0000006201-25-000010 | 10-K | XBRL Viewer | American Airlines Group INC

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Valuation and Qualifying Accounts (Details) - Allowance for obsolescence of spare parts - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 728	$ 616	$ 634
Additions Charged to Statement of Operations Accounts	116	98	96
Deductions and Other	(47)	14	(114)
Balance at End of Year	797	728	616
American Airlines, Inc.
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	675	566	588
Additions Charged to Statement of Operations Accounts	94	83	82
Deductions and Other	(24)	26	(104)
Balance at End of Year	$ 745	$ 675	$ 566

Debt - Summary of Availability under Revolving Credit Facilities (Details) - Revolving Credit Facility - USD ($) $ in Millions	Jun. 04, 2029	Dec. 31, 2024	Jun. 04, 2024	Mar. 31, 2024
Line of Credit Facility [Line Items]
Line of credit facility, remaining borrowing capacity		$ 3,289
Credit Facility 2013
Line of Credit Facility [Line Items]
Line of credit facility, remaining borrowing capacity		500
Credit Facility 2013 \| Secured Debt
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 500
Long-term line of credit		0
Credit Facility 2014
Line of Credit Facility [Line Items]
Line of credit facility, remaining borrowing capacity		1,500
Credit Facility 2014 \| Secured Debt
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			1,500
Long-term line of credit		0
Credit Facility 2023
Line of Credit Facility [Line Items]
Line of credit facility, remaining borrowing capacity		890
Credit Facility 2023 \| Secured Debt
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			890
Long-term line of credit		0
Other facilities
Line of Credit Facility [Line Items]
Line of credit facility, remaining borrowing capacity		399
American Airlines, Inc.
Line of Credit Facility [Line Items]
Line of credit facility, remaining borrowing capacity		3,289
American Airlines, Inc. \| Credit Facility 2013
Line of Credit Facility [Line Items]
Line of credit facility, remaining borrowing capacity		500
American Airlines, Inc. \| Credit Facility 2013 \| Secured Debt
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			500
Long-term line of credit		0
American Airlines, Inc. \| Credit Facility 2014
Line of Credit Facility [Line Items]
Line of credit facility, remaining borrowing capacity		1,500
American Airlines, Inc. \| Credit Facility 2014 \| Secured Debt
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			1,500
Long-term line of credit		0
American Airlines, Inc. \| Credit Facility 2023
Line of Credit Facility [Line Items]
Line of credit facility, remaining borrowing capacity		890
American Airlines, Inc. \| Credit Facility 2023 \| Secured Debt
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 890
Long-term line of credit		0
American Airlines, Inc. \| Other facilities
Line of Credit Facility [Line Items]
Line of credit facility, remaining borrowing capacity		399
American Airlines, Inc. \| Cargo Receivable Facility
Line of Credit Facility [Line Items]
Line of credit facility, remaining borrowing capacity		49
American Airlines, Inc. \| 2013, 2014 and 2023 Credit Facilities \| Forecast
Line of Credit Facility [Line Items]
Line of credit facility, remaining borrowing capacity	$ 2,900
American Airlines, Inc. \| Other Revolving Facility
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity				$ 350
American Airlines, Inc. \| Other Revolving Facility \| Secured Debt
Line of Credit Facility [Line Items]
Long-term line of credit		$ 0

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Summary of Assets Measured at Fair Value on Recurring Basis

Assets measured at fair value on a recurring basis are summarized below (in millions):


	Fair Value Measurements as of December 31, 2024
	Total		Level 1		Level 2		Level 3
Short-term investments (1), (2):
Money market funds	$	680	$	680	$	—	$	—
Corporate obligations	2,909		—		2,909		—
Bank notes/certificates of deposit/time deposits	2,041		—		2,041		—
Repurchase agreements	550		—		550		—

	6,180		680		5,500		—
Restricted cash and short-term investments (1), (3)	732		442		290		—
Long-term investments (4)	161		161		—		—
Total	$	7,073	$	1,283	$	5,790	$	—


	Fair Value Measurements as of December 31, 2023
	Total		Level 1		Level 2		Level 3
Short-term investments (1):
Money market funds	$	818	$	818	$	—	$	—
Corporate obligations	4,046		—		4,046		—
Bank notes/certificates of deposit/time deposits	1,586		—		1,586		—
Repurchase agreements	450		—		450		—
U.S. government and agency obligations	100		—		100		—
	7,000		818		6,182		—
Restricted cash and short-term investments (1), (3)	910		459		451		—
Long-term investments (4)	163		163		—		—
Total	$	8,073	$	1,440	$	6,633	$	—

(1)All short-term investments are classified as available-for-sale and stated at fair value. Unrealized gains and losses are recorded in accumulated other comprehensive loss at each reporting period. There were no credit losses.

(2)Our short-term investments as of December 31, 2024 mature in one year or less.

(3)Restricted cash and short-term investments primarily include collateral held to support workers' compensation obligations and collateral associated with the payment of interest for the AAdvantage Financing. Restricted short-term investments mature in one year or less except for $155 million and $218 million as of December 31, 2024 and December 31, 2023, respectively.

(4)Long-term investments include our equity investments in China Southern Airlines Company Limited (China Southern Airlines), Vertical Aerospace Ltd. (Vertical) and GOL. See Note 8 for further information on our equity investments.

Schedule of Carrying Value and Estimated Fair Value of Long-Term Debt, Including Current Maturities

The carrying value and estimated fair value of our long-term debt, including current maturities, were as follows (in millions):


	December 31, 2024
	Carrying Value		Fair Value
			Total		Level 1		Level 2		Level 3
Long-term debt, including current maturities	$	29,813	$	30,010	$	—	$	26,402	$	3,608

	December 31, 2023
	Carrying Value		Fair Value
			Total		Level 1		Level 2		Level 3
Long-term debt, including current maturities	$	32,396	$	32,310	$	—	$	28,594	$	3,716

American Airlines, Inc.

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Summary of Assets Measured at Fair Value on Recurring Basis

Assets measured at fair value on a recurring basis are summarized below (in millions):


	Fair Value Measurements as of December 31, 2024
	Total		Level 1		Level 2		Level 3
Short-term investments (1), (2):
Money market funds	$	678	$	678	$	—	$	—
Corporate obligations	2,909		—		2,909		—
Bank notes/certificates of deposit/time deposits	2,040		—		2,040		—
Repurchase agreements	550		—		550		—

	6,177		678		5,499		—
Restricted cash and short-term investments (1), (3)	732		442		290		—
Long-term investments (4)	161		161		—		—
Total	$	7,070	$	1,281	$	5,789	$	—


	Fair Value Measurements as of December 31, 2023
	Total		Level 1		Level 2		Level 3
Short-term investments (1):
Money market funds	$	817	$	817	$	—	$	—
Corporate obligations	4,046		—		4,046		—
Bank notes/certificates of deposit/time deposits	1,585		—		1,585		—
Repurchase agreements	450		—		450		—
U.S. government and agency obligations	100		—		100		—
	6,998		817		6,181		—
Restricted cash and short-term investments (1), (3)	910		459		451		—
Long-term investments (4)	163		163		—		—
Total	$	8,071	$	1,439	$	6,632	$	—

(2)American’s short-term investments as of December 31, 2024 mature in one year or less.

(4)Long-term investments include American's equity investments in China Southern Airlines Company Limited (China Southern Airlines), Vertical Aerospace Ltd. (Vertical) and GOL. See Note 7 for further information on American’s equity investments.

Schedule of Carrying Value and Estimated Fair Value of Long-Term Debt, Including Current Maturities

The carrying value and estimated fair value of American’s long-term debt, including current maturities, were as follows (in millions):


	December 31, 2024
	Carrying Value		Fair Value
			Total		Level 1		Level 2		Level 3
Long-term debt, including current maturities	$	25,072	$	25,234	$	—	$	25,234	$	—

	December 31, 2023
	Carrying Value		Fair Value
			Total		Level 1		Level 2		Level 3
Long-term debt, including current maturities	$	27,177	$	27,008	$	—	$	27,008	$	—

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Taxes [Line Items]

Components of Income Tax Provision

The significant components of the income tax provision were (in millions):


	Year Ended December 31,
	2024		2023		2022
Current income tax benefit:
State, local and foreign	$	—	$	—	$	(6)


Deferred income tax provision:
Federal	285		268		59
State and local	23		31		6
Deferred income tax provision	308		299		65
Total income tax provision	$	308	$	299	$	59

Reconciliation of Income Tax Provision

The income tax provision differed from amounts computed at the statutory federal income tax rate as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Statutory income tax provision	$	242	$	235	$	39
State, local and foreign income tax provision, net of federal tax effect	21		22		—
Book expenses not deductible for tax purposes	44		38		22

Change in valuation allowance	—		3		—
Other, net	1		1		(2)
Income tax provision	$	308	$	299	$	59

Deferred Tax Assets and Liabilities

The components of our deferred tax assets and liabilities were (in millions):


	December 31,
	2024		2023
Deferred tax assets:
Net operating loss and other carryforwards	$	4,292	$	4,238
Loyalty program liability	1,799		1,774
Leases	1,596		1,758
Pension benefits	234		434
Postretirement benefits other than pension benefits	270		274
Rent expense	60		84


Other	775		902
Total deferred tax assets	9,026		9,464
Valuation allowance	(22)		(22)
Net deferred tax assets	9,004		9,442
Deferred tax liabilities:
Accelerated depreciation and amortization	(4,620)		(4,503)
Leases	(1,656)		(1,798)
Other	(252)		(262)
Total deferred tax liabilities	(6,528)		(6,563)
Net deferred tax asset	$	2,476	$	2,879

American Airlines, Inc.

Income Taxes [Line Items]

Components of Income Tax Provision

The significant components of the income tax provision were (in millions):


	Year Ended December 31,
	2024		2023		2022
Current income tax benefit:
State, local and foreign	$	—	$	—	$	(6)


Deferred income tax provision:
Federal	391		361		112
State and local	35		33		10
Deferred income tax provision	426		394		122
Total income tax provision	$	426	$	394	$	116

Reconciliation of Income Tax Provision

The income tax provision differed from amounts computed at the statutory federal income tax rate as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Statutory income tax provision	$	354	$	332	$	95
State, local and foreign income tax provision, net of federal tax effect	30		25		3
Book expenses not deductible for tax purposes	40		35		20

Change in valuation allowance	—		3		—
Other, net	2		(1)		(2)
Income tax provision	$	426	$	394	$	116

Deferred Tax Assets and Liabilities

The components of American’s deferred tax assets and liabilities were (in millions):


	December 31,
	2024		2023
Deferred tax assets:
Net operating loss and other carryforwards	$	3,891	$	3,960
Loyalty program liability	1,799		1,774
Leases	1,582		1,746
Pension benefits	228		428
Postretirement benefits other than pension benefits	270		273
Rent expense	59		84


Other	726		846
Total deferred tax assets	8,555		9,111
Valuation allowance	(12)		(12)
Net deferred tax assets	8,543		9,099
Deferred tax liabilities:
Accelerated depreciation and amortization	(4,599)		(4,479)
Leases	(1,642)		(1,786)
Other	(244)		(254)
Total deferred tax liabilities	(6,485)		(6,519)
Net deferred tax asset	$	2,058	$	2,580

Consolidated Statements of Comprehensive Income - American Airlines, Inc. - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net income	$ 846	$ 822	$ 127
Other comprehensive income (loss), net of tax:
Pension, retiree medical and other postretirement benefits	327	(312)	1,360
Investments	2	3	(3)
Total other comprehensive income (loss), net of tax	329	(309)	1,357
Total comprehensive income	1,175	513	1,484
American Airlines, Inc.
Net income	1,262	1,188	338
Other comprehensive income (loss), net of tax:
Pension, retiree medical and other postretirement benefits	320	(312)	1,354
Investments	2	3	(3)
Total other comprehensive income (loss), net of tax	322	(309)	1,351
Total comprehensive income	$ 1,584	$ 879	$ 1,689

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Consolidated Statements of Operations - American Airlines Group Inc. - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating revenues:
Total operating revenues	$ 54,211	$ 52,788	$ 48,971
Operating expenses:
Aircraft fuel and related taxes	11,418	12,257	13,791
Salaries, wages and benefits	16,021	14,580	12,972
Regional expenses	5,042	4,643	4,385
Maintenance, materials and repairs	3,794	3,265	2,684
Other rent and landing fees	3,303	2,928	2,730
Aircraft rent	1,242	1,369	1,395
Selling expenses	1,812	1,799	1,815
Depreciation and amortization	1,926	1,936	1,977
Special items, net	610	971	193
Other	6,429	6,006	5,422
Total operating expenses	51,597	49,754	47,364
Operating income	2,614	3,034	1,607
Nonoperating income (expense):
Interest income	468	591	216
Interest expense, net	(1,934)	(2,145)	(1,962)
Other income (expense), net	6	(359)	325
Total nonoperating expense, net	(1,460)	(1,913)	(1,421)
Income before income taxes	1,154	1,121	186
Income tax provision	308	299	59
Net income	$ 846	$ 822	$ 127
Earnings per common share:
Basic (in dollars per share)	$ 1.29	$ 1.26	$ 0.20
Diluted (in dollars per share)	$ 1.24	$ 1.21	$ 0.19
Weighted average shares outstanding (in thousands):
Basic (in shares)	656,996	653,612	650,345
Diluted (in shares)	721,300	719,669	655,122
Passenger
Operating revenues:
Total operating revenues	$ 49,586	$ 48,512	$ 44,568
Cargo
Operating revenues:
Total operating revenues	804	812	1,233
Other
Operating revenues:
Total operating revenues	$ 3,821	$ 3,464	$ 3,170

Consolidated Statements of Cash Flows - American Airlines Group Inc. - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Cash flows from operating activities:

Net income

$ 846

$ 822

$ 127

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

2,245

2,254

2,298

Debt extinguishment costs

267

Special items, net non-cash

(1)

226

Pension and postretirement

(82)

(13)

(405)

Deferred income tax provision

308

299

Share-based compensation, non-cash

102

Other, net

(249)

(205)

(37)

Changes in operating assets and liabilities:

Decrease (increase) in accounts receivable

(637)

Increase in other assets

(314)

(11)

(775)

Increase in accounts payable

257

209

360

Contributions to pension plans

(300)

(73)

(5)

Increase (decrease) in other liabilities

(149)

379

207

Net cash provided by operating activities

3,983

3,803

2,173

Cash flows from investing activities:

Capital expenditures and aircraft purchase deposits

(2,683)

(2,596)

(2,546)

Proceeds from sale-leaseback transactions and sale of property and equipment

654

230

147

Sales of short-term investments

8,013

8,861

14,972

Purchases of short-term investments

(7,194)

(7,323)

(11,257)

Decrease in restricted short-term investments

177

Purchase of equity investments

(321)

Other investing activities

275

(360)

Net cash provided by (used in) investing activities

(968)

(502)

636

Cash flows from financing activities:

Payments on long-term debt and finance leases

(4,467)

(7,718)

(3,752)

Proceeds from issuance of long-term debt

1,670

4,822

1,069

Other financing activities

(310)

Net cash used in financing activities

(2,794)

(3,206)

(2,631)

Net increase in cash and restricted cash

221

178

Cash and restricted cash at beginning of year

681

^[1]

586

^[1]

408

Cash and restricted cash at end of year

^[1]

902

681

586

Air traffic liability

Changes in operating assets and liabilities:

Increase (decrease) in customer liabilities

559

(545)

658

Loyalty program liability

Changes in operating assets and liabilities:

Increase (decrease) in customer liabilities

$ 727

$ 182

$ 10

[1]

The following table provides a reconciliation of cash and restricted cash to amounts reported within the consolidated balance sheets:


Cash	$	804	$	578	$	440
Restricted cash included in restricted cash and short-term investments	98		103		146
Total cash and restricted cash	$	902	$	681	$	586

Segment Disclosures	12 Months Ended
Segment Disclosures	Dec. 31, 2024
Segment Reporting Information [Line Items]
Segment Disclosures	Segment Disclosures Operating segments are defined as components of an enterprise for which separate financial information is available and regularly reviewed by the chief operating decision maker (CODM) in deciding how to allocate resources and in assessing performance. Our Chief Executive Officer is considered to be our CODM. We are managed as a single operating segment that provides scheduled air transportation for passengers and cargo, and includes our loyalty program. Along with our extensive domestic network, we provide international service to Canada, Mexico, the Caribbean, Central and South America, Europe, Qatar, China, Japan, Korea, India, Australia and New Zealand. See Note 1(m) for our passenger revenue by geographic region. Managing the business activities on a consolidated basis allows us to benefit from an integrated revenue pricing and route network that includes American and our wholly-owned and third-party regional carriers that fly under capacity purchase agreements operating as American Eagle. The flight equipment of all these carriers is combined to form one fleet that is deployed through a single route scheduling system. Our tangible assets consist primarily of flight equipment, which are mobile across geographic markets and, therefore, have not been allocated by geographic region. The measure of segment assets is reported on the balance sheet as total consolidated assets. Financial information and operational plans and forecasts are provided to and reviewed by our CODM at the consolidated level and are used to monitor forecast and budget versus actual results. Our CODM assesses performance and decides how to allocate resources based on net income which is reported on the statement of operations as consolidated net income. When making operational and resource allocation decisions, our CODM is indifferent to the results on a geographic region or on a mainline and regional carrier basis. The objective in making resource allocation decisions is to maximize consolidated financial results.
American Airlines, Inc.
Segment Reporting Information [Line Items]
Segment Disclosures	Segment Disclosures Operating segments are defined as components of an enterprise for which separate financial information is available and regularly reviewed by the chief operating decision maker (CODM) in deciding how to allocate resources and in assessing performance. American’s Chief Executive Officer is considered to be its CODM. American is managed as a single operating segment that provides scheduled air transportation for passengers and cargo, and includes American’s loyalty program. Along with its extensive domestic network, American provides international service to Canada, Mexico, the Caribbean, Central and South America, Europe, Qatar, China, Japan, Korea, India, Australia and New Zealand. See Note 1(m) for American’s passenger revenue by geographic region. Managing the business activities on a consolidated basis allows American to benefit from an integrated revenue pricing and route network that includes American and AAG’s wholly-owned and third-party regional carriers that fly under capacity purchase agreements operating as American Eagle. The flight equipment of all these carriers is combined to form one fleet that is deployed through a single route scheduling system. American’s tangible assets consist primarily of flight equipment, which are mobile across geographic markets and, therefore, have not been allocated by geographic region. The measure of segment assets is reported on the balance sheet as total consolidated assets. Financial information and operational plans and forecasts are provided to and reviewed by American’s CODM at the consolidated level and are used to monitor forecast and budget versus actual results. American’s CODM assesses performance and decides how to allocate resources based on net income which is reported on the statement of operations as consolidated net income. When making operational and resource allocation decisions, American’s CODM is indifferent to the results on a geographic region or on a mainline and regional carrier basis. The objective in making resource allocation decisions is to maximize consolidated financial results.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Debt - 10.75% Senior Secured Notes (Details) - USD ($)			1 Months Ended	12 Months Ended
Debt - 10.75% Senior Secured Notes (Details) - USD ($)	Feb. 04, 2025	Sep. 25, 2020	Dec. 31, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Redemption of outstanding principal amount				$ 4,467,000,000	$ 7,718,000,000	$ 3,752,000,000
American Airlines, Inc.
Debt Instrument [Line Items]
Redemption of outstanding principal amount				$ 3,973,000,000	$ 7,697,000,000	$ 2,991,000,000
American Airlines, Inc. \| 10.75% Senior Secured Notes \| Senior Notes
Debt Instrument [Line Items]
Fixed interest rate per annum		10.75%
Redemption price percentage		105.375%
American Airlines, Inc. \| Senior Secured IP Notes 10.75% Due 2026 \| Payment in Kind (PIK) Note
Debt Instrument [Line Items]
Aggregate principal issued		$ 1,000,000,000.0
Redemption of outstanding principal amount			$ 263,000,000
American Airlines, Inc. \| Senior Secured IP Notes 10.75% Due 2026 \| Payment in Kind (PIK) Note \| Subsequent Event
Debt Instrument [Line Items]
Redemption of outstanding principal amount	$ 308,000,000
American Airlines, Inc. \| Senior Secured LGA/DCA Notes 10.75% \| Payment in Kind (PIK) Note
Debt Instrument [Line Items]
Aggregate principal issued		$ 200,000,000

Commitments, Contingencies and Guarantees - Additional Information (Details)	1 Months Ended		12 Months Ended			84 Months Ended
	Nov. 30, 2024 USD ($)	Sep. 30, 2024 USD ($)	Dec. 31, 2024 USD ($) employee aircraft engine	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2024 USD ($) employee aircraft engine	Feb. 28, 2023 lawsuit	Dec. 07, 2022 plaintiff	Dec. 31, 2018 USD ($)
Long-term Purchase Commitment [Line Items]
Number of aircraft owned through financing under EETCs \| aircraft			292			292
Number of spare aircraft engines owned through financing under EETCs \| engine			60			60
Long-term debt			$ 30,118,000,000	$ 32,759,000,000		$ 30,118,000,000
Letters of credit outstanding and surety bonds, amount			343,000,000			343,000,000
Operating lease liabilities			$ 7,068,000,000	7,761,000,000		$ 7,068,000,000
Number of full-time equivalent employees \| employee			133,300			133,300
Financial Guarantee
Long-term Purchase Commitment [Line Items]
Outstanding guaranteed obligation			$ 250,000,000			$ 250,000,000
Allied Pilots Association
Long-term Purchase Commitment [Line Items]
Collective bargaining agreement, one-time payment				754,000,000
Association of Professional Flight Attendants
Long-term Purchase Commitment [Line Items]
Collective bargaining agreement, term		5 years
Collective bargaining agreement, one-time payment	$ 514,000,000
Workforce Subject to Collective-Bargaining Arrangements \| Unionized Employees Concentration Risk
Long-term Purchase Commitment [Line Items]
Percentage of employees covered by collective bargaining agreements with various labor unions			87.00%
Workforce Subject to Collective-Bargaining Arrangements Expiring within One Year \| Unionized Employees Concentration Risk
Long-term Purchase Commitment [Line Items]
Percentage of employees covered by collective bargaining agreements with various labor unions			6.00%
Private Party Antitrust Actions Related to the Northeast Alliance
Long-term Purchase Commitment [Line Items]
Number of private party plaintiffs who filed putative class action \| plaintiff								2
Number of additional putative class action lawsuits \| lawsuit							2
Restricted Cash
Long-term Purchase Commitment [Line Items]
Letters of credit outstanding and surety bonds, amount			$ 98,000,000			98,000,000
Leasehold Improvements \| LAX Modernization Project
Long-term Purchase Commitment [Line Items]
Airport development, amount									$ 1,600,000,000
Amount appropriated by the City of Los Angeles towards project									1,600,000,000
Amount recovered to date						1,200,000,000
Additional reimbursements expected to be received			450,000,000			$ 450,000,000
Non-proprietary improvements sold and transferred in current period			588,000,000	170,000,000
Airport redevelopment cost incurred in current year			$ 187,000,000	283,000,000	$ 241,000,000
Regional Carrier
Long-term Purchase Commitment [Line Items]
Number of full-time equivalent employees \| employee			30,600			30,600
Special Facility Revenue Bonds
Long-term Purchase Commitment [Line Items]
Guarantor obligations, maximum exposure, undiscounted			$ 503,000,000			$ 503,000,000
Operating lease liabilities			321,000,000			321,000,000
Secured Debt
Long-term Purchase Commitment [Line Items]
Long-term debt			25,372,000,000	27,526,000,000		25,372,000,000
Guarantor obligations, maximum exposure, undiscounted			15,200,000,000			15,200,000,000
Unsecured Debt
Long-term Purchase Commitment [Line Items]
Long-term debt			4,746,000,000	5,233,000,000		4,746,000,000
Line of Credit \| Regional Airports Improvement Corporation \| Revolving Credit Facility
Long-term Purchase Commitment [Line Items]
Line of credit facility, maximum borrowing capacity		$ 250,000,000
Enhanced Equipment Trust Certificates (EETC) \| Secured Debt
Long-term Purchase Commitment [Line Items]
Long-term debt			7,271,000,000	7,657,000,000		7,271,000,000
Special Facility Revenue Bonds \| Secured Debt
Long-term Purchase Commitment [Line Items]
Long-term debt			880,000,000	967,000,000		880,000,000
PSP1 Promissory Note \| Unsecured Debt
Long-term Purchase Commitment [Line Items]
Long-term debt			1,757,000,000	1,757,000,000		1,757,000,000
Convertible Senior Notes 6.50% Due 2025 \| Unsecured Debt
Long-term Purchase Commitment [Line Items]
Long-term debt			$ 1,000,000,000	1,000,000,000		$ 1,000,000,000
Fixed interest rate per annum			6.50%			6.50%
PSP2 Promissory Note \| Unsecured Debt
Long-term Purchase Commitment [Line Items]
Long-term debt			$ 1,030,000,000	1,030,000,000		$ 1,030,000,000
PSP3 Promissory Note \| Unsecured Debt
Long-term Purchase Commitment [Line Items]
Long-term debt			$ 959,000,000	959,000,000		$ 959,000,000
American Airlines, Inc.
Long-term Purchase Commitment [Line Items]
Number of aircraft owned through financing under EETCs \| aircraft			292			292
Number of spare aircraft engines owned through financing under EETCs \| engine			60			60
Long-term debt			$ 25,372,000,000			$ 25,372,000,000
Letters of credit outstanding and surety bonds, amount			343,000,000			343,000,000
Operating lease liabilities			$ 7,008,000,000	7,708,000,000		$ 7,008,000,000
Number of full-time equivalent employees \| employee			102,700			102,700
American Airlines, Inc. \| Financial Guarantee
Long-term Purchase Commitment [Line Items]
Outstanding guaranteed obligation			$ 250,000,000			$ 250,000,000
American Airlines, Inc. \| Allied Pilots Association
Long-term Purchase Commitment [Line Items]
Collective bargaining agreement, one-time payment				754,000,000
American Airlines, Inc. \| Association of Professional Flight Attendants
Long-term Purchase Commitment [Line Items]
Collective bargaining agreement, term		5 years
Collective bargaining agreement, one-time payment	$ 514,000,000
American Airlines, Inc. \| Workforce Subject to Collective-Bargaining Arrangements \| Unionized Employees Concentration Risk
Long-term Purchase Commitment [Line Items]
Percentage of employees covered by collective bargaining agreements with various labor unions			87.00%
American Airlines, Inc. \| Workforce Subject to Collective-Bargaining Arrangements Expiring within One Year \| Unionized Employees Concentration Risk
Long-term Purchase Commitment [Line Items]
Percentage of employees covered by collective bargaining agreements with various labor unions			1.00%
American Airlines, Inc. \| Private Party Antitrust Actions Related to the Northeast Alliance
Long-term Purchase Commitment [Line Items]
Number of private party plaintiffs who filed putative class action \| plaintiff								2
Number of additional putative class action lawsuits \| lawsuit							2
American Airlines, Inc. \| Leasehold Improvements \| LAX Modernization Project
Long-term Purchase Commitment [Line Items]
Airport development, amount									1,600,000,000
Amount appropriated by the City of Los Angeles towards project									$ 1,600,000,000
Amount recovered to date						1,200,000,000
Additional reimbursements expected to be received			$ 450,000,000			450,000,000
Non-proprietary improvements sold and transferred in current period			588,000,000	170,000,000
Airport redevelopment cost incurred in current year			187,000,000	283,000,000	$ 241,000,000
American Airlines, Inc. \| Special Facility Revenue Bonds
Long-term Purchase Commitment [Line Items]
Guarantor obligations, maximum exposure, undiscounted			503,000,000			503,000,000
American Airlines, Inc. \| Secured Debt
Long-term Purchase Commitment [Line Items]
Long-term debt			25,372,000,000	27,526,000,000		25,372,000,000
American Airlines, Inc. \| Line of Credit \| Revolving Credit Facility
Long-term Purchase Commitment [Line Items]
Line of credit facility, maximum borrowing capacity		$ 250,000,000
American Airlines, Inc. \| Enhanced Equipment Trust Certificates (EETC) \| Secured Debt
Long-term Purchase Commitment [Line Items]
Long-term debt			7,271,000,000	7,657,000,000		7,271,000,000
American Airlines, Inc. \| Special Facility Revenue Bonds \| Secured Debt
Long-term Purchase Commitment [Line Items]
Long-term debt			880,000,000	$ 967,000,000		880,000,000
American Airlines, Inc. \| PSP1 Promissory Note \| Unsecured Debt
Long-term Purchase Commitment [Line Items]
Guarantor obligations, maximum exposure, undiscounted			1,800,000,000			1,800,000,000
American Airlines, Inc. \| Convertible Senior Notes 6.50% Due 2025 \| Unsecured Debt
Long-term Purchase Commitment [Line Items]
Guarantor obligations, maximum exposure, undiscounted			$ 1,000,000,000.0			$ 1,000,000,000.0
Fixed interest rate per annum			6.50%			6.50%
American Airlines, Inc. \| PSP2 Promissory Note \| Unsecured Debt
Long-term Purchase Commitment [Line Items]
Guarantor obligations, maximum exposure, undiscounted			$ 1,000,000,000.0			$ 1,000,000,000.0
American Airlines, Inc. \| PSP3 Promissory Note \| Unsecured Debt
Long-term Purchase Commitment [Line Items]
Guarantor obligations, maximum exposure, undiscounted			$ 959,000,000			$ 959,000,000

Special Items, Net

12 Months Ended

Dec. 31, 2024

Restructuring Cost and Reserve [Line Items]

Special Items, Net

Special items, net on our consolidated statements of operations consisted of the following (in millions):


	Year Ended December 31,
	2024		2023		2022
Labor contract expenses (1)	$	605	$	989	$	—
A330 fleet-related adjustments (2)	(42)		—		149
Severance expenses	13		23		—
Litigation reserve adjustments	—		—		37


Other operating special items, net	34		(41)		7
Mainline operating special items, net	610		971		193






Regional operating special items, net (3)	33		8		5
Operating special items, net	643		979		198

Debt refinancing and extinguishment (4)	16		280		3
Mark-to-market adjustments on equity investments, net (5)	8		82		71
Nonoperating special items, net	24		362		74

Income tax special items, net	—		—		(9)

(1)Labor contract expenses for 2024 related to one-time charges resulting from the ratification of new collective bargaining agreements (CBAs) with our mainline flight attendants and passenger service team members, including one-time payments and adjustments to vacation accruals resulting from pay rate increases.

Labor contract expenses for 2023 related to one-time charges resulting from the ratification of a new CBA with our mainline pilots, including a one-time payment of $754 million as well as adjustments to other benefit-related items of $235 million.

(2)We retired our Airbus A330 fleet in 2020 as a result of the decline in demand for air travel due to the COVID-19 pandemic. In 2022, we recorded a non-cash impairment charge to write down the carrying value of our retired Airbus A330 fleet to their then estimated fair value due to the market conditions for certain used aircraft, and in 2024, we entered into a sales agreement for our remaining Airbus A330 aircraft, resulting in a $42 million gain.

(3)Regional operating special items, net for 2024 included a $33 million non-cash write down of regional aircraft resulting from the decision to permanently park 43 Embraer 145 aircraft.

(4)Debt refinancing and extinguishment costs in 2023 primarily included cash charges for premiums paid in connection with the early repayment of debt.

(5)Mark-to-market adjustments on equity investments, net included net unrealized gains and losses associated with certain equity investments. See Note 8 for further information related to our equity investments.

American Airlines, Inc.

Restructuring Cost and Reserve [Line Items]

Special Items, Net

Special items, net on American’s consolidated statements of operations consisted of the following (in millions):


	Year Ended December 31,
	2024		2023		2022
Labor contract expenses (1)	$	605	$	989	$	—
A330 fleet-related adjustments (2)	(42)		—		149
Severance expenses	13		23		—
Litigation reserve adjustments	—		—		37


Other operating special items, net	34		(41)		7
Mainline operating special items, net	610		971		193



Regional operating special items, net (3)	33		—		—
Operating special items, net	643		971		193

Debt refinancing and extinguishment (4)	16		280		1
Mark-to-market adjustments on equity investments, net (5)	8		82		71
Nonoperating special items, net	24		362		72

Income tax special items, net	—		—		(9)

(1)Labor contract expenses for 2024 related to one-time charges resulting from the ratification of new collective bargaining agreements (CBAs) with American’s mainline flight attendants and passenger service team members, including one-time payments and adjustments to vacation accruals resulting from pay rate increases.

Labor contract expenses for 2023 related to one-time charges resulting from the ratification of a new CBA with American’s mainline pilots, including a one-time payment of $754 million as well as adjustments to other benefit-related items of $235 million.

(2)American retired its Airbus A330 fleet in 2020 as a result of the decline in demand for air travel due to the COVID-19 pandemic. In 2022, American recorded a non-cash impairment charge to write down the carrying value of its retired Airbus A330 fleet to their then estimated fair value due to the market conditions for certain used aircraft, and in 2024, American entered into a sales agreement for its remaining Airbus A330 aircraft, resulting in a $42 million gain.

(3)Regional operating special items, net for 2024 included a $33 million non-cash write down of regional aircraft resulting from the decision to permanently park 43 Embraer 145 aircraft.

(4)Debt refinancing and extinguishment costs in 2023 primarily included cash charges for premiums paid in connection with the early repayment of debt.

(5)Mark-to-market adjustments on equity investments, net included net unrealized gains and losses associated with certain equity investments. See Note 7 for further information related to American’s equity investments.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Employee Benefit Plans - Schedule of Expected Future Service Benefit Payments (Details) $ in Millions	Dec. 31, 2024 USD ($)
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
2025	$ 962
2026	982
2027	1,001
2028	1,015
2029	1,025
2030-2034	5,149
Retiree Medical and Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
2025	159
2026	163
2027	160
2028	157
2029	153
2030-2034	651
American Airlines, Inc. \| Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
2025	957
2026	977
2027	995
2028	1,009
2029	1,019
2030-2034	5,115
American Airlines, Inc. \| Retiree Medical and Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
2025	158
2026	163
2027	160
2028	156
2029	153
2030-2034	$ 650

Basis of Presentation and Summary of Significant Accounting Policies - Operating Property and Equipment (Detail) - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Depreciation	$ 2.2	$ 2.3	$ 2.3
Minimum \| Aircraft, engines and related rotable parts
Property, Plant and Equipment [Line Items]
Residual value percentage of equipment and properties	5.00%
Estimated useful life	20 years
Minimum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Minimum \| Furniture, fixtures and other equipment
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Minimum \| Capitalized software
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Maximum \| Aircraft, engines and related rotable parts
Property, Plant and Equipment [Line Items]
Residual value percentage of equipment and properties	10.00%
Estimated useful life	30 years
Maximum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Estimated useful life	30 years
Maximum \| Furniture, fixtures and other equipment
Property, Plant and Equipment [Line Items]
Estimated useful life	15 years
Maximum \| Capitalized software
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years
American Airlines, Inc.
Property, Plant and Equipment [Line Items]
Depreciation	$ 2.2	$ 2.2	$ 2.2
American Airlines, Inc. \| Minimum \| Aircraft, engines and related rotable parts
Property, Plant and Equipment [Line Items]
Residual value percentage of equipment and properties	5.00%
Estimated useful life	20 years
American Airlines, Inc. \| Minimum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
American Airlines, Inc. \| Minimum \| Furniture, fixtures and other equipment
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
American Airlines, Inc. \| Minimum \| Capitalized software
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
American Airlines, Inc. \| Maximum \| Aircraft, engines and related rotable parts
Property, Plant and Equipment [Line Items]
Residual value percentage of equipment and properties	10.00%
Estimated useful life	30 years
American Airlines, Inc. \| Maximum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Estimated useful life	30 years
American Airlines, Inc. \| Maximum \| Furniture, fixtures and other equipment
Property, Plant and Equipment [Line Items]
Estimated useful life	15 years
American Airlines, Inc. \| Maximum \| Capitalized software
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets:
Net operating loss and other carryforwards	$ 4,292	$ 4,238
Loyalty program liability	1,799	1,774
Leases	1,596	1,758
Pension benefits	234	434
Postretirement benefits other than pension benefits	270	274
Rent expense	60	84
Other	775	902
Total deferred tax assets	9,026	9,464
Valuation allowance	(22)	(22)
Net deferred tax assets	9,004	9,442
Deferred tax liabilities:
Accelerated depreciation and amortization	(4,620)	(4,503)
Leases	(1,656)	(1,798)
Other	(252)	(262)
Total deferred tax liabilities	(6,528)	(6,563)
Net deferred tax asset	2,476	2,879
American Airlines, Inc.
Deferred tax assets:
Net operating loss and other carryforwards	3,891	3,960
Loyalty program liability	1,799	1,774
Leases	1,582	1,746
Pension benefits	228	428
Postretirement benefits other than pension benefits	270	273
Rent expense	59	84
Other	726	846
Total deferred tax assets	8,555	9,111
Valuation allowance	(12)	(12)
Net deferred tax assets	8,543	9,099
Deferred tax liabilities:
Accelerated depreciation and amortization	(4,599)	(4,479)
Leases	(1,642)	(1,786)
Other	(244)	(254)
Total deferred tax liabilities	(6,485)	(6,519)
Net deferred tax asset	$ 2,058	$ 2,580

Accumulated Other Comprehensive Loss - Reclassifications out of AOCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period, net of tax	$ 68	$ 65
Prior service cost
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period, net of tax	11	9
Actuarial loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period, net of tax	57	56
American Airlines, Inc.
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period, net of tax	68	65
American Airlines, Inc. \| Prior service cost
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period, net of tax	11	9
American Airlines, Inc. \| Actuarial loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period, net of tax	$ 57	$ 56

Debt - Unsecured Senior Notes (Details) - Unsecured Debt - Senior Notes 3.75% Matures 2025	Dec. 31, 2024 USD ($)
Debt Instrument [Line Items]
Fixed interest rate per annum	3.75%
Aggregate principal issued	$ 500,000,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/exampleRef
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1B
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1B
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 27: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org/1943274/2147482900/835-30-50-1

+ Details

Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2024

Other Significant Noncash Transactions [Line Items]

Supplemental Cash Flow Information

Supplemental disclosure of cash flow information and non-cash investing and financing activities are as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Non-cash investing and financing activities:
ROU assets acquired through operating leases	$	637	$	1,180	$	1,483
Property and equipment acquired through debt, finance leases and other	152		317		46
Operating leases converted to finance leases	293		5		107
Finance leases converted to operating leases	50		42		3



Supplemental information:
Interest paid, net	1,933		2,180		1,852
Income taxes paid	8		6		2

American Airlines, Inc.

Other Significant Noncash Transactions [Line Items]

Supplemental Cash Flow Information

Supplemental disclosure of cash flow information and non-cash investing and financing activities are as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Non-cash investing and financing activities:
ROU assets acquired through operating leases	$	614	$	1,172	$	1,448
Property and equipment acquired through debt, finance leases and other	151		317		46
Operating leases converted to finance leases	293		5		107
Finance leases converted to operating leases	50		42		3



Supplemental information:
Interest paid, net	1,806		2,058		1,716
Income taxes paid	8		6		2

Segment Disclosures (Details)	12 Months Ended
Segment Disclosures (Details)	Dec. 31, 2024 segment
Segment Reporting Information [Line Items]
Number of operating segments	1
American Airlines, Inc.
Segment Reporting Information [Line Items]
Number of operating segments	1

Debt - Special Facility Revenue Bonds (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	$ 1,670	$ 4,822	$ 1,069
American Airlines, Inc.
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	$ 1,670	$ 4,822	$ 1,069

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Fair Value Measurements - Schedule of Carrying Value and Estimated Fair Value of Long-Term Debt, Including Current Maturities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	$ 29,813	$ 32,396
Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	30,010	32,310
Estimate of Fair Value Measurement \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	0	0
Estimate of Fair Value Measurement \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	26,402	28,594
Estimate of Fair Value Measurement \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	3,608	3,716
American Airlines, Inc. \| Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	25,072	27,177
American Airlines, Inc. \| Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	25,234	27,008
American Airlines, Inc. \| Estimate of Fair Value Measurement \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	0	0
American Airlines, Inc. \| Estimate of Fair Value Measurement \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	25,234	27,008
American Airlines, Inc. \| Estimate of Fair Value Measurement \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	$ 0	$ 0

Debt - 8.50% Senior Secured Notes (Details) - 8.50% Senior Secured Notes - Senior Notes - American Airlines, Inc. $ in Billions	Feb. 15, 2023	Dec. 04, 2023 USD ($)
Debt Instrument [Line Items]
Fixed interest rate per annum		8.50%
Aggregate principal issued		$ 1.0
Debt instrument, minimum collateral coverage ratio	1.6
Debt instrument, special interest rate	2.00%
Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Redemption price percentage	100.00%
Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Redemption price percentage	108.50%
Percentage of principal amount redeemed	40.00%
Debt Instrument, Redemption, Period Three
Debt Instrument [Line Items]
Redemption price percentage	103.00%
Percentage of principal amount redeemed	10.00%

Investments (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Investments [Line Items]

Schedule of Equity Investments

Our equity investments, ownership interest and carrying value were as follows:


		Ownership Interest				Carrying Value (in millions)
		December 31,				December 31,
	Accounting Treatment	2024		2023		2024		2023
Republic Holdings	Equity Method	25.0	%	25.0	%	$	253	$	240
China Southern Airlines	Fair Value	1.5	%	1.5	%	142		115
Other investments (1)	Various					120		186
Total						$	515	$	541

(1)Primarily includes our investment in JetSMART Holdings Limited, which is accounted for under the equity method, and our investments in Vertical and GOL, which are each accounted for at fair value.

American Airlines, Inc.

Schedule of Investments [Line Items]

Schedule of Equity Investments

American’s equity investments, ownership interest and carrying value were as follows:


		Ownership Interest				Carrying Value (in millions)
		December 31,				December 31,
	Accounting Treatment	2024		2023		2024		2023
Republic Holdings	Equity Method	25.0	%	25.0	%	$	253	$	240
China Southern Airlines	Fair Value	1.5	%	1.5	%	142		115
Other investments (1)	Various					120		186
Total						$	515	$	541

(1)Primarily includes American’s investment in JetSMART Holdings Limited, which is accounted for under the equity method, and American’s investments in Vertical and GOL, which are each accounted for at fair value.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column A)(Footnote 2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 2))
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+ Details

Debt - 2013 Credit Facilities (Details) - USD ($)	Dec. 31, 2024	Dec. 19, 2024	Jun. 04, 2024	Dec. 18, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Total long-term debt	$ 30,118,000,000				$ 32,759,000,000
Covenant terms, minimum aggregate liquidity required	2,000,000,000.0
American Airlines, Inc.
Line of Credit Facility [Line Items]
Total long-term debt	25,372,000,000
Secured Debt
Line of Credit Facility [Line Items]
Total long-term debt	25,372,000,000				27,526,000,000
Secured Debt \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Total long-term debt	25,372,000,000				27,526,000,000
Credit Facility 2013 \| Secured Debt
Line of Credit Facility [Line Items]
Total long-term debt	980,000,000			$ 980,000,000	990,000,000
Covenant terms, minimum aggregate liquidity required				2,200,000,000
Credit Facility 2013 \| Secured Debt \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Total long-term debt	$ 980,000,000			980,000,000	$ 990,000,000
Covenant terms, minimum aggregate liquidity required				$ 2,200,000,000
Credit Facility 2013, Tenth Amendment \| Secured Debt
Line of Credit Facility [Line Items]
Interest rate margin	2.25%
Covenant terms, minimum aggregate liquidity required		$ 2,000,000,000
Aggregate principal issued		980,000,000
Credit Facility 2013, Tenth Amendment \| Secured Debt \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin	2.25%
Covenant terms, minimum aggregate liquidity required		2,000,000,000
Aggregate principal issued		$ 980,000,000
Credit Facility 2013, Tenth Amendment \| Secured Debt \| Base Rate
Line of Credit Facility [Line Items]
Floor interest rate		1.00%
Interest rate margin		1.25%
Credit Facility 2013, Tenth Amendment \| Secured Debt \| Base Rate \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Floor interest rate		1.00%
Interest rate margin		1.25%
Credit Facility 2013, Tenth Amendment \| Secured Debt \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Floor interest rate		0.00%
Interest rate margin		2.25%
Credit Facility 2013, Tenth Amendment \| Secured Debt \| Secured Overnight Financing Rate (SOFR) \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Floor interest rate		0.00%
Interest rate margin		2.25%
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 500,000,000
Long-term line of credit	$ 0
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 500,000,000
Long-term line of credit	$ 0
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| Base Rate
Line of Credit Facility [Line Items]
Floor interest rate			1.00%
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| Base Rate \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Floor interest rate			1.00%
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| Base Rate \| Interest Rate Margin One
Line of Credit Facility [Line Items]
Interest rate margin			2.00%
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| Base Rate \| Interest Rate Margin One \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin			2.00%
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| Base Rate \| Interest Rate Margin Two
Line of Credit Facility [Line Items]
Interest rate margin			2.25%
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| Base Rate \| Interest Rate Margin Two \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin			2.25%
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| Base Rate \| Interest Rate Margin Three
Line of Credit Facility [Line Items]
Interest rate margin			2.50%
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| Base Rate \| Interest Rate Margin Three \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin			2.50%
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Floor interest rate			0.00%
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| Secured Overnight Financing Rate (SOFR) \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Floor interest rate			0.00%
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin One
Line of Credit Facility [Line Items]
Interest rate margin			3.00%
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin One \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin			3.00%
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin Two
Line of Credit Facility [Line Items]
Interest rate margin			3.25%
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin Two \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin			3.25%
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin Three
Line of Credit Facility [Line Items]
Interest rate margin			3.50%
Revolving Credit Facility \| Credit Facility 2013 \| Secured Debt \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin Three \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin			3.50%
Letter of Credit \| Credit Facility 2013 \| Secured Debt
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 100,000,000
Letter of Credit \| Credit Facility 2013 \| Secured Debt \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 100,000,000

Basis of Presentation and Summary of Significant Accounting Policies - Regional Expenses (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Regional Expenses [Line Items]
Depreciation and amortization	$ 1,926	$ 1,936	$ 1,977
Aircraft rent	1,242	1,369	1,395
Capacity purchases from third-party regional carriers	$ 5,042	4,643	4,385
Republic Holdings
Regional Expenses [Line Items]
Ownership Interest	25.00%
Regional Carrier
Regional Expenses [Line Items]
Depreciation and amortization	$ 319	318	321
Aircraft rent	9	7	5
Regional Carrier \| Republic Holdings
Regional Expenses [Line Items]
Capacity purchases from third-party regional carriers	612	636	592
American Airlines, Inc.
Regional Expenses [Line Items]
Depreciation and amortization	1,919	1,927	1,969
Aircraft rent	1,242	1,369	1,395
Capacity purchases from third-party regional carriers	$ 5,009	4,619	4,345
American Airlines, Inc. \| Republic Holdings
Regional Expenses [Line Items]
Ownership Interest	25.00%
American Airlines, Inc. \| Regional Carrier
Regional Expenses [Line Items]
Depreciation and amortization	$ 279	271	269
Aircraft rent	9	7	5
American Airlines, Inc. \| Regional Carrier \| Republic Holdings
Regional Expenses [Line Items]
Capacity purchases from third-party regional carriers	$ 612	$ 636	$ 592

Employee Benefit Plans - Components of Net Periodic Benefit Cost (Income) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension Benefits
Defined benefit plans:
Service cost	$ 2	$ 2	$ 3
Interest cost	723	758	556
Expected return on assets	(978)	(918)	(1,138)
Amortization of:
Prior service cost (benefit)	0	18	28
Unrecognized net loss (gain)	105	106	156
Net periodic benefit cost (income)	(148)	(34)	(395)
Retiree Medical and Other Postretirement Benefits
Defined benefit plans:
Service cost	29	17	16
Interest cost	64	55	30
Expected return on assets	(10)	(11)	(12)
Amortization of:
Prior service cost (benefit)	14	(6)	(14)
Unrecognized net loss (gain)	(31)	(34)	(30)
Net periodic benefit cost (income)	66	21	(10)
American Airlines, Inc. \| Pension Benefits
Defined benefit plans:
Service cost	2	2	3
Interest cost	718	753	552
Expected return on assets	(973)	(914)	(1,133)
Amortization of:
Prior service cost (benefit)	0	18	28
Unrecognized net loss (gain)	105	106	156
Net periodic benefit cost (income)	(148)	(35)	(394)
American Airlines, Inc. \| Retiree Medical and Other Postretirement Benefits
Defined benefit plans:
Service cost	29	17	16
Interest cost	64	55	30
Expected return on assets	(10)	(11)	(12)
Amortization of:
Prior service cost (benefit)	14	(6)	(14)
Unrecognized net loss (gain)	(31)	(34)	(30)
Net periodic benefit cost (income)	$ 66	$ 21	$ (10)

Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2024

American Airlines, Inc.

