conditions in Venezuela. More generally, fluctuations in foreign currencies, including devaluations, cannot be predicted by American and can significantly affect the value of American’s assets located outside the United States. These conditions, as well as any further delays, devaluations or imposition of more stringent repatriation restrictions, may materially adversely affect American’s business, results of operations and financial condition. See Part II, Item 1A. Risk Factors – “We operate a global business with international operations that are subject to economic and political instability and have been, and in the future may continue to be, adversely affected by numerous events, circumstances or government actions beyond our control” for additional discussion of this and other currency risks. Fair Value of Debt The fair value of American’s long-term debt was estimated using quoted market prices or discounted cash flow analyses, based on American’s current estimated incremental borrowing rates for similar types of borrowing arrangements. If American’s long-term debt was measured at fair value, it would have been classified as Level 2 in the fair value hierarchy. The carrying value and estimated fair value of American’s long-term debt, including current maturities, were as follows (in millions):
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Retirement Benefits
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Jun. 30, 2015
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Retirement Benefits | 10. Retirement Benefits The following tables provide the components of net periodic benefit cost (in millions):
Effective November 1, 2012, the Company’s defined benefit pension plans were frozen. 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 of 1974 (ERISA), the Pension Funding Equity Act of 2004, the Pension Protection Act of 2006, the Pension Relief Act of 2010 and the Moving Ahead for Progress in the 21st Century Act of 2012. Based on current funding assumptions, the Company has no minimum required contributions until 2019. Currently, the Company’s minimum funding obligation for its pension plans is subject to temporary favorable rules that are scheduled to expire at the end of 2017. Upon expiration of these rules, the Company’s funding obligations are likely to increase materially. The amount of these obligations will depend on the performance of the Company’s investments held in trust by the pension plans, interest rates for determining liabilities and the Company’s actuarial experience. |
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American Airlines, Inc. [Member]
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Retirement Benefits | 8. Retirement Benefits The following tables provide the components of net periodic benefit cost (in millions):
Effective November 1, 2012, American’s defined benefit pension plans were frozen. American is required to make minimum contributions to its defined benefit pension plans under the minimum funding requirements of the Employee Retirement Income Security Act of 1974 (ERISA), the Pension Funding Equity Act of 2004, the Pension Protection Act of 2006, the Pension Relief Act of 2010 and the Moving Ahead for Progress in the 21st Century Act of 2012. Based on current funding assumptions, American has no minimum required contributions until 2019. Currently, American’s minimum funding obligation for its pension plans is subject to temporary favorable rules that are scheduled to expire at the end of 2017. Upon expiration of these rules, American’s funding obligations are likely to increase materially. The amount of these obligations will depend on the performance of American’s investments held in trust by the pension plans, interest rates for determining liabilities and American’s actuarial experience. |
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Accumulated Other Comprehensive Income (Loss) | 11. Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) (AOCI) are as follows (in millions):
Reclassifications out of AOCI for the three and six months ended June 30, 2015 and 2014 are as follows (in millions):
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American Airlines, Inc. [Member]
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Accumulated Other Comprehensive Income (Loss) | 9. Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) (AOCI) are as follows (in millions):
Reclassifications out of AOCI for the three and six months ended June 30, 2015 and 2014 are as follows (in millions):
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Regional Expenses
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Regional Expenses | 12. Regional Expenses Expenses associated with the Company’s wholly-owned regional airlines and third-party regional carriers operating under the brand names American Eagle and US Airways Express are classified as regional expenses on the condensed consolidated statements of operations. Regional expenses consist of the following (in millions):
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American Airlines, Inc. [Member]
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Regional Expenses | 10. Regional Expenses Expenses associated with American’s third-party regional carriers operating under the brand name American Eagle are classified as regional expenses on the condensed consolidated statements of operations. Regional expenses consist of the following (in millions):
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Legal Proceedings | 13. Legal Proceedings Chapter 11 Cases. As previously disclosed, on the Petition Date, November 29, 2011, the Debtors filed the Chapter 11 Cases. On October 21, 2013, the Bankruptcy Court entered the Confirmation Order confirming the Plan. On the Effective Date, December 9, 2013, the Debtors consummated their reorganization pursuant to the Plan, principally through the transactions contemplated by the Merger Agreement pursuant to which Merger Sub merged with and into US Airways Group, with US Airways Group surviving as a wholly-owned subsidiary of AAG. From the Petition Date through the Effective Date, pursuant to automatic stay provisions under the Bankruptcy Code and orders granted by the Bankruptcy Court, actions to enforce or otherwise effect repayment of liabilities preceding the Petition Date as well as all pending litigation against the Debtors generally were stayed. Following the Effective Date, actions to enforce or otherwise effect repayment of liabilities preceding the Petition Date, generally have been permanently enjoined. Any unresolved claims will continue to be subject to the claims reconciliation process under the supervision of the Bankruptcy Court. However, certain pending litigation related to pre-petition liabilities may proceed in courts other than the Bankruptcy Court to determine the amount, if any, of such litigation claims for purposes of treatment under the Plan.
Pursuant to rulings of the Bankruptcy Court, the Plan established the Disputed Claims Reserve to hold shares of AAG Common Stock reserved for issuance to disputed claimholders at the Effective Date that ultimately become holders of allowed Single-Dip Unsecured Claims. The shares provided for under the Plan were determined based upon a Disputed Claims Reserve amount of claims of approximately $755 million, representing the maximum amount of additional distributions to subsequently allowed Single-Dip Unsecured Claims under the Plan. As of December 31, 2014, the Disputed Claims Reserve held 26.8 million shares of AAG Common Stock pending distribution of those shares in accordance with the Plan. On February 10, 2015, approximately 0.8 million shares of AAG Common Stock held in the Disputed Claims Reserve were distributed to holders of allowed Single-Dip Unsecured Claims, to holders of certain labor-related deemed claims, and to holders of certain non-management, non-union employee deemed claims as specified in the Plan, and the Company repurchased less than 0.1 million shares of AAG Common Stock for an aggregate of $4 million from the Disputed Claims Reserve at the then-prevailing market price in order to fund cash tax obligations resulting from this distribution. As of June 30, 2015, there were approximately 26.0 million shares of AAG Common Stock remaining in the Disputed Claims Reserve. On July 14, 2015, approximately 0.6 million shares of AAG Common Stock held in the Disputed Claims Reserve were distributed to holders of allowed Single-Dip Unsecured Claims, to holders of certain labor-related deemed claims, and to holders of certain non-management, non-union employee deemed claims as specified in the Plan, and the Company repurchased less than 0.1 million shares of AAG Common Stock for an aggregate of $2 million from the Disputed Claims Reserve at the then-prevailing market price in order to fund cash tax obligations resulting from this distribution. As disputed claims are resolved, the claimants will receive distributions of shares from the Disputed Claims Reserve on the same basis as if such distributions had been made on or about the Effective Date. However, the Company is not required to distribute additional shares above the limits contemplated by the Plan, even if the shares remaining for distribution are not sufficient to fully pay any additional allowed unsecured claims. To the extent that any of the reserved shares remain undistributed upon resolution of all remaining disputed claims, such shares will not be returned to the Company but rather will be distributed to former AMR shareholders as of the Effective Date. However, resolution of disputed claims could have a material effect on recoveries by holders of additional allowed Single-Dip Unsecured Claims under the Plan and the amount of additional share distributions, if any, that are made to former AMR shareholders as the total number of shares of AAG Common Stock that remain available for distribution upon resolution of disputed claims is limited pursuant to the Plan. There is also pending in the Bankruptcy Court an adversary proceeding relating to an action brought by American to seek a determination that certain non-pension, post-employee benefits (OPEB) are not vested benefits and thus may be modified or terminated without liability to American. On April 18, 2014, the Bankruptcy Court granted American’s motion for summary judgment with respect to certain non-union employees, concluding that their benefits were not vested and could be terminated. The summary judgment motion was denied with respect to all other retirees. The Bankruptcy Court has not yet scheduled a trial on the merits concerning whether those retirees’ benefits are vested, and American cannot predict whether it will receive relief from obligations to provide benefits to any of those retirees. The Company’s financial statements presently reflect these retirement programs without giving effect to any modification or termination of benefits that may ultimately be implemented based upon the outcome of this proceeding. Separately, both the Association of Professional Flight Attendants and Transport Workers Union have filed grievances asserting that American was “successful” in its Chapter 11 with respect to matters related to OPEB and, accordingly, by operation of the underlying collective bargaining agreements, American’s prior contributions to certain OPEB prefunding trusts attributable to active employees should be returned to those active employees. These amounts aggregate approximately $212 million. The Company has denied both grievances and intends to defend these matters vigorously. DOJ Civil Investigative Demand. In June 2015, the Company received a Civil Investigative Demand (CID) from the United States Department of Justice (DOJ) as part of an investigation into whether there have been illegal agreements or coordination of air passenger capacity. The CID seeks documents and other information from the Company, and other airlines have announced that they have received similar requests. The Company intends to cooperate fully with the DOJ investigation. In addition, subsequent to announcement of the delivery of CIDs by the DOJ, the Company, along with Delta Air Lines, Inc., Southwest Airlines Co., United Airlines, Inc. and, in the case of litigation filed in Canada, Air Canada, have been named as defendants in a number of putative class action lawsuits alleging unlawful agreements with respect to air passenger capacity. The U.S. lawsuits are the subject of multiple motions to consolidate them in a single forum. Both the DOJ process and these lawsuits are in their very early stages and the Company intends to defend the lawsuits vigorously. Private Party Antitrust Action. On July 2, 2013, a lawsuit captioned Carolyn Fjord, et al., v. US Airways Group, Inc., et al., was filed in the United States District Court for the Northern District of California. The complaint named as defendants US Airways Group and US Airways, and alleged that the effect of the Merger may be to substantially lessen competition or tend to create a monopoly in violation of Section 7 of the Clayton Antitrust Act. The relief sought in the complaint included an injunction against the Merger, or divestiture. On August 6, 2013, the plaintiffs re-filed their complaint in the Bankruptcy Court, adding AMR and American as defendants, and on October 2, 2013, dismissed the initial California action. The Bankruptcy Court denied plaintiffs’ motion to preliminarily enjoin the Merger. On January 10, 2014, the plaintiffs moved to amend their complaint to add additional factual allegations, a claim for money damages and a request for preliminary injunctive relief requiring the carriers to hold separate their assets. On March 14, 2014, the Court allowed plaintiffs to add certain allegations but denied plaintiffs’ requests to add a damages claim or seek preliminary injunctive relief requiring the carriers to hold separate their assets. On June 2, 2014, plaintiffs filed an amended motion for leave to file a second amended and supplemental complaint. On March 31, 2015, the Court denied plaintiffs’ motion. There is currently no trial date set. The Company believes this lawsuit is without merit and intends to vigorously defend against the allegations. US Airways Sabre Matter. On April 21, 2011, US Airways filed an antitrust lawsuit against Sabre Holdings Corporation, Sabre Inc. and Sabre Travel International Limited (collectively, Sabre) in the Federal District Court for the Southern District of New York. The lawsuit, as amended to date, alleges, among other things, that Sabre has engaged in anticompetitive practices to preserve its market power by restricting the Company’s ability to distribute its products to its customers. The lawsuit also alleges that these actions have permitted Sabre to charge supracompetitive booking fees and to use technologies that are not as robust and as efficient as alternatives in a competitive market. The lawsuit seeks money damages. Sabre filed a motion to dismiss the case, which the court denied in part and granted in part in September 2011, allowing two of the four counts in the complaint to proceed. In January 2015, the court denied in part and granted in part Sabre’s motions for summary judgment. A trial date is expected to be set soon. The Company intends to pursue its claims against Sabre vigorously, but there can be no assurance of the outcome of this litigation. General. The Company and its subsidiaries are also engaged in other legal proceedings from time to time. Legal proceedings can be complex and take many months, or even years, to reach resolution, with the final outcome depending on a number of variables, some of which are not within the control of the Company. Therefore, although the Company will vigorously defend itself in each of the actions described above and such other legal proceedings, their ultimate resolution and potential financial and other impacts on the Company are uncertain. |
American Airlines, Inc. [Member]
