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Special Items, Net (Tables)
 9 Months Ended
Sep. 30, 2022
Restructuring Cost and Reserve [Line Items]  
Components of Special Items, Net in Condensed Consolidated Statements of Operations
Special items, net in the condensed consolidated statements of operations consisted of the following (in millions):
 Three Months Ended September 30,Nine Months Ended September 30,
 2022202120222021
Fleet impairment (1)
$— $— $149 $— 
Litigation reserve adjustments37 — 37 — 
PSP Financial Assistance (2)
— (992)— (4,162)
Severance expenses (3)
— — — 168 
Mark-to-market adjustments on bankruptcy obligations, net— (1)— 5 
Other operating special items, net— 3 3 3 
Mainline operating special items, net37 (990)189 (3,986)
PSP Financial Assistance (2)
— (128)— (539)
Regional pilot retention program (4)
— 61 — 61 
Fleet impairment (1)
— — — 27 
Severance expenses (3)
— — — 2 
Other operating special items, net2 — 2 — 
Regional operating special items, net2 (67)2 (449)
Operating special items, net39 (1,057)191 (4,435)
Mark-to-market adjustments on equity and other investments, net (5)
(57)16 32 3 
Debt refinancing, extinguishment and other, net— 2 2 28 
Nonoperating special items, net(57)18 34 31 
Income tax special items, net— — (9)— 
(1)Fleet impairment for the nine months ended September 30, 2022 included a non-cash impairment charge to write down the carrying value of our retired Airbus A330 fleet to the estimated fair value due to the market conditions for certain used aircraft. We retired our Airbus A330 fleet in 2020 as a result of the decline in demand for air travel due to the COVID-19 pandemic.
Fleet impairment for the nine months ended September 30, 2021 included a non-cash impairment charge to write down regional aircraft resulting from the retirement of the remaining Embraer 140 fleet earlier than planned.
(2)The PSP Financial Assistance represents recognition of a portion of the financial assistance received from the U.S. Department of Treasury (Treasury) pursuant to the payroll support program established under the PSP Extension Law (PSP2) and the American Rescue Plan Act of 2021 (ARP) (PSP3).
(3)Severance expenses include salary and medical costs primarily associated with certain team members who opted into voluntary early retirement programs offered as a result of reductions to our operation due to the COVID-19 pandemic. Cash payments related to our voluntary early retirement programs for the three and nine months ended September 30, 2022 were approximately $40 million and $180 million, respectively, and approximately $190 million and $480 million for the three and nine months ended September 30, 2021, respectively.
(4)Our regional pilot retention program provides for, among other things, a cash retention bonus paid in the fourth quarter of 2021 to eligible captains at our wholly-owned regional carriers included on the pilot seniority list as of September 1, 2021.
(5)Mark-to-market adjustments on equity and other investments, net principally included net unrealized gains and losses associated with our equity investments in GOL Linhas Aéreas Inteligentes S.A. (GOL), Vertical Aerospace Ltd. (Vertical) and China Southern Airlines Company Limited (China Southern Airlines)
American Airlines, Inc.  
Restructuring Cost and Reserve [Line Items]  
Components of Special Items, Net in Condensed Consolidated Statements of Operations
Special items, net in the condensed consolidated statements of operations consisted of the following (in millions):
 Three Months Ended September 30,Nine Months Ended September 30,
 2022202120222021
Fleet impairment (1)
$— $— $149 $— 
Litigation reserve adjustments37 — 37 — 
PSP Financial Assistance (2)
— (992)— (4,162)
Severance expenses (3)
— — — 168 
Mark-to-market adjustments on bankruptcy obligations, net— (1)— 5 
Other operating special items, net — 3 3 3 
Mainline operating special items, net37 (990)189 (3,986)
PSP Financial Assistance (2)
— (128)— (539)
Fleet impairment (1)
— — — 27 
Regional operating special items, net— (128)— (512)
Operating special items, net37 (1,118)189 (4,498)
Mark-to-market adjustments on equity and other investments, net (4)
(57)16 32 3 
Debt refinancing, extinguishment and other, net— 2 — 28 
Nonoperating special items, net(57)18 32 31 
Income tax special items, net— — (9)— 
(1)Fleet impairment for the nine months ended September 30, 2022 included a non-cash impairment charge to write down the carrying value of American's retired Airbus A330 fleet to the estimated fair value due to the market conditions for certain used aircraft. American retired its Airbus A330 fleet in 2020 as a result of the decline in demand for air travel due to the COVID-19 pandemic.
Fleet impairment for the nine months ended September 30, 2021 included a non-cash impairment charge to write down regional aircraft resulting from the retirement of the remaining Embraer 140 fleet earlier than planned.
(2)The PSP Financial Assistance represents recognition of a portion of the financial assistance received from the U.S. Department of Treasury (Treasury) pursuant to the payroll support program established under the PSP Extension Law (PSP2) and the American Rescue Plan Act of 2021 (ARP) (PSP3).
(3)Severance expenses include salary and medical costs primarily associated with certain team members who opted into voluntary early retirement programs offered as a result of reductions to American's operation due to the COVID-19 pandemic. Cash payments related to American's voluntary early retirement programs for the three and nine months ended September 30, 2022 were approximately $40 million and $180 million, respectively, and approximately $190 million and $480 million for the three and nine months ended September 30, 2021, respectively.
(4)Mark-to-market adjustments on equity and other investments, net principally included net unrealized gains and losses associated with American's equity investments in GOL Linhas Aéreas Inteligentes S.A. (GOL), Vertical Aerospace Ltd. (Vertical) and China Southern Airlines Company Limited (China Southern Airlines)