Debt (Tables)

12 Months Ended

Dec. 31, 2018

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



	December 31,
	2018		2017
Secured
2013 Credit Facilities, variable interest rate of 4.26%, installments through 2025 ^(a)	$	1,825	$	1,825
2014 Credit Facilities, variable interest rate of 4.39%, installments through 2021 ^(a)	1,215		728
April 2016 Credit Facilities, variable interest rate of 4.52%, installments through 2023 ^(a)	980		990
December 2016 Credit Facilities, variable interest rate of 4.46%, installments through 2023 ^(a)	1,225		1,238
Aircraft enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 3.00% to 9.01%, averaging 4.21%, maturing from 2019 to 2029 ^(b)	11,648		11,881
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.34% to 8.48%, averaging 4.26%, maturing from 2019 to 2030 ^(c)	5,060		5,259
Special facility revenue bonds, fixed interest rates ranging from 5.00% to 8.00%, maturing from 2019 to 2031	798		857
Other secured obligations	—		2
	22,751		22,780
Unsecured
5.50% senior notes, interest only payments until due in 2019 ^(d)	750		750
4.625% senior notes, interest only payments until due in 2020 ^(d)	500		500
6.125% senior notes	—		500
	1,250		1,750
Total long-term debt	24,001		24,530
Less: Total unamortized debt discount, premium and issuance costs	222		236
Less: Current maturities	3,213		2,476
Long-term debt, net of current maturities	$	20,566	$	21,818

Schedule of Credit Facilities

Certain details of our 2013 Credit Facilities, 2014 Credit Facilities, April 2016 Credit Facilities and December 2016 Credit Facilities (collectively referred to as the Credit Facilities) are shown in the table below as of December 31, 2018:



	2013 Credit Facilities		2014 Credit Facilities		April 2016 Credit Facilities		December 2016 Credit Facilities
	2013 Replacement 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	$1,000	$1,250	$1,543	$1,000	$300	$1,250
Principal outstanding or drawn (in millions)	$1,825	$—	$1,215	$—	$980	$—	$1,225
Maturity date	June 2025	October 2023	October 2021	October 2023	April 2023	October 2023	December 2023
LIBOR margin	1.75%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%

The table below shows the maximum availability under revolving credit facilities, all of which were undrawn, as of December 31, 2018 (in millions):



2013 Revolving Facility	$	1,000
2014 Revolving Facility	1,543
April 2016 Revolving Facility	300
Total	$	2,843

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

At December 31, 2018, the maturities of long-term debt are as follows (in millions):



2019	$	3,258
2020	2,320
2021	3,411
2022	1,346
2023	3,894
2024 and thereafter	9,772
Total	$	24,001

Schedule of Collateral Coverage Tests

Specifically, we are required to meet certain collateral coverage tests on an annual basis for our 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	34.8%	18.8%	40.9%	57.5%
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 European Union (including 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

Certain information regarding the 2012-2 Class C(R) EETC equipment notes, as of December 31, 2018, is set forth in the table below.



	2012-2C(R) EETCs
	Series C(R)
Aggregate principal issued	$100 million
Fixed interest rate per annum	4.70%
Maturity date	June 2021

Certain information regarding the 2017-2 EETC equipment notes, as of December 31, 2018, 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
Fixed interest rate per annum	3.35%	3.60%	3.70%
Maturity date	October 2029	October 2029	October 2025

Unsecured Debt [Member] | Senior Notes [Member]

Debt Instrument [Line Items]

Schedule of Long-Term Debt

The details of our 5.50% and 4.625% senior notes are shown in the table below as of December 31, 2018:



	5.50% Senior Notes	4.625% Senior Notes
Aggregate principal issued and outstanding	$750 million	$500 million
Maturity date	October 2019	March 2020
Fixed interest rate per annum	5.50%	4.625%
Interest payments	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 included in the consolidated balance sheets consisted of (in millions):



	December 31,
	2018		2017
Secured
2013 Credit Facilities, variable interest rate of 4.26%, installments through 2025 ^(a)	$	1,825	$	1,825
2014 Credit Facilities, variable interest rate of 4.39%, installments through 2021 ^(a)	1,215		728
April 2016 Credit Facilities, variable interest rate of 4.52%, installments through 2023 ^(a)	980		990
December 2016 Credit Facilities, variable interest rate of 4.46%, installments through 2023 ^(a)	1,225		1,238
Aircraft enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 3.00% to 9.01%, averaging 4.21%, maturing from 2019 to 2029 ^(b)	11,648		11,881
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.34% to 8.48%, averaging 4.26%, maturing from 2019 to 2030 ^(c)	5,060		5,259
Special facility revenue bonds, fixed interest rates of 5.00%, maturing from 2019 to 2031	769		828
Other secured obligations	—		1
Total long-term debt	22,722		22,750
Less: Total unamortized debt discount, premium and issuance costs	219		227
Less: Current maturities	2,466		1,980
Long-term debt, net of current maturities	$	20,037	$	20,543

Schedule of Credit Facilities

The table below shows the maximum availability under revolving credit facilities, all of which were undrawn, as of December 31, 2018 (in millions):



2013 Revolving Facility	$	1,000
2014 Revolving Facility	1,543
April 2016 Revolving Facility	300
Total	$	2,843

Certain details of American’s 2013 Credit Facilities, 2014 Credit Facilities, April 2016 Credit Facilities and December 2016 Credit Facilities (collectively referred to as the Credit Facilities) are shown in the table below as of December 31, 2018:



	2013 Credit Facilities		2014 Credit Facilities		April 2016 Credit Facilities		December 2016 Credit Facilities
	2013 Replacement 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	$1,000	$1,250	$1,543	$1,000	$300	$1,250
Principal outstanding or drawn (in millions)	$1,825	$—	$1,215	$—	$980	$—	$1,225
Maturity date	June 2025	October 2023	October 2021	October 2023	April 2023	October 2023	December 2023
LIBOR margin	1.75%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%

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

At December 31, 2018, the maturities of long-term debt are as follows (in millions):



2019	$	2,508
2020	1,815
2021	3,409
2022	1,344
2023	3,892
2024 and thereafter	9,754
Total	$	22,722

Schedule of Collateral Coverage Tests

Specifically, American is required to meet certain collateral coverage tests on an annual basis for its 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	34.8%	18.8%	40.9%	57.5%
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 European Union (including 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 2012-2 Class C(R) EETC equipment notes, as of December 31, 2018, is set forth in the table below.



	2012-2C(R) EETCs
	Series C(R)
Aggregate principal issued	$100 million
Fixed interest rate per annum	4.70%
Maturity date	June 2021

Certain information regarding the 2017-2 EETC equipment notes, as of December 31, 2018, 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
Fixed interest rate per annum	3.35%	3.60%	3.70%
Maturity date	October 2029	October 2029	October 2025