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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Changes in Projected 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 a statement of funded status as of December 31, 2022 and 2021:
 Pension BenefitsRetiree Medical and 
Other Postretirement Benefits
 2022202120222021
 (In millions)
Benefit obligation at beginning of period$18,910 $19,812 $1,098 $1,046 
Service cost3 4 16 12 
Interest cost556 526 30 30 
Actuarial gain (1), (2)
(4,563)(609)(167)(57)
Special termination benefits (3)
— — — 139 
Other— (1)3 — 
Benefit payments(869)(822)(74)(72)
Benefit obligation at end of period$14,037 $18,910 $906 $1,098 
Fair value of plan assets at beginning of period$14,691 $13,557 $167 $170 
Actual return (loss) on plan assets(1,943)1,710 (18)21 
Employer contributions (4)
5 247 58 48 
Settlements— (1)— — 
Benefit payments(869)(822)(74)(72)
Fair value of plan assets at end of period$11,884 $14,691 $133 $167 
Funded status at end of period$(2,153)$(4,219)$(773)$(931)
(1)The 2022 and 2021 pension actuarial gain primarily relates to the change in our weighted average discount rate assumption.
(2)The 2022 and 2021 retiree medical and other postretirement benefits actuarial gain primarily relates to the change in our weighted average discount rate assumption and, in 2021, plan experience adjustments.
(3)During the first quarter of 2021, we remeasured our retiree medical and other postretirement benefits to account for enhanced healthcare benefits provided to eligible team members who opted into voluntary early retirement programs offered as a result of reductions to our operation due to the COVID-19 pandemic. As a result, during 2021, we recognized a $139 million special charge for these enhanced healthcare benefits and increased our postretirement benefits obligation by $139 million.
(4)In January 2021, we made $241 million in contributions to our pension plans, including a contribution of $130 million for the 2020 calendar year that was permitted to be deferred to January 4, 2021 as provided under the CARES Act.
Schedule of Amounts Recognized in Consolidated Balance Sheets
Balance Sheet Position
 Pension BenefitsRetiree Medical and 
Other Postretirement Benefits
 2022202120222021
 (In millions)
As of December 31,
Current liability$4 $7 $85 $90 
Noncurrent liability2,149 4,212 688 841 
Total liabilities$2,153 $4,219 $773 $931 
Schedule of Amounts Recognized in Other Comprehensive Income
Pension BenefitsRetiree Medical and 
Other Postretirement Benefits
2022202120222021
(In millions)
Net actuarial loss (gain)$3,613 $5,252 $(505)$(396)
Prior service cost (benefit)18 47 (148)(167)
Total accumulated other comprehensive loss (income), pre-tax
$3,631 $5,299 $(653)$(563)
Schedule of Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets
Plans with Projected Benefit Obligations Exceeding Fair Value of Plan Assets
 Pension Benefits
 20222021
 (In millions)
Projected benefit obligation$14,037 $18,910 
Fair value of plan assets11,884 14,691 
Plans with Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets
 Pension BenefitsRetiree Medical and 
Other Postretirement Benefits
 2022202120222021
 (In millions)
Accumulated benefit obligation$14,030 $18,899 $— $— 
Accumulated postretirement benefit obligation
— — 906 1,098 
Fair value of plan assets11,884 14,691 133 167 
Components of Net Periodic Benefit Cost (Income)
Net Periodic Benefit Cost (Income)
 Pension BenefitsRetiree Medical and
Other Postretirement Benefits
 202220212020202220212020
 (In millions)
Defined benefit plans:
Service cost$3 $4 $2 $16 $12 $8 
Interest cost556 526 615 30 30 30 
Expected return on assets(1,138)(1,084)(1,010)(12)(12)(11)
Special termination benefits— — — — 139 410 
Settlements— — 12 — — — 
Amortization of:
Prior service cost (benefit)28 28 30 (14)(13)(135)
Unrecognized net loss (gain)156 212 164 (30)(24)(24)
Net periodic benefit cost (income)$(395)$(314)$(187)$(10)$132 $278 
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 BenefitsRetiree Medical and
Other Postretirement Benefits
 2022202120222021
Benefit obligations:
Weighted average discount rate5.6%3.0%5.7%2.8%
 Pension BenefitsRetiree Medical and
Other Postretirement Benefits
 202220212020202220212020
Net periodic benefit cost (income):
Weighted average discount rate3.0%2.7%3.4%2.8%2.4%3.2%
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/AN/AN/A5.8%4.8%4.0%
