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Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Instrument [Line Items]  
Schedule of Debt
Debt included in the condensed consolidated balance sheets consisted of (in millions):
March 31, 2026December 31, 2025
Secured
2013 Term Loan Facility, variable interest rate of 6.00%, installments until due in February 2028
$970 $970 
2014 Term Loan Facility, variable interest rate of 5.52%, installments until due in January 2027
1,147 1,159 
2023 Term Loan Facility, variable interest rate of 5.91%, installments until due in June 2029
1,078 1,078 
7.25% senior secured notes, interest only payments until due in February 2028
750 750 
8.50% senior secured notes
— 1,000 
5.50% senior secured notes, installments until due in April 2026 (1)
292 583 
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 5.92%, installments until due in April 2028 (1)
2,258 2,264 
2025 AAdvantage Term Loan Facility, variable interest rate of 6.42%, installments until due in May 2032 (1)
993 995 
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 2.88% to 7.15%, averaging 4.15%, maturing from 2026 to 2038
7,755 6,912 
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.55% to 6.29%, averaging 5.45%, maturing from 2027 to 2037
4,527 4,719 
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036
789 789 
23,559 24,219 
Unsecured
PSP1 Promissory Note, variable interest rate of 5.57%, interest only payments until due in April 2030
1,757 1,757 
PSP2 Promissory Note, variable interest rate of 5.57%, interest only payments until due in January 2031
1,030 1,030 
PSP3 Promissory Note, interest only payments until due in April 2031 (2)
959 959 
Senior short-term term loan facility— 629 
3,746 4,375 
Total27,305 28,594 
Less: Total unamortized debt discount, premium and issuance costs288 314 
Less: Current maturities4,083 3,641 
Long-term debt, net of current maturities$22,934 $24,639 
(1)Collectively referred to as the AAdvantage Financing.
(2)The PSP3 Promissory Note bears interest at a fixed interest rate of 1.00% until the second quarter of 2026. Thereafter, the note bears interest at 2.00% plus an interest rate based on the Secured Overnight Financing Rate (SOFR).
Schedule of Revolving Credit and Other Facilities
As of March 31, 2026, the maximum availability under our revolving credit and other facilities is as follows (in millions):
2013 Revolving Facility$363 
2014 Revolving Facility 1,296 
2023 Revolving Facility 1,451 
Other facilities (1)
400 
Total$3,510 
(1)Includes a revolving credit facility that provides for borrowing capacity of up to $350 million. In March 2026, American elected to exercise its option to extend the maturity date of the revolving credit facility by an additional year to March 2028. Additionally, American currently has $50 million of available borrowing capacity under a cargo receivables facility that is scheduled to expire in December 2026. There are no amounts drawn under these facilities.
2025-1 Aircraft EETC Equipment Notes
Certain information regarding the 2025-1 Aircraft EETC equipment notes, as of March 31, 2026, is set forth in the table below:
 2025-1 Aircraft EETCs
 Series ASeries B
Aggregate principal issued$884 million$221 million
Fixed interest rate per annum4.90%5.65%
Maturity dateMay 2038November 2034
American Airlines, Inc.  
Debt Instrument [Line Items]  
Schedule of Debt
Debt included in the condensed consolidated balance sheets consisted of (in millions):
March 31, 2026December 31, 2025
Secured
2013 Term Loan Facility, variable interest rate of 6.00%, installments until due in February 2028
$970 $970 
2014 Term Loan Facility, variable interest rate of 5.52%, installments until due in January 2027
1,147 1,159 
2023 Term Loan Facility, variable interest rate of 5.91%, installments until due in June 2029
1,078 1,078 
7.25% senior secured notes, interest only payments until due in February 2028
750 750 
8.50% senior secured notes
— 1,000 
5.50% senior secured notes, installments until due in April 2026 (1)
292 583 
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 5.92%, installments until due in April 2028 (1)
2,258 2,264 
2025 AAdvantage Term Loan Facility, variable interest rate of 6.42%, installments until due in May 2032 (1)
993 995 
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 2.88% to 7.15%, averaging 4.15%, maturing from 2026 to 2038
7,755 6,912 
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.55% to 6.29%, averaging 5.45%, maturing from 2027 to 2037
4,527 4,719 
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036
789 789 
23,559 24,219 
Unsecured
Senior short-term term loan facility— 629 
Total23,559 24,848 
Less: Total unamortized debt discount, premium and issuance costs286 313 
Less: Current maturities4,083 3,641 
Long-term debt, net of current maturities$19,190 $20,894 
(1)Collectively referred to as the AAdvantage Financing.
Schedule of Revolving Credit and Other Facilities
As of March 31, 2026, the maximum availability under American’s revolving credit and other facilities is as follows (in millions):
2013 Revolving Facility$363 
2014 Revolving Facility1,296 
2023 Revolving Facility1,451 
Other facilities (1)
400 
Total$3,510 
(1)Includes a revolving credit facility that provides for borrowing capacity of up to $350 million. In March 2026, American elected to exercise its option to extend the maturity date of the revolving credit facility by an additional year to March 2028. Additionally, American currently has $50 million of available borrowing capacity under a cargo receivables facility that is scheduled to expire in December 2026. There are no amounts drawn under these facilities.
2025-1 Aircraft EETC Equipment Notes
Certain information regarding the 2025-1 Aircraft EETC equipment notes, as of March 31, 2026, is set forth in the table below:
 2025-1 Aircraft EETCs
 Series ASeries B
Aggregate principal issued$884 million$221 million
Fixed interest rate per annum4.90%5.65%
Maturity dateMay 2038November 2034