Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | Apr. 22, 2019 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 | |
Trading Symbol | AAL | |
Entity Registrant Name | American Airlines Group Inc. | |
Entity Central Index Key | 0000006201 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Entity Common Stock, Shares Outstanding | 444,835,115 | |
American Airlines, Inc. [Member] | ||
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 | |
Entity Registrant Name | AMERICAN AIRLINES INC | |
Entity Central Index Key | 0000004515 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Entity Common Stock, Shares Outstanding | 1,000 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Net income | $ 185 | $ 159 |
Other comprehensive income (loss), net of tax: | ||
Pension, retiree medical and other postretirement benefits | (16) | (16) |
Investments | 3 | (2) |
Total other comprehensive loss, net of tax | (13) | (18) |
Total comprehensive income | 172 | 141 |
American Airlines, Inc. [Member] | ||
Net income | 230 | 209 |
Other comprehensive income (loss), net of tax: | ||
Pension, retiree medical and other postretirement benefits | (16) | (16) |
Investments | 3 | (2) |
Total other comprehensive loss, net of tax | (13) | (18) |
Total comprehensive income | $ 217 | $ 191 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Millions | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Operating revenues: | ||
Operating revenues | $ 10,584 | $ 10,401 |
Operating expenses: | ||
Aircraft fuel and related taxes | 1,726 | 1,763 |
Salaries, wages and benefits | 3,090 | 3,017 |
Regional expenses | 1,763 | 1,698 |
Maintenance, materials and repairs | 561 | 469 |
Other rent and landing fees | 503 | 467 |
Aircraft rent | 327 | 309 |
Selling expenses | 370 | 356 |
Depreciation and amortization | 480 | 440 |
Special items, net | 138 | 225 |
Other | 1,251 | 1,261 |
Total operating expenses | 10,209 | 10,005 |
Operating income | 375 | 396 |
Nonoperating income (expense): | ||
Interest income | 33 | 25 |
Interest expense, net | (271) | (262) |
Other income, net | 108 | 79 |
Total nonoperating expense, net | (130) | (158) |
Income before income taxes | 245 | 238 |
Income tax provision | 60 | 79 |
Net income | $ 185 | $ 159 |
Earnings per common share: | ||
Basic (in dollars per share) | $ 0.41 | $ 0.34 |
Diluted (in dollars per share) | $ 0.41 | $ 0.34 |
Weighted average shares outstanding (in thousands): | ||
Basic (in shares) | 451,951 | 472,297 |
Diluted (in shares) | 453,429 | 474,598 |
Cash dividends declared per common share (in dollars per share) | $ 0.10 | $ 0.1 |
Passenger [Member] | ||
Operating revenues: | ||
Operating revenues | $ 9,658 | $ 9,480 |
Cargo [Member] | ||
Operating revenues: | ||
Operating revenues | 218 | 227 |
Other [Member] | ||
Operating revenues: | ||
Operating revenues | 708 | 694 |
American Airlines, Inc. [Member] | ||
Operating revenues: | ||
Operating revenues | 10,581 | 10,398 |
Operating expenses: | ||
Aircraft fuel and related taxes | 1,726 | 1,763 |
Salaries, wages and benefits | 3,089 | 3,014 |
Regional expenses | 1,791 | 1,682 |
Maintenance, materials and repairs | 561 | 469 |
Other rent and landing fees | 503 | 467 |
Aircraft rent | 327 | 309 |
Selling expenses | 370 | 356 |
Depreciation and amortization | 480 | 440 |
Special items, net | 138 | 225 |
Other | 1,251 | 1,261 |
Total operating expenses | 10,236 | 9,986 |
Operating income | 345 | 412 |
Nonoperating income (expense): | ||
Interest income | 127 | 73 |
Interest expense, net | (277) | (250) |
Other income, net | 109 | 79 |
Total nonoperating expense, net | (41) | (98) |
Income before income taxes | 304 | 314 |
Income tax provision | 74 | 105 |
Net income | 230 | 209 |
American Airlines, Inc. [Member] | Passenger [Member] | ||
Operating revenues: | ||
Operating revenues | 9,658 | 9,480 |
American Airlines, Inc. [Member] | Cargo [Member] | ||
Operating revenues: | ||
Operating revenues | 218 | 227 |
American Airlines, Inc. [Member] | Other [Member] | ||
Operating revenues: | ||
Operating revenues | $ 705 | $ 691 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Millions | Mar. 31, 2019 | Dec. 31, 2018 |
Current assets | ||
Cash | $ 337 | $ 275 |
Short-term investments | 4,012 | 4,485 |
Restricted cash and short-term investments | 156 | 154 |
Accounts receivable, net | 1,876 | 1,706 |
Aircraft fuel, spare parts and supplies, net | 1,666 | 1,522 |
Prepaid expenses and other | 607 | 495 |
Total current assets | 8,654 | 8,637 |
Operating property and equipment | ||
Flight equipment | 42,013 | 41,499 |
Ground property and equipment | 8,932 | 8,764 |
Equipment purchase deposits | 1,211 | 1,278 |
Total property and equipment, at cost | 52,156 | 51,541 |
Less accumulated depreciation and amortization | (17,746) | (17,443) |
Total property and equipment, net | 34,410 | 34,098 |
Operating lease right-of-use assets | 9,124 | 9,151 |
Other assets | ||
Goodwill | 4,091 | 4,091 |
Intangibles, net of accumulated amortization of $673 and $663, respectively | 2,115 | 2,137 |
Deferred tax asset | 1,007 | 1,145 |
Other assets | 1,386 | 1,321 |
Total other assets | 8,599 | 8,694 |
Total assets | 60,787 | 60,580 |
Current liabilities | ||
Current maturities of long-term debt and finance leases | 3,370 | 3,294 |
Accounts payable | 2,139 | 1,773 |
Accrued salaries and wages | 1,217 | 1,427 |
Operating lease liabilities | 1,629 | 1,654 |
Other accrued liabilities | 2,210 | 2,342 |
Total current liabilities | 19,849 | 18,096 |
Noncurrent liabilities | ||
Long-term debt and finance leases, net of current maturities | 20,660 | 21,179 |
Pension and postretirement benefits | 6,519 | 6,907 |
Loyalty program liability | 5,214 | 5,272 |
Operating lease liabilities | 7,785 | 7,902 |
Other liabilities | 1,396 | 1,393 |
Total noncurrent liabilities | 41,574 | 42,653 |
Commitments and contingencies | ||
Stockholders’ equity (deficit) | ||
Common stock | 5 | 5 |
Additional paid-in capital | 4,371 | 4,964 |
Accumulated other comprehensive loss | (5,909) | (5,896) |
Retained earnings | 897 | 758 |
Total stockholders’ deficit | (636) | (169) |
Total liabilities and stockholders’ equity (deficit) | 60,787 | 60,580 |
Air traffic liability [Member] | ||
Current liabilities | ||
Deferred revenue, current | 5,930 | 4,339 |
Loyalty program liability [Member] | ||
Current liabilities | ||
Deferred revenue, current | 3,354 | 3,267 |
American Airlines, Inc. [Member] | ||
Current assets | ||
Cash | 328 | 265 |
Short-term investments | 4,010 | 4,482 |
Restricted cash and short-term investments | 156 | 154 |
Accounts receivable, net | 1,953 | 1,755 |
Receivables from related parties, net | 11,422 | 10,666 |
Aircraft fuel, spare parts and supplies, net | 1,584 | 1,442 |
Prepaid expenses and other | 601 | 493 |
Total current assets | 20,054 | 19,257 |
Operating property and equipment | ||
Flight equipment | 41,678 | 41,180 |
Ground property and equipment | 8,612 | 8,466 |
Equipment purchase deposits | 1,211 | 1,277 |
Total property and equipment, at cost | 51,501 | 50,923 |
Less accumulated depreciation and amortization | (17,418) | (17,123) |
Total property and equipment, net | 34,083 | 33,800 |
Operating lease right-of-use assets | 9,070 | 9,094 |
Other assets | ||
Goodwill | 4,091 | 4,091 |
Intangibles, net of accumulated amortization of $673 and $663, respectively | 2,115 | 2,137 |
Deferred tax asset | 1,100 | 1,280 |
Other assets | 1,284 | 1,219 |
Total other assets | 8,590 | 8,727 |
Total assets | 71,797 | 70,878 |
Current liabilities | ||
Current maturities of long-term debt and finance leases | 2,122 | 2,547 |
Accounts payable | 2,070 | 1,707 |
Accrued salaries and wages | 1,165 | 1,363 |
Operating lease liabilities | 1,615 | 1,639 |
Other accrued liabilities | 2,119 | 2,259 |
Total current liabilities | 18,375 | 17,121 |
Noncurrent liabilities | ||
Long-term debt and finance leases, net of current maturities | 20,631 | 20,650 |
Pension and postretirement benefits | 6,475 | 6,863 |
Loyalty program liability | 5,214 | 5,272 |
Operating lease liabilities | 7,743 | 7,857 |
Other liabilities | 1,347 | 1,345 |
Total noncurrent liabilities | 41,410 | 41,987 |
Commitments and contingencies | ||
Stockholders’ equity (deficit) | ||
Common stock | 0 | 0 |
Additional paid-in capital | 16,827 | 16,802 |
Accumulated other comprehensive loss | (6,005) | (5,992) |
Retained earnings | 1,190 | 960 |
Total stockholders’ deficit | 12,012 | 11,770 |
Total liabilities and stockholders’ equity (deficit) | 71,797 | 70,878 |
American Airlines, Inc. [Member] | Air traffic liability [Member] | ||
Current liabilities | ||
Deferred revenue, current | 5,930 | 4,339 |
American Airlines, Inc. [Member] | Loyalty program liability [Member] | ||
Current liabilities | ||
Deferred revenue, current | $ 3,354 | $ 3,267 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions | Mar. 31, 2019 | Dec. 31, 2018 |
Accumulated amortization of intangibles | $ 673 | $ 663 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 1,750,000,000 | 1,750,000,000 |
Common stock, shares issued (in shares) | 444,216,229 | 460,610,870 |
Common stock, shares outstanding (in shares) | 444,216,229 | 460,610,870 |
American Airlines, Inc. [Member] | ||
Accumulated amortization of intangibles | $ 673 | $ 663 |
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, shares authorized (in shares) | 1,000 | 1,000 |
Common stock, shares issued (in shares) | 1,000 | 1,000 |
Common stock, shares outstanding (in shares) | 1,000 | 1,000 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | ||
Net cash provided by operating activities | $ 1,651 | $ 1,800 | |
Cash flows from investing activities: | |||
Capital expenditures and aircraft purchase deposits | (1,305) | (779) | |
Proceeds from sale of property and equipment and sale-leaseback transactions | 359 | 22 | |
Purchases of short-term investments | (570) | (1,252) | |
Sales of short-term investments | 1,051 | 1,029 | |
Decrease (increase) in restricted short-term investments | (1) | 24 | |
Other investing activities | (14) | 0 | |
Net cash used in investing activities | (480) | (956) | |
Cash flows from financing activities: | |||
Proceeds from issuance of long-term debt | 400 | 236 | |
Payments on long-term debt and finance leases | (849) | (568) | |
Deferred financing costs | (6) | (1) | |
Treasury stock repurchases | (608) | (461) | |
Dividend payments | (46) | (48) | |
Net cash used in financing activities | (1,109) | (842) | |
Net increase in cash and restricted cash | 62 | 2 | |
Cash and restricted cash at beginning of period | 286 | 398 | |
Cash and restricted cash at end of period | [1] | 348 | 400 |
Operating leases | |||
Operating leases | 332 | 43 | |
Finance leases | 2 | 0 | |
Supplemental information: | |||
Interest paid, net | 267 | 258 | |
Income taxes paid | 3 | 3 | |
American Airlines, Inc. [Member] | |||
Net cash provided by operating activities | 956 | 1,263 | |
Cash flows from investing activities: | |||
Capital expenditures and aircraft purchase deposits | (1,263) | (762) | |
Proceeds from sale of property and equipment and sale-leaseback transactions | 359 | 19 | |
Purchases of short-term investments | (570) | (1,244) | |
Sales of short-term investments | 1,051 | 1,029 | |
Decrease (increase) in restricted short-term investments | (1) | 24 | |
Other investing activities | (14) | 0 | |
Net cash used in investing activities | (438) | (934) | |
Cash flows from financing activities: | |||
Proceeds from issuance of long-term debt | 400 | 236 | |
Payments on long-term debt and finance leases | (849) | (568) | |
Deferred financing costs | (6) | (1) | |
Net cash used in financing activities | (455) | (333) | |
Net increase in cash and restricted cash | 63 | (4) | |
Cash and restricted cash at beginning of period | 276 | 390 | |
Cash and restricted cash at end of period | [2] | 339 | 386 |
Operating leases | |||
Operating leases | 332 | 36 | |
Finance leases | 2 | 0 | |
Supplemental information: | |||
Interest paid, net | 256 | 246 | |
Income taxes paid | $ 3 | $ 3 | |
[1] | The following table provides a reconciliation of cash and restricted cash to amounts reported within the condensed consolidated balance sheets:Cash$337 $297Restricted cash included in restricted cash and short-term investments11 103Total cash and restricted cash$348 $400 | ||
[2] | The following table provides a reconciliation of cash and restricted cash to amounts reported within the condensed consolidated balance sheets:Cash$328 $283Restricted cash included in restricted cash and short-term investments11 103Total cash and restricted cash$339 $386 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | ||
Cash | $ 337 | $ 275 | $ 297 | ||
Restricted cash included in restricted cash and short-term investments | 11 | 103 | |||
Total cash and restricted cash | 348 | [1] | 286 | 400 | [1] |
American Airlines, Inc. [Member] | |||||
Cash | 328 | 265 | 283 | ||
Restricted cash included in restricted cash and short-term investments | 11 | 103 | |||
Total cash and restricted cash | $ 339 | [2] | $ 276 | $ 386 | [2] |
[1] | The following table provides a reconciliation of cash and restricted cash to amounts reported within the condensed consolidated balance sheets:Cash$337 $297Restricted cash included in restricted cash and short-term investments11 103Total cash and restricted cash$348 $400 | ||||
[2] | The following table provides a reconciliation of cash and restricted cash to amounts reported within the condensed consolidated balance sheets:Cash$328 $283Restricted cash included in restricted cash and short-term investments11 103Total cash and restricted cash$339 $386 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Millions | Total | American Airlines, Inc. [Member] | Common Stock [Member] | Common Stock [Member]American Airlines, Inc. [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member]American Airlines, Inc. [Member] | Accumulated Other Comprehensive Loss [Member] | Accumulated Other Comprehensive Loss [Member]American Airlines, Inc. [Member] | Retained Earnings (Deficit) [Member] | Retained Earnings (Deficit) [Member]American Airlines, Inc. [Member] |
Beginning Balance at Dec. 31, 2017 | $ (780) | $ 9,888 | $ 5 | $ 0 | $ 5,714 | $ 16,716 | $ (5,776) | $ (5,873) | $ (723) | $ (955) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||
Net income | 159 | 209 | 159 | 209 | ||||||
Net income | Accounting Standards Update 2016-02 [Member] | (27) | (27) | ||||||||
Other comprehensive loss, net | (18) | (18) | (18) | (18) | ||||||
Purchase and retirement of AAG common stock | (449) | 0 | (449) | |||||||
Dividends declared on AAG common stock | (48) | (48) | ||||||||
Issuance of shares of AAG common stock pursuant to employee stock plans net of shares withheld for cash taxes | (10) | (10) | ||||||||
Share-based compensation expense | 24 | 24 | 24 | 24 | ||||||
Ending Balance at Mar. 31, 2018 | (865) | 10,360 | 5 | 0 | 5,279 | 16,740 | (5,794) | (5,891) | (355) | (489) |
Beginning Balance at Dec. 31, 2018 | (169) | 11,770 | 5 | 0 | 4,964 | 16,802 | (5,896) | (5,992) | 758 | 960 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||
Net income | 185 | 230 | 185 | 230 | ||||||
Other comprehensive loss, net | (13) | (13) | (13) | (13) | ||||||
Purchase and retirement of AAG common stock | (610) | 0 | (610) | |||||||
Dividends declared on AAG common stock | (46) | (46) | ||||||||
Issuance of shares of AAG common stock pursuant to employee stock plans net of shares withheld for cash taxes | (8) | (8) | ||||||||
Share-based compensation expense | 25 | 25 | 25 | 25 | ||||||
Ending Balance at Mar. 31, 2019 | $ (636) | $ 12,012 | $ 5 | $ 0 | $ 4,371 | $ 16,827 | $ (5,909) | $ (6,005) | $ 897 | $ 1,190 |
Consolidated Statements of St_2
Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Statement of Stockholders' Equity [Abstract] | ||
Purchase and retirement of common stock (in shares) | 16,947,393 | 8,431,150 |
Dividends declared on common stock (in dollars per share) | $ 0.10 | $ 0.1 |
Issuance of shares of common stock pursuant to employee stock plans (in shares) | 552,752 | 313,744 |
Basis of Presentation and Recen
Basis of Presentation and Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2019 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
