American Airlines (AAL) 10-Q 22 Oct 20 2020 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2020	Oct. 16, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	1-8400
Entity Registrant Name	American Airlines Group Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	75-1825172
Entity Address, Address Line One	1 Skyview Drive,
Entity Address, City or Town	Fort Worth,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76155
City Area Code	(817)
Local Phone Number	963-1234
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	AAL
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		508,631,777
Entity Central Index Key	0000006201
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
American Airlines, Inc.
Document Information [Line Items]
Entity File Number	1-2691
Entity Registrant Name	American Airlines, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-1502798
Entity Address, Address Line One	1 Skyview Drive,
Entity Address, City or Town	Fort Worth,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76155
City Area Code	(817)
Local Phone Number	963-1234
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,000
Entity Central Index Key	0000004515

Condensed Consolidated Statemen

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

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Net income (loss)	$ (2,399)	$ 425	$ (6,707)	$ 1,272
Other comprehensive income (loss), net of tax:
Pension, retiree medical and other postretirement benefits	(14)	(19)	(145)	(53)
Investments	1	0	0	3
Total other comprehensive loss, net of tax	(13)	(19)	(145)	(50)
Total comprehensive income (loss)	(2,412)	406	(6,852)	1,222
American Airlines, Inc.
Net income (loss)	(2,276)	508	(6,413)	1,452
Other comprehensive income (loss), net of tax:
Pension, retiree medical and other postretirement benefits	(15)	(19)	(146)	(53)
Investments	1	0	0	3
Total other comprehensive loss, net of tax	(14)	(19)	(146)	(50)
Total comprehensive income (loss)	$ (2,290)	$ 489	$ (6,559)	$ 1,402

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Current assets
Cash	$ 253	$ 280
Short-term investments	8,031	3,546
Restricted cash and short-term investments	508	158
Accounts receivable, net	1,135	1,750
Aircraft fuel, spare parts and supplies, net	1,633	1,851
Prepaid expenses and other	780	621
Total current assets	12,340	8,206
Operating property and equipment
Flight equipment	37,576	42,537
Ground property and equipment	9,451	9,443
Equipment purchase deposits	1,899	1,674
Total property and equipment, at cost	48,926	53,654
Less accumulated depreciation and amortization	(16,670)	(18,659)
Total property and equipment, net	32,256	34,995
Operating lease right-of-use assets	7,979	8,737
Other assets
Goodwill	4,091	4,091
Intangibles, net of accumulated amortization of $734 and $704, respectively	2,039	2,084
Deferred tax asset	2,425	645
Other assets	1,643	1,237
Total other assets	10,198	8,057
Total assets	62,773	59,995
Current liabilities
Current maturities of long-term debt and finance leases	2,710	2,861
Accounts payable	1,077	2,062
Accrued salaries and wages	1,919	1,541
Operating lease liabilities	1,736	1,708
Other accrued liabilities	2,188	2,138
Total current liabilities	16,584	18,311
Noncurrent liabilities
Long-term debt and finance leases, net of current maturities	30,076	21,454
Pension and postretirement benefits	6,310	6,052
Loyalty program liability	7,043	5,422
Operating lease liabilities	6,683	7,421
Other liabilities	1,605	1,453
Total noncurrent liabilities	51,717	41,802
Commitments and contingencies
Stockholders’ equity (deficit)
Common stock, $0.01 par value; 1,750,000,000 shares authorized, 508,603,895 shares issued and outstanding at September 30, 2020; 428,202,506 shares issued and outstanding at December 31, 2019	5	4
Additional paid-in capital	5,430	3,945
Accumulated other comprehensive loss	(6,476)	(6,331)
Retained earnings (deficit)	(4,487)	2,264
Total stockholders’ deficit	(5,528)	(118)
Total liabilities and stockholders’ equity (deficit)	62,773	59,995
Air traffic liability
Current liabilities
Deferred revenue, current	4,903	4,808
Loyalty program liability
Current liabilities
Deferred revenue, current	2,051	3,193
American Airlines, Inc.
Current assets
Cash	243	267
Short-term investments	8,029	3,543
Restricted cash and short-term investments	508	158
Accounts receivable, net	1,129	1,770
Receivables from related parties, net	9,183	12,451
Aircraft fuel, spare parts and supplies, net	1,535	1,754
Prepaid expenses and other	727	584
Total current assets	21,354	20,527
Operating property and equipment
Flight equipment	37,252	42,213
Ground property and equipment	9,088	9,089
Equipment purchase deposits	1,899	1,674
Total property and equipment, at cost	48,239	52,976
Less accumulated depreciation and amortization	(16,318)	(18,335)
Total property and equipment, net	31,921	34,641
Operating lease right-of-use assets	7,942	8,694
Other assets
Goodwill	4,091	4,091
Intangibles, net of accumulated amortization of $734 and $704, respectively	2,039	2,084
Deferred tax asset	2,450	689
Other assets	1,521	1,164
Total other assets	10,101	8,028
Total assets	71,318	71,890
Current liabilities
Current maturities of long-term debt and finance leases	2,713	2,358
Accounts payable	999	1,990
Accrued salaries and wages	1,859	1,461
Operating lease liabilities	1,724	1,695
Other accrued liabilities	2,093	2,055
Total current liabilities	16,342	17,560
Noncurrent liabilities
Long-term debt and finance leases, net of current maturities	26,478	20,684
Pension and postretirement benefits	6,267	6,008
Loyalty program liability	7,043	5,422
Operating lease liabilities	6,655	7,388
Other liabilities	1,545	1,406
Total noncurrent liabilities	47,988	40,908
Commitments and contingencies
Stockholders’ equity (deficit)
Common stock, $0.01 par value; 1,750,000,000 shares authorized, 508,603,895 shares issued and outstanding at September 30, 2020; 428,202,506 shares issued and outstanding at December 31, 2019	0	0
Additional paid-in capital	17,028	16,903
Accumulated other comprehensive loss	(6,569)	(6,423)
Retained earnings (deficit)	(3,471)	2,942
Total stockholders’ deficit	6,988	13,422
Total liabilities and stockholders’ equity (deficit)	71,318	71,890
American Airlines, Inc. | Air traffic liability
Current liabilities
Deferred revenue, current	4,903	4,808
American Airlines, Inc. | Loyalty program liability
Current liabilities
Deferred revenue, current	$ 2,051	$ 3,193

