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Financial Instruments
 6 Months Ended
Jun. 30, 2014
Derivative [Line Items]  
Financial Instruments
Financial Instruments
Fuel Hedging Contracts
    The Company has not entered into any fuel hedges since December 9, 2013. As of June 30, 2014, the Company does not have any fuel hedging contracts outstanding. During the second quarter of 2014, the Company sold its portfolio of fuel hedging contracts that were scheduled to settle on or after June 30, 2014. The cash proceeds on these sales totaled $71 million which exceeded the current value of the portfolio. Approximately $25 million of the resulting gain was credited to OCI and will be recognized as a credit to fuel expense in the period the hedged fuel is scheduled to be consumed (the third quarter of 2014 through the second quarter of 2015).  For the three months ended June 30, 2014 and 2013, the Company recognized a net gain of approximately $2 million and a net loss of approximately $31 million, respectively, and for the six months ended June 30, 2014 and 2013, the Company recognized a net gain of less than one million and a net loss of approximately $23 million, respectively, as a component of aircraft fuel expense on the accompanying condensed consolidated statements of operations related to its fuel hedging agreements, including the ineffective portion of the hedges.
The impact of aircraft fuel derivative instruments on the Company’s condensed consolidated statements of operations is depicted below (in millions):
 
Location in condensed consolidated statements of operations
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Amount of gain (loss) reclassified from accumulated OCI into income (1)
Aircraft fuel and related taxes
 
$
(5
)
 
$
(13
)
 
$
(12
)
 
$
(12
)
Amount of gain (loss) recognized in income on derivative (2)
Aircraft fuel and related taxes
 
7

 
(18
)
 
12

 
(11
)
Amount of gain (loss) recognized in condensed consolidated statements of operations (3)
Aircraft fuel and related taxes
 
$
2

 
$
(31
)
 
$
—

 
$
(23
)
(1)    Includes the effective portion of hedge gain (loss)
(2)    Includes the ineffective portion of hedge gain (loss)
(3)    Includes the effective and ineffective portion of hedge gain (loss)
The impact of aircraft fuel derivative instruments on the Company’s condensed consolidated statements of comprehensive income (loss) is depicted below (in millions):
 
Location
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Amount of (gain) loss reclassified from accumulated OCI into income (1)
Reclassification into earnings
 
$
5

 
$
13

 
$
12

 
$
12

Amount of gain (loss) recognized in OCI on derivative (1)
Change in fair value
 
23

 
(56
)
 
(34
)
 
(70
)
Amount of gain (loss) recognized in condensed consolidated statements of comprehensive income
 
 
$
28

 
$
(43
)
 
$
(22
)
 
$
(58
)
(1)    Includes the effective portion of hedge gain (loss)
While certain of the Company's fuel derivatives were subject to enforceable master netting agreements with its counterparties, the Company did not offset its fuel derivative assets and liabilities in its condensed consolidated balance sheets. The Company had a gross asset of $109 million as of December 31, 2013 for its aircraft fuel derivative instruments, which was reflected in Prepaid expenses and other on the accompanying condensed consolidated balance sheet. The Company had no cash collateral posted or received as of December 31, 2013.
AA [Member]
  
Derivative [Line Items]  
Financial Instruments
Financial Instruments
Fuel Hedging Contracts
American has not entered into any fuel hedges since December 9, 2013. As of June 30, 2014, American does not have any fuel hedging contracts outstanding. During the second quarter of 2014, American sold its portfolio of fuel hedging contracts that were scheduled to settle on or after June 30, 2014. The cash proceeds on these sales totaled $71 million which exceeded the current value of the portfolio. Approximately $25 million of the resulting gain was credited to OCI and will be recognized as a credit to fuel expense in the period the hedged fuel is scheduled to be consumed (the third quarter of 2014 through the second quarter of 2015). For the three months ended June 30, 2014 and 2013, American recognized a net gain of approximately $2 million and a net loss of approximately $31 million, respectively, and for the six months ended June 30, 2014 and 2013, American recognized a net gain of less than one million and a net loss of approximately $23 million, respectively, as a component of aircraft fuel expense on the accompanying condensed consolidated statements of operations related to its fuel hedging agreements, including the ineffective portion of the hedges. The impact of aircraft fuel derivative instruments on American's condensed consolidated statements of operations is depicted below (in millions):
 
Location in condensed consolidated statements of operations
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Amount of gain (loss) reclassified from accumulated OCI into income (1)
Aircraft fuel and related taxes
 
$
(5
)
 
$
(13
)
 
$
(12
)
 
$
(12
)
Amount of gain (loss) recognized in income on derivative (2)
Aircraft fuel and related taxes
 
7

 
(18
)
 
12

 
(11
)
Amount of gain (loss) recognized in condensed consolidated statements of operations (3)
Aircraft fuel and related taxes
 
$
2

 
$
(31
)
 
$
—

 
$
(23
)
(1)    Includes the effective portion of hedge gain (loss)
(2)    Includes the ineffective portion of hedge gain (loss)
(3)    Includes the effective and ineffective portion of hedge gain (loss)
    
The impact of aircraft fuel derivative instruments on American's condensed consolidated statements of comprehensive income (loss) is depicted below (in millions):
 
Location
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Amount of (gain) loss reclassified from accumulated OCI into income (1)
Reclassification into earnings
 
$
5

 
$
13

 
$
12

 
$
12

Amount of gain (loss) recognized in OCI on derivative (1)
Change in fair value
 
23

 
(56
)
 
(34
)
 
(70
)
Amount of gain (loss) recognized in condensed consolidated statements of comprehensive income
 
 
$
28

 
$
(43
)
 
$
(22
)
 
$
(58
)
(1)    Includes the effective portion of hedge gain (loss)
While certain of American's fuel derivatives were subject to enforceable master netting agreements with its counterparties, American did not offset its fuel derivative assets and liabilities in its condensed consolidated balance sheets. American had a gross asset of $109 million as of December 31, 2013 for its aircraft fuel derivative instruments, which was reflected in Prepaid expenses and other on the accompanying condensed consolidated balance sheet. American had no cash collateral posted or received as of December 31, 2013.