Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

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

	Fair Value Measurements as of September 30, 2013
Description	Total		Level 1		Level 2		Level 3
Short-term investments (1)(2)
Money market funds	$	543	$	543	$	—	$	—
Government agency investments	1,136		—		1,136		—
Repurchase investments	209		—		209		—
Corporate obligations	3,448		—		3,448		—
Bank notes / Certificates of deposit / Time deposits	707		—		707		—
	6,043		543		5,500		—
Restricted cash and short-term investments (1)	935		879		56		—
Fuel derivative contracts, net (1)	58		—		58		—
Total	$	7,036	$	1,422	$	5,614	$	—

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

(2) The Company’s short-term investments mature in one year or less except for $450 million of Bank notes, $635 million of U.S. Government obligations and $1.6 billion of Corporate obligations which have maturity dates exceeding one year.

Components Of Long-Term Debt

The carrying value and estimated fair values of the Company’s long-term debt, including current maturities, not classified as subject to compromise, were (in millions):

	September 30, 2013				December 31, 2012
	Carrying Value		Fair Value		Carrying Value		Fair Value
Secured variable and fixed rate indebtedness	$	2,625	$	2,570	$	3,297	$	3,143
Enhanced equipment trust certificates	2,747		2,725		1,741		1,811
6.0%—8.5% special facility revenue bonds	1,288		1,368		1,313		1,308
7.50% senior secured notes	1,000		1,190		1,000		1,074
Senior secured credit facility due 2019 (rate of 4.75% at September 30, 2013)	1,886		1,872		—		—
AAdvantage Miles advance purchase	652		658		772		779
Other	28		28		27		27
	$	10,226	$	10,411	$	8,150	$	8,142

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

	September 30, 2013				December 31, 2012
	Carrying Value		Fair Value		Carrying Value		Fair Value
Secured variable and fixed rate indebtedness	$	103	$	107	$	172	$	154
6.0%—8.5% special facility revenue bonds	186		176		186		186
	$	289	$	283	$	358	$	340