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Sep. 30, 2013
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Oct. 10, 2013
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Document [Abstract] | ||
Entity Registrant Name | AMERICAN AIRLINES INC | |
Entity Central Index Key | 0000004515 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2013 | |
Document Fiscal Year Focus | 2013 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Entity Common Stock, Shares Outstanding | 1,000 |
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Consolidated Statements Of Operations (Parenthetical) (USD $)
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Sep. 30, 2012
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Income Statement [Abstract] | ||||
Contractual interest expense | $ (195) | $ (166) | $ (534) | $ (519) |
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Consolidated Statements Of Comprehensive Income (USD $)
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Statement of Comprehensive Income [Abstract] | ||||
Net Earnings (Loss) | $ 290 | $ (257) | $ 265 | $ (2,197) |
Defined benefit pension plans and retiree medical: | ||||
Amortization of actuarial (gain) loss and prior service cost | (33) | 56 | (99) | 169 |
Current year change | 0 | 0 | 0 | 0 |
Benefit plan modifications | 0 | 1,673 | 0 | 1,673 |
Derivative financial instruments: | ||||
Change in fair value | 22 | 86 | (34) | 29 |
Reclassification into earnings | 11 | 12 | 23 | (13) |
Unrealized gain (loss) on investments: | ||||
Net change in value | (3) | 2 | (3) | 5 |
Other Comprehensive Income (Loss) Before Tax | (3) | 1,829 | (113) | 1,863 |
Income tax expense on other comprehensive income | 0 | 0 | 0 | 0 |
Comprehensive Income (Loss) | $ 287 | $ 1,572 | $ 152 | $ (334) |
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Chapter 11 Reorganization
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Reorganizations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Chapter 11 Reorganization | Chapter 11 Reorganization Overview On November 29, 2011 (the Petition Date), AMR Corporation (AMR), its principal subsidiary, American Airlines, Inc. (American or the Company) 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). The Chapter 11 Cases are being jointly administered under the caption “In re AMR Corporation, et al., Case No. 11-15463-SHL.” The Company and the other Debtors are operating as “debtors in possession” under the jurisdiction of the Bankruptcy Court and the applicable provisions of the Bankruptcy Code. In general, as debtors in possession under the Bankruptcy Code, we are authorized to continue to operate as an ongoing business but may not engage in transactions outside the ordinary course of business without the prior approval of the Bankruptcy Court. The Bankruptcy Code enables the Company to continue to operate its business without interruption, and the Bankruptcy Court has granted additional relief covering, among other things, obligations to (i) employees, (ii) taxing authorities, (iii) insurance providers, (iv) independent contractors for improvement projects, (v) foreign vendors, (vi) other airlines pursuant to certain interline agreements, and (vii) certain vendors deemed critical to the Debtors’ operations. While operating as debtors in possession under Chapter 11 of the Bankruptcy Code, the Debtors may sell or otherwise dispose of or liquidate assets or settle liabilities, subject to the approval of the Bankruptcy Court or otherwise as permitted in the ordinary course of business. On April 15, 2013, the Company and other Debtors filed with the Bankruptcy Court a proposed Plan of Reorganization (as amended , the Plan) and related Disclosure Statement (herein so called). The Plan contains provisions for the treatment of equity interests in, and prepetition claims against, AMR and the other Debtors. The Plan also contemplates a business combination (referred to herein as the Merger) of AMR and US Airways Group, Inc. (US Airways Group). See below, "Filing of Plan of Reorganization, Disclosure Statement and Form S-4", and Note 12 to the Condensed Consolidated Financial Statements for further information. The Plan was accepted by the Debtors' stakeholders and by the requisite majorities of empowered stakeholders under the Bankruptcy Code. See below for further information on the Plan. The Plan and Disclosure Statement and the information contained therein are not incorporated in this Form 10-Q. The Company’s Chapter 11 Cases followed an extended effort by the Company to restructure its business to strengthen its competitive and financial position. However, the Company’s substantial cost disadvantage compared to its larger competitors, all of which restructured their costs and debt through Chapter 11, became increasingly untenable given the accelerating impact of global economic uncertainty and resulting revenue instability, volatile and rising fuel prices, and intensifying competitive challenges. Notwithstanding any indications of value that may be contained in the Plan, no assurance can be given as to the value that ultimately may be ascribed to the Debtors' various prepetition liabilities and other securities. The Company cannot predict what the ultimate value of any of its securities may be. General Information Notices to Creditors; Effect of Automatic Stay. The Debtors have notified all known current or potential creditors that the Chapter 11 Cases were filed. Subject to certain exceptions under the Bankruptcy Code, the filing of the Debtors’ Chapter 11 Cases automatically enjoined, or stayed, the continuation of most judicial or administrative proceedings or filing of other actions against the Debtors or their property to recover on, collect or secure a claim arising prior to the Petition Date. Thus, for example, most creditor actions to obtain possession of property from the Debtors, or to create, perfect or enforce any lien against the property of the Debtors, or to collect on monies owed or otherwise exercise rights or remedies with respect to a prepetition claim, are enjoined unless and until the Bankruptcy Court lifts the automatic stay as to any such claim. Vendors are being paid for goods furnished and services provided after the Petition Date in the ordinary course of business. Appointment of Creditors’ Committee. On December 5, 2011, the U.S. Trustee appointed the Official Committee of Unsecured Creditors(Creditors' Committee) for the Chapter 11 Cases. Retirement and Life Insurance Benefits. See Note 8 to the Condensed Consolidated Financial Statements for information regarding modifications to retirement and life insurance benefits. Rejection of Executory Contracts. Under section 365 and other relevant sections of the Bankruptcy Code, the Debtors may assume, assume and assign, or reject certain executory contracts and unexpired leases, including, without limitation, agreements relating to aircraft and aircraft engines (collectively, Aircraft Property) and leases of real property, subject to the approval of the Bankruptcy Court and certain other conditions. As of September 30, 2013, the Bankruptcy Court had entered orders granting the Debtors' motions to assume 554, assume and assign one, terminate one, and reject 12 unexpired leases of non-residential real property and had entered various orders extending, by the Debtors' agreement with certain landlords, the date by which the Debtors must assume or reject an additional three unexpired leases of non-residential real property. With respect to certain agreements between American and the City of Chicago, American and the City of Chicago entered into a stipulated order, which provided for the assumption of such agreements as of the effective date of the Plan. The stipulated order also provides that if the effective date of the Plan has not occurred by January 31, 2014, the parties are free to extend such deadline with the approval of the Bankruptcy Court or to renegotiate the terms of the order assuming such agreements. On April 3, 2013, the Bankruptcy Court entered an order approving a stipulation providing that, among other things, (i) the 1990 and 1994 series of special facility revenue bonds that financed certain improvements at John F. Kennedy International Airport (JFK) will be treated as general unsecured claims, (ii) the Debtors may continue to use any premises and improvements at JFK or LaGuardia Airport financed by the 1990 or 1994 series of special facility revenue bonds, (iii) the Debtors will assume the leases at JFK that currently relate to the 2002 and 2005 series of special facility revenue bonds, and (iv) the Debtors' use of premises at JFK will continue to be governed by those leases as well as any other leases that may apply (including leases with the Port Authority of New York and New Jersey). See "Reorganization Items, net" for further information. In general, rejection of an executory contract or unexpired lease is treated as a prepetition breach of the executory contract or unexpired lease in question and, subject to certain exceptions, relieves the Debtors from performing their future obligations under such executory contract or unexpired lease but entitles the contract counterparty or lessor to a prepetition general unsecured claim for damages caused by such deemed breach. Counterparties to such rejected contracts or leases have the right to file claims against the Debtors’ estate for such damages. Generally, the assumption of an executory contract or unexpired lease requires the Debtors to cure existing defaults under such executory contract or unexpired lease. Any description of an executory contract or unexpired lease elsewhere in these Notes or in the report to which these Notes are attached, including, where applicable, the Debtors’ express termination rights or a quantification of their obligations, must be read in conjunction with, and is qualified by, any rights the Debtors or counterparties have under section 365 of the Bankruptcy Code. The Debtors expect that liabilities subject to compromise and resolution in the Chapter 11 Cases will arise in the future as a result of damage claims created by the Debtors’ rejection of various executory contracts and unexpired leases. Due to the uncertain nature of many of the potential rejection claims, the magnitude of such claims is not reasonably estimable at this time. Such claims may be material (see “Liabilities Subject to Compromise” below). Special Protection Applicable to Leases and Secured Financing of Aircraft and Aircraft Equipment. Notwithstanding the general discussion above of the impact of the automatic stay, under section 1110 of the Bankruptcy Code, beginning 60 days after filing a petition under Chapter 11, certain secured parties, lessors and conditional sales vendors may have a right to take possession of certain qualifying Aircraft Property that is leased or subject to a security interest or conditional sale contract, unless the Debtors, subject to approval by the Bankruptcy Court, agree to perform under the applicable agreement, and cure any defaults as provided in section 1110 (other than defaults of a kind specified in section 365(b)(2) of the Bankruptcy Code). Taking such action does not preclude the Debtors from later rejecting the applicable lease or abandoning the Aircraft Property subject to the related security agreement, or from later seeking to renegotiate the terms of the related financing. The Debtors may extend the 60-day period by agreement of the relevant financing party, with Bankruptcy Court approval. In the absence of an agreement or cure as described above or such an extension, the financing party may take possession of the Aircraft Property and enforce its contractual rights or remedies to sell, lease or otherwise retain or dispose of such equipment. The 60-day period under section 1110 in the Chapter 11 Cases expired on January 27, 2012. In accordance with the Bankruptcy Court’s Order Authorizing the Debtors to (i) Enter into Agreements Under Section 1110(a) of the Bankruptcy Code, (ii) Enter into Stipulations to Extend the Time to Comply with Section 1110 of the Bankruptcy Code and (iii) File Redacted Section 1110(b) Stipulations, dated December 23, 2011, the Debtors have entered into agreements to extend the automatic stay or agreed to perform and cure defaults under financing agreements with respect to certain aircraft in their fleet and other Aircraft Property. The Debtors have entered into definitive documentation with respect to substantially all of the aircraft for which the Debtors expect to negotiate revised terms. Magnitude of Potential Claims. On February 27, 2012, the Debtors filed with the Bankruptcy Court schedules and statements of financial affairs setting forth, among other things, the assets and liabilities of the Debtors, subject to the assumptions filed in connection therewith. All of the schedules are subject to further amendment or modification. Bankruptcy Rule 3003(c)(3) requires the Bankruptcy Court to fix the time within which proofs of claim must be filed in a Chapter 11 case pursuant to section 501 of the Bankruptcy Code. This Bankruptcy Rule also provides that any creditor who asserts a claim against the Debtors that arose prior to the Petition Date and whose claim (i) is not listed on the Debtors' schedules or (ii) is listed on the schedules as disputed, contingent, or unliquidated, must file a proof of claim. On May 4, 2012, the Bankruptcy Court entered an order that established July 16, 2012 at 5:00 p.m. (Eastern Time) (the Bar Date) as the deadline to file proofs of claim against any Debtor. More information regarding the filing of proofs of claim can be obtained at www.amrcaseinfo.com. Information on this website is not incorporated into or otherwise made a part of this report. As of October 10, 2013, approximately 13,500 claims totaling about $291 billion have been filed with the Bankruptcy Court against the Debtors. Of those claims, approximately 360 claims aggregating approximately $58 million were filed after the Bar Date. We expect new and amended claims to be filed in the future, including claims amended to assign values to claims originally filed with no designated value. We intend to dispute the claims filed after the Bar Date as not having been filed timely and in accordance with the Bankruptcy Code. We have identified, and we expect to continue to identify, many claims that we believe should be disallowed by the Bankruptcy Court because they are duplicative, are without merit, are overstated or for other reasons. As of October 10, 2013, the Bankruptcy Court has disallowed approximately $119 billion of claims and has not yet ruled on our other objections to claims, the disputed portions of which aggregate to an additional $663 million. We expect to continue to file objections in the future. Because the process of analyzing and objecting to claims is ongoing, the amount of disallowed claims may increase significantly in the future. The Debtors have recorded amounts for claims for which there was sufficient information to estimate the claim. Differences between amounts scheduled by the Debtors and claims by creditors will be investigated and resolved in connection with the claims resolution process. In light of the expected number of creditors, the claims resolution process may take considerable time to complete. Accordingly, the ultimate number and amount of allowed claims is not presently known, nor can the ultimate recovery with respect to allowed claims be presently ascertained. Collective Bargaining Agreements. Section 1113(c) of the Bankruptcy Code provides a process for the modification and/or rejection of collective bargaining agreements (CBAs). Through this process, American was able to achieve new CBAs with each of its unions (TWU, APFA and APA), covering nine unionized work groups. In September 2012, the Bankruptcy Court authorized American to reject its pilot CBA, and thereafter American began implementing certain terms and conditions of employment for pilots. American and the APA continued to negotiate in good faith toward a new pilot agreement, and those negotiations resulted in a new pilot CBA that was approved by the Bankruptcy Court on December 19, 2012. A small group of American pilots is appealing the Bankruptcy Court's decisions granting American's request to reject the pilot CBA and approving the new pilot CBA, and those appeals are pending in the U.S. District Court for the Southern District of New York. American Eagle Airlines, Inc. (AMR Eagle) also engaged in the Section 1113(c) process with its unions, and ultimately achieved new CBAs with its unions, including AFA, ALPA and all four TWU-represented work groups. In addition, American's pilots, flight attendants, and ground employee unions and the US Airways, Inc. (US Airways) pilots union have agreed to new terms for CBAs, effective upon the closing of the proposed Merger with US Airways Group (see Note 12 to the Condensed Consolidated Financial Statements for further information regarding