Summary of Net Receivables (Payables) to Related Parties

The following represents the net receivables (payables) from or to related parties (in millions):


	December 31,
	2024		2023
AAG (1)	$	10,258	$	9,144
AAG’s wholly-owned subsidiaries (2)	(2,071)		(2,074)
Total	$	8,187	$	7,070

(1)The increase in American’s net related party receivable from AAG is due in part to American providing the cash funding for AAG’s financing transactions.

(2)The net payable to AAG’s wholly-owned subsidiaries consists primarily of amounts due under regional capacity purchase agreements with AAG’s wholly-owned regional airlines operating under the brand name of American Eagle.

Basis of Presentation and Summary of Significant Accounting Policies - Significant Contract Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Contract balances, liability	$ 16,813	$ 15,527
Loyalty program liability
Disaggregation of Revenue [Line Items]
Contract balances, liability	10,054	9,327
Air traffic liability
Disaggregation of Revenue [Line Items]
Contract balances, liability	6,759	6,200
American Airlines, Inc.
Disaggregation of Revenue [Line Items]
Contract balances, liability	16,813	15,527
American Airlines, Inc. \| Loyalty program liability
Disaggregation of Revenue [Line Items]
Contract balances, liability	10,054	9,327
American Airlines, Inc. \| Air traffic liability
Disaggregation of Revenue [Line Items]
Contract balances, liability	$ 6,759	$ 6,200

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Consolidated Statements of Stockholders' Deficit - American Airlines Group Inc. (Parenthetical) - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Issuance of shares of AAG common stock pursuant to employee stock plans net of shares withheld for cash taxes (in shares)	3,292,974	3,630,731	2,914,866

Special Items, Net (Details) $ in Millions	12 Months Ended
Special Items, Net (Details) $ in Millions	Dec. 31, 2024 USD ($) aircraft	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Restructuring Cost and Reserve [Line Items]
Operating special items, net	$ 643	$ 979	$ 198
Debt refinancing, extinguishment and other, net	16	280	3
Mark-to-market adjustments on equity and other investments, net	8	82	71
Nonoperating special items, net	24	362	74
Income tax special items, net	0	0	(9)
Allied Pilots Association
Restructuring Cost and Reserve [Line Items]
Collective bargaining agreement, one-time payment		754
Adjustments to other benefit-related items		235
Mainline
Restructuring Cost and Reserve [Line Items]
Labor contract expenses	605	989	0
A330 fleet-related adjustments	(42)	0	149
Severance expenses	13	23	0
Litigation reserve adjustments	0	0	37
Other operating special items, net	34	(41)	7
Operating special items, net	610	971	193
A330 fleet-related adjustments	42	0	(149)
Mainline \| Disposal Group, Disposed of by Sale, Not Discontinued Operations
Restructuring Cost and Reserve [Line Items]
A330 fleet-related adjustments	(42)
A330 fleet-related adjustments	42
Regional Carrier
Restructuring Cost and Reserve [Line Items]
Operating special items, net	33	8	5
Regional Carrier \| 43 Embraer 145 Aircraft
Restructuring Cost and Reserve [Line Items]
Operating special items, net	$ 33
Number of aircrafts permanently parked \| aircraft	43
American Airlines, Inc.
Restructuring Cost and Reserve [Line Items]
Operating special items, net	$ 643	971	193
Debt refinancing, extinguishment and other, net	16	280	1
Mark-to-market adjustments on equity and other investments, net	8	82	71
Nonoperating special items, net	24	362	72
Income tax special items, net	0	0	(9)
American Airlines, Inc. \| Allied Pilots Association
Restructuring Cost and Reserve [Line Items]
Collective bargaining agreement, one-time payment		754
Adjustments to other benefit-related items		235
American Airlines, Inc. \| Mainline
Restructuring Cost and Reserve [Line Items]
Labor contract expenses	605	989	0
A330 fleet-related adjustments	(42)	0	149
Severance expenses	13	23	0
Litigation reserve adjustments	0	0	37
Other operating special items, net	34	(41)	7
Operating special items, net	610	971	193
A330 fleet-related adjustments	42	0	(149)
American Airlines, Inc. \| Mainline \| Disposal Group, Disposed of by Sale, Not Discontinued Operations
Restructuring Cost and Reserve [Line Items]
A330 fleet-related adjustments	(42)
A330 fleet-related adjustments	42
American Airlines, Inc. \| Regional Carrier
Restructuring Cost and Reserve [Line Items]
Operating special items, net	33	$ 0	$ 0
American Airlines, Inc. \| Regional Carrier \| 43 Embraer 145 Aircraft
Restructuring Cost and Reserve [Line Items]
Operating special items, net	$ 33
Number of aircrafts permanently parked \| aircraft	43

Earnings Per Common Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Earnings Per Common Share

The following table provides the computation of basic and diluted earnings per common share (EPS) (in millions, except share and per share amounts):


	Year Ended December 31,
	2024		2023		2022
Basic EPS:
Net income	$	846	$	822	$	127
Weighted average common shares outstanding (in thousands)	656,996		653,612		650,345
Basic EPS	$	1.29	$	1.26	$	0.20

Diluted EPS:
Net income	$	846	$	822	$	127
Interest expense on 6.50% convertible senior notes	51		46		—
Net income for purposes of computing diluted EPS	$	897	$	868	$	127
Share computation for diluted EPS (in thousands):
Basic weighted average common shares outstanding	656,996		653,612		650,345
Dilutive effect of restricted stock unit awards	1,121		1,830		1,579
Dilutive effect of certain PSP Warrants and Treasury Loan Warrants	1,455		2,499		3,198
Assumed conversion of 6.50% convertible senior notes	61,728		61,728		—
Diluted weighted average common shares outstanding	721,300		719,669		655,122
Diluted EPS	$	1.24	$	1.21	$	0.19

The following were excluded from the calculation of diluted EPS because inclusion of such shares would be antidilutive (in thousands):


	Year Ended December 31,
	2024	2023	2022
Restricted stock unit awards	2,350	4,371	3,987
6.50% convertible senior notes	—	—	61,728

In addition, for the years ended December 31, 2024, 2023 and 2022, excluded from the calculation of diluted EPS because inclusion of such shares would be antidilutive, are certain shares underlying the warrants issued pursuant to (i) the payroll support program established under the Coronavirus Aid, Relief, and Economic Security Act (PSP1), (ii) the payroll support program established under the Subtitle A of Title IV of Division N of the Consolidated Appropriations Act, 2021 (PSP2), (iii) the payroll support program established under the American Rescue Plan Act of 2021 (PSP3) (collectively, the PSP Warrants) and (iv) the Loan and Guarantee Agreement with the U.S. Department of Treasury (Treasury Loan Warrants).

The table below provides a summary of the PSP Warrants and the Treasury Loan Warrants:


Warrants	Warrants Issued (shares, in thousands) (1)	Exercise Price ($)	Expiration
PSP1 Warrants	14,048	12.51	April 2025 to September 2025
PSP2 Warrants	6,576	15.66	January 2026 to April 2026
PSP3 Warrants	4,407	21.75	April 2026 to June 2026
Treasury Loan Warrants	4,396	12.51	September 2025

(1)The PSP Warrants and the Treasury Loan Warrants are subject to certain anti-dilution provisions, do not have any voting rights and are freely transferable, with registration rights. Each warrant will be exercisable either through net share settlement or cash, at our option. The warrants were issued solely as compensation to the U.S. Government related to entry into the PSP and Treasury Loan Agreements. No separate proceeds (apart from the financial assistance previously received in 2021 and 2020) were received upon issuance of the warrants or will be received upon exercise thereof.

Consolidated Balance Sheets - American Airlines Group Inc. (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accumulated amortization of intangibles	$ 841	$ 834
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,750,000,000	1,750,000,000
Common stock, shares issued (in shares)	657,566,166	654,273,192
Common stock, shares outstanding (in shares)	657,566,166	654,273,192

Debt - PSP Promissory Notes (Details) - PSP Promissory Notes $ in Billions	12 Months Ended
	Dec. 31, 2024 USD ($)
Debt Instrument [Line Items]
Aggregate principal issued	$ 3.7
Number of days within the occurrence of triggering event	30 days
Interest Rate First Five Years
Debt Instrument [Line Items]
Fixed interest rate per annum	1.00%
Interest Rate Years Six Through Ten
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
Floor interest rate	0.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Commitments, Contingencies and Guarantees - Aircraft, Engine and Other Purchase Commitments (Details) $ in Millions	Dec. 31, 2024 USD ($) aircraft	Dec. 31, 2023 USD ($)
Purchase Obligations
Equipment purchase deposits	$ 1,012	$ 760
B-787-9
Purchase Obligations
Number of aircraft, deferrable, scheduled to be delivered in 2024 \| aircraft	5
Aircraft Fuel, Flight Equipment Maintenance and Information Technology Support
Unrecorded Unconditional Purchase Obligations
2025	$ 4,600
2026	2,000
2027	1,500
2028	386
2029	502
Aircraft and Engine Commitments
Purchase Obligations
2025	2,169
2026	4,186
2027	4,003
2028	3,403
2029	3,345
2030 and Thereafter	9,009
Total	26,115
American Airlines, Inc.
Purchase Obligations
Equipment purchase deposits	1,012	$ 760
American Airlines, Inc. \| Aircraft Fuel, Flight Equipment Maintenance and Information Technology Support
Unrecorded Unconditional Purchase Obligations
2025	4,600
2026	2,000
2027	1,500
2028	381
2029	500
2030 and thereafter	3,400
American Airlines, Inc. \| Aircraft and Engine Commitments
Purchase Obligations
2025	2,169
2026	4,186
2027	4,003
2028	3,403
2029	3,345
2030 and Thereafter	9,009
Total	$ 26,115

Fair Value Measurements

12 Months Ended

Dec. 31, 2024

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value Measurements

Assets Measured at Fair Value on a Recurring Basis

Fair value is defined as the price that would be received from the sale of an asset or paid to transfer a liability (i.e., an exit price) on the measurement date in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability. Accounting standards include disclosure requirements around fair values used for certain financial instruments and establish a fair value hierarchy. The hierarchy prioritizes valuation inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. Each fair value measurement is reported in one of three levels:

•Level 1 – Observable inputs such as quoted prices in active markets;

•Level 2 – Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and

•Level 3 – Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

When available, we use quoted market prices to determine the fair value of our financial assets. If quoted market prices are not available, we measure fair value using valuation techniques that use, when possible, current market-based or independently-sourced market parameters, such as interest rates and currency rates.

We utilize the market approach to measure the fair value of our financial assets. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets. Our short-term investments, restricted cash and restricted short-term investments classified as Level 2 utilize significant observable inputs, other than quoted prices in active markets, for valuation of these securities. No changes in valuation techniques or inputs occurred during the year ended December 31, 2024.

Assets measured at fair value on a recurring basis are summarized below (in millions):


	Fair Value Measurements as of December 31, 2024
	Total		Level 1		Level 2		Level 3
Short-term investments (1), (2):
Money market funds	$	680	$	680	$	—	$	—
Corporate obligations	2,909		—		2,909		—
Bank notes/certificates of deposit/time deposits	2,041		—		2,041		—
Repurchase agreements	550		—		550		—

	6,180		680		5,500		—
Restricted cash and short-term investments (1), (3)	732		442		290		—
Long-term investments (4)	161		161		—		—
Total	$	7,073	$	1,283	$	5,790	$	—


	Fair Value Measurements as of December 31, 2023
	Total		Level 1		Level 2		Level 3
Short-term investments (1):
Money market funds	$	818	$	818	$	—	$	—
Corporate obligations	4,046		—		4,046		—
Bank notes/certificates of deposit/time deposits	1,586		—		1,586		—
Repurchase agreements	450		—		450		—
U.S. government and agency obligations	100		—		100		—
	7,000		818		6,182		—
Restricted cash and short-term investments (1), (3)	910		459		451		—
Long-term investments (4)	163		163		—		—
Total	$	8,073	$	1,440	$	6,633	$	—

(2)Our short-term investments as of December 31, 2024 mature in one year or less.

Fair Value of Debt

The fair value of our long-term debt was estimated using quoted market prices or discounted cash flow analyses based on our current estimated incremental borrowing rates for similar types of borrowing arrangements. The fair value of the Convertible Notes, which would have been classified as Level 2, was $1.2 billion and $1.1 billion as of December 31, 2024 and December 31, 2023, respectively.

The carrying value and estimated fair value of our long-term debt, including current maturities, were as follows (in millions):


	December 31, 2024
	Carrying Value		Fair Value
			Total		Level 1		Level 2		Level 3
Long-term debt, including current maturities	$	29,813	$	30,010	$	—	$	26,402	$	3,608

	December 31, 2023
	Carrying Value		Fair Value
			Total		Level 1		Level 2		Level 3
Long-term debt, including current maturities	$	32,396	$	32,310	$	—	$	28,594	$	3,716

American Airlines, Inc.

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value Measurements

Assets Measured at Fair Value on a Recurring Basis

•Level 1 – Observable inputs such as quoted prices in active markets;

•Level 2 – Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and

•Level 3 – Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

When available, American uses quoted market prices to determine the fair value of its financial assets. If quoted market prices are not available, American measures fair value using valuation techniques that use, when possible, current market-based or independently-sourced market parameters, such as interest rates and currency rates.

American utilizes the market approach to measure the fair value of its financial assets. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets. American’s short-term investments, restricted cash and restricted short-term investments classified as Level 2 utilize significant observable inputs, other than quoted prices in active markets, for valuation of these securities. No changes in valuation techniques or inputs occurred during the year ended December 31, 2024.

Assets measured at fair value on a recurring basis are summarized below (in millions):


	Fair Value Measurements as of December 31, 2024
	Total		Level 1		Level 2		Level 3
Short-term investments (1), (2):
Money market funds	$	678	$	678	$	—	$	—
Corporate obligations	2,909		—		2,909		—
Bank notes/certificates of deposit/time deposits	2,040		—		2,040		—
Repurchase agreements	550		—		550		—

	6,177		678		5,499		—
Restricted cash and short-term investments (1), (3)	732		442		290		—
Long-term investments (4)	161		161		—		—
Total	$	7,070	$	1,281	$	5,789	$	—


	Fair Value Measurements as of December 31, 2023
	Total		Level 1		Level 2		Level 3
Short-term investments (1):
Money market funds	$	817	$	817	$	—	$	—
Corporate obligations	4,046		—		4,046		—
Bank notes/certificates of deposit/time deposits	1,585		—		1,585		—
Repurchase agreements	450		—		450		—
U.S. government and agency obligations	100		—		100		—
	6,998		817		6,181		—
Restricted cash and short-term investments (1), (3)	910		459		451		—
Long-term investments (4)	163		163		—		—
Total	$	8,071	$	1,439	$	6,632	$	—

(2)American’s short-term investments as of December 31, 2024 mature in one year or less.

Fair Value of Debt

The fair value of American’s long-term debt was estimated using quoted market prices or discounted cash flow analyses based on American’s current estimated incremental borrowing rates for similar types of borrowing arrangements.

The carrying value and estimated fair value of American’s long-term debt, including current maturities, were as follows (in millions):


	December 31, 2024
	Carrying Value		Fair Value
			Total		Level 1		Level 2		Level 3
Long-term debt, including current maturities	$	25,072	$	25,234	$	—	$	25,234	$	—

	December 31, 2023
	Carrying Value		Fair Value
			Total		Level 1		Level 2		Level 3
Long-term debt, including current maturities	$	27,177	$	27,008	$	—	$	27,008	$	—

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Consolidated Balance Sheets - American Airlines Group Inc. - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets, Current [Abstract]
Cash	$ 804	$ 578	$ 440
Short-term investments	6,180	7,000
Restricted cash and short-term investments	732	910
Accounts receivable, net	2,006	2,026
Aircraft fuel, spare parts and supplies, net	2,638	2,400
Prepaid expenses and other	794	658
Total current assets	13,154	13,572
Operating property and equipment
Flight equipment	43,521	41,794
Ground property and equipment	10,202	10,307
Equipment purchase deposits	1,012	760
Total property and equipment, at cost	54,735	52,861
Less accumulated depreciation and amortization	(23,608)	(22,097)
Total property and equipment, net	31,127	30,764
Operating lease right-of-use assets	7,333	7,939
Other assets
Goodwill	4,091	4,091
Intangibles, net of accumulated amortization of $841 and $834, respectively	2,044	2,051
Deferred tax asset	2,485	2,888
Other assets	1,549	1,753
Total other assets	10,169	10,783
Total assets	61,783	63,058
Current liabilities
Current maturities of long-term debt and finance leases	5,322	3,632
Accounts payable	2,455	2,353
Accrued salaries and wages	2,150	2,377
Operating lease liabilities	1,092	1,309
Other accrued liabilities	2,961	2,738
Total current liabilities	24,295	22,062
Noncurrent liabilities
Long-term debt and finance leases, net of current maturities	25,154	29,270
Pension and postretirement benefits	2,128	3,044
Loyalty program liability	6,498	5,874
Operating lease liabilities	5,976	6,452
Other liabilities	1,709	1,558
Total noncurrent liabilities	41,465	46,198
Commitments and contingencies
Stockholders’ equity (deficit)
Common stock, $0.01 par value; 1,750,000,000 shares authorized, 657,566,166 shares issued and outstanding at December 31, 2024; 654,273,192 shares issued and outstanding at December 31, 2023	7	7
Additional paid-in capital	7,424	7,374
Accumulated other comprehensive loss	(4,565)	(4,894)
Retained deficit	(6,843)	(7,689)
Total stockholders’ deficit	(3,977)	(5,202)	$ (5,799)	$ (7,340)
Total liabilities and stockholders’ equity (deficit)	61,783	63,058
Air traffic liability
Current liabilities
Air traffic/Loyalty program liabilities	6,759	6,200
Loyalty program liability
Current liabilities
Air traffic/Loyalty program liabilities	$ 3,556	$ 3,453

Share Based Compensation - Additional Information (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	May 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation costs	$ 130	$ 102	$ 78
Common stock withheld or sold related to tax obligations (in shares)	1.6	1.5	1.2
Payment of certain tax withholding obligations associated with employee equity awards	$ 27	$ 23	$ 21
Restricted stock unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Restricted Stock Units (RSUs), Stock Settled
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 46
Recognition period	1 year
Total fair value of stock-settled during the year	$ 69	78	70
CRSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 83
Recognition period	1 year
Liability related to cash settled awards	$ 39
Cash paid for awards vested	18
2023 Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for grant (in shares)				17.2
American Airlines, Inc.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation costs	$ 124	$ 97	$ 75
Common stock withheld or sold related to tax obligations (in shares)	1.6	1.5	1.2
Payment of certain tax withholding obligations associated with employee equity awards	$ 27	$ 23	$ 21
American Airlines, Inc. \| Restricted stock unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
American Airlines, Inc. \| Restricted Stock Units (RSUs), Stock Settled
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 44
Recognition period	1 year
Total fair value of stock-settled during the year	$ 69	$ 78	$ 70
American Airlines, Inc. \| CRSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 77
Recognition period	1 year
Liability related to cash settled awards	$ 39
Cash paid for awards vested	$ 18
American Airlines, Inc. \| 2023 Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for grant (in shares)				17.2

Consolidated Statements of Cash Flows - American Airlines, Inc. (Parenthetical) - USD ($)
$ in Millions

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Cash

$ 804

$ 578

$ 440

Restricted cash included in restricted cash and short-term investments

103

146

Total cash and restricted cash

^[1]

902

681

586

American Airlines, Inc.

Cash

795

567

429

Restricted cash included in restricted cash and short-term investments

103

146

Total cash and restricted cash

^[2]

$ 893

$ 670

$ 575

[1]

The following table provides a reconciliation of cash and restricted cash to amounts reported within the consolidated balance sheets:


Cash	$	804	$	578	$	440
Restricted cash included in restricted cash and short-term investments	98		103		146
Total cash and restricted cash	$	902	$	681	$	586

[2]

The following table provides a reconciliation of cash and restricted cash to amounts reported within the consolidated balance sheets:


Cash	$	795	$	567	$	429
Restricted cash included in restricted cash and short-term investments	98		103		146
Total cash and restricted cash	$	893	$	670	$	575

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References + Details

Basis of Presentation and Summary of Significant Accounting Policies - Significant Categories of Reported Operating Revenues (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue from External Customer [Line Items]
Total operating revenues	$ 54,211	$ 52,788	$ 48,971
Passenger
Revenue from External Customer [Line Items]
Total operating revenues	49,586	48,512	44,568
Passenger travel
Revenue from External Customer [Line Items]
Total operating revenues	45,743	44,914	41,425
Loyalty revenue - travel
Revenue from External Customer [Line Items]
Total operating revenues	3,843	3,598	3,143
Cargo
Revenue from External Customer [Line Items]
Total operating revenues	804	812	1,233
Other
Revenue from External Customer [Line Items]
Total operating revenues	3,821	3,464	3,170
Loyalty revenue - marketing services
Revenue from External Customer [Line Items]
Total operating revenues	3,257	2,929	2,657
Other revenue
Revenue from External Customer [Line Items]
Total operating revenues	564	535	513
American Airlines, Inc.
Revenue from External Customer [Line Items]
Total operating revenues	54,204	52,784	48,965
American Airlines, Inc. \| Passenger
Revenue from External Customer [Line Items]
Total operating revenues	49,586	48,512	44,568
American Airlines, Inc. \| Passenger travel
Revenue from External Customer [Line Items]
Total operating revenues	45,743	44,914	41,425
American Airlines, Inc. \| Loyalty revenue - travel
Revenue from External Customer [Line Items]
Total operating revenues	3,843	3,598	3,143
American Airlines, Inc. \| Cargo
Revenue from External Customer [Line Items]
Total operating revenues	804	812	1,233
American Airlines, Inc. \| Other
Revenue from External Customer [Line Items]
Total operating revenues	3,814	3,460	3,164
American Airlines, Inc. \| Loyalty revenue - marketing services
Revenue from External Customer [Line Items]
Total operating revenues	3,257	2,929	2,657
American Airlines, Inc. \| Other revenue
Revenue from External Customer [Line Items]
Total operating revenues	$ 557	$ 531	$ 507

Earnings Per Common Share - Computation of Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Basic EPS:
Net income	$ 846	$ 822	$ 127
Weighted average common shares outstanding (in shares)	656,996	653,612	650,345
Basic EPS (in dollars per share)	$ 1.29	$ 1.26	$ 0.20
Diluted EPS:
Net income	$ 846	$ 822	$ 127
Interest expense on 6.50% convertible senior notes	51	46	0
Net income for purposes of computing diluted EPS	$ 897	$ 868	$ 127
Share computation for diluted EPS:
Basic weighted average common shares outstanding (in shares)	656,996	653,612	650,345
Dilutive effect of stock awards (in shares)	1,121	1,830	1,579
Dilutive effect of certain PSP Warrants and Treasury Loan Warrants (in shares)	1,455	2,499	3,198
Assumed conversion of 6.50% convertible senior notes (in shares)	61,728	61,728	0
Diluted weighted average common shares outstanding (in shares)	721,300	719,669	655,122
Diluted EPS (in dollars per share)	$ 1.24	$ 1.21	$ 0.19

Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Instrument [Line Items]

Schedule of Long-Term Debt

Long-term debt included on our consolidated balance sheets consisted of (in millions):


	December 31,
	2024		2023
Secured
2013 Term Loan Facility, variable interest rate of 6.65%, installments until due in February 2028 (a)	$	980	$	990
2014 Term Loan Facility, variable interest rate of 6.17%, installments until due in January 2027 (a)	1,171		1,183
2023 Term Loan Facility, variable interest rate of 6.96%, installments until due in June 2029 (a)	1,089		1,100
10.75% senior secured IP notes, interest and principal payments due through February 2026 (b)	781		1,000
10.75% senior secured LGA/DCA notes, interest and principal payments due through February 2026 (b)	156		200
7.25% senior secured notes, interest only payments until due in February 2028 (b)	750		750
8.50% senior secured notes, interest only payments until due in May 2029 (b)	1,000		1,000
5.50% senior secured notes, installments until due in April 2026 (c)	1,750		2,917
5.75% senior secured notes, installments beginning in July 2026 until due in April 2029 (c)	3,000		3,000
AAdvantage Term Loan Facility, variable interest rate of 9.63%, installments until due in April 2028 (c)	2,450		3,150
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 2.88% to 7.15%, averaging 3.84%, maturing from 2025 to 2034 (d)	7,271		7,657
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.55% to 7.25%, averaging 6.17%, maturing from 2025 to 2036 (e)	4,094		3,612
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036	880		967
	25,372		27,526
Unsecured
PSP1 Promissory Note, interest only payments until due in April 2030 (f)	1,757		1,757
PSP2 Promissory Note, interest only payments until due in January 2031 (f)	1,030		1,030
PSP3 Promissory Note, interest only payments until due in April 2031 (f)	959		959
6.50% convertible senior notes, interest only payments until due in July 2025 (g)	1,000		1,000
3.75% senior notes, interest only payments until due in March 2025 (h)	—		487
	4,746		5,233
Total long-term debt	30,118		32,759
Less: Total unamortized debt discount, premium and issuance costs	305		363
Less: Current maturities	5,196		3,501
Long-term debt, net of current maturities	$	24,617	$	28,895

Schedule of Credit Facilities

As of December 31, 2024, the maximum availability under our revolving credit and other facilities is as follows (in millions):


2013 Revolving Facility	$	500
2014 Revolving Facility	1,500
2023 Revolving Facility	890
Other facilities	399
Total	$	3,289

Schedule of Maturities of Long-Term Debt and Capital Lease Obligations

At December 31, 2024, the maturities of long-term debt are as follows (in millions):


2025	$	5,196
2026	4,201
2027	4,983
2028	5,304
2029	3,890
2030 and thereafter	6,544
Total	$	30,118

Schedule of Convertible Debt

The following table provides information relating to the Convertible Notes as of December 31, 2024 and 2023 (in millions):


	December 31,
	2024		2023
Principal amount	$	1,000	$	1,000
Unamortized debt discount	(3)		(10)
Net carrying amount	$	997	$	990

Interest recognized for the Convertible Notes is as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Contractual coupon interest	$	65	$	65	$	65
Non-cash amortization of debt discount	7		6		6
Total interest expense	$	72	$	71	$	71

Schedule of Collateral Coverage Tests

Specifically, we are required to meet certain collateral coverage tests for our Credit Facilities, 7.25% Senior Secured Notes, 8.50% Senior Secured Notes and 10.75% Senior Secured Notes, as described below:

2013 Credit
Facilities

7.25% Senior Secured Notes

2014 Credit
Facilities

2023 Credit Facilities

8.50% Senior Secured Notes

10.75% Senior Secured Notes

LTV Requirement

1.6x Collateral valuation to amount of debt outstanding (62.5% LTV)

LTV as of Last Measurement Date

35.0%

15.8%

24.7%

5.2%

Frequency of Appraisals of Appraised Collateral

Semi-Annual

Annual

Collateral Description

Generally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and South America and New Zealand

Generally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and European Union (including London Heathrow)

Generally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and Australia, Canada, the Caribbean, Central America, China, Hong Kong, Japan, Mexico, South Korea and Switzerland

Generally, certain DCA slots, certain LGA slots, certain simulators and certain leasehold rights and, in the case of the IP Notes, certain intellectual property of American

American Airlines, Inc.

Debt Instrument [Line Items]

Schedule of Long-Term Debt

Long-term debt included on American’s consolidated balance sheets consisted of (in millions):


	December 31,
	2024		2023
Secured
2013 Term Loan Facility, variable interest rate of 6.65%, installments until due in February 2028 (a)	$	980	$	990
2014 Term Loan Facility, variable interest rate of 6.17%, installments until due in January 2027 (a)	1,171		1,183
2023 Term Loan Facility, variable interest rate of 6.96%, installments until due in June 2029 (a)	1,089		1,100
10.75% senior secured IP notes, interest and principal payments due through February 2026 (b)	781		1,000
10.75% senior secured LGA/DCA notes, interest and principal payments due through February 2026 (b)	156		200
7.25% senior secured notes, interest only payments until due in February 2028 (b)	750		750
8.50% senior secured notes, interest only payments until due in May 2029 (b)	1,000		1,000
5.50% senior secured notes, installments until due in April 2026 (c)	1,750		2,917
5.75% senior secured notes, installments beginning in July 2026 until due in April 2029 (c)	3,000		3,000
AAdvantage Term Loan Facility, variable interest rate of 9.63%, installments until due in April 2028 (c)	2,450		3,150
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 2.88% to 7.15%, averaging 3.84%, maturing from 2025 to 2034 (d)	7,271		7,657
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.55% to 7.25%, averaging 6.17%, maturing from 2025 to 2036 (e)	4,094		3,612
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036	880		967

Total long-term debt	25,372		27,526
Less: Total unamortized debt discount, premium and issuance costs	300		349
Less: Current maturities	4,196		3,501
Long-term debt, net of current maturities	$	20,876	$	23,676

Schedule of Credit Facilities

As of December 31, 2024, the maximum availability under American’s revolving credit and other facilities is as follows (in millions):


2013 Revolving Facility	$	500
2014 Revolving Facility	1,500
2023 Revolving Facility	890
Other facilities	399
Total	$	3,289

Schedule of Maturities of Long-Term Debt and Capital Lease Obligations

At December 31, 2024, the maturities of long-term debt are as follows (in millions):


2025	$	4,196
2026	4,201
2027	4,983
2028	5,304
2029	3,890
2030 and thereafter	2,798
Total	$	25,372

Schedule of Collateral Coverage Tests

Specifically, American is required to meet certain collateral coverage tests for its Credit Facilities, 7.25% Senior Secured Notes, 8.50% Senior Secured Notes and 10.75% Senior Secured Notes, as described below:

2013 Credit Facilities

7.25% Senior Secured Notes

2014 Credit Facilities

2023 Credit Facilities

8.50% Senior Secured Notes

10.75% Senior Secured Notes

LTV Requirement

1.6x Collateral valuation to amount of debt outstanding (62.5% LTV)

LTV as of Last Measurement Date

35.0%

15.8%

24.7%

5.2%

Frequency of Appraisals of Appraised Collateral

Semi-Annual

Annual

Collateral Description

Generally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and South America and New Zealand

Generally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and European Union (including London Heathrow)

Generally, certain DCA slots, certain LGA slots, certain simulators and certain leasehold rights and, in the case of the IP Notes, certain intellectual property of American

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Income Taxes - Reconciliation of Income Tax Provision (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Line Items]
Statutory income tax provision	$ 242	$ 235	$ 39
State, local and foreign income tax provision, net of federal tax effect	21	22	0
Book expenses not deductible for tax purposes	44	38	22
Change in valuation allowance	0	3	0
Other, net	1	1	(2)
Total income tax provision	308	299	59
American Airlines, Inc.
Income Tax Disclosure [Line Items]
Statutory income tax provision	354	332	95
State, local and foreign income tax provision, net of federal tax effect	30	25	3
Book expenses not deductible for tax purposes	40	35	20
Change in valuation allowance	0	3	0
Other, net	2	(1)	(2)
Total income tax provision	$ 426	$ 394	$ 116

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Earnings Per Common Share - Schedule of Warrants (Details) shares in Thousands	Dec. 31, 2024 $ / shares shares
PSP1 Warrants
Class of Warrant or Right [Line Items]
Warrants Issued (shares, in thousands) \| shares	14,048
Exercise Price ($) (USD per share) \| $ / shares	$ 12.51
PSP2 Warrants
Class of Warrant or Right [Line Items]
Warrants Issued (shares, in thousands) \| shares	6,576
Exercise Price ($) (USD per share) \| $ / shares	$ 15.66
PSP3 Warrants
Class of Warrant or Right [Line Items]
Warrants Issued (shares, in thousands) \| shares	4,407
Exercise Price ($) (USD per share) \| $ / shares	$ 21.75
Treasury Loan Warrants
Class of Warrant or Right [Line Items]
Warrants Issued (shares, in thousands) \| shares	4,396
Exercise Price ($) (USD per share) \| $ / shares	$ 12.51

Leases (Tables)

12 Months Ended

Dec. 31, 2024

Lessee, Lease, Description [Line Items]

Components of Lease Expense

The components of lease expense were as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Operating lease cost	$	1,851	$	2,016	$	2,007
Finance lease cost:
Amortization of assets	132		128		143
Interest on lease liabilities	39		45		47
Variable lease cost	3,075		2,720		2,580
Total net lease cost	$	5,097	$	4,909	$	4,777

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows (in millions, except lease term and discount rate):


	December 31,
	2024			2023
Operating leases:
Operating lease ROU assets	$	7,333		$	7,939

Current operating lease liabilities	$	1,092		$	1,309
Noncurrent operating lease liabilities	5,976			6,452
Total operating lease liabilities	$	7,068		$	7,761

Finance leases:
Property and equipment, at cost	$	1,632		$	1,380
Accumulated amortization	(952)			(891)
Property and equipment, net	$	680		$	489

Current finance lease liabilities	$	132		$	131
Noncurrent finance lease liabilities	531			375
Total finance lease liabilities	$	663		$	506

Weighted average remaining lease term (in years):
Operating leases	8.2			8.4
Finance leases	7.4			5.8

Weighted average discount rate:
Operating leases	7.5		%	7.6		%
Finance leases	7.0		%	7.2		%

Supplemental Cash Flow and Other Information

Supplemental cash flow and other information related to leases was as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,830	$	2,033	$	1,990
Operating cash flows from finance leases	40		48		47
Financing cash flows from finance leases	152		265		190

Gain on sale leaseback transactions, net	76		12		2

Maturities of Operating Lease Liabilities

Maturities of lease liabilities were as follows (in millions):


	December 31, 2024
	Operating Leases		Finance Leases
2025	$	1,546	$	173
2026	1,403		150
2027	1,243		112
2028	1,114		77
2029	1,010		72
2030 and thereafter	3,049		256
Total lease payments	9,365		840
Less: Imputed interest	(2,297)		(177)
Total lease obligations	7,068		663
Less: Current obligations	(1,092)		(132)
Long-term lease obligations	$	5,976	$	531

Maturities of Finance Lease Liabilities

Maturities of lease liabilities were as follows (in millions):


	December 31, 2024
	Operating Leases		Finance Leases
2025	$	1,546	$	173
2026	1,403		150
2027	1,243		112
2028	1,114		77
2029	1,010		72
2030 and thereafter	3,049		256
Total lease payments	9,365		840
Less: Imputed interest	(2,297)		(177)
Total lease obligations	7,068		663
Less: Current obligations	(1,092)		(132)
Long-term lease obligations	$	5,976	$	531

American Airlines, Inc.

Lessee, Lease, Description [Line Items]

Components of Lease Expense

The components of lease expense were as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Operating lease cost	$	1,828	$	1,992	$	1,987
Finance lease cost:
Amortization of assets	125		119		135
Interest on lease liabilities	39		44		46
Variable lease cost	3,059		2,703		2,572
Total net lease cost	$	5,051	$	4,858	$	4,740

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows (in millions, except lease term and discount rate):


	December 31,
	2024			2023
Operating leases:
Operating lease ROU assets	$	7,274		$	7,886

Current operating lease liabilities	$	1,082		$	1,292
Noncurrent operating lease liabilities	5,926			6,416
Total operating lease liabilities	$	7,008		$	7,708

Finance leases:
Property and equipment, at cost	$	1,604		$	1,352
Accumulated amortization	(924)			(870)
Property and equipment, net	$	680		$	482

Current finance lease liabilities	$	132		$	124
Noncurrent finance lease liabilities	531			374
Total finance lease liabilities	$	663		$	498

Weighted average remaining lease term (in years):
Operating leases	8.2			8.4
Finance leases	7.4			5.8

Weighted average discount rate:
Operating leases	7.5		%	7.6		%
Finance leases	7.0		%	7.1		%

Supplemental Cash Flow and Other Information

Supplemental cash flow and other information related to leases was as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,810	$	2,011	$	1,968
Operating cash flows from finance leases	40		47		46
Financing cash flows from finance leases	145		255		179

Gain on sale leaseback transactions, net	76		12		2

Maturities of Operating Lease Liabilities

Maturities of lease liabilities were as follows (in millions):


	December 31, 2024
	Operating Leases		Finance Leases
2025	$	1,532	$	173
2026	1,390		150
2027	1,235		112
2028	1,107		77
2029	1,004		72
2030 and thereafter	3,009		256
Total lease payments	9,277		840
Less: Imputed interest	(2,269)		(177)
Total lease obligations	7,008		663
Less: Current obligations	(1,082)		(132)
Long-term lease obligations	$	5,926	$	531

Maturities of Finance Lease Liabilities

Maturities of lease liabilities were as follows (in millions):


	December 31, 2024
	Operating Leases		Finance Leases
2025	$	1,532	$	173
2026	1,390		150
2027	1,235		112
2028	1,107		77
2029	1,004		72
2030 and thereafter	3,009		256
Total lease payments	9,277		840
Less: Imputed interest	(2,269)		(177)
Total lease obligations	7,008		663
Less: Current obligations	(1,082)		(132)
Long-term lease obligations	$	5,926	$	531

Cover - USD ($) $ in Billions	12 Months Ended
Cover - USD ($) $ in Billions	Dec. 31, 2024	Feb. 14, 2025	Jun. 30, 2024
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Document Transition Report	false
Entity File Number	1-8400
Entity Registrant Name	American Airlines Group Inc.
Entity Central Index Key	0000006201
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	75-1825172
Entity Address, Address Line One	1 Skyview Drive,
Entity Address, City or Town	Fort Worth,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76155
City Area Code	(682)
Local Phone Number	278-9000
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		657,575,582
Entity Public Float			$ 7.4
Documents Incorporated by Reference	Portions of the proxy statement related to American Airlines Group Inc.’s 2025 Annual Meeting of Stockholders, which proxy statement will be filed under the Securities Exchange Act of 1934 within 120 days of the end of American Airlines Group Inc.’s fiscal year ended December 31, 2024, are incorporated by reference into Part III of this Annual Report on Form 10-K.
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	AAL
Security Exchange Name	NASDAQ
Preferred Stock Purchase Rights
Document Information [Line Items]
Title of 12(b) Security	Preferred Stock Purchase Rights
American Airlines, Inc.
Document Information [Line Items]
Entity File Number	1-2691
Entity Registrant Name	American Airlines, Inc.
Entity Central Index Key	0000004515
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-1502798
Entity Address, Address Line One	1 Skyview Drive,
Entity Address, City or Town	Fort Worth,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76155
City Area Code	(682)
Local Phone Number	278-9000
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,000

Income Taxes

12 Months Ended

Dec. 31, 2024

Income Taxes [Line Items]

Income Taxes

The significant components of the income tax provision were (in millions):


	Year Ended December 31,
	2024		2023		2022
Current income tax benefit:
State, local and foreign	$	—	$	—	$	(6)


Deferred income tax provision:
Federal	285		268		59
State and local	23		31		6
Deferred income tax provision	308		299		65
Total income tax provision	$	308	$	299	$	59

The income tax provision differed from amounts computed at the statutory federal income tax rate as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Statutory income tax provision	$	242	$	235	$	39
State, local and foreign income tax provision, net of federal tax effect	21		22		—
Book expenses not deductible for tax purposes	44		38		22

Change in valuation allowance	—		3		—
Other, net	1		1		(2)
Income tax provision	$	308	$	299	$	59

The components of our deferred tax assets and liabilities were (in millions):


	December 31,
	2024		2023
Deferred tax assets:
Net operating loss and other carryforwards	$	4,292	$	4,238
Loyalty program liability	1,799		1,774
Leases	1,596		1,758
Pension benefits	234		434
Postretirement benefits other than pension benefits	270		274
Rent expense	60		84


Other	775		902
Total deferred tax assets	9,026		9,464
Valuation allowance	(22)		(22)
Net deferred tax assets	9,004		9,442
Deferred tax liabilities:
Accelerated depreciation and amortization	(4,620)		(4,503)
Leases	(1,656)		(1,798)
Other	(252)		(262)
Total deferred tax liabilities	(6,528)		(6,563)
Net deferred tax asset	$	2,476	$	2,879

At December 31, 2024, we had approximately $12.9 billion of gross federal net operating losses (NOLs) and $5.9 billion of other carryforwards available to reduce future federal taxable income, of which $2.6 billion will expire beginning in 2033 if unused and $16.2 billion can be carried forward indefinitely. We also had approximately $5.2 billion of NOL carryforwards to reduce future state taxable income at December 31, 2024, which will expire in taxable years 2024 through 2044 if unused.

Our ability to use our NOLs and other carryforwards depends on the amount of taxable income generated in future periods. We provide a valuation allowance for our deferred tax assets, which include our NOLs and other carryforwards, when it is more likely than not that some portion, or all of our deferred tax assets, will not be realized. We consider all available positive and negative evidence and make certain assumptions in evaluating the realizability of our deferred tax assets. Many factors are considered that impact our assessment of future profitability, including conditions which are beyond our control, such as the health of the economy, the availability and price volatility of aircraft fuel and travel demand. We have determined that positive factors outweigh negative factors in the determination of the realizability of our deferred tax assets.

In 2024, we recorded an income tax provision of $308 million with an effective rate of approximately 27%, which was substantially non-cash. Substantially all of our income before income taxes is attributable to the United States.

We file our tax returns as prescribed by the tax laws of the jurisdictions in which we operate. Our 2021 through 2023 tax years are still subject to examination by the Internal Revenue Service. Various state, local and foreign jurisdiction tax years remain open to examination, and we are under examination, in administrative appeals or engaged in tax litigation in certain jurisdictions. We believe that the effect of any assessments will not be material to our consolidated financial statements.

The amount of, and changes to, our uncertain tax positions were not material in any of the years presented. We accrue interest and penalties related to unrecognized tax benefits in interest expense and operating expense, respectively.

American Airlines, Inc.

Income Taxes [Line Items]

Income Taxes

The significant components of the income tax provision were (in millions):


	Year Ended December 31,
	2024		2023		2022
Current income tax benefit:
State, local and foreign	$	—	$	—	$	(6)


Deferred income tax provision:
Federal	391		361		112
State and local	35		33		10
Deferred income tax provision	426		394		122
Total income tax provision	$	426	$	394	$	116

The income tax provision differed from amounts computed at the statutory federal income tax rate as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Statutory income tax provision	$	354	$	332	$	95
State, local and foreign income tax provision, net of federal tax effect	30		25		3
Book expenses not deductible for tax purposes	40		35		20

Change in valuation allowance	—		3		—
Other, net	2		(1)		(2)
Income tax provision	$	426	$	394	$	116

The components of American’s deferred tax assets and liabilities were (in millions):


	December 31,
	2024		2023
Deferred tax assets:
Net operating loss and other carryforwards	$	3,891	$	3,960
Loyalty program liability	1,799		1,774
Leases	1,582		1,746
Pension benefits	228		428
Postretirement benefits other than pension benefits	270		273
Rent expense	59		84


Other	726		846
Total deferred tax assets	8,555		9,111
Valuation allowance	(12)		(12)
Net deferred tax assets	8,543		9,099
Deferred tax liabilities:
Accelerated depreciation and amortization	(4,599)		(4,479)
Leases	(1,642)		(1,786)
Other	(244)		(254)
Total deferred tax liabilities	(6,485)		(6,519)
Net deferred tax asset	$	2,058	$	2,580

At December 31, 2024, American had approximately $12.8 billion of gross federal net operating losses (NOLs) and $4.2 billion of other carryforwards available to reduce future federal taxable income, of which $2.9 billion will expire beginning in 2033 if unused and $14.1 billion can be carried forward indefinitely. American is a member of AAG’s consolidated federal and certain state income tax returns. American also had approximately $5.0 billion of NOL carryforwards to reduce future state taxable income at December 31, 2024, which will expire in taxable years 2024 through 2044 if unused.

American’s ability to use its NOLs and other carryforwards depends on the amount of taxable income generated in future periods. American provides a valuation allowance for its deferred tax assets, which include the NOLs, when it is more likely than not that some portion, or all of its deferred tax assets, will not be realized. American considers all available positive and negative evidence and makes certain assumptions in evaluating the realizability of its deferred tax assets. Many factors are considered that impact American’s assessment of future profitability, including conditions which are beyond its control, such as the health of the economy, the availability and price volatility of aircraft fuel and travel demand. American has determined that positive factors outweigh negative factors in the determination of the realizability of its deferred tax assets.

In 2024, American recorded an income tax provision of $426 million with an effective rate of approximately 25%, which was substantially non-cash. Substantially all of American’s income before income taxes is attributable to the United States.

American files its tax returns as prescribed by the tax laws of the jurisdictions in which it operates. American’s 2021 through 2023 tax years are still subject to examination by the Internal Revenue Service. Various state, local and foreign jurisdiction tax years remain open to examination, and American is under examination, in administrative appeals or engaged in tax litigation in certain jurisdictions. American believes that the effect of any assessments will not be material to its consolidated financial statements.

The amount of, and changes to, American’s uncertain tax positions were not material in any of the years presented. American accrues interest and penalties related to unrecognized tax benefits in interest expense and operating expense, respectively.

- Definition

The entire disclosure for income tax.

+ References

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+ Details

Basis of Presentation and Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2024

Organization Basis of Presentation and Summary of Significant Accounting Policies [Line Items]

Basis of Presentation

American Airlines Group Inc. (we, us, our and similar terms, or AAG), a Delaware corporation, is a holding company whose primary business activity is the operation of a major network air carrier, providing scheduled air transportation for passengers and cargo through its mainline operating subsidiary, American Airlines, Inc. (American) and its wholly-owned regional airline subsidiaries, Envoy Aviation Group Inc., PSA Airlines, Inc. (PSA) and Piedmont Airlines, Inc. (Piedmont), that operate under the brand American Eagle. All significant intercompany transactions have been eliminated.

Reclassifications

Certain prior year amounts within “changes in operating assets and liabilities” presented in the consolidated statement of cash flows have been reclassified to conform to current year presentation. This change in the presentation on the consolidated statement of cash flows had no impact on net cash provided by operating activities or net change in cash and restricted cash.

Recent Accounting Pronouncements

Accounting Standards Update (ASU) 2023-09: Income Taxes (Topic 740) Improvements to Income Tax Disclosures

This standard enhances transparency of income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information, as well as improvements to the effectiveness and comparability of other income tax disclosures. The amendments in this update are effective for annual periods beginning after December 15, 2024, and early adoption is permitted. We are currently evaluating how the adoption of this standard will impact our income tax disclosures.

ASU 2024-03: Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-04) Disaggregation of Income Statement Expenses

This standard enhances transparency in reporting by requiring disaggregation of certain costs and expenses in the notes to financial statements. This update is effective for annual periods beginning after December 15, 2026 and interim periods within annual periods beginning after December 15, 2027, and early adoption is permitted. We are currently evaluating how the adoption of this standard will impact our disclosures.

