Debt (Tables)

3 Months Ended

Mar. 31, 2023

Long-term debt included in the condensed consolidated balance sheets consisted of (in millions):


	March 31, 2023		December 31, 2022
Secured
2013 Term Loan Facility, variable interest rate of 8.15%, installments through 2028	$	1,000	$	1,752
2014 Term Loan Facility, variable interest rate of 6.51%, installments through 2027	1,183		1,196

11.75% senior secured notes, interest only payments until due in July 2025	2,500		2,500
10.75% senior secured IP notes, interest only payments until due in February 2026	1,000		1,000
10.75% senior secured LGA/DCA notes, interest only payments until due in February 2026	200		200
7.25% senior secured notes, interest only payments until due in February 2028	750		—
5.50% senior secured notes, installments beginning in July 2023 until due in April 2026 (1)	3,500		3,500
5.75% senior secured notes, installments beginning in July 2026 until due in April 2029 (1)	3,000		3,000
AAdvantage Term Loan Facility, variable interest rate of 9.56%, installments beginning in July 2023 through April 2028 (1)	3,500		3,500
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 2.88% to 7.13%, averaging 3.70%, maturing from 2023 to 2034	8,776		9,175
Equipment loans and other notes payable, fixed and variable interest rates ranging from 3.32% to 8.20%, averaging 6.37%, maturing from 2023 to 2035	3,150		3,170
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036	1,050		1,050
	29,609		30,043
Unsecured
PSP1 Promissory Note, interest only payments until due in April 2030	1,757		1,757
PSP2 Promissory Note, interest only payments until due in January 2031	1,030		1,030
PSP3 Promissory Note, interest only payments until due in April 2031	959		959
6.50% convertible senior notes, interest only payments until due in July 2025	1,000		1,000
3.75% senior notes, interest only payments until due in March 2025	500		500

	5,246		5,246
Total long-term debt	34,855		35,289
Less: Total unamortized debt discount, premium and issuance costs	396		386
Less: Current maturities	3,370		3,059
Long-term debt, net of current maturities	$	31,089	$	31,844

(1)Collectively referred to as the AAdvantage Financing.

Schedule of Line of Credit

As of March 31, 2023, the maximum availability under our revolving credit and other facilities is as follows (in millions):


2013 Revolving Facility	$	736
2014 Revolving Facility	1,631
April 2016 Revolving Facility	446
Other short-term facilities	64
Total	$	2,877

American Airlines, Inc.

Debt Instrument [Line Items]

Schedule of Long-Term Debt

Long-term debt included in the condensed consolidated balance sheets consisted of (in millions):


	March 31, 2023		December 31, 2022
Secured
2013 Term Loan Facility, variable interest rate of 8.15%, installments through 2028	$	1,000	$	1,752
2014 Term Loan Facility, variable interest rate of 6.51%, installments through 2027	1,183		1,196

11.75% senior secured notes, interest only payments until due in July 2025	2,500		2,500
10.75% senior secured IP notes, interest only payments until due in February 2026	1,000		1,000
10.75% senior secured LGA/DCA notes, interest only payments until due in February 2026	200		200
7.25% senior secured notes, interest only payments until due in February 2028	750		—
5.50% senior secured notes, installments beginning in July 2023 until due in April 2026 (1)	3,500		3,500
5.75% senior secured notes, installments beginning in July 2026 until due in April 2029 (1)	3,000		3,000
AAdvantage Term Loan Facility, variable interest rate of 9.56%, installments beginning in July 2023 through April 2028 (1)	3,500		3,500
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 2.88% to 7.13%, averaging 3.70%, maturing from 2023 to 2034	8,776		9,175
Equipment loans and other notes payable, fixed and variable interest rates ranging from 3.32% to 8.20%, averaging 6.37%, maturing from 2023 to 2035	3,150		3,170
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036	1,050		1,050
Total long-term debt	29,609		30,043
Less: Total unamortized debt discount, premium and issuance costs	377		364
Less: Current maturities	3,370		3,059
Long-term debt, net of current maturities	$	25,862	$	26,620

(1)Collectively referred to as the AAdvantage Financing.

Schedule of Line of Credit

As of March 31, 2023, the maximum availability under American’s revolving credit and other facilities is as follows (in millions):


2013 Revolving Facility	$	736
2014 Revolving Facility	1,631
April 2016 Revolving Facility	446
Other short-term facilities	64
Total	$	2,877