the Merger). Separately, US Airways entered into a new CBA with the Association of Flight Attendants-CWA (the AFA) that includes support for the Merger. American's unions representing pilots and flight attendants are working with their counterparts at US Airways to determine representation and single agreement protocols to be used to integrate the pilots and flight attendants workforces after the Merger. The TWU reached agreement with its counterpart at US Airways (the International Association of Machinists and Aerospace Workers (IAM)) to jointly represent three groups of ground employees (Mechanic and Related, Fleet Service and Stores) following the Merger (subject to certification by the National Mediation Board), and on a process for integrating these workgroups, and one other, following the Merger. Filing of Plan of Reorganization, Disclosure Statement and Form S-4. On April 15, 2013, the Company and other Debtors initially filed with the Bankruptcy Court the Plan and Disclosure Statement, which contemplate that AMR will emerge from Chapter 11 and AMR and AMR Merger Sub, Inc. will engage in the Merger (as further described in Note 12 to the Condensed Consolidated Financial Statements). The Plan addresses various subjects with respect to the Debtors, including the resolution of pre-petition obligations as well as the capital structure and corporate governance after exit from the Chapter 11 Cases. The Plan further provides that, upon the effectiveness of the Plan and the Merger, which are anticipated to occur contemporaneously, all shares of existing AMR common stock and other equity interests in AMR will be canceled and any rights with respect thereto will cease to exist, subject to the right to receive distributions pursuant to the Plan. Generally, for purposes of the Plan, all 20 Debtors will be “substantively consolidated” into three nodes, consisting of: (i) AMR Debtors, (ii) American Debtors, and (iii) Eagle Debtors. As among the AMR Debtors, the American Debtors, and the Eagle Debtors, the Plan will separately classify creditor claims. However, pursuant to the compromises incorporated into the Plan relating to certain inter-creditor issues and the treatment of intercompany claims among the Debtors, general unsecured claims of similar rank and priority will be treated the same under the Plan regardless of the Debtor against which such claim was filed. The Plan contains provisions related to the treatment of prepetition unsecured claims against the Debtors and equity interests in AMR as described in the Plan and Disclosure Statement and in Note 12 to the Condensed Consolidated Financial Statements under "Description of Plan of Reorganization." On April 15, 2013, AMR filed a Form S-4 registration statement (the Form S-4 Registration Statement) with the SEC to register the shares of common stock of AMR, which following the Merger will be renamed American Airlines Group Inc. (herein, the AAG Common Stock), to be issued to stockholders of US Airways Group, Inc. (US Airways Group) as consideration in the Merger in exchange for their US Airways Group common stock. The SEC declared the Form S-4 Registration Statement, as amended, effective on June 10, 2013. The stockholders of US Airways Group voted to approve the Merger on July 12, 2013. The AAG Common Stock cannot be issued to US Airways Group stockholders until the Plan and Merger are consummated. On June 7, 2013, the Bankruptcy Court entered the order approving the Disclosure Statement and authorized the Debtors to begin soliciting votes on the Plan from creditors and stockholders. On July 19, 2013, the Company and the other Debtors filed with the Bankruptcy Court the “Plan Supplement”, which contains certain documents that are part of the Plan. On August 1, 2013, the Plan was accepted by each class of creditors and AMR equity interest holders entitled to vote on the Plan. A hearing was held on August 15, 2013, to consider confirmation of the Plan. The Bankruptcy Court deferred ruling on Plan confirmation and requested briefs from the Debtors and other interested parties regarding the impact of the lawsuit filed by the United States Department of Justice (DOJ) and certain states against AMR and US Airways Group in the United States District Court for the District of Columbia, Case 1:13-cv-01236 (the DOJ Action) (see Note 12 to the Consolidated Condensed Financial Statements) on confirmation standards and the appropriateness of ruling on confirmation before the DOJ Action (which seeks to enjoin the Merger) is resolved. On September 12, 2013, the Bankruptcy Court stated that it would enter an order (the Confirmation Order) confirming the Plan. A proposed Confirmation Order has been submitted to the Bankruptcy Court and it is anticipated that the Confirmation Order will be entered prior to the resolution of the DOJ Action. When the Confirmation Order is entered, the effective date of the Plan and implementation of the Plan will remain subject to certain conditions precedent, including satisfactory resolution of the DOJ Action. Although the Bankruptcy Court has stated it will enter the Confirmation Order, the ultimate resolution of the DOJ Action and its impact on the Company and the Merger are uncertain, and accordingly, it cannot be predicted at this time whether or not the Plan will become effective and the Merger will occur. In the event that a settlement is reached in the DOJ Action, AMR would be required to seek the Bankruptcy Court's approval of such settlement, which may involve a determination of whether any additional notice or re-solicitation of previous acceptances or rejections of the Plan are necessary. There can be no assurance that the Plan will be implemented successfully. Merger Agreement. See Note 12 to the Condensed Consolidated Financial Statements for information regarding the Merger Agreement. Availability and Utilization of Net Operating Losses. A discussion of the potential impact of the Plan on the availability and utilization of net operating losses (and alternative minimum tax credits) after the Debtors' emergence from Chapter 11 is contained in the Disclosure Statement. As described therein, the Debtors reasonably anticipate taking advantage of the special bankruptcy rule in section 382(l)(5) of the U.S. Internal Revenue Code, which generally applies to an ownership change in bankruptcy that involves the retention or receipt of at least half of the stock of the reorganized debtor by its shareholders and/or qualified creditors. On April 11, 2013, the Bankruptcy Court issued a Revised Final Order Establishing Notification Procedures for Substantial Claimholders and Equity Security Holders and Approving Restrictions on Certain Transfers of Interests in the Debtors' Estates (the Revised Order), which restricts trading in AMR's common stock and establishes certain procedures and potential restrictions with respect to the transfer of claims (the Revised Procedures). The order is intended to prevent, or otherwise institute procedures and notification requirements with respect to, certain transfers of AMR common stock and unsecured claims against the Debtors that could impair the ability of the Debtors to use their net operating loss carryovers and certain other tax attributes on a reorganized basis. In accordance with the Revised Procedures, an initial date was established by which holders of unsecured claims (or in certain cases, group of holders) that beneficially owned in excess of a threshold amount as of May 24, 2013 were required to file a Notice of Substantial Claim Ownership. The reporting deadline was May 31, 2013, and the threshold amount was $190 million of unsecured claims or such lesser amount as set forth in the proposed Disclosure Statement. The Disclosure Statement established in accordance with the Revised Procedures a second (final) date by which holders of unsecured claims (or in certain cases, group of holders) that beneficially owned in excess of a threshold amount as of July 1, 2013 were required to file a Notice of Substantial Claim Ownership (regardless of whether such holder(s) filed a Notice as of the first reporting deadline). The final reporting deadline was July 8, 2013. The threshold amount was $190 million of unsecured claims or such lesser amount as set forth in the approved Disclosure Statement, namely such lesser amount which, when added to certain specified interests, including stock, in AMR or US Airways Group, would result in such holder holding the “Applicable Percentage,” generally 4.5 percent, of the reorganized Debtors. In connection with the filing of a Notice of Substantial Claim Ownership, a holder was required to indicate if it agreed to refrain from acquiring additional AMR and US Airways Group common stock and such other specified interests until after the effective date of the Debtors' Chapter 11 plan of reorganization, and to dispose of any such interests acquired since February 22, 2013 if directed to do so pursuant to the Revised Order. Based, in part, on the Notices of Substantial Claim Ownership received, the Debtors evaluated whether it will be necessary for them to seek an order in accordance with the “sell-down” procedures of the Revised Order, potentially requiring any “Substantial Claimholder” to sell down a portion of its unsecured claims to reasonably ensure that the requirements of section 382(l)(5) will be satisfied. No such order has been sought. After July 1, 2013, any acquisition of unsecured claims by a Substantial Claimholder or a person (or in certain cases, group of persons) that would become a Substantial Claimholder as a result of the contemplated transaction is not permitted unless the potential transferee files a Claims Acquisition Request at least 10 business days prior to the proposed transfer date and receives written approval from the Debtors. The Revised Procedures did not alter the procedures applicable with respect to “Substantial Equityholders,” namely persons who are, or as a result of a transaction would become, the beneficial owner of approximately 4.5 percent of the outstanding shares of AMR common stock. Any acquisition, disposition, or other transfer of equity or claims in violation of the restrictions set forth in the Revised Order will be null and void ab initio and/or subject to sanctions as an act in violation of the automatic stay under sections 105(a) and 362 of the Bankruptcy Code. A further explanation of the Revised Procedures is contained in the Disclosure Statement. Liabilities Subject to Compromise The following table summarizes the components of liabilities subject to compromise included on the Condensed Consolidated Balance Sheet as of September 30, 2013 and December 31, 2012 (in millions):
Long-term debt, including undersecured debt, classified as subject to compromise as of September 30, 2013 and December 31, 2012 consisted of (in millions):
Liabilities subject to compromise refers to prepetition obligations which may be impacted by the Chapter 11 reorganization process. These amounts represent the Debtors’ current estimate of known or potential prepetition obligations to be resolved in connection with the Chapter 11 Cases. In accordance with ASC 852, substantially all of the Company’s unsecured debt has been classified as liabilities subject to compromise. Additionally, certain of the Company’s undersecured debt instruments have also been classified as liabilities subject to compromise. As a result of the modifications to the retirement benefits as discussed in Note 8 to the Condensed Consolidated Financial Statements, a portion of the pension and postretirement benefits liability, primarily relating to retiree medical and other benefits, was classified as liabilities subject to compromise. Differences between liabilities the Debtors have estimated and the claims filed, or to be filed, will be investigated and resolved in connection with the claims resolution process. The Company will continue to evaluate these liabilities throughout the Chapter 11 Cases and adjust amounts as necessary. Such adjustments may be material. In light of the expected number of creditors, the claims resolution process may take considerable time to complete. Accordingly, the ultimate number and amount of allowed claims is not presently known. Reorganization Items, net Reorganization items refer to revenues, expenses (including professional fees), realized gains and losses and provisions for losses that are realized or incurred in the Chapter 11 Cases. The following table summarizes the components included in reorganization items, net on the Consolidated Statements of Operations for the three and nine months ended September 30, 2013 and 2012 (in millions):
Claims related to reorganization items are reflected in liabilities subject to compromise on the Condensed Consolidated Balance Sheet as of September 30, 2013. |
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Basis Of Presentation
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Accounting Policies [Abstract] | |
Basis Of Presentation | Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with United States (U.S.) generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, these financial statements contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position, results of operations and cash flows for the periods indicated. Results of operations for the periods presented herein are not necessarily indicative of results of operations for the entire year. American is a wholly owned subsidiary of AMR. The Condensed Consolidated Financial Statements also include the accounts of variable interest entities for which the Company is the primary beneficiary. For further information, refer to the consolidated financial statements and footnotes included in American’s Annual Report on Form 10-K filed on February 20, 2013, as amended by the Form 10-K/A filed on April 16, 2013 (2012 Form 10-K). In accordance with GAAP, the Debtors have applied ASC 852 “Reorganizations” (ASC 852), in preparing the Condensed Consolidated Financial Statements. ASC 852 requires that the financial statements, for periods subsequent to the Chapter 11 Cases, distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business. Accordingly, certain revenues, expenses (including professional fees), realized gains and losses and provisions for losses that are realized or incurred in the Chapter 11 Cases are recorded in reorganization items, net on the accompanying Consolidated Statement of Operations. In addition, prepetition obligations that may be impacted by the Chapter 11 reorganization process have been classified on the Condensed Consolidated Balance Sheet in liabilities subject to compromise. These liabilities are reported at the amounts expected to be allowed by the Bankruptcy Court, even if they may be settled for lesser amounts. Certain of our non-U.S. subsidiaries are not part of the Chapter 11 Cases. Since these non-US subsidiaries do not have significant transactions, we do not separately disclose the condensed combined financial statements of such non-U.S. subsidiaries in accordance with the requirements of reorganization accounting. These Condensed Consolidated Financial Statements have also been prepared on a going concern basis, which contemplates continuity of operations, realization of assets and satisfaction of liabilities in the ordinary course of business. Accordingly, the Condensed Consolidated Financial Statements do not include any adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should the Debtors be unable to continue as a going concern. As a result of the Chapter 11 Cases, the satisfaction of our liabilities and funding of ongoing operations are subject to uncertainty and, accordingly, there is a substantial doubt of the Company’s ability to continue as a going concern. The accompanying Condensed Consolidated Financial Statements do not purport to reflect or provide for the consequences of the Chapter 11 Cases, other than as set forth under “liabilities subject to compromise” on the accompanying Condensed Consolidated Balance Sheet and “income (loss) before reorganization items” and “reorganization items, net” on the accompanying Consolidated Statement of Operations (see Note 1 to the Condensed Consolidated Financial Statements for further information). In particular, the financial statements do not purport to show (1) as to assets, their realizable value on a liquidation basis or their availability to satisfy liabilities; (2) as to prepetition liabilities, the amounts that may be allowed for claims or contingencies, or the status and priority thereof; or (3) as to operations, the effect of any changes that may be made to the Debtors’ business, including, without limitation, as a result of the Merger. |
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Commitments, Contingencies And Guarantees
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Commitments, Contingencies And Guarantees | Commitments, Contingencies and Guarantees American had total aircraft acquisition commitments as of September 30, 2013 as follows:
