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Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt Instrument [Line Items]  
Schedule of Long-Term Debt
Long-term debt included on our consolidated balance sheets consisted of (in millions):
 December 31,
 20242023
Secured
2013 Term Loan Facility, variable interest rate of 6.65%, installments until due in February 2028 (a)
$980 $990 
2014 Term Loan Facility, variable interest rate of 6.17%, installments until due in January 2027 (a)
1,171 1,183 
2023 Term Loan Facility, variable interest rate of 6.96%, installments until due in June 2029 (a)
1,089 1,100 
10.75% senior secured IP notes, interest and principal payments due through February 2026 (b)
781 1,000 
10.75% senior secured LGA/DCA notes, interest and principal payments due through February 2026 (b)
156 200 
7.25% senior secured notes, interest only payments until due in February 2028 (b)
750 750 
8.50% senior secured notes, interest only payments until due in May 2029 (b)
1,000 1,000 
5.50% senior secured notes, installments until due in April 2026 (c)
1,750 2,917 
5.75% senior secured notes, installments beginning in July 2026 until due in April 2029 (c)
3,000 3,000 
AAdvantage Term Loan Facility, variable interest rate of 9.63%, installments until due in April 2028 (c)
2,450 3,150 
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 2.88% to 7.15%, averaging 3.84%, maturing from 2025 to 2034 (d)
7,271 7,657 
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.55% to 7.25%, averaging 6.17%, maturing from 2025 to 2036 (e)
4,094 3,612 
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036
880 967 
25,372 27,526 
Unsecured
PSP1 Promissory Note, interest only payments until due in April 2030 (f)
1,757 1,757 
PSP2 Promissory Note, interest only payments until due in January 2031 (f)
1,030 1,030 
PSP3 Promissory Note, interest only payments until due in April 2031 (f)
959 959 
6.50% convertible senior notes, interest only payments until due in July 2025 (g)
1,000 1,000 
3.75% senior notes, interest only payments until due in March 2025 (h)
— 487 
4,746 5,233 
Total long-term debt 30,118 32,759 
Less: Total unamortized debt discount, premium and issuance costs305 363 
Less: Current maturities5,196 3,501 
Long-term debt, net of current maturities$24,617 $28,895 
Schedule of Credit Facilities
As of December 31, 2024, the maximum availability under our revolving credit and other facilities is as follows (in millions):
2013 Revolving Facility$500 
2014 Revolving Facility1,500 
2023 Revolving Facility890 
Other facilities399 
Total$3,289 
Schedule of Maturities of Long-Term Debt and Capital Lease Obligations
At December 31, 2024, the maturities of long-term debt are as follows (in millions):
2025$5,196 
20264,201 
20274,983 
20285,304 
20293,890 
2030 and thereafter6,544 
Total$30,118 
Schedule of Convertible Debt
The following table provides information relating to the Convertible Notes as of December 31, 2024 and 2023 (in millions):
 December 31,
 20242023
Principal amount$1,000 $1,000 
Unamortized debt discount(3)(10)
Net carrying amount$997 $990 
Interest recognized for the Convertible Notes is as follows (in millions):
Year Ended December 31,
 202420232022
Contractual coupon interest$65 $65 $65 
Non-cash amortization of debt discount
Total interest expense$72 $71 $71 
Schedule of Collateral Coverage Tests
Specifically, we are required to meet certain collateral coverage tests for our Credit Facilities, 7.25% Senior Secured Notes, 8.50% Senior Secured Notes and 10.75% Senior Secured Notes, as described below:
2013 Credit 
Facilities
7.25% Senior Secured Notes
2014 Credit 
Facilities
2023 Credit Facilities
8.50% Senior Secured Notes
10.75% Senior Secured Notes
LTV Requirement
1.6x Collateral valuation to amount of debt outstanding (62.5% LTV)
LTV as of Last Measurement Date35.0%15.8%24.7%5.2%
Frequency of Appraisals of Appraised CollateralSemi-AnnualAnnual
Collateral DescriptionGenerally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and South America and New ZealandGenerally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and European Union (including London Heathrow)Generally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and Australia, Canada, the Caribbean, Central America, China, Hong Kong, Japan, Mexico, South Korea and SwitzerlandGenerally, certain DCA slots, certain LGA slots, certain simulators and certain leasehold rights and, in the case of the IP Notes, certain intellectual property of American
American Airlines, Inc.  