(1)The weighted average health care cost trend rate at December 31, 2022 is assumed to decline gradually to 4.4% by 2029 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):
202320242025202620272028-2032
Pension benefits$920 $949 $978 $1,003 $1,024 $5,264 
Retiree medical and other postretirement benefits102 100 98 97 95 428 
Schedule of Allocation of Plan Assets The current strategic target asset allocation is as follows:
Asset Class/Sub-ClassAllowed Range
Equity
45% - 80%
Public:
U.S. Large
10% - 40%
U.S. Small/Mid
2% - 10%
International
10% - 25%
International Small/Mid
0% - 10%
Emerging Markets
2% - 15%
Private Equity
5% - 30%
Fixed Income
20% - 55%
Public:
U.S. Long Duration
15% - 45%
High Yield and Emerging Markets
0% - 10%
Private Income
0% - 15%
Other
0% - 5%
Cash Equivalents
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, 2022 and 2021, were as follows (in millions):
20222021
Balance at beginning of year$58 $17 
Actual gain on plan assets:
Relating to assets still held at the reporting date1 10 
Purchases29 32 
Sales(9)(1)
Transfers out(4)— 
Balance at end of year$75 $58 
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, 2022 and 2021, by asset category, were as follows (in millions) (1):
 December 31, 2022December 31, 2021
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Equity (2)
$3,097 $— $— $3,097 $4,639 $2 $4 $4,645 
Fixed income (3)
227 2,917 — 3,144 183 3,994 — 4,177 
Other (4)
74 278 75 427 134 340 54 528 
Measured at NAV (5):
Common collective trusts (6)
— — — 1,694 — — — 2,514 
Private investments (7)
— — — 3,522 — — — 2,827 
Total plan assets$3,398 $3,195 $75 $11,884 $4,956 $4,336 $58 $14,691 
(1)See Note 7 for a description of the levels within the fair value hierarchy.
(2)Equity investments include domestic and international common stock, preferred stock, mutual funds and exchange traded funds invested in equity securities.
(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, cash and cash equivalents, and net receivables and payables of the master trust for dividends, interest and amounts due to or from the sale and purchase of 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.
(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, 2022, the pension plan’s master trust has future funding commitments to these limited partnerships of approximately $1.5 billion over the next five years.
American Airlines, Inc.  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Changes in Projected 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 a statement of funded status as of December 31, 2022 and 2021:
 Pension BenefitsRetiree Medical and
Other Postretirement Benefits
 2022202120222021
 (In millions)
Benefit obligation at beginning of period$18,791 $19,690 $1,098 $1,046 
Service cost3 3 16 12 
Interest cost552 523 30 30 
Actuarial gain (1), (2)
(4,534)(606)(167)(57)
Special termination benefits (3)
— — — 139 
Other— (1)3 — 
Benefit payments(864)(818)(74)(72)
Benefit obligation at end of period$13,948 $18,791 $906 $1,098 
Fair value of plan assets at beginning of period$14,605 $13,477 $167 $170 
Actual return (loss) on plan assets(1,924)1,700 (18)21 
Employer contributions (4)
4 247 58 48 
Settlements— (1)— — 
Benefit payments(864)(818)(74)(72)
Fair value of plan assets at end of period$11,821 $14,605 $133 $167 
Funded status at end of period$(2,127)$(4,186)$(773)$(931)
(1)The 2022 and 2021 pension actuarial gain primarily relates to the change in American’s weighted average discount rate assumption.
(2)The 2022 and 2021 retiree medical and other postretirement benefits actuarial gain primarily relates to the change in American’s weighted average discount rate assumption and, in 2021, plan experience adjustments.
(3)During the first quarter of 2021, American remeasured its retiree medical and other postretirement benefits to account for enhanced healthcare benefits provided to eligible team members who opted into voluntary early retirement programs offered as a result of reductions to its operation due to the COVID-19 pandemic. As a result, during 2021, American recognized a $139 million special charge for these enhanced healthcare benefits and increased its postretirement benefits obligation by $139 million.
(4)In January 2021, American made $241 million in contributions to its pension plans, including a contribution of $130 million for the 2020 calendar year that was permitted to be deferred to January 4, 2021 as provided under the CARES Act.
