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Special Items, Net
 6 Months Ended
Jun. 30, 2022
Restructuring Cost and Reserve [Line Items]  
Special Items, Net Special Items, Net
Special items, net in the condensed consolidated statements of operations consisted of the following (in millions):
 Three Months Ended June 30,Six Months Ended June 30,
 2022202120222021
Fleet impairment (1)
$— $— $149 $— 
PSP Financial Assistance (2)
— (1,288)— (3,170)
Severance expenses (3)
— — — 168 
Mark-to-market adjustments on bankruptcy obligations, net— — — 6 
Other operating special items, net(5)— 3 — 
Mainline operating special items, net(5)(1,288)152 (2,996)
PSP Financial Assistance (2)
— (167)— (410)
Fleet impairment (1)
— — — 27 
Severance expenses (3)
— — — 2 
Regional operating special items, net— (167)— (381)
Operating special items, net(5)(1,455)152 (3,377)
Mark-to-market adjustments on equity and other investments, net (4)
89 37 90 (13)
Debt refinancing, extinguishment and other, net— — 2 26 
Nonoperating special items, net89 37 92 13 
Income tax special items, net(9)— (9)— 
(1)Fleet impairment for the six months ended June 30, 2022 included a non-cash impairment charge to write down the carrying value of our retired Airbus A330 fleet to the estimated fair value due to current market conditions for certain used aircraft. 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.
Fleet impairment for the six months ended June 30, 2021 included a non-cash impairment charge to write down regional aircraft resulting from the retirement of the remaining Embraer 140 fleet earlier than planned.
(2)The PSP Financial Assistance represents recognition of a portion of the financial assistance received from the U.S. Department of Treasury (Treasury) pursuant to the payroll support program established under the PSP Extension Law (PSP2) and the American Rescue Plan Act of 2021 (ARP) (PSP3).
(3)Severance expenses include salary and medical costs primarily associated with certain team members who opted into voluntary early retirement programs offered as a result of reductions to our operation due to the COVID-19 pandemic. Cash payments related to our voluntary early retirement programs for the three and six months ended June 30, 2022 were approximately $50 million and $140 million, respectively, and approximately $120 million and $290 million for the three and six months ended June 30, 2021, respectively.
(4)Mark-to-market adjustments on equity and other investments, net principally included net unrealized gains and losses associated with our equity investments in GOL Linhas Aéreas Inteligentes S.A. (GOL), Vertical Aerospace Ltd. (Vertical) and China Southern Airlines Company Limited (China Southern Airlines)
American Airlines, Inc.  
Restructuring Cost and Reserve [Line Items]  
Special Items, Net Special Items, Net
Special items, net in the condensed consolidated statements of operations consisted of the following (in millions):
 Three Months Ended June 30,Six Months Ended June 30,
 2022202120222021
Fleet impairment (1)
$— $— $149 $— 
PSP Financial Assistance (2)
— (1,288)— (3,170)
Severance expenses (3)
— — — 168 
Mark-to-market adjustments on bankruptcy obligations, net— — — 6 
Other operating special items, net (5)— 3 — 
Mainline operating special items, net(5)(1,288)152 (2,996)
PSP Financial Assistance (2)
— (167)— (410)
Fleet impairment (1)
— — — 27 
Regional operating special items, net— (167)— (383)
Operating special items, net(5)(1,455)152 (3,379)
Mark-to-market adjustments on equity and other investments, net (4)
89 37 90 (13)
Debt refinancing, extinguishment and other, net— — — 26 
Nonoperating special items, net89 37 90 13 
Income tax special items, net(9)— (9)— 
(1)Fleet impairment for the six months ended June 30, 2022 included a non-cash impairment charge to write down the carrying value of American's retired Airbus A330 fleet to the estimated fair value due to current market conditions for certain used aircraft. 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.
Fleet impairment for the six months ended June 30, 2021 included a non-cash impairment charge to write down regional aircraft resulting from the retirement of the remaining Embraer 140 fleet earlier than planned.
(2)The PSP Financial Assistance represents recognition of a portion of the financial assistance received from the U.S. Department of Treasury pursuant to the payroll support program established under the PSP Extension Law (PSP2) and the American Rescue Plan Act of 2021 (ARP) (PSP3).
(3)Severance expenses include salary and medical costs primarily associated with certain team members who opted into voluntary early retirement programs offered as a result of reductions to American's operation due to the COVID-19 pandemic. Cash payments related to American's voluntary early retirement programs for the three and six months ended June 30, 2022 were approximately $50 million and $140 million, respectively, and approximately $120 million and $290 million for the three and six months ended June 30, 2021, respectively.
(4)Mark-to-market adjustments on equity and other investments, net principally included net unrealized gains and losses associated with American's equity investments in GOL Linhas Aéreas Inteligentes S.A. (GOL), Vertical Aerospace Ltd. (Vertical) and China Southern Airlines Company Limited (China Southern Airlines)