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Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Instrument [Line Items]  
Schedule of Long-Term Debt
Long-term debt included in the condensed consolidated balance sheets consisted of (in millions):
June 30, 2025December 31, 2024
Secured
2013 Term Loan Facility, variable interest rate of 6.50%, installments until due in February 2028
$970 $980 
2014 Term Loan Facility, variable interest rate of 5.98%, installments until due in January 2027
1,159 1,171 
2023 Term Loan Facility, variable interest rate of 6.51%, installments until due in June 2029
1,089 1,089 
10.75% senior secured IP notes, interest only payments until due in February 2026
524 781 
10.75% senior secured LGA/DCA notes, interest only payments until due in February 2026
105 156 
7.25% senior secured notes, interest only payments until due in February 2028
750 750 
8.50% senior secured notes, interest only payments until due in May 2029
1,000 1,000 
5.50% senior secured notes, installments until due in April 2026 (1)
1,167 1,750 
5.75% senior secured notes, installments beginning in July 2026 until due in April 2029 (1)
3,000 3,000 
2021 AAdvantage Term Loan Facility, variable interest rate of 6.52%, installments until due in April 2028 (1)
2,275 2,450 
2025 AAdvantage Term Loan Facility, variable interest rate of 7.58%, installments beginning in July 2025 until due in May 2032 (1)
1,000 — 
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 2.88% to 7.15%, averaging 3.79%, maturing from 2025 to 2034
6,364 7,271 
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.55% to 6.89%, averaging 6.03%, maturing from 2025 to 2037
4,522 4,094 
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036
880 880 
24,805 25,372 
Unsecured
PSP1 Promissory Note, variable interest rate of 6.13%, interest only payments until due in April 2030
1,757 1,757 
PSP2 Promissory Note, interest only payments until due in January 2031 (2)
1,030 1,030 
PSP3 Promissory Note, interest only payments until due in April 2031 (2)
959 959 
6.50% convertible senior notes, interest only payments until due in July 2025
1,000 1,000 
4,746 4,746 
Total long-term debt29,551 30,118 
Less: Total unamortized debt discount, premium and issuance costs332 305 
Less: Current maturities4,514 5,196 
Long-term debt, net of current maturities$24,705 $24,617 
(1)Collectively referred to as the AAdvantage Financing.
(2)PSP2 and PSP3 notes bear interest at a fixed interest rate of 1.00% until the first and second quarters of 2026, respectively. Thereafter and until maturity, the notes bear interest at 2.00% plus an interest rate based on the Secured Overnight Financing Rate (SOFR) or other benchmark replacement rate consistent with customary market conventions.
Schedule of Revolving Credit and Other Facilities
As of June 30, 2025, the maximum availability under our revolving credit and other facilities is as follows (in millions):
2013 Revolving Facility (1)
$519 
2014 Revolving Facility (1)
1,557 
2023 Revolving Facility (1)
924 
Other facilities (2)
400 
Total$3,400 
(1)On April 21, 2025, the aggregate revolving commitments under the 2013, 2014 and 2023 Revolving Facilities were increased from $2.9 billion to $3.0 billion upon the upsize of commitments by certain existing lenders. No other terms were changed and there are no borrowings outstanding under the facilities.
(2)Includes a revolving credit facility that provides for borrowing capacity of up to $350 million, maturing in March 2027 with an option to extend for an additional year. Additionally, American currently has $50 million of available borrowing base under a cargo receivables facility that is set to expire in December 2025. There are no amounts drawn under these facilities.
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):
June 30, 2025December 31, 2024
Secured
2013 Term Loan Facility, variable interest rate of 6.50%, installments until due in February 2028
$970 $980 
2014 Term Loan Facility, variable interest rate of 5.98%, installments until due in January 2027
1,159 1,171 
2023 Term Loan Facility, variable interest rate of 6.51%, installments until due in June 2029
1,089 1,089 
10.75% senior secured IP notes, interest only payments until due in February 2026
524 781 
10.75% senior secured LGA/DCA notes, interest only payments until due in February 2026
105 156 
7.25% senior secured notes, interest only payments until due in February 2028
750 750 
8.50% senior secured notes, interest only payments until due in May 2029
1,000 1,000 
5.50% senior secured notes, installments until due in April 2026 (1)
1,167 1,750 
5.75% senior secured notes, installments beginning in July 2026 until due in April 2029 (1)
3,000 3,000 
2021 AAdvantage Term Loan Facility, variable interest rate of 6.52%, installments until due in April 2028 (1)
2,275 2,450 
2025 AAdvantage Term Loan Facility, variable interest rate of 7.58%, installments beginning in July 2025 until due in May 2032 (1)
1,000 — 
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 2.88% to 7.15%, averaging 3.79%, maturing from 2025 to 2034
6,364 7,271 
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.55% to 6.89%, averaging 6.03%, maturing from 2025 to 2037
4,522 4,094 
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036
880 880 
Total long-term debt24,805 25,372 
Less: Total unamortized debt discount, premium and issuance costs330 300 
Less: Current maturities3,514 4,196 
Long-term debt, net of current maturities$20,961 $20,876 
(1)Collectively referred to as the AAdvantage Financing.
Schedule of Revolving Credit and Other Facilities
As of June 30, 2025, the maximum availability under American’s revolving credit and other facilities is as follows (in millions):
2013 Revolving Facility (1)
$519 
2014 Revolving Facility (1)
1,557 
2023 Revolving Facility (1)
924 
Other facilities (2)
400 
Total$3,400 
(1)On April 21, 2025, the aggregate revolving commitments under the 2013, 2014 and 2023 Revolving Facilities were increased from $2.9 billion to $3.0 billion upon the upsize of commitments by certain existing lenders. No other terms were changed and there are no borrowings outstanding under the facilities.
(2)Includes a revolving credit facility that provides for borrowing capacity of up to $350 million, maturing in March 2027 with an option to extend for an additional year. Additionally, American currently has $50 million of available borrowing base under a cargo receivables facility that is set to expire in December 2025. There are no amounts drawn under these facilities.