Basis of Presentation and Recent Accounting Pronouncements | Basis of Presentation and Recent Accounting Pronouncements (a) Basis of Presentation The accompanying unaudited condensed consolidated financial statements of American Airlines Group Inc. (we, us, our and similar terms, or AAG) should be read in conjunction with the consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2018 . The accompanying unaudited condensed consolidated financial statements include the accounts of AAG and its wholly-owned subsidiaries. AAG’s principal subsidiary is American Airlines, Inc. (American). All significant intercompany transactions have been eliminated. Management believes that all adjustments necessary for the fair presentation of results, consisting of normally recurring items, have been included in the unaudited condensed consolidated financial statements for the interim periods presented. The preparation of financial statements in accordance with accounting principles generally accepted in the United States (GAAP) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The most significant areas of judgment relate to passenger revenue recognition, impairment of goodwill, impairment of long-lived and intangible assets, the loyalty program, as well as pension and retiree medical and other postretirement benefits. In the fourth quarter of 2018, we adopted ASU 2016-02: Leases (Topic 842) (the New Lease Standard) as of January 1, 2018. In accordance with the New Lease Standard, 2018 periods have been recast to reflect the effects of this adoption. As a result of the adoption of the New Lease Standard, our first quarter of 2018 net income decreased by $27 million . (b) Recent Accounting Pronouncements ASU 2018-02: Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income This ASU provides the option to reclassify stranded tax effects within accumulated other comprehensive income to retained earnings due to the U.S. federal corporate income tax rate change as a result of H.R. 1, the 2017 Tax Cuts and Jobs Act (the 2017 Tax Act). The amount of the reclassification is the difference between the amount initially charged or credited directly to other comprehensive income at the previous U.S. federal corporate income tax rate that remains in accumulated other comprehensive income and the amount that would have been charged or credited directly to other comprehensive income using the newly enacted U.S. federal corporate income tax rate, excluding the effect of any valuation allowance previously charged to income from continuing operations. This standard is effective for interim and annual reporting periods beginning after December 15, 2018. In the first quarter of 2019, we adopted this standard retrospectively as of December 22, 2017, the date the 2017 Tax Act was enacted, which resulted in the recast of prior reporting periods. As a result of the adoption, we reclassified $622 million of stranded tax effects principally related to our pension plans from accumulated other comprehensive loss to retained earnings. |
American Airlines, Inc. [Member] | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
Basis of Presentation and Recent Accounting Pronouncements | Basis of Presentation and Recent Accounting Pronouncements (a) Basis of Presentation The accompanying unaudited condensed consolidated financial statements of American Airlines, Inc. (American) should be read in conjunction with the consolidated financial statements contained in American’s Annual Report on Form 10-K for the year ended December 31, 2018 . American is the principal wholly-owned subsidiary of American Airlines Group Inc. (AAG). All significant intercompany transactions have been eliminated. Management believes that all adjustments necessary for the fair presentation of results, consisting of normally recurring items, have been included in the unaudited condensed consolidated financial statements for the interim periods presented. The preparation of financial statements in accordance with accounting principles generally accepted in the United States (GAAP) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The most significant areas of judgment relate to passenger revenue recognition, impairment of goodwill, impairment of long-lived and intangible assets, the loyalty program, as well as pension and retiree medical and other postretirement benefits. In the fourth quarter of 2018, American adopted ASU 2016-02: Leases (Topic 842) (the New Lease Standard) as of January 1, 2018. In accordance with the New Lease Standard, 2018 periods have been recast to reflect the effects of this adoption. As a result of the adoption of the New Lease Standard, American's first quarter of 2018 net income decreased by $27 million . (b) Recent Accounting Pronouncements ASU 2018-02: Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income This ASU provides the option to reclassify stranded tax effects within accumulated other comprehensive income to retained earnings due to the U.S. federal corporate income tax rate change as a result of H.R. 1, the 2017 Tax Cuts and Jobs Act (the 2017 Tax Act). The amount of the reclassification is the difference between the amount initially charged or credited directly to other comprehensive income at the previous U.S. federal corporate income tax rate that remains in accumulated other comprehensive income and the amount that would have been charged or credited directly to other comprehensive income using the newly enacted U.S. federal corporate income tax rate, excluding the effect of any valuation allowance previously charged to income from continuing operations. This standard is effective for interim and annual reporting periods beginning after December 15, 2018. In the first quarter of 2019, American adopted this standard retrospectively as of December 22, 2017, the date the 2017 Tax Act was enacted, which resulted in the recast of prior reporting periods. As a result of the adoption, American reclassified $622 million of stranded tax effects principally related to its pension plans from accumulated other comprehensive loss to retained earnings. |
Special Items, Net
Special Items, Net | 3 Months Ended |
Mar. 31, 2019 | |
Restructuring Cost and Reserve [Line Items] | |
Special Items, Net | Special Items, Net Special items, net in the condensed consolidated statements of operations consisted of the following (in millions): Three Months Ended March 31, 2019 2018 Fleet restructuring expenses (1) $ 83 $ 112 Merger integration expenses (2) 37 59 Litigation settlement — 40 Labor contract expenses — 13 Other operating charges, net 18 1 Mainline operating special items, net 138 225 Mark-to-market adjustments on equity investments, net (3) (76 ) — Other nonoperating charges, net 7 — Nonoperating special items, net (69 ) — Income tax special items, net (4) — 22 (1) Fleet restructuring expenses principally included accelerated depreciation and rent expense for aircraft and related equipment grounded or expected to be grounded earlier than planned. (2) Merger integration expenses included costs associated with integration projects, principally our technical operations, flight attendant, human resources and payroll systems. (3) Mark-to-market adjustments on equity investments relate to net unrealized gains primarily associated with our equity investment in China Southern Airlines Company Limited (China Southern Airlines). (4) Income tax special items for the three months ended March 31, 2018 included a $22 million charge to income tax expense to establish a required valuation allowance related to our estimated refund for Alternative Minimum Tax (AMT) credits. |
American Airlines, Inc. [Member] | |
Restructuring Cost and Reserve [Line Items] | |
Special Items, Net | Special Items, Net Special items, net in the condensed consolidated statements of operations consisted of the following (in millions): Three Months Ended March 31, 2019 2018 Fleet restructuring expenses (1) $ 83 $ 112 Merger integration expenses (2) 37 59 Litigation settlement — 40 Labor contract expenses — 13 Other operating charges, net 18 1 Mainline operating special items, net 138 225 Mark-to-market adjustments on equity investments, net (3) (76 ) — Other nonoperating charges, net 7 — Nonoperating special items, net (69 ) — Income tax special items, net (4) — 30 (1) Fleet restructuring expenses principally included accelerated depreciation and rent expense for aircraft and related equipment grounded or expected to be grounded earlier than planned. (2) Merger integration expenses included costs associated with integration projects, principally American's technical operations, flight attendant, human resources and payroll systems. (3) Mark-to-market adjustments on equity investments relate to net unrealized gains primarily associated with American's equity investment in China Southern Airlines Company Limited (China Southern Airlines). (4) Income tax special items for the three months ended March 31, 2018 included a $30 million charge to income tax expense to establish a required valuation allowance related to American's estimated refund for Alternative Minimum Tax (AMT) credits. |
Earnings Per Common Share
Earnings Per Common Share | 3 Months Ended |
Mar. 31, 2019 | |
Earnings Per Share [Abstract] | |
Earnings Per Common Share | Earnings Per Common Share The following table sets forth the computation of basic and diluted earnings per common share (EPS) (in millions, except share and per share amounts): Three Months Ended March 31, 2019 2018 Basic EPS: Net income $ 185 $ 159 Weighted average common shares outstanding (in thousands) 451,951 472,297 Basic EPS $ 0.41 $ 0.34 Diluted EPS: Net income for purposes of computing diluted EPS $ 185 $ 159 Share computation for diluted EPS (in thousands): Basic weighted average common shares outstanding 451,951 472,297 Dilutive effect of stock awards 1,478 2,301 Diluted weighted average common shares outstanding 453,429 474,598 Diluted EPS $ 0.41 $ 0.34 Restricted stock unit awards excluded from the calculation of diluted EPS because inclusion would be antidilutive (in thousands) 2,267 1 |
Share Repurchase Programs and D
Share Repurchase Programs and Dividends | 3 Months Ended |
Mar. 31, 2019 | |
Equity [Abstract] | |
Share Repurchase Programs and Dividends | Share Repurchase Programs and Dividends In April 2018, we announced that our Board of Directors authorized a $2.0 billion share repurchase program that expires on December 31, 2020. Since July 2014, our Board of Directors has approved seven share repurchase programs aggregating $13.0 billion of authority. As of March 31, 2019 , there was $1.1 billion of remaining authority to repurchase shares under our current $2.0 billion share repurchase program. Share repurchases under our repurchase programs may be made through a variety of methods, which may include open market purchases, privately negotiated transactions, block trades or accelerated share repurchase transactions. Any such repurchases that may be made from time to time will be subject to market and economic conditions, applicable legal requirements and other relevant factors. We are not obligated to repurchase any specific number of shares and our repurchase of AAG common stock may be limited, suspended or discontinued at any time at our discretion and without prior notice. During the three months ended March 31, 2019 , we repurchased 16.7 million shares of AAG common stock for $600 million at a weighted average cost per share of $36.02 . Since the inception of our share repurchase programs in July 2014 through March 31, 2019 , we repurchased 295.6 million shares of AAG common stock for $11.9 billion at a weighted average cost per share of $40.43 . In January 2019, our Board of Directors declared a cash dividend of $0.10 per share for stockholders of record as of February 6, 2019 and paid on February 20, 2019 , totaling $46 million for the first three months of 2019. |
Revenue Recognition
Revenue Recognition | 3 Months Ended |
Mar. 31, 2019 | |
Entity Information [Line Items] | |
Revenue Recognition | Revenue Recognition Revenue The following are the significant categories comprising our reported operating revenues (in millions): Three Months Ended March 31, 2019 2018 Passenger revenue: Passenger travel $ 8,772 $ 8,630 Loyalty revenue - travel (1) 886 850 Total passenger revenue 9,658 9,480 Cargo 218 227 Other: Loyalty revenue - marketing services 578 570 Other revenue 130 124 Total other revenue 708 694 Total operating revenues $ 10,584 $ 10,401 (1) Loyalty revenue included in passenger revenue is principally comprised of mileage credit redemptions earned through travel and mileage credits sold to co-branded credit card and other partners. See "Loyalty Revenue" below for further discussion on these mileage credits. The following is our total passenger revenue by geographic region (in millions): Three Months Ended March 31, 2019 2018 Domestic $ 7,226 $ 6,963 Latin America 1,371 1,445 Atlantic 673 669 Pacific 388 403 Total passenger revenue $ 9,658 $ 9,480 We attribute passenger revenue by geographic region based upon the origin and destination of each flight segment. Contract Balances Our significant contract liabilities are comprised of (1) outstanding loyalty program mileage credits that may be redeemed for future travel and other non-air travel awards, reported as loyalty program liability on the condensed consolidated balance sheets and (2) ticket sales for transportation that has not yet been provided, reported as air traffic liability on the condensed consolidated balance sheets. March 31, 2019 December 31, 2018 (In millions) Loyalty program liability $ 8,568 $ 8,539 Air traffic liability 5,930 4,339 Total $ 14,498 $ 12,878 The balance of the loyalty program liability fluctuates based on seasonal patterns, which impact the volume of mileage credits issued through travel or sold to co-branded credit card and other partners (deferral of revenue) and mileage credits redeemed (recognition of revenue). Changes in loyalty program liability are as follows (in millions): Balance at December 31, 2018 $ 8,539 Deferral of revenue 963 Recognition of revenue (1) (934 ) Balance at March 31, 2019 (2) $ 8,568 (1) Principally relates to revenue recognized from the redemption of mileage credits for both air and non-air travel awards. Mileage credits are combined in one homogenous pool and are not separately identifiable. As such, the revenue is comprised of miles that were part of the loyalty program deferred revenue balance at the beginning of the period as well as miles that were issued during the period. (2) Mileage credits can be redeemed at any time and do not expire as long as that AAdvantage member has any type of qualifying activity at least every 18 months. As of March 31, 2019 , our current loyalty program liability was $3.4 billion and represents our current estimate of revenue expected to be recognized in the next twelve months based on historical trends, with the balance reflected in long-term loyalty program liability expected to be recognized as revenue in periods thereafter. The air traffic liability principally represents tickets sold for future travel on American and partner airlines, as well as estimated future refunds and exchanges of tickets sold for past travel. The balance in our air traffic liability also fluctuates with seasonal travel patterns. The contract duration of passenger tickets is one year . Accordingly, any revenue associated with tickets sold for future travel will be recognized within twelve months. For the three months ended March 31, 2019 , $2.6 billion of revenue was recognized in passenger revenue that was included in our air traffic liability at December 31, 2018 . |
American Airlines, Inc. [Member] | |
Entity Information [Line Items] | |
