Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Taxes [Line Items]

Components of Income Tax Provision

The significant components of the income tax provision were (in millions):

	Year Ended December 31,
	2024		2023		2022
Current income tax benefit:
State, local and foreign	$	—	$	—	$	(6)
Deferred income tax provision:
Federal	285		268		59
State and local	23		31		6
Deferred income tax provision	308		299		65
Total income tax provision	$	308	$	299	$	59

Reconciliation of Income Tax Provision

The income tax provision differed from amounts computed at the statutory federal income tax rate as follows (in millions):

	Year Ended December 31,
	2024		2023		2022
Statutory income tax provision	$	242	$	235	$	39
State, local and foreign income tax provision, net of federal tax effect	21		22		—
Book expenses not deductible for tax purposes	44		38		22
Change in valuation allowance	—		3		—
Other, net	1		1		(2)
Income tax provision	$	308	$	299	$	59

Deferred Tax Assets and Liabilities

The components of our deferred tax assets and liabilities were (in millions):

	December 31,
	2024		2023
Deferred tax assets:
Net operating loss and other carryforwards	$	4,292	$	4,238
Loyalty program liability	1,799		1,774
Leases	1,596		1,758
Pension benefits	234		434
Postretirement benefits other than pension benefits	270		274
Rent expense	60		84
Other	775		902
Total deferred tax assets	9,026		9,464
Valuation allowance	(22)		(22)
Net deferred tax assets	9,004		9,442
Deferred tax liabilities:
Accelerated depreciation and amortization	(4,620)		(4,503)
Leases	(1,656)		(1,798)
Other	(252)		(262)
Total deferred tax liabilities	(6,528)		(6,563)
Net deferred tax asset	$	2,476	$	2,879

American Airlines, Inc.

Income Taxes [Line Items]

Components of Income Tax Provision

The significant components of the income tax provision were (in millions):

	Year Ended December 31,
	2024		2023		2022
Current income tax benefit:
State, local and foreign	$	—	$	—	$	(6)
Deferred income tax provision:
Federal	391		361		112
State and local	35		33		10
Deferred income tax provision	426		394		122
Total income tax provision	$	426	$	394	$	116

Reconciliation of Income Tax Provision

The income tax provision differed from amounts computed at the statutory federal income tax rate as follows (in millions):

	Year Ended December 31,
	2024		2023		2022
Statutory income tax provision	$	354	$	332	$	95
State, local and foreign income tax provision, net of federal tax effect	30		25		3
Book expenses not deductible for tax purposes	40		35		20
Change in valuation allowance	—		3		—
Other, net	2		(1)		(2)
Income tax provision	$	426	$	394	$	116

Deferred Tax Assets and Liabilities

The components of American’s deferred tax assets and liabilities were (in millions):

	December 31,
	2024		2023
Deferred tax assets:
Net operating loss and other carryforwards	$	3,891	$	3,960
Loyalty program liability	1,799		1,774
Leases	1,582		1,746
Pension benefits	228		428
Postretirement benefits other than pension benefits	270		273
Rent expense	59		84
Other	726		846
Total deferred tax assets	8,555		9,111
Valuation allowance	(12)		(12)
Net deferred tax assets	8,543		9,099
Deferred tax liabilities:
Accelerated depreciation and amortization	(4,599)		(4,479)
Leases	(1,642)		(1,786)
Other	(244)		(254)
Total deferred tax liabilities	(6,485)		(6,519)
Net deferred tax asset	$	2,058	$	2,580