As of September 30, 2013, payments for the above purchase commitments and certain engines, and future lease payments for all leased aircraft, in each case, subject to assumption of certain of the related agreements, are presented in the table below (in millions):
Capacity Purchase Agreements with Third-Party Regional Airlines During 2012, American entered into capacity purchase agreements with SkyWest Airlines, Inc. (SkyWest) and with ExpressJet Airlines, Inc. (ExpressJet), both wholly owned subsidiaries of SkyWest, Inc., to provide 50-seat regional jet feed. Both airlines operate the services under the American Eagle® brand. SkyWest began service from Los Angeles International Airport on November 15, 2012, and ExpressJet began service from Dallas-Ft. Worth International Airport on February 14, 2013. In addition, Chautauqua Airlines, Inc. (Chautauqua) continues to operate under the brand AmericanConnection® under a capacity purchase agreement with American. On January 23, 2013, American entered into a 12-year capacity purchase agreement with Republic Airlines Inc. (Republic), a subsidiary of Republic Airways Holdings, to provide large regional jet flying. Through the agreement, Republic will acquire 47 Embraer E-175 aircraft featuring a two-class cabin with 12 first class seats and 64 seats in the main cabin. The aircraft, which will fly under the American Eagle® brand, began phasing into operation at approximately two to three aircraft per month beginning in August 2013. All 47 aircraft are expected to be in operation by the first quarter of 2015. As of September 30, 2013, American's minimum fixed obligations under its capacity purchase agreements with third-party regional airlines were as follows (approximately, in millions):
Other As a result of the filing of the Chapter 11 Cases, attempts to prosecute, collect, secure or enforce remedies with respect to prepetition claims against the Debtors are subject to the automatic stay provisions of Section 362(a) of the Bankruptcy Code, except in such cases where the Bankruptcy Court has entered an order modifying or lifting the automatic stay. Notwithstanding the general application of the automatic stay described above, governmental authorities, both domestic and foreign, may determine to continue actions brought under their regulatory powers. Therefore, the automatic stay may have no effect on certain matters, and the Debtors cannot predict the impact, if any, that its Chapter 11 Cases might have on its commitments and obligations. |
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Depreciation And Amortization
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Sep. 30, 2013
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Depreciation, Depletion and Amortization [Abstract] | |
Depreciation and Amortization | Depreciation and Amortization Accumulated depreciation of owned equipment and property at September 30, 2013 and December 31, 2012 was $10.6 billion and $10.4 billion, respectively. Accumulated amortization of equipment and property under capital leases at September 30, 2013 and December 31, 2012 was $242 million and $205 million, respectively. |
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Income Taxes
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Sep. 30, 2013
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Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes 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 Company’s deferred tax asset valuation allowance decreased from $5.1 billion as of December 31, 2012 to $5.0 billion as of September 30, 2013, including the impact of comprehensive income for the nine months ended September 30, 2013 and changes from other adjustments. These other adjustments include the realization of an income tax expense credit of approximately $30 million recorded for the nine months ended September 30, 2013 by the Company as a result of passage of the American Taxpayer Relief Act of 2012. There was no amount of adjustment recorded by the Company during the nine months ended September 30, 2012. Under current accounting rules, the Company is required to consider all items (including items recorded in other comprehensive income) in determining the amount of tax benefit that results from a loss from continuing operations and that should be allocated to continuing operations. Due to the significant volatility of items impacting other comprehensive income on a quarterly basis, the Company generally does not record any such tax benefit allocation until all items impacting other comprehensive income are known for the annual period. Thus, any such interim tax benefit allocation may subsequently be subject to reversal. |
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Indebtedness and Leases
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Indebtedness | Indebtedness and Leases Long-term debt classified as not subject to compromise consisted of (in millions):
The financings listed in the table above are considered not subject to compromise. For information regarding the liabilities subject to compromise, see Note 1 to the Condensed Consolidated Financial Statements. The Company’s future long-term debt and operating lease payments have changed as its ordered aircraft are delivered and such deliveries have been financed. As of September 30, 2013, maturities of long-term debt (including sinking fund requirements) for the next five years are (in millions):
Principal Not Subject to Compromise and Subject to Compromise includes payments not made due to the Chapter 11 Cases of $451 million and $74 million, respectively. Future minimum lease payments required under aircraft and facility operating leases that have initial or remaining non-cancelable lease terms in excess of a year as of September 30, 2013, were (in millions):
As of September 30, 2013, $95 million and $307 million are included on the accompanying balance sheet in Liabilities Subject to Compromise and Accrued liabilities and other liabilities and deferred credits, respectively, relating to rent expense being recorded in advance of future operating lease payments. As of September 30, 2013, AMR had issued guarantees covering approximately $1.5 billion of American’s tax-exempt bond debt (and interest thereon) and $5.2 billion of American’s secured debt (and interest thereon). American had issued guarantees covering approximately $842 million of AMR’s unsecured debt (and interest thereon). Financing Transactions On March 12, 2013, American closed its private offering of two tranches of enhanced equipment trust certificates (the Series 2013-1A/B EETCs) in the aggregate face amount of $664 million. The Series 2013-1A/B EETCs are comprised of a senior tranche of Class A Certificates with an interest rate of 4.00% per annum and a final expected distribution date of July 15, 2025, and a junior tranche of Class B Certificates with an interest rate of 5.625% per annum and a final expected distribution date of January 15, 2021. The Series 2013-1A/B EETCs represent an interest in the assets of two separate pass through trusts, each of which hold equipment notes issued by American. Interest on the issued and outstanding equipment notes will be payable semiannually on January 15 and July 15 of each year, commencing on July 15, 2013, and principal on such equipment notes is scheduled for payment on January 15 and July 15 of certain years, commencing on January 15, 2014. As of September 30, 2013, the equipment notes are secured by eight currently owned Boeing 737-823 aircraft, one currently owned Boeing 777-223ER aircraft, and four currently owned Boeing 777-323ER aircraft. The certificates were offered in the U.S. to qualified institutional buyers, as defined in, and in reliance on, Rule 144A under the Securities Act of 1933, as amended (the Securities Act). On June 5, 2013, American closed its private offering of Class C enhanced equipment trust certificates (the Series 2013-1C EETCs) in the aggregate face amount of $120 million. The Series 2013-1C EETCs rank junior to the Series 2013-1A/B EETCs. The Series 2013-1C EETCs were issued with an interest rate of 6.125% per annum and a final expected distribution date of July 15, 2018. The 2013-1C EETCs represent an interest in the assets of a separate pass through trust, which will hold certain equipment notes issued by American. The Series 2013-1C EETCs are secured by the same aircraft securing the Series 2013-1A/B EETCs. The certificates were offered in the U.S. to qualified institutional buyers, as defined in, and in reliance on, Rule 144A under the Securities Act. On June 27, 2013, American Airlines and AMR Corporation entered into a Credit and Guaranty Agreement (the Credit Agreement) with certain lenders. The Credit Agreement, as amended in August 2013, provides for a $1.9 billion term loan facility (the Term Loan Facility) and a $1.0 billion revolving credit facility (the Revolving Facility and, together with the Term Loan Facility, the Credit Facilities). As of September 30, 2013, American had borrowed $1.9 billion under the Term Loan Facility. The Credit Facilities are secured obligations of American and guaranteed by AMR. The Revolving Facility provides that American may from time to time borrow, repay and reborrow loans thereunder and have letters of credit issued thereunder in an aggregate amount outstanding at any time of up to $1.0 billion. As of September 30, 2013, there were no borrowings outstanding under the Revolving Facility. Upon consummation of the Merger, US Airways Group and US Airways will be required to join the Credit Facilities as guarantors. Following the joinder, certain minimum dollar-thresholds under the negative and financial covenants in the Credit Facilities automatically will be increased. Except under certain circumstances, American may not make drawings under the Revolving Facility until the date (the Plan Effective Date) on which certain conditions set forth in the Credit Agreement have been satisfied and the effective date has occurred under (i) a Chapter 11 plan of reorganization that does not differ from the plan of reorganization filed with the Bankruptcy Court on April 15, 2013 in any manner adverse to the lenders without consent (the Approved Plan of Reorganization) or (ii) an alternative plan of reorganization that satisfies certain financial metrics set forth in the Credit Agreement (an Alternative Plan). The Term Loan Facility and Revolving Facility mature on June 27, 2019 and June 27, 2018, respectively, unless otherwise extended by the applicable parties, except that if the Plan Effective Date has not occurred on or before June 27, 2014 under the Approved Plan of Reorganization or an Alternative Plan, then the Term Loan Facility and Revolving Facility mature on June 27, 2014, and if the effective date under a Chapter 11 plan of reorganization occurs under a plan of reorganization that is neither the Approved Plan of Reorganization nor an Alternative Plan, then the Term Loan Facility and Revolving Facility mature on such date. As a result of the DOJ Action, it is uncertain whether the Plan Effective Date will occur in compliance with such conditions, and therefore it cannot be predicted at this time whether or not the Term Loan Facility and the Revolving Facility will mature early on June 27, 2014. Voluntary prepayments may be made by American at any time, with a premium of 1.00% applicable to certain prepayments made prior to the date that is six months following June 27, 2013. Mandatory prepayments at par of term loans and revolving loans are required to the extent necessary to comply with American's covenants regarding the collateral coverage ratio and certain dispositions of collateral. In addition, if a “change of control” (as defined in the Credit Agreement) occurs with respect to AMR, American will be required to repay at par the loans outstanding under the Credit Facilities and terminate the Revolving Facility. The Merger would not constitute a change of control. The Credit Facilities bear interest at an index rate plus an applicable index margin or, at American's option, LIBOR (subject to a floor of 1.00%, with respect to the Term Loan) plus an applicable LIBOR margin. The applicable LIBOR margins are 3.75% and 3.50% for borrowings under the Term Loan Facility and the Revolving Facility, respectively. Subject to certain limitations and exceptions, the Credit Facilities are secured by certain route authorities, slots and foreign gate leaseholds utilized by American in providing scheduled air carrier service between the United States and South American countries, specifically Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, Paraguay, Peru, Uruguay and Venezuela. The Credit Facilities contain events of default customary for similar financings, including cross-acceleration to other material indebtedness. Upon the occurrence of an event of default, the outstanding obligations under the Credit Facilities may be accelerated and become due and payable immediately. The Credit Facilities also include affirmative, negative, and financial covenants that, among other things, limit the ability of AMR and its restricted subsidiaries to pay dividends and make certain other payments, make certain investments, incur additional indebtedness, incur liens on the collateral, dispose of the collateral, enter into certain affiliate transactions and engage in certain business activities, in each case subject to certain exceptions. In addition, AMR must maintain a minimum aggregate liquidity (as defined in the Credit Agreement) of $1.5 billion prior to the Merger and $2.0 billion following the Merger. In June 2013, American also remarketed approximately $216 million of Tulsa Municipal Airport Revenue Refunding Bonds Trust Series 2000B, 2001A, and 2001B due June 1, 2035 (Series 2000B) and December 1, 2035 (Series 2001 A&B). The Company filed a motion with the Bankruptcy Court on October 9, 2012, requesting entry of an order authorizing American to, among other things: (i) obtain postpetition financing in an amount of up to $1.5 billion secured on a first priority basis by, among other things, up to 41 Boeing 737-823 aircraft, 14 Boeing 757-223 aircraft, one Boeing 767-323ER aircraft and 19 Boeing 777-223ER aircraft as part of a new enhanced equipment trust certificate (EETC) financing (the Refinancing EETC) to be offered pursuant to Rule 144A under the Securities Act, and (ii) use cash on hand (including proceeds of the Refinancing EETC) to indefeasibly repay the existing prepetition obligations secured by such aircraft, as applicable, which are currently financed through, as the case may be, an EETC financing entered into by American in July 2009 (the Series 2009-1 Pass Through Certificates), a secured notes financing entered into by American in July 2009 (the 2009-2 Senior Secured Notes) and an EETC financing entered into by American in October 2011 (the Series 2011-2 Pass Through Certificates and, together with the Series 2009-1 Pass Through Certificates and the 2009-2 Senior Secured Notes, the Existing Financings), in each case without the payment of any make-whole amount or other premium or prepayment penalty. The Bankruptcy Court approved the motion on January 17, 2013 and entered an order (the EETC Order) to such effect on February 1, 2013. The trustees for the Existing Financings appealed the EETC Order and judgments rendered in certain related adversary proceedings. The appeals (the Appeals) were briefed and oral argument before the United States Court of Appeals for the Second Circuit (the Second Circuit) was heard on June 20, 2013. On September 12, 2013, the Second Circuit fully affirmed the Company's right to repay the Existing Financings without the payment of any make-whole amount or other premium or prepayment penalty. On September 26, 2013, the trustees for the Existing Financings filed a petition for an en banc rehearing of the Appeals by the Second Circuit. The Second Circuit has not yet ruled on such request for rehearing. If the Second Circuit ultimately denies such request for rehearing, the trustees for the Existing Financings may attempt to continue the Appeals by petitioning for certiorari to the Supreme Court. American intends to continue to assert vigorously its rights to repay the Existing Financings without the payment of any make-whole amounts or other premium or prepayment penalty. On July 31, 2013, the Company closed its private offering of the Refinancing EETC (the Series 2013-2A EETC) in the aggregate face amount of $1.4 billion with an interest rate of 4.95% per annum and a final expected distribution date of January 15, 2023. In September 2013, American repaid the Existing Financings, including securities tendered to the Company under a tender offer for the Existing Financings that commenced on June 27, 2013, and received the proceeds from the Series 2013-2A EETC. In conjunction with the repayment of the Existing Financings, the Company incurred cash charges for penalty