Investments

Short-term investments primarily include debt securities and are classified as available-for-sale and stated at fair value. Realized gains and losses are recorded as interest income in nonoperating expense, net on our consolidated statements of operations. Unrealized gains and losses are recorded as a component of accumulated other comprehensive loss on our consolidated balance sheets. For investments in an unrealized loss position, we determine whether a credit loss exists by considering information about the collectability of the instrument, current market conditions and reasonable and supportable forecasts of economic conditions. There have been no credit losses.

Equity investments are accounted for under the equity method if we are able to exercise significant influence over an investee. Equity investments for which we do not have significant influence are recorded at fair value or at cost, if fair value is not readily determinable, with adjustments for observable changes in price or impairments (referred to as the measurement alternative). Our equity investments are reflected in other assets on our consolidated balance sheets. Our share of equity method investees’ financial results and changes in fair value are recorded in nonoperating other income (expense), net on the consolidated statements of operations.

Restricted Cash and Short-term Investments

Restricted Cash and Short-term InvestmentsWe have restricted cash and short-term investments related primarily to collateral held to support workers’ compensation obligations and collateral associated with the AAdvantage Financing.

Accounts Receivable, Net

Accounts receivable primarily consist of amounts due from credit card processing companies for tickets sold to individual passengers, amounts due from airline and non-airline business partners, including our co-branded credit card partners and cargo customers. Receivables from ticket sales are short-term, mostly settled within seven days after sale. Receivables from our business partners are typically settled within 30 days. All accounts receivable are reported net of an allowance for credit losses, which was not material as of December 31, 2024 and 2023. We consider past and future financial and qualitative factors, including aging, payment history and other credit monitoring indicators, when establishing the allowance for credit losses.

Aircraft Fuel, Spare Parts and Supplies, Net

Aircraft fuel is recorded on a first-in, first-out basis. Spare parts and supplies are recorded at average costs less an allowance for obsolescence, which is recognized over the weighted average remaining useful life of the related fleet. We also provide an allowance for spare parts and supplies identified as excess or obsolete to reduce the carrying cost to the lower of cost or net realizable value. Aircraft fuel, spare parts and supplies are expensed when used.

Operating Property and Equipment

Operating property and equipment is recorded at cost and depreciated or amortized to residual values over the asset’s estimated useful life or the lease term, whichever is less, using the straight-line method. Residual values for aircraft, engines and related rotable parts are generally 5% to 10% of original cost. Costs of major improvements that enhance the usefulness of the asset are capitalized and depreciated or amortized over the estimated useful life of the asset or the lease term, whichever is less. The estimated useful lives for the principal property and equipment classifications are as follows:


Principal Property and Equipment Classification			Estimated Useful Life
Aircraft, engines and related rotable parts			20 – 30 years
Buildings and improvements			5 – 30 years
Furniture, fixtures and other equipment			3 – 15 years
Capitalized software			5 – 10 years

Impairment

We assess impairment of operating property and equipment when events and circumstances indicate that the assets may be impaired. An impairment of an asset or group of assets exists only when the sum of the estimated undiscounted cash flows expected to be generated directly by the assets are less than the carrying value of the assets. We group assets principally by fleet-type when estimating future cash flows, which is generally the lowest level for which identifiable cash flows exist. Estimates of future cash flows are based on historical results adjusted to reflect management’s best estimate of future market and operating conditions, including our current fleet plan. If such assets are impaired, the impairment charge recognized is the amount by which the carrying value of the assets exceed their fair value. Fair value reflects management’s best estimate including inputs from published pricing guides and bids from third parties as well as contracted sales agreements when applicable.

Leases

We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (ROU) assets, current operating lease liabilities and noncurrent operating lease liabilities on our consolidated balance sheets. Finance leases are included in property and equipment, current maturities of long-term debt and finance leases and long-term debt and finance leases, net of current maturities, on our consolidated balance sheets.

ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term.

We use our estimated incremental borrowing rate, which is derived from information available at the lease commencement date, in determining the present value of lease payments. We give consideration to our recent debt issuances as well as publicly available data for instruments with similar characteristics when calculating our incremental borrowing rates.

Our lease term includes options to extend the lease when it is reasonably certain that we will exercise that option. Leases with a term of 12 months or less are not recorded on our consolidated balance sheets.

Under certain of our capacity purchase agreements with third-party regional carriers, we do not own the underlying aircraft. However, since we control the marketing, scheduling, ticketing, pricing and seat inventories of these aircraft and therefore control the asset, the aircraft is deemed to be leased for accounting purposes. For these capacity purchase agreements, we account for the lease and non-lease components separately. The lease component consists of the aircraft and the non-lease components consist of services, such as the crew and maintenance. Where applicable, we allocate the consideration in the capacity purchase agreements to the lease and non-lease components using their estimated relative standalone prices. See Note 11(b) for additional information on our capacity purchase agreements.

For real estate, we account for the lease and non-lease components as a single lease component.

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are recorded net as noncurrent on our consolidated balance sheets.

We provide a valuation allowance for our deferred tax assets, which include our NOLs and other carryforwards, when it is more likely than not that some portion, or all of our deferred tax assets, will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. We consider all available positive and negative evidence and make certain assumptions in evaluating the realizability of our deferred tax assets. Many factors are considered that impact our assessment of future profitability, including conditions which are beyond our control, such as the health of the economy, the availability and price volatility of aircraft fuel and travel demand. We have determined that positive factors outweigh negative factors in the determination of the realizability of our deferred tax assets.

Goodwill

Goodwill represents the purchase price in excess of the fair value of the net assets acquired and liabilities assumed in connection with the 2013 merger with US Airways Group, Inc. (US Airways Group). We have one reporting unit. We assess goodwill for impairment annually or more frequently if events or circumstances indicate that the fair value of goodwill may be lower than the carrying value. Our annual assessment date is October 1.

Other Intangibles, Net

Intangible assets consist of certain domestic airport slots and gate leasehold rights, international slots and route authorities, commercial agreements, marketing agreements, customer relationships and tradenames.

Definite-Lived Intangible Assets

Definite-lived intangible assets are originally recorded at their acquired fair values, subsequently amortized over their respective estimated useful lives and are assessed for impairment whenever events and circumstances indicate that the assets may be impaired.

Indefinite-Lived Intangible Assets

Indefinite-lived intangible assets include certain domestic airport slots, international slots and route authorities and our commercial agreement with GOL Linhas Aéreas Inteligentes S.A. (GOL). We assess indefinite-lived intangible assets for impairment annually or more frequently if events or circumstances indicate that the fair values of indefinite-lived intangible assets may be lower than their carrying values. Our annual assessment date is October 1.

Fuel Financing

In December 2024, we entered into a fuel financing facility with a bank pursuant to which the bank pays certain fuel invoices on our behalf. The agreement contains a maximum allowable outstanding principal balance at any time of $1.0 billion and is required to be repaid at least quarterly. The fuel financing facility bears interest at a base rate equal to one-month Secured Overnight Financing Rate (SOFR) plus a margin of 3.75%. Our obligations to the counterparty are secured on a second-priority basis by certain intellectual property of American, including the “American Airlines” trademark and the “aa.com” domain name in the United States and certain foreign jurisdictions, as provided in, and subject to the covenants and conditions of, the Second Lien Brand Collateral Security Agreement. Either American or the bank may terminate this agreement at any time and with immediate effect upon sixty days’ prior written notice to the other party. As of December 31, 2024, we had $74 million in fuel financing obligations included within other accrued liabilities on our consolidated balance sheet. During the year ended December 31, 2024, we recognized a nominal amount of interest expense related to this agreement.

We include payments to designated fuel suppliers as an operating activity in the consolidated statement of cash flows. Proceeds and payments related to fuel financing transactions are presented net as a financing activity in the consolidated statement of cash flows.

Revenue Recognition

We attribute passenger revenue by geographic region based upon the origin and destination of each flight segment.

Passenger Revenue

We recognize all revenues generated from transportation on American and our regional flights operated under the brand name American Eagle, including associated baggage fees and other inflight services, as passenger revenue when transportation is provided. Ticket and other related sales for transportation that has not yet been provided are initially deferred and recorded as air traffic liability on our consolidated balance sheets. The air traffic liability principally represents tickets sold for future travel on American and partner airlines.

The majority of tickets sold are nonrefundable. A small percentage of tickets, some of which are partially used tickets, expire unused. The estimate for tickets expected to expire unused is generally based on an analysis of our historical data and other current applicable factors such as policy changes. We have consistently applied this accounting method to estimate and recognize revenue from unused tickets at the date of travel. This estimate is periodically evaluated based on subsequent activity to validate its accuracy. Any adjustments resulting from periodic evaluations of the estimated air traffic liability are included in passenger revenue during the period in which the evaluations are completed.

Various taxes and fees assessed on the sale of tickets to end customers are collected by us as an agent and remitted to taxing authorities. These taxes and fees have been presented on a net basis in the accompanying consolidated statements of operations and recorded as a liability until remitted to the appropriate taxing authority.

Loyalty Revenue

We currently operate the loyalty program, AAdvantage®. This program awards mileage credits to passengers who fly on American, any oneworld airline or other partner airlines, or by using the services of other program participants, such as our co-branded credit cards, and certain hotels and car rental companies. Mileage credits can be redeemed for travel on American and other participating partner airlines, as well as non-air travel awards such as hotels and rental cars. For mileage credits earned by AAdvantage program members, we apply the deferred revenue method.

Mileage credits earned through travel

For mileage credits earned through travel, we apply a relative selling price approach whereby the total amount collected from each passenger ticket sale is allocated between the air transportation and the mileage credits earned. The portion of each passenger ticket sale attributable to mileage credits earned is initially deferred and then recognized in passenger revenue when mileage credits are redeemed and transportation is provided. The estimated selling price of mileage credits is determined using an equivalent ticket value approach, which uses historical data, including award redemption patterns by geographic region and class of service, as well as similar cash fares as those used to settle award redemptions. The estimated selling price of mileage credits is adjusted for an estimate of mileage credits that will not be redeemed using a statistical model based on historical redemption patterns to develop an estimate of the likelihood of future redemption.

Mileage credits sold to co-branded credit cards and other partners

We sell mileage credits to participating airline partners and non-airline business partners, including our co-branded credit card partners, under contracts with remaining terms generally from one to 10 years as of December 31, 2024. Consideration received from the sale of mileage credits is predominantly variable and payment terms typically are within 30 days subsequent to the month of mileage sale. Sales of mileage credits to non-airline business partners are comprised

of two components, transportation and marketing. We allocate the consideration received from these sales of mileage credits based on the relative selling price of each product or service delivered.

Our most significant mileage credit partner agreements are our co-branded credit card agreements with Citibank N.A. (Citi) and Barclaycard US. We identified two revenue elements in these co-branded credit card agreements: the transportation component and the marketing component. In December 2024, we announced a 10-year agreement with Citi to become the exclusive issuer of the AAdvantage co-branded credit card portfolio in the U.S. starting in 2026. Based on the revised terms, the products and services delivered are generally consistent with our previous agreement, and we will continue to allocate the consideration received based on the relative selling prices of these products and services.

The transportation component represents the estimated selling price of future travel awards and is determined using the same equivalent ticket value approach described above. The portion of each mileage credit sold attributable to transportation is initially deferred and then recognized in passenger revenue when mileage credits are redeemed and transportation is provided.

The marketing component includes the use of intellectual property, including the American brand and access to loyalty program member lists, which is the predominant element in these agreements, as well as advertising and other travel-related benefits. We recognize the marketing component in other revenue in the period of the mileage credit sale following the sales-based royalty method.

For the portion of our outstanding mileage credits that we estimate will not be redeemed, we recognize the associated value proportionally as the remaining mileage credits are redeemed. Our estimates use a statistical model based on historical redemption patterns to develop an estimate of the likelihood of future redemption.

Cargo Revenue

Cargo revenue is recognized when we provide the transportation.

Other Revenue

Other revenue includes revenue associated with our loyalty program, which is comprised principally of the marketing component of mileage credit sales to co-branded credit card and other partners and other marketing related payments. The accounting and recognition for the loyalty program marketing services are discussed above in “Loyalty Revenue.” The remaining amounts included within other revenue relate to airport clubs, other commission revenue, advertising and vacation-related services.

Contract Balances

Our significant contract liabilities are comprised of (1) outstanding loyalty program mileage credits that may be redeemed for future air travel, non-air travel and other awards, reported as loyalty program liability on our consolidated balance sheets and (2) ticket sales for transportation that has not yet been provided, reported as air traffic liability on our consolidated balance sheets.


	December 31,
	2024		2023
	(In millions)
Loyalty program liability	$	10,054	$	9,327
Air traffic liability	6,759		6,200
Total	$	16,813	$	15,527

The balance of the loyalty program liability fluctuates based on seasonal patterns, which impact the volume of mileage credits issued through travel or sold to co-branded credit card and other partners (deferral of revenue) and mileage credits redeemed (recognition of revenue). Changes in loyalty program liability are as follows (in millions):


Balance at December 31, 2023	$	9,327
Deferral of revenue	4,482
Recognition of revenue (1)	(3,755)
Balance at December 31, 2024 (2)	$	10,054

(1)Principally relates to revenue recognized from the redemption of mileage credits for both air travel, non-air travel and other awards. Mileage credits are combined in one homogenous pool and are not separately identifiable. As such, the revenue is comprised of mileage credits that were part of the loyalty program deferred revenue balance at the beginning of the period, as well as mileage credits that were issued during the period.

(2)Mileage credits can be redeemed at any time and generally do not expire as long as that AAdvantage member has any type of qualifying activity at least every 24 months or if the AAdvantage member is the primary holder of a co-branded credit card. As of December 31, 2024, our current loyalty program liability was $3.6 billion and represents our current estimate of revenue expected to be recognized in the next 12 months based on historical trends, with the balance reflected in long-term loyalty program liability expected to be recognized as revenue in periods thereafter. Additionally, as of December 31, 2024, our loyalty program liability includes a one-time cash payment related to the new co-branded credit card agreement announced in December 2024, which will be amortized over the life of the new agreement beginning in 2026.

The air traffic liability principally represents tickets sold for future travel on American and partner airlines. The balance in our air traffic liability also fluctuates with seasonal travel patterns. The contract duration of passenger tickets is generally one year. Accordingly, any revenue associated with tickets sold for future travel will be recognized within 12 months. For 2024, $4.9 billion of revenue was recognized in passenger revenue that was included in our air traffic liability at December 31, 2023.

Maintenance, Materials and Repairs

Maintenance and repair costs for owned and leased flight equipment are charged to operating expense as incurred, except costs incurred for maintenance and repair under certain power-by-the-hour maintenance agreements, which are charged to operating expense based on contractual terms when an obligation exists.

Selling Expenses

Selling ExpensesSelling expenses include credit card fees, commissions, third party distribution channel fees and advertising. Selling expenses associated with passenger revenue are expensed when the transportation or service is provided. Advertising costs are expensed as incurred. Advertising expense was $143 million, $114 million and $105 million f

Share-based Compensation

We account for our share-based compensation expense based on the fair value of the equity award at the time of grant, which is recognized ratably over the vesting period of the award. Certain awards have performance conditions that must be achieved prior to vesting and are expensed based on the expected achievement at each reporting period. The majority of our equity awards are time vested restricted stock units. For equity-classified awards, the fair value of such awards is based on the market price of the underlying shares of AAG common stock on the date of grant and is not subsequently remeasured unless modified. For liability-classified awards, the fair value of such awards is remeasured at the end of each reporting period until settled. See Note 14 for further discussion of share-based compensation.

Foreign Currency Gains and Losses

Foreign Currency Gains and LossesForeign currency gains and losses are recorded as part of other income (expense), net within total nonoperating expense, net on our consolidated statements of operations.

Other Operating Expenses

Other operating expenses includes costs associated with onboard food and catering, crew travel, ground and cargo handling, passenger accommodation, international navigation fees, aircraft cleaning, airport lounge operations and certain general and administrative expenses.

Regional Expenses

Our regional carriers provide scheduled air transportation under the brand name “American Eagle.” The American Eagle carriers include our wholly-owned regional carriers as well as third-party regional carriers. Our regional carrier arrangements are in the form of capacity purchase agreements with our third-party regional partners and similar

arrangements with our wholly-owned regional affiliates. Expenses associated with American Eagle operations are classified as regional expenses on the consolidated statements of operations.

American Airlines, Inc.

Organization Basis of Presentation and Summary of Significant Accounting Policies [Line Items]

Basis of Presentation

American Airlines, Inc. (American) is a Delaware corporation whose primary business activity is the operation of a major network air carrier, providing scheduled air transportation for passengers and cargo. American is the principal wholly-owned subsidiary of American Airlines Group Inc. (AAG), which owns all of American’s outstanding common stock, par value $1.00 per share. All significant intercompany transactions have been eliminated.

Reclassifications

Recent Accounting Pronouncements

Accounting Standards Update (ASU) 2023-09: Income Taxes (Topic 740) Improvements to Income Tax Disclosures

This standard enhances transparency of income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information, as well as improvements to the effectiveness and comparability of other income tax disclosures. The amendments in this update are effective for annual periods beginning after December 15, 2024, and early adoption is permitted. American is currently evaluating how the adoption of this standard will impact its income tax disclosures.

ASU 2024-03: Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-04) Disaggregation of Income Statement Expenses

This standard enhances transparency in reporting by requiring disaggregation of certain costs and expenses in the notes to financial statements. This update is effective for annual periods beginning after December 15, 2026 and interim periods within annual periods beginning after December 15, 2027, and early adoption is permitted. American is currently evaluating how the adoption of this standard will impact its disclosures.

Investments

Short-term investments primarily include debt securities and are classified as available-for-sale and stated at fair value. Realized gains and losses are recorded as interest income in nonoperating expense, net on American’s consolidated statements of operations. Unrealized gains and losses are recorded as a component of accumulated other comprehensive loss on American’s consolidated balance sheets. For investments in an unrealized loss position, American determines whether a credit loss exists by considering information about the collectability of the instrument, current market conditions and reasonable and supportable forecasts of economic conditions. There have been no credit losses.

Equity investments are accounted for under the equity method if American is able to exercise significant influence over an investee. Equity investments for which American does not have significant influence are recorded at fair value or at cost, if fair value is not readily determinable, with adjustments for observable changes in price or impairments (referred to as the measurement alternative). American’s equity investments are reflected in other assets on its consolidated balance sheets. American’s share of equity method investees’ financial results and changes in fair value are recorded in nonoperating other income (expense), net on the consolidated statements of operations.

Restricted Cash and Short-term Investments

Restricted Cash and Short-term InvestmentsAmerican has restricted cash and short-term investments related primarily to collateral held to support workers’ compensation obligations and collateral associated with the AAdvantage Financing.

Accounts Receivable, Net

Accounts receivable primarily consist of amounts due from credit card processing companies for tickets sold to individual passengers, amounts due from airline and non-airline business partners, including American’s co-branded credit card partners and cargo customers. Receivables from ticket sales are short-term, mostly settled within seven days after sale. Receivables from American’s business partners are typically settled within 30 days. All accounts receivable are reported net of an allowance for credit losses, which was not material as of December 31, 2024 and 2023. American considers past and future financial and qualitative factors, including aging, payment history and other credit monitoring indicators, when establishing the allowance for credit losses.

Aircraft Fuel, Spare Parts and Supplies, Net

Aircraft fuel is recorded on a first-in, first-out basis. Spare parts and supplies are recorded at average costs less an allowance for obsolescence, which is recognized over the weighted average remaining useful life of the related fleet. American also provides an allowance for spare parts and supplies identified as excess or obsolete to reduce the carrying cost to the lower of cost or net realizable value. Aircraft fuel, spare parts and supplies are expensed when used.

Operating Property and Equipment


Principal Property and Equipment Classification			Estimated Useful Life
Aircraft, engines and related rotable parts			20 – 30 years
Buildings and improvements			5 – 30 years
Furniture, fixtures and other equipment			3 – 15 years
Capitalized software			5 – 10 years

Impairment

American assesses impairment of operating property and equipment when events and circumstances indicate that the assets may be impaired. An impairment of an asset or group of assets exists only when the sum of the estimated undiscounted cash flows expected to be generated directly by the assets are less than the carrying value of the assets. American groups assets principally by fleet-type when estimating future cash flows, which is generally the lowest level for which identifiable cash flows exist. Estimates of future cash flows are based on historical results adjusted to reflect management’s best estimate of future market and operating conditions, including American’s current fleet plan. If such assets are impaired, the impairment charge recognized is the amount by which the carrying value of the assets exceed their fair value. Fair value reflects management’s best estimate including inputs from published pricing guides and bids from third parties as well as contracted sales agreements when applicable.

Leases

American determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (ROU) assets, current operating lease liabilities and noncurrent operating lease liabilities on American’s consolidated balance sheets. Finance leases are included in property and equipment, current maturities of long-term debt and finance leases and long-term debt and finance leases, net of current maturities, on American’s consolidated balance sheets.

ROU assets represent American’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term.

American uses its estimated incremental borrowing rate, which is derived from information available at the lease commencement date, in determining the present value of lease payments. American gives consideration to its recent debt

issuances as well as publicly available data for instruments with similar characteristics when calculating its incremental borrowing rates.

American’s lease term includes options to extend the lease when it is reasonably certain that it will exercise that option. Leases with a term of 12 months or less are not recorded on its consolidated balance sheets.

Under certain of American’s capacity purchase agreements with third-party regional carriers, American does not own the underlying aircraft. However, since American controls the marketing, scheduling, ticketing, pricing and seat inventories of these aircraft and therefore control the asset, the aircraft is deemed to be leased for accounting purposes. For these capacity purchase agreements, American accounts for the lease and non-lease components separately. The lease component consists of the aircraft and the non-lease components consist of services, such as the crew and maintenance. Where applicable, American allocates the consideration in the capacity purchase agreements to the lease and non-lease components using their estimated relative standalone prices. See Note 10(b) for additional information on its capacity purchase agreements.

For real estate, American accounts for the lease and non-lease components as a single lease component.

Income Taxes

American provides a valuation allowance for its deferred tax assets, which include its NOLs and other carryforwards, when it is more likely than not that some portion, or all of its deferred tax assets, will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. American considers all available positive and negative evidence and makes certain assumptions in evaluating the realizability of its deferred tax assets. Many factors are considered that impact American’s assessment of future profitability, including conditions which are beyond its control, such as the health of the economy, the availability and price volatility of aircraft fuel and travel demand. American has determined that positive factors outweigh negative factors in the determination of the realizability of its deferred tax assets.

Goodwill

Goodwill represents the purchase price in excess of the fair value of the net assets acquired and liabilities assumed in connection with the 2013 merger with US Airways Group, Inc. (US Airways Group). American has one reporting unit. American assesses goodwill for impairment annually or more frequently if events or circumstances indicate that the fair value of goodwill may be lower than the carrying value. American’s annual assessment date is October 1.

Other Intangibles, Net

Definite-Lived Intangible Assets

Indefinite-Lived Intangible Assets

Indefinite-lived intangible assets include certain domestic airport slots, international slots and route authorities and American’s commercial agreement with GOL Linhas Aéreas Inteligentes S.A. (GOL). American assesses indefinite-lived intangible assets for impairment annually or more frequently if events or circumstances indicate that the fair values of indefinite-lived intangible assets may be lower than their carrying values. American’s annual assessment date is October 1.

Fuel Financing

In December 2024, American entered into a fuel financing facility with a bank pursuant to which the bank pays certain fuel invoices on its behalf. The agreement contains a maximum allowable outstanding principal balance at any time of $1.0 billion and is required to be repaid at least quarterly. The fuel financing facility bears interest at a base rate equal to one-month Secured Overnight Financing Rate (SOFR) plus a margin of 3.75%. American’s obligations to the counterparty are secured on a second-priority basis by certain intellectual property of American, including the “American Airlines” trademark and the “aa.com” domain name in the United States and certain foreign jurisdictions, as provided in, and subject to the covenants and conditions of, the Second Lien Brand Collateral Security Agreement. Either American or the bank may terminate this agreement at any time and with immediate effect upon sixty days’ prior written notice to the other party. As of December 31, 2024, American had $74 million in fuel financing obligations included within other accrued liabilities on American’s consolidated balance sheet. During the year ended December 31, 2024, American recognized a nominal amount of interest expense related to this agreement.

American includes payments to designated fuel suppliers as an operating activity in the consolidated statement of cash flows. Proceeds and payments related to fuel financing transactions are presented net as a financing activity in the consolidated statement of cash flows.

Revenue Recognition

American attributes passenger revenue by geographic region based upon the origin and destination of each flight segment.

Passenger Revenue

American recognizes all revenues generated from transportation on American and its regional flights operated under the brand name American Eagle, including associated baggage fees and other inflight services, as passenger revenue when transportation is provided. Ticket and other related sales for transportation that has not yet been provided are initially deferred and recorded as air traffic liability on American’s consolidated balance sheets. The air traffic liability principally represents tickets sold for future travel on American and partner airlines.

The majority of tickets sold are nonrefundable. A small percentage of tickets, some of which are partially used tickets, expire unused. The estimate for tickets expected to expire unused is generally based on an analysis of American’s historical data and other current applicable factors such as policy changes. American has consistently applied this accounting method to estimate and recognize revenue from unused tickets at the date of travel. This estimate is periodically evaluated based on subsequent activity to validate its accuracy. Any adjustments resulting from periodic evaluations of the estimated air traffic liability are included in passenger revenue during the period in which the evaluations are completed.

Various taxes and fees assessed on the sale of tickets to end customers are collected by American as an agent and remitted to taxing authorities. These taxes and fees have been presented on a net basis in the accompanying consolidated statements of operations and recorded as a liability until remitted to the appropriate taxing authority.

Loyalty Revenue

American currently operates the loyalty program, AAdvantage®. This program awards mileage credits to passengers who fly on American, any oneworld airline or other partner airlines, or by using the services of other program participants, such as American’s co-branded credit cards, and certain hotels and car rental companies. Mileage credits can be redeemed for travel on American and other participating partner airlines, as well as non-air travel awards such as hotels and rental cars. For mileage credits earned by AAdvantage program members, American applies the deferred revenue method.

Mileage credits earned through travel

For mileage credits earned through travel, American applies a relative selling price approach whereby the total amount collected from each passenger ticket sale is allocated between the air transportation and the mileage credits earned. The portion of each passenger ticket sale attributable to mileage credits earned is initially deferred and then recognized in passenger revenue when mileage credits are redeemed and transportation is provided. The estimated selling price of mileage credits is determined using an equivalent ticket value approach, which uses historical data, including award redemption patterns by geographic region and class of service, as well as similar cash fares as those used to settle award redemptions. The estimated selling price of mileage credits is adjusted for an estimate of mileage credits that will not be redeemed using a statistical model based on historical redemption patterns to develop an estimate of the likelihood of future redemption.

Mileage credits sold to co-branded credit cards and other partners

American sells mileage credits to participating airline partners and non-airline business partners, including American’s co-branded credit card partners, under contracts with remaining terms generally from one to 10 years as of December 31, 2024. Consideration received from the sale of mileage credits is predominantly variable and payment terms typically are within 30 days subsequent to the month of mileage sale. Sales of mileage credits to non-airline business partners are comprised of two components, transportation and marketing. American allocates the consideration received from these sales of mileage credits based on the relative selling price of each product or service delivered.

American’s most significant mileage credit partner agreements are its co-branded credit card agreements with Citibank N.A. (Citi) and Barclaycard US. American identified two revenue elements in these co-branded credit card agreements: the transportation component and the marketing component. In December 2024, American announced a 10-year agreement with Citi to become the exclusive issuer of the AAdvantage co-branded credit card portfolio in the U.S. starting in 2026. Based on the revised terms, the products and services delivered are generally consistent with American’s previous agreement, and American will continue to allocate the consideration received based on the relative selling prices of these products and services.

The marketing component includes the use of intellectual property, including the American brand and access to loyalty program member lists, which is the predominant element in these agreements, as well as advertising and other travel-related benefits. American recognizes the marketing component in other revenue in the period of the mileage credit sale following the sales-based royalty method.

For the portion of American’s outstanding mileage credits that it estimates will not be redeemed, American recognizes the associated value proportionally as the remaining mileage credits are redeemed. American’s estimates use a statistical model based on historical redemption patterns to develop an estimate of the likelihood of future redemption.

Cargo Revenue

Cargo revenue is recognized when American provides the transportation.

Other Revenue

Other revenue includes revenue associated with American’s loyalty program, which is comprised principally of the marketing component of mileage credit sales to co-branded credit card and other partners and other marketing related payments. The accounting and recognition for the loyalty program marketing services are discussed above in “Loyalty Revenue.” The remaining amounts included within other revenue relate to airport clubs, other commission revenue, advertising and vacation-related services.

Contract Balances

American’s significant contract liabilities are comprised of (1) outstanding loyalty program mileage credits that may be redeemed for future air travel, non-air travel and other awards, reported as loyalty program liability on American’s consolidated balance sheets and (2) ticket sales for transportation that has not yet been provided, reported as air traffic liability on American’s consolidated balance sheets.


	December 31,
	2024		2023
	(In millions)
Loyalty program liability	$	10,054	$	9,327
Air traffic liability	6,759		6,200
Total	$	16,813	$	15,527


Balance at December 31, 2023	$	9,327
Deferral of revenue	4,482
Recognition of revenue (1)	(3,755)
Balance at December 31, 2024 (2)	$	10,054

(2)Mileage credits can be redeemed at any time and generally do not expire as long as that AAdvantage member has any type of qualifying activity at least every 24 months or if the AAdvantage member is the primary holder of a co-branded credit card. As of December 31, 2024, American’s current loyalty program liability was $3.6 billion and represents American’s current estimate of revenue expected to be recognized in the next 12 months based on historical trends, with the balance reflected in long-term loyalty program liability expected to be recognized as revenue in periods thereafter. Additionally, as of December 31, 2024, American’s loyalty program liability includes a one-time cash payment related to the new co-branded credit card agreement announced in December 2024, which will be amortized over the life of the new agreement beginning in 2026.

The air traffic liability principally represents tickets sold for future travel on American and partner airlines. The balance in American’s air traffic liability also fluctuates with seasonal travel patterns. The contract duration of passenger tickets is generally one year. Accordingly, any revenue associated with tickets sold for future travel will be recognized within 12 months. For 2024, $4.9 billion of revenue was recognized in passenger revenue that was included in American’s air traffic liability at December 31, 2023.

Maintenance, Materials and Repairs

Selling Expenses

Share-based Compensation

American accounts for its share-based compensation expense based on the fair value of the equity award at the time of grant, which is recognized ratably over the vesting period of the award. Certain awards have performance conditions that must be achieved prior to vesting and are expensed based on the expected achievement at each reporting period. The majority of American’s equity awards are time vested restricted stock units. For equity-classified awards, the fair value of such awards is based on the market price of the underlying shares of AAG common stock on the date of grant and is not subsequently remeasured unless modified. For liability-classified awards, the fair value of such awards is remeasured at the end of each reporting period until settled. See Note 13 for further discussion of share-based compensation.

Foreign Currency Gains and Losses

Foreign Currency Gains and LossesForeign currency gains and losses are recorded as part of other income (expense), net within total nonoperating expense, net on American’s consolidated statements of operations.

Other Operating Expenses

Regional Expenses

American's regional carriers provide scheduled air transportation under the brand name “American Eagle.” The American Eagle carriers include AAG's wholly-owned regional carriers as well as third-party regional carriers. American's regional carrier arrangements are in the form of capacity purchase agreements with its third-party regional partners and similar arrangements with AAG’s wholly-owned regional affiliates. Expenses associated with American Eagle operations are classified as regional expenses on the consolidated statements of operations.

Basis of Presentation and Summary of Significant Accounting Policies - Passenger Revenue by Geographic Region (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Airline Destination Disclosure [Line Items]
Operating revenues	$ 54,211	$ 52,788	$ 48,971
Passenger
Airline Destination Disclosure [Line Items]
Operating revenues	49,586	48,512	44,568
Passenger \| Domestic
Airline Destination Disclosure [Line Items]
Operating revenues	35,336	34,592	32,911
Passenger \| Latin America
Airline Destination Disclosure [Line Items]
Operating revenues	6,560	6,719	6,150
Passenger \| Atlantic
Airline Destination Disclosure [Line Items]
Operating revenues	6,445	6,205	5,070
Passenger \| Pacific
Airline Destination Disclosure [Line Items]
Operating revenues	1,245	996	437
American Airlines, Inc.
Airline Destination Disclosure [Line Items]
Operating revenues	54,204	52,784	48,965
American Airlines, Inc. \| Passenger
Airline Destination Disclosure [Line Items]
Operating revenues	49,586	48,512	44,568
American Airlines, Inc. \| Passenger \| Domestic
Airline Destination Disclosure [Line Items]
Operating revenues	35,336	34,592	32,911
American Airlines, Inc. \| Passenger \| Latin America
Airline Destination Disclosure [Line Items]
Operating revenues	6,560	6,719	6,150
American Airlines, Inc. \| Passenger \| Atlantic
Airline Destination Disclosure [Line Items]
Operating revenues	6,445	6,205	5,070
American Airlines, Inc. \| Passenger \| Pacific
Airline Destination Disclosure [Line Items]
Operating revenues	$ 1,245	$ 996	$ 437

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
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+ Details

Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2024

Accumulated Other Comprehensive Income (Loss) [Line Items]

Components of Accumulated Other Comprehensive Loss (AOCI)

The components of AOCI are as follows (in millions):


	Pension, Retiree Medical and Other Postretirement Benefits		Unrealized Gain (Loss) on Investments		Income Tax Benefit (Provision) (1)			Total
Balance at December 31, 2022	$	(2,978)	$	(6)	$	(1,601)		$	(4,585)
Other comprehensive income (loss) before reclassifications	(486)		4		108			(374)
Amounts reclassified from AOCI	84		—		(19)		(2)	65
Net current-period other comprehensive income (loss)	(402)		4		89			(309)
Balance at December 31, 2023	(3,380)		(2)		(1,512)			(4,894)
Other comprehensive income (loss) before reclassifications	333		2		(74)			261
Amounts reclassified from AOCI	88		—		(20)		(2)	68
Net current-period other comprehensive income (loss)	421		2		(94)			329
Balance at December 31, 2024	$	(2,959)	$	—	$	(1,606)		$	(4,565)

(1)Relates principally to pension, retiree medical and other postretirement benefits obligations that will not be recognized in net income until the obligations are fully extinguished.

(2)Relates to pension, retiree medical and other postretirement benefits obligations and is recognized within the income tax provision on our consolidated statements of operations.

Reclassifications out of AOCI

Reclassifications out of AOCI for the years ended December 31, 2024 and 2023 are as follows (in millions):


	Amounts reclassified from AOCI				Affected line items on the consolidated statements of operations
	Year Ended December 31,
AOCI Components	2024		2023
Amortization of pension, retiree medical and other postretirement benefits:
Prior service cost	$	11	$	9	Nonoperating other income (expense), net
Actuarial loss	57		56		Nonoperating other income (expense), net
Total reclassifications for the period, net of tax	$	68	$	65

American Airlines, Inc.

Accumulated Other Comprehensive Income (Loss) [Line Items]

Components of Accumulated Other Comprehensive Loss (AOCI)

The components of AOCI are as follows (in millions):


	Pension, Retiree Medical and Other Postretirement Benefits		Unrealized Gain (Loss) on Investments		Income Tax Benefit (Provision) (1)			Total
Balance at December 31, 2022	$	(2,974)	$	(6)	$	(1,710)		$	(4,690)
Other comprehensive income (loss) before reclassifications	(486)		4		108			(374)
Amounts reclassified from AOCI	84		—		(19)		(2)	65
Net current-period other comprehensive income (loss)	(402)		4		89			(309)
Balance at December 31, 2023	(3,376)		(2)		(1,621)			(4,999)
Other comprehensive income (loss) before reclassifications	326		2		(74)			254
Amounts reclassified from AOCI	88		—		(20)		(2)	68
Net current-period other comprehensive income (loss)	414		2		(94)			322
Balance at December 31, 2024	$	(2,962)	$	—	$	(1,715)		$	(4,677)

(1)Relates principally to pension, retiree medical and other postretirement benefits obligations that will not be recognized in net income until the obligations are fully extinguished.

(2)Relates to pension, retiree medical and other postretirement benefits obligations and is recognized within the income tax provision on American’s consolidated statements of operations.

Reclassifications out of AOCI

Reclassifications out of AOCI for the years ended December 31, 2024 and 2023 are as follows (in millions):


	Amounts reclassified from AOCI				Affected line items on the consolidated statements of operations
	Year Ended December 31,
AOCI Components	2024		2023
Amortization of pension, retiree medical and other postretirement benefits:
Prior service cost	$	11	$	9	Nonoperating other income (expense), net
Actuarial loss	57		56		Nonoperating other income (expense), net
Total reclassifications for the period, net of tax	$	68	$	65

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Commitments, Contingencies and Guarantees

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies [Line Items]

Commitments, Contingencies and Guarantees

(a) Aircraft, Engine and Other Purchase Commitments

Under all of our aircraft and engine purchase agreements, our total future commitments as of December 31, 2024 are expected to be as follows (approximately, in millions):


	2025		2026		2027		2028		2029		2030 and Thereafter		Total
Payments for aircraft and engine commitments (1)	$	2,169	$	4,186	$	4,003	$	3,403	$	3,345	$	9,009	$	26,115

(1)These amounts are net of purchase deposits currently held by the manufacturers. Our purchase deposits held by all manufacturers totaled $1.0 billion and $760 million as of December 31, 2024 and 2023, respectively.

Due to uncertainty surrounding the timing of delivery of certain aircraft, the amounts in the table represent our most current estimate based on contractual delivery schedules adjusted for updates and revisions to such schedules communicated to management by the applicable equipment manufacturer and certain management assumptions. However, the actual delivery schedule may differ, potentially materially, based on various potential factors including production delays by the manufacturer and regulatory concerns.

Additionally, the amounts in the table exclude five Boeing 787 Family aircraft scheduled to be delivered in 2025, for which we have obtained committed lease financing. See Note 5 for information regarding this operating lease commitment.

Additionally, we have other purchase commitments primarily related to aircraft fuel, flight equipment maintenance and information technology support as follows (approximately): $4.6 billion in 2025, $2.0 billion in 2026, $1.5 billion in 2027, $386 million in 2028, $502 million in 2029 and $3.4 billion in 2030 and thereafter. These amounts exclude obligations under certain fuel offtake agreements or other agreements for which the timing of the related expenditure is uncertain, or which are subject to material contingencies, such as the construction of a production facility.

(b) Capacity Purchase Agreements with Third-Party Regional Carriers

American has capacity purchase agreements with third-party regional carriers. The capacity purchase agreements provide that all revenues, including passenger, in-flight, ancillary, mail and freight revenues, go to American. American controls marketing, scheduling, ticketing, pricing and seat inventories. In return, American agrees to pay predetermined fees to these airlines for operating an agreed-upon number of aircraft, without regard to the number of passengers on board. In addition, these agreements provide that American either reimburses or pays 100% of certain variable costs, such as airport landing fees, fuel and passenger liability insurance.

As of December 31, 2024, American’s capacity purchase agreements with third-party regional carriers had expiration dates ranging from 2025 to 2033, with rights of American to extend the respective terms of certain agreements.

As of December 31, 2024, American’s minimum obligations under its capacity purchase agreements with third-party regional carriers are expected to be as follows (approximately, in millions):


	2025		2026		2027		2028		2029		2030 and Thereafter		Total
Minimum obligations under capacity purchase agreements with third-party regional carriers (1)	$	1,114	$	1,068	$	1,066	$	990	$	829	$	849	$	5,916

(1)These commitments are estimates of costs based on assumed minimum levels of flying under the capacity purchase agreements and American’s actual payments could differ materially. Rental payments under operating leases for certain aircraft flown under these capacity purchase agreements are reflected in the operating lease commitments in Note 5.

Los Angeles International Airport (LAX)

In 2018, we executed a lease agreement with Los Angeles World Airports (LAWA), which owns and operates LAX, in connection with a $1.6 billion modernization project related to LAX Terminals 4 and 5. Construction started in October 2018 and is expected to be completed in 2028 in a phased approach. Under the lease agreement and subsequent project component approvals, the City of Los Angeles Board of Airport Commissioners has appropriated approximately $1.6 billion to purchase completed project assets, representing the maximum allowable reimbursement by LAWA. In September 2024, we executed an agreement to where a substantial majority of the non-proprietary project costs will be funded through the Regional Airports Improvement Corporation (RAIC), a quasigovernmental special purpose entity that acts as a conduit borrower under a syndicated credit facility provided by a group of lenders in the form of a $250 million revolving credit facility. Loans made under the credit facility are being repaid with the proceeds from LAWA’s purchase of completed project assets. We guarantee the obligation of the RAIC under the credit facility associated with the Terminals 4 and 5 lease. As of December 31, 2024, our outstanding guaranteed obligation under the credit facility for the Terminals 4 and 5 project was $250 million. Additionally, we have recovered $1.2 billion since project inception through the end of 2024 and expect to receive approximately $450 million in additional reimbursements by the end of 2028.

As we control the assets during construction, they are recognized on our consolidated balance sheets within operating property and equipment until the assets are sold and transferred. For the years ended December 31, 2024 and 2023, we have sold and transferred $588 million and $170 million of non-proprietary improvements, respectively, which are included within proceeds from sale-leaseback transactions and sale of property and equipment on our consolidated statements of cash flows. For the years ended December 31, 2024, 2023 and 2022, we had $187 million, $283 million and $241 million, respectively, of non-proprietary improvement costs relating to the LAX modernization project, which are included within other investing activities on our consolidated statements of cash flows.

(d) Off-Balance Sheet Arrangements

Pass-Through Trusts

American currently has 292 owned aircraft and 60 owned spare aircraft engines, which in each case were financed with EETCs issued by pass-through trusts. These trusts are off-balance sheet entities, the primary purpose of which is to finance the acquisition of flight equipment or to permit issuance of debt backed by existing flight equipment. In the case of aircraft EETCs, rather than finance each aircraft separately when such aircraft is purchased, delivered or refinanced, these trusts allow American to raise the financing for a number of aircraft at one time and, if applicable, place such funds in escrow pending a future purchase, delivery or refinancing of the relevant aircraft. Similarly, in the case of the spare engine EETCs, the trusts allow American to use its existing pool of spare engines to raise financing under a single facility. The trusts have also been structured to provide for certain credit enhancements, such as liquidity facilities to cover certain interest payments, that reduce the risks to the purchasers of the trust certificates and, as a result, reduce the cost of aircraft financing to American.

Each trust covers a set number of aircraft or spare engines scheduled to be delivered, financed or refinanced upon the issuance of the EETC or within a specific period of time thereafter. At the time of each covered aircraft or spare engine financing, the relevant trust used the proceeds from the issuance of the EETC (which may have been available at the time of issuance thereof or held in escrow until financing of the applicable aircraft following its delivery) to purchase equipment notes relating to the financed aircraft or engines. The equipment notes are issued, at American’s election, in connection with a mortgage financing of the aircraft or spare engines. The equipment notes are secured by a security interest in the aircraft or engines, as applicable. The pass-through trust certificates are not direct obligations of, nor are they guaranteed

by, AAG or American. However, the equipment notes issued to the trusts are direct obligations of American and, in certain instances, have been guaranteed by AAG. As of December 31, 2024, $7.3 billion associated with these mortgage financings is reflected as debt in the accompanying consolidated balance sheet.

Letters of Credit and Other

We provide financial assurance, such as letters of credit and surety bonds, primarily to support projected workers’ compensation obligations and airport commitments. As of December 31, 2024, we had $343 million of letters of credit and surety bonds securing various obligations, of which $98 million is collateralized with our restricted cash. The letters of credit and surety bonds that are subject to expiration will expire on various dates through 2037.

(e) Legal Proceedings

Government Antitrust Action Related to the Northeast Alliance. On September 21, 2021, the United States Department of Justice, joined by Attorneys General from six states and the District of Columbia, filed an antitrust complaint against American and JetBlue Airways Corporation (JetBlue) in the U.S. District Court for the District of Massachusetts alleging that American and JetBlue violated U.S. antitrust law in connection with the previously disclosed Northeast Alliance arrangement (NEA). On May 19, 2023, the U.S. District Court for the District of Massachusetts issued an order permanently enjoining American and JetBlue from continuing and further implementing the NEA. In June 2023, JetBlue delivered a notice of termination of the NEA, effective July 29, 2023, and the carriers have substantially completed wind-down activities. Following written submissions by the parties and a hearing on July 26, 2023, the U.S. District Court for the District of Massachusetts entered a Final Judgment and Order Entering Permanent Injunction on July 28, 2023. The parties are complying with the terms of the Final Judgment and Order Entering Permanent Injunction, including by completing wind-down activities related to the NEA. American filed a notice of appeal to the U.S. Court of Appeals for the First Circuit on September 25, 2023. The First Circuit affirmed the District Court’s decision on November 8, 2024. Any petition for writ of certiorari to the U.S. Supreme Court would be due February 27, 2025.

Private Party Antitrust Actions Related to the Northeast Alliance. On December 5, 2022 and December 7, 2022, two private party plaintiffs filed putative class action antitrust complaints against American and JetBlue in the U.S. District Court for the Eastern District of New York alleging that American and JetBlue violated U.S. antitrust law in connection with the previously disclosed NEA. These actions were consolidated on January 10, 2023. The private party plaintiffs filed an amended consolidated complaint on February 3, 2023. On February 2, 2023 and February 15, 2023, private party plaintiffs filed two additional putative class action antitrust complaints against American and JetBlue in the U.S. District Court for the District of Massachusetts and the U.S. District Court for the Eastern District of New York, respectively. In March 2023, American filed a motion in the U.S. District Court for the District of Massachusetts case asking to transfer the case to the U.S. District Court for the Eastern District of New York and consolidate it with the cases pending in that venue. The U.S. District Court for the District of Massachusetts granted that motion. The remaining cases were consolidated with the other actions in the Eastern District of New York. In June 2023, the private party plaintiffs filed a second amended consolidated complaint, followed by a third amended complaint filed in August 2023. In September 2023, American, together with JetBlue, filed a motion to dismiss the third amended complaint. In September 2024, the court denied that motion. We believe these lawsuits are without merit and are defending against them vigorously.

Securities Litigation. On July 18, 2024, AAG and certain of its current and former officers were named as defendants in a putative class action lawsuit filed in the United States District Court for the Northern District of Texas, captioned Qawasmi v. American Airlines Group Inc., et al. The Qawasmi plaintiff purports to represent investors who acquired AAG securities between January 25, 2024 and May 28, 2024. On August 28, 2024, AAG and certain of its current and former officers were named as defendants in a second putative class action lawsuit filed in the same court, captioned Thornburg v. American Airlines Group Inc., et al. The Thornburg plaintiff purports to represent investors who acquired AAG securities between July 20, 2023 and May 28, 2024. Both the Qawasmi and Thornburg complaints assert violations of Sections 10(b) and 20(a) of the Exchange Act based on allegations that, during the relevant periods, AAG misrepresented and/or omitted material facts related to its financial outlook and certain commercial initiatives. On September 16, 2024, certain purported AAG investors moved for consolidation of the Qawasmi and Thornburg actions as well as appointment as lead plaintiff. On November 22, 2024, the Qawasmi and Thornburg complaints were consolidated into a single action bearing the caption In re American Airlines Group Inc. Securities Litigation. The court also appointed co-lead plaintiffs and lead counsel to represent the putative class in the consolidated action. The parties now anticipate briefing a motion to dismiss the action.