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Legal Proceedings | 12. Legal Proceedings Chapter 11 Cases. As previously disclosed, on the Petition Date, November 29, 2011, the Debtors filed the Chapter 11 Cases. On October 21, 2013, the Bankruptcy Court entered the Confirmation Order confirming the Plan. On the Effective Date, December 9, 2013, the Debtors consummated their reorganization pursuant to the Plan, principally through the transactions contemplated by the Merger Agreement pursuant to which Merger Sub merged with and into US Airways Group, with US Airways Group surviving as a wholly-owned subsidiary of AAG. From the Petition Date through the Effective Date, pursuant to automatic stay provisions under the Bankruptcy Code and orders granted by the Bankruptcy Court, actions to enforce or otherwise effect repayment of liabilities preceding the Petition Date as well as all pending litigation against the Debtors generally were stayed. Following the Effective Date, actions to enforce or otherwise effect repayment of liabilities preceding the Petition Date, generally have been permanently enjoined. Any unresolved claims will continue to be subject to the claims reconciliation process under the supervision of the Bankruptcy Court. However, certain pending litigation related to pre-petition liabilities may proceed in courts other than the Bankruptcy Court to determine the amount, if any, of such litigation claims for purposes of treatment under the Plan. Pursuant to rulings of the Bankruptcy Court, the Plan established the Disputed Claims Reserve to hold shares of AAG Common Stock reserved for issuance to disputed claimholders at the Effective Date that ultimately become holders of allowed Single-Dip Unsecured Claims. The shares provided for under the Plan were determined based upon a Disputed Claims Reserve amount of claims of approximately $755 million, representing the maximum amount of additional distributions to subsequently allowed Single-Dip Unsecured Claims under the Plan. As of December 31, 2014, the Disputed Claims Reserve held 26.8 million shares of AAG Common Stock pending distribution of those shares in accordance with the Plan. On February 10, 2015, approximately 0.8 million shares of AAG Common Stock held in the Disputed Claims Reserve were distributed to holders of allowed Single-Dip Unsecured Claims, to holders of certain labor-related deemed claims, and to holders of certain non-management, non-union employee deemed claims as specified in the Plan, and American repurchased less than 0.1 million shares of AAG Common Stock for an aggregate of $4 million from the Disputed Claims Reserve at the then-prevailing market price in order to fund cash tax obligations resulting from this distribution. As of June 30, 2015, there were approximately 26.0 million shares of AAG Common Stock remaining in the Disputed Claims Reserve. On July 14, 2015, approximately 0.6 million shares of AAG Common Stock held in the Disputed Claims Reserve were distributed to holders of allowed Single-Dip Unsecured Claims, to holders of certain labor-related deemed claims, and to holders of certain non-management, non-union employee deemed claims as specified in the Plan, and American repurchased less than 0.1 million shares of AAG Common Stock for an aggregate of $2 million from the Disputed Claims Reserve at the then-prevailing market price in order to fund cash tax obligations resulting from this distribution. As disputed claims are resolved, the claimants will receive distributions of shares from the Disputed Claims Reserve on the same basis as if such distributions had been made on or about the Effective Date. However, American is not required to distribute additional shares above the limits contemplated by the Plan, even if the shares remaining for distribution are not sufficient to fully pay any additional allowed unsecured claims. To the extent that any of the reserved shares remain undistributed upon resolution of all remaining disputed claims, such shares will not be returned to AAG but rather will be distributed to former AMR shareholders as of the Effective Date. However, resolution of disputed claims could have a material effect on recoveries by holders of additional allowed Single-Dip Unsecured Claims under the Plan and the amount of additional share distributions, if any, that are made to former AMR shareholders as the total number of shares of AAG Common Stock that remain available for distribution upon resolution of disputed claims is limited pursuant to the Plan. There is also pending in the Bankruptcy Court an adversary proceeding relating to an action brought by American to seek a determination that certain non-pension, post-employee benefits (OPEB) are not vested benefits and thus may be modified or terminated without liability to American. On April 18, 2014, the Bankruptcy Court granted American’s motion for summary judgment with respect to certain non-union employees, concluding that their benefits were not vested and could be terminated. The summary judgment motion was denied with respect to all other retirees. The Bankruptcy Court has not yet scheduled a trial on the merits concerning whether those retirees’ benefits are vested, and American cannot predict whether it will receive relief from obligations to provide benefits to any of those retirees. American’s financial statements presently reflect these retirement programs without giving effect to any modification or termination of benefits that may ultimately be implemented based upon the outcome of this proceeding. Separately, both the Association of Professional Flight Attendants and Transport Workers Union have filed grievances asserting that American was “successful” in its Chapter 11 with respect to matters related to OPEB and, accordingly, by operation of the underlying collective bargaining agreements, American’s prior contributions to certain OPEB prefunding trusts attributable to active employees should be returned to those active employees. These amounts aggregate approximately $212 million. American has denied both grievances and intends to defend these matters vigorously. DOJ Civil Investigative Demand. In June 2015, American received a Civil Investigative Demand (CID) from the United States Department of Justice (DOJ) as part of an investigation into whether there have been illegal agreements or coordination of air passenger capacity. The CID seeks documents and other information from American, and other airlines have announced that they have received similar requests. American intends to cooperate fully with the DOJ investigation. In addition, subsequent to announcement of the delivery of CIDs by the DOJ, American, along with Delta Air Lines, Inc., Southwest Airlines Co., United Airlines, Inc. and, in the case of litigation filed in Canada, Air Canada, have been named as defendants in a number of putative class action lawsuits alleging unlawful agreements with respect to air passenger capacity. The U.S. lawsuits are the subject of multiple motions to consolidate them in a single forum. Both the DOJ process and these lawsuits are in their very early stages and American intends to defend the lawsuits vigorously. Private Party Antitrust Action. On July 2, 2013, a lawsuit captioned Carolyn Fjord, et al., v. US Airways Group, Inc., et al., was filed in the United States District Court for the Northern District of California. The complaint named as defendants US Airways Group and US Airways, and alleged that the effect of the Merger may be to substantially lessen competition or tend to create a monopoly in violation of Section 7 of the Clayton Antitrust Act. The relief sought in the complaint included an injunction against the Merger, or divestiture. On August 6, 2013, the plaintiffs re-filed their complaint in the Bankruptcy Court, adding AMR and American as defendants, and on October 2, 2013, dismissed the initial California action. The Bankruptcy Court denied plaintiffs’ motion to preliminarily enjoin the Merger. On January 10, 2014, the plaintiffs moved to amend their complaint to add additional factual allegations, a claim for money damages and a request for preliminary injunctive relief requiring the carriers to hold separate their assets. On March 14, 2014, the Court allowed plaintiffs to add certain allegations but denied plaintiffs’ requests to add a damages claim or seek preliminary injunctive relief requiring the carriers to hold separate their assets. On June 2, 2014, plaintiffs filed an amended motion for leave to file a second amended and supplemental complaint. On March 31, 2015, the Court denied plaintiffs’ motion. There is currently no trial date set. American believes this lawsuit is without merit and intends to vigorously defend against the allegations. General. American is also engaged in other legal proceedings from time to time. Legal proceedings can be complex and take many months, or even years, to reach resolution, with the final outcome depending on a number of variables, some of which are not within the control of American. Therefore, although American will vigorously defend itself in each of the actions described above and such other legal proceedings, their ultimate resolution and potential financial and other impacts on American are uncertain. |
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Financial Information for Subsidiary Guarantors and Non-guarantor Subsidiaries
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Information for Subsidiary Guarantors and Non-guarantor Subsidiaries | 14. Financial Information for Subsidiary Guarantors and Non-guarantor Subsidiaries There are various cross-guarantees among the Company, American, US Airways Group and US Airways with respect to publicly held debt securities. In connection with the Merger, the Company and American entered into a second supplemental indenture under which they jointly and severally guaranteed the payment obligations of US Airways Group under the 6.125% senior notes. In addition, on March 31, 2014, the Company, US Airways Group and US Airways entered into amended and restated guarantees of the payment obligations of US Airways under the equipment notes relating to each of its Series 2010-1, 2011-1, 2012-1, 2012-2 and 2013-1 Pass Through Certificates the result of which was to add AAG as a guarantor of such equipment notes on a joint and several basis with US Airways Group. In connection with the issuance of these guarantees, in accordance with Rule 3-10 of Regulation S-X and Rule 12h-5 under the Securities Exchange Act of 1934, as amended, US Airways Group and US Airways discontinued filing separate periodic and current reports with the SEC. As a result, in accordance with Rule 3-10, the Company is providing the following condensed consolidating financial information for the periods after Merger close for American Airlines Group (Parent Company Only), American, US Airways Group Parent, US Airways and all other non-guarantor subsidiaries, together with the consolidating adjustments necessary to present the Company’s results on a consolidated basis. AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING BALANCE SHEET (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING BALANCE SHEET (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (In millions)(Unaudited)
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Subsequent Events
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Jun. 30, 2015
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Subsequent Events | 15. Subsequent Events Share Repurchase Program and Dividend Declaration In July 2015, the Company announced that its Board of Directors had authorized a new $2.0 billion share repurchase program to be completed by the end of 2016. Shares repurchased under the program may be made through a variety of methods, which may include open market purchases, privately negotiated transactions, block trades or accelerated share repurchase transactions. Any such repurchases will be made from time to time subject to market and economic conditions, applicable legal requirements and other relevant factors. The program does not obligate the Company to repurchase any specific number of shares and may be suspended at any time at the Company’s discretion. Also in July 2015, the Company announced that its Board of Directors had declared a $0.10 per share dividend for shareholders of record on August 10, 2015, and payable on August 24, 2015. Any future dividends that may be declared and paid from time to time under the Company’s capital deployment program will be subject to market and economic conditions, applicable legal requirements and other relevant factors. The Company’s capital deployment program does not obligate it to continue a dividend for any fixed period, and payment of dividends may be suspended at any time at the Company’s discretion. Distribution of AAG Common Stock On July 14, 2015, approximately 0.6 million shares of AAG Common Stock held in the Disputed Claims Reserve were distributed to holders of allowed Single-Dip Unsecured Claims, to holders of certain labor-related deemed claims and to holders of certain non-management, non-union employee deemed claims as specified in the Plan, and 0.1 million shares were withheld or sold on account of related tax obligations. |
American Airlines, Inc. [Member]
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Subsequent Events | 13. Subsequent Events Distribution of AAG Common Stock On July 14, 2015, approximately 0.6 million shares of AAG Common Stock held in the Disputed Claims Reserve were distributed to holders of allowed Single-Dip Unsecured Claims, to holders of certain labor-related deemed claims and to holders of certain non-management, non-union employee deemed claims as specified in the Plan, and 0.1 million shares were withheld or sold on account of related tax obligations. |
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Transactions with Related Parties (American Airlines, Inc. [Member])
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American Airlines, Inc. [Member]
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Transactions with Related Parties | 11. Transactions with Related Parties The following represents the net payables to (receivables from) related parties (in millions):
Frequent Flyer Program In the first quarter of 2015, the US Airways Dividend Miles frequent flyer program was merged into American’s AAdvantage program. Accordingly, as of March 31, 2015, the related frequent flyer deferred revenue and incremental cost liability for the Dividend Miles program has been transferred to American with a corresponding intercompany receivable from US Airways recorded by American. No gain or loss was incurred from the transaction as the liabilities were transferred at their respective net book values. American’s intercompany receivable associated with the transfer of this obligation will be settled by US Airways through future redemptions by AAdvantage members on US Airways operated flights. For each of the three and six months ended June 30, 2015, $222 million of total operating revenues was allocated from American to US Airways in connection with redemptions by AAdvantage members on US Airways operated flights as well as certain marketing services. Allocated Expenses Until American and US Airways are merged into one legal entity, revenue and expenses will continue to be recorded by each entity based on either specific identification of the related transaction where applicable or appropriate allocations based on metrics that are systematic and rational. The operating expenses of American reflect allocated expenses for certain services shared with US Airways. These allocated expenses include certain selling expenses, certain airport operating expenses at co-located airports, information technology expenses and corporate management and support functions. Shared selling expenses have been allocated primarily based on the passenger revenue of each respective carrier. Shared airport operating expenses have been allocated based on American’s and US Airways’ respective departures at those airports. Shared other expenses have been allocated primarily based on American’s and US Airways’ respective available seat miles (ASMs). For the three and six months ended June 30, 2015, $247 million and $419 million of total net operating expenses, respectively, was allocated from American to US Airways. There were no material allocations recorded during the three and six months ended June 30, 2014. |
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Basis of Presentation (Policies)
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Jun. 30, 2015