interest of $19 million, included in interest expense, and a charge of $54 million, included in Miscellaneous, net, of which $21 million is cash, related to the premium on tender for the Existing Financings, and $33 million is non-cash, related to the write-off of unamortized issuance costs. The 2013-2A EETC represents an interest in the assets of a separate pass through trust, which will hold certain equipment notes issued by American. The Series 2013-2A EETC is secured by the same aircraft previously used to secure the Existing Financings. The certificates were offered in the U.S. to qualified institutional buyers, as defined in, and in reliance on, Rule 144A under the Securities Act. On October 2, 2013, the Company filed a motion with the Bankruptcy Court requesting entry of an order authorizing American to obtain postpetition financing in an amount of up to $785 million to be under up to two additional subordinate tranches to EETCs secured on a first priority basis by the same aircraft securing the equipment notes issued by the Company in connection with the Series 2013-2A EETC. Sale-leaseback Arrangements American has arranged sale-leaseback financings with certain leasing companies for 25 Boeing 737-800 aircraft scheduled to be delivered from October 2013 through 2014. The financings of each aircraft under these arrangements are subject to certain terms and conditions. In addition, in some instances, they are also subject to collaboration with the Creditors' Committee and other key stakeholders and to the approval of the Bankruptcy Court. During the third quarter, American financed nine Boeing 737-800 aircraft under sale-leaseback arrangements, which are accounted for as operating leases. These sale-leaseback transactions resulted in gains which are being amortized over the respective remaining lease terms. Collateral Related Covenants Certain of American’s debt financing agreements contain loan to value ratio covenants and require American to periodically appraise the collateral. Pursuant to such agreements, if the loan to value ratio exceeds a specified threshold, American is required, as applicable, to subject additional qualifying collateral (which in some cases may include cash collateral), or pay down such financing, in whole or in part, with premium (if any), or pay additional interest on the related indebtedness, as described below. Specifically, American is required to meet certain collateral coverage tests on a periodic basis on three financing transactions: (1) 10.5% $450 million Senior Secured Notes due 2012 (the 10.5% Notes), (2) 7.5% Senior Secured Notes due 2016 (the Senior Secured Notes) and (3) Credit Facilities, as described below:
At September 30, 2013, the Company was in compliance with the most recently completed collateral coverage tests for the Senior Secured Notes and the Credit Facilities. As of September 30, 2013, American had $41 million of cash collateral posted with respect to the 10.5% Notes, which matured in 2012. The Company has not satisfied the debt with respect to the 10.5% Notes due to the ongoing Chapter 11 Cases. Other Almost all of the Company’s aircraft assets (including aircraft and aircraft-related assets eligible for the benefits of section 1110 of the Bankruptcy Code) are encumbered, and the Company has a very limited quantity of assets which could be used as collateral in financing. The Chapter 11 Cases triggered defaults on substantially all debt and lease obligations of the Debtors. However, under section 362 of the Bankruptcy Code, the commencement of the Chapter 11 Cases automatically stayed most creditor actions against the Debtors’ estates. As discussed in Note 1 to the Condensed Consolidated Financial Statements, the Company has been using the benefits afforded by the Bankruptcy Code to restructure the terms of much of its indebtedness and lease obligations. The Company cannot predict at this time the outcome of its efforts to restructure its indebtedness and lease obligations. It is possible that holders of the Company's unsecured indebtedness may lose a portion of their investment depending on the outcome of the Chapter 11 Cases. |
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Fair Value Measurements
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements | Fair Value Measurements The Company utilizes the market approach to measure fair value for its financial assets and liabilities. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The Company’s short-term investments classified as Level 2 primarily utilize broker quotes in a non-active market for valuation of these securities. The Company’s fuel derivative contracts, which consist primarily of collars (consisting of a purchased call option and a sold put option) and call spreads (consisting of a purchased call option and a sold call option), are valued using energy and commodity market data which is derived by combining raw inputs with quantitative models and processes to generate forward curves and volatilities. Heating oil, jet fuel and crude oil are the primary underlying commodities in the hedge portfolio. No changes in valuation techniques or inputs occurred during the nine months ended September 30, 2013. Assets and liabilities measured at fair value on a recurring basis are summarized below (in millions):
A $56 million Level 1 restricted money market security was liquidated in August 2013. The cash proceeds were subsequently reinvested in a Level 2 U.S. Treasury Obligation. The Company’s policy regarding the recording of transfers between levels is to reflect any such transfers at the end of the reporting period. As of September 30, 2013, the Company had no exposure to European sovereign debt. The fair values of the Company’s long-term debt classified as Level 2 were 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. All of the Company’s long-term debt not classified as subject to compromise is classified as Level 2. The carrying value and estimated fair values of the Company’s long-term debt, including current maturities, not classified as subject to compromise, were (in millions):
The carrying value and estimated fair value of the Company’s long-term debt, including current maturities, classified as subject to compromise, were (in millions):
All of the Company’s long-term debt classified as subject to compromise is classified as Level 2. |
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Retirement Benefits
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Compensation and Retirement Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retirement Benefits | Retirement Benefits The following tables provide the components of net periodic benefit cost for the three and nine months ended September 30, 2013 and 2012 (in millions):
The Company is required to make minimum contributions to its defined benefit pension plans under the minimum funding requirements of ERISA, the Pension Funding Equity Act of 2004, the Pension Protection Act of 2006, and the Pension Relief Act of 2010. As a result of the Chapter 11 Cases, American contributed $87.6 million to its U.S. defined benefit pension plans during the first nine months of 2013 covering post-petition periods. On October 15, 2013, the Company contributed an additional $16.8 million to its defined benefit pension plans. Prior to emerging from Chapter 11 (see Note 1 to the Condensed Consolidated Financial Statements for further information), AMR and/or its subsidiaries will make all minimum required contributions to each AMR compensation and benefit plan that are required to have been made and were not made prior to emergence. As a result of the Company contributing only the post-petition portion of required contributions, the PBGC filed a lien against certain assets of the Company in 2012. Recent Modifications to Pension and Other Post-Employment Benefits The Company's defined benefit pension plans were frozen effective November 1, 2012. Eligible employees began to receive a replacement benefit under the $uper $aver 401(k) Plan on November 1, 2012. In December 2012, the Pilot A Plan, a defined benefit plan, was amended to remove the lump-sum option and the installment option forms of benefit effective December 31, 2012. A small group of American pilots is appealing the Bankruptcy Court's decision authorizing American to eliminate the lump sum option and installment option forms of benefit. This is the same group of pilots that is appealing the Bankruptcy Court's decisions authorizing American to reject the pilot CBA and approving the new pilot CBA. All of these appeals have been consolidated, and are pending in the U.S. District Court for the Southern District of New York. The Pilot B Plan, a defined contribution plan, was terminated on November 30, 2012. As of September 30, 2013, more than 99% of Plan B assets have been distributed and, with the exception of a small residual balance to cover final plan expenses, we expect the remaining funds to be distributed by the end of the fourth quarter of 2013. On July 6, 2012, the Company commenced an adversary proceeding in the Bankruptcy Court seeking a determination on the issue of vesting for former employees who retired before November 1, 2012 and were eligible for certain retiree medical coverage. The Court held a hearing on January 23, 2013 and has not ruled on this matter as of the date of this report. The Company has been negotiating with the retiree committee since July 2012, seeking a consensual agreement to terminate subsidized retiree medical coverage and life insurance coverage. As a result of the modifications to the retirement benefits as discussed above, a portion of the pension and postretirement benefits liability, primarily relating to retiree medical and other benefits, was classified as liabilities subject to compromise. See Note 1 to the Condensed Consolidated Financial Statements for the breakout of liabilities subject to compromise, including that related to pension and postretirement benefits. |
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Special Charges And Restructuring Activities
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Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Special Charges And Restructuring Activities | Special Charges and Merger Related Expenses Special Charges Based on agreements reached with various workgroups in 2012, the Company expects to reduce a total of approximately 10,500 positions. Consequently, during 2012, the Company recorded charges for severance related costs associated with the voluntary and involuntary reductions in certain work groups. The severance charges will be paid through the end of 2013. The following table summarizes the components of the Company’s special charges and the remaining accruals for these charges as of September 30, 2013 (in millions):
Merger Related Expenses Merger related expenses for the three and nine months ended September 30, 2013 were $13.8 million and $35.4 million, respectively. See Note 12 to the Condensed Consolidated Financial Statements for information on the Merger Agreement. |
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Financial Instruments And Risk Management
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Instruments And Risk Management | Financial Instruments and Risk Management As part of the Company’s risk management program, it uses a variety of financial instruments, primarily heating oil, jet fuel, and Brent crude collars (consisting of a purchased call option and a sold put option) and call spreads (consisting of a purchased call option and a sold call option), as cash flow hedges to mitigate commodity price risk. The Company does not hold or issue derivative financial instruments for trading purposes. As of September 30, 2013, the Company had fuel derivative contracts outstanding covering 19 million barrels of jet fuel that will be settled over the next 18 months. A deterioration of the Company’s liquidity position and its ongoing Chapter 11 Cases may negatively affect the Company’s ability to hedge fuel in the future. The net fair value of the Company’s fuel hedging agreements at September 30, 2013 and December 31, 2012, representing the amount the Company would receive upon termination of the agreements (net of settled contract assets), totaled $51 million and $62 million, respectively. As of September 30, 2013, the Company estimates that during the next twelve months it will reclassify from Accumulated other comprehensive loss into earnings of approximately $9 million in net losses. The impact of aircraft fuel derivative instruments (all cash flow hedges) on the Company’s Consolidated Statements of Operations is depicted below (in millions):
(1) Includes the effective portion of hedge gain (loss) (2) Includes the ineffective portion of hedge gain (loss) (3) Includes the effective and ineffective portion of hedge gain (loss) The impact of aircraft fuel derivative instruments (all cash flow hedges) on the Company’s Consolidated Statements of Comprehensive Income is depicted below (in millions):
(1) Includes the effective portion of hedge gain (loss) The Company is party to certain interest rate swap agreements that are accounted for as cash flow hedges. Ineffectiveness for these instruments is required to be measured at each reporting period. The ineffectiveness and fair value associated with all of the Company's interest rate cash flow hedges for all periods presented was not material. While certain of the Company's fuel derivatives are subject to enforceable master netting agreements with its counterparties, the Company does not offset its fuel derivative assets and liabilities in its Condensed Consolidated Balance Sheets. Certain of these agreements would also allow for the offsetting of fuel derivatives with interest rate derivatives. The impact of aircraft fuel derivative instruments (all cash flow hedges) on the Company's Condensed Consolidated Balance Sheets, and the impact of offsetting aircraft fuel derivative instruments, is depicted below (in millions):
The Company is also exposed to credit losses in the event of non-performance by counterparties to these financial instruments, and although no assurances can be given, the Company does not expect any of the counterparties to fail to meet their obligations. The credit exposure related to these financial instruments is represented by the fair value of contracts with a positive fair value at the reporting date, reduced by the effects of master netting agreements. To manage credit risks, the Company selects counterparties based on credit ratings, limits its exposure to a single counterparty under defined guidelines, and monitors the market position of the program and its relative market position with each counterparty. The Company also maintains industry-standard security agreements with a number of its counterparties which may require the Company or the counterparty to post collateral if the value of selected instruments exceeds specified mark-to-market thresholds or upon certain changes in credit ratings. The amount of collateral required to be posted from time to time may be substantial. |
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Merger Agreement
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Sep. 30, 2013
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Business Combinations [Abstract] | |||||||||||||||||||||||||||||||||||||
