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Debt (Tables)
 9 Months Ended
Sep. 30, 2022
Debt Instrument [Line Items]  
Schedule of Long-Term Debt
Long-term debt included in the condensed consolidated balance sheets consisted of (in millions):
September 30, 2022December 31, 2021
Secured
2013 Term Loan Facility, variable interest rate of 4.83%, installments through 2025
$1,752 $1,770 
2014 Term Loan Facility, variable interest rate of 4.87%, installments through 2027
1,196 1,208 
December 2016 Term Loan Facility, variable interest rate of 4.82%, installments through 2023
1,188 1,188 
11.75% senior secured notes, interest only payments until due in July 2025
2,500 2,500 
10.75% senior secured IP notes, interest only payments until due in February 2026
1,000 1,000 
10.75% senior secured LGA/DCA notes, interest only payments until due in February 2026
200 200 
5.50% senior secured notes, installments beginning in July 2023 until due in April 2026 (1)
3,500 3,500 
5.75% senior secured notes, installments beginning in July 2026 until due in April 2029 (1)
3,000 3,000 
AAdvantage Term Loan Facility, variable interest rate of 7.46%, installments beginning in July 2023 through April 2028 (1)
3,500 3,500 
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 2.88% to 7.13%, averaging 3.76%, maturing from 2022 to 2034
9,352 9,357 
Equipment loans and other notes payable, fixed and variable interest rates ranging from 3.21% to 6.29%, averaging 4.45%, maturing from 2022 to 2032
3,075 3,433 
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036
1,050 1,129 
31,313 31,785 
Unsecured
PSP1 Promissory Note, interest only payments until due in April 20301,757 1,765 
PSP2 Promissory Note, interest only payments until due in January 20311,030 1,035 
PSP3 Promissory Note, interest only payments until due in April 2031959 946 
6.50% convertible senior notes, interest only payments until due in July 2025
1,000 1,000 
3.75% senior notes, interest only payments until due in March 2025
500 500 
5.000% senior notes
— 750 
5,246 5,996 
Total long-term debt36,559 37,781 
Less: Total unamortized debt discount, premium and issuance costs401 458 
Less: Current maturities2,560 2,315 
Long-term debt, net of current maturities$33,598 $35,008 
(1)Collectively referred to as the AAdvantage Financing.
Certain information regarding the 2021-1 Aircraft EETC equipment notes, as of September 30, 2022, is set forth in the table below.
2021-1 Aircraft EETCs
Series A
Series B
Aggregate principal issued
$758 million$202 million
Remaining escrowed proceeds
$133 million$34 million
Fixed interest rate per annum
2.875%3.95%
Maturity date
July 2034July 2030
Schedule of Line of Credit
As of September 30, 2022, the maximum availability under our revolving credit and other facilities is as follows (in millions):
2013 Revolving Facility$750 
2014 Revolving Facility1,643 
April 2016 Revolving Facility450 
Short-term Revolving and Other Facilities220 
Total$3,063 
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):
September 30, 2022December 31, 2021
Secured
2013 Term Loan Facility, variable interest rate of 4.83%, installments through 2025
$1,752 $1,770 
2014 Term Loan Facility, variable interest rate of 4.87%, installments through 2027
1,196 1,208 
December 2016 Term Loan Facility, variable interest rate of 4.82%, installments through 2023
1,188 1,188 
11.75% senior secured notes, interest only payments until due in July 2025
2,500 2,500 
10.75% senior secured IP notes, interest only payments until due in February 2026
1,000 1,000 
10.75% senior secured LGA/DCA notes, interest only payments until due in February 2026
200 200 
5.50% senior secured notes, installments beginning in July 2023 until due in April 2026 (1)
3,500 3,500 
5.75% senior secured notes, installments beginning in July 2026 until due in April 2029 (1)
3,000 3,000 
AAdvantage Term Loan Facility, variable interest rate of 7.46%, installments beginning in July 2023 through April 2028 (1)
3,500 3,500 
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 2.88% to 7.13%, averaging 3.76%, maturing from 2022 to 2034
9,352 9,357 
Equipment loans and other notes payable, fixed and variable interest rates ranging from 3.21% to 6.29%, averaging 4.45%, maturing from 2022 to 2032
3,075 3,433 
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036
1,050 1,129 
Total long-term debt31,313 31,785 
Less: Total unamortized debt discount, premium and issuance costs378 428 
Less: Current maturities2,560 1,568 
Long-term debt, net of current maturities$28,375 $29,789 
(1)Collectively referred to as the AAdvantage Financing.
Certain information regarding the 2021-1 Aircraft EETC equipment notes, as of September 30, 2022, is set forth in the table below.
2021-1 Aircraft EETCs
Series A
Series B
Aggregate principal issued
$758 million$202 million
Remaining escrowed proceeds
$133 million$34 million
Fixed interest rate per annum
2.875%3.95%
Maturity date
July 2034July 2030
Schedule of Line of Credit
As of September 30, 2022, the maximum availability under American's revolving credit and other facilities is as follows (in millions):
2013 Revolving Facility$750 
2014 Revolving Facility1,643 
April 2016 Revolving Facility450 
Short-term Revolving and Other Facilities220 
Total$3,063