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Basis of Presentation | The accompanying unaudited condensed consolidated financial statements of American Airlines Group Inc. (AAG or the Company) should be read in conjunction with the consolidated financial statements contained in AAG’s Annual Report on Form 10-K for the year ended December 31, 2014. The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Principal subsidiaries include American Airlines, Inc. (American) and US Airways Group, Inc. (US Airways Group). All significant intercompany transactions have been eliminated. On December 9, 2013 (the Effective Date), AMR Merger Sub, Inc. (Merger Sub) merged with and into US Airways Group (the Merger), with US Airways Group surviving as a wholly-owned subsidiary of AAG, a Delaware corporation (formerly known as AMR Corporation) following the Merger. “AMR” or “AMR Corporation” refers to the Company during the period of time prior to its emergence from Chapter 11 and the Effective Date of the Merger. Management believes that all adjustments necessary for the fair presentation of results, consisting of normally recurring items, have been included in the unaudited condensed consolidated financial statements for the interim periods presented. The preparation of financial statements in accordance with accounting principles generally accepted in the United States (GAAP) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The most significant areas of judgment relate to passenger revenue recognition, impairment of goodwill, impairment of long-lived and intangible assets, the frequent flyer program, pensions, retiree medical and other benefits and the deferred tax asset valuation allowance. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 completes the joint effort by the FASB and International Accounting Standards Board (IASB) to improve financial reporting by creating common revenue recognition guidance for GAAP and International Financial Reporting Standards (IFRS). ASU 2014-09 applies to all companies that enter into contracts with customers to transfer goods or services. ASU 2014-09 is effective for public entities for interim and annual reporting periods beginning after December 15, 2016. On July 9, 2015, the FASB deferred the effective date of this new standard to December 15, 2017 for public entities. Early application is permitted, but not before interim and annual reporting periods beginning after December 15, 2016. Entities have the choice to apply ASU 2014-09 either retrospectively to each reporting period presented or by recognizing the cumulative effect of applying ASU 2014-09 at the date of initial application and not adjusting comparative information. The Company is currently evaluating the requirements of ASU 2014-09 and has not yet determined its impact on the Company’s condensed consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” The update requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. Debt disclosures will include the face amount of the debt liability and the effective interest rate. The update requires retrospective application and represents a change in accounting principle. The update is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. ASU 2015-03 is not expected to have a material impact on the Company’s condensed consolidated financial statements. |
American Airlines, Inc. [Member]
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Basis of Presentation | The accompanying unaudited condensed consolidated financial statements of American Airlines, Inc. (American) should be read in conjunction with the consolidated financial statements contained in American’s Annual Report on Form 10-K for the year ended December 31, 2014. American is a wholly-owned subsidiary of American Airlines Group Inc. (AAG). All significant intercompany transactions have been eliminated. Management believes that all adjustments necessary for the fair presentation of results, consisting of normally recurring items, have been included in the unaudited condensed consolidated financial statements for the interim periods presented. The preparation of financial statements in accordance with accounting principles generally accepted in the United States (GAAP) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The most significant areas of judgment relate to passenger revenue recognition, impairment of long-lived and intangible assets, the frequent flyer program, pensions, retiree medical and other benefits and the deferred tax asset valuation allowance. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 completes the joint effort by the FASB and International Accounting Standards Board (IASB) to improve financial reporting by creating common revenue recognition guidance for GAAP and International Financial Reporting Standards (IFRS). ASU 2014-09 applies to all companies that enter into contracts with customers to transfer goods or services. ASU 2014-09 is effective for public entities for interim and annual reporting periods beginning after December 15, 2016. On July 9, 2015, the FASB deferred the effective date of this new standard to December 15, 2017 for public entities. Early application is permitted, but not before interim and annual reporting periods beginning after December 15, 2016. Entities have the choice to apply ASU 2014-09 either retrospectively to each reporting period presented or by recognizing the cumulative effect of applying ASU 2014-09 at the date of initial application and not adjusting comparative information. American is currently evaluating the requirements of ASU 2014-09 and has not yet determined its impact on American’s condensed consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” The update requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. Debt disclosures will include the face amount of the debt liability and the effective interest rate. The update requires retrospective application and represents a change in accounting principle. The update is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. ASU 2015-03 is not expected to have a material impact on American’s condensed consolidated financial statements. |
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Bankruptcy Settlement Obligations (Tables)
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6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
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Components of Bankruptcy Settlement Obligations | The components of bankruptcy settlement obligations on the condensed consolidated balance sheets are as follows (in millions):
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American Airlines, Inc. [Member]
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Components of Bankruptcy Settlement Obligations | The components of bankruptcy settlement obligations on the condensed consolidated balance sheets are as follows (in millions):
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Bankruptcy Settlement Obligations Table [Text Block] No definition available.
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Special Items (Tables)
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6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
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Components of Special Items, Net Included in Condensed Consolidated Statements of Operations | Special items, net on the condensed consolidated statements of operations are as follows (in millions):
The 2014 second quarter mainline operating special items totaled a net charge of $251 million, which principally included $163 million of merger integration expenses related to information technology, professional fees, severance, share-based compensation, re-branding of aircraft and airport facilities, relocation and training as well as a net $38 million charge for bankruptcy related items primarily consisting of fair value adjustments for bankruptcy settlement obligations and $37 million in charges related to the buyout of leases associated with certain aircraft. The 2014 six month period mainline operating special items totaled a net charge of $114 million, which principally included $365 million of merger integration expenses, $40 million in charges primarily related to the buyout of leases associated with certain aircraft and a net $5 million charge for bankruptcy related items, all as described above. These charges were offset in part by a $309 million gain on the sale of Slots at Ronald Reagan Washington National Airport. The following additional amounts are also included in the condensed consolidated statements of operations as follows (in millions):
The 2014 second quarter and six month period nonoperating special items were primarily due to non-cash interest accretion of $2 million and $33 million, respectively, on bankruptcy settlement obligations.
During the 2014 second quarter, the Company sold its portfolio of fuel hedging contracts that were scheduled to settle on or after June 30, 2014. In connection with this sale, the Company recorded a special non-cash tax provision of $330 million in the second quarter of 2014 that reversed the non-cash tax provision which was recorded in other comprehensive income (OCI), a subset of stockholders’ equity, principally in 2009. This provision represents the tax effect associated with gains recorded in OCI principally in 2009 due to a net increase in the fair value of the Company’s fuel hedging contracts. In accordance with GAAP, the Company retained the $330 million tax provision in OCI until the last contract was settled or terminated. In addition, the Company recorded a special $7 million non-cash deferred income tax provision related to certain indefinite-lived intangible assets in the 2014 second quarter. The 2014 six month period included the $330 million non-cash tax provision related to the settlement of fuel hedges discussed above as well as a special $15 million non-cash deferred income tax provision related to certain indefinite-lived intangible assets. |
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American Airlines, Inc. [Member]
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Components of Special Items, Net Included in Condensed Consolidated Statements of Operations | Special items, net on the condensed consolidated statements of operations are as follows (in millions):
The 2014 second quarter mainline operating special items totaled a net charge of $179 million, which principally included $99 million of merger integration expenses related to information technology, professional fees, severance, share-based compensation, re-branding of aircraft and airport facilities, relocation and training as well as a net $40 million charge for bankruptcy related items primarily consisting of fair value adjustments for bankruptcy settlement obligations and $26 million in charges related to the buyout of leases associated with certain aircraft. The 2014 six month period mainline operating special items totaled a net credit of $37 million, which principally included a $305 million gain on the sale of Slots at Ronald Reagan Washington National Airport and a net $16 million credit for bankruptcy related items as described above. These special credits were offset in part by $234 million of merger integration expenses as described above as well as $29 million in charges primarily related to the buyout of leases associated with certain aircraft. The following additional amounts are also included in the condensed consolidated statements of operations as follows (in millions):
The 2014 six month period nonoperating special charges of $40 million were primarily due to non-cash interest accretion on bankruptcy settlement obligations.
During the 2014 second quarter, American sold its portfolio of fuel hedging contracts that were scheduled to settle on or after June 30, 2014. In connection with this sale, American recorded a special non-cash tax provision of $328 million in the second quarter of 2014 that reversed the non-cash tax provision which was recorded in other comprehensive income (OCI), a subset of stockholder’s equity, principally in 2009. This provision represents the tax effect associated with gains recorded in OCI principally in 2009 due to a net increase in the fair value of American’s fuel hedging contracts. In accordance with GAAP, American retained the $328 million tax provision in OCI until the last contract was settled or terminated. In addition, American recorded a special $7 million non-cash deferred income tax provision related to certain indefinite-lived intangible assets in the 2014 second quarter. The 2014 six month period included the $328 million non-cash tax provision related to the settlement of fuel hedges discussed above as well as a special $14 million non-cash deferred income tax provision related to certain indefinite-lived intangible assets. |
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Earnings Per Share (Tables)
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Jun. 30, 2015
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Computation of Basic and Diluted Earnings per Share (EPS) | The following table sets forth the computation of basic and diluted earnings per share (EPS) (in millions, except share and per share amounts in thousands):
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Debt (Tables)
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6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
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Components of Long-Term Debt | Long-term debt and capital lease obligations included in the condensed consolidated balance sheets consisted of (in millions):
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American Airlines, Inc. [Member]
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Components of Long-Term Debt | Long-term debt and capital lease obligations included in the condensed consolidated balance sheets consisted of (in millions):
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Fair Value Measurements (Tables)
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Jun. 30, 2015
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Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis | Assets and liabilities measured at fair value on a recurring basis are summarized below (in millions):
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Schedule of Carrying Value and Estimated Fair Value of Long-Term Debt, Including Current Maturities | The carrying value and estimated fair value of the Company’s long-term debt, including current maturities, were as follows (in millions):
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American Airlines, Inc. [Member]
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Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis | Assets and liabilities measured at fair value on a recurring basis are summarized below (in millions):
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Schedule of Carrying Value and Estimated Fair Value of Long-Term Debt, Including Current Maturities | The carrying value and estimated fair value of American’s long-term debt, including current maturities, were as follows (in millions):
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Retirement Benefits (Tables)
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Jun. 30, 2015
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Components of Net Periodic Benefit Cost | The following tables provide the components of net periodic benefit cost (in millions):
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American Airlines, Inc. [Member]
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Components of Net Periodic Benefit Cost | The following tables provide the components of net periodic benefit cost (in millions):
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Accumulated Other Comprehensive Income (Loss) (Tables)
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Jun. 30, 2015
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Components of Accumulated Other Comprehensive Income (Loss) | The components of accumulated other comprehensive income (loss) (AOCI) are as follows (in millions):
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reclassification out of AOCI | Reclassifications out of AOCI for the three and six months ended June 30, 2015 and 2014 are as follows (in millions):
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
American Airlines, Inc. [Member]
|
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Components of Accumulated Other Comprehensive Income (Loss) | The components of accumulated other comprehensive income (loss) (AOCI) are as follows (in millions):
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reclassification out of AOCI | Reclassifications out of AOCI for the three and six months ended June 30, 2015 and 2014 are as follows (in millions):
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Regional Expenses (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
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Components of Regional Expenses | Regional expenses consist of the following (in millions):
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
American Airlines, Inc. [Member]
|
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Components of Regional Expenses | Regional expenses consist of the following (in millions):
|
X | ||||||||||
- Definition
Schedule Of Regional Operating Expenses Table Text Block No definition available.