Revenue Recognition | Revenue Recognition Revenue The following are the significant categories comprising American's reported operating revenues (in millions): Three Months Ended March 31, 2019 2018 Passenger revenue: Passenger travel $ 8,772 $ 8,630 Loyalty revenue - travel (1) 886 850 Total passenger revenue 9,658 9,480 Cargo 218 227 Other: Loyalty revenue - marketing services 578 570 Other revenue 127 121 Total other revenue 705 691 Total operating revenues $ 10,581 $ 10,398 (1) Loyalty revenue included in passenger revenue is principally comprised of mileage credit redemptions earned through travel and mileage credits sold to co-branded credit card and other partners. See "Loyalty Revenue" below for further discussion on these mileage credits. The following is American's total passenger revenue by geographic region (in millions): Three Months Ended March 31, 2019 2018 Domestic $ 7,226 $ 6,963 Latin America 1,371 1,445 Atlantic 673 669 Pacific 388 403 Total passenger revenue $ 9,658 $ 9,480 American attributes passenger revenue by geographic region based upon the origin and destination of each flight segment. Contract Balances American's significant contract liabilities are comprised of (1) outstanding loyalty program mileage credits that may be redeemed for future travel and other non-air travel awards, reported as loyalty program liability on the condensed consolidated balance sheets and (2) ticket sales for transportation that has not yet been provided, reported as air traffic liability on the condensed consolidated balance sheets. March 31, 2019 December 31, 2018 (In millions) Loyalty program liability $ 8,568 $ 8,539 Air traffic liability 5,930 4,339 Total $ 14,498 $ 12,878 The balance of the loyalty program liability fluctuates based on seasonal patterns, which impact the volume of mileage credits issued through travel or sold to co-branded credit card and other partners (deferral of revenue) and mileage credits redeemed (recognition of revenue). Changes in loyalty program liability are as follows (in millions): Balance at December 31, 2018 $ 8,539 Deferral of revenue 963 Recognition of revenue (1) (934 ) Balance at March 31, 2019 (2) $ 8,568 (1) Principally relates to revenue recognized from the redemption of mileage credits for both air and non-air travel awards. Mileage credits are combined in one homogenous pool and are not separately identifiable. As such, the revenue is comprised of miles that were part of the loyalty program deferred revenue balance at the beginning of the period, as well as miles that were issued during the period. (2) Mileage credits can be redeemed at any time and do not expire as long as that AAdvantage member has any type of qualifying activity at least every 18 months. As of March 31, 2019 , American's current loyalty program liability was $3.4 billion and represents American's current estimate of revenue expected to be recognized in the next twelve months based on historical trends, with the balance reflected in long-term loyalty program liability expected to be recognized as revenue in periods thereafter. The air traffic liability principally represents tickets sold for future travel on American and partner airlines, as well as estimated future refunds and exchanges of tickets sold for past travel. The balance in American's air traffic liability also fluctuates with seasonal travel patterns. The contract duration of passenger tickets is one year . Accordingly, any revenue associated with tickets sold for future travel will be recognized within twelve months. For the three months ended March 31, 2019 , $2.6 billion of revenue was recognized in passenger revenue that was included in American's air traffic liability at December 31, 2018 . |
Debt
Debt | 3 Months Ended |
Mar. 31, 2019 | |
Debt Instrument [Line Items] | |
Debt | Debt Long-term debt included in the condensed consolidated balance sheets consisted of (in millions): March 31, 2019 December 31, 2018 Secured 2013 Credit Facilities, variable interest rate of 4.24%, installments through 2025 $ 1,825 $ 1,825 2014 Credit Facilities, variable interest rate of 4.49%, installments through 2021 1,215 1,215 April 2016 Credit Facilities, variable interest rate of 4.50%, installments through 2023 980 980 December 2016 Credit Facilities, variable interest rate of 4.48%, installments through 2023 1,225 1,225 Aircraft enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 3.00% to 8.39%, averaging 4.17%, maturing from 2019 to 2029 11,059 11,648 Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.34% to 7.89%, averaging 4.27%, maturing from 2019 to 2031 5,217 5,060 Special facility revenue bonds, fixed interest rates ranging from 5.00% to 8.00%, maturing from 2019 to 2031 798 798 22,319 22,751 Unsecured 5.50% senior notes, interest only payments until due in October 2019 750 750 4.625% senior notes, interest only payments until due in March 2020 500 500 1,250 1,250 Total long-term debt 23,569 24,001 Less: Total unamortized debt discount, premium and issuance costs 218 222 Less: Current maturities 3,286 3,213 Long-term debt, net of current maturities $ 20,065 $ 20,566 The table below shows the maximum availability under revolving credit facilities, all of which were undrawn, as of March 31, 2019 (in millions): 2013 Revolving Facility $ 1,000 2014 Revolving Facility 1,543 April 2016 Revolving Facility 300 Total $ 2,843 The December 2016 Credit Facilities provide for a revolving credit facility that may be established in the future. 2019 Aircraft Financing Activities Equipment Notes Issued in 2019 In the first three months of 2019 , American entered into agreements under which it borrowed $400 million in connection with the financing of certain aircraft. Debt incurred under these agreements matures in 2031 and bears interest at variable rates (comprised of LIBOR plus an applicable margin) averaging 4.07 % at March 31, 2019 . |
American Airlines, Inc. [Member] | |
Debt Instrument [Line Items] | |
Debt | Debt Long-term debt included in the condensed consolidated balance sheets consisted of (in millions): March 31, 2019 December 31, 2018 Secured 2013 Credit Facilities, variable interest rate of 4.24%, installments through 2025 $ 1,825 $ 1,825 2014 Credit Facilities, variable interest rate of 4.49%, installments through 2021 1,215 1,215 April 2016 Credit Facilities, variable interest rate of 4.50%, installments through 2023 980 980 December 2016 Credit Facilities, variable interest rate of 4.48%, installments through 2023 1,225 1,225 Aircraft enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 3.00% to 8.39%, averaging 4.17%, maturing from 2019 to 2029 11,059 11,648 Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.34% to 7.89%, averaging 4.27%, maturing from 2019 to 2031 5,217 5,060 Special facility revenue bonds, fixed interest rates of 5.00%, maturing from 2019 to 2031 769 769 Total long-term debt 22,290 22,722 Less: Total unamortized debt discount, premium and issuance costs 215 219 Less: Current maturities 2,038 2,466 Long-term debt, net of current maturities $ 20,037 $ 20,037 The table below shows the maximum availability under revolving credit facilities, all of which were undrawn, as of March 31, 2019 (in millions): 2013 Revolving Facility $ 1,000 2014 Revolving Facility 1,543 April 2016 Revolving Facility 300 Total $ 2,843 The December 2016 Credit Facilities provide for a revolving credit facility that may be established in the future. 2019 Aircraft Financing Activities Equipment Notes Issued in 2019 In the first three months of 2019, American entered into agreements under which it borrowed $400 million in connection with the financing of certain aircraft. Debt incurred under these agreements matures in 2031 and bears interest at variable rates (comprised of LIBOR plus an applicable margin) averaging 4.07% at March 31, 2019 . |
Income Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2019 | |
Income Taxes [Line Items] | |
Income Taxes | Income Taxes At December 31, 2018 , we had approximately $10.2 billion of federal net operating losses (NOLs) carried over from prior taxable years (NOL Carryforwards) to reduce future federal taxable income, substantially all of which we expect to be available for use in 2019 . The federal NOL Carryforwards will expire beginning in 2022 if unused. We also had approximately $3.2 billion of NOL Carryforwards to reduce future state taxable income at December 31, 2018 , which will expire in years 2019 through 2038 if unused. At December 31, 2018 , we had an AMT credit carryforward of approximately $339 million available for federal income tax purposes, which is expected to be fully refundable over the next several years as a result of the repeal of corporate AMT. During the three months ended March 31, 2019 , we recorded an income tax provision of $60 million , which was substantially non-cash as we utilized our NOLs as described above. |
American Airlines, Inc. [Member] | |
Income Taxes [Line Items] | |
Income Taxes | Income Taxes At December 31, 2018 , American had approximately $10.6 billion of federal net operating losses (NOLs) carried over from prior taxable years (NOL Carryforwards) to reduce future federal taxable income, substantially all of which American expects to be available for use in 2019 . American is a member of AAG’s consolidated federal and certain state income tax returns. The amount of federal NOL Carryforwards available in those returns is $10.2 billion , substantially all of which is expected to be available for use in 2019 . The federal NOL Carryforwards will expire beginning in 2022 if unused. American also had approximately $3.1 billion of NOL Carryforwards to reduce future state taxable income at December 31, 2018 , which will expire in years 2019 through 2038 if unused. At December 31, 2018 , American had an AMT credit carryforward of approximately $452 million available for federal income tax purposes, which is expected to be fully refundable over the next several years as a result of the repeal of corporate AMT. During the three months ended March 31, 2019 , American recorded an income tax provision of $74 million , which was substantially non-cash as American utilized its NOLs as described above. |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2019 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value Measurements | Fair Value Measurements Assets Measured at Fair Value on a Recurring Basis We utilize the market approach to measure fair value for our financial assets. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets. Our short-term investments classified as Level 2 primarily utilize broker quotes in a non-active market for valuation of these securities. No changes in valuation techniques or inputs occurred during the three months ended March 31, 2019 . Assets measured at fair value on a recurring basis are summarized below (in millions): Fair Value Measurements as of March 31, 2019 Total Level 1 Level 2 Level 3 Short-term investments (1) (2) : Money market funds $ 12 $ 12 $ — $ — Corporate obligations 1,310 — 1,310 — Bank notes/certificates of deposit/time deposits 2,465 — 2,465 — Repurchase agreements 225 — 225 — 4,012 12 4,000 — Restricted cash and short-term investments (1) 156 12 144 — Long-term investments (3) 265 265 — — Total $ 4,433 $ 289 $ 4,144 $ — (1) Unrealized gains or losses on short-term investments are recorded in accumulated other comprehensive loss at each measurement date. (2) All short-term investments are classified as available-for-sale and stated at fair value. Our short-term investments mature in one year or less except for $1.2 billion of bank notes/certificates of deposit/time deposits and $188 million of corporate obligations. (3) Long-term investments primarily include our equity investment in China Southern Airlines, in which we presently own a 2.2% equity interest, and are classified in other assets on the condensed consolidated balance sheets. Fair Value of Debt The fair value of our long-term debt was estimated using quoted market prices or discounted cash flow analyses, based on our current estimated incremental borrowing rates for similar types of borrowing arrangements. If our long-term debt was measured at fair value, it would have been classified as Level 2 in the fair value hierarchy. The carrying value and estimated fair value of our long-term debt, including current maturities, were as follows (in millions): March 31, 2019 December 31, 2018 Carrying Fair Carrying Fair Long-term debt, including current maturities $ 23,351 $ 23,634 $ 23,779 $ 23,775 |
American Airlines, Inc. [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value Measurements | Fair Value Measurements Assets Measured at Fair Value on a Recurring Basis American utilizes the market approach to measure fair value for its financial assets. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets. American’s short-term investments classified as Level 2 primarily utilize broker quotes in a non-active market for valuation of these securities. No changes in valuation techniques or inputs occurred during the three months ended March 31, 2019 . Assets measured at fair value on a recurring basis are summarized below (in millions): Fair Value Measurements as of March 31, 2019 Total Level 1 Level 2 Level 3 Short-term investments (1) (2) : Money market funds $ 11 $ 11 $ — $ — Corporate obligations 1,310 — 1,310 — Bank notes/certificates of deposit/time deposits 2,464 — 2,464 — Repurchase agreements 225 — 225 — 4,010 11 3,999 — Restricted cash and short-term investments (1) 156 12 144 — Long-term investments (3) 265 265 — — Total $ 4,431 $ 288 $ 4,143 $ — (1) Unrealized gains or losses on short-term investments are recorded in accumulated other comprehensive loss at each measurement date. (2) All short-term investments are classified as available-for-sale and stated at fair value. American’s short-term investments mature in one year or less except for $1.2 billion of bank notes/certificates of deposit/time deposits and $188 million of corporate obligations. (3) Long-term investments primarily include American's equity investment in China Southern Airlines, in which American presently owns a 2.2% equity interest, and are classified in other assets on the condensed consolidated balance sheets. Fair Value of Debt The fair value of American’s long-term debt was estimated using quoted market prices or discounted cash flow analyses, based on American’s current estimated incremental borrowing rates for similar types of borrowing arrangements. If American’s long-term debt was measured at fair value, it would have been classified as Level 2 in the fair value hierarchy. The carrying value and estimated fair value of American’s long-term debt, including current maturities, were as follows (in millions): March 31, 2019 December 31, 2018 Carrying Fair Carrying Fair Long-term debt, including current maturities $ 22,075 $ 22,347 $ 22,503 $ 22,497 |
Employee Benefit Plans
Employee Benefit Plans | 3 Months Ended |
Mar. 31, 2019 | |
Defined Benefit Plan Disclosure [Line Items] | |
Employee Benefit Plans | Employee Benefit Plans The following table provides the components of net periodic benefit cost (income) (in millions): Pension Benefits Retiree Medical and Other Three Months Ended March 31, 2019 2018 2019 2018 Service cost $ 1 $ 1 $ 1 $ 1 Interest cost 176 169 8 9 Expected return on assets (204 ) (226 ) (4 ) (6 ) Amortization of: Prior service cost (benefit) 7 7 (59 ) (59 ) Unrecognized net loss (gain) 38 36 (8 ) (5 ) Net periodic benefit cost (income) $ 18 $ (13 ) $ (62 ) $ (60 ) Effective November 1, 2012, substantially all of our defined benefit pension plans were frozen. The components of net periodic benefit income other than the service cost component are included in nonoperating other income, net in the condensed consolidated statements of operations. During the first three months of 2019 , we made contributions of $364 million to our defined benefit pension plans. |
American Airlines, Inc. [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Employee Benefit Plans | Employee Benefit Plans The following table provides the components of net periodic benefit cost (income) (in millions): Pension Benefits Retiree Medical and Other Three Months Ended March 31, 2019 2018 2019 2018 Service cost $ 1 $ 1 $ 1 $ 1 Interest cost 175 168 8 9 Expected return on assets (203 ) (225 ) (4 ) (6 ) Amortization of: Prior service cost (benefit) 7 7 (59 ) (59 ) Unrecognized net loss (gain) 38 36 (8 ) (5 ) Net periodic benefit cost (income) $ 18 $ (13 ) $ (62 ) $ (60 ) Effective November 1, 2012, substantially all of American’s defined benefit pension plans were frozen. The components of net periodic benefit income other than the service cost component are included in nonoperating other income, net in the condensed consolidated statements of operations. During the first three months of 2019 , American made contributions of $364 million to its defined benefit pension plans. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Loss | 3 Months Ended |
Mar. 31, 2019 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss (AOCI) are as follows (in millions): Pension, Retiree Unrealized Gain (Loss) on Investments Income Tax (1) Total Balance at December 31, 2018 $ (4,673 ) $ (5 ) $ (1,218 ) $ (5,896 ) Other comprehensive income (loss) before reclassifications — 4 (1 ) 3 Amounts reclassified from AOCI (22 ) — 6 (2) (16 ) Net current-period other comprehensive income (loss) (22 ) 4 5 (13 ) Balance at March 31, 2019 $ (4,695 ) $ (1 ) $ (1,213 ) $ (5,909 ) (1) Relates principally to pension, retiree medical and other postretirement benefits obligations that will not be recognized in net income until the obligations are fully extinguished. (2) Relates to pension, retiree medical and other postretirement benefits obligations and is recognized within the income tax provision on the condensed consolidated statement of operations. Reclassifications out of AOCI are as follows (in millions): Amounts reclassified from AOCI Affected line items on the AOCI Components Three Months Ended March 31, 2019 2018 Amortization of pension, retiree medical and other postretirement benefits: Prior service benefit $ (40 ) $ (40 ) Nonoperating other income, net Actuarial loss 24 24 Nonoperating other income, net Total reclassifications for the period, net of tax $ (16 ) $ (16 ) |
