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Long Term Debt (Tables)
 12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
The following table summarizes our long-term debt:
 
Maturity
Interest Rate(s) Per Annum at
December 31,
(in millions)
Dates
December 31, 2013
2013
2012
Pacific Facilities:
 
 
 
 
 
 
 
 
Pacific Term Loan B-1(2)
October 2018
4.00%
variable(1)
$
1,089

$
1,100

Pacific Term Loan B-2(2)
April 2016
3.25%
variable(1)
396

400

Pacific Revolving Facility ($450)
October 2017
undrawn
variable(1)
—

—

2011 Credit Facilities:
 
 
 

 

 
 
Term Loan Facility(2)
April 2017
3.50%
variable(1)
1,341

1,354

Revolving Credit Facility ($1,225)
April 2016
undrawn
variable(1)
—

—

Other Secured Financing Arrangements:
 
 

 
 
 
 
 
Certificates(2)(3)
2014
to
2023
4.75%
to
9.75%
3,834

4,314

Aircraft financings(2)(3)
2014
to
2025
0.64%
to
6.76%
3,787

3,964

Other financings(2)(4)
2014
to
2031
0.00%
to
6.12%
627

707

Other Revolving Credit Facilities ($250)
2014
to
2015
undrawn
variable(1)
—

—

Total secured debt
 
 
 
 
 
 
11,074

11,839

American Express - Advance Purchase of Restricted SkyMiles(5)
 
 
 
—

619

Other unsecured debt(2)
2014
to
2035
3.01%
to
9.00%
154

175

Total unsecured debt
 
 
 
 
 
 
154

794

Total secured and unsecured debt
 
 
 
 
 
 
11,228

12,633

Unamortized discount, net
 
 
 
 
 
 
(383
)
(527
)
Total debt
 
 
 
 
 
 
10,845

12,106

Less: current maturities
 
 
 
 
 
 
(1,449
)
(1,507
)
Total long-term debt
 
 
 
 
 
 
$
9,396

$
10,599

 
(1) 
Interest rate equal to LIBOR (generally subject to a floor) or another index rate, in each case plus a specified margin.
(2) 
Due in installments.
(3) 
Secured by aircraft.
(4) 
Primarily includes loans secured by spare parts, spare engines and real estate.
(5) 
For additional information about our debt associated with American Express, see Note 7.
 
Pacific Facilities
2011 Credit Facilities
Minimum Fixed Charge Coverage Ratio (1)
1.20:1
1.20:1
Minimum Unrestricted Liquidity
 
 
Unrestricted cash and permitted investments
n/a
$1.0 billion
Unrestricted cash, permitted investments and undrawn revolving credit facilities
$2.0 billion
$2.0 billion
Minimum Collateral Coverage Ratio (2)
1.60:1
1.67:1 (3)


(1) 
Defined as the ratio of (a) earnings before interest, taxes, depreciation, amortization and aircraft rent and other adjustments to net income to (b) the sum of gross cash interest expense (including the interest portion of our capitalized lease obligations) and cash aircraft rent expense, for the 12-month period ending as of the last day of each fiscal quarter.
(2) 
Defined as the ratio of (a) certain of the collateral that meets specified eligibility standards to (b) the sum of the aggregate outstanding obligations and certain other obligations.
(3) 
Excluding the non-Pacific international routes from the collateral for purposes of the calculation, the required minimum collateral coverage ratio is 0.75:1
 
December 31,
(in millions)
2013
2012
Total debt at par value
$
11,228

$
12,633

Unamortized discount, net
(383
)
(527
)
Net carrying amount
$
10,845

$
12,106

Fair value
$
11,600

$
13,000
Schedule of Line of Credit Facilities [Table Text Block]
The table below shows availability under revolving credit facilities, all of which were undrawn, as of December 31, 2013:
(in millions)
 
Revolving Credit Facility
$
1,225

Pacific Revolving Credit Facility
450

Other Revolving Credit Facilities
250

Total availability under revolving credit facilities
$
1,925
Schedule of Maturities of Long-term Debt [Table Text Block]
The following table summarizes scheduled maturities of our debt, including current maturities, at December 31, 2013:
Years Ending December 31,
(in millions)
Total Secured and Unsecured Debt
Amortization of Debt Discount, net
 
2014
$
1,491

$
(80
)
 
2015
1,089

(73
)
 
2016
1,472

(67
)
 
2017
2,190

(58
)
 
2018
2,159

(47
)
 
Thereafter
2,827

(58
)
 
Total
$
11,228

$
(383
)
$
10,845