Merger Agreement | Merger Agreement and Plan of Reorganization Description of Agreement and Plan of Merger On February 13, 2013, AMR, US Airways Group and AMR Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of AMR (Merger Sub), entered into an Agreement and Plan of Merger (as subsequently amended, the Merger Agreement), providing for the Merger. The Merger Agreement provides that, upon the terms and subject to the conditions set forth in the Merger Agreement, Merger Sub will merge with and into US Airways Group, with US Airways Group surviving as a wholly owned subsidiary of AMR. It is anticipated that immediately following the Merger closing, AMR will change its name to American Airlines Group Inc. (AAG). Following the Merger, AAG will own, directly or indirectly, all of the equity interests of American, US Airways Group and their direct and indirect subsidiaries. The Bankruptcy Court stated that it will enter the Confirmation Order, confirming the Plan, which includes the Merger Agreement and the transactions contemplated thereby, including the Merger. Subject to the terms and conditions of the Merger Agreement, which was approved by the boards of directors of the respective parties and the stockholders of US Airways Group, upon completion of the Merger, US Airways Group stockholders will receive one share of AAG Common Stock for each share of US Airways Group common stock. The aggregate number of shares of AAG Common Stock issuable to holders of US Airways Group equity instruments (including stockholders and holders of convertible notes, options, stock appreciation rights and restricted stock units) will represent 28% of the diluted equity of AAG after giving effect to the Plan. The remaining 72% diluted equity ownership of AAG will be distributable, pursuant to the Plan, to the Debtors' stakeholders, labor unions and certain employees. All of the equity interests in AAG will be issued initially solely pursuant to the Merger Agreement or the Plan. Pursuant to the Plan, holders of AMR equity interests are expected to receive a recovery on such interests in the form of a distribution of AAG Common Stock. On August 13, 2013, the DOJ Action was commenced to enjoin the Merger. The Company and US Airways Group will vigorously contest the proposed matter. The trial is scheduled to commence on November 25, 2013. Although the Bankruptcy Court has stated that it will enter the Confirmation Order, the ultimate resolution of the DOJ Action and its impact on the Company and the Merger is uncertain, and accordingly, it cannot be predicted at this time whether or not the Plan will become effective or the Merger will occur. The Merger, in conjunction with the Plan, is intended to qualify, for federal income tax purposes, as a reorganization under the provisions of Section 368(a) of the Internal Revenue Code of 1986, as amended. AMR and US Airways Group have each made customary representations, warranties and covenants in the Merger Agreement, including, among others, covenants to conduct their businesses in the ordinary and usual course between the execution of the Merger Agreement and the consummation of the Merger, subject to certain restrictions as set forth in the Merger Agreement. In addition, the Merger Agreement contains “no shop” provisions that restrict each party's ability to initiate, solicit or knowingly encourage or facilitate competing third-party proposals for any transaction involving a merger of such party or the acquisition of a significant portion of its stock or assets, although each party may consider competing, unsolicited proposals and enter into discussions or negotiations regarding such proposals, if its board of directors determines that any such acquisition proposal constitutes, or is reasonably likely to lead to, a superior proposal and that the failure to take such action is reasonably likely to be inconsistent with its fiduciary duties under applicable law. Consummation of the Merger is subject to customary conditions, including, among others: (i) approval by the stockholders of US Airways Group; (ii) expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the receipt of certain other regulatory approvals; (iii) absence of any order or injunction prohibiting the consummation of the Merger; (iv) Bankruptcy Court confirmation of the Plan, which must contain certain specified provisions defined in the Merger Agreement; (v) subject to certain exceptions, the accuracy of representations and warranties with respect to the business of AMR or US Airways Group, as applicable; (vi) each of AMR and US Airways Group having performed their respective obligations pursuant to the Merger Agreement; and (vii) receipt by each of the Company and US Airways Group of a customary tax opinion. The Merger Agreement contains certain termination rights, giving the parties the right to terminate the Merger Agreement by the earlier of (A) the later of (i) January 18, 2014 and (ii) the fifteenth (15) day after the United States District Court for the District of Columbia (the District Court) enters an order in the trial in the DOJ Action in favor of American and US Airways, provided that such order is entered on or prior to January 17, 2014, and (B) five (5) days after the District Court enters a final, but appealable, order permanently restraining, enjoining or otherwise prohibiting consummation of the Merger following the trial in the DOJ Action. The Merger Agreement further provides that, upon termination of the Merger Agreement under specified circumstances, (i) AMR may be required to pay US Airways Group a termination fee of $135 million in the event it terminates the agreement to enter into a superior proposal and $195 million if US Airways Group terminates the Merger Agreement in the event of a knowing and deliberate breach of the Merger Agreement by AMR and (ii) US Airways Group may be required to pay AMR a termination fee of $55 million in the event it terminates the agreement to enter into a superior proposal and $195 million if AMR terminates the Merger Agreement in the event of a knowing and deliberate breach of the Merger Agreement by US Airways Group. Description of Plan of Reorganization The Plan implements the Merger, incorporates a compromise and settlement of certain intercreditor and intercompany claim issues, and contains the following provisions relating to the treatment of prepetition unsecured claims against the Debtors and equity interests in AMR:
The distributions made to each of the foregoing stakeholders of the Debtors will be adjusted to take into account any reserves made for disputed claims under the Plan. In addition, as a result of the conversion mechanics of the AAG Convertible Preferred Stock, not all shares of AAG Common Stock to be distributed to the foregoing stakeholders can be distributed on the effective date of the Plan. However, the number of shares of AAG Common Stock issued on the effective date of the Plan on account of the labor claims and the existing equity interests in AMR is intended to be the maximum amount possible consistent with their unconditional entitlement to a fixed number of shares under the distribution scheme contemplated by the Plan. |
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Subsequent Events
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Sep. 30, 2013
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Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Events In connection with preparation of the condensed consolidated financial statements and in accordance U.S. GAAP, the Company evaluated subsequent events after the balance sheet date of September 30, 2013 and determined that no additional disclosure to that presented in this Form 10-Q was necessary. |
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Chapter 11 Reorganization (Tables)
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Reorganizations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Liabilities Subject To Compromise | The following table summarizes the components of liabilities subject to compromise included on the Condensed Consolidated Balance Sheet as of September 30, 2013 and December 31, 2012 (in millions):
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Schedule of Liabilities Subject to Compromise, Debt | Long-term debt, including undersecured debt, classified as subject to compromise as of September 30, 2013 and December 31, 2012 consisted of (in millions):
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Schedule Of Reorganization Items | The following table summarizes the components included in reorganization items, net on the Consolidated Statements of Operations for the three and nine months ended September 30, 2013 and 2012 (in millions):
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Commitments, Contingencies And Guarantees (Tables)
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Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Aircraft Acquisition Commitments | American had total aircraft acquisition commitments as of September 30, 2013 as follows:
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Long-term Purchase Commitment | As of September 30, 2013, payments for the above purchase commitments and certain engines, and future lease payments for all leased aircraft, in each case, subject to assumption of certain of the related agreements, are presented in the table below (in millions):
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Unrecorded Unconditional Purchase Obligations Disclosure [Table Text Block] | As of September 30, 2013, American's minimum fixed obligations under its capacity purchase agreements with third-party regional airlines were as follows (approximately, in millions):
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Indebtedness and Leases (Tables)
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components Of Long-Term Debt | Long-term debt classified as not subject to compromise consisted of (in millions):
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Schedule Of Maturities Of Long-Term Debt | As of September 30, 2013, maturities of long-term debt (including sinking fund requirements) for the next five years are (in millions):
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Schedule of Future Minimum Rental Payments for Operating Leases | Future minimum lease payments required under aircraft and facility operating leases that have initial or remaining non-cancelable lease terms in excess of a year as of September 30, 2013, were (in millions):
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Schedule Of Collateral Coverage Tests | Specifically, American is required to meet certain collateral coverage tests on a periodic basis on three financing transactions: (1) 10.5% $450 million Senior Secured Notes due 2012 (the 10.5% Notes), (2) 7.5% Senior Secured Notes due 2016 (the Senior Secured Notes) and (3) Credit Facilities, as described below:
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Fair Value Measurements (Tables)
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Assets and liabilities measured at fair value on a recurring basis are summarized below (in millions):
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Components Of Long-Term Debt | The carrying value and estimated fair values of the Company’s long-term debt, including current maturities, not classified as subject to compromise, were (in millions):
The carrying value and estimated fair value of the Company’s long-term debt, including current maturities, classified as subject to compromise, were (in millions):
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Retirement Benefits (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components Of Net Periodic Benefit Cost | The following tables provide the components of net periodic benefit cost for the three and nine months ended September 30, 2013 and 2012 (in millions):
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Special Charges And Restructuring Activities (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components Of Company's Special Charges | The following table summarizes the components of the Company’s special charges and the remaining accruals for these charges as of September 30, 2013 (in millions):
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Financial Instruments And Risk Management Derivative Effect on Statement of Financial Performance (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block] | The impact of aircraft fuel derivative instruments (all cash flow hedges) on the Company’s Consolidated Statements of Operations is depicted below (in millions):
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Financial Instruments And Risk Management Derivative Effect on Other Comprehensive Income (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block] | The impact of aircraft fuel derivative instruments (all cash flow hedges) on the Company’s Consolidated Statements of Comprehensive Income is depicted below (in millions):
(1) Includes the effective portion of hedge gain (loss) |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Financial Instruments And Risk Management Derivatives - Offsetting Disclosure (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives Offsetting Disclosures [Table Text Block] | While certain of the Company's fuel derivatives are subject to enforceable master netting agreements with its counterparties, the Company does not offset its fuel derivative assets and liabilities in its Condensed Consolidated Balance Sheets. Certain of these agreements would also allow for the offsetting of fuel derivatives with interest rate derivatives. The impact of aircraft fuel derivative instruments (all cash flow hedges) on the Company's Condensed Consolidated Balance Sheets, and the impact of offsetting aircraft fuel derivative instruments, is depicted below (in millions):
|
X | ||||||||||
- Definition
Derivatives Offsetting Disclosures [Table Text Block] No definition available.
|
X | ||||||||||
- Details
|
Accumulated Other Comprehensive Income (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table sets forth the changes in accumulated other comprehensive income (loss) by component (in millions):
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Reclassifications out of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2013 are as follows (in millions):
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Amount of Reorganized Debt held by a Single Holder, Applicable Percentage No definition available.
|
X | ||||||||||
- Definition
Bankruptcy Claims, Number of Debtors No definition available.
|
X | ||||||||||
- Definition
Bankruptcy Claims, Number of Material Contracts Assigned No definition available.
|
X | ||||||||||
- Definition
Bankruptcy Claims, Number of Material Contracts Assumed No definition available.
|
X | ||||||||||
- Definition
Bankruptcy Claims, Number of Material Contracts Terminated No definition available.
|
X | ||||||||||
- Definition
Bankruptcy Claims, Number of Nodes No definition available.
|
X | ||||||||||
- Definition
Ground Leases Rejected No definition available.
|
X | ||||||||||
- Definition
Ground Leases Which Must Be Assumed or Rejected by an Extended Date No definition available.
|
X | ||||||||||
- Definition
Plan of Reorganization additional estimated allowed claim amounts No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Unsecured claims threshold No definition available.
|
X | ||||||||||
- Definition
Workgroups covered by Collective Bargaining Agreements 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.
|
Chapter 11 Reorganization (Schedule Of Liabilities Subject To Compromise) (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2013
|
Dec. 31, 2012
|
---|---|---|
Reorganizations [Abstract] | ||
Long-term debt | $ 289 | $ 358 |
Estimated allowed claims on aircraft lease and debt obligations and facility lease and bond obligations | 4,020 | 3,716 |
Pension and postretirement benefits | 1,201 | 1,250 |
Accounts payable and other accrued liabilities | 350 | 370 |
Other | 0 | 0 |
Total liabilities subject to compromise | $ 5,860 | $ 5,694 |
X | ||||||||||
- Definition
Liabilities Subject to Compromise, Aircraft Lease And Facility Bond Related 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 | ||||||||||
- 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 | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Chapter 11 Reorganization (Schedule Of Reorganization Items) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|||||||||||
Reorganizations [Abstract] | ||||||||||||||
Reorganization Items Pension and Postretirement Benefits | $ 0 | $ (66) | $ 0 | $ (66) | ||||||||||
Aircraft financing renegotiations and rejections | 66 | [1],[2],[3] | 133 | [1],[2] | 285 | [1],[2],[3] | 1,648 | [1],[2] | ||||||
Professional fees | 48 | 51 | 126 | 168 | ||||||||||
Other | 37 | 10 | 23 | 10 | ||||||||||
Total reorganization items, net | $ 151 | $ 128 | $ 434 | $ 1,760 | ||||||||||
|
X | ||||||||||
- Definition
Aircraft Financing Renegotiations And Rejections No definition available.
|
X | ||||||||||
- Definition
Reorganization Items, Other No definition available.
|
X | ||||||||||
- Definition
Reorganization Items Pension and Postretirement Benefits No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Commitments, Contingencies And Guarantees (Narrative) (Details) (Capacity Purchase Arrangements [Member])
|
3 Months Ended |
---|---|
Sep. 30, 2013
|
|
Long-term Purchase Commitment [Line Items] | |
Term of unrecorded unconditional purchase obligation | 12 years |
Embraer One Seven Five [Member]
|
|
Long-term Purchase Commitment [Line Items] | |
Aircraft to be acquired by Republic Airlines | 47 |
First Class Seats | 12 |
Main Cabin Seats | 64 |
Minimum [Member] | Embraer One Seven Five [Member]
|
|
Long-term Purchase Commitment [Line Items] | |
Aircraft phased into operation each month (aircraft) | 2 |
Maximum [Member] | Embraer One Seven Five [Member]
|
|
Long-term Purchase Commitment [Line Items] | |
Aircraft phased into operation each month (aircraft) | 3 |
X | ||||||||||
- Definition
Aircraft phased into operation each month No definition available.
|
X | ||||||||||
- Definition
Aircraft to be acquired by Republic Airlines No definition available.
|
X | ||||||||||
- Definition
Duration Of Unrecorded Unconditional Purchase Obligation No definition available.
|
X | ||||||||||
- Definition
First Class Seats No definition available.
|
X | ||||||||||
- Definition
Main Cabin Seats No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Aircraft Lease Commitment Future Minimum Quantity Required No definition available.