American Airlines, Inc. [Member] | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss (AOCI) are as follows (in millions): Pension, Retiree Unrealized Gain (Loss) on Investments Income Tax (1) Total Balance at December 31, 2018 $ (4,658 ) $ (5 ) $ (1,329 ) $ (5,992 ) Other comprehensive income (loss) before reclassifications — 4 (1 ) 3 Amounts reclassified from AOCI (22 ) — 6 (2) (16 ) Net current-period other comprehensive income (loss) (22 ) 4 5 (13 ) Balance at March 31, 2019 $ (4,680 ) $ (1 ) $ (1,324 ) $ (6,005 ) (1) Relates principally to pension, retiree medical and other postretirement benefits obligations that will not be recognized in net income until the obligations are fully extinguished. (2) Relates to pension, retiree medical and other postretirement benefits obligations and is recognized within the income tax provision on the condensed consolidated statement of operations. Reclassifications out of AOCI are as follows (in millions): Amounts reclassified from AOCI Affected line items on the condensed consolidated statements of operations AOCI Components Three Months Ended March 31, 2019 2018 Amortization of pension, retiree medical and other postretirement benefits: Prior service benefit $ (40 ) $ (40 ) Nonoperating other income, net Actuarial loss 24 24 Nonoperating other income, net Total reclassifications for the period, net of tax $ (16 ) $ (16 ) |
Regional Expenses
Regional Expenses | 3 Months Ended |
Mar. 31, 2019 | |
Regional Expenses [Line Items] | |
Regional Expenses | Regional Expenses Expenses associated with American Eagle operations are classified as regional expenses on the condensed consolidated statements of operations. Regional expenses consist of the following (in millions): Three Months Ended March 31, 2019 2018 Aircraft fuel and related taxes $ 423 $ 398 Salaries, wages and benefits 409 383 Capacity purchases from third-party regional carriers (1) 340 354 Maintenance, materials and repairs 93 80 Other rent and landing fees 167 147 Aircraft rent 7 9 Selling expenses 92 85 Depreciation and amortization 79 82 Other 153 160 Total regional expenses $ 1,763 $ 1,698 (1) During the three months ended March 31, 2019 and 2018 , we recognized $143 million and $138 million , respectively, of expense under our capacity purchase agreement with Republic Airline Inc. (Republic). We hold a 25% equity interest in Republic Airways Holdings Inc., the parent company of Republic. |
American Airlines, Inc. [Member] | |
Regional Expenses [Line Items] | |
Regional Expenses | Regional Expenses Expenses associated with American Eagle operations are classified as regional expenses on the condensed consolidated statements of operations. Regional expenses consist of the following (in millions): Three Months Ended March 31, 2019 2018 Aircraft fuel and related taxes $ 423 $ 398 Salaries, wages and benefits 80 82 Capacity purchases from third-party regional carriers (1) 857 798 Maintenance, materials and repairs 4 2 Other rent and landing fees 160 141 Aircraft rent 7 7 Selling expenses 92 85 Depreciation and amortization 68 68 Other 100 101 Total regional expenses $ 1,791 $ 1,682 (1) During the three months ended March 31, 2019 and 2018 , American recognized $143 million and $138 million , respectively, of expense under its capacity purchase agreement with Republic Airline Inc. (Republic). American holds a 25% equity interest in Republic Airways Holdings Inc., the parent company of Republic. |
Transactions with Related Parti
Transactions with Related Parties | 3 Months Ended |
Mar. 31, 2019 | |
American Airlines, Inc. [Member] | |
Entity Information [Line Items] | |
Transactions with Related Parties | Transactions with Related Parties The following represents the net receivables (payables) to related parties (in millions): March 31, 2019 December 31, 2018 AAG (1) $ 13,587 $ 12,808 AAG’s wholly-owned subsidiaries (2) (2,165 ) (2,142 ) Total $ 11,422 $ 10,666 (1) The increase in American’s net related party receivable from AAG is primarily due to American providing the cash funding for AAG’s dividend and share repurchase programs. (2) The net payable to AAG’s wholly-owned subsidiaries consists primarily of amounts due under regional capacity purchase agreements with AAG’s wholly-owned regional airlines operating under the brand name of American Eagle. |
Legal Proceedings
Legal Proceedings | 3 Months Ended |
Mar. 31, 2019 | |
Long-term Purchase Commitment [Line Items] | |
Legal Proceedings | Legal Proceedings Chapter 11 Cases . On November 29, 2011, AMR Corporation (AMR), American, and certain of AMR’s other direct and indirect domestic subsidiaries (the Debtors) filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the Bankruptcy Court). On October 21, 2013, the Bankruptcy Court entered an order approving and confirming the Debtors’ fourth amended joint plan of reorganization (as amended, the Plan). On the Effective Date, December 9, 2013, the Debtors consummated their reorganization pursuant to the Plan and completed the acquisition of US Airways Group, Inc. by AMR (the Merger). Pursuant to rulings of the Bankruptcy Court, the Plan established the Disputed Claims Reserve to hold shares of AAG common stock reserved for issuance to disputed claimholders at the Effective Date that ultimately become holders of allowed claims. The shares of AAG common stock issued to the Disputed Claims Reserve were originally issued on December 13, 2013 and have at all times since been included in the number of shares issued and outstanding as reported from time to time in our quarterly and annual reports, including for purposes of calculating earnings per common share. As disputed claims are resolved, the claimants will receive distributions of shares from the Disputed Claims Reserve. However, we are not required to distribute additional shares above the limits contemplated by the Plan, even if the shares remaining for distribution in the Disputed Claims Reserve are not sufficient to fully pay any additional allowed unsecured claims. To the extent that any of the reserved shares remain undistributed upon resolution of all remaining disputed claims, such shares will not be returned to us but rather will be distributed to former AMR stockholders and former convertible noteholders treated as stockholders under the Plan. On February 12, 2019, in accordance with the approval granted by the Bankruptcy Court on December 6, 2018, an aggregate of approximately 17.3 million shares of AAG common stock were distributed from the Disputed Claims Reserve to former AMR shareholders and convertible noteholders. After giving effect to this distribution, the Disputed Claims Reserve holds approximately 7 million shares of AAG common stock. Private Party Antitrust Action Related to Passenger Capacity. We, along with Delta Air Lines, Inc., Southwest Airlines Co., United Airlines, Inc. and, in the case of litigation filed in Canada, Air Canada, have been named as defendants in approximately 100 putative class action lawsuits alleging unlawful agreements with respect to air passenger capacity. The U.S. lawsuits have been consolidated in the Federal District Court for the District of Columbia (the DC Court). On June 15, 2018, we reached a preliminary settlement agreement with the plaintiffs in the amount of $45 million that, once approved, will resolve all class claims in the U.S. lawsuits. That settlement received preliminary approval from the DC Court on June 18, 2018. Private Party Antitrust Action Related to the Merger . On August 6, 2013, a lawsuit captioned Carolyn Fjord, et al., v. AMR Corporation, et al., was filed in the United States Bankruptcy Court for the Southern District of New York. The complaint named as defendants US Airways Group, Inc., US Airways, Inc., AMR and American, alleged that the effect of the Merger may be to create a monopoly in violation of Section 7 of the Clayton Antitrust Act, and sought injunctive relief and/or divestiture. On November 27, 2013, the Bankruptcy Court denied plaintiffs’ motion to preliminarily enjoin the Merger. On August 29, 2018, the Court denied in part defendants' motion for summary judgment, and fully denied plaintiffs' cross-motion for summary judgment. The parties' evidentiary cases were presented before the Bankruptcy Court in a bench trial in March 2019. The parties submitted proposed findings of fact and conclusions of law on April 15, 2019 and closing arguments are scheduled to be heard on April 26, 2019. We believe this lawsuit is without merit and intend to vigorously defend against the allegations. DOJ Investigation Related to the United States Postal Service . In April 2015, the Department of Justice (DOJ) informed us of an inquiry regarding American’s 2009 and 2011 contracts with the United States Postal Service for the international transportation of mail by air. In October 2015, we received a Civil Investigative Demand from the DOJ seeking certain information relating to these contracts and the DOJ has also sought information concerning certain of the airlines that transport mail on a codeshare basis. The DOJ has indicated it is investigating potential violations of the False Claims Act or other statutes. We are cooperating fully with the DOJ with regard to its investigation. General . In addition to the specifically identified legal proceedings, we and our subsidiaries are also engaged in other legal proceedings from time to time. Legal proceedings can be complex and take many months, or even years, to reach resolution, with the final outcome depending on a number of variables, some of which are not within our control. Therefore, although we will vigorously defend ourselves in each of the actions described above and such other legal proceedings, their ultimate resolution and potential financial and other impacts on us are uncertain but could be material. See Part II, Item 1A. Risk Factors – “We may be a party to litigation in the normal course of business or otherwise, which could affect our financial position and liquidity” for additional discussion. |
American Airlines, Inc. [Member] | |
Long-term Purchase Commitment [Line Items] | |
Legal Proceedings | Legal Proceedings Chapter 11 Cases . On November 29, 2011, AMR Corporation (AMR), American, and certain of AMR’s other direct and indirect domestic subsidiaries (the Debtors) filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the Bankruptcy Court). On October 21, 2013, the Bankruptcy Court entered an order approving and confirming the Debtors’ fourth amended joint plan of reorganization (as amended, the Plan). On the Effective Date, December 9, 2013, the Debtors consummated their reorganization pursuant to the Plan and completed the acquisition of US Airways Group, Inc. by AMR (the Merger). Pursuant to rulings of the Bankruptcy Court, the Plan established the Disputed Claims Reserve to hold shares of AAG common stock reserved for issuance to disputed claimholders at the Effective Date that ultimately become holders of allowed claims. The shares of AAG common stock issued to the Disputed Claims Reserve were originally issued on December 13, 2013 and have at all times since been included in the number of shares issued and outstanding as reported by AAG from time to time in its quarterly and annual reports, including for purposes of calculating earnings per common share. As disputed claims are resolved, the claimants will receive distributions of shares from the Disputed Claims Reserve. However, American is not required to distribute additional shares above the limits contemplated by the Plan, even if the shares remaining for distribution in the Disputed Claims Reserve are not sufficient to fully pay any additional allowed unsecured claims. To the extent that any of the reserved shares remain undistributed upon resolution of all remaining disputed claims, such shares will not be returned to AAG but rather will be distributed to former AMR stockholders and former convertible noteholders treated as stockholders under the Plan. On February 12, 2019, in accordance with the approval granted by the Bankruptcy Court on December 6, 2018, an aggregate of approximately 17.3 million shares of AAG common stock were distributed from the Disputed Claims Reserve to former AMR shareholders and convertible noteholders. After giving effect to this distribution, the Disputed Claims Reserve holds approximately 7 million shares of AAG common stock. Private Party Antitrust Action Related to Passenger Capacity. American, along with Delta Air Lines, Inc., Southwest Airlines Co., United Airlines, Inc. and, in the case of litigation filed in Canada, Air Canada, have been named as defendants in approximately 100 putative class action lawsuits alleging unlawful agreements with respect to air passenger capacity. The U.S. lawsuits have been consolidated in the Federal District Court for the District of Columbia (the DC Court). On June 15, 2018, American reached a preliminary settlement agreement with the plaintiffs in the amount of $45 million that, once approved, will resolve all class claims in the U.S. lawsuits. That settlement received preliminary approval from the DC Court on June 18, 2018. Private Party Antitrust Action Related to the Merger . On August 6, 2013, a lawsuit captioned Carolyn Fjord, et al., v. AMR Corporation, et al., was filed in the United States Bankruptcy Court for the Southern District of New York. The complaint named as defendants US Airways Group, Inc., US Airways, Inc., AMR and American, alleged that the effect of the Merger may be to create a monopoly in violation of Section 7 of the Clayton Antitrust Act, and sought injunctive relief and/or divestiture. On November 27, 2013, the Bankruptcy Court denied plaintiffs’ motion to preliminarily enjoin the Merger. On August 29, 2018, the Court denied in part defendants' motion for summary judgment, and fully denied plaintiffs' cross-motion for summary judgment. The parties' evidentiary cases were presented before the Bankruptcy Court in a bench trial in March 2019. The parties submitted proposed findings of fact and conclusions of law on April 15, 2019 and closing arguments are scheduled to be heard on April 26, 2019. American believes this lawsuit is without merit and intends to vigorously defend against the allegations. DOJ Investigation Related to the United States Postal Service . In April 2015, the Department of Justice (DOJ) informed American of an inquiry regarding American’s 2009 and 2011 contracts with the United States Postal Service for the international transportation of mail by air. In October 2015, American received a Civil Investigative Demand from the DOJ seeking certain information relating to these contracts and the DOJ has also sought information concerning certain of the airlines that transport mail on a codeshare basis. The DOJ has indicated it is investigating potential violations of the False Claims Act or other statutes. American is cooperating fully with the DOJ with regard to its investigation. General . In addition to the specifically identified legal proceedings, American and its subsidiaries are also engaged in other legal proceedings from time to time. Legal proceedings can be complex and take many months, or even years, to reach resolution, with the final outcome depending on a number of variables, some of which are not within American’s control. Therefore, although American will vigorously defend itself in each of the actions described above and such other legal proceedings, their ultimate resolution and potential financial and other impacts on American are uncertain but could be material. See Part II, Item 1A. Risk Factors – “We may be a party to litigation in the normal course of business or otherwise, which could affect our financial position and liquidity” for additional discussion. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2019 | |
Subsequent Event [Line Items] | |
Subsequent Events | Subsequent Events Dividend Declaration In April 2019, we announced that our Board of Directors declared a $0.10 per share dividend for stockholders of record as of May 8, 2019 , and payable on May 22, 2019 . Any future dividends that may be declared and paid from time to time will be subject to market and economic conditions, applicable legal requirements and other relevant factors. We are not obligated to continue a dividend for any fixed period, and the payment of dividends may be suspended or discontinued at any time at our discretion and without prior notice. |
Basis of Presentation and Rec_2
Basis of Presentation and Recent Accounting Pronouncements (Policies) | 3 Months Ended |
Mar. 31, 2019 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