|
Financial Information for Subsidiary Guarantors and Non-guarantor Subsidiaries (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
|
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Operations | AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (In millions)(Unaudited)
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Condensed Consolidating Statement of Comprehensive Income (Loss) | AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (In millions)(Unaudited)
|
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Condensed Consolidating Balance Sheet | AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING BALANCE SHEET (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING BALANCE SHEET (In millions)(Unaudited)
|
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Condensed Consolidating Statement of Cash Flows | AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (In millions)(Unaudited)
AMERICAN AIRLINES GROUP INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (In millions)(Unaudited)
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Transactions with Related Parties (Tables) (American Airlines, Inc. [Member])
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2015
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
American Airlines, Inc. [Member]
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Net Payables to (Receivables from) Related Parties | The following represents the net payables to (receivables from) related parties (in millions):
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Emergence from Chapter 11 and Merger with US Airways Group - Additional Information (Detail) (USD $)
|
0 Months Ended | 0 Months Ended | 3 Months Ended | 6 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 09, 2013
|
Jun. 30, 2015
|
Feb. 10, 2015
|
Dec. 31, 2014
|
Dec. 09, 2013
|
Jul. 14, 2015
Subsequent Event [Member]
|
Dec. 09, 2013
Series A Convertible Preferred Stock [Member]
|
Jun. 30, 2015
American Airlines, Inc. [Member]
|
Feb. 10, 2015
American Airlines, Inc. [Member]
|
Dec. 31, 2014
American Airlines, Inc. [Member]
|
Dec. 09, 2013
American Airlines, Inc. [Member]
|
Jul. 14, 2015
American Airlines, Inc. [Member]
Subsequent Event [Member]
|
Dec. 09, 2013
American Airlines, Inc. [Member]
Series A Convertible Preferred Stock [Member]
|
Dec. 09, 2013
American Airlines, Inc. [Member]
Maximum [Member]
|
Feb. 10, 2015
Common Stock [Member]
|
Jun. 30, 2015
Common Stock [Member]
|
Jun. 30, 2015
Common Stock [Member]
|
Feb. 10, 2015
Common Stock [Member]
|
Dec. 31, 2014
Common Stock [Member]
|
Dec. 09, 2013
Common Stock [Member]
|
Jul. 14, 2015
Common Stock [Member]
Subsequent Event [Member]
|
Jul. 14, 2015
Common Stock [Member]
Subsequent Event [Member]
|
Feb. 10, 2015
Common Stock [Member]
American Airlines, Inc. [Member]
|
Jun. 30, 2015
Common Stock [Member]
American Airlines, Inc. [Member]
|
Feb. 10, 2015
Common Stock [Member]
American Airlines, Inc. [Member]
|
Dec. 31, 2014
Common Stock [Member]
American Airlines, Inc. [Member]
|
Dec. 09, 2013
Common Stock [Member]
American Airlines, Inc. [Member]
|
Jul. 14, 2015
Common Stock [Member]
American Airlines, Inc. [Member]
Subsequent Event [Member]
|
Jul. 14, 2015
Common Stock [Member]
American Airlines, Inc. [Member]
Subsequent Event [Member]
|
Dec. 09, 2013
American Airlines Group [Member]
|
Dec. 31, 2014
American Airlines Group [Member]
|
Jun. 30, 2015
American Airlines Group [Member]
|
Dec. 09, 2013
American Airlines Group [Member]
|
Dec. 09, 2013
American Airlines Group [Member]
Maximum [Member]
|
Dec. 09, 2013
American Airlines Group [Member]
American Airlines, Inc. [Member]
|
Dec. 31, 2014
American Airlines Group [Member]
American Airlines, Inc. [Member]
|
|
Bankruptcy [Line Items] | ||||||||||||||||||||||||||||||||||||
Common stock, par value | $ 0.01 | $ 0.01 | $ 1.00 | $ 1.00 | $ 0.01 | $ 0.01 | ||||||||||||||||||||||||||||||
Common stock, shares authorized | 1,750,000,000 | 1,750,000,000 | 1,000 | 1,000 | 544,000,000 | 544,000,000 | 544,000,000 | |||||||||||||||||||||||||||||
Common stock, shares issued | 678,288,983 | 697,474,535 | 1,000 | 1,000 | 53,000,000 | 53,000,000 | ||||||||||||||||||||||||||||||
Preferred stock, shares issued | 168,000,000 | 168,000,000 | ||||||||||||||||||||||||||||||||||
Preferred stock, par or stated value per share | $ 0.01 | $ 0.01 | ||||||||||||||||||||||||||||||||||
Distributions made to holders | 0.0665 | 0.6776 | 0.0665 | 0.6776 | ||||||||||||||||||||||||||||||||
Single-Dip General Unsecured Claims | $ 159,000,000 | $ 248,000,000 | $ 2,500,000,000 | $ 2,500,000,000 | ||||||||||||||||||||||||||||||||
Double-Dip General Unsecured Claims | 2,500,000,000 | 2,500,000,000 | ||||||||||||||||||||||||||||||||||
Shares reserved for future issuance | 26,000,000 | 26,000,000 | 26,800,000 | 30,400,000 | 26,000,000 | 26,800,000 | 30,400,000 | |||||||||||||||||||||||||||||
Shares released from restriction and issued | 800,000 | 600,000 | 800,000 | 600,000 | 800,000 | 600,000 | 800,000 | 600,000 | ||||||||||||||||||||||||||||
Stock repurchased (in shares) | 100,000 | 17,300,000 | 21,100,000 | 100,000 | 100,000 | 100,000 | ||||||||||||||||||||||||||||||
Aggregate stock repurchase price | 4,000,000 | 753,000,000 | 943,000,000 | 2,000,000 | 4,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||
Merger common stock conversion ratio | 1 | |||||||||||||||||||||||||||||||||||
Percentage of common stock to holders of US Airways Group equity instruments | 28.00% | |||||||||||||||||||||||||||||||||||
Percentage of common stock to AMR claimholders and certain employees | 72.00% | |||||||||||||||||||||||||||||||||||
Federal NOL carryforwards, maximum allowable utilization | $ 9,000,000,000 | $ 9,500,000,000 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Business Combination, Common Stock Conversion Ratio No definition available.
|
X | ||||||||||
- Definition
Common Stock Shares Released From Restriction And Issued No definition available.
|
X | ||||||||||
- Definition
Equity Obligations Double Dip Unsecured Creditors No definition available.
|
X | ||||||||||
- Definition
Equity Obligations, Single-Dip Unsecured Creditors No definition available.
|
X | ||||||||||
- Definition
Net Operating Losses, Maximum Allowable Utilization No definition available.
|
X | ||||||||||
- Definition
Percentage of Common Stock to AMR Claimholders and Certain Employees No definition available.
|
X | ||||||||||
- Definition
Percentage of common stock to holders of US Airways group equity instruments. No definition available.
|
X | ||||||||||
- Definition
Weighted Average Number of Shares, Ratio for previous shareholders prior to Reorganization No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Bankruptcy Settlement Obligations - Components of Bankruptcy Settlement Obligations (Detail) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2015
|
Dec. 31, 2014
|
Dec. 09, 2013
|
---|---|---|---|
Bankruptcy Settlement Obligations [Line Items] | |||
Single-Dip Equity Obligations | $ 159 | $ 248 | $ 2,500 |
Labor-related deemed claim | 49 | 77 | |
Total | 208 | 325 | |
American Airlines, Inc. [Member]
|
|||
Bankruptcy Settlement Obligations [Line Items] | |||
Single-Dip Equity Obligations | 2,500 | ||
Single-Dip and Double-Dip Equity Obligations | 159 | 248 | |
Labor-related deemed claim | 49 | 77 | |
Total | $ 208 | $ 325 |
X | ||||||||||
- Definition
Bankruptcy settlement obligations. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Equity Obligations, Single-Dip and Double-Dip Unsecured Creditors No definition available.
|
X | ||||||||||
- Definition
Equity Obligations, Single-Dip Unsecured Creditors No definition available.
|
X | ||||||||||
- Definition
Labor Related Deemed Claim No definition available.
|
Bankruptcy Settlement Obligations - Additional Information (Detail) (USD $)
|
6 Months Ended | 6 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2015
|
Feb. 10, 2015
|
Dec. 31, 2014
|
Dec. 09, 2013
|
Jul. 14, 2015
Subsequent Event [Member]
|
Jun. 30, 2015
American Airlines, Inc. [Member]
|
Feb. 10, 2015
American Airlines, Inc. [Member]
|
Dec. 31, 2014
American Airlines, Inc. [Member]
|
Dec. 09, 2013
American Airlines, Inc. [Member]
|
Jul. 14, 2015
American Airlines, Inc. [Member]
Subsequent Event [Member]
|
|
Bankruptcy Settlement Obligations [Line Items] | ||||||||||
Single-Dip Equity Obligations | $ 159,000,000 | $ 248,000,000 | $ 2,500,000,000 | $ 2,500,000,000 | ||||||
Shares issued per $1,000 in reduction of allowed claims | 30.7553 | 30.7553 | ||||||||
Allowed claims including tax liabilities | 1,000 | 1,000 | ||||||||
Labor-related deemed claim | 1,500,000,000 | 1,500,000,000 | ||||||||
Labor-related deemed claim | 49,000,000 | 77,000,000 | 49,000,000 | 77,000,000 | ||||||
Shares released from restriction and issued | 800,000 | 600,000 | 800,000 | 600,000 | ||||||
Common stock shares withheld or sold related to tax obligations | 100,000 | 100,000 | ||||||||
Single-Dip and Double-Dip Equity Obligations | $ 159,000,000 | $ 248,000,000 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Common Stock Shares Released From Restriction And Issued No definition available.
|
X | ||||||||||
- Definition
Common stock shares withheld or sold related to tax obligations. No definition available.
|
X | ||||||||||
- Definition
Equity Obligations, Shares Issued per Thousand Dollars in Reduction of Allowed Claims No definition available.
|
X | ||||||||||
- Definition
Equity Obligations, Single-Dip and Double-Dip Unsecured Creditors No definition available.
|
X | ||||||||||
- Definition
Equity Obligations, Single-Dip Unsecured Creditors No definition available.
|
X | ||||||||||
- Definition
Labor Related Deemed Claim No definition available.
|
X | ||||||||||
- Definition
Reorganization Items, Labor-related Deemed Claim No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Special Items - Components of Special Items, Net Included in Condensed Consolidated Statements of Operations (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
|
Restructuring Cost and Reserve [Line Items] | ||||
Mainline operating special items, net | $ 144 | $ 251 | $ 447 | $ 114 |
Nonoperating special items, net | (11) | 2 | (19) | 50 |
Income tax special items, net | 7 | 337 | 16 | 345 |
Regional Operating Special Items, Net [Member]
|
||||
Restructuring Cost and Reserve [Line Items] | ||||
Mainline operating special items, net | 10 | 2 | 18 | 6 |
American Airlines, Inc. [Member]
|
||||
Restructuring Cost and Reserve [Line Items] | ||||
Mainline operating special items, net | 74 | 179 | 272 | (37) |
Nonoperating special items, net | 11 | (4) | 3 | 40 |
Income tax special items, net | 7 | 335 | 15 | 342 |
American Airlines, Inc. [Member] | Regional Operating Special Items, Net [Member]
|
||||
Restructuring Cost and Reserve [Line Items] | ||||
Mainline operating special items, net | $ 1 | $ 1 | $ 4 | $ 2 |
X | ||||||||||
- Definition
Income taxes special items net. No definition available.
|
X | ||||||||||
- Definition
Nonoperating net expenses (credits) recognized in the period that are infrequent in occurrence or unusual in nature. No definition available.
|
X | ||||||||||
- Definition
Significant and non-routine operating expenses (credits) such as asset impairments and restructuring charges that may not be an indicator of future cash flows. No definition available.
