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Indebtedness (Tables)
6 Months Ended
Jun. 30, 2012
Debt Disclosure [Abstract]  
Components Of Long-Term Debt
Long-term debt classified as not subject to compromise consisted of (in millions):
 
June 30,
2012
 
December 31,
2011
Secured variable and fixed rate indebtedness due through 2023 (effective rates from 1.00% - 13.00% at June 30, 2012)
$
2,769

 
$
2,952

Enhanced equipment trust certificates due through 2021 (rates from 5.10%—10.375% at June 30, 2012)
1,869

 
1,942

6.00%—8.50% special facility revenue bonds due through 2036
1,437

 
1,436

7.50% senior secured notes due 2016
1,000

 
1,000

AAdvantage Miles advance purchase (net of discount of $110 million)
846

 
890

Other
28

 
27

 
7,949

 
8,247

Less current maturities
1,598

 
1,518

Total long-term debt, less current maturities
6,351

 
6,729

Schedule Of Maturities Of Long-Term Debt
As of June 30, 2012, maturities of long-term debt (including sinking fund requirements) for the next five years are:
Years Ending December 31
(in millions)
 
Principal Not Subject
to Compromise
 
Principal Subject
to Compromise
 
Total Principal
Amount
Remainder of 2012
 
$
1,079

 
$
97

 
$
1,176

2013
 
882

 
192

 
1,074

2014
 
744

 
305

 
1,049

2015
 
646

 
161

 
807

2016
 
1,637

 
165

 
1,802

Schedule Of Collateral Coverage Tests
 
10.5% Notes
Senior Secured Notes
2005 Spare Engine
EETC
Frequency of    
Appraisals
Semi-Annual
(April and October)
Semi-Annual
(June and December,
commencing December 2011)
Semi-Annual
(April and October)
LTV
Requirement
43%; failure to meet collateral
test requires posting of additional
collateral
 
 
1.5x Collateral valuation to
amount of debt outstanding
(67% LTV); failure to meet
collateral test results in
American paying 2% additional
interest until the ratio is at least
1.5x; additional collateral can be
posted to meet this requirement
 
 
31.6% applicable to the one
Tranche only;
failure to meet collateral test
requires posting of additional
cash collateral
LTV as of
Last
Measurement    
Date
47.5%
37.8%
31.6%
 
 
 
 
Generally, certain route authorities, take-off and landing slots, and rights to airport facilities used by American to operate certain services between the U.S. and London Heathrow, Tokyo Narita/Haneda, and China
 
 
 
Collateral
Description
143 aircraft consisting of:
87 spare aircraft engines consisting of:
Type
 
# of
Aircraft 
 
Engine/Associated Aircraft
 
# of
Engines
 
 
 
 
 
 
MD-80
 
74
JT8D-219/MD-80
 
47
B757-200
 
41
RB211-535E4B/B757-200
 
22
B767-200ER
 
3
CF6-80A/B767-200ER
 
3
B767-300ER
 
25
CF6-80C2 B6/B767-300ER
 
12
TOTAL
 
143
CF6-80C2 A5/A300
 
3
 
 
 
TOTAL
 
87