Basis of Presentation | Basis of Presentation The accompanying unaudited condensed consolidated financial statements of American Airlines Group Inc. (we, us, our and similar terms, or AAG) should be read in conjunction with the consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2018 . The accompanying unaudited condensed consolidated financial statements include the accounts of AAG and its wholly-owned subsidiaries. AAG’s principal subsidiary is American Airlines, Inc. (American). All significant intercompany transactions have been eliminated. Management believes that all adjustments necessary for the fair presentation of results, consisting of normally recurring items, have been included in the unaudited condensed consolidated financial statements for the interim periods presented. The preparation of financial statements in accordance with accounting principles generally accepted in the United States (GAAP) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The most significant areas of judgment relate to passenger revenue recognition, impairment of goodwill, impairment of long-lived and intangible assets, the loyalty program, as well as pension and retiree medical and other postretirement benefits. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements ASU 2018-02: Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income This ASU provides the option to reclassify stranded tax effects within accumulated other comprehensive income to retained earnings due to the U.S. federal corporate income tax rate change as a result of H.R. 1, the 2017 Tax Cuts and Jobs Act (the 2017 Tax Act). The amount of the reclassification is the difference between the amount initially charged or credited directly to other comprehensive income at the previous U.S. federal corporate income tax rate that remains in accumulated other comprehensive income and the amount that would have been charged or credited directly to other comprehensive income using the newly enacted U.S. federal corporate income tax rate, excluding the effect of any valuation allowance previously charged to income from continuing operations. This standard is effective for interim and annual reporting periods beginning after December 15, 2018. In the first quarter of 2019, we adopted this standard retrospectively as of December 22, 2017, the date the 2017 Tax Act was enacted, which resulted in the recast of prior reporting periods. As a result of the adoption, we reclassified $622 million of stranded tax effects principally related to our pension plans from accumulated other comprehensive loss to retained earnings. |
American Airlines, Inc. [Member] | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
Basis of Presentation | Basis of Presentation The accompanying unaudited condensed consolidated financial statements of American Airlines, Inc. (American) should be read in conjunction with the consolidated financial statements contained in American’s Annual Report on Form 10-K for the year ended December 31, 2018 . American is the principal wholly-owned subsidiary of American Airlines Group Inc. (AAG). All significant intercompany transactions have been eliminated. Management believes that all adjustments necessary for the fair presentation of results, consisting of normally recurring items, have been included in the unaudited condensed consolidated financial statements for the interim periods presented. The preparation of financial statements in accordance with accounting principles generally accepted in the United States (GAAP) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The most significant areas of judgment relate to passenger revenue recognition, impairment of goodwill, impairment of long-lived and intangible assets, the loyalty program, as well as pension and retiree medical and other postretirement benefits. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements ASU 2018-02: Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income This ASU provides the option to reclassify stranded tax effects within accumulated other comprehensive income to retained earnings due to the U.S. federal corporate income tax rate change as a result of H.R. 1, the 2017 Tax Cuts and Jobs Act (the 2017 Tax Act). The amount of the reclassification is the difference between the amount initially charged or credited directly to other comprehensive income at the previous U.S. federal corporate income tax rate that remains in accumulated other comprehensive income and the amount that would have been charged or credited directly to other comprehensive income using the newly enacted U.S. federal corporate income tax rate, excluding the effect of any valuation allowance previously charged to income from continuing operations. This standard is effective for interim and annual reporting periods beginning after December 15, 2018. In the first quarter of 2019, American adopted this standard retrospectively as of December 22, 2017, the date the 2017 Tax Act was enacted, which resulted in the recast of prior reporting periods. As a result of the adoption, American reclassified $622 million of stranded tax effects principally related to its pension plans from accumulated other comprehensive loss to retained earnings. |
Special Items, Net (Tables)
Special Items, Net (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Restructuring Cost and Reserve [Line Items] | |
Components of Special Items, Net Included in Condensed Consolidated Statements of Operations | Special items, net in the condensed consolidated statements of operations consisted of the following (in millions): Three Months Ended March 31, 2019 2018 Fleet restructuring expenses (1) $ 83 $ 112 Merger integration expenses (2) 37 59 Litigation settlement — 40 Labor contract expenses — 13 Other operating charges, net 18 1 Mainline operating special items, net 138 225 Mark-to-market adjustments on equity investments, net (3) (76 ) — Other nonoperating charges, net 7 — Nonoperating special items, net (69 ) — Income tax special items, net (4) — 22 (1) Fleet restructuring expenses principally included accelerated depreciation and rent expense for aircraft and related equipment grounded or expected to be grounded earlier than planned. (2) Merger integration expenses included costs associated with integration projects, principally our technical operations, flight attendant, human resources and payroll systems. (3) Mark-to-market adjustments on equity investments relate to net unrealized gains primarily associated with our equity investment in China Southern Airlines Company Limited (China Southern Airlines). (4) Income tax special items for the three months ended March 31, 2018 included a $22 million charge to income tax expense to establish a required valuation allowance related to our estimated refund for Alternative Minimum Tax (AMT) credits |
American Airlines, Inc. [Member] | |
Restructuring Cost and Reserve [Line Items] | |
Components of Special Items, Net Included in Condensed Consolidated Statements of Operations | Special items, net in the condensed consolidated statements of operations consisted of the following (in millions): Three Months Ended March 31, 2019 2018 Fleet restructuring expenses (1) $ 83 $ 112 Merger integration expenses (2) 37 59 Litigation settlement — 40 Labor contract expenses — 13 Other operating charges, net 18 1 Mainline operating special items, net 138 225 Mark-to-market adjustments on equity investments, net (3) (76 ) — Other nonoperating charges, net 7 — Nonoperating special items, net (69 ) — Income tax special items, net (4) — 30 (1) Fleet restructuring expenses principally included accelerated depreciation and rent expense for aircraft and related equipment grounded or expected to be grounded earlier than planned. (2) Merger integration expenses included costs associated with integration projects, principally American's technical operations, flight attendant, human resources and payroll systems. (3) Mark-to-market adjustments on equity investments relate to net unrealized gains primarily associated with American's equity investment in China Southern Airlines Company Limited (China Southern Airlines). (4) Income tax special items for the three months ended March 31, 2018 included a $30 million charge to income tax expense to establish a required valuation allowance related to American's estimated refund for Alternative Minimum Tax (AMT) credits. |
Earnings Per Common Share (Tabl
Earnings Per Common Share (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Earnings Per Share [Abstract] | |
Computation of Basic and Diluted Earnings per Common Share | The following table sets forth the computation of basic and diluted earnings per common share (EPS) (in millions, except share and per share amounts): Three Months Ended March 31, 2019 2018 Basic EPS: Net income $ 185 $ 159 Weighted average common shares outstanding (in thousands) 451,951 472,297 Basic EPS $ 0.41 $ 0.34 Diluted EPS: Net income for purposes of computing diluted EPS $ 185 $ 159 Share computation for diluted EPS (in thousands): Basic weighted average common shares outstanding 451,951 472,297 Dilutive effect of stock awards 1,478 2,301 Diluted weighted average common shares outstanding 453,429 474,598 Diluted EPS $ 0.41 $ 0.34 Restricted stock unit awards excluded from the calculation of diluted EPS because inclusion would be antidilutive (in thousands) 2,267 1 |
Revenue Recognition (Tables)
Revenue Recognition (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Entity Information [Line Items] | |
Disaggregation of Revenue | The following are the significant categories comprising our reported operating revenues (in millions): Three Months Ended March 31, 2019 2018 Passenger revenue: Passenger travel $ 8,772 $ 8,630 Loyalty revenue - travel (1) 886 850 Total passenger revenue 9,658 9,480 Cargo 218 227 Other: Loyalty revenue - marketing services 578 570 Other revenue 130 124 Total other revenue 708 694 Total operating revenues $ 10,584 $ 10,401 (1) Loyalty revenue included in passenger revenue is principally comprised of mileage credit redemptions earned through travel and mileage credits sold to co-branded credit card and other partners. See "Loyalty Revenue" below for further discussion on these mileage credits. The following is our total passenger revenue by geographic region (in millions): Three Months Ended March 31, 2019 2018 Domestic $ 7,226 $ 6,963 Latin America 1,371 1,445 Atlantic 673 669 Pacific 388 403 Total passenger revenue $ 9,658 $ 9,480 |
Schedule of Contract Liabilities | March 31, 2019 December 31, 2018 (In millions) Loyalty program liability $ 8,568 $ 8,539 Air traffic liability 5,930 4,339 Total $ 14,498 $ 12,878 The balance of the loyalty program liability fluctuates based on seasonal patterns, which impact the volume of mileage credits issued through travel or sold to co-branded credit card and other partners (deferral of revenue) and mileage credits redeemed (recognition of revenue). Changes in loyalty program liability are as follows (in millions): Balance at December 31, 2018 $ 8,539 Deferral of revenue 963 Recognition of revenue (1) (934 ) Balance at March 31, 2019 (2) $ 8,568 (1) Principally relates to revenue recognized from the redemption of mileage credits for both air and non-air travel awards. Mileage credits are combined in one homogenous pool and are not separately identifiable. As such, the revenue is comprised of miles that were part of the loyalty program deferred revenue balance at the beginning of the period as well as miles that were issued during the period. (2) Mileage credits can be redeemed at any time and do not expire as long as that AAdvantage member has any type of qualifying activity at least every 18 months. As of March 31, 2019 , our current loyalty program liability was $3.4 billion and represents our current estimate of revenue expected to be recognized in the next twelve months based on historical trends, with the balance reflected in long-term loyalty program liability expected to be recognized as revenue in periods thereafter. |
American Airlines, Inc. [Member] | |
Entity Information [Line Items] | |
Disaggregation of Revenue | The following are the significant categories comprising American's reported operating revenues (in millions): Three Months Ended March 31, 2019 2018 Passenger revenue: Passenger travel $ 8,772 $ 8,630 Loyalty revenue - travel (1) 886 850 Total passenger revenue 9,658 9,480 Cargo 218 227 Other: Loyalty revenue - marketing services 578 570 Other revenue 127 121 Total other revenue 705 691 Total operating revenues $ 10,581 $ 10,398 (1) Loyalty revenue included in passenger revenue is principally comprised of mileage credit redemptions earned through travel and mileage credits sold to co-branded credit card and other partners. See "Loyalty Revenue" below for further discussion on these mileage credits. The following is American's total passenger revenue by geographic region (in millions): Three Months Ended March 31, 2019 2018 Domestic $ 7,226 $ 6,963 Latin America 1,371 1,445 Atlantic 673 669 Pacific 388 403 Total passenger revenue $ 9,658 $ 9,480 |
Schedule of Contract Liabilities | March 31, 2019 December 31, 2018 (In millions) Loyalty program liability $ 8,568 $ 8,539 Air traffic liability 5,930 4,339 Total $ 14,498 $ 12,878 The balance of the loyalty program liability fluctuates based on seasonal patterns, which impact the volume of mileage credits issued through travel or sold to co-branded credit card and other partners (deferral of revenue) and mileage credits redeemed (recognition of revenue). Changes in loyalty program liability are as follows (in millions): Balance at December 31, 2018 $ 8,539 Deferral of revenue 963 Recognition of revenue (1) (934 ) Balance at March 31, 2019 (2) $ 8,568 (1) Principally relates to revenue recognized from the redemption of mileage credits for both air and non-air travel awards. Mileage credits are combined in one homogenous pool and are not separately identifiable. As such, the revenue is comprised of miles that were part of the loyalty program deferred revenue balance at the beginning of the period, as well as miles that were issued during the period. (2) Mileage credits can be redeemed at any time and do not expire as long as that AAdvantage member has any type of qualifying activity at least every 18 months. As of March 31, 2019 , American's current loyalty program liability was $3.4 billion and represents American's current estimate of revenue expected to be recognized in the next twelve months based on historical trends, with the balance reflected in long-term loyalty program liability expected to be recognized as revenue in periods thereafter. |
Debt (Tables)
Debt (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Debt Instrument [Line Items] | |
Schedule of Long-Term Debt | Long-term debt included in the condensed consolidated balance sheets consisted of (in millions): March 31, 2019 December 31, 2018 Secured 2013 Credit Facilities, variable interest rate of 4.24%, installments through 2025 $ 1,825 $ 1,825 2014 Credit Facilities, variable interest rate of 4.49%, installments through 2021 1,215 1,215 April 2016 Credit Facilities, variable interest rate of 4.50%, installments through 2023 980 980 December 2016 Credit Facilities, variable interest rate of 4.48%, installments through 2023 1,225 1,225 Aircraft enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 3.00% to 8.39%, averaging 4.17%, maturing from 2019 to 2029 11,059 11,648 Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.34% to 7.89%, averaging 4.27%, maturing from 2019 to 2031 5,217 5,060 Special facility revenue bonds, fixed interest rates ranging from 5.00% to 8.00%, maturing from 2019 to 2031 798 798 22,319 22,751 Unsecured 5.50% senior notes, interest only payments until due in October 2019 750 750 4.625% senior notes, interest only payments until due in March 2020 500 500 1,250 1,250 Total long-term debt 23,569 24,001 Less: Total unamortized debt discount, premium and issuance costs 218 222 Less: Current maturities 3,286 3,213 Long-term debt, net of current maturities $ 20,065 $ 20,566 |
Summary of Availability under Revolving Credit Facilities | The table below shows the maximum availability under revolving credit facilities, all of which were undrawn, as of March 31, 2019 (in millions): 2013 Revolving Facility $ 1,000 2014 Revolving Facility 1,543 April 2016 Revolving Facility 300 Total $ 2,843 |
American Airlines, Inc. [Member] | |
Debt Instrument [Line Items] | |
Schedule of Long-Term Debt | Long-term debt included in the condensed consolidated balance sheets consisted of (in millions): March 31, 2019 December 31, 2018 Secured 2013 Credit Facilities, variable interest rate of 4.24%, installments through 2025 $ 1,825 $ 1,825 2014 Credit Facilities, variable interest rate of 4.49%, installments through 2021 1,215 1,215 April 2016 Credit Facilities, variable interest rate of 4.50%, installments through 2023 980 980 December 2016 Credit Facilities, variable interest rate of 4.48%, installments through 2023 1,225 1,225 Aircraft enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 3.00% to 8.39%, averaging 4.17%, maturing from 2019 to 2029 11,059 11,648 Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.34% to 7.89%, averaging 4.27%, maturing from 2019 to 2031 5,217 5,060 Special facility revenue bonds, fixed interest rates of 5.00%, maturing from 2019 to 2031 769 769 Total long-term debt 22,290 22,722 Less: Total unamortized debt discount, premium and issuance costs 215 219 Less: Current maturities 2,038 2,466 Long-term debt, net of current maturities $ 20,037 $ 20,037 |