Debt Instrument [Line Items]  
Schedule of Long-Term Debt
Long-term debt included on American’s consolidated balance sheets consisted of (in millions):
 December 31,
 20242023
Secured
2013 Term Loan Facility, variable interest rate of 6.65%, installments until due in February 2028 (a)
$980 $990 
2014 Term Loan Facility, variable interest rate of 6.17%, installments until due in January 2027 (a)
1,171 1,183 
2023 Term Loan Facility, variable interest rate of 6.96%, installments until due in June 2029 (a)
1,089 1,100 
10.75% senior secured IP notes, interest and principal payments due through February 2026 (b)
781 1,000 
10.75% senior secured LGA/DCA notes, interest and principal payments due through February 2026 (b)
156 200 
7.25% senior secured notes, interest only payments until due in February 2028 (b)
750 750 
8.50% senior secured notes, interest only payments until due in May 2029 (b)
1,000 1,000 
5.50% senior secured notes, installments until due in April 2026 (c)
1,750 2,917 
5.75% senior secured notes, installments beginning in July 2026 until due in April 2029 (c)
3,000 3,000 
AAdvantage Term Loan Facility, variable interest rate of 9.63%, installments until due in April 2028 (c)
2,450 3,150 
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 2.88% to 7.15%, averaging 3.84%, maturing from 2025 to 2034 (d)
7,271 7,657 
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.55% to 7.25%, averaging 6.17%, maturing from 2025 to 2036 (e)
4,094 3,612 
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036
880 967 
Total long-term debt 25,372 27,526 
Less: Total unamortized debt discount, premium and issuance costs300 349 
Less: Current maturities4,196 3,501 
Long-term debt, net of current maturities$20,876 $23,676 
Schedule of Credit Facilities
As of December 31, 2024, the maximum availability under American’s revolving credit and other facilities is as follows (in millions):
2013 Revolving Facility$500 
2014 Revolving Facility1,500 
2023 Revolving Facility890 
Other facilities399 
Total$3,289 
Schedule of Maturities of Long-Term Debt and Capital Lease Obligations
At December 31, 2024, the maturities of long-term debt are as follows (in millions):
2025$4,196 
20264,201 
20274,983 
20285,304 
20293,890 
2030 and thereafter2,798 
Total$25,372 
Schedule of Collateral Coverage Tests
Specifically, American is required to meet certain collateral coverage tests for its Credit Facilities, 7.25% Senior Secured Notes, 8.50% Senior Secured Notes and 10.75% Senior Secured Notes, as described below:
2013 Credit Facilities
7.25% Senior Secured Notes
2014 Credit Facilities2023 Credit Facilities
8.50% Senior Secured Notes
10.75% Senior Secured Notes
LTV Requirement
1.6x Collateral valuation to amount of debt outstanding (62.5% LTV)
LTV as of Last Measurement Date35.0%15.8%24.7%5.2%
Frequency of Appraisals of Appraised CollateralSemi-AnnualAnnual
Collateral DescriptionGenerally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and South America and New ZealandGenerally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and European Union (including London Heathrow)Generally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and Australia, Canada, the Caribbean, Central America, China, Hong Kong, Japan, Mexico, South Korea and SwitzerlandGenerally, certain DCA slots, certain LGA slots, certain simulators and certain leasehold rights and, in the case of the IP Notes, certain intellectual property of American