|
X | ||||||||||
- Details
|
Special Items - Components of Special Items, Net Included in Condensed Consolidated Statements of Operations (Parenthetical) (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | |||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
Secured Debt Member]
|
Jun. 30, 2015
Secured Debt Member]
|
Jun. 30, 2014
Fuel Hedging Contracts [Member]
|
Jun. 30, 2014
Fuel Hedging Contracts [Member]
|
Jun. 30, 2015
American Airlines, Inc. [Member]
|
Jun. 30, 2014
American Airlines, Inc. [Member]
|
Jun. 30, 2015
American Airlines, Inc. [Member]
|
Jun. 30, 2014
American Airlines, Inc. [Member]
|
Jun. 30, 2015
American Airlines, Inc. [Member]
Secured Debt Member]
|
Jun. 30, 2014
American Airlines, Inc. [Member]
Fuel Hedging Contracts [Member]
|
Jun. 30, 2014
American Airlines, Inc. [Member]
Fuel Hedging Contracts [Member]
|
Mar. 31, 2015
AAdvantage Loan [Member]
Secured Debt Member]
|
Jun. 30, 2015
AAdvantage Loan [Member]
Secured Debt Member]
|
Mar. 31, 2015
AAdvantage Loan [Member]
American Airlines, Inc. [Member]
Secured Debt Member]
|
Jun. 30, 2015
AAdvantage Loan [Member]
American Airlines, Inc. [Member]
Secured Debt Member]
|
|
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||
Mainline operating special items, net | $ 144 | $ 251 | $ 447 | $ 114 | $ 74 | $ 179 | $ 272 | $ (37) | |||||||||||
Integration related costs | 221 | 163 | 437 | 365 | 137 | 99 | 285 | 234 | |||||||||||
Net contract charges | 99 | 64 | |||||||||||||||||
Fair value adjustments for bankruptcy settlement obligations | (68) | 38 | (73) | 5 | (68) | 40 | (73) | (16) | |||||||||||
Equipment lease buyout charges | 37 | 40 | 26 | 29 | |||||||||||||||
Gain related to sale of DCA slots | 309 | 305 | |||||||||||||||||
Nonoperating special items, net | (11) | (19) | 11 | 3 | |||||||||||||||
Gain on sale of investment | 22 | 22 | |||||||||||||||||
Write off of unamortized debt discount and debt issuance costs | 11 | 20 | 20 | ||||||||||||||||
Early debt extinguishment gain | 17 | 17 | 17 | 17 | |||||||||||||||
Non cash interest accretion, bankruptcy settlement obligations | 2 | 33 | 40 | ||||||||||||||||
Non-cash tax provision on sale of fuel hedging contracts | 330 | 330 | 328 | 328 | |||||||||||||||
Non-cash deferred income tax provision | $ 7 | $ 7 | $ 16 | $ 15 | $ 7 | $ 7 | $ 15 | $ 14 |
X | ||||||||||
- Definition
Accretion Expense, Bankruptcy Settlement Obligations No definition available.
|
X | ||||||||||
- Definition
Charges related to new pilot collectively bargaining agreement, net. No definition available.
|
X | ||||||||||
- Definition
Increase (Decrease) in Fair Value, Bankruptcy Settlement Obligations No definition available.
|
X | ||||||||||
- Definition
Non Cash Deferred Tax No definition available.
|
X | ||||||||||
- Definition
Other nonoperating nonrecurring expense benefit net. No definition available.
|
X | ||||||||||
- Definition
Significant and non-routine operating expenses (credits) such as asset impairments and restructuring charges that may not be an indicator of future cash flows. No definition available.
|
X | ||||||||||
- Definition
Special Charges, Equipment Lease Buyout Charges No definition available.
|
X | ||||||||||
- Definition
Write Off Of Debt Discount And Debt Issuance Cost No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Earnings per Share - Computation of Basic and Diluted Earnings per Share (EPS) (Detail) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
|
Basic EPS: | ||||
Net income | $ 1,704 | $ 864 | $ 2,636 | $ 1,343 |
Weighted-average common shares outstanding | 688,727 | 720,600 | 692,571 | 722,286 |
Basic EPS | $ 2.47 | $ 1.20 | $ 3.81 | $ 1.86 |
Diluted EPS: | ||||
Net income | 1,704 | 864 | 2,636 | 1,343 |
Change in fair value of conversion feature on 7.25% convertible senior notes | (2) | 3 | ||
Net income for purposes of computing diluted EPS | $ 1,704 | $ 862 | $ 2,636 | $ 1,346 |
Share computation for diluted earnings per share (in thousands): | ||||
Weighted-average shares outstanding | 688,727 | 720,600 | 692,571 | 722,286 |
Dilutive effect of stock awards | 18,884 | 14,167 | 19,699 | 13,850 |
Assumed conversion of convertible senior notes | 1,915 | |||
Weighted average common shares outstanding | 707,611 | 734,767 | 712,270 | 738,051 |
Diluted EPS | $ 2.41 | $ 1.17 | $ 3.70 | $ 1.82 |
Stock options, SARs and RSUs because inclusion would be antidilutive | 905 | 582 | 453 | 307 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Earnings per Share - Computation of Basic and Diluted Earnings per Share (EPS) (Parenthetical) (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2014
|
Jun. 30, 2014
|
Jun. 30, 2014
Convertible Senior Notes, 7.25, Due in 2014 [Member]
|
Mar. 31, 2014
Convertible Senior Notes, 7.25, Due in 2014 [Member]
|
|
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Debt instrument, stated interest rate percentage | 7.25% | 7.25% | ||
Change in net income for purposes of computing diluted earnings per share | $ (2) | $ 3 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Share Repurchase Program and Dividend - Additional Information (Detail) (USD $)
Share data in Millions, except Per Share data, unless otherwise specified |
0 Months Ended | 1 Months Ended | 3 Months Ended | 6 Months Ended | 0 Months Ended | 3 Months Ended | 6 Months Ended | |
---|---|---|---|---|---|---|---|---|
Jan. 27, 2015
|
Apr. 30, 2015
|
Jun. 30, 2015
|
Jun. 30, 2015
|
Jan. 27, 2015
|
Feb. 10, 2015
Common Stock [Member]
|
Jun. 30, 2015
Common Stock [Member]
|
Jun. 30, 2015
Common Stock [Member]
|
|
Equity, Class of Treasury Stock [Line Items] | ||||||||
Stock repurchase program, new authorized amount | $ 2,000,000,000 | |||||||
Share repurchase program completion date | Dec. 31, 2016 | Dec. 31, 2016 | ||||||
Stock repurchased (in shares) | 0.1 | 17.3 | 21.1 | |||||
Aggregate stock repurchase price | 4,000,000 | 753,000,000 | 943,000,000 | |||||
Average cost per share | $ 43.53 | $ 44.60 | ||||||
Cash dividends declared per common share | $ 0.10 | $ 0.10 | $ 0.10 | $ 0.20 | ||||
Dividends payable, record date | Feb. 09, 2015 | May 04, 2015 | ||||||
Dividends payable, payable date | Feb. 23, 2015 | May 18, 2015 | ||||||
Total cash payment for dividends | $ 70,000,000 | $ 140,000,000 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Debt - Components of Long-Term Debt (Parenthetical) (Detail)
|
6 Months Ended | 6 Months Ended | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2015
2013 Credit Facilities [Member]
Secured Debt Member]
|
Jun. 30, 2015
2013 Credit Facilities [Member]
American Airlines, Inc. [Member]
Secured Debt Member]
|
Jun. 30, 2015
2014 Credit Facilities [Member]
Secured Debt Member]
|
Jun. 30, 2015
2014 Credit Facilities [Member]
American Airlines, Inc. [Member]
Secured Debt Member]
|
Jun. 30, 2015
Credit Facility, Tranche B-1, Citicorp 2013 [Member]
Secured Debt Member]
|
Jun. 30, 2015
Credit Facility, Tranche B-2, Citicorp 2013 [Member]
Secured Debt Member]
|
Jun. 30, 2015
Enhanced Equipment Trust Certificates [Member]
Secured Debt Member]
|
Jun. 30, 2015
Enhanced Equipment Trust Certificates [Member]
American Airlines, Inc. [Member]
Secured Debt Member]
|
Jun. 30, 2015
Equipment Loans and Other Notes Payable [Member]
Secured Debt Member]
|
Jun. 30, 2015
Equipment Loans and Other Notes Payable [Member]
American Airlines, Inc. [Member]
Secured Debt Member]
|
Jun. 30, 2015
Special Facility Revenue Bonds [Member]
Secured Debt Member]
|
Jun. 30, 2015
Special Facility Revenue Bonds [Member]
American Airlines, Inc. [Member]
Secured Debt Member]
|
Dec. 31, 2014
AAdvantage Loan [Member]
Secured Debt Member]
|
Dec. 31, 2014
AAdvantage Loan [Member]
American Airlines, Inc. [Member]
Secured Debt Member]
|
Jun. 30, 2015
Other Secured Obligations, Fixed Rate [Member]
Secured Debt Member]
|
Jun. 30, 2015
Other Secured Obligations, Fixed Rate [Member]
American Airlines, Inc. [Member]
Secured Debt Member]
|
Jun. 30, 2015
Senior Notes, 5.50, Due in 2019 [Member]
Unsecured Debt [Member]
|
Jun. 30, 2015
Senior Notes, 6.125, Due in 2018 [Member]
Unsecured Debt [Member]
|
Jun. 30, 2015
Senior Notes, 4.625, Due in 2020 [Member]
Unsecured Debt [Member]
|
Mar. 31, 2015
Senior Notes, 4.625, Due in 2020 [Member]
Unsecured Debt [Member]
|
|
Debt Instrument [Line Items] | ||||||||||||||||||||
Debt instrument, stated interest rate percentage | 5.50% | 6.125% | 4.625% | 4.625% | ||||||||||||||||
Debt instrument, maturity date | 2020 | 2020 | 2021 | 2021 | 2019 | 2016 | 2019 | 2018 | 2020 | |||||||||||
Interest rate at end of period | 3.25% | 3.25% | 3.50% | 3.50% | 3.50% | 3.00% | ||||||||||||||
Fixed and variable interest rates, minimum | 3.38% | 3.38% | 1.50% | 1.50% | 5.00% | 5.00% | 3.60% | 4.19% | ||||||||||||
Fixed and variable interest rates, maximum | 9.75% | 7.00% | 8.48% | 8.10% | 8.50% | 8.50% | 12.24% | 12.24% | ||||||||||||
Debt instrument, maturity date range, start | 2015 | 2017 | 2015 | 2015 | 2016 | 2016 | 2015 | 2015 | ||||||||||||
Debt instrument, maturity date range, end | 2027 | 2027 | 2027 | 2027 | 2035 | 2035 | 2028 | 2028 | ||||||||||||
Interest rate at end of period | 8.30% | 8.30% |
X | ||||||||||
- Definition
Debt instrument maturity range end. No definition available.
|
X | ||||||||||
- Definition
Debt instrument maturity range start. No definition available.