Summary of Availability under Revolving Credit Facilities | The table below shows the maximum availability under revolving credit facilities, all of which were undrawn, as of March 31, 2019 (in millions): 2013 Revolving Facility $ 1,000 2014 Revolving Facility 1,543 April 2016 Revolving Facility 300 Total $ 2,843 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Summary of Assets Measured at Fair Value on Recurring Basis | Assets measured at fair value on a recurring basis are summarized below (in millions): Fair Value Measurements as of March 31, 2019 Total Level 1 Level 2 Level 3 Short-term investments (1) (2) : Money market funds $ 12 $ 12 $ — $ — Corporate obligations 1,310 — 1,310 — Bank notes/certificates of deposit/time deposits 2,465 — 2,465 — Repurchase agreements 225 — 225 — 4,012 12 4,000 — Restricted cash and short-term investments (1) 156 12 144 — Long-term investments (3) 265 265 — — Total $ 4,433 $ 289 $ 4,144 $ — (1) Unrealized gains or losses on short-term investments are recorded in accumulated other comprehensive loss at each measurement date. (2) All short-term investments are classified as available-for-sale and stated at fair value. Our short-term investments mature in one year or less except for $1.2 billion of bank notes/certificates of deposit/time deposits and $188 million of corporate obligations. (3) Long-term investments primarily include our equity investment in China Southern Airlines, in which we presently own a 2.2% equity interest, and are classified in other assets on the condensed consolidated balance sheets. |
Schedule of Carrying Value and Estimated Fair Value of Long-Term Debt, Including Current Maturities | The carrying value and estimated fair value of our long-term debt, including current maturities, were as follows (in millions): March 31, 2019 December 31, 2018 Carrying Fair Carrying Fair Long-term debt, including current maturities $ 23,351 $ 23,634 $ 23,779 $ 23,775 |
American Airlines, Inc. [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Summary of Assets Measured at Fair Value on Recurring Basis | Assets measured at fair value on a recurring basis are summarized below (in millions): Fair Value Measurements as of March 31, 2019 Total Level 1 Level 2 Level 3 Short-term investments (1) (2) : Money market funds $ 11 $ 11 $ — $ — Corporate obligations 1,310 — 1,310 — Bank notes/certificates of deposit/time deposits 2,464 — 2,464 — Repurchase agreements 225 — 225 — 4,010 11 3,999 — Restricted cash and short-term investments (1) 156 12 144 — Long-term investments (3) 265 265 — — Total $ 4,431 $ 288 $ 4,143 $ — (1) Unrealized gains or losses on short-term investments are recorded in accumulated other comprehensive loss at each measurement date. (2) All short-term investments are classified as available-for-sale and stated at fair value. American’s short-term investments mature in one year or less except for $1.2 billion of bank notes/certificates of deposit/time deposits and $188 million of corporate obligations. (3) Long-term investments primarily include American's equity investment in China Southern Airlines, in which American presently owns a 2.2% equity interest, and are classified in other assets on the condensed consolidated balance sheets. |
Schedule of Carrying Value and Estimated Fair Value of Long-Term Debt, Including Current Maturities | The carrying value and estimated fair value of American’s long-term debt, including current maturities, were as follows (in millions): March 31, 2019 December 31, 2018 Carrying Fair Carrying Fair Long-term debt, including current maturities $ 22,075 $ 22,347 $ 22,503 $ 22,497 |
Employee Benefit Plans (Tables)
Employee Benefit Plans (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Defined Benefit Plan Disclosure [Line Items] | |
Components of Net Periodic Benefit Cost (Income) | The following table provides the components of net periodic benefit cost (income) (in millions): Pension Benefits Retiree Medical and Other Three Months Ended March 31, 2019 2018 2019 2018 Service cost $ 1 $ 1 $ 1 $ 1 Interest cost 176 169 8 9 Expected return on assets (204 ) (226 ) (4 ) (6 ) Amortization of: Prior service cost (benefit) 7 7 (59 ) (59 ) Unrecognized net loss (gain) 38 36 (8 ) (5 ) Net periodic benefit cost (income) $ 18 $ (13 ) $ (62 ) $ (60 ) |
American Airlines, Inc. [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Components of Net Periodic Benefit Cost (Income) | The following table provides the components of net periodic benefit cost (income) (in millions): Pension Benefits Retiree Medical and Other Three Months Ended March 31, 2019 2018 2019 2018 Service cost $ 1 $ 1 $ 1 $ 1 Interest cost 175 168 8 9 Expected return on assets (203 ) (225 ) (4 ) (6 ) Amortization of: Prior service cost (benefit) 7 7 (59 ) (59 ) Unrecognized net loss (gain) 38 36 (8 ) (5 ) Net periodic benefit cost (income) $ 18 $ (13 ) $ (62 ) $ (60 ) |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Loss (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |
Components of Accumulated Other Comprehensive Loss | The components of accumulated other comprehensive loss (AOCI) are as follows (in millions): Pension, Retiree Unrealized Gain (Loss) on Investments Income Tax (1) Total Balance at December 31, 2018 $ (4,673 ) $ (5 ) $ (1,218 ) $ (5,896 ) Other comprehensive income (loss) before reclassifications — 4 (1 ) 3 Amounts reclassified from AOCI (22 ) — 6 (2) (16 ) Net current-period other comprehensive income (loss) (22 ) 4 5 (13 ) Balance at March 31, 2019 $ (4,695 ) $ (1 ) $ (1,213 ) $ (5,909 ) (1) Relates principally to pension, retiree medical and other postretirement benefits obligations that will not be recognized in net income until the obligations are fully extinguished. (2) Relates to pension, retiree medical and other postretirement benefits obligations and is recognized within the income tax provision on the condensed consolidated statement of operations. |
Reclassifications out of Accumulated Other Comprehensive Loss | Reclassifications out of AOCI are as follows (in millions): Amounts reclassified from AOCI Affected line items on the AOCI Components Three Months Ended March 31, 2019 2018 Amortization of pension, retiree medical and other postretirement benefits: Prior service benefit $ (40 ) $ (40 ) Nonoperating other income, net Actuarial loss 24 24 Nonoperating other income, net Total reclassifications for the period, net of tax $ (16 ) $ (16 ) |
American Airlines, Inc. [Member] | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |
Components of Accumulated Other Comprehensive Loss | The components of accumulated other comprehensive loss (AOCI) are as follows (in millions): Pension, Retiree Unrealized Gain (Loss) on Investments Income Tax (1) Total Balance at December 31, 2018 $ (4,658 ) $ (5 ) $ (1,329 ) $ (5,992 ) Other comprehensive income (loss) before reclassifications — 4 (1 ) 3 Amounts reclassified from AOCI (22 ) — 6 (2) (16 ) Net current-period other comprehensive income (loss) (22 ) 4 5 (13 ) Balance at March 31, 2019 $ (4,680 ) $ (1 ) $ (1,324 ) $ (6,005 ) (1) Relates principally to pension, retiree medical and other postretirement benefits obligations that will not be recognized in net income until the obligations are fully extinguished. (2) Relates to pension, retiree medical and other postretirement benefits obligations and is recognized within the income tax provision on the condensed consolidated statement of operations. |
Reclassifications out of Accumulated Other Comprehensive Loss | Reclassifications out of AOCI are as follows (in millions): Amounts reclassified from AOCI Affected line items on the condensed consolidated statements of operations AOCI Components Three Months Ended March 31, 2019 2018 Amortization of pension, retiree medical and other postretirement benefits: Prior service benefit $ (40 ) $ (40 ) Nonoperating other income, net Actuarial loss 24 24 Nonoperating other income, net Total reclassifications for the period, net of tax $ (16 ) $ (16 ) |
Regional Expenses (Tables)
Regional Expenses (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Regional Expenses [Line Items] | |
Components of Regional Expenses | Regional expenses consist of the following (in millions): Three Months Ended March 31, 2019 2018 Aircraft fuel and related taxes $ 423 $ 398 Salaries, wages and benefits 409 383 Capacity purchases from third-party regional carriers (1) 340 354 Maintenance, materials and repairs 93 80 Other rent and landing fees 167 147 Aircraft rent 7 9 Selling expenses 92 85 Depreciation and amortization 79 82 Other 153 160 Total regional expenses $ 1,763 $ 1,698 (1) During the three months ended March 31, 2019 and 2018 , we recognized $143 million and $138 million , respectively, of expense under our capacity purchase agreement with Republic Airline Inc. (Republic). We hold a 25% equity interest in Republic Airways Holdings Inc., the parent company of Republic. |
American Airlines, Inc. [Member] | |
Regional Expenses [Line Items] | |
Components of Regional Expenses | Regional expenses consist of the following (in millions): Three Months Ended March 31, 2019 2018 Aircraft fuel and related taxes $ 423 $ 398 Salaries, wages and benefits 80 82 Capacity purchases from third-party regional carriers (1) 857 798 Maintenance, materials and repairs 4 2 Other rent and landing fees 160 141 Aircraft rent 7 7 Selling expenses 92 85 Depreciation and amortization 68 68 Other 100 101 Total regional expenses $ 1,791 $ 1,682 (1) During the three months ended March 31, 2019 and 2018 , American recognized $143 million and $138 million , respectively, of expense under its capacity purchase agreement with Republic Airline Inc. (Republic). American holds a 25% equity interest in Republic Airways Holdings Inc., the parent company of Republic. |
Transactions with Related Par_2
Transactions with Related Parties (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
American Airlines, Inc. [Member] | |
Entity Information [Line Items] | |
Summary of Net Receivables (Payables) to Related Parties | The following represents the net receivables (payables) to related parties (in millions): March 31, 2019 December 31, 2018 AAG (1) $ 13,587 $ 12,808 AAG’s wholly-owned subsidiaries (2) (2,165 ) (2,142 ) Total $ 11,422 $ 10,666 (1) The increase in American’s net related party receivable from AAG is primarily due to American providing the cash funding for AAG’s dividend and share repurchase programs. (2) The net payable to AAG’s wholly-owned subsidiaries consists primarily of amounts due under regional capacity purchase agreements with AAG’s wholly-owned regional airlines operating under the brand name of American Eagle. |
Basis of Presentation and Rec_3
Basis of Presentation and Recent Accounting Pronouncements (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
Net income | $ 185 | $ 159 |
Tax Act - reclassification of stranded tax effects from accumulated other comprehensive loss to retained earnings | 622 | |
Accounting Standards Update 2016-02 [Member] | ||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
Net income | (27) | |
American Airlines, Inc. [Member] | ||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
Net income | 230 | 209 |
Tax Act - reclassification of stranded tax effects from accumulated other comprehensive loss to retained earnings | $ 622 | |
American Airlines, Inc. [Member] | Accounting Standards Update 2016-02 [Member] | ||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
Net income | $ (27) |
Special Items, Net (Details)
Special Items, Net (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Restructuring Cost and Reserve [Line Items] | ||
Fleet restructuring expenses | $ 83 | $ 112 |
Merger integration expenses | 37 | 59 |
Litigation settlement | 0 | 40 |
Labor contract expenses | 0 | 13 |
Other operating charges, net | 18 | 1 |
Mainline operating special items, net | 138 | 225 |
Mark-to-market adjustments on equity investments, net | (76) | 0 |
Other nonoperating charges, net | 7 | 0 |
Nonoperating special items, net | (69) | 0 |
Income tax special items, net | 0 | 22 |
Alternative Minimum Tax Credit Carryforward [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Change in deferred tax assets valuation allowance | 22 | |
American Airlines, Inc. [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Fleet restructuring expenses | 83 | 112 |
Merger integration expenses | 37 | 59 |
Litigation settlement | 0 | 40 |
Labor contract expenses | 0 | 13 |
Other operating charges, net | 18 | 1 |
Mainline operating special items, net | 138 | 225 |
Mark-to-market adjustments on equity investments, net | (76) | 0 |
Other nonoperating charges, net | 7 | 0 |
Nonoperating special items, net | (69) | 0 |
Income tax special items, net | 0 | $ 30 |
American Airlines, Inc. [Member] | Alternative Minimum Tax Credit Carryforward [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Change in deferred tax assets valuation allowance | $ 30 |
Earnings Per Common Share (Deta
Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Basic EPS: | ||
Net income | $ 185 | $ 159 |
Weighted average common shares outstanding (in shares) | 451,951 | 472,297 |
Basic EPS (in dollars per share) | $ 0.41 | $ 0.34 |
Diluted EPS: | ||
Net income for purposes of computing diluted EPS | $ 185 | $ 159 |
Share computation for diluted EPS: | ||
Basic weighted average common shares outstanding (in shares) | 451,951 | 472,297 |
Dilutive effect of stock awards (in shares) | 1,478 | 2,301 |
Diluted weighted average common shares outstanding (in shares) | 453,429 | 474,598 |
Diluted EPS (in dollars per share) | $ 0.41 | $ 0.34 |
Restricted stock unit awards excluded from the calculation of diluted EPS because inclusion would be antidilutive (in shares) | 2,267 | 1 |
Share Repurchase Programs and_2
Share Repurchase Programs and Dividends - Share Repurchase Programs (Details) | 3 Months Ended | 57 Months Ended | ||
Mar. 31, 2019USD ($)$ / sharesshares | Mar. 31, 2018USD ($)shares | Mar. 31, 2019USD ($)program$ / sharesshares | Apr. 30, 2018USD ($) | |
Equity, Class of Treasury Stock [Line Items] | ||||
Stock repurchase programs, authorized amount | $ 13,000,000,000 | $ 13,000,000,000 | ||
Number of share repurchase programs authorized | program | 7 | |||
Stock repurchased (in shares) | shares | 16,947,393 | 8,431,150 | 295,600,000 | |
Aggregate stock repurchase price | $ 610,000,000 | $ 449,000,000 | $ 11,900,000,000 | |
Average cost per share (in dollars per share) | $ / shares | $ 40.43 | |||
Share Repurchase Program April 2018 [Member] | ||||
Equity, Class of Treasury Stock [Line Items] | ||||
Stock repurchase programs, authorized amount | $ 2,000,000,000 | |||
Stock repurchase programs, remaining authorized amount | $ 1,100,000,000 | $ 1,100,000,000 | ||
Stock repurchased (in shares) | shares | 16,700,000 | |||
Aggregate stock repurchase price | $ 600,000,000 | |||
Average cost per share (in dollars per share) | $ / shares | $ 36.02 |
Share Repurchase Programs and_3
Share Repurchase Programs and Dividends - Dividends (Details) - USD ($) $ / shares in Units, $ in Millions | 1 Months Ended | 3 Months Ended | |
Jan. 31, 2019 | Mar. 31, 2019 | Mar. 31, 2018 | |
Equity [Abstract] | |||
Cash dividends declared per common share (in dollars per share) | $ 0.1 | $ 0.10 | $ 0.1 |
Payments of dividends | $ 46 |
Revenue Recognition - Significa
Revenue Recognition - Significant Categories of Reported Operating Revenues (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Revenue from External Customer [Line Items] | ||
Operating revenues | $ 10,584 | $ 10,401 |
Passenger [Member] | ||
Revenue from External Customer [Line Items] | ||
Operating revenues | 9,658 | 9,480 |
Passenger travel [Member] | ||
Revenue from External Customer [Line Items] | ||
Operating revenues | 8,772 | 8,630 |
Loyalty revenue - travel [Member] | ||
Revenue from External Customer [Line Items] | ||
Operating revenues | 886 | 850 |
Cargo [Member] | ||
Revenue from External Customer [Line Items] | ||
Operating revenues | 218 | 227 |
Other [Member] | ||
Revenue from External Customer [Line Items] | ||
Operating revenues | 708 | 694 |
Loyalty revenue - marketing services [Member] | ||
Revenue from External Customer [Line Items] | ||
Operating revenues | 578 | 570 |
Other revenue [Member] | ||
Revenue from External Customer [Line Items] | ||
Operating revenues | 130 | 124 |
American Airlines, Inc. [Member] | ||
Revenue from External Customer [Line Items] | ||
Operating revenues | 10,581 | 10,398 |
American Airlines, Inc. [Member] | Passenger [Member] | ||
Revenue from External Customer [Line Items] | ||
Operating revenues | 9,658 | 9,480 |
American Airlines, Inc. [Member] | Passenger travel [Member] | ||
Revenue from External Customer [Line Items] | ||
Operating revenues | 8,772 | 8,630 |
American Airlines, Inc. [Member] | Loyalty revenue - travel [Member] | ||
