Debt (Tables)

12 Months Ended

Dec. 31, 2017

Long-term debt and capital lease obligations included in the consolidated balance sheets consisted of (in millions):



	December 31,
	2017		2016
Secured
2013 Credit Facilities, variable interest rate of 3.55%, installments through 2020 ^(a)	$	1,825	$	1,843
2014 Credit Facilities, variable interest rate of 3.43%, installments through 2021 ^(a)	728		735
April 2016 Credit Facilities, variable interest rate of 3.57%, installments through 2023 ^(a)	990		1,000
December 2016 Credit Facilities, variable interest rate of 3.48%, installments through 2023 ^(a)	1,238		1,250
Aircraft enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 3.00% to 9.75%, averaging 4.30%, maturing from 2018 to 2029 ^(b)	11,881		10,912
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.34% to 8.48%, averaging 3.29%, maturing from 2018 to 2029 ^(c)	5,259		5,343
Special facility revenue bonds, fixed interest rates ranging from 5.00% to 8.00%, maturing from 2018 to 2035	857		891
Other secured obligations, fixed interest rates ranging from 3.81% to 12.24%, maturing from 2018 to 2028	773		849
	23,551		22,823
Unsecured
5.50% senior notes, interest only payments until due in 2019 ^(d)	750		750
6.125% senior notes, interest only payments until due in 2018 ^(d)	500		500
4.625% senior notes, interest only payments until due in 2020 ^(d)	500		500
	1,750		1,750
Total long-term debt and capital lease obligations	25,301		24,573
Less: Total unamortized debt discount, premium and issuance costs	236		229
Less: Current maturities	2,554		1,855
Long-term debt and capital lease obligations, net of current maturities	$	22,511	$	22,489

Schedule of Credit Facilities

Certain details of our 2013, 2014, April 2016 and December 2016 Credit Facilities (collectively referred to as the Credit Facilities) are shown in the table below as of December 31, 2017:



	2013 Credit Facilities		2014 Credit Facilities		April 2016 Credit Facilities		December 2016 Credit Facilities
	2013 Term Loan	2013 Revolving Facility	2014 Term Loan	2014 Revolving Facility	April 2016 Term Loan	April 2016 Revolving Facility	December 2016 Term Loan
Aggregate principal issued or credit facility availability (in millions)	$1,900	$1,200	$750	$1,000	$1,000	$300	$1,250
Principal outstanding or drawn (in millions)	$1,825	$—	$728	$—	$990	$—	$1,238
Maturity date	June 2020	October 2022	October 2021	October 2022	April 2023	October 2022	December 2023
LIBOR margin	2.00%	2.25%	2.00%	2.25%	2.00%	2.25%	2.00%

The table below shows the maximum availability under revolving credit facilities, all of which were undrawn, as of December 31, 2017 (in millions):



2013 Revolving Facility	$	1,200
2014 Revolving Facility	1,000
April 2016 Revolving Facility	300
Total	$	2,500

Schedule of Maturities of Long-Term Debt and Capital Lease Obligations

At December 31, 2017, the maturities of long-term debt and capital lease obligations are as follows (in millions):



2018	$	2,598
2019	2,868
2020	4,069
2021	2,856
2022	1,288
2023 and thereafter	11,622
Total	$	25,301

Schedule of Collateral Coverage Tests

Specifically, we are required to meet certain collateral coverage tests on an annual basis for four credit facilities, as described below:



	2013 Credit Facilities	2014 Credit Facilities	April 2016 Credit Facilities	December 2016 Credit Facilities
Frequency of Appraisals of Appraised Collateral	Annual	Annual	Annual	Annual
LTV Requirement	1.6x Collateral valuation to amount of debt outstanding (62.5% LTV)	1.6x Collateral valuation to amount of debt outstanding (62.5% LTV)	1.6x Collateral valuation to amount of debt outstanding (62.5% LTV)	1.6x Collateral valuation to amount of debt outstanding (62.5% LTV)
LTV as of Last Measurement Date	33.9%	23.1%	42.7%	59.0%
Collateral Description	Generally, certain slots, route authorities, and airport gate leasehold rights used by American to operate all services between the U.S. and South America	Generally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and London Heathrow	Generally, certain spare parts	Generally, certain Ronald Reagan Washington National Airport (DCA) slots, certain La Guardia Airport (LGA) slots, certain simulators and certain leasehold rights