|
X | ||||||||||
- Definition
Aircraft Lease Commitment Future Minimum Quantity Required Current No definition available.
|
X | ||||||||||
- Definition
Aircraft Lease Commitment Future Minimum Quantity Required Five And Thereafter No definition available.
|
X | ||||||||||
- Definition
Aircraft Lease Commitment Future Minimum Quantity Required In Five Year No definition available.
|
X | ||||||||||
- Definition
Aircraft Lease Commitment Future Minimum Quantity Required In Four Year No definition available.
|
X | ||||||||||
- Definition
Aircraft Lease Commitment Future Minimum Quantity Required In Three Year No definition available.
|
X | ||||||||||
- Definition
Aircraft Lease Commitment Future Minimum Quantity Required In Two Year No definition available.
|
X | ||||||||||
- Definition
Operating Leases Purchase Future Minimum Payments Due No definition available.
|
X | ||||||||||
- Definition
Aircraft Purchase Commitment Future Minimum Quantity Required Current No definition available.
|
X | ||||||||||
- Definition
Aircraft Purchase Commitment Future Minimum Quantity Required Five And Thereafter No definition available.
|
X | ||||||||||
- Definition
Aircraft Purchase Commitment Future Minimum Quantity Required In Five Year No definition available.
|
X | ||||||||||
- Definition
Aircraft Purchase Commitment Future Minimum Quantity Required In Four Year No definition available.
|
X | ||||||||||
- Definition
Aircraft Purchase Commitment Future Minimum Quantity Required In Three Year No definition available.
|
X | ||||||||||
- Definition
Aircraft Purchase Commitment Future Minimum Quantity Required In Two Year No definition available.
|
X | ||||||||||
- Details
|
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.
|
Depreciation And Amortization (Details) (USD $)
|
Sep. 30, 2013
|
Dec. 31, 2012
|
---|---|---|
Depreciation, Depletion and Amortization [Abstract] | ||
Accumulated depreciation of owned equipment and property | $ 10,600,000,000 | $ 10,400,000,000 |
Accumulated amortization of equipment and property under capital leases | $ 242,000,000 | $ 205,000,000 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Income Taxes (Details) (USD $)
|
9 Months Ended | ||
---|---|---|---|
Sep. 30, 2013
|
Sep. 30, 2012
|
Dec. 31, 2012
|
|
Income Tax Disclosure [Abstract] | |||
Deferred tax asset valuation allowance | $ 5,000,000,000 | $ 5,100,000,000 | |
American Taxpayer Relief Act of 2012 Credit | $ 30,000,000 | $ 0 |
X | ||||||||||
- Definition
American Taxpayer Relief Act of 2012 Credit No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Indebtedness and Leases (Narrative) (Details) (USD $)
|
0 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | |||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 12, 2013
tranche
|
Dec. 31, 2013
|
Sep. 30, 2013
|
Sep. 30, 2013
financing_transaction
|
Jun. 30, 2013
|
Dec. 31, 2012
|
Sep. 30, 2013
Boeing 737-800 Aircraft [Member]
aircraft
|
Mar. 12, 2013
2013-1A/B EETC [Member] [Member]
|
Sep. 30, 2013
2013-1 EETC [Member]
Boeing 737-823 Aircraft [Member]
aircraft
|
Sep. 30, 2013
2013-1 EETC [Member]
Boeing 777-223 E R Aircraft [Member]
aircraft
|
Sep. 30, 2013
2013-1 EETC [Member]
Boeing 777-323 E R Aircraft [Member]
aircraft
|
Jun. 05, 2013
2013-1 C EETC [Member]
|
Sep. 30, 2013
2013-1 C EETC [Member]
|
Sep. 30, 2013
Refinancing EETC [Member]
|
Sep. 30, 2013
Refinancing EETC [Member]
Boeing 737-823 Aircraft [Member]
aircraft
|
Sep. 30, 2013
Refinancing EETC [Member]
Boeing 757-223 Aircraft [Member]
aircraft
|
Sep. 30, 2013
Refinancing EETC [Member]
Boeing 767-323 E R Aircraft [Member]
aircraft
|
Sep. 30, 2013
Refinancing EETC [Member]
Boeing 777-223 E R Aircraft [Member]
aircraft
|
Jul. 31, 2013
2013-2 EETC [Member] [Member]
|
Sep. 30, 2013
10.5% Senior Secured Notes Due 2012 [Member]
|
Sep. 30, 2013
Principal Not Subject To Compromise [Member]
|
Sep. 30, 2013
Principal Subject To Compromise [Member]
|
Sep. 30, 2013
Secured Debt, Tax Exempt [Member]
|
Sep. 30, 2013
Secured Debt [Member]
|
Sep. 30, 2013
Unsecured Debt [Member]
|
Sep. 30, 2013
Senior Secured Notes [Member]
7.50% Senior Secured Notes Due 2016 [Member]
|
Sep. 30, 2013
Senior Secured Notes [Member]
10.5% Senior Secured Notes Due 2012 [Member]
|
Sep. 30, 2013
Liabilities Subject to Compromise [Member]
|
Sep. 30, 2013
Accrued liabilities and other liabilities and deferred credits [Member]
|
Sep. 30, 2013
Term Loan [Member]
|
Aug. 05, 2013
Term Loan [Member]
|
Sep. 30, 2013
Revolving Credit Facility [Member]
|
Jun. 27, 2013
Revolving Credit Facility [Member]
|
Sep. 30, 2013
Interest Expense [Member]
|
||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||
Payments not made due to Chapter 11 Proceedings | $ 451,000,000 | $ 74,000,000 | |||||||||||||||||||||||||||||||||||||
Deferred rent credit | 95,000,000 | 307,000,000 | |||||||||||||||||||||||||||||||||||||
Guarantor obligations, maximum exposure, undiscounted | 1,500,000,000 | 5,200,000,000 | 842,000,000 | ||||||||||||||||||||||||||||||||||||
Number of tranches in private offering (tranches) | 2 | ||||||||||||||||||||||||||||||||||||||
2013-1 EETC Amount | 664,000,000 | 120,000,000 | |||||||||||||||||||||||||||||||||||||
2013-1 EETC Class A Interest Rate (percent) | 4.00% | ||||||||||||||||||||||||||||||||||||||
2013-1 EETC Class B Interest Rate (percent) | 5.625% | ||||||||||||||||||||||||||||||||||||||
Number of Aircraft to be Collateralized (aircraft) | 8 | 1 | 4 | 41 | 14 | 1 | 19 | ||||||||||||||||||||||||||||||||
2013-1 EETC Class C Interest Rate (percent) | 6.125% | ||||||||||||||||||||||||||||||||||||||
Maximum borrowing capacity | 1,900,000,000 | 1,000,000,000 | |||||||||||||||||||||||||||||||||||||
Amount outstanding | 1,900,000,000 | 0 | |||||||||||||||||||||||||||||||||||||
Prepayment fee (percent) | 1.00% | ||||||||||||||||||||||||||||||||||||||
Floor on basis spread (percent) | 1.00% | ||||||||||||||||||||||||||||||||||||||
Basis spread on variable rate (percent) | 3.75% | 3.50% | |||||||||||||||||||||||||||||||||||||
Minimum aggregate liquidity prior to merger | 1,500,000,000 | ||||||||||||||||||||||||||||||||||||||
Minimum aggregate liquidity following the merger | 2,000,000,000 | ||||||||||||||||||||||||||||||||||||||
TMAT Bonds | 216,000,000 | ||||||||||||||||||||||||||||||||||||||
Amount of Refinancing EETC to be offered pursuant to Rule 144A | 1,500,000,000 | ||||||||||||||||||||||||||||||||||||||
2013-2 EETC Amount | 1,400,000,000 | ||||||||||||||||||||||||||||||||||||||
Payments of Debt Extinguishment Costs | 54,000,000 | 19,000,000 | |||||||||||||||||||||||||||||||||||||
Premium on Tender to Holders of Existing Financings | 21,000,000 | ||||||||||||||||||||||||||||||||||||||
Write off of Deferred Debt Issuance Cost | 33,000,000 | ||||||||||||||||||||||||||||||||||||||
2013-2B/C EETC Amount | 785,000,000 | ||||||||||||||||||||||||||||||||||||||
2013-2 EETC Interest Rate | 4.95% | ||||||||||||||||||||||||||||||||||||||
Number of aircraft included in sale-leaseback arrangement (aircraft) | 25 | ||||||||||||||||||||||||||||||||||||||
Number of aircrafts delivered (aircraft) | 9 | ||||||||||||||||||||||||||||||||||||||
Number of financing transactions with collateral coverage tests (transactions) | 3 | ||||||||||||||||||||||||||||||||||||||
Debt instrument interest rate (percent) | 7.50% | 10.50% | |||||||||||||||||||||||||||||||||||||
Face amount of debt instrument | 450,000,000 | ||||||||||||||||||||||||||||||||||||||
Collateral already posted, aggregate fair value | $ 0 | [1] | $ 0 | [1] | $ 0 | [1] | $ 41,000,000 | ||||||||||||||||||||||||||||||||
|
X | ||||||||||
- Definition
2013-1 EETC Amount No definition available.
|
X | ||||||||||
- Definition
2013-1 EETC Class B Interest Rate No definition available.
|
X | ||||||||||
- Definition
2013-1 EETC Class C Interest Rate No definition available.
|
X | ||||||||||
- Definition
2013-1 EETC Class A Interest Rate No definition available.
|
X | ||||||||||
- Definition
2013-2A EETC Amount No definition available.
|
X | ||||||||||
- Definition
2013-2B/C EETC Amount No definition available.
|
X | ||||||||||
- Definition
2013-2 EETC Interest Rate No definition available.
|
X | ||||||||||
- Definition
Amount of Refinancing EETC to be offered pursuant to Rule 144A No definition available.
|
X | ||||||||||
- Definition
Debt Covenant, Minimum Aggregate Liquidity Following the Merger No definition available.
|
X | ||||||||||
- Definition
Debt Covenant, Minimum Aggregate Liquidity Prior to Merger No definition available.
|
X | ||||||||||
- Definition
Debt Instrument, Variable Rate Basis, Minimum No definition available.
|
X | ||||||||||
- Definition
Line of Credit Facility, Prepayment Fee Percentage No definition available.
|
X | ||||||||||
- Definition
Number of Aircraft Delivered And Financed Under Sale-Leaseback Arrangement No definition available.
|
X | ||||||||||
- Definition
Number of Aircraft Included in Sale-Leaseback Arrangement With a Leasing Company No definition available.
|
X | ||||||||||
- Definition
Number of Aircraft to be Collateralized No definition available.
|
X | ||||||||||
- Definition
Number of Financing Transactions with Collateral Coverage Tests No definition available.
|
X | ||||||||||
- Definition
Number of Tranches in Private Offering No definition available.
|
X | ||||||||||
- Definition
Payments Not Made Due to Chapter 11 Proceedings No definition available.
|
X | ||||||||||
- Definition
Premium on Tender to Holders of Existing Financings No definition available.
|
X | ||||||||||
- Definition
TMAT Bonds 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.
|
Indebtedness and Leases (Components Of Long-Term Debt) (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |
---|---|---|
Sep. 30, 2013
|
Dec. 31, 2012
|
|
Debt Instrument [Line Items] | ||
Less current maturities | $ 1,335 | $ 1,388 |
Long-term debt, less current maturities | 8,891 | 6,762 |
Secured Variable And Fixed Rate Indebtedness Due Through 2023 [Member]
|
||
Debt Instrument [Line Items] | ||
Effective interest rate percentage - minimum (percent) | 1.00% | |
Effective interest rate percentage - maximum (percent) | 10.00% | |
Debt instrument maturity year | Dec. 31, 2023 | |
6.00% - 8.50% Special Facility Revenue Bonds Due Through 2031 [Member]
|
||
Debt Instrument [Line Items] | ||
Percentage of debt instrument interest rate - minimum (percent) | 6.00% | |
Percentage of debt instrument interest rate - maximum (percent) | 8.50% | |
Debt instrument maturity year | Dec. 31, 2036 | |
Debt Not Subject To Compromise [Member]
|
||
Debt Instrument [Line Items] | ||
Long-term Debt | 10,226 | 8,150 |
Less current maturities | 1,335 | 1,388 |
Long-term debt, less current maturities | 8,891 | 6,762 |
Debt Not Subject To Compromise [Member] | Secured Variable And Fixed Rate Indebtedness Due Through 2023 [Member]
|
||
Debt Instrument [Line Items] | ||
Long-term Debt | 2,625 | 3,297 |
Effective interest rate percentage - minimum (percent) | 1.00% | |
Effective interest rate percentage - maximum (percent) | 10.50% | |
Debt instrument maturity year | Dec. 31, 2023 | |
Debt Not Subject To Compromise [Member] | Enhanced Equipment Trust Certificates Due Through 2025 [Member]
|
||
Debt Instrument [Line Items] | ||
Long-term Debt | 2,747 | 1,741 |
Percentage of debt instrument interest rate - minimum (percent) | 4.00% | |
Percentage of debt instrument interest rate - maximum (percent) | 7.00% | |
Debt instrument maturity year | Dec. 31, 2025 | |
Debt Not Subject To Compromise [Member] | 6.00% - 8.50% Special Facility Revenue Bonds Due Through 2031 [Member]
|
||
Debt Instrument [Line Items] | ||
Long-term Debt | 1,288 | 1,313 |
Percentage of debt instrument interest rate - minimum (percent) | 6.00% | |
Percentage of debt instrument interest rate - maximum (percent) | 8.50% | |
Debt instrument maturity year | Dec. 31, 2031 | |
Debt Not Subject To Compromise [Member] | 7.50% Senior Secured Notes Due 2016 [Member]
|
||
Debt Instrument [Line Items] | ||
Long-term Debt | 1,000 | 1,000 |
Percentage of debt instrument, interest rate (percent) | 7.50% | |
Debt instrument maturity year | Dec. 31, 2016 | |
Debt Not Subject To Compromise [Member] | 4.75% Senior Secured Credit Facility Due 2019 [Member]
|
||
Debt Instrument [Line Items] | ||
Long-term Debt | 1,886 | 0 |
Percentage of debt instrument, interest rate (percent) | 4.75% | |
Debt instrument maturity year | Dec. 31, 2019 | |
Debt Not Subject To Compromise [Member] | Advantage Miles Advance Purchase [Member]
|
||
Debt Instrument [Line Items] | ||
Long-term Debt | 652 | 772 |
Effective interest rate percentage (percent) | 8.30% | |
Debt instrument discount, net | 43 | |
Debt Not Subject To Compromise [Member] | Other Debt Obligations [Member]
|
||
Debt Instrument [Line Items] | ||
Long-term Debt | $ 28 | $ 27 |
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.