Revenue from External Customer [Line Items] | ||
Operating revenues | 886 | 850 |
American Airlines, Inc. [Member] | Cargo [Member] | ||
Revenue from External Customer [Line Items] | ||
Operating revenues | 218 | 227 |
American Airlines, Inc. [Member] | Other [Member] | ||
Revenue from External Customer [Line Items] | ||
Operating revenues | 705 | 691 |
American Airlines, Inc. [Member] | Loyalty revenue - marketing services [Member] | ||
Revenue from External Customer [Line Items] | ||
Operating revenues | 578 | 570 |
American Airlines, Inc. [Member] | Other revenue [Member] | ||
Revenue from External Customer [Line Items] | ||
Operating revenues | $ 127 | $ 121 |
Revenue Recognition - Passenger
Revenue Recognition - Passenger Revenue by Geographic Region (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Airline Destination Disclosure [Line Items] | ||
Operating revenues | $ 10,584 | $ 10,401 |
Passenger [Member] | ||
Airline Destination Disclosure [Line Items] | ||
Operating revenues | 9,658 | 9,480 |
Passenger [Member] | Domestic [Member] | ||
Airline Destination Disclosure [Line Items] | ||
Operating revenues | 7,226 | 6,963 |
Passenger [Member] | Latin America [Member] | ||
Airline Destination Disclosure [Line Items] | ||
Operating revenues | 1,371 | 1,445 |
Passenger [Member] | Atlantic [Member] | ||
Airline Destination Disclosure [Line Items] | ||
Operating revenues | 673 | 669 |
Passenger [Member] | Pacific [Member] | ||
Airline Destination Disclosure [Line Items] | ||
Operating revenues | 388 | 403 |
American Airlines, Inc. [Member] | ||
Airline Destination Disclosure [Line Items] | ||
Operating revenues | 10,581 | 10,398 |
American Airlines, Inc. [Member] | Passenger [Member] | ||
Airline Destination Disclosure [Line Items] | ||
Operating revenues | 9,658 | 9,480 |
American Airlines, Inc. [Member] | Passenger [Member] | Domestic [Member] | ||
Airline Destination Disclosure [Line Items] | ||
Operating revenues | 7,226 | 6,963 |
American Airlines, Inc. [Member] | Passenger [Member] | Latin America [Member] | ||
Airline Destination Disclosure [Line Items] | ||
Operating revenues | 1,371 | 1,445 |
American Airlines, Inc. [Member] | Passenger [Member] | Atlantic [Member] | ||
Airline Destination Disclosure [Line Items] | ||
Operating revenues | 673 | 669 |
American Airlines, Inc. [Member] | Passenger [Member] | Pacific [Member] | ||
Airline Destination Disclosure [Line Items] | ||
Operating revenues | $ 388 | $ 403 |
Revenue Recognition - Narrative
Revenue Recognition - Narrative (Details) - Air traffic liability [Member] $ in Billions | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Disaggregation of Revenue [Line Items] | |
Contract term | one year |
Recognition of revenue | $ 2.6 |
American Airlines, Inc. [Member] | |
Disaggregation of Revenue [Line Items] | |
Contract term | one year |
Recognition of revenue | $ 2.6 |
Revenue Recognition - Signifi_2
Revenue Recognition - Significant Contract Liabilities (Details) - USD ($) $ in Millions | Mar. 31, 2019 | Dec. 31, 2018 |
Disaggregation of Revenue [Line Items] | ||
Contract balances, liability | $ 14,498 | $ 12,878 |
Loyalty program liability [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Contract balances, liability | 8,568 | 8,539 |
Air traffic liability [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Contract balances, liability | 5,930 | 4,339 |
American Airlines, Inc. [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Contract balances, liability | 14,498 | 12,878 |
American Airlines, Inc. [Member] | Loyalty program liability [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Contract balances, liability | 8,568 | 8,539 |
American Airlines, Inc. [Member] | Air traffic liability [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Contract balances, liability | $ 5,930 | $ 4,339 |
Revenue Recognition - Changes i
Revenue Recognition - Changes in Loyalty Program Liability (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2019 | Dec. 31, 2018 | |
Movement In Contract With Customer, Liability [Roll Forward] | ||
Beginning balance | $ 12,878 | |
Ending balance | $ 14,498 | |
Inactive period before expiration of mileage credits | 18 months | |
Loyalty program liability [Member] | ||
Movement In Contract With Customer, Liability [Roll Forward] | ||
Beginning balance | $ 8,539 | |
Deferral of revenue | 963 | |
Recognition of revenue | (934) | |
Ending balance | 8,568 | |
Deferred revenue, current | 3,354 | $ 3,267 |
American Airlines, Inc. [Member] | ||
Movement In Contract With Customer, Liability [Roll Forward] | ||
Beginning balance | 12,878 | |
Ending balance | $ 14,498 | |
Inactive period before expiration of mileage credits | 18 months | |
American Airlines, Inc. [Member] | Loyalty program liability [Member] | ||
Movement In Contract With Customer, Liability [Roll Forward] | ||
Beginning balance | $ 8,539 | |
Deferral of revenue | 963 | |
Recognition of revenue | (934) | |
Ending balance | 8,568 | |
Deferred revenue, current | $ 3,354 | $ 3,267 |
Debt - Components of Long-Term
Debt - Components of Long-Term Debt (Details) - USD ($) $ in Millions | Mar. 31, 2019 | Dec. 31, 2018 |
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 23,569 | $ 24,001 |
Less: Total unamortized debt discount, premium and issuance costs | 218 | 222 |
Less: Current maturities | 3,286 | 3,213 |
Long-term debt, net of current maturities | 20,065 | 20,566 |
Secured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | 22,319 | 22,751 |
Secured Debt [Member] | 2013 Credit Facilities [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 1,825 | 1,825 |
Variable interest rate | 4.24% | |
Secured Debt [Member] | 2014 Credit Facilities [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 1,215 | 1,215 |
Variable interest rate | 4.49% | |
Secured Debt [Member] | April 2016 Credit Facilities [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 980 | 980 |
Variable interest rate | 4.50% | |
Secured Debt [Member] | December 2016 Credit Facilities [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 1,225 | 1,225 |
Variable interest rate | 4.48% | |
Secured Debt [Member] | Enhanced Equipment Trust Certificates (EETC) [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 11,059 | 11,648 |
Average interest rate | 4.17% | |
Secured Debt [Member] | Enhanced Equipment Trust Certificates (EETC) [Member] | Minimum [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate | 3.00% | |
Secured Debt [Member] | Enhanced Equipment Trust Certificates (EETC) [Member] | Maximum [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate | 8.39% | |
Secured Debt [Member] | Equipment Loans and Other Notes Payable [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 5,217 | 5,060 |
Average interest rate | 4.27% | |
Secured Debt [Member] | Equipment Loans and Other Notes Payable [Member] | Minimum [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate | 2.34% | |
Secured Debt [Member] | Equipment Loans and Other Notes Payable [Member] | Maximum [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate | 7.89% | |
Secured Debt [Member] | Special Facility Revenue Bonds [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 798 | 798 |
Secured Debt [Member] | Special Facility Revenue Bonds [Member] | Minimum [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate | 5.00% | |
Secured Debt [Member] | Special Facility Revenue Bonds [Member] | Maximum [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate | 8.00% | |
Unsecured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 1,250 | 1,250 |
Unsecured Debt [Member] | 5.50% Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 750 | 750 |
Interest rate | 5.50% | |
Unsecured Debt [Member] | 4.625% Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 500 | 500 |
Interest rate | 4.625% | |
American Airlines, Inc. [Member] | ||
Debt Instrument [Line Items] | ||
Less: Total unamortized debt discount, premium and issuance costs | $ 215 | 219 |
Less: Current maturities | 2,038 | 2,466 |
Long-term debt, net of current maturities | 20,037 | 20,037 |
American Airlines, Inc. [Member] | Secured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | 22,290 | 22,722 |
American Airlines, Inc. [Member] | Secured Debt [Member] | 2013 Credit Facilities [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 1,825 | 1,825 |
Variable interest rate | 4.24% | |
American Airlines, Inc. [Member] | Secured Debt [Member] | 2014 Credit Facilities [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 1,215 | 1,215 |
Variable interest rate | 4.49% | |
American Airlines, Inc. [Member] | Secured Debt [Member] | April 2016 Credit Facilities [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 980 | 980 |
Variable interest rate | 4.50% | |
American Airlines, Inc. [Member] | Secured Debt [Member] | December 2016 Credit Facilities [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 1,225 | 1,225 |
Variable interest rate | 4.48% | |
American Airlines, Inc. [Member] | Secured Debt [Member] | Enhanced Equipment Trust Certificates (EETC) [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 11,059 | 11,648 |
Average interest rate | 4.17% | |
American Airlines, Inc. [Member] | Secured Debt [Member] | Enhanced Equipment Trust Certificates (EETC) [Member] | Minimum [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate | 3.00% | |
American Airlines, Inc. [Member] | Secured Debt [Member] | Enhanced Equipment Trust Certificates (EETC) [Member] | Maximum [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate | 8.39% | |
American Airlines, Inc. [Member] | Secured Debt [Member] | Equipment Loans and Other Notes Payable [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 5,217 | 5,060 |
Average interest rate | 4.27% | |
American Airlines, Inc. [Member] | Secured Debt [Member] | Equipment Loans and Other Notes Payable [Member] | Minimum [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate | 2.34% | |
American Airlines, Inc. [Member] | Secured Debt [Member] | Equipment Loans and Other Notes Payable [Member] | Maximum [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate | 7.89% | |
American Airlines, Inc. [Member] | Secured Debt [Member] | Special Facility Revenue Bonds [Member] | ||
Debt Instrument [Line Items] | ||
Total long-term debt and capital lease obligations | $ 769 | $ 769 |
American Airlines, Inc. [Member] | Secured Debt [Member] | Special Facility Revenue Bonds [Member] | Minimum [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate | 5.00% | |
American Airlines, Inc. [Member] | Secured Debt [Member] | Special Facility Revenue Bonds [Member] | Maximum [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate | 5.00% |
Debt - Summary of Availability
Debt - Summary of Availability under Revolving Credit Facilities (Details) - Revolving Credit Facility [Member] - Secured Debt [Member] | Mar. 31, 2019USD ($) |
Line of Credit Facility [Line Items] | |
Line of credit facility, maximum borrowing capacity | $ 2,843,000,000 |
2013 Credit Facilities [Member] | |
Line of Credit Facility [Line Items] | |
Line of credit facility, maximum borrowing capacity | 1,000,000,000 |
2014 Credit Facilities [Member] | |
Line of Credit Facility [Line Items] | |
Line of credit facility, maximum borrowing capacity | 1,543,000,000 |
April 2016 Credit Facilities [Member] | |
Line of Credit Facility [Line Items] | |
Line of credit facility, maximum borrowing capacity | 300,000,000 |
American Airlines, Inc. [Member] | |
Line of Credit Facility [Line Items] | |
Line of credit facility, maximum borrowing capacity | 2,843,000,000 |
American Airlines, Inc. [Member] | 2013 Credit Facilities [Member] | |
Line of Credit Facility [Line Items] | |
Line of credit facility, maximum borrowing capacity | 1,000,000,000 |
American Airlines, Inc. [Member] | 2014 Credit Facilities [Member] | |
Line of Credit Facility [Line Items] | |
Line of credit facility, maximum borrowing capacity | 1,543,000,000 |
American Airlines, Inc. [Member] | April 2016 Credit Facilities [Member] | |
Line of Credit Facility [Line Items] | |
Line of credit facility, maximum borrowing capacity | $ 300,000,000 |
Debt - Components of Long-Ter_2
Debt - Components of Long-Term Debt - Other Equipment Notes Issued in 2019 (Details) - Secured Debt [Member] - Equipment Loans and Other Notes Payable [Member] $ in Millions | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Debt Instrument [Line Items] | |
Proceeds from notes payable | $ 400 |
Average interest rate | 4.27% |
American Airlines, Inc. [Member] | |
Debt Instrument [Line Items] | |
Proceeds from notes payable | $ 400 |
Average interest rate | 4.27% |
LIBOR [Member] | |
Debt Instrument [Line Items] | |
Average interest rate | 4.07% |
LIBOR [Member] | American Airlines, Inc. [Member] | |
Debt Instrument [Line Items] | |
Average interest rate | 4.07% |
Income Taxes (Details)
Income Taxes (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Tax Credit Carryforward [Line Items] | ||
Income tax provision | $ 60 | $ 79 |
Alternative Minimum Tax Credit Carryforward [Member] | ||
Tax Credit Carryforward [Line Items] | ||
Alternative minimum tax credit carryforwards | 339 | |
Federal [Member] | ||
Tax Credit Carryforward [Line Items] | ||
Gross NOL Carryforwards | 10,200 | |
State [Member] | ||
Tax Credit Carryforward [Line Items] | ||
Gross NOL Carryforwards | 3,200 | |
American Airlines, Inc. [Member] | ||
Tax Credit Carryforward [Line Items] | ||
Income tax provision | 74 | $ 105 |
American Airlines, Inc. [Member] | Alternative Minimum Tax Credit Carryforward [Member] | ||
Tax Credit Carryforward [Line Items] | ||
Alternative minimum tax credit carryforwards | 452 | |
American Airlines, Inc. [Member] | Federal [Member] | ||
Tax Credit Carryforward [Line Items] | ||
Gross NOL Carryforwards | 10,600 | |
American Airlines, Inc. [Member] | State [Member] | ||
Tax Credit Carryforward [Line Items] | ||
Gross NOL Carryforwards | $ 3,100 |
Fair Value Measurements - Summa
Fair Value Measurements - Summary of Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Millions | Mar. 31, 2019 | Dec. 31, 2018 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | $ 4,012 | $ 4,485 |
China Southern Airlines [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity interest ownership percentage | 2.20% | |
Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | $ 4,012 | |
Restricted cash and short-term investments | 156 | |
Long-term investments | 265 | |
Total | 4,433 | |
Recurring [Member] | Money Market Funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 12 | |
Recurring [Member] | Corporate Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 1,310 | |
Recurring [Member] | Corporate Obligations [Member] | Maturity Dates Exceeding One Year [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 188 | |
Recurring [Member] | Bank Notes / Certificates of Deposit / Time Deposits [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 2,465 | |
Recurring [Member] | Bank Notes / Certificates of Deposit / Time Deposits [Member] | Maturity Dates Exceeding One Year [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 1,200 | |
Recurring [Member] | Repurchase Agreements [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 225 | |
Recurring [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 12 | |
Restricted cash and short-term investments | 12 | |
Long-term investments | 265 | |
Total | 289 | |
Recurring [Member] | Level 1 [Member] | Money Market Funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 12 | |
Recurring [Member] | Level 1 [Member] | Corporate Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
Recurring [Member] | Level 1 [Member] | Bank Notes / Certificates of Deposit / Time Deposits [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
Recurring [Member] | Level 1 [Member] | Repurchase Agreements [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
Recurring [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 4,000 | |
Restricted cash and short-term investments | 144 | |
Long-term investments | 0 | |
Total | 4,144 | |
Recurring [Member] | Level 2 [Member] | Money Market Funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
Recurring [Member] | Level 2 [Member] | Corporate Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 1,310 | |
Recurring [Member] | Level 2 [Member] | Bank Notes / Certificates of Deposit / Time Deposits [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 2,465 | |
Recurring [Member] | Level 2 [Member] | Repurchase Agreements [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 225 | |
Recurring [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
Restricted cash and short-term investments | 0 | |
Long-term investments | 0 | |
Total | 0 | |
Recurring [Member] | Level 3 [Member] | Money Market Funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
Recurring [Member] | Level 3 [Member] | Corporate Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