Secured Debt [Member] | Enhanced Equipment Trust Certificates (EETC) [Member]

Debt Instrument [Line Items]

Schedule of Long-Term Debt

December 31, 2017, is set forth in the table below.



	2017-2 EETCs
	Series AA	Series A	Series B
Aggregate principal issued	$545 million	$252 million	$221 million
Remaining escrowed proceeds	$152 million	$70 million	$61 million
Fixed interest rate per annum	3.35%	3.60%	3.70%
Maturity date	October 2029	October 2029	October 2025

Certain information regarding the 2016-3 EETC equipment notes, as of December 31, 2017, is set forth in the table below.



	2016-3 EETCs
	Series AA	Series A	Series B
Aggregate principal issued	$558 million	$256 million	$193 million
Fixed interest rate per annum	3.00%	3.25%	3.75%
Maturity date	October 2028	October 2028	October 2025

Certain information regarding the 2017-1 EETC equipment notes, as of December 31, 2017, is set forth in the table below.



	2017-1 EETCs
	Series AA	Series A	Series B
Aggregate principal issued	$537 million	$248 million	$198 million
Fixed interest rate per annum	3.65%	4.00%	4.95%
Maturity date	February 2029	February 2029	February 2025

Unsecured Debt [Member] | Senior Notes [Member]

Debt Instrument [Line Items]

Schedule of Long-Term Debt

The details of our 6.125%, 5.50% and 4.625% senior notes are shown in the table below as of December 31, 2017:



	6.125% Senior Notes	5.50% Senior Notes	4.625% Senior Notes
Aggregate principal issued and outstanding	$500 million	$750 million	$500 million
Maturity date	June 2018	October 2019	March 2020
Fixed interest rate per annum	6.125%	5.50%	4.625%
Interest payments	Semi-annually in arrears in June and December	Semi-annually in arrears in April and October	Semi-annually in arrears in March and September

American Airlines, Inc. [Member]

Debt Instrument [Line Items]

Schedule of Long-Term Debt

Long-term debt and capital lease obligations included in the consolidated balance sheets consisted of (in millions):



	December 31,
	2017		2016
Secured
2013 Credit Facilities, variable interest rate of 3.55%, installments through 2020 ^(a)	$	1,825	$	1,843
2014 Credit Facilities, variable interest rate of 3.43%, installments through 2021 ^(a)	728		735
April 2016 Credit Facilities, variable interest rate of 3.57%, installments through 2023 ^(a)	990		1,000
December 2016 Credit Facilities, variable interest rate of 3.48%, installments through 2023 ^(a)	1,238		1,250
Aircraft enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 3.00% to 9.75%, averaging 4.30%, maturing from 2018 to 2029 ^(b)	11,881		10,912
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.34% to 8.48%, averaging 3.29%, maturing from 2018 to 2029 ^(c)	5,259		5,343
Special facility revenue bonds, fixed interest rates ranging from 5.00% to 5.50%, maturing from 2018 to 2035	828		862
Other secured obligations, fixed interest rates ranging from 3.81% to 12.24%, maturing from 2018 to 2028	772		848
Total long-term debt and capital lease obligations	23,521		22,793
Less: Total unamortized debt discount, premium and issuance costs	227		216
Less: Current maturities	2,058		1,859
Long-term debt and capital lease obligations, net of current maturities	$	21,236	$	20,718

Schedule of Credit Facilities

Certain details of American’s 2013, 2014, April 2016 and December 2016 Credit Facilities (collectively referred to as the Credit Facilities) are shown in the table below as of December 31, 2017:



	2013 Credit Facilities		2014 Credit Facilities		April 2016 Credit Facilities		December 2016 Credit Facilities
	2013 Term Loan	2013 Revolving Facility	2014 Term Loan	2014 Revolving Facility	April 2016 Term Loan	April 2016 Revolving Facility	December 2016 Term Loan
Aggregate principal issued or credit facility availability (in millions)	$1,900	$1,200	$750	$1,000	$1,000	$300	$1,250
Principal outstanding or drawn (in millions)	$1,825	$—	$728	$—	$990	$—	$1,238
Maturity date	June 2020	October 2022	October 2021	October 2022	April 2023	October 2022	December 2023
LIBOR margin	2.00%	2.25%	2.00%	2.25%	2.00%	2.25%	2.00%

The table below shows the maximum availability under revolving credit facilities, all of which were undrawn, as of December 31, 2017 (in millions):



2013 Revolving Facility	$	1,200
2014 Revolving Facility	1,000
April 2016 Revolving Facility	300
Total	$	2,500

Schedule of Maturities of Long-Term Debt and Capital Lease Obligations

At December 31, 2017, the maturities of long-term debt and capital lease obligations are as follows (in millions):



2018	$	2,098
2019	2,118
2020	3,563
2021	2,854
2022	1,286
2023 and thereafter	11,602
Total	$	23,521

Schedule of Collateral Coverage Tests

Specifically, American is required to meet certain collateral coverage tests on an annual basis for four credit facilities, as described below:



	2013 Credit Facilities	2014 Credit Facilities	April 2016 Credit Facilities	December 2016 Credit Facilities
Frequency of Appraisals of Appraised Collateral	Annual	Annual	Annual	Annual
LTV Requirement	1.6x Collateral valuation to amount of debt outstanding (62.5% LTV)	1.6x Collateral valuation to amount of debt outstanding (62.5% LTV)	1.6x Collateral valuation to amount of debt outstanding (62.5% LTV)	1.6x Collateral valuation to amount of debt outstanding (62.5% LTV)
LTV as of Last Measurement Date	33.9%	23.1%	42.7%	59.0%
Collateral Description	Generally, certain slots, route authorities, and airport gate leasehold rights used by American to operate all services between the U.S. and South America	Generally, certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and London Heathrow	Generally, certain spare parts	Generally, certain Ronald Reagan Washington National Airport (DCA) slots, certain La Guardia Airport (LGA) slots, certain simulators and certain leasehold rights

American Airlines, Inc. [Member] | Secured Debt [Member] | Enhanced Equipment Trust Certificates (EETC) [Member]

Debt Instrument [Line Items]

Schedule of Long-Term Debt

Certain information regarding the 2017-1 EETC equipment notes, as of December 31, 2017, is set forth in the table below.



	2017-1 EETCs
	Series AA	Series A	Series B
Aggregate principal issued	$537 million	$248 million	$198 million
Fixed interest rate per annum	3.65%	4.00%	4.95%
Maturity date	February 2029	February 2029	February 2025

Certain information regarding the 2017-2 EETC equipment notes and the remaining escrowed proceeds of the 2017-2 EETCs, as of December 31, 2017, is set forth in the table below.



	2017-2 EETCs
	Series AA	Series A	Series B
Aggregate principal issued	$545 million	$252 million	$221 million
Remaining escrowed proceeds	$152 million	$70 million	$61 million
Fixed interest rate per annum	3.35%	3.60%	3.70%
Maturity date	October 2029	October 2029	October 2025

Certain information regarding the 2016-3 EETC equipment notes, as of December 31, 2017, is set forth in the table below.



	2016-3 EETCs
	Series AA	Series A	Series B
Aggregate principal issued	$558 million	$256 million	$193 million
Fixed interest rate per annum	3.00%	3.25%	3.75%
Maturity date	October 2028	October 2028	October 2025