|
X | ||||||||||
- Definition
Debt instruments maturity year. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Debt - Additional Information (Detail) (USD $)
|
6 Months Ended | 1 Months Ended | 6 Months Ended | 0 Months Ended | 6 Months Ended | 0 Months Ended | 6 Months Ended | 6 Months Ended | 6 Months Ended | 6 Months Ended | 0 Months Ended | 3 Months Ended | 6 Months Ended | 0 Months Ended | 3 Months Ended | 6 Months Ended | 6 Months Ended | 0 Months Ended | 3 Months Ended | 6 Months Ended | 0 Months Ended | 6 Months Ended | 0 Months Ended | 3 Months Ended | 6 Months Ended | 0 Months Ended | 3 Months Ended | 6 Months Ended | 0 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 0 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2015
|
Dec. 31, 2014
|
Jun. 30, 2015
American Airlines, Inc. [Member]
|
Dec. 31, 2014
American Airlines, Inc. [Member]
|
Jun. 30, 2015
Equipment Notes [Member]
|
Jun. 30, 2015
Equipment Notes [Member]
American Airlines, Inc. [Member]
|
Mar. 31, 2015
Unsecured Debt [Member]
Senior Notes, 4.625, Due in 2020 [Member]
|
Jun. 30, 2015
Unsecured Debt [Member]
Senior Notes, 4.625, Due in 2020 [Member]
|
Jun. 30, 2015
Enhanced Equipment Trust Certificates [Member]
Equipment Notes [Member]
|
Jun. 30, 2015
Enhanced Equipment Trust Certificates [Member]
Equipment Notes [Member]
Aircraft
|
Mar. 31, 2015
Enhanced Equipment Trust Certificates [Member]
Equipment Notes [Member]
Aircraft
|
Jun. 30, 2015
Enhanced Equipment Trust Certificates [Member]
Equipment Notes [Member]
American Airlines, Inc. [Member]
|
Jun. 30, 2015
Enhanced Equipment Trust Certificates [Member]
Equipment Notes [Member]
American Airlines, Inc. [Member]
Aircraft
|
Mar. 31, 2015
Enhanced Equipment Trust Certificates [Member]
Equipment Notes [Member]
American Airlines, Inc. [Member]
Aircraft
|
Jun. 30, 2015
Enhanced Equipment Trust Certificates [Member]
2015 Equipment Notes, Series A [Member]
|
Jun. 30, 2015
Enhanced Equipment Trust Certificates [Member]
2015 Equipment Notes, Series B [Member]
|
Jun. 30, 2015
Enhanced Equipment Trust Certificates [Member]
2014 Equipment Notes, Series A [Member]
American Airlines, Inc. [Member]
|
Jun. 30, 2015
Enhanced Equipment Trust Certificates [Member]
2014 Equipment Notes, Series B [Member]
American Airlines, Inc. [Member]
|
Jun. 30, 2015
Secured Debt Member]
Other Aircraft Financing Transaction [Member]
|
Jun. 30, 2015
Secured Debt Member]
Other Aircraft Financing Transaction [Member]
Minimum [Member]
|
Jun. 30, 2015
Secured Debt Member]
Other Aircraft Financing Transaction [Member]
Maximum [Member]
|
Jun. 30, 2015
Secured Debt Member]
Other Aircraft Financing Transaction [Member]
American Airlines, Inc. [Member]
|
Jun. 30, 2015
Secured Debt Member]
Other Aircraft Financing Transaction [Member]
American Airlines, Inc. [Member]
Minimum [Member]
|
Jun. 30, 2015
Secured Debt Member]
Other Aircraft Financing Transaction [Member]
American Airlines, Inc. [Member]
Maximum [Member]
|
Jun. 30, 2015
Secured Debt Member]
2013 Credit Facilities [Member]
|
Jun. 30, 2015
Secured Debt Member]
2013 Credit Facilities [Member]
American Airlines, Inc. [Member]
|
Jun. 30, 2015
Secured Debt Member]
2013 Credit Facilities [Member]
Term Loan Facility [Member]
|
May 21, 2015
Secured Debt Member]
2013 Credit Facilities [Member]
Term Loan Facility [Member]
|
May 21, 2015
Secured Debt Member]
2013 Credit Facilities [Member]
Term Loan Facility [Member]
LIBOR [Member]
|
Mar. 31, 2015
Secured Debt Member]
2013 Credit Facilities [Member]
Term Loan Facility [Member]
LIBOR [Member]
|
Jun. 30, 2015
Secured Debt Member]
2013 Credit Facilities [Member]
Term Loan Facility [Member]
LIBOR [Member]
|
Jun. 30, 2015
Secured Debt Member]
2013 Credit Facilities [Member]
Term Loan Facility [Member]
American Airlines, Inc. [Member]
|
May 21, 2015
Secured Debt Member]
2013 Credit Facilities [Member]
Term Loan Facility [Member]
American Airlines, Inc. [Member]
|
May 21, 2015
Secured Debt Member]
2013 Credit Facilities [Member]
Term Loan Facility [Member]
American Airlines, Inc. [Member]
LIBOR [Member]
|
Mar. 31, 2015
Secured Debt Member]
2013 Credit Facilities [Member]
Term Loan Facility [Member]
American Airlines, Inc. [Member]
LIBOR [Member]
|
Jun. 30, 2015
Secured Debt Member]
2013 Credit Facilities [Member]
Term Loan Facility [Member]
American Airlines, Inc. [Member]
LIBOR [Member]
|
May 21, 2015
Secured Debt Member]
2013 Credit Facilities [Member]
Revolving Credit Facility [Member]
|
May 21, 2015
Secured Debt Member]
2013 Credit Facilities [Member]
Revolving Credit Facility [Member]
American Airlines, Inc. [Member]
|
Jun. 30, 2015
Secured Debt Member]
2014 Credit Facilities [Member]
|
Jun. 30, 2015
Secured Debt Member]
2014 Credit Facilities [Member]
American Airlines, Inc. [Member]
|
Apr. 20, 2015
Secured Debt Member]
2014 Credit Facilities [Member]
Term Loan Facility [Member]
|
Apr. 20, 2015
Secured Debt Member]
2014 Credit Facilities [Member]
Term Loan Facility [Member]
LIBOR [Member]
|
Mar. 31, 2015
Secured Debt Member]
2014 Credit Facilities [Member]
Term Loan Facility [Member]
LIBOR [Member]
|
Jun. 30, 2015
Secured Debt Member]
2014 Credit Facilities [Member]
Term Loan Facility [Member]
LIBOR [Member]
|
Apr. 20, 2015
Secured Debt Member]
2014 Credit Facilities [Member]
Term Loan Facility [Member]
American Airlines, Inc. [Member]
|
Apr. 20, 2015
Secured Debt Member]
2014 Credit Facilities [Member]
Term Loan Facility [Member]
American Airlines, Inc. [Member]
LIBOR [Member]
|
Apr. 19, 2015
Secured Debt Member]
2014 Credit Facilities [Member]
Term Loan Facility [Member]
American Airlines, Inc. [Member]
LIBOR [Member]
|
Jun. 30, 2015
Secured Debt Member]
2014 Credit Facilities [Member]
Term Loan Facility [Member]
American Airlines, Inc. [Member]
LIBOR [Member]
|
Apr. 20, 2015
Secured Debt Member]
2014 Credit Facilities [Member]
Revolving Credit Facility [Member]
|
Apr. 20, 2015
Secured Debt Member]
2014 Credit Facilities [Member]
Revolving Credit Facility [Member]
American Airlines, Inc. [Member]
|
Jan. 02, 2015
Secured Debt Member]
AAdvantage Loan [Member]
|
Mar. 31, 2015
Secured Debt Member]
AAdvantage Loan [Member]
|
Jun. 30, 2015
Secured Debt Member]
AAdvantage Loan [Member]
|
Jan. 02, 2015
Secured Debt Member]
AAdvantage Loan [Member]
American Airlines, Inc. [Member]
|
Mar. 31, 2015
Secured Debt Member]
AAdvantage Loan [Member]
American Airlines, Inc. [Member]
|
Jun. 30, 2015
Secured Debt Member]
AAdvantage Loan [Member]
American Airlines, Inc. [Member]
|
Jun. 30, 2015
Secured Debt Member]
Special Facility Revenue Bonds [Member]
|
Dec. 31, 2014
Secured Debt Member]
Special Facility Revenue Bonds [Member]
Tulsa International Airport [Member]
|
Jun. 30, 2015
Secured Debt Member]
Special Facility Revenue Bonds [Member]
Tulsa International Airport [Member]
|
Dec. 31, 2014
Secured Debt Member]
Special Facility Revenue Bonds [Member]
Tulsa International Airport [Member]
|
May 27, 2015
Secured Debt Member]
Special Facility Revenue Bonds [Member]
Tulsa International Airport [Member]
|
Jun. 30, 2015
Secured Debt Member]
Special Facility Revenue Bonds [Member]
American Airlines, Inc. [Member]
|
Dec. 31, 2014
Secured Debt Member]
Special Facility Revenue Bonds [Member]
American Airlines, Inc. [Member]
Tulsa International Airport [Member]
|
Jun. 30, 2015
Secured Debt Member]
Special Facility Revenue Bonds [Member]
American Airlines, Inc. [Member]
Tulsa International Airport [Member]
|
Dec. 31, 2014
Secured Debt Member]
Special Facility Revenue Bonds [Member]
American Airlines, Inc. [Member]
Tulsa International Airport [Member]
|
May 27, 2015
Secured Debt Member]
Special Facility Revenue Bonds [Member]
American Airlines, Inc. [Member]
Tulsa International Airport [Member]
|
|
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Line of credit facility, maximum borrowing capacity | $ 1,900,000,000 | $ 1,900,000,000 | $ 1,400,000,000 | $ 1,400,000,000 | $ 400,000,000 | $ 400,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term loan facility maturity date | Jun. 29, 2020 | Jun. 29, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, basis spread on variable rate | 2.75% | 3.00% | 2.50% | 2.75% | 3.00% | 2.50% | 3.00% | 3.50% | 2.75% | 3.00% | 3.50% | 2.75% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Refinancing of credit facilities | 750,000,000 | 750,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal amount | 500,000,000 | 1,200,000,000 | 1,200,000,000 | 112,000,000 | 112,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of owned aircraft | 28 | 28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes payable | 796,000,000 | 223,000,000 | 796,000,000 | 223,000,000 | 465,000,000 | 389,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Remaining escrowed proceeds | 195,000,000 | 195,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total escrowed proceeds | 1,000,000,000 | 1,000,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, stated interest rate percentage | 4.625% | 4.625% | 3.375% | 3.70% | 3.375% | 3.70% | 5.00% | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, maturity date | 2027-05 | 2023-05 | 2027-05 | 2023-05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of aircraft secured by liens | 19 | 19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of aircraft delivered | 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Redemption price percentage | 101.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, expiration date | Mar. 01, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayment of loan outstanding | 400,000,000 | 400,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Early debt extinguishment gain | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reduction of debt | 11,000,000 | 11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reduction of long-term operating lease obligation | 50,000,000 | 50,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate principal amount of debt exercised | 104,000,000 | 104,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, subject to mandatory tender for purchase date | Aug. 01, 2016 | Jun. 01, 2025 | Aug. 01, 2016 | Jun. 01, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, received cash proceeds | 112,000,000 | 112,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other liabilities | 62,000,000 | 62,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other long-term liabilities | 3,604,000,000 | 3,403,000,000 | 2,642,000,000 | 2,344,000,000 | 51,000,000 | 51,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital lease obligation | 11,000,000 | 11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate principal amount of debt exercised to reset interest rate | 365,000,000 | 365,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of long-term debt | $ 72,000,000 | $ 72,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, maturity date | 2020 | 2025 | 2027 | 2025 | 2027 | 2020 | 2020 | 2021 | 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of aircraft remaining to be delivered | 9 |
X | ||||||||||
- Definition
Debt instrument amount exercised option to remarket. No definition available.
|
X | ||||||||||
- Definition
Debt instrument, amount reset. No definition available.
|
X | ||||||||||
- Definition
Debt instrument maturities month year. No definition available.
|
X | ||||||||||
- Definition
Debt instruments maturity year. No definition available.
|
X | ||||||||||
- Definition
Debt instrument subject to mandatory tender date. No definition available.
|
X | ||||||||||
- Definition
Escrow Proceeds No definition available.
|
X | ||||||||||
- Definition
Increase (decrease) in operating lease obligation. No definition available.
|
X | ||||||||||
- Definition
Number of aircraft delivered. No definition available.
|
X | ||||||||||
- Definition
Number Of Aircraft Remaining To Be Delivered No definition available.
|
X | ||||||||||
- Definition
Number of aircrafts secured by liens. No definition available.
|
X | ||||||||||
- Definition
Number of owned aircraft. No definition available.
|
X | ||||||||||
- Definition
Other liabilities and capital lease obligations. No definition available.