Recurring [Member] | Level 3 [Member] | Bank Notes / Certificates of Deposit / Time Deposits [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
Recurring [Member] | Level 3 [Member] | Repurchase Agreements [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
American Airlines, Inc. [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | $ 4,010 | $ 4,482 |
American Airlines, Inc. [Member] | China Southern Airlines [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity interest ownership percentage | 2.20% | |
American Airlines, Inc. [Member] | Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | $ 4,010 | |
Restricted cash and short-term investments | 156 | |
Long-term investments | 265 | |
Total | 4,431 | |
American Airlines, Inc. [Member] | Recurring [Member] | Money Market Funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 11 | |
American Airlines, Inc. [Member] | Recurring [Member] | Corporate Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 1,310 | |
American Airlines, Inc. [Member] | Recurring [Member] | Corporate Obligations [Member] | Maturity Dates Exceeding One Year [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 188 | |
American Airlines, Inc. [Member] | Recurring [Member] | Bank Notes / Certificates of Deposit / Time Deposits [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 2,464 | |
American Airlines, Inc. [Member] | Recurring [Member] | Bank Notes / Certificates of Deposit / Time Deposits [Member] | Maturity Dates Exceeding One Year [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 1,200 | |
American Airlines, Inc. [Member] | Recurring [Member] | Repurchase Agreements [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 225 | |
American Airlines, Inc. [Member] | Recurring [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 11 | |
Restricted cash and short-term investments | 12 | |
Long-term investments | 265 | |
Total | 288 | |
American Airlines, Inc. [Member] | Recurring [Member] | Level 1 [Member] | Money Market Funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 11 | |
American Airlines, Inc. [Member] | Recurring [Member] | Level 1 [Member] | Corporate Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
American Airlines, Inc. [Member] | Recurring [Member] | Level 1 [Member] | Bank Notes / Certificates of Deposit / Time Deposits [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
American Airlines, Inc. [Member] | Recurring [Member] | Level 1 [Member] | Repurchase Agreements [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
American Airlines, Inc. [Member] | Recurring [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 3,999 | |
Restricted cash and short-term investments | 144 | |
Long-term investments | 0 | |
Total | 4,143 | |
American Airlines, Inc. [Member] | Recurring [Member] | Level 2 [Member] | Money Market Funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
American Airlines, Inc. [Member] | Recurring [Member] | Level 2 [Member] | Corporate Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 1,310 | |
American Airlines, Inc. [Member] | Recurring [Member] | Level 2 [Member] | Bank Notes / Certificates of Deposit / Time Deposits [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 2,464 | |
American Airlines, Inc. [Member] | Recurring [Member] | Level 2 [Member] | Repurchase Agreements [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 225 | |
American Airlines, Inc. [Member] | Recurring [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
Restricted cash and short-term investments | 0 | |
Long-term investments | 0 | |
Total | 0 | |
American Airlines, Inc. [Member] | Recurring [Member] | Level 3 [Member] | Money Market Funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
American Airlines, Inc. [Member] | Recurring [Member] | Level 3 [Member] | Corporate Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
American Airlines, Inc. [Member] | Recurring [Member] | Level 3 [Member] | Bank Notes / Certificates of Deposit / Time Deposits [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | 0 | |
American Airlines, Inc. [Member] | Recurring [Member] | Level 3 [Member] | Repurchase Agreements [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | $ 0 |
Fair Value Measurements - Sched
Fair Value Measurements - Schedule of Carrying Value and Estimated Fair Value of Long-Term Debt, Including Current Maturities (Details) - USD ($) $ in Millions | Mar. 31, 2019 | Dec. 31, 2018 |
Carrying Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Long-term debt, including current maturities | $ 23,351 | $ 23,779 |
Fair Value [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Long-term debt, including current maturities | 23,634 | 23,775 |
American Airlines, Inc. [Member] | Carrying Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Long-term debt, including current maturities | 22,075 | 22,503 |
American Airlines, Inc. [Member] | Fair Value [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Long-term debt, including current maturities | $ 22,347 | $ 22,497 |
Employee Benefit Plans - Compon
Employee Benefit Plans - Components of Net Periodic Benefit Cost (Income) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Pension Benefits [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | $ 1 | $ 1 |
Interest cost | 176 | 169 |
Expected return on assets | (204) | (226) |
Amortization of: | ||
Prior service cost (benefit) | 7 | 7 |
Unrecognized net loss (gain) | 38 | 36 |
Net periodic benefit cost (income) | 18 | (13) |
Retiree Medical and Other Postretirement Benefits [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | 1 | 1 |
Interest cost | 8 | 9 |
Expected return on assets | (4) | (6) |
Amortization of: | ||
Prior service cost (benefit) | (59) | (59) |
Unrecognized net loss (gain) | (8) | (5) |
Net periodic benefit cost (income) | (62) | (60) |
American Airlines, Inc. [Member] | Pension Benefits [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | 1 | 1 |
Interest cost | 175 | 168 |
Expected return on assets | (203) | (225) |
Amortization of: | ||
Prior service cost (benefit) | 7 | 7 |
Unrecognized net loss (gain) | 38 | 36 |
Net periodic benefit cost (income) | 18 | (13) |
American Airlines, Inc. [Member] | Retiree Medical and Other Postretirement Benefits [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | 1 | 1 |
Interest cost | 8 | 9 |
Expected return on assets | (4) | (6) |
Amortization of: | ||
Prior service cost (benefit) | (59) | (59) |
Unrecognized net loss (gain) | (8) | (5) |
Net periodic benefit cost (income) | $ (62) | $ (60) |
Employee Benefit Plans - Additi
Employee Benefit Plans - Additional Information (Details) $ in Millions | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Defined Benefit Plan Disclosure [Line Items] | |
Employer contributions | $ 364 |
American Airlines, Inc. [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Employer contributions | $ 364 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Loss - Components of AOCI (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
AOCI tax, attributable to parent [Roll Forward] | ||
Beginning balance, tax | $ (1,218) | |
Other comprehensive loss before reclassifications, tax | (1) | |
Amounts reclassified from AOCI, tax | 6 | |
Net current-period other comprehensive income (loss), tax | 5 | |
Ending balance, tax | (1,213) | |
AOCI attributable to parent, net of tax [Roll Forward] | ||
Beginning balance, net of tax | (5,896) | |
Other comprehensive loss before reclassifications, net of tax | 3 | |
Amounts reclassified from AOCI, net of tax | (16) | $ (16) |
Total other comprehensive loss, net of tax | (13) | (18) |
Ending balance, net of tax | (5,909) | |
Pension, Retiree Medical and Other Postretirement Benefits [Member] | ||
AOCI attributable to parent, before tax [Roll Forward] | ||
Beginning balance, before tax | (4,673) | |
Other comprehensive loss before reclassifications, before tax | 0 | |
Amounts reclassified from AOCI, before tax | (22) | |
Net current-period other comprehensive income (loss), before tax | (22) | |
Ending balance, before tax | (4,695) | |
Unrealized Loss on Investments [Member] | ||
AOCI attributable to parent, before tax [Roll Forward] | ||
Beginning balance, before tax | (5) | |
Other comprehensive loss before reclassifications, before tax | 4 | |
Amounts reclassified from AOCI, before tax | 0 | |
Net current-period other comprehensive income (loss), before tax | 4 | |
Ending balance, before tax | (1) | |
American Airlines, Inc. [Member] | ||
AOCI tax, attributable to parent [Roll Forward] | ||
Beginning balance, tax | (1,329) | |
Other comprehensive loss before reclassifications, tax | (1) | |
Amounts reclassified from AOCI, tax | 6 | |
Net current-period other comprehensive income (loss), tax | 5 | |
Ending balance, tax | (1,324) | |
AOCI attributable to parent, net of tax [Roll Forward] | ||
Beginning balance, net of tax | (5,992) | |
Other comprehensive loss before reclassifications, net of tax | 3 | |
Amounts reclassified from AOCI, net of tax | (16) | (16) |
Total other comprehensive loss, net of tax | (13) | $ (18) |
Ending balance, net of tax | (6,005) | |
American Airlines, Inc. [Member] | Pension, Retiree Medical and Other Postretirement Benefits [Member] | ||
AOCI attributable to parent, before tax [Roll Forward] | ||
Beginning balance, before tax | (4,658) | |
Other comprehensive loss before reclassifications, before tax | 0 | |
Amounts reclassified from AOCI, before tax | (22) | |
Net current-period other comprehensive income (loss), before tax | (22) | |
Ending balance, before tax | (4,680) | |
American Airlines, Inc. [Member] | Unrealized Loss on Investments [Member] | ||
AOCI attributable to parent, before tax [Roll Forward] | ||
Beginning balance, before tax | (5) | |
Other comprehensive loss before reclassifications, before tax | 4 | |
Amounts reclassified from AOCI, before tax | 0 | |
Net current-period other comprehensive income (loss), before tax | 4 | |
Ending balance, before tax | $ (1) |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive Loss - Reclassifications out of AOCI (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Reclassifications out of AOCI | $ (16) | $ (16) |
Prior service benefit [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Reclassifications out of AOCI | (40) | (40) |
Actuarial loss [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Reclassifications out of AOCI | 24 | 24 |
American Airlines, Inc. [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Reclassifications out of AOCI | (16) | (16) |
American Airlines, Inc. [Member] | Prior service benefit [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Reclassifications out of AOCI | (40) | (40) |
American Airlines, Inc. [Member] | Actuarial loss [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Reclassifications out of AOCI | $ 24 | $ 24 |
Regional Expenses (Details)
Regional Expenses (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Regional Expenses [Line Items] | ||
Aircraft fuel and related taxes | $ 1,726 | $ 1,763 |
Salaries, wages and benefits | 3,090 | 3,017 |
Maintenance, materials and repairs | 561 | 469 |
Other rent and landing fees | 503 | 467 |
Aircraft rent | 327 | 309 |
Selling expenses | 370 | 356 |
Depreciation and amortization | 480 | 440 |
Other | 1,251 | 1,261 |
Total regional expenses | 1,763 | 1,698 |
American Airlines, Inc. [Member] | ||
Regional Expenses [Line Items] | ||
Aircraft fuel and related taxes | 1,726 | 1,763 |
Salaries, wages and benefits | 3,089 | 3,014 |
Maintenance, materials and repairs | 561 | 469 |
Other rent and landing fees | 503 | 467 |
Aircraft rent | 327 | 309 |
Selling expenses | 370 | 356 |
Depreciation and amortization | 480 | 440 |
Other | 1,251 | 1,261 |
Total regional expenses | $ 1,791 | 1,682 |
Republic Airways Holdings, Inc. [Member] | ||
Regional Expenses [Line Items] | ||
Equity Method Investment, Ownership Percentage | 25.00% | |
Republic Airways Holdings, Inc. [Member] | American Airlines, Inc. [Member] | ||
Regional Expenses [Line Items] | ||
Equity Method Investment, Ownership Percentage | 25.00% | |
Regional Carrier [Member] | ||
Regional Expenses [Line Items] | ||
Aircraft fuel and related taxes | $ 423 | 398 |
Salaries, wages and benefits | 409 | 383 |
Capacity purchases from third-party regional carriers | 340 | 354 |
Maintenance, materials and repairs | 93 | 80 |
Other rent and landing fees | 167 | 147 |
Aircraft rent | 7 | 9 |
Selling expenses | 92 | 85 |
Depreciation and amortization | 79 | 82 |
Other | 153 | 160 |
Total regional expenses | 1,763 | 1,698 |
Regional Carrier [Member] | American Airlines, Inc. [Member] | ||
Regional Expenses [Line Items] | ||
Aircraft fuel and related taxes | 423 | 398 |
Salaries, wages and benefits | 80 | 82 |
Capacity purchases from third-party regional carriers | 857 | 798 |
Maintenance, materials and repairs | 4 | 2 |
Other rent and landing fees | 160 | 141 |
Aircraft rent | 7 | 7 |
Selling expenses | 92 | 85 |
Depreciation and amortization | 68 | 68 |
Other | 100 | 101 |
Total regional expenses | 1,791 | 1,682 |
Regional Carrier [Member] | Republic Airline Inc. [Member] | ||
Regional Expenses [Line Items] | ||
Capacity purchases from third-party regional carriers | 143 | 138 |
Regional Carrier [Member] | Republic Airline Inc. [Member] | American Airlines, Inc. [Member] | ||
Regional Expenses [Line Items] | ||
Capacity purchases from third-party regional carriers | $ 143 | $ 138 |
Transactions with Related Par_3
Transactions with Related Parties (Details) - American Airlines, Inc. [Member] - USD ($) $ in Millions | Mar. 31, 2019 | Dec. 31, 2018 |
Related Party Transaction [Line Items] | ||
Net receivables (payables) to related parties | $ 11,422 | $ 10,666 |
AAG [Member] | ||
Related Party Transaction [Line Items] | ||
Net receivables (payables) to related parties | 13,587 | 12,808 |
AAG's wholly-owned subsidiaries [Member] | ||
Related Party Transaction [Line Items] | ||
Net receivables (payables) to related parties | $ (2,165) | $ (2,142) |
Legal Proceedings (Details)
Legal Proceedings (Details) shares in Millions, $ in Millions | Feb. 12, 2019shares | Jun. 15, 2018USD ($)lawsuit |
Long-term Purchase Commitment [Line Items] | ||
Shares distributed from Disputed Claims Reserve (in shares) | shares | 17.3 | |
Shares reserved for future issuance (in shares) | shares | 7 | |
Number of putative class action lawsuits | lawsuit | 100 | |
Preliminary settlement amount | $ | $ 45 | |
American Airlines, Inc. [Member] | ||
Long-term Purchase Commitment [Line Items] | ||
Number of putative class action lawsuits | lawsuit | 100 | |
Preliminary settlement amount | $ | $ 45 |
Subsequent Events (Details)
Subsequent Events (Details) - $ / shares | 1 Months Ended | 3 Months Ended | ||
Apr. 25, 2019 | Jan. 31, 2019 | Mar. 31, 2019 | Mar. 31, 2018 | |
Subsequent Event [Line Items] | ||||
Cash dividends declared per common share (in dollars per share) | $ 0.1 | $ 0.10 | $ 0.1 | |
Subsequent Event [Member] | ||||
Subsequent Event [Line Items] | ||||
Cash dividends declared per common share (in dollars per share) | $ 0.10 |
Uncategorized Items - aal-20190
Label | Element | Value |
Accounting Standards Update 2016-02 [Member] | ||
Cumulative Effect of New Accounting Principle in Period of Adoption | us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption | $ 197,000,000 |
Accounting Standards Update 2016-02 [Member] | Retained Earnings [Member] | ||
Cumulative Effect of New Accounting Principle in Period of Adoption | us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption | 197,000,000 |
Accounting Standards Update 2016-02 [Member] | Subsidiaries [Member] | ||
Cumulative Effect of New Accounting Principle in Period of Adoption | us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption | 197,000,000 |
Accounting Standards Update 2016-02 [Member] | Subsidiaries [Member] | Retained Earnings [Member] | ||
Cumulative Effect of New Accounting Principle in Period of Adoption | us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption | 197,000,000 |
Accounting Standards Update 2016-01 [Member] | ||
Cumulative Effect of New Accounting Principle in Period of Adoption | us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption | 60,000,000 |
Accounting Standards Update 2016-01 [Member] | Retained Earnings [Member] | ||
Cumulative Effect of New Accounting Principle in Period of Adoption | us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption | 60,000,000 |
Accounting Standards Update 2016-01 [Member] | Subsidiaries [Member] | ||
Cumulative Effect of New Accounting Principle in Period of Adoption | us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption | 60,000,000 |
Accounting Standards Update 2016-01 [Member] | Subsidiaries [Member] | Retained Earnings [Member] | ||
Cumulative Effect of New Accounting Principle in Period of Adoption | us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption | $ 60,000,000 |