Court for the Northern District of Texas, captioned Hollin v. Isom, et al. The Hollin complaint asserts violations of Section 10(b) of the Exchange Act, breach of fiduciary duty, and claims for unjust enrichment and corporate waste. On September 26, 2024, a second derivative complaint was filed in the same court, similarly naming certain of AAG’s current and former directors and officers (as well as AAG as a nominal defendant), captioned Leon v. Isom, et al. The Leon complaint asserts violations of Section 14(a) of the Exchange Act, breaches of fiduciary duty, claims of unjust enrichment, abuse of control, gross mismanagement, waste of corporate assets, and a claim for contribution. The Hollin and Leon complaints generally allege the same purported misconduct as alleged in the securities class actions. On November 25, 2024, the Hollin and Leon complaints were consolidated into a single action bearing the caption In re American Airlines Group Inc. Stockholder Derivative Action. We believe both the securities class actions and shareholder derivative lawsuits are without merit and intend to defend against them vigorously.

General. In addition to the specifically identified legal proceedings, we and our subsidiaries are also engaged in other legal proceedings from time to time. Legal proceedings can be complex and take many months, or even years, to reach resolution, with the final outcome depending on a number of variables, some of which are not within our control. Therefore, although we will vigorously defend ourselves in each of the actions described above and such other legal proceedings, their ultimate resolution and potential financial and other impacts on us are uncertain but could be material.

(f) Guarantees and Indemnifications

We are party to many routine contracts in which we provide general indemnities in the normal course of business to third parties for various risks. We are not able to estimate the potential amount of any liability resulting from the indemnities. These indemnities are discussed in the following paragraphs.

In our aircraft financing agreements, we generally indemnify the financing parties, trustees acting on their behalf and other relevant parties against liabilities (including certain taxes) resulting from the financing, manufacture, design, ownership, operation and maintenance of the aircraft regardless of whether these liabilities (including certain taxes) relate to the negligence of the indemnified parties.

Our loan agreements and certain other financing transactions may obligate us to reimburse the applicable lender for incremental costs due to a change in law that imposes (i) any reserve or special deposit requirement against assets of, deposits with or credit extended by such lender related to the loan, (ii) any tax, duty or other charge with respect to the loan (except standard income tax) or (iii) capital adequacy requirements. In addition, our loan agreements and other financing arrangements typically contain a withholding tax provision that requires us to pay additional amounts to the applicable lender or other financing party, generally if withholding taxes are imposed on such lender or other financing party as a result of a change in the applicable tax law.

In certain transactions, including certain aircraft financing leases and loans, the lessors, lenders and/or other parties have rights to terminate the transaction based on changes in foreign tax law, illegality or certain other events or circumstances. In such a case, we may be required to make a lump sum payment to terminate the relevant transaction.

We have general indemnity clauses in many of our airport and other real estate leases where we as lessee indemnify the lessor (and related parties) against liabilities related to our use of the leased property. Generally, these indemnifications cover liabilities resulting from the negligence of the indemnified parties, but not liabilities resulting from the gross negligence or willful misconduct of the indemnified parties. In addition, we provide environmental indemnities in many of these leases for contamination related to our use of the leased property.

Under certain contracts with third parties, we indemnify the third-party against legal liability arising out of an action by the third-party, or certain other parties. The terms of these contracts vary and the potential exposure under these indemnities cannot be determined. We have liability insurance protecting us from some of the obligations we have undertaken under these indemnities.

American is required to make principal and interest payments for certain special facility revenue bonds issued by municipalities primarily to build or improve airport facilities and purchase equipment, which are leased to American. The payment of principal and interest of certain special facility revenue bonds is guaranteed by AAG. As of December 31, 2024, the remaining lease payments through 2035 guaranteeing the principal and interest on these bonds are $503 million and the current carrying amount of the associated operating lease liability in the accompanying consolidated balance sheet is $321 million.

As of December 31, 2024, AAG had issued guarantees covering approximately $15.2 billion of American’s secured debt (and interest thereon), including the Credit Facilities, the AAdvantage Financing, certain EETC financings and special facility revenue bonds.

(g) Credit Card Processing Agreements

We have agreements with companies that process customer credit card transactions for the sale of air travel and other services. Our agreements allow these credit card processing companies, under certain conditions, to hold an amount of our cash (referred to as a holdback) equal to all or a portion of advance ticket sales that have been processed by that company, but for which we have not yet provided the air transportation. These holdback requirements can be implemented at the discretion of the credit card processing companies upon the occurrence of specific events, including material adverse changes in our financial condition or the triggering of a liquidity covenant. The imposition of holdback requirements would reduce our liquidity.

(h) Labor Contracts

In September 2024, American and the Association of Professional Flight Attendants, the union representing our mainline flight attendants, ratified a new CBA. This five-year agreement provides wage rate increases, quality-of-life benefits and other benefit-related items. The ratified agreement also included a provision for a one-time payment. In 2024, one-time charges resulting from the ratification of this new agreement were recorded as mainline operating special items, net in the condensed consolidated statement of operations, including the one-time payment of $514 million which was paid in November 2024.

As of December 31, 2024, we employed approximately 133,300 active full-time equivalent (FTE) employees, of which 30,600 were employed by our wholly-owned regional subsidiaries. Of the total active FTE employees, 87% are covered by CBAs with various labor unions and 6% are covered by CBAs that are currently amendable or that will become amendable within one year.

American Airlines, Inc.

Commitments and Contingencies [Line Items]

Commitments, Contingencies and Guarantees

(a) Aircraft, Engine and Other Purchase Commitments

Under all of American’s aircraft and engine purchase agreements, its total future commitments as of December 31, 2024 are expected to be as follows (approximately, in millions):


	2025		2026		2027		2028		2029		2030 and Thereafter		Total
Payments for aircraft and engine commitments (1)	$	2,169	$	4,186	$	4,003	$	3,403	$	3,345	$	9,009	$	26,115

(1)These amounts are net of purchase deposits currently held by the manufacturers. American’s purchase deposits held by all manufacturers totaled $1.0 billion and $760 million as of December 31, 2024 and 2023, respectively.

Due to uncertainty surrounding the timing of delivery of certain aircraft, the amounts in the table represent American’s most current estimate based on contractual delivery schedules adjusted for updates and revisions to such schedules communicated to management by the applicable equipment manufacturer and certain management assumptions. However, the actual delivery schedule may differ, potentially materially, based on various potential factors including production delays by the manufacturer and regulatory concerns.

Additionally, the amounts in the table exclude five Boeing 787 Family aircraft scheduled to be delivered in 2025, for which American has obtained committed lease financing. See Note 4 for information regarding this operating lease commitment.

Additionally, American has other purchase commitments primarily related to aircraft fuel, flight equipment maintenance and information technology support as follows (approximately): $4.6 billion in 2025, $2.0 billion in 2026, $1.5 billion in 2027, $381 million in 2028, $500 million in 2029 and $3.4 billion in 2030 and thereafter. These amounts exclude obligations under certain fuel offtake agreements or other agreements for which the timing of the related expenditure is uncertain, or which are subject to material contingencies, such as the construction of a production facility.

(b) Capacity Purchase Agreements with Third-Party Regional Carriers

As of December 31, 2024, American’s minimum obligations under its capacity purchase agreements with third-party regional carriers are expected to be as follows (approximately, in millions):


	2025		2026		2027		2028		2029		2030 and Thereafter		Total
Minimum obligations under capacity purchase agreements with third-party regional carriers (1)	$	1,114	$	1,068	$	1,066	$	990	$	829	$	849	$	5,916

Los Angeles International Airport (LAX)

In 2018, American executed a lease agreement with Los Angeles World Airports (LAWA), which owns and operates LAX, in connection with a $1.6 billion modernization project related to LAX Terminals 4 and 5. Construction started in October 2018 and is expected to be completed in 2028 in a phased approach. Under the lease agreement and subsequent project component approvals, the City of Los Angeles Board of Airport Commissioners has appropriated approximately $1.6 billion to purchase completed project assets, representing the maximum allowable reimbursement by LAWA. In September 2024, American executed an agreement to where a substantial majority of the non-proprietary project costs will be funded through the Regional Airports Improvement Corporation (RAIC), a quasigovernmental special purpose entity that acts as a conduit borrower under a syndicated credit facility provided by a group of lenders in the form of a $250 million revolving credit facility. Loans made under the credit facility are being repaid with the proceeds from LAWA’s purchase of completed project assets. American guarantees the obligation of the RAIC under the credit facility associated with the Terminals 4 and 5 lease. As of December 31, 2024, American’s outstanding guaranteed obligation under the credit facility for the Terminals 4 and 5 project was $250 million. Additionally, American has recovered $1.2 billion since project inception through the end of 2024 and expects to receive approximately $450 million in additional reimbursements by the end of 2028.

As American controls the assets during construction, they are recognized on its consolidated balance sheets within operating property and equipment until the assets are sold and transferred. For the years ended December 31, 2024 and 2023, American has sold and transferred $588 million and $170 million of non-proprietary improvements, respectively, which are included within proceeds from sale-leaseback transactions and sale of property and equipment on American’s consolidated statements of cash flows. For the years ended December 31, 2024, 2023 and 2022, American had $187 million, $283 million and $241 million, respectively, of non-proprietary improvement costs relating to the LAX modernization project, which are included within other investing activities on American’s consolidated statements of cash flows.

(d) Off-Balance Sheet Arrangements

Pass-Through Trusts

with a mortgage financing of the aircraft or spare engines. The equipment notes are secured by a security interest in the aircraft or engines, as applicable. The pass-through trust certificates are not direct obligations of, nor are they guaranteed by, AAG or American. However, the equipment notes issued to the trusts are direct obligations of American and, in certain instances, have been guaranteed by AAG. As of December 31, 2024, $7.3 billion associated with these mortgage financings is reflected as debt in the accompanying consolidated balance sheet.

Letters of Credit and Other

American provides financial assurance, such as letters of credit and surety bonds, primarily to support projected workers’ compensation obligations and airport commitments. As of December 31, 2024, American had $343 million of letters of credit and surety bonds securing various obligations, of which $98 million is collateralized with American’s restricted cash. The letters of credit and surety bonds that are subject to expiration will expire on various dates through 2037.

(e) Legal Proceedings

Private Party Antitrust Actions Related to the Northeast Alliance. On December 5, 2022 and December 7, 2022, two private party plaintiffs filed putative class action antitrust complaints against American and JetBlue in the U.S. District Court for the Eastern District of New York alleging that American and JetBlue violated U.S. antitrust law in connection with the previously disclosed NEA. These actions were consolidated on January 10, 2023. The private party plaintiffs filed an amended consolidated complaint on February 3, 2023. On February 2, 2023 and February 15, 2023, private party plaintiffs filed two additional putative class action antitrust complaints against American and JetBlue in the U.S. District Court for the District of Massachusetts and the U.S. District Court for the Eastern District of New York, respectively. In March 2023, American filed a motion in the U.S. District Court for the District of Massachusetts case asking to transfer the case to the U.S. District Court for the Eastern District of New York and consolidate it with the cases pending in that venue. The U.S. District Court for the District of Massachusetts granted that motion. The remaining cases were consolidated with the other actions in the Eastern District of New York. In June 2023, the private party plaintiffs filed a second amended consolidated complaint, followed by a third amended complaint filed in August 2023. In September 2023, American, together with JetBlue, filed a motion to dismiss the third amended complaint. In September 2024, the court denied that motion. American believes these lawsuits are without merit and is defending against them vigorously.

Additionally, on September 19, 2024, certain of AAG’s current and former directors and officers were named as defendants in a shareholder derivative lawsuit (in which AAG is a nominal defendant) filed in the United States District Court for the Northern District of Texas, captioned Hollin v. Isom, et al. The Hollin complaint asserts violations of Section 10(b) of the Exchange Act, breach of fiduciary duty, and claims for unjust enrichment and corporate waste. On September 26, 2024, a second derivative complaint was filed in the same court, similarly naming certain of AAG’s current and former directors and officers (as well as AAG as a nominal defendant), captioned Leon v. Isom, et al. The Leon complaint asserts violations of Section 14(a) of the Exchange Act, breaches of fiduciary duty, claims of unjust enrichment, abuse of control, gross mismanagement, waste of corporate assets, and a claim for contribution. The Hollin and Leon complaints generally allege the same purported misconduct as alleged in the securities class actions. On November 25, 2024, the Hollin and Leon complaints were consolidated into a single action bearing the caption In re American Airlines Group Inc. Stockholder Derivative Action. American believes both the securities class actions and shareholder derivative lawsuits are without merit and intends to defend against them vigorously.

General. In addition to the specifically identified legal proceedings, American and its subsidiaries are also engaged in other legal proceedings from time to time. Legal proceedings can be complex and take many months, or even years, to reach resolution, with the final outcome depending on a number of variables, some of which are not within American’s control. Therefore, although American will vigorously defend itself in each of the actions described above and such other legal proceedings, their ultimate resolution and potential financial and other impacts on American are uncertain but could be material.

(f) Guarantees and Indemnifications

American is a party to many routine contracts in which it provides general indemnities in the normal course of business to third parties for various risks. American is not able to estimate the potential amount of any liability resulting from the indemnities. These indemnities are discussed in the following paragraphs.

In its aircraft financing agreements, American generally indemnifies the financing parties, trustees acting on their behalf and other relevant parties against liabilities (including certain taxes) resulting from the financing, manufacture, design, ownership, operation and maintenance of the aircraft regardless of whether these liabilities (including certain taxes) relate to the negligence of the indemnified parties.

American’s loan agreements and certain other financing transactions may obligate American to reimburse the applicable lender for incremental costs due to a change in law that imposes (i) any reserve or special deposit requirement against assets of, deposits with or credit extended by such lender related to the loan, (ii) any tax, duty or other charge with respect to the loan (except standard income tax) or (iii) capital adequacy requirements. In addition, American’s loan agreements and other financing arrangements typically contain a withholding tax provision that requires American to pay additional amounts to the applicable lender or other financing party, generally if withholding taxes are imposed on such lender or other financing party as a result of a change in the applicable tax law.

In certain transactions, including certain aircraft financing leases and loans, the lessors, lenders and/or other parties have rights to terminate the transaction based on changes in foreign tax law, illegality or certain other events or circumstances. In such a case, American may be required to make a lump sum payment to terminate the relevant transaction.

American has general indemnity clauses in many of its airport and other real estate leases where American as lessee indemnifies the lessor (and related parties) against liabilities related to American’s use of the leased property. Generally, these indemnifications cover liabilities resulting from the negligence of the indemnified parties, but not liabilities resulting from the gross negligence or willful misconduct of the indemnified parties. In addition, American provides environmental indemnities in many of these leases for contamination related to American’s use of the leased property.

Under certain contracts with third parties, American indemnifies the third-party against legal liability arising out of an action by the third-party, or certain other parties. The terms of these contracts vary and the potential exposure under these indemnities cannot be determined. American has liability insurance protecting American from some of the obligations it has undertaken under these indemnities.

American is required to make principal and interest payments for certain special facility revenue bonds issued by municipalities primarily to build or improve airport facilities and purchase equipment, which are leased to American. The payment of principal and interest of certain special facility revenue bonds is guaranteed by American. As of December 31, 2024, the remaining lease payments through 2035 guaranteeing the principal and interest on these bonds are $503 million and the current carrying amount of the associated operating lease liability in the accompanying consolidated balance sheet is $321 million.

As of December 31, 2024, American had issued guarantees covering AAG’s $1.8 billion aggregate principal amount of the PSP1 Promissory Note due April 2030, $1.0 billion aggregate principal amount of the PSP2 Promissory Note due January 2031, $959 million aggregate principal amount of the PSP3 Promissory Note due April 2031 and $1.0 billion aggregate principal amount of 6.50% convertible senior notes due July 2025.

(g) Credit Card Processing Agreements

American has agreements with companies that process customer credit card transactions for the sale of air travel and other services. American’s agreements allow these credit card processing companies, under certain conditions, to hold an amount of its cash (referred to as a holdback) equal to all or a portion of advance ticket sales that have been processed by that company, but for which American has not yet provided the air transportation. These holdback requirements can be implemented at the discretion of the credit card processing companies upon the occurrence of specific events, including material adverse changes in American’s financial condition or the triggering of a liquidity covenant. The imposition of holdback requirements would reduce American’s liquidity.

(h) Labor Contracts

In September 2024, American and the Association of Professional Flight Attendants, the union representing American’s mainline flight attendants, ratified a new CBA. This five-year agreement provides wage rate increases, quality-of-life benefits and other benefit-related items. The ratified agreement also included a provision for a one-time payment. In 2024, one-time charges resulting from the ratification of this new agreement were recorded as mainline operating special items, net in the condensed consolidated statement of operations, including the one-time payment of $514 million which was paid in November 2024.

As of December 31, 2024, American employed approximately 102,700 active full-time equivalent (FTE) employees. Of the total active FTE employees, 87% are covered by CBAs with various labor unions and 1% are covered by CBAs that are currently amendable or that will become amendable within one year.

Employee Benefit Plans - Schedule of Changes in Projected Benefit Obligations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension Benefits
Reconciliation of benefit obligation:
Benefit obligation at beginning of period	$ 14,410	$ 14,037
Service cost	2	2	$ 3
Interest cost	723	758	556
Actuarial loss (gain)	(741)	507
Plan amendments	0	0
Benefit payments	(913)	(894)
Other	(132)	0
Benefit obligation at end of period	13,349	14,410	14,037
Retiree Medical and Other Postretirement Benefits
Reconciliation of benefit obligation:
Benefit obligation at beginning of period	1,325	906
Service cost	29	17	16
Interest cost	64	55	30
Actuarial loss (gain)	(58)	92
Plan amendments	55	339
Benefit payments	(107)	(84)
Other	0	0
Benefit obligation at end of period	1,308	1,325	906
American Airlines, Inc. \| Pension Benefits
Reconciliation of benefit obligation:
Benefit obligation at beginning of period	14,314	13,948
Service cost	2	2	3
Interest cost	718	753	552
Actuarial loss (gain)	(737)	501
Plan amendments	0	0
Benefit payments	(907)	(890)
Other	(132)	0
Benefit obligation at end of period	13,258	14,314	13,948
American Airlines, Inc. \| Retiree Medical and Other Postretirement Benefits
Reconciliation of benefit obligation:
Benefit obligation at beginning of period	1,325	906
Service cost	29	17	16
Interest cost	64	55	30
Actuarial loss (gain)	(58)	92
Plan amendments	54	339
Benefit payments	(107)	(84)
Other	0	0
Benefit obligation at end of period	$ 1,307	$ 1,325	$ 906

Income Taxes - Components of Income Tax Provision (Benefit) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current income tax benefit:
State, local and foreign	$ 0	$ 0	$ (6)
Deferred income tax provision:
Federal	285	268	59
State and local	23	31	6
Deferred income tax provision	308	299	65
Total income tax provision	308	299	59
American Airlines, Inc.
Current income tax benefit:
State, local and foreign	0	0	(6)
Deferred income tax provision:
Federal	391	361	112
State and local	35	33	10
Deferred income tax provision	426	394	122
Total income tax provision	$ 426	$ 394	$ 116

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

+ Details

Subsequent Event	12 Months Ended
Subsequent Event	Dec. 31, 2024
Subsequent Event [Line Items]
Subsequent Event	Subsequent Event On January 29, 2025, American Eagle flight 5342 was involved in a fatal accident in Washington, D.C. The Bombardier CRJ 700 aircraft operated by PSA was en route to Washington, D.C. from Wichita, Kansas when it was involved in a midair collision near Ronald Reagan Washington National Airport. American has industry standard insurance coverage for this incident, and is continuing its assessment of the impact on its business resulting from the accident.
American Airlines, Inc.
Subsequent Event [Line Items]
Subsequent Event	Subsequent Event On January 29, 2025, American Eagle flight 5342 was involved in a fatal accident in Washington, D.C. The Bombardier CRJ 700 aircraft operated by PSA was en route to Washington, D.C. from Wichita, Kansas when it was involved in a midair collision near Ronald Reagan Washington National Airport. American has industry standard insurance coverage for this incident, and is continuing its assessment of the impact on its business resulting from the accident.

Share Based Compensation - Restricted Stock Unit Awards (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Weighted Average Grant Date Fair Value [Abstract]
Modification of share-based awards	$ 20
Restricted Stock Units (RSUs), Stock Settled
Number of Shares [Roll Forward]
Number of Shares, Beginning Balance (in shares)	14,235	10,263	9,401
Number of Shares, Granted (in shares)	2,580	9,834	5,882
Number of Shares, Modified (in shares)	(2,809)
Number of Shares, Vested and released (in shares)	(4,833)	(5,161)	(4,131)
Number of Shares, Forfeited (in shares)	(827)	(701)	(889)
Number of Shares, Ending balance (in shares)	8,346	14,235	10,263
Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Beginning Balance (in dollars per share)	$ 15.18	$ 17.51	$ 20.17
Weighted Average Grant Date Fair Value, Granted (in dollars per share)	15.76	14.54	15.93
Weighted Average Grant Date Fair Value, Modified (in dollars per share)	16.18
Weighted Average Grant Date Fair Value, Vested and released (in dollars per share)	15.91	17.81	21.04
Weighted Average Grant Date Fair Value, Forfeited (in dollars per share)	15.83	20.49	18.04
Weighted Average Grant Date Fair Value, Ending balance (in dollars per share)	$ 15.59	$ 15.18	$ 17.51
Number of Shares, Modified (in shares)	2,809
CRSU
Number of Shares [Roll Forward]
Number of Shares, Beginning Balance (in shares)	37
Number of Shares, Granted (in shares)	5,634
Number of Shares, Modified (in shares)	(2,809)
Number of Shares, Vested and released (in shares)	(1,337)
Number of Shares, Forfeited (in shares)	(136)
Number of Shares, Ending balance (in shares)	7,007	37
Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Beginning Balance (in dollars per share)	$ 13.74
Weighted Average Grant Date Fair Value, Granted (in dollars per share)	17.43
Weighted Average Grant Date Fair Value, Modified (in dollars per share)	16.18
Weighted Average Grant Date Fair Value, Vested and released (in dollars per share)	14.75
Weighted Average Grant Date Fair Value, Forfeited (in dollars per share)	17.42
Weighted Average Grant Date Fair Value, Ending balance (in dollars per share)	$ 17.43	$ 13.74
Number of Shares, Modified (in shares)	2,809
American Airlines, Inc.
Weighted Average Grant Date Fair Value [Abstract]
Modification of share-based awards	$ 20
American Airlines, Inc. \| Restricted Stock Units (RSUs), Stock Settled
Number of Shares [Roll Forward]
Number of Shares, Beginning Balance (in shares)	14,235	10,263	9,401
Number of Shares, Granted (in shares)	2,580	9,834	5,882
Number of Shares, Modified (in shares)	(2,809)
Number of Shares, Vested and released (in shares)	(4,833)	(5,161)	(4,131)
Number of Shares, Forfeited (in shares)	(827)	(701)	(889)
Number of Shares, Ending balance (in shares)	8,346	14,235	10,263
Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Beginning Balance (in dollars per share)	$ 15.18	$ 17.51	$ 20.17
Weighted Average Grant Date Fair Value, Granted (in dollars per share)	15.76	14.54	15.93
Weighted Average Grant Date Fair Value, Modified (in dollars per share)	16.18
Weighted Average Grant Date Fair Value, Vested and released (in dollars per share)	15.91	17.81	21.04
Weighted Average Grant Date Fair Value, Forfeited (in dollars per share)	15.83	20.49	18.04
Weighted Average Grant Date Fair Value, Ending balance (in dollars per share)	$ 15.59	$ 15.18	$ 17.51
Number of Shares, Modified (in shares)	2,809
American Airlines, Inc. \| CRSU
Number of Shares [Roll Forward]
Number of Shares, Beginning Balance (in shares)	37
Number of Shares, Granted (in shares)	5,634
Number of Shares, Modified (in shares)	(2,809)
Number of Shares, Vested and released (in shares)	(1,337)
Number of Shares, Forfeited (in shares)	(136)
Number of Shares, Ending balance (in shares)	7,007	37
Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Beginning Balance (in dollars per share)	$ 13.74
Weighted Average Grant Date Fair Value, Granted (in dollars per share)	17.43
Weighted Average Grant Date Fair Value, Modified (in dollars per share)	16.18
Weighted Average Grant Date Fair Value, Vested and released (in dollars per share)	14.75
Weighted Average Grant Date Fair Value, Forfeited (in dollars per share)	17.42
Weighted Average Grant Date Fair Value, Ending balance (in dollars per share)	$ 17.43	$ 13.74
Number of Shares, Modified (in shares)	2,809

Debt - Certain Covenants (Details)	12 Months Ended
Debt - Certain Covenants (Details)	Dec. 31, 2024 USD ($)	Dec. 18, 2024 USD ($)
Debt Instrument [Line Items]
Covenant terms, minimum aggregate liquidity required	$ 2,000,000,000.0
Secured Debt
Debt Instrument [Line Items]
LTV Multiplier	1.6
Maximum LTV	62.50%
Secured Debt \| Credit Facility 2013
Debt Instrument [Line Items]
Covenant terms, minimum aggregate liquidity required		$ 2,200,000,000
Secured Debt \| 7.25% Senior Secured Notes
Debt Instrument [Line Items]
Fixed interest rate per annum	7.25%
Secured Debt \| 8.50% Senior Secured Notes
Debt Instrument [Line Items]
Fixed interest rate per annum	8.50%
American Airlines, Inc. \| Secured Debt
Debt Instrument [Line Items]
LTV Multiplier	1.6
Maximum LTV	62.50%
American Airlines, Inc. \| Secured Debt \| Credit Facility 2013
Debt Instrument [Line Items]
Covenant terms, minimum aggregate liquidity required		$ 2,200,000,000
American Airlines, Inc. \| Secured Debt \| 7.25% Senior Secured Notes
Debt Instrument [Line Items]
Fixed interest rate per annum	7.25%
American Airlines, Inc. \| Secured Debt \| Credit Facility 2014
Debt Instrument [Line Items]
LTV as of Last Measurement Date	15.80%
American Airlines, Inc. \| Secured Debt \| 8.50% Senior Secured Notes
Debt Instrument [Line Items]
Fixed interest rate per annum	8.50%
American Airlines, Inc. \| Secured Debt \| 10.75% Senior Secured Notes
Debt Instrument [Line Items]
LTV as of Last Measurement Date	5.20%
American Airlines, Inc. \| Secured Debt \| 2013 Credit Facility and 7.25% Senior Secured Notes
Debt Instrument [Line Items]
LTV as of Last Measurement Date	35.00%
American Airlines, Inc. \| Secured Debt \| 2023 Term Loan Facility and 8.50% Senior Secured Notes
Debt Instrument [Line Items]
LTV as of Last Measurement Date	24.70%

Consolidated Statements of Cash Flows - American Airlines Group Inc. (Parenthetical) - USD ($)
$ in Millions

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Statement of Cash Flows [Abstract]

Cash

$ 804

$ 578

$ 440

Restricted cash included in restricted cash and short-term investments

103

146

Total cash and restricted cash

$ 902

^[1]

$ 681

^[1]

$ 586

^[1]

$ 408

[1]

The following table provides a reconciliation of cash and restricted cash to amounts reported within the consolidated balance sheets:


Cash	$	804	$	578	$	440
Restricted cash included in restricted cash and short-term investments	98		103		146
Total cash and restricted cash	$	902	$	681	$	586

- Definition

+ References + Details

Debt - Schedule of Interest Recognized for Convertible Notes (Details) - Senior Notes - Convertible Senior Notes 6.50% Due 2025 - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Contractual coupon interest	$ 65	$ 65	$ 65
Non-cash amortization of debt discount	7	6	6
Total interest expense	$ 72	$ 71	$ 71
Interest rate, effective percentage		7.00%	7.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2024

SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]

Valuation and Qualifying Accounts

Valuation and Qualifying Accounts (in millions)


	Balance at Beginning of Year		Additions Charged to Statement of Operations Accounts		Deductions and Other		Balance at End of Year
Allowance for obsolescence of spare parts
Year ended December 31, 2024	$	728	$	116	$	(47)	$	797
Year ended December 31, 2023	616		98		14		728
Year ended December 31, 2022	634		96		(114)		616

American Airlines, Inc.

SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]

Valuation and Qualifying Accounts

Valuation and Qualifying Accounts (in millions)


	Balance at Beginning of Year		Additions Charged to Statement of Operations Accounts		Deductions and Other		Balance at End of Year
Allowance for obsolescence of spare parts
Year ended December 31, 2024	$	675	$	94	$	(24)	$	745
Year ended December 31, 2023	566		83		26		675
Year ended December 31, 2022	588		82		(104)		566

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Consolidated Statements of Stockholders' Equity - American Airlines, Inc. - USD ($) $ in Millions	Total	American Airlines, Inc.	Common Stock	Common Stock American Airlines, Inc.	Additional Paid-in Capital	Additional Paid-in Capital American Airlines, Inc.	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss American Airlines, Inc.	Retained Deficit	Retained Deficit American Airlines, Inc.
Beginning Balance at Dec. 31, 2021	$ (7,340)	$ 3,826	$ 6	$ 0	$ 7,234	$ 17,152	$ (5,942)	$ (6,041)	$ (8,638)	$ (7,285)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	127	338							127	338
Other comprehensive income (loss), net	1,357	1,351					1,357	1,351
Share-based compensation expense	78	75			78	75
Intercompany equity transfer		3			3
Ending Balance at Dec. 31, 2022	(5,799)	5,593	6	0	7,291	17,230	(4,585)	(4,690)	(8,511)	(6,947)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	822	1,188							822	1,188
Other comprehensive income (loss), net	(309)	(309)					(309)	(309)
Share-based compensation expense	102	97			102	97
Intercompany equity transfer		8				8
Ending Balance at Dec. 31, 2023	(5,202)	6,577	7	0	7,374	17,335	(4,894)	(4,999)	(7,689)	(5,759)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	846	1,262							846	1,262
Other comprehensive income (loss), net	329	322					329	322
Share-based compensation expense	92	89			92	89
Modification of share-based awards	(20)	(20)			(20)	(20)
Intercompany equity transfer		4				4
Ending Balance at Dec. 31, 2024	$ (3,977)	$ 8,234	$ 7	$ 0	$ 7,424	$ 17,408	$ (4,565)	$ (4,677)	$ (6,843)	$ (4,497)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

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-Paragraph 3
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+ Details

Basis of Presentation and Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2024

Organization Basis of Presentation and Summary of Significant Accounting Policies [Line Items]

Basis of Presentation and Summary of Significant Accounting Policies

(a) Basis of Presentation

The preparation of financial statements in accordance with accounting principles generally accepted in the United States (GAAP) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The most significant areas of judgment relate to passenger revenue recognition, the loyalty program, deferred tax assets, as well as pension and retiree medical and other postretirement benefits. Certain prior year amounts within “changes in operating assets and liabilities” presented in the consolidated statement of cash flows have been reclassified to conform to current year presentation. This change in the presentation on the consolidated statement of cash flows had no impact on net cash provided by operating activities or net change in cash and restricted cash.

(b) Recent Accounting Pronouncements

Accounting Standards Update (ASU) 2023-09: Income Taxes (Topic 740) Improvements to Income Tax Disclosures

ASU 2024-03: Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-04) Disaggregation of Income Statement Expenses

(d) Restricted Cash and Short-term Investments

We have restricted cash and short-term investments related primarily to collateral held to support workers’ compensation obligations and collateral associated with the AAdvantage Financing. See Note 4 for further information on the AAdvantage Financing.

(e) Accounts Receivable, Net

(f) Aircraft Fuel, Spare Parts and Supplies, Net

(g) Operating Property and Equipment


Principal Property and Equipment Classification			Estimated Useful Life
Aircraft, engines and related rotable parts			20 – 30 years
Buildings and improvements			5 – 30 years
Furniture, fixtures and other equipment			3 – 15 years
Capitalized software			5 – 10 years

Total mainline and regional depreciation and amortization expense was $2.2 billion for the year ended December 31, 2024 and $2.3 billion for each of the years ended December 31, 2023 and 2022.

(h) Leases

For real estate, we account for the lease and non-lease components as a single lease component.

(i) Income Taxes

(j) Goodwill

Goodwill is assessed for impairment by initially performing a qualitative assessment. If we determine that it is more likely than not that our goodwill may be impaired, we use a quantitative approach to assess the asset’s fair value and the amount of the impairment, if any. Based upon our annual assessment, there was no goodwill impairment in 2024. The carrying value of our goodwill on our consolidated balance sheets was $4.1 billion as of December 31, 2024 and 2023.

(k) Other Intangibles, Net

Definite-Lived Intangible Assets

Certain domestic airport slots and airport gate leasehold rights are amortized on a straight-line basis over 25 years. Certain marketing agreements were identified as intangible assets subject to amortization and are amortized on a straight-line basis over approximately 30 years. We had $101 million and $108 million of definite-lived intangible assets, net of accumulated amortization on our consolidated balance sheets as of December 31, 2024 and 2023, respectively. We expect to record amortization expense related to these assets of approximately $6 million for each of the years in 2025 through 2029, and $70 million of amortization expense in 2030 and thereafter until fully amortized.

Indefinite-Lived Intangible Assets

Indefinite-lived intangible assets are assessed for impairment by initially performing a qualitative assessment. If we determine that it is more likely than not that our indefinite-lived intangible assets may be impaired, we use a quantitative approach to assess the asset’s fair value and the amount of the impairment, if any. Based upon our annual assessment, there were no indefinite-lived intangible asset impairments in 2024. We had $1.9 billion of indefinite-lived intangible assets on our consolidated balance sheets as of December 31, 2024 and 2023.

(l) Fuel Financing

(m) Revenue Recognition

Revenue

The following are the significant categories comprising our operating revenues (in millions):


	Year Ended December 31,
	2024		2023		2022
Passenger revenue:
Passenger travel	$	45,743	$	44,914	$	41,425
Loyalty revenue - travel (1)	3,843		3,598		3,143
Total passenger revenue	49,586		48,512		44,568
Cargo	804		812		1,233
Other:
Loyalty revenue - marketing services	3,257		2,929		2,657
Other revenue	564		535		513
Total other revenue	3,821		3,464		3,170
Total operating revenues	$	54,211	$	52,788	$	48,971

(1)Loyalty revenue included in passenger revenue is principally comprised of mileage credit redemptions, which were earned from travel or co-branded credit card and other partners. See “Loyalty Revenue” below for further discussion on these mileage credits.

The following is our total passenger revenue by geographic region (in millions):


	Year Ended December 31,
	2024		2023		2022
Domestic	$	35,336	$	34,592	$	32,911
Latin America	6,560		6,719		6,150
Atlantic	6,445		6,205		5,070
Pacific	1,245		996		437
Total passenger revenue	$	49,586	$	48,512	$	44,568

We attribute passenger revenue by geographic region based upon the origin and destination of each flight segment.

Passenger Revenue

Loyalty Revenue

Mileage credits earned through travel

Mileage credits sold to co-branded credit cards and other partners

of two components, transportation and marketing. We allocate the consideration received from these sales of mileage credits based on the relative selling price of each product or service delivered.

Cargo Revenue

Cargo revenue is recognized when we provide the transportation.

Other Revenue

Contract Balances


	December 31,
	2024		2023
	(In millions)
Loyalty program liability	$	10,054	$	9,327
Air traffic liability	6,759		6,200
Total	$	16,813	$	15,527


Balance at December 31, 2023	$	9,327
Deferral of revenue	4,482
Recognition of revenue (1)	(3,755)
Balance at December 31, 2024 (2)	$	10,054

(n) Maintenance, Materials and Repairs

(o) Selling Expenses

Selling expenses include credit card fees, commissions, third party distribution channel fees and advertising. Selling expenses associated with passenger revenue are expensed when the transportation or service is provided. Advertising costs are expensed as incurred. Advertising expense was $143 million, $114 million and $105 million for the years ended December 31, 2024, 2023 and 2022, respectively.

(p) Share-based Compensation

(q) Foreign Currency Gains and Losses

Foreign currency gains and losses are recorded as part of other income (expense), net within total nonoperating expense, net on our consolidated statements of operations. For the years ended December 31, 2024, 2023 and 2022, foreign currency losses were $48 million, $30 million and $38 million, respectively.

(r) Other Operating Expenses

(s) Regional Expenses

arrangements with our wholly-owned regional affiliates. Expenses associated with American Eagle operations are classified as regional expenses on the consolidated statements of operations.

Regional expenses for the years ended December 31, 2024, 2023 and 2022 include $319 million, $318 million and $321 million of depreciation and amortization, respectively, and $9 million, $7 million and $5 million of aircraft rent, respectively.

In 2024, 2023 and 2022, we recognized $612 million, $636 million and $592 million, respectively, of expense under our capacity purchase agreement with Republic Airways Inc. (Republic). We hold a 25% equity interest in Republic Airways Holdings Inc. (Republic Holdings), the parent company of Republic.

American Airlines, Inc.

Organization Basis of Presentation and Summary of Significant Accounting Policies [Line Items]

Basis of Presentation and Summary of Significant Accounting Policies

(a) Basis of Presentation

(b) Recent Accounting Pronouncements

Accounting Standards Update (ASU) 2023-09: Income Taxes (Topic 740) Improvements to Income Tax Disclosures

This standard enhances transparency of income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information, as well as improvements to the effectiveness and comparability of other income tax disclosures. The amendments in this update are effective for annual periods beginning after December 15, 2024, and early adoption is permitted. American is currently evaluating how the adoption of this standard will impact its income tax disclosures.

ASU 2024-03: Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-04) Disaggregation of Income Statement Expenses

This standard enhances transparency in reporting by requiring disaggregation of certain costs and expenses in the notes to financial statements. This update is effective for annual periods beginning after December 15, 2026 and interim periods within annual periods beginning after December 15, 2027, and early adoption is permitted. American is currently evaluating how the adoption of this standard will impact its disclosures.

Short-term investments primarily include debt securities and are classified as available-for-sale and stated at fair value. Realized gains and losses are recorded as interest income in nonoperating expense, net on American’s consolidated statements of operations. Unrealized gains and losses are recorded as a component of accumulated other comprehensive loss on American’s consolidated balance sheets. For investments in an unrealized loss position, American determines whether a credit loss exists by considering information about the collectability of the instrument, current market conditions and reasonable and supportable forecasts of economic conditions. There have been no credit losses.

(d) Restricted Cash and Short-term Investments

American has restricted cash and short-term investments related primarily to collateral held to support workers’ compensation obligations and collateral associated with the AAdvantage Financing. See Note 3 for further information on the AAdvantage Financing.

(e) Accounts Receivable, Net

Accounts receivable primarily consist of amounts due from credit card processing companies for tickets sold to individual passengers, amounts due from airline and non-airline business partners, including American’s co-branded credit card partners and cargo customers. Receivables from ticket sales are short-term, mostly settled within seven days after sale. Receivables from American’s business partners are typically settled within 30 days. All accounts receivable are reported net of an allowance for credit losses, which was not material as of December 31, 2024 and 2023. American considers past and future financial and qualitative factors, including aging, payment history and other credit monitoring indicators, when establishing the allowance for credit losses.

(f) Aircraft Fuel, Spare Parts and Supplies, Net

Aircraft fuel is recorded on a first-in, first-out basis. Spare parts and supplies are recorded at average costs less an allowance for obsolescence, which is recognized over the weighted average remaining useful life of the related fleet. American also provides an allowance for spare parts and supplies identified as excess or obsolete to reduce the carrying cost to the lower of cost or net realizable value. Aircraft fuel, spare parts and supplies are expensed when used.

(g) Operating Property and Equipment


Principal Property and Equipment Classification			Estimated Useful Life
Aircraft, engines and related rotable parts			20 – 30 years
Buildings and improvements			5 – 30 years
Furniture, fixtures and other equipment			3 – 15 years
Capitalized software			5 – 10 years

Total mainline and regional depreciation and amortization expense was $2.2 billion for each of the years ended December 31, 2024, 2023 and 2022.

(h) Leases

issuances as well as publicly available data for instruments with similar characteristics when calculating its incremental borrowing rates.

For real estate, American accounts for the lease and non-lease components as a single lease component.

(i) Income Taxes

(j) Goodwill

Goodwill represents the purchase price in excess of the fair value of the net assets acquired and liabilities assumed in connection with the 2013 merger with US Airways Group, Inc. (US Airways Group). American has one reporting unit. American assesses goodwill for impairment annually or more frequently if events or circumstances indicate that the fair value of goodwill may be lower than the carrying value. American’s annual assessment date is October 1.

Goodwill is assessed for impairment by initially performing a qualitative assessment. If American determines that it is more likely than not that its goodwill may be impaired, it uses a quantitative approach to assess the asset’s fair value and the amount of the impairment, if any. Based upon American’s annual assessment, there was no goodwill impairment in 2024. The carrying value of American’s goodwill on its consolidated balance sheets was $4.1 billion as of December 31, 2024 and 2023.

(k) Other Intangibles, Net

Definite-Lived Intangible Assets

Certain domestic airport slots and airport gate leasehold rights are amortized on a straight-line basis over 25 years. Certain marketing agreements were identified as intangible assets subject to amortization and are amortized on a straight-line basis over approximately 30 years. American had $101 million and $108 million of definite-lived intangible assets, net of accumulated amortization on its consolidated balance sheets as of December 31, 2024 and 2023, respectively. American expects to record amortization expense related to these assets of approximately $6 million for each of the years in 2025 through 2029, and $70 million of amortization expense in 2030 and thereafter until fully amortized.

Indefinite-Lived Intangible Assets

Indefinite-lived intangible assets are assessed for impairment by initially performing a qualitative assessment. If American determines that it is more likely than not that its indefinite-lived intangible assets may be impaired, American uses a quantitative approach to assess the asset’s fair value and the amount of the impairment, if any. Based upon American’s annual assessment, there were no indefinite-lived intangible asset impairments in 2024. American had $1.9 billion of indefinite-lived intangible assets on its consolidated balance sheets as of December 31, 2024 and 2023.

(l) Fuel Financing

(m) Revenue Recognition

Revenue

The following are the significant categories comprising American’s operating revenues (in millions):


	Year Ended December 31,
	2024		2023		2022
Passenger revenue:
Passenger travel	$	45,743	$	44,914	$	41,425
Loyalty revenue - travel (1)	3,843		3,598		3,143
Total passenger revenue	49,586		48,512		44,568
Cargo	804		812		1,233
Other:
Loyalty revenue - marketing services	3,257		2,929		2,657
Other revenue	557		531		507
Total other revenue	3,814		3,460		3,164
Total operating revenues	$	54,204	$	52,784	$	48,965

The following is American’s total passenger revenue by geographic region (in millions):


	Year Ended December 31,
	2024		2023		2022
Domestic	$	35,336	$	34,592	$	32,911
Latin America	6,560		6,719		6,150
Atlantic	6,445		6,205		5,070
Pacific	1,245		996		437
Total passenger revenue	$	49,586	$	48,512	$	44,568

American attributes passenger revenue by geographic region based upon the origin and destination of each flight segment.

Passenger Revenue

The majority of tickets sold are nonrefundable. A small percentage of tickets, some of which are partially used tickets, expire unused. The estimate for tickets expected to expire unused is generally based on an analysis of American’s historical data and other current applicable factors such as policy changes. American has consistently applied this accounting method to estimate and recognize revenue from unused tickets at the date of travel. This estimate is periodically evaluated based on subsequent activity to validate its accuracy. Any adjustments resulting from periodic evaluations of the estimated air traffic liability are included in passenger revenue during the period in which the evaluations are completed.

Loyalty Revenue

Mileage credits earned through travel

Mileage credits sold to co-branded credit cards and other partners

The marketing component includes the use of intellectual property, including the American brand and access to loyalty program member lists, which is the predominant element in these agreements, as well as advertising and other travel-related benefits. American recognizes the marketing component in other revenue in the period of the mileage credit sale following the sales-based royalty method.

Cargo Revenue

Cargo revenue is recognized when American provides the transportation.

Other Revenue

Contract Balances


	December 31,
	2024		2023
	(In millions)
Loyalty program liability	$	10,054	$	9,327
Air traffic liability	6,759		6,200
Total	$	16,813	$	15,527


Balance at December 31, 2023	$	9,327
Deferral of revenue	4,482
Recognition of revenue (1)	(3,755)
Balance at December 31, 2024 (2)	$	10,054

(2)Mileage credits can be redeemed at any time and generally do not expire as long as that AAdvantage member has any type of qualifying activity at least every 24 months or if the AAdvantage member is the primary holder of a co-branded credit card. As of December 31, 2024, American’s current loyalty program liability was $3.6 billion and represents American’s current estimate of revenue expected to be recognized in the next 12 months based on historical trends, with the balance reflected in long-term loyalty program liability expected to be recognized as revenue in periods thereafter. Additionally, as of December 31, 2024, American’s loyalty program liability includes a one-time cash payment related to the new co-branded credit card agreement announced in December 2024, which will be amortized over the life of the new agreement beginning in 2026.

(n) Maintenance, Materials and Repairs

(o) Selling Expenses

(p) Share-based Compensation

(q) Foreign Currency Gains and Losses

Foreign currency gains and losses are recorded as part of other income (expense), net within total nonoperating expense, net on American’s consolidated statements of operations. For the years ended December 31, 2024, 2023 and 2022, foreign currency losses were $47 million, $30 million and $38 million, respectively.

(r) Other Operating Expenses

(s) Regional Expenses

Regional expenses for the years ended December 31, 2024, 2023 and 2022 include $279 million, $271 million and $269 million of depreciation and amortization, respectively, and $9 million, $7 million and $5 million of aircraft rent, respectively.

In 2024, 2023 and 2022, American recognized $612 million, $636 million and $592 million, respectively, of expense under its capacity purchase agreement with Republic Airways Inc. (Republic). American holds a 25% equity interest in Republic Airways Holdings Inc. (Republic Holdings), the parent company of Republic.

