Long Term Debt (Tables)

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

	December 31,
(in millions)	2012			2011
Total debt at par value	$	12,633		$	13,797
Unamortized discount, net	(527		)	(737		)
Net carrying amount	$	12,106		$	13,060
Fair value	$	13,000		$	13,600

The following table summarizes our long-term debt:

	Maturity			Interest Rate(s) Per Annum at			December 31,
(in millions)	Dates			December 31, 2012			2012			2011
2012 Pacific Facilities:
Pacific Term Loan B-1(2)	October 2018			5.25%	variable(1)		$	1,100		$	—
Pacific Term Loan B-2(2)	April 2016			4.25%	variable(1)		400			—
Pacific Revolving Facility ($450)	October 2017			undrawn	variable(1)		—			—
2011 Credit Facilities:
Term Loan Facility(2)	April 2017			5.50%	variable(1)		1,354			1,368
Revolving Credit Facility ($1,225)	April 2016			undrawn	variable(1)		—			—
2009 Pacific Facilities and Other Debt:
Pacific Routes Term Facility	March 2016			4.25%	variable(1)		—			248
Pacific Routes Revolving Facility ($500)	March 2013			undrawn	variable(1)		—			—
Senior Secured Notes	September 2014			9.50%	fixed		—			600
Senior Second Lien Notes	March 2015			12.25%	fixed		—			306
Other Secured Financing Arrangements:
Certificates(2)(3)	2013	to	2023	1.06%	to	9.75%	4,314			4,677
Aircraft financings(2)(3)	2013	to	2025	0.81%	to	6.76%	3,964			4,570
Other financings(2)(4)	2013	to	2031	2.44%	to	6.12%	707			721
Bank Revolving Credit Facility	September 2015			undrawn	variable(1)		—			—
Total secured debt							11,839			12,490
American Express - Advance Purchase of Restricted SkyMiles(5)							619			952
Other unsecured debt(2)	2013	to	2035	3.00%	to	9.00%	175			355
Total unsecured debt							794			1,307
Total secured and unsecured debt							12,633			13,797
Unamortized discount, net							(527		)	(737		)
Total debt							12,106			13,060
Less: current maturities							(1,507		)	(1,827		)
Total long-term debt							$	10,599		$	11,233

⁽¹⁾  Interest rate equal to LIBOR (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 aircraft and real estate.

⁽⁵⁾  For additional information about our debt associated with American Express, see Note 7.

(In millions, unless otherwise stated)	Proceeds Received						Outstanding at December 31, 2012		Fixed Interest Rate	Final Maturity Date
	2012		2011		2010
2012-1A EETC	$	354	$	—	$	—	$	354	4.750%	May 2020
2012-1B EETC	126		—		—		126		6.875%	May 2019
2011-1A EETC	—		293		—		253		5.300%	April 2019
2011-1B EETC	—		102		—		102		7.125%	October 2014
2010-2A EETC	—		204		270		412		4.950%	May 2019
2010-2B EETC	—		135		—		135		6.750%	November 2015
2010-1A EETC	—		—		450		383		6.200%	July 2018
2010-1B EETC	—		100		—		100		6.375%	January 2016
Certificates Issued Prior to 2010	—		—		347		2,449
Total	$	480	$	834	$	1,067	$	4,314

(in millions)	Proceeds Received		Principal Retired
2012 Pacific Facilities:
Pacific Term Loan B-1	$	1,100	$	—
Pacific Term Loan B-2	400		—
Pacific Revolving Facility ($450)	—		—
2009 Pacific Facilities and Other Debt:
Pacific Routes Term Facility	—		246
Pacific Routes Revolving Facility ($500)	—		—
Senior Secured Notes	—		600
Senior Second Lien Notes	—		306
Total	$	1,500	$	1,152

	2012 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

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, 2012:

(in millions)
Revolving Credit Facility	$	1,225
Pacific Revolving Credit Facility	450
Bank Revolving Credit Facility	150
Total availability under revolving credit facilities	$	1,825

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, 2012:

Years Ending December 31, (in millions)	Total Secured and Unsecured Debt		Amortization of Debt Discount, net
2013	$	1,600	$	(148	)
2014	1,706		(98		)
2015	1,062		(72		)
2016	1,427		(65		)
2017	2,144		(54		)
Thereafter	4,694		(90		)
Total	$	12,633	$	(527	)	$	12,106