|
X | ||||||||||
- Definition
Remaining Escrowed Proceeds No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Income Taxes - Additional Information (Detail) (USD $)
|
3 Months Ended | 6 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
Dec. 31, 2014
|
Dec. 09, 2013
|
|
Income Taxes [Line Items] | ||||||
Unrecognized federal tax benefit | $ 867,000,000 | |||||
Federal NOL carryforwards, maximum allowable utilization | 9,000,000,000 | |||||
Alternative minimum tax credit carryforwards | 341,000,000 | |||||
Non-cash deferred income tax provision | 7,000,000 | 7,000,000 | 16,000,000 | 15,000,000 | ||
State and international tax expense | 8,000,000 | 3,000,000 | 10,000,000 | 8,000,000 | ||
Fuel Hedging Contracts [Member]
|
||||||
Income Taxes [Line Items] | ||||||
Non-cash tax provision on sale of fuel hedging contracts | 330,000,000 | 330,000,000 | ||||
American Airlines, Inc. [Member]
|
||||||
Income Taxes [Line Items] | ||||||
Unrecognized federal tax benefit | 712,000,000 | |||||
Federal NOL carryforwards, maximum allowable utilization | 9,500,000,000 | |||||
Alternative minimum tax credit carryforwards | 435,000,000 | |||||
Non-cash deferred income tax provision | 7,000,000 | 7,000,000 | 15,000,000 | 14,000,000 | ||
State and international tax expense | 4,000,000 | 1,000,000 | 4,000,000 | 5,000,000 | ||
American Airlines, Inc. [Member] | Fuel Hedging Contracts [Member]
|
||||||
Income Taxes [Line Items] | ||||||
Non-cash tax provision on sale of fuel hedging contracts | 328,000,000 | 328,000,000 | ||||
Internal Revenue Service (IRS) [Member]
|
||||||
Income Taxes [Line Items] | ||||||
NOL subject to expiration | 10,100,000,000 | |||||
Valuation allowance | 4,500,000,000 | |||||
Internal Revenue Service (IRS) [Member] | American Airlines, Inc. [Member]
|
||||||
Income Taxes [Line Items] | ||||||
NOL subject to expiration | 10,300,000,000 | |||||
Valuation allowance | 5,100,000,000 | |||||
State and Local Jurisdiction [Member]
|
||||||
Income Taxes [Line Items] | ||||||
NOL subject to expiration | 4,600,000,000 | |||||
NOL carryforwards expiration year, range start | 2015 | |||||
NOL carryforwards expiration year, range end | 2034 | |||||
Valuation allowance | 264,000,000 | |||||
State and Local Jurisdiction [Member] | American Airlines, Inc. [Member]
|
||||||
Income Taxes [Line Items] | ||||||
NOL subject to expiration | 3,900,000,000 | |||||
NOL carryforwards expiration year, range start | 2015 | |||||
NOL carryforwards expiration year, range end | 2034 | |||||
Valuation allowance | 208,000,000 | |||||
State and Local Jurisdiction [Member] | American Airlines, Inc. [Member] | Available for use in 2015 [Member]
|
||||||
Income Taxes [Line Items] | ||||||
NOL subject to expiration | 4,600,000,000 | |||||
Federal [Member]
|
||||||
Income Taxes [Line Items] | ||||||
NOL carryforwards expiration year | 2022 | |||||
Federal [Member] | American Airlines, Inc. [Member]
|
||||||
Income Taxes [Line Items] | ||||||
NOL carryforwards expiration year | 2022 | |||||
Federal [Member] | American Airlines, Inc. [Member] | Available for use in 2015 [Member]
|
||||||
Income Taxes [Line Items] | ||||||
NOL subject to expiration | $ 10,100,000,000 |
X | ||||||||||
- Definition
Current State and Foreign Tax Expense (Benefit) No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Net Operating Losses, Maximum Allowable Utilization No definition available.
|
X | ||||||||||
- Definition
Non Cash Deferred Tax No definition available.
|
X | ||||||||||
- Definition
Operating Loss Carryforwards Expiration Year No definition available.
|
X | ||||||||||
- Definition
Operating loss carryforwards expiration year range end. No definition available.
|
X | ||||||||||
- Definition
Operating loss carryforwards expiration year range start. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Fair Value of Assets and Liabilities Measured on Recurring Basis No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Fair Value Measurements - Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis (Parenthetical) (Detail) (Maturity Dates Exceeding One Year [Member], USD $)
In Millions, unless otherwise specified |
Jun. 30, 2015
|
---|---|
Corporate Obligations [Member]
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Short-term investments | $ 1,000 |
Bank Notes / Certificates of Deposit / Time Deposits [Member]
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Short-term investments | 1,600 |
American Airlines, Inc. [Member] | Corporate Obligations [Member]
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Short-term investments | 424 |
American Airlines, Inc. [Member] | Bank Notes / Certificates of Deposit / Time Deposits [Member]
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Short-term investments | $ 1,300 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Fair Value Measurements - Additional Information (Detail)
|
6 Months Ended | 6 Months Ended | 6 Months Ended | 6 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2015
USD ($)
|
Jun. 30, 2015
American Airlines, Inc. [Member]
USD ($)
|
Jun. 30, 2015
Venezuelan [Member]
Cash and Cash Equivalents [Member]
USD ($)
|
Jun. 30, 2015
Venezuelan [Member]
Cash and Cash Equivalents [Member]
American Airlines, Inc. [Member]
USD ($)
|
Jun. 30, 2015
Venezuelan [Member]
6.3 Bolivars per Dollar [Member]
Cash and Cash Equivalents [Member]
USD ($)
|
Jun. 30, 2015
Venezuelan [Member]
6.3 Bolivars per Dollar [Member]
Cash and Cash Equivalents [Member]
VEF
|
Jun. 30, 2015
Venezuelan [Member]
6.3 Bolivars per Dollar [Member]
Cash and Cash Equivalents [Member]
American Airlines, Inc. [Member]
USD ($)
|
Jun. 30, 2015
Venezuelan [Member]
6.3 Bolivars per Dollar [Member]
Cash and Cash Equivalents [Member]
American Airlines, Inc. [Member]
VEF
|
Jun. 30, 2015
Venezuelan [Member]
12.8 Bolivars per Dollar [Member]
Cash and Cash Equivalents [Member]
USD ($)
|
Jun. 30, 2015
Venezuelan [Member]
12.8 Bolivars per Dollar [Member]
Cash and Cash Equivalents [Member]
VEF
|
Jun. 30, 2015
Venezuelan [Member]
12.8 Bolivars per Dollar [Member]
Cash and Cash Equivalents [Member]
American Airlines, Inc. [Member]
USD ($)
|
Jun. 30, 2015
Venezuelan [Member]
12.8 Bolivars per Dollar [Member]
Cash and Cash Equivalents [Member]
American Airlines, Inc. [Member]
VEF
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||
Level 1 to Level 2 transfers amount | $ 0 | $ 0 | ||||||||||
Foreign earnings repatriated | $ 629,000,000 | $ 629,000,000 | $ 621,000,000 | $ 621,000,000 | $ 8,000,000 | $ 8,000,000 | ||||||
Foreign currency translation exchange rate | 6.3 | 6.3 | 12.8 | 12.8 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Fair Value Measurements - Schedule of Carrying Value and Estimated Fair Value of Long-Term Debt, Including Current Maturities (Detail) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2015
|
Dec. 31, 2014
|
---|---|---|
Carrying Value [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Long-term debt, including current maturities | $ 18,794 | $ 17,904 |
Carrying Value [Member] | American Airlines, Inc. [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Long-term debt, including current maturities | 11,767 | 11,234 |
Fair Value [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Long-term debt, including current maturities | 19,271 | 18,542 |
Fair Value [Member] | American Airlines, Inc. [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Long-term debt, including current maturities | $ 12,050 | $ 11,618 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Retirement Benefits - Components of Net Periodic Benefit Cost (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
|
Pension Benefits [Member]
|
||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | $ 1 | $ 2 | $ 1 | $ 2 |
Interest cost | 184 | 185 | 369 | 371 |
Expected return on assets | (213) | (197) | (426) | (393) |
Settlements | 1 | 1 | 1 | 3 |
Prior service cost (benefit) | 7 | 7 | 14 | 14 |
Unrecognized net loss (gain) | 28 | 12 | 56 | 23 |
Net periodic benefit cost (income) | 8 | 10 | 15 | 20 |
Pension Benefits [Member] | American Airlines, Inc. [Member]
|
||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 1 | 1 | 1 | |
Interest cost | 184 | 184 | 367 | 369 |
Expected return on assets | (212) | (196) | (424) | (391) |
Settlements | 1 | 1 | 1 | 3 |
Prior service cost (benefit) | 7 | 7 | 14 | 14 |
Unrecognized net loss (gain) | 28 | 12 | 56 | 23 |
Net periodic benefit cost (income) | 8 | 9 | 15 | 19 |
Retiree Medical and Other Benefits [Member]
|
||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 1 | 1 | 2 | 1 |
Interest cost | 13 | 16 | 26 | 31 |
Expected return on assets | (5) | (5) | (10) | (10) |
Prior service cost (benefit) | (61) | (59) | (121) | (120) |
Unrecognized net loss (gain) | (2) | (2) | (3) | (4) |
Net periodic benefit cost (income) | (54) | (49) | (106) | (102) |
Retiree Medical and Other Benefits [Member] | American Airlines, Inc. [Member]
|
||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 1 | |||
Interest cost | 11 | 14 | 23 | 28 |
Expected return on assets | (5) | (5) | (10) | (10) |
Prior service cost (benefit) | (59) | (58) | (119) | (118) |
Unrecognized net loss (gain) | (2) | (2) | (4) | (4) |
Net periodic benefit cost (income) | $ (55) | $ (51) | $ (109) | $ (104) |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
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- Definition
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- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Retirement Benefits - Components of Net Periodic Benefit Cost (Parenthetical) (Detail) (Other Postretirement Benefit Plans [Member], USD $)
In Millions, unless otherwise specified |
3 Months Ended | 6 Months Ended |
---|---|---|
Jun. 30, 2015
|
Jun. 30, 2015
|
|
Defined Benefit Plan Disclosure [Line Items] | ||
Amortization of prior service costs | $ 1 | $ 1 |
American Airlines, Inc. [Member]
|
||
Defined Benefit Plan Disclosure [Line Items] | ||
Amortization of prior service costs | $ 1 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Retirement Benefits - Additional Information (Detail) (USD $)
|
6 Months Ended |
---|---|
Jun. 30, 2015
|
|
Defined Benefit Plan Disclosure [Line Items] | |
Defined benefit plans, estimated future employer contributions until 2019 | $ 0 |
American Airlines, Inc. [Member]
|
|
Defined Benefit Plan Disclosure [Line Items] | |
Defined benefit plans, estimated future employer contributions until 2019 | $ 0 |
X | ||||||||||
- Definition
Defined benefit plans, estimated future employer contributions. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Accumulated Other Comprehensive Income (Loss), Tax No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
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|
X | ||||||||||
- Definition
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|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
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|
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- Definition
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|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Capacity Purchases No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Significant and non-routine operating expenses (credits) such as asset impairments and restructuring charges that may not be an indicator of future cash flows. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Legal Proceedings - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
0 Months Ended | 3 Months Ended | 6 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Feb. 10, 2015
|
Dec. 09, 2013
|
Jul. 14, 2015
Subsequent Event [Member]
|
Feb. 10, 2015
Common Stock [Member]
|
Jun. 30, 2015
Common Stock [Member]
|
Jun. 30, 2015
Common Stock [Member]
|
Feb. 10, 2015
Common Stock [Member]
|
Dec. 31, 2014
Common Stock [Member]
|
Dec. 09, 2013
Common Stock [Member]
|
Jul. 14, 2015
Common Stock [Member]
Subsequent Event [Member]
|
Jul. 14, 2015
Common Stock [Member]
Subsequent Event [Member]
|
Feb. 10, 2015
American Airlines, Inc. [Member]
|
Dec. 09, 2013
American Airlines, Inc. [Member]
|
Jul. 14, 2015
American Airlines, Inc. [Member]
Subsequent Event [Member]
|
Feb. 10, 2015
American Airlines, Inc. [Member]
Common Stock [Member]
|
Jun. 30, 2015
American Airlines, Inc. [Member]
Common Stock [Member]
|
Feb. 10, 2015
American Airlines, Inc. [Member]
Common Stock [Member]
|
Dec. 31, 2014
American Airlines, Inc. [Member]
Common Stock [Member]
|
Dec. 09, 2013
American Airlines, Inc. [Member]
Common Stock [Member]
|
Jul. 14, 2015
American Airlines, Inc. [Member]
Common Stock [Member]
Subsequent Event [Member]
|
Jul. 14, 2015
American Airlines, Inc. [Member]
Common Stock [Member]
Subsequent Event [Member]
|
Jun. 30, 2015
Non-Pension, Post-Employee Benefits (OPEB) Matter [Member]
|
Jun. 30, 2015
Non-Pension, Post-Employee Benefits (OPEB) Matter [Member]
American Airlines, Inc. [Member]
|
Apr. 01, 2014
US Airways Sabre Matter [Member]
Claim
|
Sep. 30, 2011
US Airways Sabre Matter [Member]
Claim
|
|
Loss Contingencies [Line Items] | |||||||||||||||||||||||||
Disputed claims reserve | $ 755 | $ 755 | |||||||||||||||||||||||
Shares reserved for future issuance | 26.0 | 26.0 | 26.8 | 30.4 | 26.0 | 26.8 | 30.4 | ||||||||||||||||||
Shares released from restriction and issued | 0.8 | 0.6 | 0.8 | 0.6 | 0.8 | 0.6 | 0.8 | 0.6 | |||||||||||||||||
Stock repurchased (in shares) | 0.1 | 17.3 | 21.1 | 0.1 | 0.1 | 0.1 | |||||||||||||||||||
Aggregate stock repurchase price | 4 | 753 | 943 | 2 | 4 | 2 | |||||||||||||||||||
Potential loss | $ 212 | $ 212 | |||||||||||||||||||||||
Number of counts allowed to proceed (claims) | 2 | ||||||||||||||||||||||||
Number of complaints filed (claims) | 4 |
X | ||||||||||
- Definition
Common Stock Shares Released From Restriction And Issued No definition available.