Debt - 2023 Credit Facilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 23, 2024	Jun. 04, 2024	Dec. 22, 2024	Jun. 03, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Total long-term debt	$ 30,118					$ 32,759
American Airlines, Inc.
Line of Credit Facility [Line Items]
Total long-term debt	25,372
Secured Debt
Line of Credit Facility [Line Items]
Total long-term debt	25,372					27,526
Secured Debt \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Total long-term debt	25,372					27,526
Credit Facility 2023 \| Secured Debt
Line of Credit Facility [Line Items]
Total long-term debt	1,089					1,100
Credit Facility 2023 \| Secured Debt \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Total long-term debt	1,089					$ 1,100
Initial Term Loan \| 2023 Credit Facilities \| Secured Debt
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity					$ 1,100
Total long-term debt		$ 1,100
Initial Term Loan \| 2023 Credit Facilities \| Secured Debt \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity				$ 1,100	$ 1,100
Term Loan \| 2023 Credit Facilities \| Base Rate
Line of Credit Facility [Line Items]
Floor interest rate		1.00%
Term Loan \| 2023 Credit Facilities \| Base Rate \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Floor interest rate			1.00%
Term Loan \| 2023 Credit Facilities \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Floor interest rate			0.00%
Term Loan \| 2023 Credit Facilities \| Secured Overnight Financing Rate (SOFR) \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Floor interest rate			0.00%
Term Loan \| 2023 Credit Facilities \| Secured Debt
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	1,100		$ 1,100
Total long-term debt	1,100
Term Loan \| 2023 Credit Facilities \| Secured Debt \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,100	$ 1,100	$ 1,100
Term Loan \| 2023 Credit Facilities \| Secured Debt \| Base Rate
Line of Credit Facility [Line Items]
Interest rate margin		1.25%
Term Loan \| 2023 Credit Facilities \| Secured Debt \| Base Rate \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin		1.25%
Term Loan \| 2023 Credit Facilities \| Secured Debt \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Interest rate margin	2.25%	2.25%
Term Loan \| 2023 Credit Facilities \| Secured Debt \| Secured Overnight Financing Rate (SOFR) \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin	2.25%	2.25%
Revolving Credit Facility \| Credit Facility 2023 \| Base Rate
Line of Credit Facility [Line Items]
Floor interest rate			1.00%
Revolving Credit Facility \| Credit Facility 2023 \| Base Rate \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Floor interest rate			1.00%
Revolving Credit Facility \| Credit Facility 2023 \| Base Rate \| Interest Rate Margin One
Line of Credit Facility [Line Items]
Interest rate margin			2.00%
Revolving Credit Facility \| Credit Facility 2023 \| Base Rate \| Interest Rate Margin One \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin			2.00%
Revolving Credit Facility \| Credit Facility 2023 \| Base Rate \| Interest Rate Margin Two
Line of Credit Facility [Line Items]
Interest rate margin			2.25%
Revolving Credit Facility \| Credit Facility 2023 \| Base Rate \| Interest Rate Margin Two \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin			2.25%
Revolving Credit Facility \| Credit Facility 2023 \| Base Rate \| Interest Rate Margin Three
Line of Credit Facility [Line Items]
Interest rate margin			2.50%
Revolving Credit Facility \| Credit Facility 2023 \| Base Rate \| Interest Rate Margin Three \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin			2.50%
Revolving Credit Facility \| Credit Facility 2023 \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Floor interest rate			0.00%
Revolving Credit Facility \| Credit Facility 2023 \| Secured Overnight Financing Rate (SOFR) \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Floor interest rate			0.00%
Revolving Credit Facility \| Credit Facility 2023 \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin One
Line of Credit Facility [Line Items]
Interest rate margin			3.00%
Revolving Credit Facility \| Credit Facility 2023 \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin One \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin			3.00%
Revolving Credit Facility \| Credit Facility 2023 \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin Two
Line of Credit Facility [Line Items]
Interest rate margin			3.25%
Revolving Credit Facility \| Credit Facility 2023 \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin Two \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin			3.25%
Revolving Credit Facility \| Credit Facility 2023 \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin Three
Line of Credit Facility [Line Items]
Interest rate margin			3.50%
Revolving Credit Facility \| Credit Facility 2023 \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin Three \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin			3.50%
Revolving Credit Facility \| Credit Facility 2023 \| Secured Debt
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 890
Long-term line of credit	$ 0
Revolving Credit Facility \| Credit Facility 2023 \| Secured Debt \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 890
Long-term line of credit	$ 0

Debt - Schedule of Maturities of Long-Term Debt (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Maturities of Long-term Debt [Abstract]
2025	$ 5,196
2026	4,201
2027	4,983
2028	5,304
2029	3,890
2030 and thereafter	6,544
Total	30,118	$ 32,759
American Airlines, Inc.
Maturities of Long-term Debt [Abstract]
2025	4,196
2026	4,201
2027	4,983
2028	5,304
2029	3,890
2030 and thereafter	2,798
Total	$ 25,372

Commitments, Contingencies and Guarantees - Capacity Purchase Agreements (Details) - American Airlines, Inc. - Airline Capacity Purchase Arrangements $ in Millions	Dec. 31, 2024 USD ($)
Unrecorded Unconditional Purchase Obligation [Line Items]
Capacity purchase agreement, percentage of reimbursement for certain variable costs	100.00%
2025	$ 1,114
2026	1,068
2027	1,066
2028	990
2029	829
2030 and Thereafter	849
Total	$ 5,916

Debt - 2014 Credit Facilities (Details) - USD ($)			1 Months Ended
Debt - 2014 Credit Facilities (Details) - USD ($)	Dec. 31, 2024	Jun. 04, 2024	Mar. 31, 2023	Jun. 03, 2024
Line of Credit Facility [Line Items]
Covenant terms, minimum aggregate liquidity required	$ 2,000,000,000.0
Credit Facility 2014 \| Base Rate \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Floor interest rate			1.00%
Interest rate margin			0.75%
Credit Facility 2014 \| Secured Overnight Financing Rate (SOFR) \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Floor interest rate			0.00%
Interest rate margin			1.75%
Term Loan \| Credit Facility 2014 \| Base Rate
Line of Credit Facility [Line Items]
Floor interest rate			1.00%
Interest rate margin			0.75%
Term Loan \| Credit Facility 2014 \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Floor interest rate			0.00%
Interest rate margin	1.75%		1.75%
Term Loan \| Credit Facility 2014 \| Secured Overnight Financing Rate (SOFR) \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin	1.75%
Revolving Credit Facility \| Credit Facility 2014 \| Secured Debt
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity		$ 1,500,000,000
Covenant terms, minimum aggregate liquidity required		2,000,000,000		$ 2,200,000,000
Restricted payments liquidity requirement		4,000,000,000		4,200,000,000
Long-term line of credit	$ 0
Revolving Credit Facility \| Credit Facility 2014 \| Secured Debt \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity		1,500,000,000
Covenant terms, minimum aggregate liquidity required		2,000,000,000		2,200,000,000
Restricted payments liquidity requirement		$ 4,000,000,000		$ 4,200,000,000
Long-term line of credit	$ 0
Revolving Credit Facility \| Credit Facility 2014 \| Base Rate
Line of Credit Facility [Line Items]
Floor interest rate		1.00%
Revolving Credit Facility \| Credit Facility 2014 \| Base Rate \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Floor interest rate		1.00%
Revolving Credit Facility \| Credit Facility 2014 \| Base Rate \| Interest Rate Margin One
Line of Credit Facility [Line Items]
Interest rate margin		2.00%
Revolving Credit Facility \| Credit Facility 2014 \| Base Rate \| Interest Rate Margin One \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin		2.00%
Revolving Credit Facility \| Credit Facility 2014 \| Base Rate \| Interest Rate Margin Two
Line of Credit Facility [Line Items]
Interest rate margin		2.25%
Revolving Credit Facility \| Credit Facility 2014 \| Base Rate \| Interest Rate Margin Two \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin		2.25%
Revolving Credit Facility \| Credit Facility 2014 \| Base Rate \| Interest Rate Margin Three
Line of Credit Facility [Line Items]
Interest rate margin		2.50%
Revolving Credit Facility \| Credit Facility 2014 \| Base Rate \| Interest Rate Margin Three \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin		2.50%
Revolving Credit Facility \| Credit Facility 2014 \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Floor interest rate		0.00%
Revolving Credit Facility \| Credit Facility 2014 \| Secured Overnight Financing Rate (SOFR) \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin		0.00%
Revolving Credit Facility \| Credit Facility 2014 \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin One
Line of Credit Facility [Line Items]
Interest rate margin		3.00%
Revolving Credit Facility \| Credit Facility 2014 \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin One \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin		3.00%
Revolving Credit Facility \| Credit Facility 2014 \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin Two
Line of Credit Facility [Line Items]
Interest rate margin		3.25%
Revolving Credit Facility \| Credit Facility 2014 \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin Two \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin		3.25%
Revolving Credit Facility \| Credit Facility 2014 \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin Three
Line of Credit Facility [Line Items]
Interest rate margin		3.50%
Revolving Credit Facility \| Credit Facility 2014 \| Secured Overnight Financing Rate (SOFR) \| Interest Rate Margin Three \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Interest rate margin		3.50%
Letter of Credit \| Credit Facility 2014 \| Secured Debt
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity		$ 200,000,000
Letter of Credit \| Credit Facility 2014 \| Secured Debt \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity		$ 200,000,000

Transactions with Related Parties - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Capacity purchases from third-party regional carriers	$ 5,042	$ 4,643	$ 4,385
American Airlines, Inc.
Related Party Transaction [Line Items]
Capacity purchases from third-party regional carriers	5,009	4,619	4,345
American Airlines, Inc. \| Regional Carrier \| AAG's Wholly-owned Subsidiaries \| Airline Capacity Purchase Arrangements
Related Party Transaction [Line Items]
Capacity purchases from third-party regional carriers	$ 2,900	$ 2,700	$ 2,500

Employee Benefit Plans - Schedule of Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 13,349	$ 14,410
Fair value of plan assets	12,254	12,431
Accumulated benefit obligation	13,341	14,403
Fair value of plan assets	12,254	12,431
Retiree Medical and Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	1,308	1,325
Fair value of plan assets	128	133
American Airlines, Inc. \| Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	13,258	14,314
Accumulated benefit obligation	13,251	14,307
Fair value of plan assets	12,175	12,358
American Airlines, Inc. \| Retiree Medical and Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	1,307	1,325
Fair value of plan assets	$ 128	$ 133

Debt

12 Months Ended

Dec. 31, 2024

Debt Instrument [Line Items]

Debt

Long-term debt included on our consolidated balance sheets consisted of (in millions):


	December 31,
	2024		2023
Secured
2013 Term Loan Facility, variable interest rate of 6.65%, installments until due in February 2028 (a)	$	980	$	990
2014 Term Loan Facility, variable interest rate of 6.17%, installments until due in January 2027 (a)	1,171		1,183
2023 Term Loan Facility, variable interest rate of 6.96%, installments until due in June 2029 (a)	1,089		1,100
10.75% senior secured IP notes, interest and principal payments due through February 2026 (b)	781		1,000
10.75% senior secured LGA/DCA notes, interest and principal payments due through February 2026 (b)	156		200
7.25% senior secured notes, interest only payments until due in February 2028 (b)	750		750
8.50% senior secured notes, interest only payments until due in May 2029 (b)	1,000		1,000
5.50% senior secured notes, installments until due in April 2026 (c)	1,750		2,917
5.75% senior secured notes, installments beginning in July 2026 until due in April 2029 (c)	3,000		3,000
AAdvantage Term Loan Facility, variable interest rate of 9.63%, installments until due in April 2028 (c)	2,450		3,150
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 2.88% to 7.15%, averaging 3.84%, maturing from 2025 to 2034 (d)	7,271		7,657
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.55% to 7.25%, averaging 6.17%, maturing from 2025 to 2036 (e)	4,094		3,612
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036	880		967
	25,372		27,526
Unsecured
PSP1 Promissory Note, interest only payments until due in April 2030 (f)	1,757		1,757
PSP2 Promissory Note, interest only payments until due in January 2031 (f)	1,030		1,030
PSP3 Promissory Note, interest only payments until due in April 2031 (f)	959		959
6.50% convertible senior notes, interest only payments until due in July 2025 (g)	1,000		1,000
3.75% senior notes, interest only payments until due in March 2025 (h)	—		487
	4,746		5,233
Total long-term debt	30,118		32,759
Less: Total unamortized debt discount, premium and issuance costs	305		363
Less: Current maturities	5,196		3,501
Long-term debt, net of current maturities	$	24,617	$	28,895

As of December 31, 2024, the maximum availability under our revolving credit and other facilities is as follows (in millions):


2013 Revolving Facility	$	500
2014 Revolving Facility	1,500
2023 Revolving Facility	890
Other facilities	399
Total	$	3,289

In March 2024, American entered into a revolving credit facility that provides for borrowing capacity of up to $350 million, maturing in March 2027 with an option to extend for an additional year. As of December 31, 2024, there were no amounts drawn under this facility. Additionally, American currently has $49 million of available borrowing base under a cargo receivables facility that is set to expire in December 2025. As further described below, the aggregate commitments under the 2013, 2014, and 2023 Revolving Facilities are $2.9 billion through June 4, 2029.

Secured financings, including revolving credit and other facilities, are collateralized by assets, consisting primarily of aircraft, engines, simulators, airport gate leasehold rights, route authorities, airport slots, certain receivables, certain intellectual property and certain loyalty program assets.

At December 31, 2024, the maturities of long-term debt are as follows (in millions):


2025	$	5,196
2026	4,201
2027	4,983
2028	5,304
2029	3,890
2030 and thereafter	6,544
Total	$	30,118

(a) 2013, 2014 and 2023 Credit Facilities

2013 Credit Facilities

The Amended and Restated Credit and Guaranty Agreement dated as of May 21, 2015, as amended (the 2013 Credit Agreement), includes a revolving credit facility (the 2013 Revolving Facility) and a term loan facility (the 2013 Term Loan Facility), collectively referred to as the 2013 Credit Facilities.

On June 4, 2024, American and AAG entered into the Ninth Amendment to Amended and Restated Credit and Guaranty Agreement (the Ninth Amendment), amending the 2013 Credit Agreement, pursuant to which American terminated all existing revolving commitments and letter of credit commitments available under the 2013 Credit Agreement and established new revolving commitments in an aggregate amount of $500 million (which includes the ability to issue letters of credit in an aggregate amount of $100 million) (the newly established commitments, the 2013 Revolving Facility), which have a maturity date of June 4, 2029. Additionally, as a result of the Ninth Amendment, the 2013 Revolving Facility bears interest at a base rate (subject to a floor of 1.00%) plus an applicable margin of 2.00%, 2.25% or 2.50%, depending on AAG’s public corporate credit rating, or, at American’s option, SOFR for a tenor of one, three or six months, depending on the interest period selected by American (subject to a floor of 0.00%), plus an applicable margin of 3.00%, 3.25% or 3.50%, depending on AAG’s public corporate credit rating. Pursuant to the Ninth Amendment, SOFR borrowings under the 2013 Revolving Facility are not subject to a credit spread adjustment. As of December 31, 2024, there were no borrowings or letters of credit outstanding under the 2013 Revolving Facility.

an applicable margin of 2.25% per annum. Additionally, the 2013 Credit Agreement Tenth Amendment amended certain other terms of the 2013 Credit Agreement, including, among other things, reducing the minimum liquidity financial covenant threshold from $2.2 billion to $2.0 billion and removing the cost spread adjustment on the 2013 Term Loan Facility. As of December 31, 2024, the margin elected was 2.25% per annum.

2014 Credit Facilities

The Amended and Restated Credit and Guaranty Agreement, dated as of April 20, 2015, as amended (the 2014 Credit Agreement), includes a revolving credit facility (the 2014 Revolving Facility) and term loan facility (the 2014 Term Loan Facility), collectively referred to as the 2014 Credit Facilities. The 2014 Term Loan Facility bears interest at a base rate (subject to a floor of 1.00%) plus an applicable margin of 0.75% or, at American’s option, the SOFR rate for a tenor of one, three or six months, depending on the interest period selected by American, plus the SOFR adjustment applicable to such interest period (with such SOFR rate plus SOFR adjustment being subject to a floor of 0.00%) plus an applicable margin of 1.75%. As of December 31, 2024, the margin elected was 1.75% per annum.

On June 4, 2024, American and AAG entered into the Tenth Amendment to Amended and Restated Credit and Guaranty Agreement (the 2014 Credit Agreement Tenth Amendment), amending the 2014 Credit Agreement, pursuant to which American terminated all existing revolving commitments and letter of credit commitments available under the 2014 Credit Agreement and established new revolving commitments in an aggregate amount of $1.5 billion (which includes the ability to issue letters of credit in an aggregate amount of $200 million) (the newly established commitments, the 2014 Revolving Facility), which have a maturity date of June 4, 2029. Additionally, as a result of the 2014 Credit Agreement Tenth Amendment, the 2014 Revolving Facility bears interest at a base rate (subject to a floor of 1.00%) plus an applicable margin of 2.00%, 2.25% or 2.50%, depending on AAG’s public corporate credit rating, or, at American’s option, the SOFR rate for a tenor of one, three or six months, depending on the interest period selected by American (subject to a floor of 0.00%), plus an applicable margin of 3.00%, 3.25% or 3.50%, depending on AAG’s public corporate credit rating. The 2014 Credit Agreement Tenth Amendment also reduced the minimum liquidity financial covenant threshold from $2.2 billion to $2.0 billion and reduced the liquidity requirement for making certain restricted payments from $4.2 billion to $4.0 billion. Pursuant to the 2014 Credit Agreement Tenth Amendment, SOFR borrowings under the 2014 Revolving Facility are not subject to a credit spread adjustment. As of December 31, 2024, there were no borrowings or letters of credit outstanding under the 2014 Revolving Facility.

2023 Credit Facilities

In December 2023, American and AAG entered into a credit and guaranty agreement (the 2023 Credit Agreement) that provided for a term loan facility (the 2023 Term Loan Facility) in an aggregate principal amount of $1.1 billion, maturing in June 2029.

On June 4, 2024, American and AAG entered into the First Amendment to Credit and Guaranty Agreement (the First Amendment) and the Second Amendment to Credit and Guaranty Agreement (the Second Amendment), each amending the 2023 Credit Agreement. Pursuant to the First Amendment, American established a revolving credit facility (the 2023 Revolving Facility, collectively with the 2023 Term Loan Facility, referred to as the 2023 Credit Facilities) in an aggregate amount of $890 million, maturing June 4, 2029. The 2023 Revolving Facility bears interest at a base rate (subject to a floor of 1.00%) plus an applicable margin of 2.00%, 2.25% or 2.50%, depending on AAG’s public corporate credit rating, or, at American’s option, the SOFR rate for a tenor of one, three or six months, depending on the interest period selected by American (subject to a floor of 0.00%), plus an applicable margin of 3.00%, 3.25% or 3.50%, depending on AAG’s public corporate credit rating. SOFR borrowings under the 2023 Revolving Facility are not subject to a credit spread adjustment. As of December 31, 2024, there were no borrowings outstanding under the 2023 Revolving Facility. Pursuant to the Second Amendment, American replaced the $1.1 billion of initial term loans made pursuant to the 2023 Credit Agreement with new term loans in a principal amount of $1.1 billion.

On December 23, 2024, American and AAG entered into the Third Amendment to Credit and Guaranty Agreement (the Third Amendment), amending the 2023 Credit Agreement. As a result of the Third Amendment, the term loans outstanding under the 2023 Credit Agreement with an outstanding principal amount of $1.1 billion were replaced with term loans with a principal amount of $1.1 billion. Pursuant to the Third Amendment, the 2023 Term Loan Facility bears interest at a base rate (subject to a floor of 1.00%) plus an applicable margin of 1.25% per annum or, at American’s option, the SOFR rate for a tenor of one, three or six months, depending on the interest period selected by American (subject to a floor of 0.00%), plus an applicable margin of 2.25% per annum. SOFR borrowings under the 2023 Term Loan Facility are not subject to a credit spread adjustment. As of December 31, 2024, the margin elected was 2.25% per annum.

April 2016 Revolving Facility

On June 4, 2024, American terminated all revolving commitments under the Credit and Guaranty Agreement, dated as of April 29, 2016 (as amended, the April 2016 Credit Agreement). As a result, the April 2016 Credit Agreement was terminated and all liens securing the April 2016 Credit Agreement were released.

Other Terms of the 2013, 2014 and 2023 Credit Facilities

The term loans under the 2013, 2014 and 2023 Credit Facilities (collectively referred to as the Credit Facilities) are repayable in annual installments, in an amount equal to 1.00% of the aggregate principal amount issued, with any unpaid balance due on the respective maturity dates. Voluntary prepayments may be made by American at any time.

The 2013, 2014 and 2023 Revolving Facilities provide that American may from time to time borrow, repay and reborrow loans thereunder. The 2013, 2014 and 2023 Revolving Facilities are each subject to an undrawn annual fee of 0.750%.

Subject to certain limitations and exceptions, the Credit Facilities are secured by collateral, including certain slots, route authorities, simulators and leasehold rights. American has the ability to make future modifications to the collateral pledged, subject to certain restrictions. American’s obligations under the Credit Facilities are guaranteed by AAG, and such guarantee is AAG’s senior unsecured obligations (all of the collateral is owned by American, and AAG has not granted a security interest in any assets to secure any of the foregoing obligations). The Credit Facilities contain events of default customary for similar financings, including cross default and cross-acceleration to other material indebtedness.

(b) Senior Secured Notes

10.75% Senior Secured Notes

On September 25, 2020 (the 10.75% Senior Secured Notes Closing Date), American issued $1.0 billion in initial principal amount of senior secured IP notes (the IP Notes) and $200 million in initial principal amount of senior secured LGA/DCA notes (the LGA/DCA Notes and together with the IP Notes, the 10.75% Senior Secured Notes). The obligations of American under the 10.75% Senior Secured Notes are fully and unconditionally guaranteed (the 10.75% Senior Secured Notes Guarantees) on a senior unsecured basis by AAG. The 10.75% Senior Secured Notes bear interest at a rate of 10.75% per annum in cash. Interest on the 10.75% Senior Secured Notes is payable semiannually in arrears on September 1 and March 1 of each year, which began on March 1, 2021. The 10.75% Senior Secured Notes will mature on February 15, 2026.

The IP Notes are secured by a first lien security interest on certain intellectual property of American, including the “American Airlines” trademark and the “aa.com” domain name in the United States and certain foreign jurisdictions (the IP Collateral), and a second lien on certain slots related to American’s operations at New York LaGuardia and Ronald Reagan Washington National airports and certain other assets (the LGA/DCA Collateral and together with the IP Collateral, the 10.75% Senior Secured Notes Collateral). LGA/DCA Notes are secured by a first lien security interest in the LGA/DCA Collateral.

After the fourth anniversary of the 10.75% Senior Secured Notes Closing Date and on or prior to the fifth anniversary of the 10.75% Senior Secured Notes Closing Date, American may redeem all or any part of the 10.75% Senior Secured Notes, at its option, at a redemption price equal to 105.375% of the principal amount of the 10.75% Senior Secured Notes redeemed, together with accrued and unpaid interest thereon, if any. After the fifth anniversary of the 10.75% Senior Secured Notes Closing Date, American may redeem all or any part of the 10.75% Senior Secured Notes, at its option, at par, together with accrued and unpaid interest thereon, if any. In December 2024, American redeemed an aggregate amount of $263 million toward portions of the outstanding principal amounts of the 10.75% Senior Secured Notes and agreed to redeem an aggregate amount of $308 million by no later than April 15, 2025. American redeemed the aggregate amount of $308 million on February 4, 2025.

7.25% Senior Secured Notes

On February 15, 2023, American issued $750 million aggregate principal amount of 7.25% senior secured notes due 2028 (the 7.25% Senior Secured Notes) in a private offering. The 7.25% Senior Secured Notes were issued at par and bear interest at a rate of 7.25% per annum (subject to increase if the collateral coverage ratio described below is not met). Interest on the 7.25% Senior Secured Notes is payable semiannually in arrears on February 15 and August 15 of each year, which began on August 15, 2023. The 7.25% Senior Secured Notes will mature on February 15, 2028. The obligations of American under the 7.25% Senior Secured Notes are fully and unconditionally guaranteed on a senior unsecured basis by AAG.

The 7.25% Senior Secured Notes were issued pursuant to an indenture, dated as of February 15, 2023 (the 7.25% Senior Secured Notes Indenture), by and among American, AAG and Wilmington Trust, National Association, as trustee and collateral agent. The 7.25% Senior Secured Notes are American’s senior secured obligations and are secured on a first lien basis by security interests in certain assets, rights and properties that American uses to provide non-stop scheduled air carrier services between (a) certain airports in the United States and (b) airports in certain countries in South America and New Zealand (collectively, the 7.25% Senior Secured Notes Collateral). The 7.25% Senior Secured Notes Collateral also secures, on a first lien, pari passu basis with the 7.25% Senior Secured Notes, the 2013 Credit Facilities.

American may redeem the 7.25% Senior Secured Notes, in whole at any time or in part from time to time prior to February 15, 2025, at a redemption price equal to 100% of the principal amount of the 7.25% Senior Secured Notes to be redeemed, plus a “make-whole” premium, plus any accrued and unpaid interest thereon to but excluding the date of redemption. At any time on or after February 15, 2025, American may redeem all or any of the 7.25% Senior Secured Notes in whole at any time, or in part from time to time, at the redemption prices described in the 7.25% Senior Secured Notes Indenture, plus any accrued and unpaid interest thereon to but excluding the date of redemption. In addition, at any time prior to February 15, 2025, American may redeem up to 40% of the original aggregate principal amount of the 7.25% Senior Secured Notes (calculated after giving effect to any issuance of additional notes) with the net cash proceeds of certain equity offerings, at a redemption price equal to 107.250% of the aggregate principal amount of the 7.25% Senior Secured Notes to be redeemed, plus any accrued and unpaid interest thereon to but excluding the date of redemption.

Twice per year, American is required to deliver an appraisal of the 7.25% Senior Secured Notes Collateral and an officer’s certificate demonstrating the calculation of a collateral coverage ratio in relation to the 7.25% Senior Secured Notes Collateral (the 7.25% Senior Secured Notes Collateral Coverage Ratio) as of the date of delivery of the appraisal for the applicable period. If the 7.25% Senior Secured Notes Collateral Coverage Ratio is less than 1.6 to 1.0 as of the date of delivery of the appraisal for the applicable period, then, subject to a cure period in which additional collateral can be provided or debt repaid such that American meets the required 7.25% Senior Secured Notes Collateral Coverage Ratio, American will be required to pay special interest in an additional amount equal to 2.0% per annum of the principal amount of the 7.25% Senior Secured Notes until the 7.25% Senior Secured Notes Collateral Coverage Ratio is established to be at least 1.6 to 1.0.

8.50% Senior Secured Notes

On December 4, 2023, American issued $1.0 billion aggregate principal amount of 8.50% senior secured notes due 2029 (the 8.50% Senior Secured Notes) in a private offering. The 8.50% Senior Secured Notes were issued at par and bear interest at a rate of 8.50% per annum (subject to increase if the collateral coverage ratio described below is not met). Interest on the 8.50% Senior Secured Notes is payable semiannually in arrears on May 15 and November 15 of each year, which began on May 15, 2024. The 8.50% Senior Secured Notes will mature on May 15, 2029. The obligations of American under the 8.50% Senior Secured Notes are fully and unconditionally guaranteed on a senior unsecured basis by AAG.

The 8.50% Senior Secured Notes were issued pursuant to an indenture, dated as of December 4, 2023 (the 8.50% Senior Secured Notes Indenture), by and among American, AAG and Wilmington Trust, National Association, as trustee and collateral agent. The 8.50% Senior Secured Notes are American’s senior secured obligations and are secured on a first lien basis by security interests in certain assets, rights and properties that American uses to provide non-stop scheduled air carrier services between (a) certain airports in the United States and (b) certain airports in Australia, Canada, the Caribbean, Central America, China, Hong Kong, Japan, Mexico, South Korea and Switzerland (collectively, the 8.50% Senior Secured Notes Collateral). The 8.50% Senior Secured Notes Collateral also secures, on a first lien, pari passu basis with the 8.50% Senior Secured Notes, the 2023 Term Loan Facility.

American may redeem the 8.50% Senior Secured Notes, in whole at any time or in part from time to time prior to November 15, 2025, at a redemption price equal to 100% of the principal amount of the 8.50% Senior Secured Notes to be redeemed, plus a “make-whole” premium, plus any accrued and unpaid interest thereon to but excluding the date of redemption. At any time on or after November 15, 2025, American may redeem all or any of the 8.50% Senior Secured Notes in whole at any time, or in part from time to time, at the redemption prices described in the 8.50% Senior Secured Notes Indenture, plus any accrued and unpaid interest thereon to but excluding the date of redemption. In addition, at any time prior to November 15, 2025, American may redeem up to 40% of the original aggregate principal amount of the 8.50% Senior Secured Notes (calculated after giving effect to any issuance of additional notes) with the net cash proceeds of certain equity offerings, at a redemption price equal to 108.50% of the aggregate principal amount of the 8.50% Senior Secured Notes to be redeemed, plus any accrued and unpaid interest thereon to but excluding the date of redemption. In

addition, during each twelve-month period beginning on December 4, 2023 and ending on or prior to November 15, 2025, American may redeem up to 10% of the original aggregate principal amount of the 8.50% Senior Secured Notes at a redemption price of 103% of the principal amount thereof, plus any accrued and unpaid interest thereon to, but excluding, the applicable date of redemption.

Twice per year, American is required to deliver an appraisal of the 8.50% Senior Secured Notes Collateral and an officer’s certificate demonstrating the calculation of a collateral coverage ratio in relation to the 8.50% Senior Secured Notes Collateral (the 8.50% Senior Secured Notes Collateral Coverage Ratio) as of the date of delivery of the appraisal for the applicable period. If the 8.50% Senior Secured Notes Collateral Coverage Ratio is less than 1.6 to 1.0 as of the date of delivery of the appraisal for the applicable period, then, subject to a cure period in which additional collateral can be provided or debt repaid such that American meets the required 8.50% Senior Secured Notes Collateral Coverage Ratio, American will be required to pay special interest in an additional amount equal to 2.0% per annum of the principal amount of the 8.50% Senior Secured Notes until the 8.50% Senior Secured Notes Collateral Coverage Ratio is established to be at least 1.6 to 1.0.

On March 24, 2021 (the AAdvantage Financing Closing Date), American and AAdvantage Loyalty IP Ltd., a Cayman Islands exempted company incorporated with limited liability and an indirect wholly-owned subsidiary of American (Loyalty Issuer and, together with American, the AAdvantage Issuers), completed the offering of $3.5 billion aggregate principal amount of 5.50% Senior Secured Notes due 2026 (the 2026 Notes) and $3.0 billion aggregate principal amount of 5.75% Senior Secured Notes due 2029 (the 2029 Notes, and together with the 2026 Notes, the AAdvantage Notes). The AAdvantage Notes are fully and unconditionally guaranteed by the SPV Guarantors and AAG.

Concurrent with the issuance of the AAdvantage Notes, the AAdvantage Issuers, as co-borrowers, entered into a term loan credit and guaranty agreement, dated March 24, 2021, as amended, providing for a $3.5 billion term loan facility (the AAdvantage Term Loan Facility and collectively with the AAdvantage Notes, the AAdvantage Financing) and pursuant to which the full $3.5 billion of term loans (the AAdvantage Loans) were drawn on the AAdvantage Financing Closing Date. The AAdvantage Loans are fully and unconditionally guaranteed (together with the AAdvantage Note Guarantees, the AAdvantage Guarantees) by the SPV Guarantors and AAG.

Subject to certain permitted liens and other exceptions, the AAdvantage Notes, AAdvantage Loans and AAdvantage Guarantees provided by the SPV Guarantors are secured by a first-priority security interest in, and pledge of, various agreements with respect to the AAdvantage program (the AAdvantage Agreements) (including all payments thereunder) and certain intellectual property licenses, certain deposit accounts that will receive cash under the AAdvantage Agreements, certain reserve accounts, the equity of each of Loyalty Issuer and the SPV Guarantors and substantially all other assets of Loyalty Issuer and the SPV Guarantors including American’s rights to certain data and other intellectual property used in the AAdvantage program (subject to certain exceptions) (collectively, the AAdvantage Collateral).

Payment Terms of the AAdvantage Notes and AAdvantage Loans under the AAdvantage Term Loan Facility

Interest on the AAdvantage Notes is payable in cash, quarterly in arrears on the 20th day of each January, April, July and October (each, an AAdvantage Payment Date), which began on July 20, 2021. The 2026 Notes will mature on April 20, 2026, and the 2029 Notes will mature on April 20, 2029. The outstanding principal on the 2026 Notes will be repaid in quarterly installments of $292 million on each AAdvantage Payment Date, which began in July 2023. The outstanding principal on the 2029 Notes will be repaid in quarterly installments of $250 million on each AAdvantage Payment Date, beginning on July 20, 2026.

The AAdvantage Issuers may redeem the AAdvantage Notes, at their option, in whole at any time or in part from time to time, at a redemption price equal to 100% of the principal amount of the AAdvantage Notes redeemed plus a “make-whole” premium, together with accrued and unpaid interest to the date of redemption.

The scheduled maturity date of the AAdvantage Loans under the AAdvantage Term Loan Facility is April 20, 2028. The outstanding principal on the AAdvantage Loans will be repaid in quarterly installments of $175 million, on each AAdvantage Payment Date, which began in July 2023. These amortization payments (as well as those for the AAdvantage Notes) will be subject to the occurrence of certain early amortization events, including the failure to satisfy a minimum debt service coverage ratio at specified determination dates.

Prepayment of some or all of the AAdvantage Loans outstanding under the AAdvantage Term Loan Facility is permitted, although payment of an applicable premium is required as specified in the AAdvantage Term Loan Facility.

The AAdvantage Indenture and the AAdvantage Term Loan Facility contain mandatory prepayment provisions triggered upon (i) the issuance or incurrence by Loyalty Issuer or the SPV Guarantors of certain indebtedness or (ii) the receipt by American or its subsidiaries of net proceeds from pre-paid frequent flyer (i.e., AAdvantage) mileage credit sales exceeding $505 million. Each of these prepayments would also require payment of an applicable premium. Certain other events, including the occurrence of a change of control with respect to AAG and certain AAdvantage Collateral sales exceeding a specified threshold, will also trigger mandatory repurchase or mandatory prepayment provisions under the AAdvantage Indenture and the AAdvantage Term Loan Facility, respectively.

The AAdvantage Term Loan Facility bears interest at a base rate (subject to a floor of 0.00%) plus an applicable margin of 3.75% or, at American’s option, the SOFR rate for a tenor of three months, plus a 0.26161% credit spread adjustment (with such SOFR rate plus SOFR adjustment being subject to a floor of 0.75%) and an applicable margin of 4.75%. As of December 31, 2024, the margin elected was 4.75%.

(d) EETCs issued in 2024

In 2024, American entered into agreements under which it borrowed $684 million in connection with the financing of certain aircraft that had been previously delivered. Debt incurred under these agreements is junior to existing equipment notes, matures in 2027 through 2028 and bears interest at fixed rates averaging 7.10%.

(e) Equipment Loans and Other Notes Payable Issued in 2024

In 2024, American entered into agreements under which it borrowed $990 million in connection with the financing of certain aircraft. Debt incurred under these agreements matures in 2030 through 2036 and bears interest at variable rates (comprised of SOFR plus an applicable margin) averaging 6.28% as of December 31, 2024.

(f) PSP Promissory Notes

As partial compensation to the U.S. Government for the provision of financial assistance under the PSP Agreements, AAG issued promissory notes to Treasury (PSP1 Promissory Note, PSP2 Promissory Note and PSP3 Promissory Note, collectively the PSP Promissory Notes), in the aggregate principal amount of $3.7 billion which provides for the guarantee of our obligations under the PSP Promissory Notes by AAG’s subsidiaries American, Envoy Air Inc., Piedmont and PSA (together, the Subsidiaries).

The PSP Promissory Notes bear interest on the outstanding principal amount at a rate equal to 1.00% per annum until the fifth anniversary of the applicable PSP closing date and 2.00% plus an interest rate based on SOFR per annum or other benchmark replacement rate consistent with customary market conventions (but not to be less than 0.00%) thereafter until maturity on the tenth anniversary of the applicable PSP closing date, and interest accrued thereon is payable in arrears on the last business day of March and September of each year. The aggregate principal amount outstanding under the PSP Promissory Notes, together with all accrued and unpaid interest thereon and all other amounts payable under the PSP Promissory Notes, will be due and payable on the applicable maturity date.

The PSP Promissory Notes are our senior unsecured obligation and each guarantee of the PSP Promissory Notes is the senior unsecured obligation of each of the Subsidiaries, respectively.

We may, at any time and from time to time, voluntarily prepay amounts outstanding under the PSP Promissory Notes, in whole or in part, without penalty or premium. Within 30 days of the occurrence of certain change of control triggering events, we are required to prepay the aggregate outstanding principal amount of the PSP Promissory Notes at such time, together with any accrued interest or other amounts owing under the PSP Promissory Notes at such time.

(g) 6.50% Convertible Senior Notes

In June 2020, AAG completed the public offering of $1.0 billion aggregate principal amount of AAG’s 6.50% convertible senior notes due 2025 (the Convertible Notes). The Convertible Notes are fully and unconditionally guaranteed by American on a senior unsecured basis (the Convertible Notes Guarantee). The net proceeds from the Convertible Notes were approximately $970 million, after deducting the underwriters’ discounts and commissions and our offering expenses.

The Convertible Notes bear interest at a rate of 6.50% per annum. Interest on the Convertible Notes is payable semiannually in arrears on January 1 and July 1 of each year, which began on January 1, 2021. The Convertible Notes will mature on July 1, 2025, unless earlier converted, redeemed or repurchased by us.

Upon conversion, AAG will pay or deliver, as the case may be, cash, shares of AAG common stock or a combination of cash and shares of AAG common stock, at AAG’s election. The initial conversion rate is 61.7284 shares of AAG common stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of approximately $16.20 per share of AAG common stock). The conversion rate is subject to adjustment in some events as described in the Convertible Notes Indenture.

Holders may convert their Convertible Notes at their option only in the following circumstances: (1) during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on September 30, 2020, if the last reported sale price per share of AAG common stock exceeds 130% of the conversion price for each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter; (2) during the five consecutive business days immediately after any 10 consecutive trading day period (such 10 consecutive trading day period, the measurement period) in which the trading price per $1,000 principal amount of Convertible Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price per share of AAG common stock on such trading day and the conversion rate on such trading day; (3) upon the occurrence of certain corporate events or distributions on AAG common stock; (4) if AAG calls such Convertible Notes for redemption; and (5) at any time from, and including, April 1, 2025 until the close of business on the scheduled trading day immediately before the maturity date of the Convertible Notes.

In addition, following certain corporate events that occur prior to the maturity date or upon AAG’s issuance of a notice of redemption, AAG will increase the conversion rate for a holder who elects to convert its Convertible Notes in connection with such corporate event or during the related redemption period in certain circumstances by a specified number of shares of AAG common stock as described in the Convertible Notes Indenture.

On or after July 5, 2023 and on or before the 20th scheduled trading day immediately before the maturity date, AAG may redeem the Convertible Notes, in whole or in part, if the last reported sale price of AAG common stock has been at least 130% of the conversion price then in effect on (1) each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading days ending on, and including, the trading day immediately before the date AAG sends the related redemption notice; and (2) the trading day immediately before the date AAG sends such notice. In the case of any optional redemption, AAG will redeem the Convertible Notes at a redemption price equal to 100% of the principal amount of such Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.

The following table provides information relating to the Convertible Notes as of December 31, 2024 and 2023 (in millions):


	December 31,
	2024		2023
Principal amount	$	1,000	$	1,000
Unamortized debt discount	(3)		(10)
Net carrying amount	$	997	$	990

The effective interest rate for the Convertible Notes was 7% for each of the years ended December 31, 2024, 2023 and 2022. Interest recognized for the Convertible Notes is as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Contractual coupon interest	$	65	$	65	$	65
Non-cash amortization of debt discount	7		6		6
Total interest expense	$	72	$	71	$	71

At December 31, 2024, the if-converted value of the Convertible Notes exceeded the principal amount by $76 million. The last reported sale price per share of our common stock (as defined in the Convertible Notes Indenture) did not exceed 130% of the conversion price of the Convertible Notes for at least 20 of the 30 consecutive trading days ending on December 31, 2024. Accordingly, pursuant to the terms of the Convertible Notes Indenture, the holders of the Convertible Notes cannot convert at their option at any time during the quarter ending March 31, 2025. Each $1,000 principal amount of Convertible Notes is convertible at a rate of 61.7284 shares of our common stock, subject to adjustment as provided in the Convertible Notes Indenture. We may settle conversions by paying or delivering, as applicable, cash, shares of our

common stock or a combination of cash and shares of our common stock, at our election. If certain conditions are not met at maturity, cash settlement is required.

(h) Unsecured Senior Notes

3.75% Senior Notes

In February 2020, AAG issued $500 million aggregate principal amount of 3.75% senior notes due 2025 (the 3.75% Senior Notes). In December 2024, AAG repaid the outstanding principal amount of the 3.75% Senior Notes in advance of the March 2025 maturity.

Guarantees

Certain Covenants

Our debt agreements contain customary terms and conditions as well as various affirmative, negative and financial covenants that, among other things, may restrict the ability of us and our subsidiaries to incur additional indebtedness, pay dividends or repurchase stock. Our debt agreements also contain customary change of control provisions, which may require us to repay or redeem such indebtedness upon certain events constituting a change of control under the relevant agreement, in certain cases at a premium. Additionally, certain of our debt financing agreements (including our secured notes, term loans, revolving credit facilities and spare engine EETCs) contain loan to value (LTV) or collateral coverage ratio covenants and certain agreements require us to appraise the related collateral annually or semiannually. Pursuant to such agreements, if the applicable LTV or collateral coverage ratio exceeds or falls below a specified threshold, as the case may be, we will be required, as applicable, to pledge additional qualifying collateral (which in some cases may include cash or investment securities), withhold additional cash in certain accounts, or pay down such financing, in whole or in part, or the interest rate for the relevant financing will be increased. Additionally, a significant portion of our debt financing agreements contain covenants requiring us to maintain an aggregate of at least $2.0 billion of unrestricted cash and cash equivalents and amounts available to be drawn under revolving credit facilities, and our AAdvantage Financing contains a peak debt service coverage ratio, pursuant to which failure to comply with a certain threshold may result in early repayment, in whole or in part, of the AAdvantage Financing.

2013 Credit
Facilities

7.25% Senior Secured Notes

2014 Credit
Facilities

2023 Credit Facilities

8.50% Senior Secured Notes

10.75% Senior Secured Notes

LTV Requirement

1.6x Collateral valuation to amount of debt outstanding (62.5% LTV)

LTV as of Last Measurement Date

35.0%

15.8%

24.7%

5.2%

Frequency of Appraisals of Appraised Collateral

Semi-Annual

Annual

Collateral Description

Generally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and South America and New Zealand

Generally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and European Union (including London Heathrow)

Generally, certain DCA slots, certain LGA slots, certain simulators and certain leasehold rights and, in the case of the IP Notes, certain intellectual property of American

At December 31, 2024, we were in compliance with the applicable collateral coverage tests as of the most recent measurement dates.

American Airlines, Inc.

Debt Instrument [Line Items]

Debt

Long-term debt included on American’s consolidated balance sheets consisted of (in millions):


	December 31,
	2024		2023
Secured
2013 Term Loan Facility, variable interest rate of 6.65%, installments until due in February 2028 (a)	$	980	$	990
2014 Term Loan Facility, variable interest rate of 6.17%, installments until due in January 2027 (a)	1,171		1,183
2023 Term Loan Facility, variable interest rate of 6.96%, installments until due in June 2029 (a)	1,089		1,100
10.75% senior secured IP notes, interest and principal payments due through February 2026 (b)	781		1,000
10.75% senior secured LGA/DCA notes, interest and principal payments due through February 2026 (b)	156		200
7.25% senior secured notes, interest only payments until due in February 2028 (b)	750		750
8.50% senior secured notes, interest only payments until due in May 2029 (b)	1,000		1,000
5.50% senior secured notes, installments until due in April 2026 (c)	1,750		2,917
5.75% senior secured notes, installments beginning in July 2026 until due in April 2029 (c)	3,000		3,000
AAdvantage Term Loan Facility, variable interest rate of 9.63%, installments until due in April 2028 (c)	2,450		3,150
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 2.88% to 7.15%, averaging 3.84%, maturing from 2025 to 2034 (d)	7,271		7,657
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.55% to 7.25%, averaging 6.17%, maturing from 2025 to 2036 (e)	4,094		3,612
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036	880		967

Total long-term debt	25,372		27,526
Less: Total unamortized debt discount, premium and issuance costs	300		349
Less: Current maturities	4,196		3,501
Long-term debt, net of current maturities	$	20,876	$	23,676

As of December 31, 2024, the maximum availability under American’s revolving credit and other facilities is as follows (in millions):


2013 Revolving Facility	$	500
2014 Revolving Facility	1,500
2023 Revolving Facility	890
Other facilities	399
Total	$	3,289

At December 31, 2024, the maturities of long-term debt are as follows (in millions):


2025	$	4,196
2026	4,201
2027	4,983
2028	5,304
2029	3,890
2030 and thereafter	2,798
Total	$	25,372

(a) 2013, 2014 and 2023 Credit Facilities

2013 Credit Facilities

On December 19, 2024, American and AAG entered into the Tenth Amendment to Amended and Restated Credit and Guaranty Agreement (the 2013 Credit Agreement Tenth Amendment), amending the 2013 Credit Agreement. As a result of the 2013 Credit Agreement Tenth Amendment, the term loans outstanding under the 2013 Credit Agreement with an outstanding principal amount of $980 million were replaced with term loans with a principal amount of $980 million. Pursuant to the 2013 Credit Agreement Tenth Amendment, the 2013 Term Loan Facility bears interest at a base rate (subject to a floor of 1.00%) plus an applicable margin of 1.25% per annum or, at American’s option, the SOFR rate for a tenor of one, three or six months, depending on the interest period selected by American (subject to a floor of 0.00%), plus an applicable margin of 2.25% per annum. Additionally, the 2013 Credit Agreement Tenth Amendment amended certain other terms of the 2013 Credit Agreement, including, among other things, reducing the minimum liquidity financial covenant threshold from $2.2 billion to $2.0 billion and removing the cost spread adjustment on the 2013 Term Loan Facility. As of December 31, 2024, the margin elected was 2.25% per annum.

2014 Credit Facilities

2023 Credit Facilities

April 2016 Revolving Facility

Other Terms of the 2013, 2014 and 2023 Credit Facilities

(b) Senior Secured Notes

10.75% Senior Secured Notes

7.25% Senior Secured Notes

Notes in whole at any time, or in part from time to time, at the redemption prices described in the 7.25% Senior Secured Notes Indenture, plus any accrued and unpaid interest thereon to but excluding the date of redemption. In addition, at any time prior to February 15, 2025, American may redeem up to 40% of the original aggregate principal amount of the 7.25% Senior Secured Notes (calculated after giving effect to any issuance of additional notes) with the net cash proceeds of certain equity offerings, at a redemption price equal to 107.250% of the aggregate principal amount of the 7.25% Senior Secured Notes to be redeemed, plus any accrued and unpaid interest thereon to but excluding the date of redemption.

8.50% Senior Secured Notes

amount of the 8.50% Senior Secured Notes until the 8.50% Senior Secured Notes Collateral Coverage Ratio is established to be at least 1.6 to 1.0.

Payment Terms of the AAdvantage Notes and AAdvantage Loans under the AAdvantage Term Loan Facility

(with such SOFR rate plus SOFR adjustment being subject to a floor of 0.75%) and an applicable margin of 4.75%. As of December 31, 2024, the margin elected was 4.75%.

(d) EETCs issued in 2024

(e) Equipment Loans and Other Notes Payable Issued in 2024

Guarantees

Certain Covenants

American’s debt agreements contain customary terms and conditions as well as various affirmative, negative and financial covenants that, among other things, may restrict the ability of American to incur additional indebtedness. American’s debt agreements also contain customary change of control provisions, which may require it to repay or redeem such indebtedness upon certain events constituting a change of control under the relevant agreement, in certain cases at a premium. Additionally, certain of American’s debt financing agreements (including its secured notes, term loans, revolving credit facilities and spare engine EETCs) contain loan to value (LTV) or collateral coverage ratio covenants and certain agreements require American to appraise the related collateral annually or semiannually. Pursuant to such agreements, if the applicable LTV or collateral coverage ratio exceeds or falls below a specified threshold, as the case may be, American will be required, as applicable, to pledge additional qualifying collateral (which in some cases may include cash or investment securities), withhold additional cash in certain accounts, or pay down such financing, in whole or in part, or the interest rate for the relevant financing will be increased. Additionally, a significant portion of American’s debt financing agreements contain covenants requiring it to maintain an aggregate of at least $2.0 billion of unrestricted cash and cash equivalents and amounts available to be drawn under revolving credit facilities, and its AAdvantage Financing contains a peak debt service coverage ratio, pursuant to which failure to comply with a certain threshold may result in early repayment, in whole or in part, of the AAdvantage Financing.

