XML 23 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating revenues:        
Operating revenues $ 3,173 $ 11,911 $ 13,309 $ 34,455
Operating expenses:        
Aircraft fuel and related taxes 453 1,989 2,065 5,710
Salaries, wages and benefits 2,705 3,219 8,384 9,509
Regional expenses 914 1,933 3,638 5,582
Maintenance, materials and repairs 337 610 1,253 1,745
Other rent and landing fees 367 530 1,149 1,568
Aircraft rent 336 335 1,004 996
Selling expenses 70 424 418 1,194
Depreciation and amortization 498 499 1,557 1,469
Special items, net (295) 228 (657) 487
Other 659 1,336 2,404 3,859
Total operating expenses 6,044 11,103 21,215 32,119
Operating income (loss) (2,871) 808 (7,906) 2,336
Nonoperating income (expense):        
Interest income 5 34 36 103
Interest expense, net (340) (284) (851) (830)
Other income (expense), net 111 (1) 77 76
Total nonoperating expense, net (224) (251) (738) (651)
Income (loss) before income taxes (3,095) 557 (8,644) 1,685
Income tax provision (benefit) (696) 132 (1,937) 413
Net income (loss) $ (2,399) $ 425 $ (6,707) $ 1,272
Earnings (loss) per common share:        
Basic (in dollars per share) $ (4.71) $ 0.96 $ (14.76) $ 2.85
Diluted (in dollars per share) $ (4.71) $ 0.96 $ (14.76) $ 2.84
Weighted average shares outstanding:        
Basic (in shares) 509,049 441,915 454,523 446,291
Diluted (in shares) 509,049 442,401 454,523 447,139
Cash dividends declared per common share (in dollars per share) $ 0 $ 0.10 $ 0.10 $ 0.30
Passenger        
Operating revenues:        
Operating revenues $ 2,540 $ 10,995 $ 11,328 $ 31,663
Cargo        
Operating revenues:        
Operating revenues 207 208 484 647
Other        
Operating revenues:        
Operating revenues 426 708 1,497 2,145
American Airlines, Inc.        
Operating revenues:        
Operating revenues 3,172 11,910 13,308 34,449
Operating expenses:        
Aircraft fuel and related taxes 453 1,989 2,065 5,710
Salaries, wages and benefits 2,704 3,217 8,380 9,503
Regional expenses 852 1,913 3,500 5,616
Maintenance, materials and repairs 337 610 1,253 1,745
Other rent and landing fees 367 530 1,149 1,568
Aircraft rent 336 335 1,004 996
Selling expenses 70 424 418 1,194
Depreciation and amortization 498 499 1,557 1,469
Special items, net (295) 228 (657) 487
Other 659 1,337 2,425 3,860
Total operating expenses 5,981 11,082 21,094 32,148
Operating income (loss) (2,809) 828 (7,786) 2,301
Nonoperating income (expense):        
Interest income 72 131 268 389
Interest expense, net (310) (281) (825) (835)
Other income (expense), net 111 (10) 78 69
Total nonoperating expense, net (127) (160) (479) (377)
Income (loss) before income taxes (2,936) 668 (8,265) 1,924
Income tax provision (benefit) (660) 160 (1,852) 472
Net income (loss) (2,276) 508 (6,413) 1,452
American Airlines, Inc. | Passenger        
Operating revenues:        
Operating revenues 2,540 10,995 11,328 31,663
American Airlines, Inc. | Cargo        
Operating revenues:        
Operating revenues 207 208 484 647
American Airlines, Inc. | Other        
Operating revenues:        
Operating revenues $ 425 $ 707 $ 1,496 $ 2,139