|
X | ||||||||||
- Definition
Loss Contingency Number Of Claims No definition available.
|
X | ||||||||||
- Definition
Reserve for Disputed Claims No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
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- Definition
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|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Financial Information for Subsidiary Guarantors and Non-guarantor Subsidiaries - Additional Information (Detail) (Unsecured Debt [Member], Senior Notes, 6.125, Due in 2018 [Member])
|
Jun. 30, 2015
|
---|---|
Unsecured Debt [Member] | Senior Notes, 6.125, Due in 2018 [Member]
|
|
Condensed Financial Statements, Captions [Line Items] | |
Debt instrument, stated interest rate percentage | 6.125% |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Significant and non-routine operating expenses (credits) such as asset impairments and restructuring charges that may not be an indicator of future cash flows. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
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- Definition
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|
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- Details
|
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- Definition
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|
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- Definition
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- Definition
No authoritative reference available. No definition available.
|
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- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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- Definition
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X | ||||||||||
- Definition
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|
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- Details
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- Definition
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- Definition
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- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
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- Definition
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- Details
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X | ||||||||||
- Definition
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- Definition
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- Definition
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- Definition
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- Definition
No authoritative reference available. No definition available.
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- Details
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X | ||||||||||
- Definition
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X | ||||||||||
- Details
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X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Accrued salaries wages and other accrued liabilities current. No definition available.
|
X | ||||||||||
- Definition
Bankruptcy settlement obligations. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
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- Definition
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Financial Information for Subsidiary Guarantors and Non-guarantor Subsidiaries - Condensed Consolidating Statement of Cash Flows (Detail) (USD $)
In Millions, unless otherwise specified |
6 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2014
Eliminations and Reclassifications [Member]
|
Jun. 30, 2015
American Airlines Group (Parent Company Only) [Member]
|
Jun. 30, 2015
American Airlines, Inc. [Member]
|
Jun. 30, 2014
American Airlines, Inc. [Member]
|
Jun. 30, 2015
US Airways Group [Member]
|
Jun. 30, 2014
US Airways Group [Member]
|
Jun. 30, 2015
US Airways [Member]
|
Jun. 30, 2014
US Airways [Member]
|
Jun. 30, 2015
Non-Guarantor Subsidiaries [Member]
|
Jun. 30, 2014
Non-Guarantor Subsidiaries [Member]
|
|
Condensed Cash Flow Statements, Captions [Line Items] | ||||||||||||
Net cash provided by operating activities | $ 4,841 | $ 2,637 | $ 526 | $ 3,935 | $ 1,683 | $ 10 | $ 340 | $ 931 | $ 30 | $ 23 | ||
Cash flows from investing activities: | ||||||||||||
Capital expenditures and aircraft purchase deposits | (3,139) | (2,678) | (198) | (2,563) | (1,828) | (541) | (626) | (35) | (26) | |||
Purchases of short-term investments | (5,093) | (1,861) | (3,080) | (1,183) | (2,013) | (678) | ||||||
Sales of short-term investments | 3,436 | 1,723 | 1,178 | 1,523 | 2,258 | 200 | ||||||
Decrease in restricted cash and short-term investments | 27 | 153 | 9 | 52 | 18 | 101 | ||||||
Net proceeds from slot transaction | 307 | 299 | 8 | |||||||||
Proceeds from sale of an investment | 52 | 52 | ||||||||||
Funds transferred to affiliates | 198 | (198) | ||||||||||
Proceeds from sale of property and equipment | 22 | 9 | 18 | 7 | 4 | 2 | ||||||
Net cash provided by (used in) investing activities | (4,695) | (2,347) | 52 | (4,438) | (1,328) | (278) | (995) | (31) | (24) | |||
Cash flows from financing activities: | ||||||||||||
Payments on long-term debt and capital leases | (1,107) | (1,145) | (176) | (881) | (655) | (226) | (314) | |||||
Proceeds from issuance of long-term debt | 1,996 | 534 | 500 | 1,420 | 53 | 76 | 481 | |||||
Deferred financing costs | (40) | (7) | (7) | (32) | (5) | (1) | (2) | |||||
Sale-leaseback transactions | 411 | 411 | ||||||||||
Exercise of stock options | 9 | 9 | ||||||||||
Treasury stock repurchases | (931) | (28) | (931) | (7) | (21) | |||||||
Funds transferred to affiliates, net | 176 | (176) | ||||||||||
Dividend payment | (140) | (140) | ||||||||||
Other financing activities | 34 | 6 | 34 | 6 | ||||||||
Net cash provided by (used in) financing activities | (188) | (220) | (578) | 507 | (203) | (117) | (17) | |||||
Net increase (decrease) in cash | (42) | 70 | 4 | 152 | 10 | (55) | (81) | (1) | (1) | |||
Cash at beginning of period | 994 | 1,140 | 1 | 785 | 829 | 2 | 1 | 199 | 303 | 7 | 6 | |
Cash at end of period | $ 952 | $ 1,210 | $ 1 | $ 789 | $ 981 | $ 12 | $ 1 | $ 144 | $ 222 | $ 6 | $ 5 |
X | ||||||||||
- Definition
Funds Transferred to Affiliates, Investing Activities No definition available.
|
X | ||||||||||
- Definition
Funds Transferred To Affiliates, Net No definition available.
|
X | ||||||||||
- Definition
The net cash inflow (outflow) for the net change associated with funds and investments that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. No definition available.
|
X | ||||||||||
- Definition
Net Cash Proceeds From Slot Transaction No definition available.
|
X | ||||||||||
- Definition
The cash outflow for debt and for leases meeting the criteria for capitalization, initially having maturity due after one year or beyond the normal operating cycle, if longer. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Subsequent Events - Additional Information (Detail) (USD $)
Share data in Millions, except Per Share data, unless otherwise specified |
0 Months Ended | 1 Months Ended | 6 Months Ended | 0 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan. 27, 2015
|
Apr. 30, 2015
|
Jun. 30, 2015
|
Feb. 10, 2015
|
Jan. 27, 2015
|
Feb. 10, 2015
Common Stock [Member]
|
Feb. 10, 2015
American Airlines, Inc. [Member]
|
Feb. 10, 2015
American Airlines, Inc. [Member]
Common Stock [Member]
|
Jul. 23, 2015
Subsequent Event [Member]
|
Jul. 14, 2015
Subsequent Event [Member]
|
Jul. 14, 2015
Subsequent Event [Member]
Common Stock [Member]
|
Jul. 23, 2015
Subsequent Event [Member]
Dividend Declared [Member]
Common Stock [Member]
|
Jul. 23, 2015
Subsequent Event [Member]
Installment Three [Member]
|
Jul. 14, 2015
Subsequent Event [Member]
American Airlines, Inc. [Member]
|
Jul. 14, 2015
Subsequent Event [Member]
American Airlines, Inc. [Member]
Common Stock [Member]
|
|
Subsequent Event [Line Items] | |||||||||||||||
Stock repurchase program, new authorized amount | $ 2,000,000,000 | $ 2,000,000,000 | |||||||||||||
Share repurchase program completion date | Dec. 31, 2016 | Dec. 31, 2016 | |||||||||||||
Dividends payable, per share | $ 0.10 | ||||||||||||||
Dividends payable, record date | Feb. 09, 2015 | May 04, 2015 | Aug. 10, 2015 | ||||||||||||
Dividends payable, declaration date | Jul. 23, 2015 | ||||||||||||||
Dividends payable, payable date | Feb. 23, 2015 | May 18, 2015 | Aug. 24, 2015 | ||||||||||||
Shares released from restriction and issued | 0.8 | 0.8 | 0.8 | 0.8 | 0.6 | 0.6 | 0.6 | 0.6 | |||||||
Common stock shares withheld or sold related to tax obligations | 0.1 | 0.1 |
X | ||||||||||
- Definition
Common Stock Shares Released From Restriction And Issued No definition available.
|
X | ||||||||||
- Definition
Common stock shares withheld or sold related to tax obligations. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Transactions with Related Parties - Summary of Net Payables to (Receivables from) Related Parties (Detail) (American Airlines, Inc. [Member], USD $)
In Millions, unless otherwise specified |
Jun. 30, 2015
|
Dec. 31, 2014
|
---|---|---|
Related Party Transaction [Line Items] | ||
Net payables to related parties | $ 1,868 | $ 2,563 |
American Airlines Group (Parent Company Only) [Member]
|
||
Related Party Transaction [Line Items] | ||
Net payables to related parties | (474) | 40 |
US Airways Group [Member]
|
||
Related Party Transaction [Line Items] | ||
Net payables to related parties | 185 | 320 |
Envoy Aviation Group (1) and other subsidiaries [Member]
|
||
Related Party Transaction [Line Items] | ||
Net payables to related parties | $ 2,157 | $ 2,203 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Transactions with Related Parties - Additional Information (Detail) (USD $)
|
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
|
Related Party Transaction [Line Items] | ||||
Total operating revenues | $ 10,827,000,000 | $ 11,355,000,000 | $ 20,654,000,000 | $ 21,351,000,000 |
American Airlines, Inc. [Member]
|
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Related Party Transaction [Line Items] | ||||
Gain or loss from frequent flyer program | 0 | |||
Total operating revenues | 6,819,000,000 | 7,153,000,000 | 13,188,000,000 | 13,622,000,000 |
Net allocated expenses | 247,000,000 | 419,000,000 | ||
American Airlines, Inc. [Member] | AAdvantage Program [Member]
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Related Party Transaction [Line Items] | ||||
Total operating revenues | $ 222,000,000 | $ 222,000,000 |
X | ||||||||||
- Definition
Allocated Expense No definition available.
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X | ||||||||||
- Definition
Gain loss from frequent flyer program. No definition available.
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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