2013 Credit Facilities

7.25% Senior Secured Notes

2014 Credit Facilities

2023 Credit Facilities

8.50% Senior Secured Notes

10.75% Senior Secured Notes

LTV Requirement

1.6x Collateral valuation to amount of debt outstanding (62.5% LTV)

LTV as of Last Measurement Date

35.0%

15.8%

24.7%

5.2%

Frequency of Appraisals of Appraised Collateral

Semi-Annual

Annual

Collateral Description

Generally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and South America and New Zealand

Generally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and European Union (including London Heathrow)

Generally, certain DCA slots, certain LGA slots, certain simulators and certain leasehold rights and, in the case of the IP Notes, certain intellectual property of American

At December 31, 2024, American was in compliance with the applicable collateral coverage tests as of the most recent measurement dates.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (a)(1)
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-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
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-Paragraph 1B
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/470/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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-Paragraph 1B
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Consolidated Balance Sheets - American Airlines, Inc. (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Accumulated amortization of intangibles	$ 841	$ 834
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,750,000,000	1,750,000,000
Common stock, shares issued (in shares)	657,566,166	654,273,192
Common stock, shares outstanding (in shares)	657,566,166	654,273,192
American Airlines, Inc.
Accumulated amortization of intangibles	$ 841	$ 834
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00
Common stock, shares authorized (in shares)	1,000	1,000
Common stock, shares issued (in shares)	1,000	1,000
Common stock, shares outstanding (in shares)	1,000	1,000

Debt - 6.50% Convertible Senior Notes (Details)	1 Months Ended	12 Months Ended
Debt - 6.50% Convertible Senior Notes (Details)	Jun. 30, 2020 USD ($) $ / shares	Dec. 31, 2024 USD ($) day	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt \| $		$ 1,670,000,000	$ 4,822,000,000	$ 1,069,000,000
Convertible Senior Notes 6.50% Due 2025 \| Senior Notes
Debt Instrument [Line Items]
Fixed interest rate per annum	6.50%	6.50%
Aggregate principal issued \| $	$ 1,000,000,000.0
Proceeds from issuance of long-term debt \| $	$ 970,000,000
Debt instrument, conversion ratio	0.0617284
Conversion price (in dollars per share) \| $ / shares	$ 16.20
Convertible debt, conversion terms, percentage of sales price exceeding conversion price	130.00%
Threshold trading days		20
Threshold consecutive trading days		30
Redemption price percentage	100.00%
If-converted value in excess of principal \| $		$ 76,000,000
Convertible Senior Notes 6.50% Due 2025 \| Senior Notes \| Debt Conversion, Circumstance One
Debt Instrument [Line Items]
Convertible debt, conversion terms, percentage of sales price exceeding conversion price	130.00%
Threshold trading days		20
Threshold consecutive trading days		30
Convertible Senior Notes 6.50% Due 2025 \| Senior Notes \| Debt Conversion, Circumstance Two
Debt Instrument [Line Items]
Threshold trading days		5
Threshold consecutive trading days		10
Convertible debt, conversion terms, measurement period trading price threshold percentage	98.00%

Commitments, Contingencies and Guarantees (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies [Line Items]

Long-term Purchase Commitments

Under all of our aircraft and engine purchase agreements, our total future commitments as of December 31, 2024 are expected to be as follows (approximately, in millions):


	2025		2026		2027		2028		2029		2030 and Thereafter		Total
Payments for aircraft and engine commitments (1)	$	2,169	$	4,186	$	4,003	$	3,403	$	3,345	$	9,009	$	26,115

Minimum Fixed Obligations under Capacity Purchase Agreements with Third-Party Regional Carriers

As of December 31, 2024, American’s minimum obligations under its capacity purchase agreements with third-party regional carriers are expected to be as follows (approximately, in millions):


	2025		2026		2027		2028		2029		2030 and Thereafter		Total
Minimum obligations under capacity purchase agreements with third-party regional carriers (1)	$	1,114	$	1,068	$	1,066	$	990	$	829	$	849	$	5,916

American Airlines, Inc.

Commitments and Contingencies [Line Items]

Long-term Purchase Commitments

Under all of American’s aircraft and engine purchase agreements, its total future commitments as of December 31, 2024 are expected to be as follows (approximately, in millions):


	2025		2026		2027		2028		2029		2030 and Thereafter		Total
Payments for aircraft and engine commitments (1)	$	2,169	$	4,186	$	4,003	$	3,403	$	3,345	$	9,009	$	26,115

Minimum Fixed Obligations under Capacity Purchase Agreements with Third-Party Regional Carriers

As of December 31, 2024, American’s minimum obligations under its capacity purchase agreements with third-party regional carriers are expected to be as follows (approximately, in millions):


	2025		2026		2027		2028		2029		2030 and Thereafter		Total
Minimum obligations under capacity purchase agreements with third-party regional carriers (1)	$	1,114	$	1,068	$	1,066	$	990	$	829	$	849	$	5,916

Debt - EETCs (Details) - USD ($) $ in Millions	12 Months Ended
Debt - EETCs (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	$ 1,670	$ 4,822	$ 1,069
Secured Debt \| Enhanced Equipment Trust Certificate Issued In Current Year
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	$ 684
Weighted average effective interest rate on variable rate debt	7.10%
American Airlines, Inc.
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	$ 1,670	$ 4,822	$ 1,069
American Airlines, Inc. \| Secured Debt \| Enhanced Equipment Trust Certificate Issued In Current Year
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	$ 684
Weighted average effective interest rate on variable rate debt	7.10%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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Valuation and Qualifying Accounts (Tables)

12 Months Ended

Dec. 31, 2024

SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]

Components of Valuation and Qualifying Accounts

Valuation and Qualifying Accounts (in millions)


	Balance at Beginning of Year		Additions Charged to Statement of Operations Accounts		Deductions and Other		Balance at End of Year
Allowance for obsolescence of spare parts
Year ended December 31, 2024	$	728	$	116	$	(47)	$	797
Year ended December 31, 2023	616		98		14		728
Year ended December 31, 2022	634		96		(114)		616

American Airlines, Inc.

SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]

Components of Valuation and Qualifying Accounts

Valuation and Qualifying Accounts (in millions)


	Balance at Beginning of Year		Additions Charged to Statement of Operations Accounts		Deductions and Other		Balance at End of Year
Allowance for obsolescence of spare parts
Year ended December 31, 2024	$	675	$	94	$	(24)	$	745
Year ended December 31, 2023	566		83		26		675
Year ended December 31, 2022	588		82		(104)		566

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Consolidated Balance Sheets - American Airlines, Inc. - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Assets, Current [Abstract]
Cash	$ 804	$ 578
Short-term investments	6,180	7,000
Restricted cash and short-term investments	732	910
Accounts receivable, net	2,006	2,026
Aircraft fuel, spare parts and supplies, net	2,638	2,400
Prepaid expenses and other	794	658
Total current assets	13,154	13,572
Operating property and equipment
Flight equipment	43,521	41,794
Ground property and equipment	10,202	10,307
Equipment purchase deposits	1,012	760
Total property and equipment, at cost	54,735	52,861
Less accumulated depreciation and amortization	(23,608)	(22,097)
Total property and equipment, net	31,127	30,764
Operating lease right-of-use assets	7,333	7,939
Other assets
Goodwill	4,091	4,091
Intangibles, net of accumulated amortization of $841 and $834, respectively	2,044	2,051
Deferred tax asset	2,485	2,888
Other assets	1,549	1,753
Total other assets	10,169	10,783
Total assets	61,783	63,058
Current liabilities
Current maturities of long-term debt and finance leases	5,322	3,632
Accounts payable	2,455	2,353
Accrued salaries and wages	2,150	2,377
Operating lease liabilities	1,092	1,309
Other accrued liabilities	2,961	2,738
Total current liabilities	24,295	22,062
Noncurrent liabilities
Long-term debt and finance leases, net of current maturities	25,154	29,270
Pension and postretirement benefits	2,128	3,044
Loyalty program liability	6,498	5,874
Operating lease liabilities	5,976	6,452
Other liabilities	1,709	1,558
Total noncurrent liabilities	41,465	46,198
Commitments and contingencies
Stockholders’ equity (deficit)
Common stock, $0.01 par value; 1,750,000,000 shares authorized, 657,566,166 shares issued and outstanding at December 31, 2024; 654,273,192 shares issued and outstanding at December 31, 2023	7	7
Additional paid-in capital	7,424	7,374
Accumulated other comprehensive loss	(4,565)	(4,894)
Retained deficit	(6,843)	(7,689)
Total stockholders’ deficit	(3,977)	(5,202)
Total liabilities and stockholders’ equity (deficit)	61,783	63,058
Air traffic liability
Current liabilities
Air traffic/Loyalty program liabilities	6,759	6,200
Loyalty program liability
Current liabilities
Air traffic/Loyalty program liabilities	3,556	3,453
American Airlines, Inc.
Assets, Current [Abstract]
Cash	795	567
Short-term investments	6,177	6,998
Restricted cash and short-term investments	732	910
Accounts receivable, net	1,977	1,995
Receivables from related parties, net	8,187	7,070
Aircraft fuel, spare parts and supplies, net	2,476	2,266
Prepaid expenses and other	675	561
Total current assets	21,019	20,367
Operating property and equipment
Flight equipment	43,158	41,440
Ground property and equipment	9,709	9,848
Equipment purchase deposits	1,012	760
Total property and equipment, at cost	53,879	52,048
Less accumulated depreciation and amortization	(23,060)	(21,588)
Total property and equipment, net	30,819	30,460
Operating lease right-of-use assets	7,274	7,886
Other assets
Goodwill	4,091	4,091
Intangibles, net of accumulated amortization of $841 and $834, respectively	2,044	2,051
Deferred tax asset	2,068	2,589
Other assets	1,440	1,630
Total other assets	9,643	10,361
Total assets	68,755	69,074
Current liabilities
Current maturities of long-term debt and finance leases	4,326	3,625
Accounts payable	2,372	2,232
Accrued salaries and wages	1,995	2,210
Operating lease liabilities	1,082	1,292
Other accrued liabilities	2,812	2,605
Total current liabilities	22,902	21,617
Noncurrent liabilities
Long-term debt and finance leases, net of current maturities	21,410	24,050
Pension and postretirement benefits	2,115	3,020
Loyalty program liability	6,498	5,874
Operating lease liabilities	5,926	6,416
Other liabilities	1,670	1,520
Total noncurrent liabilities	37,619	40,880
Commitments and contingencies
Stockholders’ equity (deficit)
Common stock, $0.01 par value; 1,750,000,000 shares authorized, 657,566,166 shares issued and outstanding at December 31, 2024; 654,273,192 shares issued and outstanding at December 31, 2023	0	0
Additional paid-in capital	17,408	17,335
Accumulated other comprehensive loss	(4,677)	(4,999)
Retained deficit	(4,497)	(5,759)
Total stockholders’ deficit	8,234	6,577
Total liabilities and stockholders’ equity (deficit)	68,755	69,074
American Airlines, Inc. \| Air traffic liability
Current liabilities
Air traffic/Loyalty program liabilities	6,759	6,200
American Airlines, Inc. \| Loyalty program liability
Current liabilities
Air traffic/Loyalty program liabilities	$ 3,556	$ 3,453

Earnings Per Common Share - Anti-Dilutive Securities Excluded From Calculation of Diluted EPS (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restricted stock unit awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	2,350	4,371	3,987
6.50% convertible senior notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	0	0	61,728

Employee Benefit Plans - Schedule of Amounts Recognized in Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Noncurrent liability	$ 2,128	$ 3,044
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Current liability	5	5
Noncurrent liability	1,090	1,974
Total liabilities	1,095	1,979
Retiree Medical and Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Current liability	142	122
Noncurrent liability	1,038	1,070
Total liabilities	1,180	1,192
American Airlines, Inc.
Defined Benefit Plan Disclosure [Line Items]
Noncurrent liability	2,115	3,020
American Airlines, Inc. \| Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Current liability	5	6
Noncurrent liability	1,078	1,950
Total liabilities	1,083	1,956
American Airlines, Inc. \| Retiree Medical and Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Current liability	142	122
Noncurrent liability	1,037	1,070
Total liabilities	$ 1,179	$ 1,192

Investments

12 Months Ended

Dec. 31, 2024

Schedule of Investments [Line Items]

Investments

To help expand our network and as part of our ongoing commitment to sustainability, we enter into various commercial relationships or other strategic partnerships, including equity investments, with other airlines and companies.

Our equity investments, ownership interest and carrying value were as follows:


		Ownership Interest				Carrying Value (in millions)
		December 31,				December 31,
	Accounting Treatment	2024		2023		2024		2023
Republic Holdings	Equity Method	25.0	%	25.0	%	$	253	$	240
China Southern Airlines	Fair Value	1.5	%	1.5	%	142		115
Other investments (1)	Various					120		186
Total						$	515	$	541

(1)Primarily includes our investment in JetSMART Holdings Limited, which is accounted for under the equity method, and our investments in Vertical and GOL, which are each accounted for at fair value.

American Airlines, Inc.

Schedule of Investments [Line Items]

Investments

To help expand American’s network and as part of its ongoing commitment to sustainability, American enters into various commercial relationships or other strategic partnerships, including equity investments, with other airlines and companies.

American’s equity investments, ownership interest and carrying value were as follows:


		Ownership Interest				Carrying Value (in millions)
		December 31,				December 31,
	Accounting Treatment	2024		2023		2024		2023
Republic Holdings	Equity Method	25.0	%	25.0	%	$	253	$	240
China Southern Airlines	Fair Value	1.5	%	1.5	%	142		115
Other investments (1)	Various					120		186
Total						$	515	$	541

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Employee Benefit Plans - Profit Sharing Program (Details) - Deferred Profit Sharing $ in Millions	Dec. 31, 2024 USD ($)
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Profit sharing program, amount accrued	$ 228
American Airlines, Inc.
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Profit sharing program, amount accrued	$ 228

Debt - Equipment Loans and Other Notes Payable (Details) - American Airlines, Inc. - Secured Debt - Equipment Loans and Other Notes Payable Issue in Current Year $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Debt Instrument [Line Items]
Proceeds from notes payable	$ 990
Weighted average effective interest rate on variable rate debt	6.28%
Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Weighted average effective interest rate on variable rate debt	6.28%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Operating Leases
2025	$ 1,546
2026	1,403
2027	1,243
2028	1,114
2029	1,010
2030 and thereafter	3,049
Total lease payments	9,365
Less: Imputed interest	(2,297)
Total operating lease liabilities	7,068	$ 7,761
Less: Current obligations	(1,092)	(1,309)
Long-term lease obligations	5,976	6,452
Finance Leases
2025	173
2026	150
2027	112
2028	77
2029	72
2030 and thereafter	256
Total lease payments	840
Less: Imputed interest	(177)
Total finance lease liabilities	663	506
Less: Current obligations	(132)	(131)
Long-term lease obligations	531	375
American Airlines, Inc.
Operating Leases
2025	1,532
2026	1,390
2027	1,235
2028	1,107
2029	1,004
2030 and thereafter	3,009
Total lease payments	9,277
Less: Imputed interest	(2,269)
Total operating lease liabilities	7,008	7,708
Less: Current obligations	(1,082)	(1,292)
Long-term lease obligations	5,926	6,416
Finance Leases
2025	173
2026	150
2027	112
2028	77
2029	72
2030 and thereafter	256
Total lease payments	840
Less: Imputed interest	(177)
Total finance lease liabilities	663	498
Less: Current obligations	(132)	(124)
Long-term lease obligations	$ 531	$ 374

Debt - Components of Long-Term Debt (Details) - USD ($)	Dec. 31, 2024	Dec. 18, 2024	Dec. 31, 2023	Mar. 24, 2021
Debt Instrument [Line Items]
Total long-term debt	$ 30,118,000,000		$ 32,759,000,000
Less: Total unamortized debt discount, premium and issuance costs	305,000,000		363,000,000
Less: Current maturities	5,196,000,000		3,501,000,000
Long-term debt, net of current maturities	24,617,000,000		28,895,000,000
Secured Debt
Debt Instrument [Line Items]
Total long-term debt	25,372,000,000		27,526,000,000
Secured Debt \| Credit Facility 2013
Debt Instrument [Line Items]
Total long-term debt	$ 980,000,000	$ 980,000,000	990,000,000
Variable interest rate	6.65%
Secured Debt \| Credit Facility 2014
Debt Instrument [Line Items]
Total long-term debt	$ 1,171,000,000		1,183,000,000
Variable interest rate	6.17%
Secured Debt \| Credit Facility 2023
Debt Instrument [Line Items]
Total long-term debt	$ 1,089,000,000		1,100,000,000
Variable interest rate	6.96%
Secured Debt \| Senior Secured IP Notes 10.75% Due 2026
Debt Instrument [Line Items]
Total long-term debt	$ 781,000,000		1,000,000,000
Fixed interest rate per annum	10.75%
Secured Debt \| Senior Secured LGA/DCA Notes 10.75%
Debt Instrument [Line Items]
Total long-term debt	$ 156,000,000		200,000,000
Fixed interest rate per annum	10.75%
Secured Debt \| 7.25% Senior Secured Notes
Debt Instrument [Line Items]
Total long-term debt	$ 750,000,000		750,000,000
Fixed interest rate per annum	7.25%
Secured Debt \| 8.50% Senior Secured Notes
Debt Instrument [Line Items]
Total long-term debt	$ 1,000,000,000		1,000,000,000
Fixed interest rate per annum	8.50%
Secured Debt \| 5.50% Senior Notes
Debt Instrument [Line Items]
Total long-term debt	$ 1,750,000,000		2,917,000,000
Fixed interest rate per annum	5.50%
Secured Debt \| 5.75% Senior Notes
Debt Instrument [Line Items]
Total long-term debt	$ 3,000,000,000		3,000,000,000
Fixed interest rate per annum	5.75%
Secured Debt \| AAdvantage Term Loan Facility
Debt Instrument [Line Items]
Total long-term debt	$ 2,450,000,000		3,150,000,000	$ 3,500,000,000
Variable interest rate	9.63%
Secured Debt \| Enhanced Equipment Trust Certificates (EETC)
Debt Instrument [Line Items]
Total long-term debt	$ 7,271,000,000		7,657,000,000
Average interest rate	3.84%
Secured Debt \| Enhanced Equipment Trust Certificates (EETC) \| Minimum
Debt Instrument [Line Items]
Fixed interest rate per annum	2.88%
Secured Debt \| Enhanced Equipment Trust Certificates (EETC) \| Maximum
Debt Instrument [Line Items]
Fixed interest rate per annum	7.15%
Secured Debt \| Equipment Loans and Other Notes Payable
Debt Instrument [Line Items]
Total long-term debt	$ 4,094,000,000		3,612,000,000
Average interest rate	6.17%
Secured Debt \| Equipment Loans and Other Notes Payable \| Minimum
Debt Instrument [Line Items]
Fixed interest rate per annum	2.55%
Secured Debt \| Equipment Loans and Other Notes Payable \| Maximum
Debt Instrument [Line Items]
Fixed interest rate per annum	7.25%
Secured Debt \| Special Facility Revenue Bonds
Debt Instrument [Line Items]
Total long-term debt	$ 880,000,000		967,000,000
Secured Debt \| Special Facility Revenue Bonds \| Minimum
Debt Instrument [Line Items]
Fixed interest rate per annum	2.25%
Secured Debt \| Special Facility Revenue Bonds \| Maximum
Debt Instrument [Line Items]
Fixed interest rate per annum	5.38%
Unsecured Debt
Debt Instrument [Line Items]
Total long-term debt	$ 4,746,000,000		5,233,000,000
Unsecured Debt \| PSP1 Promissory Note
Debt Instrument [Line Items]
Total long-term debt	1,757,000,000		1,757,000,000
Unsecured Debt \| PSP2 Promissory Note
Debt Instrument [Line Items]
Total long-term debt	1,030,000,000		1,030,000,000
Unsecured Debt \| PSP3 Promissory Note
Debt Instrument [Line Items]
Total long-term debt	959,000,000		959,000,000
Unsecured Debt \| Convertible Senior Notes 6.50% Due 2025
Debt Instrument [Line Items]
Total long-term debt	$ 1,000,000,000		1,000,000,000
Fixed interest rate per annum	6.50%
Unsecured Debt \| Senior Notes 3.75% Matures 2025
Debt Instrument [Line Items]
Total long-term debt	$ 0		487,000,000
Fixed interest rate per annum	3.75%
American Airlines, Inc.
Debt Instrument [Line Items]
Total long-term debt	$ 25,372,000,000
Less: Total unamortized debt discount, premium and issuance costs	300,000,000		349,000,000
Less: Current maturities	4,196,000,000		3,501,000,000
Long-term debt, net of current maturities	20,876,000,000		23,676,000,000
American Airlines, Inc. \| Secured Debt
Debt Instrument [Line Items]
Total long-term debt	25,372,000,000		27,526,000,000
American Airlines, Inc. \| Secured Debt \| Credit Facility 2013
Debt Instrument [Line Items]
Total long-term debt	$ 980,000,000	$ 980,000,000	990,000,000
Variable interest rate	6.65%
American Airlines, Inc. \| Secured Debt \| Credit Facility 2014
Debt Instrument [Line Items]
Total long-term debt	$ 1,171,000,000		1,183,000,000
Variable interest rate	6.17%
American Airlines, Inc. \| Secured Debt \| Credit Facility 2023
Debt Instrument [Line Items]
Total long-term debt	$ 1,089,000,000		1,100,000,000
Variable interest rate	6.96%
American Airlines, Inc. \| Secured Debt \| Senior Secured IP Notes 10.75% Due 2026
Debt Instrument [Line Items]
Total long-term debt	$ 781,000,000		1,000,000,000
Fixed interest rate per annum	10.75%
American Airlines, Inc. \| Secured Debt \| Senior Secured LGA/DCA Notes 10.75%
Debt Instrument [Line Items]
Total long-term debt	$ 156,000,000		200,000,000
Fixed interest rate per annum	10.75%
American Airlines, Inc. \| Secured Debt \| 7.25% Senior Secured Notes
Debt Instrument [Line Items]
Total long-term debt	$ 750,000,000		750,000,000
Fixed interest rate per annum	7.25%
American Airlines, Inc. \| Secured Debt \| 8.50% Senior Secured Notes
Debt Instrument [Line Items]
Total long-term debt	$ 1,000,000,000		1,000,000,000
Fixed interest rate per annum	8.50%
American Airlines, Inc. \| Secured Debt \| 5.50% Senior Notes
Debt Instrument [Line Items]
Total long-term debt	$ 1,750,000,000		2,917,000,000
Fixed interest rate per annum	5.50%
American Airlines, Inc. \| Secured Debt \| 5.75% Senior Notes
Debt Instrument [Line Items]
Total long-term debt	$ 3,000,000,000		3,000,000,000
Fixed interest rate per annum	5.75%
American Airlines, Inc. \| Secured Debt \| AAdvantage Term Loan Facility
Debt Instrument [Line Items]
Total long-term debt	$ 2,450,000,000		3,150,000,000
Variable interest rate	9.63%
American Airlines, Inc. \| Secured Debt \| Enhanced Equipment Trust Certificates (EETC)
Debt Instrument [Line Items]
Total long-term debt	$ 7,271,000,000		7,657,000,000
Average interest rate	3.84%
American Airlines, Inc. \| Secured Debt \| Enhanced Equipment Trust Certificates (EETC) \| Minimum
Debt Instrument [Line Items]
Fixed interest rate per annum	2.88%
American Airlines, Inc. \| Secured Debt \| Enhanced Equipment Trust Certificates (EETC) \| Maximum
Debt Instrument [Line Items]
Fixed interest rate per annum	7.15%
American Airlines, Inc. \| Secured Debt \| Equipment Loans and Other Notes Payable
Debt Instrument [Line Items]
Total long-term debt	$ 4,094,000,000		3,612,000,000
Average interest rate	6.17%
American Airlines, Inc. \| Secured Debt \| Equipment Loans and Other Notes Payable \| Minimum
Debt Instrument [Line Items]
Fixed interest rate per annum	2.55%
American Airlines, Inc. \| Secured Debt \| Equipment Loans and Other Notes Payable \| Maximum
Debt Instrument [Line Items]
Fixed interest rate per annum	7.25%
American Airlines, Inc. \| Secured Debt \| Special Facility Revenue Bonds
Debt Instrument [Line Items]
Total long-term debt	$ 880,000,000		$ 967,000,000
American Airlines, Inc. \| Secured Debt \| Special Facility Revenue Bonds \| Minimum
Debt Instrument [Line Items]
Fixed interest rate per annum	2.25%
American Airlines, Inc. \| Secured Debt \| Special Facility Revenue Bonds \| Maximum
Debt Instrument [Line Items]
Fixed interest rate per annum	5.38%
American Airlines, Inc. \| Unsecured Debt \| Convertible Senior Notes 6.50% Due 2025
Debt Instrument [Line Items]
Fixed interest rate per annum	6.50%

Employee Benefit Plans

12 Months Ended

Dec. 31, 2024

Defined Benefit Plan Disclosure [Line Items]

Employee Benefit Plans

We sponsor defined benefit and defined contribution pension plans for eligible employees. The defined benefit pension plans provide benefits for participating employees based on years of service and average compensation for a specified period of time before retirement. Effective November 1, 2012, substantially all of our defined benefit pension plans were frozen and we began providing enhanced benefits under our defined contribution pension plans for certain employee groups. We use a December 31 measurement date for all of our defined benefit pension plans. We also provide certain retiree medical and other postretirement benefits, including health care and life insurance benefits to retired employees and notional retiree health reimbursement arrangements for eligible participants.

Benefit Obligations, Fair Value of Plan Assets and Funded Status

The following tables provide a reconciliation of the changes in the pension and retiree medical and other postretirement benefits obligations, fair value of plan assets and funded status as of December 31, 2024 and 2023:


	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2024		2023		2024		2023

	(In millions)
Benefit obligation at beginning of period	$	14,410	$	14,037	$	1,325	$	906
Service cost	2		2		29		17
Interest cost	723		758		64		55
Actuarial loss (gain) (1), (2)	(741)		507		(58)		92

Plan amendments (3)	—		—		55		339
Benefit payments	(913)		(894)		(107)		(84)
Other	(132)		—		—		—
Benefit obligation at end of period	$	13,349	$	14,410	$	1,308	$	1,325






Fair value of plan assets at beginning of period	$	12,431	$	11,884	$	133	$	133
Actual return on plan assets	568		1,368		9		14
Employer contributions (4)	300		73		93		70

Benefit payments	(913)		(894)		(107)		(84)
Other	(132)		—		—		—
Fair value of plan assets at end of period	$	12,254	$	12,431	$	128	$	133
Funded status at end of period	$	(1,095)	$	(1,979)	$	(1,180)	$	(1,192)

(1)The 2024 and 2023 pension actuarial loss (gain) primarily relates to the change in our weighted average discount rate assumption.

(2)The 2024 retiree medical and other postretirement benefits actuarial gain primarily relates to changes in certain retirement and weighted average discount rate assumptions, offset by increases in health care premiums and health care cost assumptions.

The 2023 retiree medical and other postretirement benefits actuarial loss primarily relates to the change in our weighted average discount rate assumption and change in health care cost assumptions.

(3)We remeasured our retiree medical and other postretirement benefits to account for enhanced retirement benefits pursuant to the ratification of new CBAs. As a result, in 2024 and 2023, we increased our postretirement benefits obligation by $55 million and $339 million, respectively, which was included as a component of prior service cost in accumulated other comprehensive loss.

(4)In 2024, we made required contributions of $285 million and supplemental contributions of $15 million to our defined benefit pension plans, and in 2023, we made required contributions of $69 million and supplemental contributions of $4 million to our defined benefit pension plans.

Balance Sheet Position


	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2024		2023		2024		2023

	(In millions)
As of December 31:
Current liability	$	5	$	5	$	142	$	122
Noncurrent liability	1,090		1,974		1,038		1,070
Total liabilities	$	1,095	$	1,979	$	1,180	$	1,192


	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2024		2023		2024		2023

	(In millions)
As of December 31:
Net actuarial loss (gain)	$	3,128	$	3,566	$	(408)	$	(383)
Prior service cost	1		—		238		197
Total accumulated other comprehensive loss (income), pre-tax	$	3,129	$	3,566	$	(170)	$	(186)

Plans with Projected Benefit Obligations Exceeding Fair Value of Plan Assets


	Pension Benefits
	2024		2023

	(In millions)
As of December 31:
Projected benefit obligation	$	13,349	$	14,410
Fair value of plan assets	12,254		12,431

Plans with Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets


	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2024		2023		2024		2023

	(In millions)
As of December 31:
Accumulated benefit obligation	$	13,341	$	14,403	$	—	$	—
Accumulated postretirement benefit obligation	—		—		1,308		1,325
Fair value of plan assets	12,254		12,431		128		133

Net Periodic Benefit Cost (Income)


	Pension Benefits						Retiree Medical and Other Postretirement Benefits
	2024		2023		2022		2024		2023		2022

	(In millions)
For the years ended December 31:
Defined benefit plans:
Service cost	$	2	$	2	$	3	$	29	$	17	$	16
Interest cost	723		758		556		64		55		30
Expected return on assets	(978)		(918)		(1,138)		(10)		(11)		(12)


Amortization of:
Prior service cost (benefit)	—		18		28		14		(6)		(14)
Unrecognized net loss (gain)	105		106		156		(31)		(34)		(30)
Net periodic benefit cost (income)	$	(148)	$	(34)	$	(395)	$	66	$	21	$	(10)

The service cost component of net periodic benefit cost (income) is included in operating expenses and the other components of net periodic benefit cost (income) are included in nonoperating other income (expense), net on our consolidated statements of operations.

Assumptions

The following actuarial assumptions were used to determine our benefit obligations and net periodic benefit cost (income) for the periods presented:


	Pension Benefits		Retiree Medical and Other Postretirement Benefits
	2024	2023	2024	2023
Benefit obligations as of December 31:
Weighted average discount rate	5.7%	5.2%	5.6%	5.3%


	Pension Benefits			Retiree Medical and Other Postretirement Benefits
	2024	2023	2022	2024	2023	2022
Net periodic benefit cost (income) for the years ended December 31:
Weighted average discount rate	5.2%	5.6%	3.0%	5.3%	5.7%	2.8%
Weighted average expected rate of return on plan assets	8.0%	8.0%	8.0%	8.0%	8.0%	8.0%
Weighted average health care cost trend rate assumed for next year (1)	N/A	N/A	N/A	6.5%	6.5%	5.8%

(1)The weighted average health care cost trend rate at December 31, 2024 is assumed to decline gradually to 4.5% by 2033 and remain level thereafter.

As of January 1, 2025, our estimate of the long-term rate of return on plan assets is 7.75% based on the target asset allocation. Expected returns on long duration bonds are based on yields to maturity of the bonds held at year-end. Expected returns on other assets are based on a combination of long-term historical returns, actual returns on plan assets achieved over the last 10 years, current and expected market conditions, and expected value to be generated through active management and securities lending programs.

Minimum Contributions

We are required to make minimum contributions to our defined benefit pension plans under the minimum funding requirements of the Employee Retirement Income Security Act of 1974 (ERISA) and various other laws for U.S. based plans as well as underfunding rules specific to countries where we maintain defined benefit pension plans. Based on current funding assumptions, we have minimum required contributions of $224 million for 2025 including contributions to defined benefit pension plans for our wholly-owned subsidiaries. Our future funding obligations will depend on the performance of our investments held in a trust by the pension plans, interest rates for determining funding targets, the amount of and timing of any supplemental contributions and our actuarial experience.

Benefit Payments

The following benefit payments, which reflect expected future service as appropriate, are expected to be paid (approximately, in millions):


	2025		2026		2027		2028		2029		2030-2034
Pension benefits	$	962	$	982	$	1,001	$	1,015	$	1,025	$	5,149
Retiree medical and other postretirement benefits	159		163		160		157		153		651

Plan Assets

The objectives of our investment policies are to: maintain sufficient income and liquidity to pay retirement benefits; produce a long-term rate of return that meets or exceeds the assumed rate of return for plan assets; limit the volatility of asset performance and funded status; and diversify assets among asset classes and investment managers.

Based on these investment objectives, a long-term strategic asset allocation has been established. This strategic allocation seeks to balance the potential benefit of improving the funded position with the potential risk that the funded position would decline. The current strategic target asset allocation with the corresponding allowed range is as follows:


Asset Class/Sub-Class	Target Allocation		Allowed Range
Equity	56	%	30% - 85%
Public:
U.S. Large	18	%	10% - 40%
U.S. Small/Mid	4	%	0% - 10%
International Large	11.5	%	5% - 25%
International Small/Mid	2.5	%	0% - 10%
Emerging Markets	5	%	0% - 15%
Private Equity	15	%	5% - 30%

Fixed Income	44	%	15% - 70%
Public U.S. Fixed Income	35	%	15% - 60%
Private Income	9	%	0% - 20%

Other	0	%	0% - 5%
Cash Equivalents	0	%	0% - 20%

Public equity investments are intended to provide a real return over a full market cycle and, therefore, to contribute to the pension plan’s long-term objective. Public fixed income investments are intended to provide income to the plan and offer the potential for long term capital appreciation. Private investments, such as private equity and private income, are used to provide higher expected returns than public markets over the long-term by assuming reduced levels of liquidity and higher levels of risk. The pension plan’s master trust participates in securities lending programs to generate additional income by loaning plan assets to borrowers on a fully collateralized basis. The pension plan’s master trust will also engage in derivative instruments to equitize residual levels of cash as well as hedge the pension plan’s exposure to interest rates. Such programs are subject to market risk and counterparty risk.

Investments in securities traded on recognized securities exchanges are valued at the last reported sales price on the last business day of the year. Securities traded in the over-the-counter market are valued at the last bid price. Investments in limited partnerships are carried at estimated net asset value (NAV) as determined by and reported by the general partners of the partnerships and represent the proportionate share of the estimated fair value of the underlying assets of the limited partnerships. Mutual funds are valued once daily through a NAV calculation provided at the end of each trade day. Common/collective trusts are valued at NAV based on the fair values of the underlying investments of the trusts as determined by the sponsor of the trusts. No changes in valuation techniques or inputs occurred during the year.

Benefit Plan Assets Measured at Fair Value on a Recurring Basis

The fair value of our pension plan assets at December 31, 2024 and 2023, by asset category, were as follows (in millions) (1):


	December 31, 2024								December 31, 2023
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Equity (2)	$	2,498	$	—	$	—	$	2,498	$	3,182	$	—	$	—	$	3,182
Fixed income (3)	439		3,723		—		4,162		260		3,238		—		3,498
Other, net (4)	91		144		68		303		(6)		348		84		426
Measured at NAV (5):
Common collective trusts (6)	—		—		—		1,153		—		—		—		1,244
Private investments (7)	—		—		—		4,138		—		—		—		4,081
Total plan assets	$	3,028	$	3,867	$	68	$	12,254	$	3,436	$	3,586	$	84	$	12,431

(1)See Note 7 for a description of the levels within the fair value hierarchy.

(2)Equity investments include domestic and international common stock and preferred stock.

(3)Fixed income investments include corporate, government and U.S. municipal bonds, as well as mutual funds invested in fixed income securities.

(4)Other primarily includes a short-term investment fund, net receivables and payables of the master trust for dividends, interest and amounts due to or from the sale and purchase of securities and cash and cash equivalents.

(5)Includes investments that were measured at NAV per share (or its equivalent) as a practical expedient that have not been classified in the fair value hierarchy.

(6)Common collective trusts include commingled funds primarily invested in equity securities. For some trusts, requests for withdrawals must meet specific requirements with advance notice of redemption preferred.

(7)Private investments include limited partnerships that invest primarily in domestic private equity and private income opportunities. The pension plan’s master trust does not have the right to redeem its limited partnership investment at its NAV, but rather receives distributions as the underlying assets are liquidated. It is estimated that the underlying assets of these funds will be gradually liquidated over the next 10 years. As of December 31, 2024, the pension plan’s master trust has future funding commitments to these limited partnerships of approximately $1.1 billion, most of which are expected to be called over the next five years.

Changes in fair value measurements of Level 3 investments during the years ended December 31, 2024 and 2023, were as follows (in millions):


	2024		2023
Balance at beginning of year	$	84	$	75
Actual gain (loss) on plan assets:
Relating to assets still held at the reporting date	(25)		(9)
Purchases	9		20
Sales	—		(2)

Balance at end of year	$	68	$	84

Plan assets in the retiree medical and other postretirement benefits plans are primarily Level 2 mutual funds valued by quoted prices on the active market, which is fair value, and represents the NAV of the shares of such funds as of the close of business at the end of the period. NAV is based on the fair market value of the funds’ underlying assets and liabilities at the date of determination.

Defined Contribution and Multiemployer Plans

The costs associated with our defined contribution plans were $1.4 billion, $1.1 billion and $949 million for the years ended December 31, 2024, 2023 and 2022, respectively.

We participate in the International Association of Machinists & Aerospace Workers (IAM) National Pension Fund, Employer Identification No. 51-6031295 and Plan No. 002 (the IAM Pension Fund). Our contributions to the IAM Pension Fund were $57 million, $52 million and $46 million for the years ended December 31, 2024, 2023 and 2022, respectively. The IAM Pension Fund reported $570 million in employers’ contributions for the year ended December 31, 2023, which is the most recent year for which such information is available. For 2023, our contributions represented more than 5% of total contributions to the IAM Pension Fund.

On March 29, 2019, the actuary for the IAM Pension Fund certified that the fund was in “endangered” status despite reporting a funded status of over 80%. Additionally, the IAM Pension Fund’s Board voluntarily elected to enter into “critical” status on April 17, 2019. Upon entry into critical status, the IAM Pension Fund was required by law to adopt a rehabilitation plan aimed at restoring the financial health of the pension plan and did so on April 17, 2019 (the Rehabilitation Plan). Under the Rehabilitation Plan, we were subject to an immaterial contribution surcharge, which ceased to apply June 14, 2019 upon our mandatory adoption of a contribution schedule under the Rehabilitation Plan. The contribution schedule requires 2.5% annual increases to our contribution rate. This contribution schedule will remain in effect through the earlier of December 31, 2031 or the date the IAM Pension Fund emerges from critical status. As of the most recent data available, the IAM Pension Fund remains in critical status.

Profit Sharing Program

We accrue a percentage of our pre-tax income excluding net special items for our profit sharing program. For the year ended December 31, 2024, we accrued $228 million for this program, which will be distributed to employees in the first quarter of 2025.

American Airlines, Inc.

Defined Benefit Plan Disclosure [Line Items]

Employee Benefit Plans

American sponsors defined benefit and defined contribution pension plans for eligible employees. The defined benefit pension plans provide benefits for participating employees based on years of service and average compensation for a specified period of time before retirement. Effective November 1, 2012, substantially all of American’s defined benefit pension plans were frozen and American began providing enhanced benefits under its defined contribution pension plans for certain employee groups. American uses a December 31 measurement date for all of its defined benefit pension plans. American also provides certain retiree medical and other postretirement benefits, including health care and life insurance benefits to retired employees and notional retiree health reimbursement arrangements for eligible participants.

Benefit Obligations, Fair Value of Plan Assets and Funded Status


	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2024		2023		2024		2023

	(In millions)
Benefit obligation at beginning of period	$	14,314	$	13,948	$	1,325	$	906
Service cost	2		2		29		17
Interest cost	718		753		64		55
Actuarial loss (gain) (1), (2)	(737)		501		(58)		92

Plan amendments (3)	—		—		54		339
Benefit payments	(907)		(890)		(107)		(84)
Other	(132)		—		—		—
Benefit obligation at end of period	$	13,258	$	14,314	$	1,307	$	1,325






Fair value of plan assets at beginning of period	$	12,358	$	11,821	$	133	$	133
Actual return on plan assets	561		1,356		9		14
Employer contributions (4)	295		71		93		70

Benefit payments	(907)		(890)		(107)		(84)
Other	(132)		—		—		—
Fair value of plan assets at end of period	$	12,175	$	12,358	$	128	$	133
Funded status at end of period	$	(1,083)	$	(1,956)	$	(1,179)	$	(1,192)

(1)The 2024 and 2023 pension actuarial loss (gain) primarily relates to the change in American’s weighted average discount rate assumption.

The 2023 retiree medical and other postretirement benefits actuarial loss primarily relates to the change in American’s weighted average discount rate assumption and change in health care cost assumptions.

(3)American remeasured its retiree medical and other postretirement benefits to account for enhanced retirement benefits pursuant to the ratification of new CBAs. As a result, in 2024 and 2023, American increased its postretirement benefits obligation by $54 million and $339 million, respectively, which was included as a component of prior service cost in accumulated other comprehensive loss.

(4)In 2024, American made required contributions of $280 million and supplemental contributions of $15 million to its defined benefit pension plans, and in 2023, American made required contributions of $67 million and supplemental contributions of $4 million to its defined benefit pension plans.

Balance Sheet Position


	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2024		2023		2024		2023

	(In millions)
As of December 31:
Current liability	$	5	$	6	$	142	$	122
Noncurrent liability	1,078		1,950		1,037		1,070
Total liabilities	$	1,083	$	1,956	$	1,179	$	1,192


	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2024		2023		2024		2023

	(In millions)
As of December 31:
Net actuarial loss (gain)	$	3,130	$	3,561	$	(407)	$	(382)
Prior service cost	1		—		238		197
Total accumulated other comprehensive loss (income), pre-tax	$	3,131	$	3,561	$	(169)	$	(185)

Plans with Projected Benefit Obligations Exceeding Fair Value of Plan Assets


	Pension Benefits
	2024		2023

	(In millions)
As of December 31:
Projected benefit obligation	$	13,258	$	14,314
Fair value of plan assets	12,175		12,358

Plans with Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets


	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2024		2023		2024		2023

	(In millions)
As of December 31:
Accumulated benefit obligation	$	13,251	$	14,307	$	—	$	—
Accumulated postretirement benefit obligation	—		—		1,307		1,325
Fair value of plan assets	12,175		12,358		128		133

Net Periodic Benefit Cost (Income)


	Pension Benefits						Retiree Medical and Other Postretirement Benefits
	2024		2023		2022		2024		2023		2022

	(In millions)
For the years ended December 31:
Defined benefit plans:
Service cost	$	2	$	2	$	3	$	29	$	17	$	16
Interest cost	718		753		552		64		55		30
Expected return on assets	(973)		(914)		(1,133)		(10)		(11)		(12)


Amortization of:
Prior service cost (benefit)	—		18		28		14		(6)		(14)
Unrecognized net loss (gain)	105		106		156		(31)		(34)		(30)
Net periodic benefit cost (income)	$	(148)	$	(35)	$	(394)	$	66	$	21	$	(10)

Assumptions

The following actuarial assumptions were used to determine American’s benefit obligations and net periodic benefit cost (income) for the periods presented:


	Pension Benefits		Retiree Medical and Other Postretirement Benefits
	2024	2023	2024	2023
Benefit obligations as of December 31:
Weighted average discount rate	5.7%	5.2%	5.6%	5.3%


	Pension Benefits			Retiree Medical and Other Postretirement Benefits
	2024	2023	2022	2024	2023	2022
Net periodic benefit cost (income) for the years ended December 31:
Weighted average discount rate	5.2%	5.6%	3.0%	5.3%	5.7%	2.8%
Weighted average expected rate of return on plan assets	8.0%	8.0%	8.0%	8.0%	8.0%	8.0%
Weighted average health care cost trend rate assumed for next year (1)	N/A	N/A	N/A	6.5%	6.5%	5.8%

(1)The weighted average health care cost trend rate at December 31, 2024 is assumed to decline gradually to 4.5% by 2033 and remain level thereafter.

As of January 1, 2025, American’s estimate of the long-term rate of return on plan assets is 7.75% based on the target asset allocation. Expected returns on long duration bonds are based on yields to maturity of the bonds held at year-end. Expected returns on other assets are based on a combination of long-term historical returns, actual returns on plan assets achieved over the last 10 years, current and expected market conditions, and expected value to be generated through active management and securities lending programs.

Minimum Contributions

American is required to make minimum contributions to its defined benefit pension plans under the minimum funding requirements of the Employee Retirement Income Security Act of 1974 (ERISA) and various other laws for U.S. based plans as well as underfunding rules specific to countries where American maintains defined benefit pension plans. Based on current funding assumptions, American has minimum required contributions of $221 million for 2025. American’s future funding obligations will depend on the performance of American’s investments held in a trust by the pension plans, interest rates for determining funding targets, the amount of and timing of any supplemental contributions and American’s actuarial experience.

Benefit Payments

The following benefit payments, which reflect expected future service as appropriate, are expected to be paid (approximately, in millions):


	2025		2026		2027		2028		2029		2030-2034
Pension benefits	$	957	$	977	$	995	$	1,009	$	1,019	$	5,115
Retiree medical and other postretirement benefits	158		163		160		156		153		650

Plan Assets

The objectives of American’s investment policies are to: maintain sufficient income and liquidity to pay retirement benefits; produce a long-term rate of return that meets or exceeds the assumed rate of return for plan assets; limit the volatility of asset performance and funded status; and diversify assets among asset classes and investment managers.


Asset Class/Sub-Class	Target Allocation		Allowed Range
Equity	56	%	30% - 85%
Public:
U.S. Large	18	%	10% - 40%
U.S. Small/Mid	4	%	0% - 10%
International Large	11.5	%	5% - 25%
International Small/Mid	2.5	%	0% - 10%
Emerging Markets	5	%	0% - 15%
Private Equity	15	%	5% - 30%

Fixed Income	44	%	15% - 70%
Public U.S. Fixed Income	35	%	15% - 60%
Private Income	9	%	0% - 20%

Other	0	%	0% - 5%
Cash Equivalents	0	%	0% - 20%

Benefit Plan Assets Measured at Fair Value on a Recurring Basis

The fair value of American’s pension plan assets at December 31, 2024 and 2023, by asset category, were as follows (in millions) (1):


	December 31, 2024								December 31, 2023
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Equity (2)	$	2,498	$	—	$	—	$	2,498	$	3,134	$	—	$	—	$	3,134
Fixed income (3)	427		3,723		—		4,150		235		3,238		—		3,473
Other, net (4)	91		144		68		303		(6)		348		84		426
Measured at NAV (5):
Common collective trusts (6)	—		—		—		1,086		—		—		—		1,244
Private investments (7)	—		—		—		4,138		—		—		—		4,081
Total plan assets	$	3,016	$	3,867	$	68	$	12,175	$	3,363	$	3,586	$	84	$	12,358

(1)See Note 6 for a description of the levels within the fair value hierarchy.

(2)Equity investments include domestic and international common stock and preferred stock.

(3)Fixed income investments include corporate, government and U.S. municipal bonds, as well as mutual funds invested in fixed income securities.

(5)Includes investments that were measured at NAV per share (or its equivalent) as a practical expedient that have not been classified in the fair value hierarchy.

Changes in fair value measurements of Level 3 investments during the years ended December 31, 2024 and 2023, were as follows (in millions):


	2024		2023
Balance at beginning of year	$	84	$	75
Actual gain (loss) on plan assets:
Relating to assets still held at the reporting date	(25)		(9)
Purchases	9		20
Sales	—		(2)

Balance at end of year	$	68	$	84

Defined Contribution and Multiemployer Plans

The costs associated with American’s defined contribution plans were $1.4 billion, $1.1 billion and $916 million for the years ended December 31, 2024, 2023 and 2022, respectively.

American participates in the International Association of Machinists & Aerospace Workers (IAM) National Pension Fund, Employer Identification No. 51-6031295 and Plan No. 002 (the IAM Pension Fund). American’s contributions to the IAM Pension Fund were $57 million, $52 million and $46 million for the years ended December 31, 2024, 2023 and 2022, respectively. The IAM Pension Fund reported $570 million in employers’ contributions for the year ended December 31, 2023, which is the most recent year for which such information is available. For 2023, American’s contributions represented more than 5% of total contributions to the IAM Pension Fund.

On March 29, 2019, the actuary for the IAM Pension Fund certified that the fund was in “endangered” status despite reporting a funded status of over 80%. Additionally, the IAM Pension Fund’s Board voluntarily elected to enter into “critical” status on April 17, 2019. Upon entry into critical status, the IAM Pension Fund was required by law to adopt a rehabilitation plan aimed at restoring the financial health of the pension plan and did so on April 17, 2019 (the Rehabilitation Plan). Under the Rehabilitation Plan, American was subject to an immaterial contribution surcharge, which ceased to apply June 14, 2019 upon American’s mandatory adoption of a contribution schedule under the Rehabilitation Plan. The contribution schedule requires 2.5% annual increases to its contribution rate. This contribution schedule will remain in effect through the earlier of December 31, 2031 or the date the IAM Pension Fund emerges from critical status. As of the most recent data available, the IAM Pension Fund remains in critical status.