Schedule of Amounts Recognized in Consolidated Balance Sheets
 Pension BenefitsRetiree Medical and
Other Postretirement Benefits
 2022202120222021
 (In millions)
As of December 31,
Current liability$4 $7 $85 $90 
Noncurrent liability2,123 4,179 688 841 
Total liabilities$2,127 $4,186 $773 $931 
Schedule of Amounts Recognized in Other Comprehensive Income
Pension BenefitsRetiree Medical and 
Other Postretirement Benefits
2022202120222021
(In millions)
Net actuarial loss (gain)$3,609 $5,241 $(505)$(396)
Prior service cost (benefit)18 46 (148)(167)
Total accumulated other comprehensive loss (income), pre-tax
$3,627 $5,287 $(653)$(563)
Schedule of Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets
Plans with Projected Benefit Obligations Exceeding Fair Value of Plan Assets
 Pension Benefits
 20222021
 (In millions)
Projected benefit obligation$13,948 $18,791 
Fair value of plan assets11,821 14,605 
Plans with Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets
 Pension BenefitsRetiree Medical and
Other Postretirement Benefits
 2022202120222021
 (In millions)
Accumulated benefit obligation$13,941 $18,782 $— $— 
Accumulated postretirement benefit obligation
— — 906 1,098 
Fair value of plan assets11,821 14,605 133 167 
Components of Net Periodic Benefit Cost (Income)
 Pension BenefitsRetiree Medical and
  Other Postretirement Benefits  
 202220212020202220212020
 (In millions)
Defined benefit plans:
Service cost$3 $3 $2 $16 $12 $8 
Interest cost552 523 611 30 30 30 
Expected return on assets(1,133)(1,078)(1,005)(12)(12)(11)
Special termination benefits— — — — 139 410 
Settlements— — 12 — — — 
Amortization of:
Prior service cost (benefit)28 28 29 (14)(13)(135)
Unrecognized net loss (gain)156 211 164 (30)(24)(24)
Net periodic benefit cost (income)$(394)$(313)$(187)$(10)$132 $278 
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 BenefitsRetiree Medical and
Other Postretirement Benefits
 2022202120222021
Benefit obligations:
Weighted average discount rate5.6%3.0%5.7%2.8%
 Pension BenefitsRetiree Medical and
Other Postretirement Benefits
 202220212020202220212020
Net periodic benefit cost (income):
Weighted average discount rate3.0%2.7%3.4%2.8%2.4%3.2%
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/AN/AN/A5.8%4.8%4.0%
(1)The weighted average health care cost trend rate at December 31, 2022 is assumed to decline gradually to 4.4% by 2029 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):
202320242025202620272028-2032
Pension benefits$915 $944 $973 $997 $1,018 $5,233 
Retiree medical and other postretirement benefits102 100 98 97 95 428 
Schedule of Allocation of Plan Assets The current strategic target asset allocation is as follows:
Asset Class/Sub-ClassAllowed Range
Equity
45% - 80%
Public:
U.S. Large
10% - 40%
U.S. Small/Mid
2% - 10%
International
10% - 25%
International Small/Mid
0% - 10%
Emerging Markets
2% - 15%
Private Equity
5% - 30%
Fixed Income
20% - 55%
Public:
U.S. Long Duration
15% - 45%
High Yield and Emerging Markets
0% - 10%
Private Income
0% - 15%
Other
0% - 5%
Cash Equivalents
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, 2022 and 2021, were as follows (in millions):
20222021
Balance at beginning of year$58 $17 
Actual gain on plan assets:
Relating to assets still held at the reporting date1 10 
Purchases29 32 
Sales(9)(1)
Transfers out(4)— 
Balance at end of year$75 $58 
American Airlines, Inc. | Pension Benefits  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Allocation of Plan Assets
The fair value of American’s pension plan assets at December 31, 2022 and 2021, by asset category, were as follows (in millions) (1):
December 31, 2022December 31, 2021
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Equity (2)
$3,055 $— $— $3,055 $4,583 $2 $4 $4,589 
Fixed income (3)
206 2,917 — 3,123 153 3,994 — 4,147 
Other (4)
74 278 75 427 134 340 54 528 
Measured at NAV (5):
Common collective trusts (6)
— — — 1,694 — — — 2,514 
Private investments (7)
— — — 3,522 — — — 2,827 
Total plan assets$3,335 $3,195 $75 $11,821 $4,870 $4,336 $58 $14,605 
(1)See Note 6 for a description of the levels within the fair value hierarchy.
(2)Equity investments include domestic and international common stock, preferred stock and exchange traded funds invested in equity securities.
(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, cash and cash equivalents, and net receivables and payables of the master trust for dividends, interest and amounts due to or from the sale and purchase of 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.
(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, 2022, the pension plan’s master trust has future funding commitments to these limited partnerships of approximately $1.5 billion over the next five years.