|
Indebtedness and Leases (Schedule Of Maturities Of Long-Term Debt) (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2013
|
---|---|
Debt Instrument [Line Items] | |
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year | $ 650 |
Long-term Debt, Maturities, Repayments of Principal in Year Two | 1,034 |
Long-term Debt, Maturities, Repayments of Principal in Year Three | 814 |
Long-term Debt, Maturities, Repayments of Principal in Year Four | 1,728 |
Long-term Debt, Maturities, Repayments of Principal in Year Five | 528 |
Long-term Debt, Maturities, Repayments of Principal Total | 4,754 |
Principal Not Subject To Compromise [Member]
|
|
Debt Instrument [Line Items] | |
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year | 568 |
Long-term Debt, Maturities, Repayments of Principal in Year Two | 887 |
Long-term Debt, Maturities, Repayments of Principal in Year Three | 814 |
Long-term Debt, Maturities, Repayments of Principal in Year Four | 1,728 |
Long-term Debt, Maturities, Repayments of Principal in Year Five | 528 |
Long-term Debt, Maturities, Repayments of Principal Total | 4,525 |
Principal Subject To Compromise [Member]
|
|
Debt Instrument [Line Items] | |
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year | 82 |
Long-term Debt, Maturities, Repayments of Principal in Year Two | 147 |
Long-term Debt, Maturities, Repayments of Principal in Year Three | 0 |
Long-term Debt, Maturities, Repayments of Principal in Year Four | 0 |
Long-term Debt, Maturities, Repayments of Principal in Year Five | 0 |
Long-term Debt, Maturities, Repayments of Principal Total | $ 229 |
X | ||||||||||
- Definition
Long-term Debt, Maturities, Repayments of Principal Total 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.
|
Indebtedness and Leases (Schedule Of Collateral Coverage Tests) (Details)
|
9 Months Ended |
---|---|
Sep. 30, 2013
aircraft
|
|
10.5% Senior Secured Notes Due 2012 [Member]
|
|
Debt Instrument [Line Items] | |
LTV Requirement | 43%; failure to meet collateral test requires posting of additional collateral |
LTV Requirement rate (percent) | 43.00% |
LTV as of Last Measurement Date (percent) | 56.60% |
Number of aircraft collateralized (aircraft) | 143 |
Senior Secured Notes [Member]
|
|
Debt Instrument [Line Items] | |
LTV Requirement | 1.5x Collateral valuation to amount of debt outstanding (67% LTV); failure to meet collateral test results in American paying 2% additional interest until the ratio is at least 1.5x; additional collateral can be posted, or debt repaid, to meet this test |
LTV Requirement rate (percent) | 67.00% |
LTV multiplier, collateral valuation to debt outstanding | 150.00% |
LTV penalty for not meeting requirements, increase in interest rate (percent) | 2.00% |
LTV as of Last Measurement Date (percent) | 38.70% |
Collateral Description | Generally, certain route authorities, take-off and landing slots, and rights to airport facilities used by American to operate certain services between the U.S. and London Heathrow, Tokyo Narita/Haneda, and China |
Revolving Credit Facility [Member]
|
|
Debt Instrument [Line Items] | |
LTV Requirement | 1.6x Collateral valuation to amount of debt outstanding (62.5% LTV); if collateral test is not met, American must post additional collateral and/or repay debt until the test is met |
LTV Requirement rate (percent) | 62.50% |
LTV multiplier, collateral valuation to debt outstanding | 160.00% |
LTV as of Last Measurement Date (percent) | 33.50% |
Collateral Description | Generally, certain route authorities, take-off and landing slots, and rights to airport facilities used by American to operate all services between the U.S. and South America |
MD-80 [Member] | 10.5% Senior Secured Notes Due 2012 [Member]
|
|
Debt Instrument [Line Items] | |
Number of aircraft collateralized (aircraft) | 74 |
B757-200 [Member] | 10.5% Senior Secured Notes Due 2012 [Member]
|
|
Debt Instrument [Line Items] | |
Number of aircraft collateralized (aircraft) | 41 |
B767-200ER [Member] | 10.5% Senior Secured Notes Due 2012 [Member]
|
|
Debt Instrument [Line Items] | |
Number of aircraft collateralized (aircraft) | 3 |
B767-300ER [Member] | 10.5% Senior Secured Notes Due 2012 [Member]
|
|
Debt Instrument [Line Items] | |
Number of aircraft collateralized (aircraft) | 25 |
X | ||||||||||
- Definition
Debt Instrument Number Of Aircrafts Collateralized No definition available.
|
X | ||||||||||
- Definition
Ltv As Of measurement Date No definition available.
|
X | ||||||||||
- Definition
LTV Multiplier, Collateral Valuation to Debt Outstanding No definition available.
|
X | ||||||||||
- Definition
LTV Penalty for Not Meeting Requirements, Increase in Interest Rate No definition available.
|
X | ||||||||||
- Definition
LTV Requirement Description No definition available.
|
X | ||||||||||
- Definition
LTV Requirement Rate No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Indebtedness and Leases Future Minimum Lease Payments (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2013
|
---|---|
Minimum Lease Payments [Abstract] | |
Operating Leases, Future Minimum Payments Due, Next Twelve Months | $ 324 |
Operating leases, future minimum payments, due in two years | 1,212 |
Operating leases, future minimum payments, due in three years | 1,139 |
Operating leases, future minimum payments, due in four years | 1,053 |
Operating leases, future minimum payments, due in five years | 998 |
Operating leases, future minimum payments, due thereafter | 6,250 |
Operating Leases, Future Minimum Payments Due | $ 10,976 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Operating Leases, Minimum Future Payments, Remainder of Fiscal 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 | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Fair Value Measurements (Summary Of Assets And Liabilities Measured At Fair Value On Recurring Basis) (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2013
|
Dec. 31, 2012
|
|||||
---|---|---|---|---|---|---|---|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Restricted Cash and Investments, Current | $ 935 | $ 850 | |||||
Fair Value, Equity, Level 1 to Level 2 Transfers, Amount | 56 | ||||||
Total [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 6,043 | ||||||
Restricted Cash and Investments, Current | 935 | [1] | |||||
Fuel derivative contracts, fair value, net | 58 | [1] | |||||
Fair value of assets and liabilities measured on recurring basis | 7,036 | ||||||
Total [Member] | Money Market Funds [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 543 | [1],[2] | |||||
Total [Member] | Government Agency Investments [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 1,136 | [1],[2] | |||||
Total [Member] | Repurchase Investments [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 209 | [1],[2] | |||||
Total [Member] | Corporate Obligations [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 3,448 | [1],[2] | |||||
Total [Member] | Bank Notes/Certificates Of Deposit/Time Deposits [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 707 | [1],[2] | |||||
Level 1 [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 543 | ||||||
Restricted Cash and Investments, Current | 879 | [1] | |||||
Fuel derivative contracts, fair value, net | 0 | [1] | |||||
Fair value of assets and liabilities measured on recurring basis | 1,422 | ||||||
Level 1 [Member] | Money Market Funds [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 543 | [1],[2] | |||||
Level 1 [Member] | Government Agency Investments [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 0 | [1],[2] | |||||
Level 1 [Member] | Repurchase Investments [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 0 | [1],[2] | |||||
Level 1 [Member] | Corporate Obligations [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 0 | [1],[2] | |||||
Level 1 [Member] | Bank Notes/Certificates Of Deposit/Time Deposits [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 0 | [1],[2] | |||||
Level 2 [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 5,500 | ||||||
Restricted Cash and Investments, Current | 56 | [1] | |||||
Fuel derivative contracts, fair value, net | 58 | [1] | |||||
Fair value of assets and liabilities measured on recurring basis | 5,614 | ||||||
Level 2 [Member] | Money Market Funds [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 0 | [1],[2] | |||||
Level 2 [Member] | Government Agency Investments [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 1,136 | [1],[2] | |||||
Level 2 [Member] | Repurchase Investments [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 209 | [1],[2] | |||||
Level 2 [Member] | Corporate Obligations [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 3,448 | [1],[2] | |||||
Level 2 [Member] | Bank Notes/Certificates Of Deposit/Time Deposits [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 707 | [1],[2] | |||||
Level 3 [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 0 | ||||||
Restricted Cash and Investments, Current | 0 | [1] | |||||
Fuel derivative contracts, fair value, net | 0 | [1] | |||||
Fair value of assets and liabilities measured on recurring basis | 0 | [2] | |||||
Level 3 [Member] | Money Market Funds [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 0 | [1],[2] | |||||
Level 3 [Member] | Government Agency Investments [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 0 | [1],[2] | |||||
Level 3 [Member] | Repurchase Investments [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 0 | [1],[2] | |||||
Level 3 [Member] | Corporate Obligations [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 0 | [1],[2] | |||||
Level 3 [Member] | Bank Notes/Certificates Of Deposit/Time Deposits [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 0 | [1],[2] | |||||
Maturity Dates Exceeding One Year [Member] | Government Agency Investments [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 635 | ||||||
Maturity Dates Exceeding One Year [Member] | Corporate Obligations [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | 1,600 | ||||||
Maturity Dates Exceeding One Year [Member] | Bank Notes/Certificates Of Deposit/Time Deposits [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Available-for-sale Securities, Fair Value Disclosure | $ 450 | ||||||
|
X | ||||||||||
- Definition
Cash Flow Hedge Derivative Instrument Assets At Fair Value, Net 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.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Fair Value Measurements (Long Term Debt And Current Maturities) (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |
---|---|---|
Sep. 30, 2013
|
Dec. 31, 2012
|
|
6.00% - 8.50% Special Facility Revenue Bonds Due Through 2031 [Member]
|
||
Debt Instrument [Line Items] | ||
Percentage of debt instrument interest rate - minimum (percent) | 6.00% | |
Percentage of debt instrument interest rate - maximum (percent) | 8.50% | |
Not Classified As Subject To Compromise [Member]
|
||
Debt Instrument [Line Items] | ||
Carrying Value | $ 10,226 | $ 8,150 |
Fair Value | 10,411 | 8,142 |
Not Classified As Subject To Compromise [Member] | Secured Variable And Fixed Rate Indebtedness Due Through 2023 [Member]
|
||
Debt Instrument [Line Items] | ||
Carrying Value | 2,625 | 3,297 |
Fair Value | 2,570 | 3,143 |
Not Classified As Subject To Compromise [Member] | Enhanced Equipment Trust Certificates Due Through 2025 [Member]
|
||
Debt Instrument [Line Items] | ||
Carrying Value | 2,747 | 1,741 |
Fair Value | 2,725 | 1,811 |
Not Classified As Subject To Compromise [Member] | 6.00% - 8.50% Special Facility Revenue Bonds Due Through 2031 [Member]
|
||
Debt Instrument [Line Items] | ||
Carrying Value | 1,288 | 1,313 |
Fair Value | 1,368 | 1,308 |
Percentage of debt instrument interest rate - minimum (percent) | 6.00% | |
Percentage of debt instrument interest rate - maximum (percent) | 8.50% | |
Not Classified As Subject To Compromise [Member] | 7.50% Senior Secured Notes Due 2016 [Member]
|
||
Debt Instrument [Line Items] | ||
Carrying Value | 1,000 | 1,000 |
Fair Value | 1,190 | 1,074 |
Percentage of debt instrument, interest rate (percent) | 7.50% | |
Not Classified As Subject To Compromise [Member] | 4.75% Senior Secured Credit Facility Due 2019 [Member]
|
||
Debt Instrument [Line Items] | ||
Carrying Value | 1,886 | 0 |
Fair Value | 1,872 | 0 |
Percentage of debt instrument, interest rate (percent) | 4.75% | |
Not Classified As Subject To Compromise [Member] | Advantage Miles Advance Purchase [Member]
|
||
Debt Instrument [Line Items] | ||
Carrying Value | 652 | 772 |
Fair Value | 658 | 779 |
Not Classified As Subject To Compromise [Member] | Other Liabilities [Member]
|
||
Debt Instrument [Line Items] | ||
Other Liabilities | 28 | 27 |
Other Liabilities, Fair Value Disclosure | 28 | 27 |
Classified As Subject to Compromise [Member]
|
||
Debt Instrument [Line Items] | ||
Carrying Value | 289 | 358 |
Fair Value | 283 | 340 |
Classified As Subject to Compromise [Member] | Secured Variable And Fixed Rate Indebtedness Due Through 2023 [Member]
|
||
Debt Instrument [Line Items] | ||
Carrying Value | 103 | 172 |
Fair Value | 107 | 154 |
Classified As Subject to Compromise [Member] | 6.00% - 8.50% Special Facility Revenue Bonds Due Through 2031 [Member]
|
||
Debt Instrument [Line Items] | ||
Carrying Value | 186 | 186 |
Fair Value | $ 176 | $ 186 |
Percentage of debt instrument interest rate - minimum (percent) | 6.00% | |
Percentage of debt instrument interest rate - maximum (percent) | 8.50% |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
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X | ||||||||||
- Definition
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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
No authoritative reference available. No definition available.