Profit Sharing Program

American accrues a percentage of its pre-tax income excluding net special items for its profit sharing program. For the year ended December 31, 2024, American accrued $228 million for this program, which will be distributed to employees in the first quarter of 2025.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480266/715-60-50-3

+ Details

Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings per Common Share

The following table provides the computation of basic and diluted earnings per common share (EPS) (in millions, except share and per share amounts):


	Year Ended December 31,
	2024		2023		2022
Basic EPS:
Net income	$	846	$	822	$	127
Weighted average common shares outstanding (in thousands)	656,996		653,612		650,345
Basic EPS	$	1.29	$	1.26	$	0.20

Diluted EPS:
Net income	$	846	$	822	$	127
Interest expense on 6.50% convertible senior notes	51		46		—
Net income for purposes of computing diluted EPS	$	897	$	868	$	127
Share computation for diluted EPS (in thousands):
Basic weighted average common shares outstanding	656,996		653,612		650,345
Dilutive effect of restricted stock unit awards	1,121		1,830		1,579
Dilutive effect of certain PSP Warrants and Treasury Loan Warrants	1,455		2,499		3,198
Assumed conversion of 6.50% convertible senior notes	61,728		61,728		—
Diluted weighted average common shares outstanding	721,300		719,669		655,122
Diluted EPS	$	1.24	$	1.21	$	0.19

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following were excluded from the calculation of diluted EPS because inclusion of such shares would be antidilutive (in thousands):


	Year Ended December 31,
	2024	2023	2022
Restricted stock unit awards	2,350	4,371	3,987
6.50% convertible senior notes	—	—	61,728

Schedule of PSP Warrants and Treasury Loan Warrants

The table below provides a summary of the PSP Warrants and the Treasury Loan Warrants:


Warrants	Warrants Issued (shares, in thousands) (1)	Exercise Price ($)	Expiration
PSP1 Warrants	14,048	12.51	April 2025 to September 2025
PSP2 Warrants	6,576	15.66	January 2026 to April 2026
PSP3 Warrants	4,407	21.75	April 2026 to June 2026
Treasury Loan Warrants	4,396	12.51	September 2025

Special Items, Net (Tables)

12 Months Ended

Dec. 31, 2024

Restructuring Cost and Reserve [Line Items]

Components of Special Items, Net Included in Consolidated Statements of Operations

Special items, net on our consolidated statements of operations consisted of the following (in millions):


	Year Ended December 31,
	2024		2023		2022
Labor contract expenses (1)	$	605	$	989	$	—
A330 fleet-related adjustments (2)	(42)		—		149
Severance expenses	13		23		—
Litigation reserve adjustments	—		—		37


Other operating special items, net	34		(41)		7
Mainline operating special items, net	610		971		193






Regional operating special items, net (3)	33		8		5
Operating special items, net	643		979		198

Debt refinancing and extinguishment (4)	16		280		3
Mark-to-market adjustments on equity investments, net (5)	8		82		71
Nonoperating special items, net	24		362		74

Income tax special items, net	—		—		(9)

(3)Regional operating special items, net for 2024 included a $33 million non-cash write down of regional aircraft resulting from the decision to permanently park 43 Embraer 145 aircraft.

(4)Debt refinancing and extinguishment costs in 2023 primarily included cash charges for premiums paid in connection with the early repayment of debt.

American Airlines, Inc.

Restructuring Cost and Reserve [Line Items]

Components of Special Items, Net Included in Consolidated Statements of Operations

Special items, net on American’s consolidated statements of operations consisted of the following (in millions):


	Year Ended December 31,
	2024		2023		2022
Labor contract expenses (1)	$	605	$	989	$	—
A330 fleet-related adjustments (2)	(42)		—		149
Severance expenses	13		23		—
Litigation reserve adjustments	—		—		37


Other operating special items, net	34		(41)		7
Mainline operating special items, net	610		971		193



Regional operating special items, net (3)	33		—		—
Operating special items, net	643		971		193

Debt refinancing and extinguishment (4)	16		280		1
Mark-to-market adjustments on equity investments, net (5)	8		82		71
Nonoperating special items, net	24		362		72

Income tax special items, net	—		—		(9)

(3)Regional operating special items, net for 2024 included a $33 million non-cash write down of regional aircraft resulting from the decision to permanently park 43 Embraer 145 aircraft.

(4)Debt refinancing and extinguishment costs in 2023 primarily included cash charges for premiums paid in connection with the early repayment of debt.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2024
Auditor [Line Items]
Auditor Name	KPMG LLP
Auditor Location	Dallas, TX
Auditor Firm ID	185
American Airlines, Inc.
Auditor [Line Items]
Auditor Name	KPMG LLP
Auditor Location	Dallas, TX
Auditor Firm ID	185

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details) $ / shares in Units, $ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2024 USD ($) $ / shares	Dec. 31, 2024 USD ($) reporting_unit component $ / shares	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($)
Unusual or Infrequent Item, or Both [Line Items]
Common stock, par value (in dollars per share) \| $ / shares	$ 0.01	$ 0.01	$ 0.01
Consolidated reporting unit \| reporting_unit		1
Goodwill impairment		$ 0
Goodwill	$ 4,091	4,091	$ 4,091
Definite-lived intangible assets, net	101	101	108
Expected amortization expense in 2025	6	6
Expected amortization expense in 2026	6	6
Expected amortization expense in 2027	6	6
Expected amortization expense in 2028	6	6
Expected amortization expense in 2029	6	6
Expected amortization expense in 2030 and thereafter	70	70
Impairment of intangible assets, indefinite-lived (excluding goodwill)		0
Indefinite lived intangible assets	1,900	1,900	1,900
Interest expense		1,934	2,145	$ 1,962
Advertising expense		143	114	105
Foreign currency losses		48	$ 30	38
Fuel Financing Arrangement
Unusual or Infrequent Item, or Both [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,000	1,000
Basis spread on variable rate	3.75%
Fuel financing payable	$ 74	$ 74
Marketing Agreements
Unusual or Infrequent Item, or Both [Line Items]
Useful life of intangible assets	30 years	30 years
Domestic airport slots and airport gate leasehold rights
Unusual or Infrequent Item, or Both [Line Items]
Useful life of intangible assets	25 years	25 years
Account Receivable from Business Partners
Unusual or Infrequent Item, or Both [Line Items]
Contract receivables settlement duration		30 days
Account Receivable from Ticket Sales
Unusual or Infrequent Item, or Both [Line Items]
Contract receivables settlement duration		7 days
American Airlines, Inc.
Unusual or Infrequent Item, or Both [Line Items]
Common stock, par value (in dollars per share) \| $ / shares	$ 1.00	$ 1.00	$ 1.00
Consolidated reporting unit \| reporting_unit		1
Goodwill impairment		$ 0
Goodwill	$ 4,091	4,091	$ 4,091
Definite-lived intangible assets, net	101	101	108
Expected amortization expense in 2025	6	6
Expected amortization expense in 2026	6	6
Expected amortization expense in 2027	6	6
Expected amortization expense in 2028	6	6
Expected amortization expense in 2029	6	6
Expected amortization expense in 2030 and thereafter	70	70
Impairment of intangible assets, indefinite-lived (excluding goodwill)		0
Indefinite lived intangible assets	1,900	1,900	1,900
Interest expense		2,029	2,206	1,872
Advertising expense		143	114	105
Foreign currency losses		47	$ 30	$ 38
American Airlines, Inc. \| Fuel Financing Arrangement
Unusual or Infrequent Item, or Both [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,000	1,000
Basis spread on variable rate	3.75%
Fuel financing payable	$ 74	$ 74
American Airlines, Inc. \| Marketing Agreements
Unusual or Infrequent Item, or Both [Line Items]
Useful life of intangible assets	30 years	30 years
American Airlines, Inc. \| Domestic airport slots and airport gate leasehold rights
Unusual or Infrequent Item, or Both [Line Items]
Useful life of intangible assets	25 years	25 years
Air traffic liability
Unusual or Infrequent Item, or Both [Line Items]
Performance obligation term		1 year
Contract term		12
Recognition of revenue		$ 4,900
Air traffic liability \| American Airlines, Inc.
Unusual or Infrequent Item, or Both [Line Items]
Performance obligation term		1 year
Recognition of revenue		$ 4,900
Loyalty program liability
Unusual or Infrequent Item, or Both [Line Items]
Payment term		30 days
Number of revenue components \| component		2
Recognition of revenue		$ 3,755
Loyalty program liability \| Citi
Unusual or Infrequent Item, or Both [Line Items]
Term of agreement	10 years	10 years
Loyalty program liability \| American Airlines, Inc.
Unusual or Infrequent Item, or Both [Line Items]
Payment term		30 days
Number of revenue components \| component		2
Recognition of revenue		$ 3,755
Loyalty program liability \| American Airlines, Inc. \| Citi
Unusual or Infrequent Item, or Both [Line Items]
Term of agreement	10 years	10 years
Loyalty program liability \| Minimum
Unusual or Infrequent Item, or Both [Line Items]
Performance obligation term		1 year
Loyalty program liability \| Minimum \| American Airlines, Inc.
Unusual or Infrequent Item, or Both [Line Items]
Performance obligation term		1 year
Loyalty program liability \| Maximum
Unusual or Infrequent Item, or Both [Line Items]
Performance obligation term		10 years
Loyalty program liability \| Maximum \| American Airlines, Inc.
Unusual or Infrequent Item, or Both [Line Items]
Performance obligation term		10 years

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Operating leases:
Operating lease ROU assets	$ 7,333	$ 7,939
Current operating lease liabilities	1,092	1,309
Noncurrent operating lease liabilities	5,976	6,452
Total operating lease liabilities	7,068	7,761
Finance leases:
Property and equipment, at cost	1,632	1,380
Accumulated amortization	(952)	(891)
Property and equipment, net	680	489
Current finance lease liabilities	132	131
Noncurrent finance lease liabilities	531	375
Total finance lease liabilities	$ 663	$ 506
Weighted average remaining lease term:
Operating leases	8 years 2 months 12 days	8 years 4 months 24 days
Finance leases	7 years 4 months 24 days	5 years 9 months 18 days
Weighted average discount rate:
Operating leases	7.50%	7.60%
Finance leases	7.00%	7.20%
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current maturities of long-term debt and finance leases	Current maturities of long-term debt and finance leases
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-Term Debt and Lease Obligation	Long-Term Debt and Lease Obligation
American Airlines, Inc.
Operating leases:
Operating lease ROU assets	$ 7,274	$ 7,886
Current operating lease liabilities	1,082	1,292
Noncurrent operating lease liabilities	5,926	6,416
Total operating lease liabilities	7,008	7,708
Finance leases:
Property and equipment, at cost	1,604	1,352
Accumulated amortization	(924)	(870)
Property and equipment, net	680	482
Current finance lease liabilities	132	124
Noncurrent finance lease liabilities	531	374
Total finance lease liabilities	$ 663	$ 498
Weighted average remaining lease term:
Operating leases	8 years 2 months 12 days	8 years 4 months 24 days
Finance leases	7 years 4 months 24 days	5 years 9 months 18 days
Weighted average discount rate:
Operating leases	7.50%	7.60%
Finance leases	7.00%	7.10%
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current maturities of long-term debt and finance leases	Current maturities of long-term debt and finance leases
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-Term Debt and Lease Obligation	Long-Term Debt and Lease Obligation

Employee Benefit Plans - Schedule of Changes in Fair Value of Plan Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Pension Benefits
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of period	$ 12,431	$ 11,884
Actual return on plan assets	568	1,368
Employer contributions	300	73
Benefit payments	(913)	(894)
Other	(132)	0
Fair value of plan assets at end of period	12,254	12,431
Funded status at end of period	(1,095)	(1,979)
Payments of required contributions	285	69
Supplemental contributions by employer	15	4
Retiree Medical and Other Postretirement Benefits
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of period	133	133
Actual return on plan assets	9	14
Employer contributions	93	70
Benefit payments	(107)	(84)
Other	0	0
Fair value of plan assets at end of period	128	133
Funded status at end of period	(1,180)	(1,192)
American Airlines, Inc. \| Pension Benefits
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of period	12,358	11,821
Actual return on plan assets	561	1,356
Employer contributions	295	71
Benefit payments	(907)	(890)
Other	(132)	0
Fair value of plan assets at end of period	12,175	12,358
Funded status at end of period	(1,083)	(1,956)
Payments of required contributions	280	67
Supplemental contributions by employer	15	4
American Airlines, Inc. \| Retiree Medical and Other Postretirement Benefits
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of period	133	133
Actual return on plan assets	9	14
Employer contributions	93	70
Benefit payments	(107)	(84)
Other	0	0
Fair value of plan assets at end of period	128	133
Funded status at end of period	$ (1,179)	$ (1,192)

Employee Benefit Plans - Schedule of Assumption Used to Determine Benefit Obligations (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension Benefits
Benefit obligations as of December 31:
Weighted average discount rate	5.70%	5.20%
Net periodic benefit cost (income) for the years ended December 31:
Weighted average discount rate	5.20%	5.60%	3.00%
Weighted average expected rate of return on plan assets	8.00%	8.00%	8.00%
Retiree Medical and Other Postretirement Benefits
Benefit obligations as of December 31:
Weighted average discount rate	5.60%	5.30%
Net periodic benefit cost (income) for the years ended December 31:
Weighted average discount rate	5.30%	5.70%	2.80%
Weighted average expected rate of return on plan assets	8.00%	8.00%	8.00%
Weighted average health care cost trend rate assumed for next year	6.50%	6.50%	5.80%
Weighted average health care cost trend rate assumed thereafter	4.50%
American Airlines, Inc. \| Pension Benefits
Benefit obligations as of December 31:
Weighted average discount rate	5.70%	5.20%
Net periodic benefit cost (income) for the years ended December 31:
Weighted average discount rate	5.20%	5.60%	3.00%
Weighted average expected rate of return on plan assets	8.00%	8.00%	8.00%
American Airlines, Inc. \| Retiree Medical and Other Postretirement Benefits
Benefit obligations as of December 31:
Weighted average discount rate	5.60%	5.30%
Net periodic benefit cost (income) for the years ended December 31:
Weighted average discount rate	5.30%	5.70%	2.80%
Weighted average expected rate of return on plan assets	8.00%	8.00%	8.00%
Weighted average health care cost trend rate assumed for next year	6.50%	6.50%	5.80%
Weighted average health care cost trend rate assumed thereafter	4.50%

Debt - Other Terms of the 2013, 2014 and 2023 Credit Facilities (Details) - Secured Debt	12 Months Ended
	Dec. 31, 2024
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility undrawn fee percentage	0.75%
American Airlines, Inc. \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility undrawn fee percentage	0.75%
Credit Facilities
Line of Credit Facility [Line Items]
Annual installment repayment, percent or original principal balance	1.00%
Credit Facilities \| American Airlines, Inc.
Line of Credit Facility [Line Items]
Annual installment repayment, percent or original principal balance	1.00%

Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2024

Accumulated Other Comprehensive Income (Loss) [Line Items]

Accumulated Other Comprehensive Loss

The components of AOCI are as follows (in millions):


	Pension, Retiree Medical and Other Postretirement Benefits		Unrealized Gain (Loss) on Investments		Income Tax Benefit (Provision) (1)			Total
Balance at December 31, 2022	$	(2,978)	$	(6)	$	(1,601)		$	(4,585)
Other comprehensive income (loss) before reclassifications	(486)		4		108			(374)
Amounts reclassified from AOCI	84		—		(19)		(2)	65
Net current-period other comprehensive income (loss)	(402)		4		89			(309)
Balance at December 31, 2023	(3,380)		(2)		(1,512)			(4,894)
Other comprehensive income (loss) before reclassifications	333		2		(74)			261
Amounts reclassified from AOCI	88		—		(20)		(2)	68
Net current-period other comprehensive income (loss)	421		2		(94)			329
Balance at December 31, 2024	$	(2,959)	$	—	$	(1,606)		$	(4,565)

(1)Relates principally to pension, retiree medical and other postretirement benefits obligations that will not be recognized in net income until the obligations are fully extinguished.

(2)Relates to pension, retiree medical and other postretirement benefits obligations and is recognized within the income tax provision on our consolidated statements of operations.

Reclassifications out of AOCI for the years ended December 31, 2024 and 2023 are as follows (in millions):


	Amounts reclassified from AOCI				Affected line items on the consolidated statements of operations
	Year Ended December 31,
AOCI Components	2024		2023
Amortization of pension, retiree medical and other postretirement benefits:
Prior service cost	$	11	$	9	Nonoperating other income (expense), net
Actuarial loss	57		56		Nonoperating other income (expense), net
Total reclassifications for the period, net of tax	$	68	$	65

American Airlines, Inc.

Accumulated Other Comprehensive Income (Loss) [Line Items]

Accumulated Other Comprehensive Loss

The components of AOCI are as follows (in millions):


	Pension, Retiree Medical and Other Postretirement Benefits		Unrealized Gain (Loss) on Investments		Income Tax Benefit (Provision) (1)			Total
Balance at December 31, 2022	$	(2,974)	$	(6)	$	(1,710)		$	(4,690)
Other comprehensive income (loss) before reclassifications	(486)		4		108			(374)
Amounts reclassified from AOCI	84		—		(19)		(2)	65
Net current-period other comprehensive income (loss)	(402)		4		89			(309)
Balance at December 31, 2023	(3,376)		(2)		(1,621)			(4,999)
Other comprehensive income (loss) before reclassifications	326		2		(74)			254
Amounts reclassified from AOCI	88		—		(20)		(2)	68
Net current-period other comprehensive income (loss)	414		2		(94)			322
Balance at December 31, 2024	$	(2,962)	$	—	$	(1,715)		$	(4,677)

(1)Relates principally to pension, retiree medical and other postretirement benefits obligations that will not be recognized in net income until the obligations are fully extinguished.

(2)Relates to pension, retiree medical and other postretirement benefits obligations and is recognized within the income tax provision on American’s consolidated statements of operations.

Reclassifications out of AOCI for the years ended December 31, 2024 and 2023 are as follows (in millions):


	Amounts reclassified from AOCI				Affected line items on the consolidated statements of operations
	Year Ended December 31,
AOCI Components	2024		2023
Amortization of pension, retiree medical and other postretirement benefits:
Prior service cost	$	11	$	9	Nonoperating other income (expense), net
Actuarial loss	57		56		Nonoperating other income (expense), net
Total reclassifications for the period, net of tax	$	68	$	65

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Consolidated Statements of Cash Flows - American Airlines, Inc. - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Cash flows from operating activities:

Net income

$ 846

$ 822

$ 127

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

2,245

2,254

2,298

Debt extinguishment costs

267

Special items, net non-cash

(1)

226

Pension and postretirement

(82)

(13)

(405)

Deferred income tax provision

308

299

Share-based compensation, non-cash

102

Other, net

(249)

(205)

(37)

Changes in operating assets and liabilities:

Decrease (increase) in accounts receivable

(637)

Increase in other assets

(314)

(11)

(775)

Increase in accounts payable

257

209

360

Contributions to pension plans

(300)

(73)

(5)

Increase (decrease) in other liabilities

(149)

379

207

Net cash provided by operating activities

3,983

3,803

2,173

Cash flows from investing activities:

Capital expenditures and aircraft purchase deposits

(2,683)

(2,596)

(2,546)

Proceeds from sale-leaseback transactions and sale of property and equipment

654

230

147

Sales of short-term investments

8,013

8,861

14,972

Purchases of short-term investments

(7,194)

(7,323)

(11,257)

Decrease in restricted short-term investments

177

Purchase of equity investments

(321)

Other investing activities

275

(360)

Net cash provided by (used in) investing activities

(968)

(502)

636

Cash flows from financing activities:

Payments on long-term debt and finance leases

(4,467)

(7,718)

(3,752)

Proceeds from issuance of long-term debt

1,670

4,822

1,069

Other financing activities

(310)

Net cash used in financing activities

(2,794)

(3,206)

(2,631)

Net increase in cash and restricted cash

221

178

Cash and restricted cash at beginning of year

681

^[1]

586

^[1]

408

Cash and restricted cash at end of year

^[1]

902

681

586

American Airlines, Inc.

Cash flows from operating activities:

Net income

1,262

1,188

338

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

2,198

2,238

Debt extinguishment costs

267

Special items, net non-cash

(1)

226

Pension and postretirement

(82)

(14)

(404)

Deferred income tax provision

426

394

122

Share-based compensation, non-cash

Other, net

(260)

(216)

(48)

Changes in operating assets and liabilities:

Decrease (increase) in accounts receivable

104

(636)

Increase in other assets

(287)

(2)

(744)

Increase in accounts payable

284

147

406

Increase in receivables from related parties, net

(1,099)

(482)

(1,044)

Contributions to pension plans

(295)

(71)

(4)

Increase (decrease) in other liabilities

(154)

418

135

Net cash provided by operating activities

3,409

3,706

1,329

Cash flows from investing activities:

Capital expenditures and aircraft purchase deposits

(2,624)

(2,542)

(2,489)

Proceeds from sale-leaseback transactions and sale of property and equipment

654

230

147

Sales of short-term investments

8,013

8,861

14,972

Purchases of short-term investments

(7,194)

(7,324)

(11,257)

Decrease in restricted short-term investments

177

Purchase of equity investments

(321)

Other investing activities

275

(360)

Net cash provided by (used in) investing activities

(909)

(449)

693

Cash flows from financing activities:

Payments on long-term debt and finance leases

(3,973)

(7,697)

(2,991)

Proceeds from issuance of long-term debt

1,670

4,822

1,069

Other financing activities

(287)

Net cash used in financing activities

(2,277)

(3,162)

(1,847)

Net increase in cash and restricted cash

223

175

Cash and restricted cash at beginning of year

670

^[2]

575

^[2]

400

Cash and restricted cash at end of year

^[2]

893

670

575

Air traffic liability

Changes in operating assets and liabilities:

Increase (decrease) in customer liabilities

559

(545)

658

Air traffic liability | American Airlines, Inc.

Changes in operating assets and liabilities:

Increase (decrease) in customer liabilities

559

(545)

658

Loyalty program liability

Changes in operating assets and liabilities:

Increase (decrease) in customer liabilities

727

182

Loyalty program liability | American Airlines, Inc.

Changes in operating assets and liabilities:

Increase (decrease) in customer liabilities

$ 727

$ 182

$ 10

[1]

The following table provides a reconciliation of cash and restricted cash to amounts reported within the consolidated balance sheets:


Cash	$	804	$	578	$	440
Restricted cash included in restricted cash and short-term investments	98		103		146
Total cash and restricted cash	$	902	$	681	$	586

[2]

The following table provides a reconciliation of cash and restricted cash to amounts reported within the consolidated balance sheets:


Cash	$	795	$	567	$	429
Restricted cash included in restricted cash and short-term investments	98		103		146
Total cash and restricted cash	$	893	$	670	$	575

Leases - Additional Information (Details) $ in Millions	12 Months Ended
Leases - Additional Information (Details) $ in Millions	Dec. 31, 2024 USD ($) aircraft	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Operating lease cost \| $	$ 1,851	$ 2,016	$ 2,007
Leased Aircrafts
Lessee, Lease, Description [Line Items]
Number of operated aircrafts \| aircraft	716
Aircrafts Leased Under Capacity Purchase Agreements
Lessee, Lease, Description [Line Items]
Number of operated aircrafts \| aircraft	210
Boeing 787 \| Operating Lease Commitments
Lessee, Lease, Description [Line Items]
Operating lease commitments that have not yet commenced \| $	$ 693
Operating lease commitments that have not yet commenced, number of aircraft \| aircraft	5
Operating lease commitments that have not yet commenced, lease term	10 years
Republic Holdings
Lessee, Lease, Description [Line Items]
Ownership Interest	25.00%
Republic Holdings
Lessee, Lease, Description [Line Items]
Operating lease cost \| $	$ 225	274	242
American Airlines, Inc.
Lessee, Lease, Description [Line Items]
Operating lease cost \| $	$ 1,828	1,992	1,987
American Airlines, Inc. \| Leased Aircrafts
Lessee, Lease, Description [Line Items]
Number of operated aircrafts \| aircraft	716
American Airlines, Inc. \| Aircrafts Leased Under Capacity Purchase Agreements
Lessee, Lease, Description [Line Items]
Number of operated aircrafts \| aircraft	210
American Airlines, Inc. \| Boeing 787 \| Operating Lease Commitments
Lessee, Lease, Description [Line Items]
Operating lease commitments that have not yet commenced \| $	$ 693
Operating lease commitments that have not yet commenced, number of aircraft \| aircraft	5
Operating lease commitments that have not yet commenced, lease term	10 years
American Airlines, Inc. \| Republic Holdings
Lessee, Lease, Description [Line Items]
Ownership Interest	25.00%
American Airlines, Inc. \| Republic Holdings
Lessee, Lease, Description [Line Items]
Operating lease cost \| $	$ 225	$ 274	$ 242
Minimum
Lessee, Lease, Description [Line Items]
Lease terms	1 year
Minimum \| American Airlines, Inc.
Lessee, Lease, Description [Line Items]
Lease terms	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease terms	11 years
Maximum \| American Airlines, Inc.
Lessee, Lease, Description [Line Items]
Lease terms	11 years

Debt - Schedule of Convertible Notes (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total long-term debt	$ 30,118	$ 32,759
Net carrying amount	24,617	28,895
Senior Notes \| Convertible Senior Notes 6.50% Due 2025
Debt Instrument [Line Items]
Total long-term debt	1,000	1,000
Unamortized debt discount	(3)	(10)
Net carrying amount	$ 997	$ 990

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Consolidated Statements of Operations - American Airlines, Inc. - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating revenues:
Total operating revenues	$ 54,211	$ 52,788	$ 48,971
Operating expenses:
Aircraft fuel and related taxes	11,418	12,257	13,791
Salaries, wages and benefits	16,021	14,580	12,972
Regional expenses	5,042	4,643	4,385
Maintenance, materials and repairs	3,794	3,265	2,684
Other rent and landing fees	3,303	2,928	2,730
Aircraft rent	1,242	1,369	1,395
Selling expenses	1,812	1,799	1,815
Depreciation and amortization	1,926	1,936	1,977
Special items, net	610	971	193
Other	6,429	6,006	5,422
Total operating expenses	51,597	49,754	47,364
Operating income	2,614	3,034	1,607
Nonoperating income (expense):
Interest income	468	591	216
Interest expense, net	(1,934)	(2,145)	(1,962)
Other income (expense), net	6	(359)	325
Total nonoperating expense, net	(1,460)	(1,913)	(1,421)
Income before income taxes	1,154	1,121	186
Income tax provision	308	299	59
Net income	846	822	127
Passenger
Operating revenues:
Total operating revenues	49,586	48,512	44,568
Cargo
Operating revenues:
Total operating revenues	804	812	1,233
Other
Operating revenues:
Total operating revenues	3,821	3,464	3,170
American Airlines, Inc.
Operating revenues:
Total operating revenues	54,204	52,784	48,965
Operating expenses:
Aircraft fuel and related taxes	11,418	12,257	13,791
Salaries, wages and benefits	16,012	14,572	12,965
Regional expenses	5,009	4,619	4,345
Maintenance, materials and repairs	3,794	3,265	2,684
Other rent and landing fees	3,303	2,928	2,730
Aircraft rent	1,242	1,369	1,395
Selling expenses	1,812	1,799	1,815
Depreciation and amortization	1,919	1,927	1,969
Special items, net	610	971	193
Other	6,431	6,008	5,425
Total operating expenses	51,550	49,715	47,312
Operating income	2,654	3,069	1,653
Nonoperating income (expense):
Interest income	1,058	1,078	349
Interest expense, net	(2,029)	(2,206)	(1,872)
Other income (expense), net	5	(359)	324
Total nonoperating expense, net	(966)	(1,487)	(1,199)
Income before income taxes	1,688	1,582	454
Income tax provision	426	394	116
Net income	1,262	1,188	338
American Airlines, Inc. \| Passenger
Operating revenues:
Total operating revenues	49,586	48,512	44,568
American Airlines, Inc. \| Cargo
Operating revenues:
Total operating revenues	804	812	1,233
American Airlines, Inc. \| Other
Operating revenues:
Total operating revenues	$ 3,814	$ 3,460	$ 3,164

Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss (AOCI) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
AOCI tax, attributable to parent [Roll Forward]
Beginning balance, tax	$ (1,512)	$ (1,601)
Other comprehensive income (loss) before reclassifications, tax	(74)	108
Amounts reclassified from AOCI, tax	(20)	(19)
Net current-period other comprehensive income (loss), tax	(94)	89
Ending balance, tax	(1,606)	(1,512)	$ (1,601)
AOCI attributable to parent, net of tax [Roll Forward]
Beginning Balance	(5,202)	(5,799)	(7,340)
Other comprehensive income (loss) before reclassifications, net of tax	261	(374)
Amounts reclassified from AOCI, net of tax	68	65
Total other comprehensive income (loss), net of tax	329	(309)	1,357
Ending Balance	(3,977)	(5,202)	(5,799)
Accumulated Other Comprehensive Loss
AOCI attributable to parent, net of tax [Roll Forward]
Beginning Balance	(4,894)	(4,585)	(5,942)
Total other comprehensive income (loss), net of tax	329	(309)	1,357
Ending Balance	(4,565)	(4,894)	(4,585)
Pension, Retiree Medical and Other Postretirement Benefits
AOCI attributable to parent, before tax [Roll Forward]
Beginning balance, before tax	(3,380)	(2,978)
Other comprehensive income (loss) before reclassifications, before tax	333	(486)
Amounts reclassified from AOCI, before tax	88	84
Net current-period other comprehensive income (loss), before tax	421	(402)
Ending balance, before tax	(2,959)	(3,380)	(2,978)
Unrealized Gain (Loss) on Investments
AOCI attributable to parent, before tax [Roll Forward]
Beginning balance, before tax	(2)	(6)
Other comprehensive income (loss) before reclassifications, before tax	2	4
Amounts reclassified from AOCI, before tax	0	0
Net current-period other comprehensive income (loss), before tax	2	4
Ending balance, before tax	0	(2)	(6)
American Airlines, Inc.
AOCI tax, attributable to parent [Roll Forward]
Beginning balance, tax	(1,621)	(1,710)
Other comprehensive income (loss) before reclassifications, tax	(74)	108
Amounts reclassified from AOCI, tax	(20)	(19)
Net current-period other comprehensive income (loss), tax	(94)	89
Ending balance, tax	(1,715)	(1,621)	(1,710)
AOCI attributable to parent, net of tax [Roll Forward]
Beginning Balance	6,577	5,593	3,826
Other comprehensive income (loss) before reclassifications, net of tax	254	(374)
Amounts reclassified from AOCI, net of tax	68	65
Total other comprehensive income (loss), net of tax	322	(309)	1,351
Ending Balance	8,234	6,577	5,593
American Airlines, Inc. \| Accumulated Other Comprehensive Loss
AOCI attributable to parent, net of tax [Roll Forward]
Beginning Balance	(4,999)	(4,690)	(6,041)
Total other comprehensive income (loss), net of tax	322	(309)	1,351
Ending Balance	(4,677)	(4,999)	(4,690)
American Airlines, Inc. \| Pension, Retiree Medical and Other Postretirement Benefits
AOCI attributable to parent, before tax [Roll Forward]
Beginning balance, before tax	(3,376)	(2,974)
Other comprehensive income (loss) before reclassifications, before tax	326	(486)
Amounts reclassified from AOCI, before tax	88	84
Net current-period other comprehensive income (loss), before tax	414	(402)
Ending balance, before tax	(2,962)	(3,376)	(2,974)
American Airlines, Inc. \| Unrealized Gain (Loss) on Investments
AOCI attributable to parent, before tax [Roll Forward]
Beginning balance, before tax	(2)	(6)
Other comprehensive income (loss) before reclassifications, before tax	2	4
Amounts reclassified from AOCI, before tax	0	0
Net current-period other comprehensive income (loss), before tax	2	4
Ending balance, before tax	$ 0	$ (2)	$ (6)

Leases

12 Months Ended

Dec. 31, 2024

Lessee, Lease, Description [Line Items]

Leases

We lease certain aircraft and engines, including aircraft under capacity purchase agreements. As of December 31, 2024, we operated 716 leased aircraft, including 210 aircraft leased under capacity purchase agreements, with remaining terms ranging from less than one year to approximately 11 years.

At each airport where we conduct flight operations, we have agreements, generally with a governmental unit or authority, for the use of passenger, operations and baggage handling space as well as runways and taxiways. These agreements, particularly in the U.S., often contain provisions for periodic adjustments to rates and charges applicable under such agreements. These rates and charges also vary with our level of operations and the operations of the airport. Because of the variable nature of these rates, these leases are not recorded on our consolidated balance sheets as a ROU asset or a lease liability. Additionally, at our hub locations and in certain other cities we serve, we lease administrative offices, catering, cargo, training, maintenance and other facilities.

The components of lease expense were as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Operating lease cost	$	1,851	$	2,016	$	2,007
Finance lease cost:
Amortization of assets	132		128		143
Interest on lease liabilities	39		45		47
Variable lease cost	3,075		2,720		2,580
Total net lease cost	$	5,097	$	4,909	$	4,777

Included in the table above is $225 million, $274 million and $242 million of operating lease cost under our capacity purchase agreement with Republic for the years ended December 31, 2024, 2023 and 2022, respectively. We hold a 25% equity interest in Republic Holdings, the parent company of Republic.

Supplemental balance sheet information related to leases was as follows (in millions, except lease term and discount rate):


	December 31,
	2024			2023
Operating leases:
Operating lease ROU assets	$	7,333		$	7,939

Current operating lease liabilities	$	1,092		$	1,309
Noncurrent operating lease liabilities	5,976			6,452
Total operating lease liabilities	$	7,068		$	7,761

Finance leases:
Property and equipment, at cost	$	1,632		$	1,380
Accumulated amortization	(952)			(891)
Property and equipment, net	$	680		$	489

Current finance lease liabilities	$	132		$	131
Noncurrent finance lease liabilities	531			375
Total finance lease liabilities	$	663		$	506

Weighted average remaining lease term (in years):
Operating leases	8.2			8.4
Finance leases	7.4			5.8

Weighted average discount rate:
Operating leases	7.5		%	7.6		%
Finance leases	7.0		%	7.2		%

Supplemental cash flow and other information related to leases was as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,830	$	2,033	$	1,990
Operating cash flows from finance leases	40		48		47
Financing cash flows from finance leases	152		265		190

Gain on sale leaseback transactions, net	76		12		2

Maturities of lease liabilities were as follows (in millions):


	December 31, 2024
	Operating Leases		Finance Leases
2025	$	1,546	$	173
2026	1,403		150
2027	1,243		112
2028	1,114		77
2029	1,010		72
2030 and thereafter	3,049		256
Total lease payments	9,365		840
Less: Imputed interest	(2,297)		(177)
Total lease obligations	7,068		663
Less: Current obligations	(1,092)		(132)
Long-term lease obligations	$	5,976	$	531

As of December 31, 2024, we had additional operating lease commitments that have not yet commenced of approximately $693 million for five Boeing 787 Family aircraft scheduled to be delivered in 2025 with lease terms of 10 years.

Leases

The components of lease expense were as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Operating lease cost	$	1,851	$	2,016	$	2,007
Finance lease cost:
Amortization of assets	132		128		143
Interest on lease liabilities	39		45		47
Variable lease cost	3,075		2,720		2,580
Total net lease cost	$	5,097	$	4,909	$	4,777

Supplemental balance sheet information related to leases was as follows (in millions, except lease term and discount rate):


	December 31,
	2024			2023
Operating leases:
Operating lease ROU assets	$	7,333		$	7,939

Current operating lease liabilities	$	1,092		$	1,309
Noncurrent operating lease liabilities	5,976			6,452
Total operating lease liabilities	$	7,068		$	7,761

Finance leases:
Property and equipment, at cost	$	1,632		$	1,380
Accumulated amortization	(952)			(891)
Property and equipment, net	$	680		$	489

Current finance lease liabilities	$	132		$	131
Noncurrent finance lease liabilities	531			375
Total finance lease liabilities	$	663		$	506

Weighted average remaining lease term (in years):
Operating leases	8.2			8.4
Finance leases	7.4			5.8

Weighted average discount rate:
Operating leases	7.5		%	7.6		%
Finance leases	7.0		%	7.2		%

Supplemental cash flow and other information related to leases was as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,830	$	2,033	$	1,990
Operating cash flows from finance leases	40		48		47
Financing cash flows from finance leases	152		265		190

Gain on sale leaseback transactions, net	76		12		2

Maturities of lease liabilities were as follows (in millions):


	December 31, 2024
	Operating Leases		Finance Leases
2025	$	1,546	$	173
2026	1,403		150
2027	1,243		112
2028	1,114		77
2029	1,010		72
2030 and thereafter	3,049		256
Total lease payments	9,365		840
Less: Imputed interest	(2,297)		(177)
Total lease obligations	7,068		663
Less: Current obligations	(1,092)		(132)
Long-term lease obligations	$	5,976	$	531

American Airlines, Inc.

Lessee, Lease, Description [Line Items]

Leases

American leases certain aircraft and engines, including aircraft under capacity purchase agreements. As of December 31, 2024, American operated 716 leased aircraft, including 210 aircraft leased under capacity purchase agreements, with remaining terms ranging from less than one year to approximately 11 years.

At each airport where American conducts flight operations, American has agreements, generally with a governmental unit or authority, for the use of passenger, operations and baggage handling space as well as runways and taxiways. These agreements, particularly in the U.S., often contain provisions for periodic adjustments to rates and charges applicable under such agreements. These rates and charges also vary with American’s level of operations and the operations of the airport. Because of the variable nature of these rates, these leases are not recorded on American’s consolidated balance sheets as a ROU asset or a lease liability. Additionally, at American’s hub locations and in certain other cities it serves, American leases administrative offices, catering, cargo, training, maintenance and other facilities.

The components of lease expense were as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Operating lease cost	$	1,828	$	1,992	$	1,987
Finance lease cost:
Amortization of assets	125		119		135
Interest on lease liabilities	39		44		46
Variable lease cost	3,059		2,703		2,572
Total net lease cost	$	5,051	$	4,858	$	4,740

Included in the table above is $225 million, $274 million and $242 million of operating lease cost under American’s capacity purchase agreement with Republic for the years ended December 31, 2024, 2023 and 2022, respectively. American holds a 25% equity interest in Republic Holdings, the parent company of Republic.

Supplemental balance sheet information related to leases was as follows (in millions, except lease term and discount rate):


	December 31,
	2024			2023
Operating leases:
Operating lease ROU assets	$	7,274		$	7,886

Current operating lease liabilities	$	1,082		$	1,292
Noncurrent operating lease liabilities	5,926			6,416
Total operating lease liabilities	$	7,008		$	7,708

Finance leases:
Property and equipment, at cost	$	1,604		$	1,352
Accumulated amortization	(924)			(870)
Property and equipment, net	$	680		$	482

Current finance lease liabilities	$	132		$	124
Noncurrent finance lease liabilities	531			374
Total finance lease liabilities	$	663		$	498

Weighted average remaining lease term (in years):
Operating leases	8.2			8.4
Finance leases	7.4			5.8

Weighted average discount rate:
Operating leases	7.5		%	7.6		%
Finance leases	7.0		%	7.1		%

Supplemental cash flow and other information related to leases was as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,810	$	2,011	$	1,968
Operating cash flows from finance leases	40		47		46
Financing cash flows from finance leases	145		255		179

Gain on sale leaseback transactions, net	76		12		2

Maturities of lease liabilities were as follows (in millions):


	December 31, 2024
	Operating Leases		Finance Leases
2025	$	1,532	$	173
2026	1,390		150
2027	1,235		112
2028	1,107		77
2029	1,004		72
2030 and thereafter	3,009		256
Total lease payments	9,277		840
Less: Imputed interest	(2,269)		(177)
Total lease obligations	7,008		663
Less: Current obligations	(1,082)		(132)
Long-term lease obligations	$	5,926	$	531

As of December 31, 2024, American had additional operating lease commitments that have not yet commenced of approximately $693 million for five Boeing 787 Family aircraft scheduled to be delivered in 2025 with lease terms of 10 years.

Leases

The components of lease expense were as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Operating lease cost	$	1,828	$	1,992	$	1,987
Finance lease cost:
Amortization of assets	125		119		135
Interest on lease liabilities	39		44		46
Variable lease cost	3,059		2,703		2,572
Total net lease cost	$	5,051	$	4,858	$	4,740

Supplemental balance sheet information related to leases was as follows (in millions, except lease term and discount rate):


	December 31,
	2024			2023
Operating leases:
Operating lease ROU assets	$	7,274		$	7,886

Current operating lease liabilities	$	1,082		$	1,292
Noncurrent operating lease liabilities	5,926			6,416
Total operating lease liabilities	$	7,008		$	7,708

Finance leases:
Property and equipment, at cost	$	1,604		$	1,352
Accumulated amortization	(924)			(870)
Property and equipment, net	$	680		$	482

Current finance lease liabilities	$	132		$	124
Noncurrent finance lease liabilities	531			374
Total finance lease liabilities	$	663		$	498

Weighted average remaining lease term (in years):
Operating leases	8.2			8.4
Finance leases	7.4			5.8

Weighted average discount rate:
Operating leases	7.5		%	7.6		%
Finance leases	7.0		%	7.1		%

Supplemental cash flow and other information related to leases was as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,810	$	2,011	$	1,968
Operating cash flows from finance leases	40		47		46
Financing cash flows from finance leases	145		255		179

Gain on sale leaseback transactions, net	76		12		2

Maturities of lease liabilities were as follows (in millions):


	December 31, 2024
	Operating Leases		Finance Leases
2025	$	1,532	$	173
2026	1,390		150
2027	1,235		112
2028	1,107		77
2029	1,004		72
2030 and thereafter	3,009		256
Total lease payments	9,277		840
Less: Imputed interest	(2,269)		(177)
Total lease obligations	7,008		663
Less: Current obligations	(1,082)		(132)
Long-term lease obligations	$	5,926	$	531

Transactions with Related Parties

12 Months Ended

Dec. 31, 2024

American Airlines, Inc.

Transactions with Related Parties

The following represents the net receivables (payables) from or to related parties (in millions):


	December 31,
	2024		2023
AAG (1)	$	10,258	$	9,144
AAG’s wholly-owned subsidiaries (2)	(2,071)		(2,074)
Total	$	8,187	$	7,070

(1)The increase in American’s net related party receivable from AAG is due in part to American providing the cash funding for AAG’s financing transactions.

Pursuant to a capacity purchase agreement between American and AAG’s wholly-owned regional airlines operating as American Eagle, American purchases all of the capacity from these carriers and recognizes passenger revenue from flights operated by American Eagle. In 2024, 2023 and 2022, American recognized expense of approximately $2.9 billion, $2.7 billion and $2.5 billion, respectively, related to wholly-owned regional airline capacity purchase agreements.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

Fair Value Measurements - Narrative (Details) - Estimate of Fair Value Measurement - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	$ 30,010	$ 32,310
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	26,402	28,594
Level 2 \| Convertible Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	$ 1,200	$ 1,100

Basis of Presentation and Summary of Significant Accounting Policies - Changes in Loyalty Program Liability (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Movement In Contract With Customer, Liability [Roll Forward]
Beginning balance	$ 15,527
Ending balance	16,813
Loyalty program liability
Movement In Contract With Customer, Liability [Roll Forward]
Beginning balance	9,327
Deferral of revenue	4,482
Recognition of revenue	(3,755)
Ending balance	$ 10,054
Inactive period before expiration of mileage credits	24 months
Customer liabilities, current	$ 3,556	$ 3,453
American Airlines, Inc.
Movement In Contract With Customer, Liability [Roll Forward]
Beginning balance	15,527
Ending balance	16,813
American Airlines, Inc. \| Loyalty program liability
Movement In Contract With Customer, Liability [Roll Forward]
Beginning balance	9,327
Deferral of revenue	4,482
Recognition of revenue	(3,755)
Ending balance	$ 10,054
Inactive period before expiration of mileage credits	24 months
Customer liabilities, current	$ 3,556	$ 3,453

Transactions with Related Parties - Net Receivables (Payables) to Related Parties (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
AAG's wholly-owned subsidiaries	$ (2,455)	$ (2,353)
Regional expenses	5,042	4,643	$ 4,385
American Airlines, Inc.
Related Party Transaction [Line Items]
AAG's wholly-owned subsidiaries	(2,372)	(2,232)
Total	8,187	7,070
Regional expenses	5,009	4,619	$ 4,345
American Airlines, Inc. \| AAG
Related Party Transaction [Line Items]
AAG	10,258	9,144
American Airlines, Inc. \| AAG's Wholly-owned Subsidiaries
Related Party Transaction [Line Items]
AAG's wholly-owned subsidiaries	$ (2,071)	$ (2,074)

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Non-cash investing and financing activities:
ROU assets acquired through operating leases	$ 637	$ 1,180	$ 1,483
Property and equipment acquired through debt, finance leases and other	152	317	46
Operating leases converted to finance leases	293	5	107
Finance leases converted to operating leases	50	42	3
Supplemental information:
Interest paid, net	1,933	2,180	1,852
Income taxes paid	8	6	2
American Airlines, Inc.
Non-cash investing and financing activities:
ROU assets acquired through operating leases	614	1,172	1,448
Property and equipment acquired through debt, finance leases and other	151	317	46
Operating leases converted to finance leases	293	5	107
Finance leases converted to operating leases	50	42	3
Supplemental information:
Interest paid, net	1,806	2,058	1,716
Income taxes paid	$ 8	$ 6	$ 2

Supplemental Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2024

Other Significant Noncash Transactions [Line Items]

Cash Flow Information and Non-Cash Investing and Financing Activities

Supplemental disclosure of cash flow information and non-cash investing and financing activities are as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Non-cash investing and financing activities:
ROU assets acquired through operating leases	$	637	$	1,180	$	1,483
Property and equipment acquired through debt, finance leases and other	152		317		46
Operating leases converted to finance leases	293		5		107
Finance leases converted to operating leases	50		42		3



Supplemental information:
Interest paid, net	1,933		2,180		1,852
Income taxes paid	8		6		2

American Airlines, Inc.

Other Significant Noncash Transactions [Line Items]

Cash Flow Information and Non-Cash Investing and Financing Activities

Supplemental disclosure of cash flow information and non-cash investing and financing activities are as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Non-cash investing and financing activities:
ROU assets acquired through operating leases	$	614	$	1,172	$	1,448
Property and equipment acquired through debt, finance leases and other	151		317		46
Operating leases converted to finance leases	293		5		107
Finance leases converted to operating leases	50		42		3



Supplemental information:
Interest paid, net	1,806		2,058		1,716
Income taxes paid	8		6		2

Employee Benefit Plans - Additional Information (Details) - USD ($) $ in Millions		2 Months Ended	12 Months Ended
	Jun. 14, 2019	Feb. 19, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Mar. 29, 2019
Defined Benefit Plan Disclosure [Line Items]
Estimated period of liquidation of underlying assets			10 years
Defined benefit plan master trust future funding commitments			$ 1,100
Defined benefit plan master trust future funding commitments, period			5 years
Contributions to defined contribution benefit plans			$ 1,400	$ 1,100	$ 949
Subsequent Event
Defined Benefit Plan Disclosure [Line Items]
Weighted average expected rate of return on plan assets		7.75%
Defined benefit plan, assumptions used for expected long-term rate of return on plan assets, term		10 years
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Weighted average expected rate of return on plan assets			8.00%	8.00%	8.00%
Minimum required employer contributions, next fiscal year			$ 224
International Association of Machinists & Aerospace Workers (IAM) National Pension Fund \| Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Contribution to multiemployer plan by employer, individually significant			$ 57	$ 52	$ 46
Contributions to multiemployer plan by company				$ 570
Contributions to multiemployer plan by company, percentage of total contributions to plan (more than)				5.00%
Multiemployer plan, funded status percentage (over)						80.00%
Rehabilitation plan, percentage increase in company annual contributions	2.50%
American Airlines, Inc.
Defined Benefit Plan Disclosure [Line Items]
Estimated period of liquidation of underlying assets			10 years
Defined benefit plan master trust future funding commitments			$ 1,100
Defined benefit plan master trust future funding commitments, period			5 years
Contributions to defined contribution benefit plans			$ 1,400	$ 1,100	$ 916
American Airlines, Inc. \| Subsequent Event
Defined Benefit Plan Disclosure [Line Items]
Weighted average expected rate of return on plan assets		7.75%
Defined benefit plan, assumptions used for expected long-term rate of return on plan assets, term		10 years
American Airlines, Inc. \| Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Weighted average expected rate of return on plan assets			8.00%	8.00%	8.00%
Minimum required employer contributions, next fiscal year			$ 221
American Airlines, Inc. \| International Association of Machinists & Aerospace Workers (IAM) National Pension Fund \| Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Contribution to multiemployer plan by employer, individually significant			$ 57	$ 52	$ 46
Contributions to multiemployer plan by company				$ 570
Contributions to multiemployer plan by company, percentage of total contributions to plan (more than)				5.00%
Multiemployer plan, funded status percentage (over)						80.00%
Rehabilitation plan, percentage increase in company annual contributions	2.50%

Employee Benefit Plans - Schedule of Amounts Recognized in Other Comprehensive Income (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	$ 3,128	$ 3,566
Prior service cost	1	0
Total accumulated other comprehensive loss (income), pre-tax	3,129	3,566
Retiree Medical and Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	(408)	(383)
Prior service cost	238	197
Total accumulated other comprehensive loss (income), pre-tax	(170)	(186)
American Airlines, Inc. \| Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	3,130	3,561
Prior service cost	1	0
Total accumulated other comprehensive loss (income), pre-tax	3,131	3,561
American Airlines, Inc. \| Retiree Medical and Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	(407)	(382)
Prior service cost	238	197
Total accumulated other comprehensive loss (income), pre-tax	$ (169)	$ (185)

Employee Benefit Plans - Changes in Fair Value Measurements of Level 3 Investments (Details) - Level 3 - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Change in fair value measurements of level 3 investments
Fair value of plan assets at beginning of period	$ 84	$ 75
Relating to assets still held at the reporting date	(25)	(9)
Purchases	9	20
Sales	0	(2)
Fair value of plan assets at end of period	68	84
American Airlines, Inc.
Change in fair value measurements of level 3 investments
Fair value of plan assets at beginning of period	84	75
Relating to assets still held at the reporting date	(25)	(9)
Purchases	9	20
Sales	0	(2)
Fair value of plan assets at end of period	$ 68	$ 84

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References + Details

Share-based Compensation

12 Months Ended

Dec. 31, 2024

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation

In May 2023, the stockholders of AAG approved the 2023 Incentive Award Plan (the 2023 Plan). The 2023 Plan replaces and supersedes AAG’s 2013 Incentive Award Plan (the 2013 Plan). No further awards will be granted under the 2013 Plan; however, the terms and conditions of the 2013 Plan will continue to govern any outstanding awards granted thereunder. The 2023 Plan provides that an award may be in the form of a stock option, including an incentive stock option and nonqualified stock option, stock appreciation right, restricted stock, restricted stock unit, performance bonus award, performance stock unit, other stock or cash-based award and dividend equivalent to eligible individuals.

The 2023 Plan authorizes the grant of awards for the issuance of 17.2 million shares less any shares granted under the 2013 Plan after March 22, 2023, the date the Board of Directors of AAG approved the 2023 Plan. Any shares underlying awards granted under the 2023 Plan or 2013 Plan that are forfeited, terminate or are settled in cash (in whole or in part) without the delivery of shares will again be available for grant under the 2023 Plan.

Share-based compensation expense for our equity awards, including awards settled in AAG common stock or cash, was $130 million, $102 million and $78 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included in salaries, wages and benefits on our consolidated statements of operations.

During 2024, 2023 and 2022, we withheld approximately 1.6 million, 1.5 million and 1.2 million shares of AAG common stock, respectively, and paid approximately $27 million, $23 million and $21 million, respectively, in satisfaction of certain tax withholding obligations associated with employee equity awards.

Restricted Stock Unit Awards (RSUs)

We have granted RSUs with service conditions (time vested primarily over three years) and performance conditions. The grant-date fair value of these RSUs is equal to the market price of the underlying shares of AAG common stock on the date of grant. For time vested awards, the expense is recognized on a straight-line basis over the vesting period for the entire award. For awards with performance conditions, the expense is recognized based on the expected achievement at each reporting period. Stock-settled RSUs are equity-classified as the vesting results in the issuance of shares of AAG common stock. Cash-settled restricted stock unit awards (CRSUs) are liability-classified as the vesting results in payment of cash by AAG.

Stock-settled RSU award activity for all plans for the years ended December 31, 2024, 2023 and 2022 is as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
	(In thousands)
Outstanding at December 31, 2021	9,401	$	20.17
Granted	5,882	15.93
Vested and released	(4,131)	21.04
Forfeited	(889)	18.04
Outstanding at December 31, 2022	10,263	$	17.51
Granted	9,834	14.54
Vested and released	(5,161)	17.81
Forfeited	(701)	20.49
Outstanding at December 31, 2023	14,235	$	15.18
Granted	2,580	15.76
Modified (1)	(2,809)	16.18
Vested and released	(4,833)	15.91
Forfeited	(827)	15.83
Outstanding at December 31, 2024	8,346	$	15.59

(1)The settlement terms of 2.8 million stock-settled RSUs were modified from settlement in AAG common stock to settlement in cash. This change in award settlement method was the only modification to these awards, and the vesting, forfeiture and all other terms and conditions were unchanged. The modification resulted in a $20 million reclassification from additional paid-in capital to accrued salaries and wages on our consolidated balance sheet.

As of December 31, 2024, there was $46 million of unrecognized compensation cost related to stock-settled RSUs. These costs are expected to be recognized over a weighted average period of one year. The total fair value of stock-settled RSUs vested during the years ended December 31, 2024, 2023 and 2022 was $69 million, $78 million and $70 million, respectively.

CRSU award activity for all plans for the year ended December 31, 2024 is as follows:


	Number of Shares	Weighted Average Fair Value
	(In thousands)
Outstanding at December 31, 2023	37	$	13.74
Granted	5,634	17.43
Modified (1)	2,809	16.18
Vested and released	(1,337)	14.75
Forfeited	(136)	17.42
Outstanding at December 31, 2024	7,007	$	17.43

(1)The settlement terms of 2.8 million stock-settled RSUs were modified from settlement in AAG common stock to settlement in cash. See table above for further discussion.

As of December 31, 2024, the liability related to CRSUs was $39 million, which will continue to be remeasured at fair value at each reporting date until all awards are vested. As of December 31, 2024, there was $83 million of unrecognized compensation cost related to CRSUs. These costs are expected to be recognized over a weighted average period of one year. The total cash paid for CRSUs vested during the year ended December 31, 2024 was $18 million.

For the years ended December 31, 2023 and 2022, CRSU award activity was nominal.

American Airlines, Inc.

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation

Share-based compensation expense for American’s equity awards, including awards settled in AAG common stock or cash, was $124 million, $97 million and $75 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included in salaries, wages and benefits on its consolidated statements of operations.

During 2024, 2023 and 2022, AAG withheld approximately 1.6 million, 1.5 million and 1.2 million shares of AAG common stock, respectively, and paid approximately $27 million, $23 million and $21 million, respectively, in satisfaction of certain tax withholding obligations associated with employee equity awards.

Restricted Stock Unit Awards (RSUs)

AAG has granted RSUs with service conditions (time vested primarily over three years) and performance conditions. The grant-date fair value of these RSUs is equal to the market price of the underlying shares of AAG common stock on the date of grant. For time vested awards, the expense is recognized on a straight-line basis over the vesting period for the entire award. For awards with performance conditions, the expense is recognized based on the expected achievement at each reporting period. Stock-settled RSUs are equity-classified as the vesting results in the issuance of shares of AAG common stock. Cash-settled restricted stock unit awards (CRSUs) are liability-classified as the vesting results in payment of cash by AAG.

Stock-settled RSU award activity for all plans for the years ended December 31, 2024, 2023 and 2022 is as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
	(In thousands)
Outstanding at December 31, 2021	9,401	$	20.17
Granted	5,882	15.93
Vested and released	(4,131)	21.04
Forfeited	(889)	18.04
Outstanding at December 31, 2022	10,263	$	17.51
Granted	9,834	14.54
Vested and released	(5,161)	17.81
Forfeited	(701)	20.49
Outstanding at December 31, 2023	14,235	$	15.18
Granted	2,580	15.76
Modified (1)	(2,809)	16.18
Vested and released	(4,833)	15.91
Forfeited	(827)	15.83
Outstanding at December 31, 2024	8,346	$	15.59

As of December 31, 2024, there was $44 million of unrecognized compensation cost related to stock-settled RSUs. These costs are expected to be recognized over a weighted average period of one year. The total fair value of stock-settled RSUs vested during the years ended December 31, 2024, 2023 and 2022 was $69 million, $78 million and $70 million, respectively.

CRSU award activity for all plans for the year ended December 31, 2024 is as follows:


	Number of Shares	Weighted Average Fair Value
	(In thousands)
Outstanding at December 31, 2023	37	$	13.74
Granted	5,634	17.43
Modified (1)	2,809	16.18
Vested and released	(1,337)	14.75
Forfeited	(136)	17.42
Outstanding at December 31, 2024	7,007	$	17.43

(1)The settlement terms of 2.8 million stock-settled RSUs were modified from settlement in AAG common stock to settlement in cash. See table above for further discussion.

As of December 31, 2024, the liability related to CRSUs was $39 million, which will continue to be remeasured at fair value at each reporting date until all awards are vested. As of December 31, 2024, there was $77 million of unrecognized compensation cost related to CRSUs. These costs are expected to be recognized over a weighted average period of one year. The total cash paid for CRSUs vested during the year ended December 31, 2024 was $18 million.

For the years ended December 31, 2023 and 2022, CRSU award activity was nominal.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 2
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Debt - AAdvantage Financing (Details) - USD ($)				1 Months Ended	12 Months Ended
Debt - AAdvantage Financing (Details) - USD ($)	Jul. 20, 2026	Jul. 31, 2023	Jul. 20, 2023	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023	Mar. 24, 2021
Debt Instrument [Line Items]
Total long-term debt					$ 30,118,000,000	$ 32,759,000,000
American Airlines, Inc.
Debt Instrument [Line Items]
Total long-term debt					25,372,000,000
Secured Debt
Debt Instrument [Line Items]
Total long-term debt					25,372,000,000	27,526,000,000
Secured Debt \| American Airlines, Inc.
Debt Instrument [Line Items]
Total long-term debt					$ 25,372,000,000	27,526,000,000
5.50% Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Aggregate principal issued							$ 3,500,000,000
Fixed interest rate per annum							5.50%
Quarterly installments			$ 292,000,000
5.50% Senior Notes \| Secured Debt
Debt Instrument [Line Items]
Fixed interest rate per annum					5.50%
Total long-term debt					$ 1,750,000,000	2,917,000,000
5.50% Senior Notes \| Secured Debt \| American Airlines, Inc.
Debt Instrument [Line Items]
Fixed interest rate per annum					5.50%
Total long-term debt					$ 1,750,000,000	2,917,000,000
5.75% Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Aggregate principal issued							$ 3,000,000,000.0
Fixed interest rate per annum							5.75%
5.75% Senior Notes \| Senior Notes \| Forecast
Debt Instrument [Line Items]
Quarterly installments	$ 250,000,000
5.75% Senior Notes \| Secured Debt
Debt Instrument [Line Items]
Fixed interest rate per annum					5.75%
Total long-term debt					$ 3,000,000,000	3,000,000,000
5.75% Senior Notes \| Secured Debt \| American Airlines, Inc.
Debt Instrument [Line Items]
Fixed interest rate per annum					5.75%
Total long-term debt					$ 3,000,000,000	3,000,000,000
AAdvantage Term Loan Facility \| Senior Notes
Debt Instrument [Line Items]
Quarterly installments		$ 175,000,000
AAdvantage Term Loan Facility \| Secured Debt
Debt Instrument [Line Items]
Total long-term debt					$ 2,450,000,000	3,150,000,000	$ 3,500,000,000
Redemption price percentage					100.00%
Variable interest rate					9.63%
Mandatory prepayment amount, threshold net proceeds from pre-paid frequent flyer							$ 505,000,000
AAdvantage Term Loan Facility \| Secured Debt \| American Airlines, Inc.
Debt Instrument [Line Items]
Total long-term debt					$ 2,450,000,000	$ 3,150,000,000
Variable interest rate					9.63%
AAdvantage Term Loan Facility \| Secured Debt \| Base Rate \| American Airlines, Inc.
Debt Instrument [Line Items]
Floor interest rate				0.00%
Interest rate margin				3.75%
AAdvantage Term Loan Facility \| Secured Debt \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Interest rate margin					4.75%
AAdvantage Term Loan Facility \| Secured Debt \| Secured Overnight Financing Rate (SOFR) \| American Airlines, Inc.
Debt Instrument [Line Items]
Floor interest rate				0.75%
Interest rate margin				4.75%	4.75%
Interest rate adjustment				0.26161%

Income Taxes - Additional Disclosures (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Line Items]
Other carryforwards	$ 5,900
Income tax provision	$ 308	$ 299	$ 59
Income tax expense, effective rate	27.00%
Federal
Income Taxes [Line Items]
Gross NOL carryforwards	$ 12,900
Operating loss carryforwards and other carryforwards, subject to expiration	2,600
Operating loss carryforwards and other carryforwards, not subject to expiration	16,200
State
Income Taxes [Line Items]
Gross NOL carryforwards	5,200
American Airlines, Inc.
Income Taxes [Line Items]
Other carryforwards	4,200
Income tax provision	$ 426	$ 394	$ 116
Income tax expense, effective rate	25.00%
American Airlines, Inc. \| Federal
Income Taxes [Line Items]
Gross NOL carryforwards	$ 12,800
Operating loss carryforwards and other carryforwards, subject to expiration	2,900
Operating loss carryforwards and other carryforwards, not subject to expiration	14,100
American Airlines, Inc. \| State
Income Taxes [Line Items]
Gross NOL carryforwards	$ 5,000

Consolidated Statements of Stockholders' Deficit - American Airlines Group Inc. - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Deficit
Beginning Balance at Dec. 31, 2021	$ (7,340)	$ 6	$ 7,234	$ (5,942)	$ (8,638)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	127				127
Other comprehensive income (loss), net	1,357			1,357
Issuance of shares of AAG common stock pursuant to employee stock plans net of shares withheld for cash taxes	(21)		(21)
Share-based compensation expense	78		78
Ending Balance at Dec. 31, 2022	(5,799)	6	7,291	(4,585)	(8,511)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	822				822
Other comprehensive income (loss), net	(309)			(309)
Issuance of shares of AAG common stock pursuant to employee stock plans net of shares withheld for cash taxes	(22)	1	(23)
Share-based compensation expense	102		102
Settlement of single-dip unsecured claims held in Disputed Claims Reserve	4		4
Ending Balance at Dec. 31, 2023	(5,202)	7	7,374	(4,894)	(7,689)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	846				846
Other comprehensive income (loss), net	329			329
Issuance of shares of AAG common stock pursuant to employee stock plans net of shares withheld for cash taxes	(22)		(22)
Share-based compensation expense	92		92
Modification of share-based awards	(20)		(20)
Ending Balance at Dec. 31, 2024	$ (3,977)	$ 7	$ 7,424	$ (4,565)	$ (6,843)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

+ Details

Debt - Guarantees (Details)	Dec. 31, 2024 USD ($)
Secured Debt
Debt Instrument [Line Items]
Guarantor obligations, maximum exposure, undiscounted	$ 15,200,000,000
Unsecured Debt \| Convertible Senior Notes 6.50% Due 2025
Debt Instrument [Line Items]
Fixed interest rate per annum	6.50%
Unsecured Debt \| Senior Notes 3.75% Matures 2025
Debt Instrument [Line Items]
Fixed interest rate per annum	3.75%
American Airlines, Inc. \| Unsecured Debt \| PSP1 Promissory Note
Debt Instrument [Line Items]
Guarantor obligations, maximum exposure, undiscounted	$ 1,800,000,000
American Airlines, Inc. \| Unsecured Debt \| PSP2 Promissory Note
Debt Instrument [Line Items]
Guarantor obligations, maximum exposure, undiscounted	1,000,000,000.0
American Airlines, Inc. \| Unsecured Debt \| PSP3 Promissory Note
Debt Instrument [Line Items]
Guarantor obligations, maximum exposure, undiscounted	959,000,000
American Airlines, Inc. \| Unsecured Debt \| Convertible Senior Notes 6.50% Due 2025
Debt Instrument [Line Items]
Guarantor obligations, maximum exposure, undiscounted	$ 1,000,000,000.0
Fixed interest rate per annum	6.50%

Consolidated Statements of Comprehensive Income - American Airlines Group Inc. - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 846	$ 822	$ 127
Other comprehensive income (loss), net of tax:
Pension, retiree medical and other postretirement benefits	327	(312)	1,360
Investments	2	3	(3)
Total other comprehensive income (loss), net of tax	329	(309)	1,357
Total comprehensive income	$ 1,175	$ 513	$ 1,484

- Definition

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Organization Basis of Presentation and Summary of Significant Accounting Policies [Line Items]

Schedule of Estimated Useful Lives of Principal Property and Equipment

The estimated useful lives for the principal property and equipment classifications are as follows:


Principal Property and Equipment Classification			Estimated Useful Life
Aircraft, engines and related rotable parts			20 – 30 years
Buildings and improvements			5 – 30 years
Furniture, fixtures and other equipment			3 – 15 years
Capitalized software			5 – 10 years

Disaggregation of Revenue

The following are the significant categories comprising our operating revenues (in millions):


	Year Ended December 31,
	2024		2023		2022
Passenger revenue:
Passenger travel	$	45,743	$	44,914	$	41,425
Loyalty revenue - travel (1)	3,843		3,598		3,143
Total passenger revenue	49,586		48,512		44,568
Cargo	804		812		1,233
Other:
Loyalty revenue - marketing services	3,257		2,929		2,657
Other revenue	564		535		513
Total other revenue	3,821		3,464		3,170
Total operating revenues	$	54,211	$	52,788	$	48,971

The following is our total passenger revenue by geographic region (in millions):


	Year Ended December 31,
	2024		2023		2022
Domestic	$	35,336	$	34,592	$	32,911
Latin America	6,560		6,719		6,150
Atlantic	6,445		6,205		5,070
Pacific	1,245		996		437
Total passenger revenue	$	49,586	$	48,512	$	44,568

Schedule of Contract Balances


	December 31,
	2024		2023
	(In millions)
Loyalty program liability	$	10,054	$	9,327
Air traffic liability	6,759		6,200
Total	$	16,813	$	15,527

Changes in loyalty program liability are as follows (in millions):


Balance at December 31, 2023	$	9,327
Deferral of revenue	4,482
Recognition of revenue (1)	(3,755)
Balance at December 31, 2024 (2)	$	10,054

American Airlines, Inc.

Organization Basis of Presentation and Summary of Significant Accounting Policies [Line Items]

Schedule of Estimated Useful Lives of Principal Property and Equipment

The estimated useful lives for the principal property and equipment classifications are as follows:


Principal Property and Equipment Classification			Estimated Useful Life
Aircraft, engines and related rotable parts			20 – 30 years
Buildings and improvements			5 – 30 years
Furniture, fixtures and other equipment			3 – 15 years
Capitalized software			5 – 10 years

Disaggregation of Revenue

The following are the significant categories comprising American’s operating revenues (in millions):


	Year Ended December 31,
	2024		2023		2022
Passenger revenue:
Passenger travel	$	45,743	$	44,914	$	41,425
Loyalty revenue - travel (1)	3,843		3,598		3,143
Total passenger revenue	49,586		48,512		44,568
Cargo	804		812		1,233
Other:
Loyalty revenue - marketing services	3,257		2,929		2,657
Other revenue	557		531		507
Total other revenue	3,814		3,460		3,164
Total operating revenues	$	54,204	$	52,784	$	48,965

The following is American’s total passenger revenue by geographic region (in millions):


	Year Ended December 31,
	2024		2023		2022
Domestic	$	35,336	$	34,592	$	32,911
Latin America	6,560		6,719		6,150
Atlantic	6,445		6,205		5,070
Pacific	1,245		996		437
Total passenger revenue	$	49,586	$	48,512	$	44,568

Schedule of Contract Balances


	December 31,
	2024		2023
	(In millions)
Loyalty program liability	$	10,054	$	9,327
Air traffic liability	6,759		6,200
Total	$	16,813	$	15,527

Changes in loyalty program liability are as follows (in millions):


Balance at December 31, 2023	$	9,327
Deferral of revenue	4,482
Recognition of revenue (1)	(3,755)
Balance at December 31, 2024 (2)	$	10,054

(2)Mileage credits can be redeemed at any time and generally do not expire as long as that AAdvantage member has any type of qualifying activity at least every 24 months or if the AAdvantage member is the primary holder of a co-branded credit card. As of December 31, 2024, American’s current loyalty program liability was $3.6 billion and represents American’s current estimate of revenue expected to be recognized in the next 12 months based on historical trends, with the balance reflected in long-term loyalty program liability expected to be recognized as revenue in periods thereafter. Additionally, as of December 31, 2024, American’s loyalty program liability includes a one-time cash payment related to the new co-branded credit card agreement announced in December 2024, which will be amortized over the life of the new agreement beginning in 2026.

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Investments - Schedule of Equity Investments (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	$ 120	$ 186
Total
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	515	541
American Airlines, Inc.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	120	186
American Airlines, Inc. \| Total
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 515	$ 541
China Southern Airlines
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Ownership interest, fair value method investments	1.50%	1.50%
Carrying value, fair value method investments	$ 142	$ 115
China Southern Airlines \| American Airlines, Inc.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Ownership interest, fair value method investments	1.50%	1.50%
Carrying value, fair value method investments	$ 142	$ 115
Republic Holdings
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Ownership interest, equity method investments	25.00%	25.00%
Carrying value, equity method investments	$ 253	$ 240
Republic Holdings \| American Airlines, Inc.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Ownership interest, equity method investments	25.00%	25.00%
Carrying value, equity method investments	$ 253	$ 240

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2024

Defined Benefit Plan Disclosure [Line Items]

Schedule of Changes in Projected Benefit Obligations, Fair Value of Plan Assets and Funded Status


	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2024		2023		2024		2023

	(In millions)
Benefit obligation at beginning of period	$	14,410	$	14,037	$	1,325	$	906
Service cost	2		2		29		17
Interest cost	723		758		64		55
Actuarial loss (gain) (1), (2)	(741)		507		(58)		92

Plan amendments (3)	—		—		55		339
Benefit payments	(913)		(894)		(107)		(84)
Other	(132)		—		—		—
Benefit obligation at end of period	$	13,349	$	14,410	$	1,308	$	1,325






Fair value of plan assets at beginning of period	$	12,431	$	11,884	$	133	$	133
Actual return on plan assets	568		1,368		9		14
Employer contributions (4)	300		73		93		70

Benefit payments	(913)		(894)		(107)		(84)
Other	(132)		—		—		—
Fair value of plan assets at end of period	$	12,254	$	12,431	$	128	$	133
Funded status at end of period	$	(1,095)	$	(1,979)	$	(1,180)	$	(1,192)

(1)The 2024 and 2023 pension actuarial loss (gain) primarily relates to the change in our weighted average discount rate assumption.

The 2023 retiree medical and other postretirement benefits actuarial loss primarily relates to the change in our weighted average discount rate assumption and change in health care cost assumptions.

Schedule of Amounts Recognized in Consolidated Balance Sheets

Balance Sheet Position


	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2024		2023		2024		2023

	(In millions)
As of December 31:
Current liability	$	5	$	5	$	142	$	122
Noncurrent liability	1,090		1,974		1,038		1,070
Total liabilities	$	1,095	$	1,979	$	1,180	$	1,192

Schedule of Amounts Recognized in Other Comprehensive Income


	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2024		2023		2024		2023

	(In millions)
As of December 31:
Net actuarial loss (gain)	$	3,128	$	3,566	$	(408)	$	(383)
Prior service cost	1		—		238		197
Total accumulated other comprehensive loss (income), pre-tax	$	3,129	$	3,566	$	(170)	$	(186)

Schedule of Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets

Plans with Projected Benefit Obligations Exceeding Fair Value of Plan Assets


	Pension Benefits
	2024		2023

	(In millions)
As of December 31:
Projected benefit obligation	$	13,349	$	14,410
Fair value of plan assets	12,254		12,431

Plans with Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets


	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2024		2023		2024		2023

	(In millions)
As of December 31:
Accumulated benefit obligation	$	13,341	$	14,403	$	—	$	—
Accumulated postretirement benefit obligation	—		—		1,308		1,325
Fair value of plan assets	12,254		12,431		128		133

Components of Net Periodic Benefit Cost (Income)

Net Periodic Benefit Cost (Income)


	Pension Benefits						Retiree Medical and Other Postretirement Benefits
	2024		2023		2022		2024		2023		2022

	(In millions)
For the years ended December 31:
Defined benefit plans:
Service cost	$	2	$	2	$	3	$	29	$	17	$	16
Interest cost	723		758		556		64		55		30
Expected return on assets	(978)		(918)		(1,138)		(10)		(11)		(12)


Amortization of:
Prior service cost (benefit)	—		18		28		14		(6)		(14)
Unrecognized net loss (gain)	105		106		156		(31)		(34)		(30)
Net periodic benefit cost (income)	$	(148)	$	(34)	$	(395)	$	66	$	21	$	(10)

Schedule of Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost

The following actuarial assumptions were used to determine our benefit obligations and net periodic benefit cost (income) for the periods presented:


	Pension Benefits		Retiree Medical and Other Postretirement Benefits
	2024	2023	2024	2023
Benefit obligations as of December 31:
Weighted average discount rate	5.7%	5.2%	5.6%	5.3%


	Pension Benefits			Retiree Medical and Other Postretirement Benefits
	2024	2023	2022	2024	2023	2022
Net periodic benefit cost (income) for the years ended December 31:
Weighted average discount rate	5.2%	5.6%	3.0%	5.3%	5.7%	2.8%
Weighted average expected rate of return on plan assets	8.0%	8.0%	8.0%	8.0%	8.0%	8.0%
Weighted average health care cost trend rate assumed for next year (1)	N/A	N/A	N/A	6.5%	6.5%	5.8%

(1)The weighted average health care cost trend rate at December 31, 2024 is assumed to decline gradually to 4.5% by 2033 and remain level thereafter.

Schedule of Expected Future Service Benefit Payments

The following benefit payments, which reflect expected future service as appropriate, are expected to be paid (approximately, in millions):


	2025		2026		2027		2028		2029		2030-2034
Pension benefits	$	962	$	982	$	1,001	$	1,015	$	1,025	$	5,149
Retiree medical and other postretirement benefits	159		163		160		157		153		651

Schedule of Allocation of Plan Assets

The current strategic target asset allocation with the corresponding allowed range is as follows:


Asset Class/Sub-Class	Target Allocation		Allowed Range
Equity	56	%	30% - 85%
Public:
U.S. Large	18	%	10% - 40%
U.S. Small/Mid	4	%	0% - 10%
International Large	11.5	%	5% - 25%
International Small/Mid	2.5	%	0% - 10%
Emerging Markets	5	%	0% - 15%
Private Equity	15	%	5% - 30%

Fixed Income	44	%	15% - 70%
Public U.S. Fixed Income	35	%	15% - 60%
Private Income	9	%	0% - 20%

Other	0	%	0% - 5%
Cash Equivalents	0	%	0% - 20%

Changes in Fair Value Measurements of Level 3 Investments

Changes in fair value measurements of Level 3 investments during the years ended December 31, 2024 and 2023, were as follows (in millions):


	2024		2023
Balance at beginning of year	$	84	$	75
Actual gain (loss) on plan assets:
Relating to assets still held at the reporting date	(25)		(9)
Purchases	9		20
Sales	—		(2)

Balance at end of year	$	68	$	84

American Airlines, Inc.

Defined Benefit Plan Disclosure [Line Items]

Schedule of Changes in Projected Benefit Obligations, Fair Value of Plan Assets and Funded Status


	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2024		2023		2024		2023

	(In millions)
Benefit obligation at beginning of period	$	14,314	$	13,948	$	1,325	$	906
Service cost	2		2		29		17
Interest cost	718		753		64		55
Actuarial loss (gain) (1), (2)	(737)		501		(58)		92

Plan amendments (3)	—		—		54		339
Benefit payments	(907)		(890)		(107)		(84)
Other	(132)		—		—		—
Benefit obligation at end of period	$	13,258	$	14,314	$	1,307	$	1,325






Fair value of plan assets at beginning of period	$	12,358	$	11,821	$	133	$	133
Actual return on plan assets	561		1,356		9		14
Employer contributions (4)	295		71		93		70

Benefit payments	(907)		(890)		(107)		(84)
Other	(132)		—		—		—
Fair value of plan assets at end of period	$	12,175	$	12,358	$	128	$	133
Funded status at end of period	$	(1,083)	$	(1,956)	$	(1,179)	$	(1,192)

(1)The 2024 and 2023 pension actuarial loss (gain) primarily relates to the change in American’s weighted average discount rate assumption.

Schedule of Amounts Recognized in Consolidated Balance Sheets


	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2024		2023		2024		2023

	(In millions)
As of December 31:
Current liability	$	5	$	6	$	142	$	122
Noncurrent liability	1,078		1,950		1,037		1,070
Total liabilities	$	1,083	$	1,956	$	1,179	$	1,192

Schedule of Amounts Recognized in Other Comprehensive Income


	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2024		2023		2024		2023

	(In millions)
As of December 31:
Net actuarial loss (gain)	$	3,130	$	3,561	$	(407)	$	(382)
Prior service cost	1		—		238		197
Total accumulated other comprehensive loss (income), pre-tax	$	3,131	$	3,561	$	(169)	$	(185)

Schedule of Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets

Plans with Projected Benefit Obligations Exceeding Fair Value of Plan Assets


	Pension Benefits
	2024		2023

	(In millions)
As of December 31:
Projected benefit obligation	$	13,258	$	14,314
Fair value of plan assets	12,175		12,358

Plans with Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets


	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2024		2023		2024		2023

	(In millions)
As of December 31:
Accumulated benefit obligation	$	13,251	$	14,307	$	—	$	—
Accumulated postretirement benefit obligation	—		—		1,307		1,325
Fair value of plan assets	12,175		12,358		128		133

Components of Net Periodic Benefit Cost (Income)


	Pension Benefits						Retiree Medical and Other Postretirement Benefits
	2024		2023		2022		2024		2023		2022

	(In millions)
For the years ended December 31:
Defined benefit plans:
Service cost	$	2	$	2	$	3	$	29	$	17	$	16
Interest cost	718		753		552		64		55		30
Expected return on assets	(973)		(914)		(1,133)		(10)		(11)		(12)


Amortization of:
Prior service cost (benefit)	—		18		28		14		(6)		(14)
Unrecognized net loss (gain)	105		106		156		(31)		(34)		(30)
Net periodic benefit cost (income)	$	(148)	$	(35)	$	(394)	$	66	$	21	$	(10)

Schedule of Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost

The following actuarial assumptions were used to determine American’s benefit obligations and net periodic benefit cost (income) for the periods presented:


	Pension Benefits		Retiree Medical and Other Postretirement Benefits
	2024	2023	2024	2023
Benefit obligations as of December 31:
Weighted average discount rate	5.7%	5.2%	5.6%	5.3%


	Pension Benefits			Retiree Medical and Other Postretirement Benefits
	2024	2023	2022	2024	2023	2022
Net periodic benefit cost (income) for the years ended December 31:
Weighted average discount rate	5.2%	5.6%	3.0%	5.3%	5.7%	2.8%
Weighted average expected rate of return on plan assets	8.0%	8.0%	8.0%	8.0%	8.0%	8.0%
Weighted average health care cost trend rate assumed for next year (1)	N/A	N/A	N/A	6.5%	6.5%	5.8%

(1)The weighted average health care cost trend rate at December 31, 2024 is assumed to decline gradually to 4.5% by 2033 and remain level thereafter.

Schedule of Expected Future Service Benefit Payments

The following benefit payments, which reflect expected future service as appropriate, are expected to be paid (approximately, in millions):


	2025		2026		2027		2028		2029		2030-2034
Pension benefits	$	957	$	977	$	995	$	1,009	$	1,019	$	5,115
Retiree medical and other postretirement benefits	158		163		160		156		153		650

Schedule of Allocation of Plan Assets

The current strategic target asset allocation with the corresponding allowed range is as follows:


Asset Class/Sub-Class	Target Allocation		Allowed Range
Equity	56	%	30% - 85%
Public:
U.S. Large	18	%	10% - 40%
U.S. Small/Mid	4	%	0% - 10%
International Large	11.5	%	5% - 25%
International Small/Mid	2.5	%	0% - 10%
Emerging Markets	5	%	0% - 15%
Private Equity	15	%	5% - 30%

Fixed Income	44	%	15% - 70%
Public U.S. Fixed Income	35	%	15% - 60%
Private Income	9	%	0% - 20%

Other	0	%	0% - 5%
Cash Equivalents	0	%	0% - 20%

Changes in Fair Value Measurements of Level 3 Investments

Changes in fair value measurements of Level 3 investments during the years ended December 31, 2024 and 2023, were as follows (in millions):


	2024		2023
Balance at beginning of year	$	84	$	75
Actual gain (loss) on plan assets:
Relating to assets still held at the reporting date	(25)		(9)
Purchases	9		20
Sales	—		(2)

Balance at end of year	$	68	$	84

Pension Benefits

Defined Benefit Plan Disclosure [Line Items]

Schedule of Allocation of Plan Assets

The fair value of our pension plan assets at December 31, 2024 and 2023, by asset category, were as follows (in millions) (1):


	December 31, 2024								December 31, 2023
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Equity (2)	$	2,498	$	—	$	—	$	2,498	$	3,182	$	—	$	—	$	3,182
Fixed income (3)	439		3,723		—		4,162		260		3,238		—		3,498
Other, net (4)	91		144		68		303		(6)		348		84		426
Measured at NAV (5):
Common collective trusts (6)	—		—		—		1,153		—		—		—		1,244
Private investments (7)	—		—		—		4,138		—		—		—		4,081
Total plan assets	$	3,028	$	3,867	$	68	$	12,254	$	3,436	$	3,586	$	84	$	12,431

(1)See Note 7 for a description of the levels within the fair value hierarchy.

(2)Equity investments include domestic and international common stock and preferred stock.

(3)Fixed income investments include corporate, government and U.S. municipal bonds, as well as mutual funds invested in fixed income securities.

(5)Includes investments that were measured at NAV per share (or its equivalent) as a practical expedient that have not been classified in the fair value hierarchy.

Pension Benefits | American Airlines, Inc.

Defined Benefit Plan Disclosure [Line Items]

Schedule of Allocation of Plan Assets

The fair value of American’s pension plan assets at December 31, 2024 and 2023, by asset category, were as follows (in millions) (1):


	December 31, 2024								December 31, 2023
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Equity (2)	$	2,498	$	—	$	—	$	2,498	$	3,134	$	—	$	—	$	3,134
Fixed income (3)	427		3,723		—		4,150		235		3,238		—		3,473
Other, net (4)	91		144		68		303		(6)		348		84		426
Measured at NAV (5):
Common collective trusts (6)	—		—		—		1,086		—		—		—		1,244
Private investments (7)	—		—		—		4,138		—		—		—		4,081
Total plan assets	$	3,016	$	3,867	$	68	$	12,175	$	3,363	$	3,586	$	84	$	12,358

(1)See Note 6 for a description of the levels within the fair value hierarchy.

(2)Equity investments include domestic and international common stock and preferred stock.

(3)Fixed income investments include corporate, government and U.S. municipal bonds, as well as mutual funds invested in fixed income securities.

(5)Includes investments that were measured at NAV per share (or its equivalent) as a practical expedient that have not been classified in the fair value hierarchy.

Leases - Components of Lease Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 1,851	$ 2,016	$ 2,007
Finance lease cost:
Amortization of assets	132	128	143
Interest on lease liabilities	39	45	47
Variable lease cost	3,075	2,720	2,580
Total net lease cost	5,097	4,909	4,777
American Airlines, Inc.
Lessee, Lease, Description [Line Items]
Operating lease cost	1,828	1,992	1,987
Finance lease cost:
Amortization of assets	125	119	135
Interest on lease liabilities	39	44	46
Variable lease cost	3,059	2,703	2,572
Total net lease cost	$ 5,051	$ 4,858	$ 4,740

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income	$ 846	$ 822	$ 127

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Debt - 7.25% Senior Secured Notes (Details) - 7.25% Senior Secured Notes - Senior Notes - American Airlines, Inc. $ in Millions	Feb. 15, 2023 USD ($)
Debt Instrument [Line Items]
Fixed interest rate per annum	7.25%
Aggregate principal issued	$ 750
Debt instrument, minimum collateral coverage ratio	1.6
Debt instrument, special interest rate	2.00%
Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Redemption price percentage	100.00%
Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Redemption price percentage	107.25%
Percentage of principal amount redeemed	40.00%

Leases - Supplemental Cash Flow and Other Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 1,830	$ 2,033	$ 1,990
Operating cash flows from finance leases	40	48	47
Financing cash flows from finance leases	152	265	190
Gain on sale leaseback transactions, net	76	12	2
American Airlines, Inc.
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	1,810	2,011	1,968
Operating cash flows from finance leases	40	47	46
Financing cash flows from finance leases	145	255	179
Gain on sale leaseback transactions, net	$ 76	$ 12	$ 2

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Share-based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Stock-Settled RSU Award and CRSU Activity

Stock-settled RSU award activity for all plans for the years ended December 31, 2024, 2023 and 2022 is as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
	(In thousands)
Outstanding at December 31, 2021	9,401	$	20.17
Granted	5,882	15.93
Vested and released	(4,131)	21.04
Forfeited	(889)	18.04
Outstanding at December 31, 2022	10,263	$	17.51
Granted	9,834	14.54
Vested and released	(5,161)	17.81
Forfeited	(701)	20.49
Outstanding at December 31, 2023	14,235	$	15.18
Granted	2,580	15.76
Modified (1)	(2,809)	16.18
Vested and released	(4,833)	15.91
Forfeited	(827)	15.83
Outstanding at December 31, 2024	8,346	$	15.59

CRSU award activity for all plans for the year ended December 31, 2024 is as follows:


	Number of Shares	Weighted Average Fair Value
	(In thousands)
Outstanding at December 31, 2023	37	$	13.74
Granted	5,634	17.43
Modified (1)	2,809	16.18
Vested and released	(1,337)	14.75
Forfeited	(136)	17.42
Outstanding at December 31, 2024	7,007	$	17.43

(1)The settlement terms of 2.8 million stock-settled RSUs were modified from settlement in AAG common stock to settlement in cash. See table above for further discussion.

American Airlines, Inc.

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Stock-Settled RSU Award and CRSU Activity

Stock-settled RSU award activity for all plans for the years ended December 31, 2024, 2023 and 2022 is as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
	(In thousands)
Outstanding at December 31, 2021	9,401	$	20.17
Granted	5,882	15.93
Vested and released	(4,131)	21.04
Forfeited	(889)	18.04
Outstanding at December 31, 2022	10,263	$	17.51
Granted	9,834	14.54
Vested and released	(5,161)	17.81
Forfeited	(701)	20.49
Outstanding at December 31, 2023	14,235	$	15.18
Granted	2,580	15.76
Modified (1)	(2,809)	16.18
Vested and released	(4,833)	15.91
Forfeited	(827)	15.83
Outstanding at December 31, 2024	8,346	$	15.59

CRSU award activity for all plans for the year ended December 31, 2024 is as follows:


	Number of Shares	Weighted Average Fair Value
	(In thousands)
Outstanding at December 31, 2023	37	$	13.74
Granted	5,634	17.43
Modified (1)	2,809	16.18
Vested and released	(1,337)	14.75
Forfeited	(136)	17.42
Outstanding at December 31, 2024	7,007	$	17.43

(1)The settlement terms of 2.8 million stock-settled RSUs were modified from settlement in AAG common stock to settlement in cash. See table above for further discussion.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Fair Value Measurements - Summary of Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	$ 6,180	$ 7,000
Restricted short-term investments, noncurrent	155	218
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	6,180	7,000
Restricted cash and short-term investments	732	910
Long-term investments	161	163
Total	7,073	8,073
Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	680	818
Restricted cash and short-term investments	442	459
Long-term investments	161	163
Total	1,283	1,440
Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	5,500	6,182
Restricted cash and short-term investments	290	451
Long-term investments	0	0
Total	5,790	6,633
Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Restricted cash and short-term investments	0	0
Long-term investments	0	0
Total	0	0
Recurring \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	680	818
Recurring \| Money market funds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	680	818
Recurring \| Money market funds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Recurring \| Money market funds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Recurring \| Corporate obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,909	4,046
Recurring \| Corporate obligations \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Recurring \| Corporate obligations \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,909	4,046
Recurring \| Corporate obligations \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Recurring \| Bank notes/certificates of deposit/time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,041	1,586
Recurring \| Bank notes/certificates of deposit/time deposits \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Recurring \| Bank notes/certificates of deposit/time deposits \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,041	1,586
Recurring \| Bank notes/certificates of deposit/time deposits \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Recurring \| Repurchase agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	550	450
Recurring \| Repurchase agreements \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Recurring \| Repurchase agreements \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	550	450
Recurring \| Repurchase agreements \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Recurring \| U.S. government and agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments		100
Recurring \| U.S. government and agency obligations \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments		0
Recurring \| U.S. government and agency obligations \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments		100
Recurring \| U.S. government and agency obligations \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments		0
American Airlines, Inc.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	6,177	6,998
Restricted short-term investments, noncurrent	155	218
American Airlines, Inc. \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	6,177	6,998
Restricted cash and short-term investments	732	910
Long-term investments	161	163
Total	7,070	8,071
American Airlines, Inc. \| Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	678	817
Restricted cash and short-term investments	442	459
Long-term investments	161	163
Total	1,281	1,439
American Airlines, Inc. \| Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	5,499	6,181
Restricted cash and short-term investments	290	451
Long-term investments	0	0
Total	5,789	6,632
American Airlines, Inc. \| Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Restricted cash and short-term investments	0	0
Long-term investments	0	0
Total	0	0
American Airlines, Inc. \| Recurring \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	678	817
American Airlines, Inc. \| Recurring \| Money market funds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	678	817
American Airlines, Inc. \| Recurring \| Money market funds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
American Airlines, Inc. \| Recurring \| Money market funds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
American Airlines, Inc. \| Recurring \| Corporate obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,909	4,046
American Airlines, Inc. \| Recurring \| Corporate obligations \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
American Airlines, Inc. \| Recurring \| Corporate obligations \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,909	4,046
American Airlines, Inc. \| Recurring \| Corporate obligations \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
American Airlines, Inc. \| Recurring \| Bank notes/certificates of deposit/time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,040	1,585
American Airlines, Inc. \| Recurring \| Bank notes/certificates of deposit/time deposits \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
American Airlines, Inc. \| Recurring \| Bank notes/certificates of deposit/time deposits \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,040	1,585
American Airlines, Inc. \| Recurring \| Bank notes/certificates of deposit/time deposits \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
American Airlines, Inc. \| Recurring \| Repurchase agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	550	450
American Airlines, Inc. \| Recurring \| Repurchase agreements \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
American Airlines, Inc. \| Recurring \| Repurchase agreements \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	550	450
American Airlines, Inc. \| Recurring \| Repurchase agreements \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	$ 0	0
American Airlines, Inc. \| Recurring \| U.S. government and agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments		100
American Airlines, Inc. \| Recurring \| U.S. government and agency obligations \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments		0
American Airlines, Inc. \| Recurring \| U.S. government and agency obligations \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments		100
American Airlines, Inc. \| Recurring \| U.S. government and agency obligations \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments		$ 0

Employee Benefit Plans - Schedule of Allocation of Plan Assets (Details)	Dec. 31, 2024
Equity
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	56.00%
Equity \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	30.00%
Equity \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	85.00%
U.S. Large
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	18.00%
U.S. Large \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	10.00%
U.S. Large \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	40.00%
U.S. Small/Mid
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	4.00%
U.S. Small/Mid \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	0.00%
U.S. Small/Mid \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	10.00%
International Large
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	11.50%
International Large \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	5.00%
International Large \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	25.00%
International Small/Mid
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	2.50%
International Small/Mid \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	0.00%
International Small/Mid \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	10.00%
Emerging Markets
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	5.00%
Emerging Markets \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	0.00%
Emerging Markets \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	15.00%
Private Equity
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	15.00%
Private Equity \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	5.00%
Private Equity \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	30.00%
Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	44.00%
Fixed Income \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	15.00%
Fixed Income \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	70.00%
Public U.S. Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	35.00%
Public U.S. Fixed Income \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	15.00%
Public U.S. Fixed Income \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	60.00%
Private Income
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	9.00%
Private Income \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	0.00%
Private Income \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	20.00%
Other
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	0.00%
Other \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	0.00%
Other \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	5.00%
Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	0.00%
Cash Equivalents \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	0.00%
Cash Equivalents \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	20.00%
American Airlines, Inc. \| Equity
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	56.00%
American Airlines, Inc. \| Equity \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	30.00%
American Airlines, Inc. \| Equity \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	85.00%
American Airlines, Inc. \| U.S. Large
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	18.00%
American Airlines, Inc. \| U.S. Large \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	10.00%
American Airlines, Inc. \| U.S. Large \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	40.00%
American Airlines, Inc. \| U.S. Small/Mid
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	4.00%
American Airlines, Inc. \| U.S. Small/Mid \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	0.00%
American Airlines, Inc. \| U.S. Small/Mid \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	10.00%
American Airlines, Inc. \| International Large
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	11.50%
American Airlines, Inc. \| International Large \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	5.00%
American Airlines, Inc. \| International Large \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	25.00%
American Airlines, Inc. \| International Small/Mid
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	2.50%
American Airlines, Inc. \| International Small/Mid \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	0.00%
American Airlines, Inc. \| International Small/Mid \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	10.00%
American Airlines, Inc. \| Emerging Markets
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	5.00%
American Airlines, Inc. \| Emerging Markets \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	0.00%
American Airlines, Inc. \| Emerging Markets \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	15.00%
American Airlines, Inc. \| Private Equity
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	15.00%
American Airlines, Inc. \| Private Equity \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	5.00%
American Airlines, Inc. \| Private Equity \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	30.00%
American Airlines, Inc. \| Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	44.00%
American Airlines, Inc. \| Fixed Income \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	15.00%
American Airlines, Inc. \| Fixed Income \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	70.00%
American Airlines, Inc. \| Public U.S. Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	35.00%
American Airlines, Inc. \| Public U.S. Fixed Income \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	15.00%
American Airlines, Inc. \| Public U.S. Fixed Income \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	60.00%
American Airlines, Inc. \| Private Income
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	9.00%
American Airlines, Inc. \| Private Income \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	0.00%
American Airlines, Inc. \| Private Income \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	20.00%
American Airlines, Inc. \| Other
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	0.00%
American Airlines, Inc. \| Other \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	0.00%
American Airlines, Inc. \| Other \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	5.00%
American Airlines, Inc. \| Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	0.00%
American Airlines, Inc. \| Cash Equivalents \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	0.00%
American Airlines, Inc. \| Cash Equivalents \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Strategic target asset allocation	20.00%