|
Retirement Benefits (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
0 Months Ended | 9 Months Ended |
---|---|---|
Oct. 15, 2013
|
Sep. 30, 2013
|
|
Defined Benefit Plan Disclosure [Line Items] | ||
Pilot Plan B - Distributed Assets | 99.00% | |
Pension Plans, Defined Benefit [Member]
|
||
Defined Benefit Plan Disclosure [Line Items] | ||
Employer contributions to defined benefit pension plans | $ 16.8 | $ 87.6 |
X | ||||||||||
- Definition
Pilot Plan B - Distributed Assets No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Retirement Benefits (Components Of Net Periodic Benefit Cost) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
Pension Plans, Defined Benefit [Member]
|
||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | $ 1 | $ 104 | $ 3 | $ 312 |
Interest cost | 164 | 191 | 490 | 573 |
Expected return on assets | (180) | (166) | (540) | (498) |
Amortization of Prior service cost | 7 | 3 | 21 | 10 |
Amortization of Unrecognized net (gain) loss | 23 | 63 | 69 | 187 |
Net periodic benefit cost | 15 | 195 | 43 | 584 |
Other Postretirement Benefit Plans, Defined Benefit [Member]
|
||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 0 | 15 | 0 | 45 |
Interest cost | 13 | 38 | 39 | 114 |
Expected return on assets | (4) | (4) | (12) | (12) |
Amortization of Prior service cost | (61) | (7) | (183) | (21) |
Amortization of Unrecognized net (gain) loss | (2) | (2) | (6) | (6) |
Net periodic benefit cost | $ (54) | $ 40 | $ (162) | $ 120 |
X | ||||||||||
- Definition
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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.
|
Special Charges And Restructuring Activities (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 12 Months Ended |
---|---|---|---|
Sep. 30, 2013
|
Sep. 30, 2013
|
Dec. 31, 2012
position
|
|
Restructuring Cost and Reserve [Line Items] | |||
Principal terms of new business, headcount reduced | 10,500 | ||
Restructuring Reserve [Roll Forward] | |||
Remaining accrual, beginning | $ 196 | ||
Special Charges | 19 | ||
Non-cash charges | (3) | ||
Adjustments | (4) | ||
Payments | (157) | ||
Remaining accrual, ending | 51 | 51 | 196 |
Merger related expenses | 13.8 | 35.4 | |
Facility Exit Costs [Member]
|
|||
Restructuring Reserve [Roll Forward] | |||
Remaining accrual, beginning | 4 | ||
Special Charges | 6 | ||
Non-cash charges | (3) | ||
Adjustments | (4) | ||
Payments | (3) | ||
Remaining accrual, ending | 0 | 0 | |
Employee Charges [Member]
|
|||
Restructuring Reserve [Roll Forward] | |||
Remaining accrual, beginning | 192 | ||
Special Charges | 13 | ||
Non-cash charges | 0 | ||
Adjustments | 0 | ||
Payments | (154) | ||
Remaining accrual, ending | $ 51 | $ 51 |
X | ||||||||||
- Definition
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X | ||||||||||
- Definition
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- Definition
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X | ||||||||||
- Definition
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- Details
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X | ||||||||||
- Definition
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|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Financial Instruments And Risk Management (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |
---|---|---|
Sep. 30, 2013
barrel
|
Dec. 31, 2012
|
|
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Number of barrels of jet fuel derivative contracts outstanding (barrels) | 19,000,000 | |
Fuel derivative maturity in months | 18 months | |
Price risk cash flow hedge derivative, at fair value, net | $ 51 | $ 62 |
Derivative instruments, gain (loss) reclassification from accumulated OCI to income, estimate of time to transfer | 12 months | |
Derivative instruments, gain (loss) reclassification from accumulated OCI to income, estimated net amount to be transferred | $ (9) |
X | ||||||||||
- Definition
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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- Details
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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.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Financial Instruments And Risk Management (Effect Of Derivative Instruments On Statements Of Operations) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|||||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||||||||
Derivative instruments, gain (loss) recognized in income, net | $ (25) | [1] | $ (10) | [1] | $ (2) | [1] | $ 10 | [1] | ||||||
Amount of gain (loss) recognized in income, ineffectiveness | 36 | [2] | 2 | [2] | 25 | [2] | (3) | [2] | ||||||
Fuel Derivative Contracts [Member]
|
||||||||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||||||||
Derivative instruments, gain (loss) reclassified from accumulated OCI into income, effective portion, net | $ (11) | [3] | $ (12) | [3] | $ (23) | [3] | $ 13 | [3] | ||||||
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Financial Instruments And Risk Management Financial Instruments and Risk Management - Effect on Statement of OCI (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|||||||
DerivativeInstruments-EffectOnStatementOfOCI [Line Items] | ||||||||||
Amount of gain (loss) recognized in OCI on derivative | $ 34 | $ 98 | $ (24) | $ 16 | ||||||
Fuel Derivative Contracts [Member]
|
||||||||||
DerivativeInstruments-EffectOnStatementOfOCI [Line Items] | ||||||||||
Derivative instruments, gain (loss) reclassified from accumulated OCI into income, effective portion, net | (11) | [1] | (12) | [1] | (23) | [1] | 13 | [1] | ||
Amount of gain (loss) recognized in OCI on derivative | $ 23 | [1] | $ 86 | $ (47) | [1] | $ 29 | [1] | |||
|
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- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Financial Instruments And Risk Management Financial Instruments and Risk Management (Gross and Net BS Presentation) (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2013
|
Dec. 31, 2012
|
||||||||
---|---|---|---|---|---|---|---|---|---|---|
Derivatives, Fair Value [Line Items] | ||||||||||
Derivative Asset, Fair Value, Amount Not Offset Against Collateral | $ 58 | [1] | $ 65 | [1] | ||||||
Cash Flow Hedge Derivative Instrument Assets at Fair Value | 58 | 65 | ||||||||
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | 0 | [2] | 0 | [2] | ||||||
Cash Flow Hedge Derivative Instrument, Net Assets (Liabilities), at Fair Value | 58 | 65 | ||||||||
fuel derivative instruments, at fair value | 0 | 0 | ||||||||
Cash Collateral received (Posted) | 0 | [3] | 0 | [3] | ||||||
Cash Flow Hedge Derivative Instruments - Total, including offset | $ 58 | $ 65 | ||||||||
|
X | ||||||||||
- Definition
Cash Flow Hedge Derivative Instrument, Net Assets (Liabilities), at Fair Value No definition available.
|
X | ||||||||||
- Definition
Cash Flow Hedge Derivative Instruments - Total, including offset 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
|
Accumulated Other Comprehensive Income (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended |
---|---|---|
Sep. 30, 2013
|
Sep. 30, 2013
|
|
Accumulated Other Comprehensive Income (Loss) Net Of Tax [Roll Forward] | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (3,088) | |
Other comprehensive income (loss) before reclassifications | (37) | |
Amounts reclassified from accumulated other comprehensive income (loss) | (22) | (76) |
Other Comprehensive Income (Loss), Net of Tax | (113) | |
Accumulated Other Comprehensive Income (Loss), Net of Tax | (3,201) | (3,201) |
Pension and retiree medical liability [Member]
|
||
Accumulated Other Comprehensive Income (Loss) Net Of Tax [Roll Forward] | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (2,322) | |
Other comprehensive income (loss) before reclassifications | 0 | |
Amounts reclassified from accumulated other comprehensive income (loss) | (99) | |
Other Comprehensive Income (Loss), Net of Tax | (99) | |
Accumulated Other Comprehensive Income (Loss), Net of Tax | (2,421) | (2,421) |
Unrealized gain (loss) on investments [Member]
|
||
Accumulated Other Comprehensive Income (Loss) Net Of Tax [Roll Forward] | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax | 2 | |
Other comprehensive income (loss) before reclassifications | (3) | |
Amounts reclassified from accumulated other comprehensive income (loss) | 0 | |
Other Comprehensive Income (Loss), Net of Tax | (3) | |
Accumulated Other Comprehensive Income (Loss), Net of Tax | (1) | (1) |
Derivative financial instruments [Member]
|
||
Accumulated Other Comprehensive Income (Loss) Net Of Tax [Roll Forward] | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax | 13 | |
Other comprehensive income (loss) before reclassifications | (34) | |
Amounts reclassified from accumulated other comprehensive income (loss) | 11 | 23 |
Other Comprehensive Income (Loss), Net of Tax | (11) | |
Accumulated Other Comprehensive Income (Loss), Net of Tax | 2 | 2 |
Income tax benefit (expense) [Member]
|
||
Accumulated Other Comprehensive Income (Loss) Net Of Tax [Roll Forward] | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (781) | |
Other comprehensive income (loss) before reclassifications | 0 | |
Amounts reclassified from accumulated other comprehensive income (loss) | 0 | |
Other Comprehensive Income (Loss), Net of Tax | 0 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax | (781) | (781) |
Prior Service Cost [Member] | Pension and retiree medical liability [Member]
|
||
Accumulated Other Comprehensive Income (Loss) Net Of Tax [Roll Forward] | ||
Amounts reclassified from accumulated other comprehensive income (loss) | (54) | (162) |
Actuarial Loss [Member] | Pension and retiree medical liability [Member]
|
||
Accumulated Other Comprehensive Income (Loss) Net Of Tax [Roll Forward] | ||
Amounts reclassified from accumulated other comprehensive income (loss) | $ 21 | $ 63 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amounts reclassified from accumulated other comprehensive income (loss) No definition available.
|
X | ||||||||||
- Definition
Other comprehensive income (loss) before reclassifications No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Accumulated Other Comprehensive Income Reclassifications out of Accumulated Other Comprehensive Income (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended |
---|---|---|
Sep. 30, 2013
|
Sep. 30, 2013
|
|
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Amounts reclassified from accumulated other comprehensive income (loss) | $ (22) | $ (76) |
Pension and retiree medical liability [Member]
|
||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Amounts reclassified from accumulated other comprehensive income (loss) | (99) | |
Derivative financial instruments [Member]
|
||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Amounts reclassified from accumulated other comprehensive income (loss) | 11 | 23 |
Prior Service Cost [Member] | Pension and retiree medical liability [Member]
|
||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Amounts reclassified from accumulated other comprehensive income (loss) | (54) | (162) |
Actuarial Loss [Member] | Pension and retiree medical liability [Member]
|
||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Amounts reclassified from accumulated other comprehensive income (loss) | $ 21 | $ 63 |
X | ||||||||||
- Definition
Amounts reclassified from accumulated other comprehensive income (loss) No definition available.
|
X | ||||||||||
- Details
|
Merger Agreement (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2013
|
---|---|
Business Combinations [Abstract] | |
Merger - Portion of Shares to US Air Stakeholders (percent) | 28.00% |
Merger - Portion of Shares to AMR Stakeholders (percent) | 72.00% |
Merger - AMR Termination Fee | $ 135 |
Merger - Termination Fee in Event of Breach | 195 |
AAG Convertible Preferred Stock, Conversion Amount, Maximum | 250 |
Merger - US Air Termination Fee | $ 55 |
Merger - Discount on Conversion Price of New American Stock (percent) | 3.50% |
Merger - Portion to Existing Stockholders (percent) | 3.50% |
Merger - Portion to Labor Related Claimholders (percent) | 23.60% |
X | ||||||||||
- Definition
AAG Convertible Preferred Stock, Conversion Amount, Maximum No definition available.
|
X | ||||||||||
- Definition
Merger - AMR Termination Fee No definition available.
|
X | ||||||||||
- Definition
Merger - Discount on Conversion Price of New American Stock No definition available.
|
X | ||||||||||
- Definition
Merger - Portion of Shares to AMR Stakeholders No definition available.
|
X | ||||||||||
- Definition
Merger - Portion of Shares to US Air Stakeholders No definition available.
|
X | ||||||||||
- Definition
Merger - Portion to Existing Stockholders No definition available.
|
X | ||||||||||
- Definition
Merger - Portion to Labor Related Claimholders No definition available.
|
X | ||||||||||
- Definition
Merger - Termination Fee in Event of Breach No definition available.
|
X | ||||||||||
- Definition
Merger - US Air Termination Fee No definition available.
|
X | ||||||||||
- Details
|