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Accumulated amortization of intangibles	$ 734	$ 704
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)	508,603,895	428,202,506
Common stock, shares outstanding (in shares)	508,603,895	428,202,506
American Airlines, Inc.
Accumulated amortization of intangibles	$ 734	$ 704
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		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019
Net cash provided by (used in) operating activities		$ (3,680)	$ 3,215
Cash flows from investing activities:
Capital expenditures and aircraft purchase deposits		(1,810)	(3,129)
Proceeds from sale-leaseback transactions		433	629
Proceeds from sale of property and equipment		251	42
Purchases of short-term investments		(7,086)	(2,878)
Sales of short-term investments		2,603	2,524
Increase in restricted short-term investments		(317)	(2)
Other investing activities		(112)	(68)
Net cash used in investing activities		(6,038)	(2,882)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		11,564	3,550
Payments on long-term debt and finance leases		(3,018)	(2,835)
Proceeds from issuance of equity		1,527	0
Deferred financing costs		(132)	(51)
Treasury stock repurchases		(173)	(825)
Dividend payments		(43)	(135)
Net cash provided by (used in) financing activities		9,725	(296)
Net increase in cash and restricted cash		7	37
Cash and restricted cash at beginning of period		290	286
Cash and restricted cash at end of period	[1]	297	323
Non-cash transactions:
Right-of-use (ROU) assets acquired through operating leases		468	854
Payroll Support Program Warrants		63	0
Settlement of bankruptcy obligations		56	7
Treasury Loan Warrants		25	0
Deferred financing costs paid through issuance of debt		17	0
Property and equipment acquired through finance leases		0	46
Supplemental information:
Interest paid, net		715	817
Income taxes paid		2	5
American Airlines, Inc.
Net cash provided by (used in) operating activities		(90)	2,910
Cash flows from investing activities:
Capital expenditures and aircraft purchase deposits		(1,781)	(3,043)
Proceeds from sale-leaseback transactions		433	629
Proceeds from sale of property and equipment		251	42
Purchases of short-term investments		(7,086)	(2,878)
Sales of short-term investments		2,603	2,524
Increase in restricted short-term investments		(317)	(2)
Other investing activities		(112)	(68)
Net cash used in investing activities		(6,009)	(2,796)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		8,743	2,800
Payments on long-term debt and finance leases		(2,512)	(2,835)
Deferred financing costs		(122)	(41)
Net cash provided by (used in) financing activities		6,109	(76)
Net increase in cash and restricted cash		10	38
Cash and restricted cash at beginning of period		277	276
Cash and restricted cash at end of period	[2]	287	314
Non-cash transactions:
Right-of-use (ROU) assets acquired through operating leases		459	853
Settlement of bankruptcy obligations		56	7
Deferred financing costs paid through issuance of debt		17	0
Property and equipment acquired through finance leases		0	46
Supplemental information:
Interest paid, net		668	772
Income taxes paid		$ 2	$ 5
[1]	The following table provides a reconciliation of cash and restricted cash to amounts reported within the condensed consolidated balance sheets: Cash $ 253 $ 312 Restricted cash included in restricted cash and short-term investments 44 11 Total cash and restricted cash $ 297 $ 323
[2]	The following table provides a reconciliation of cash and restricted cash to amounts reported within the condensed consolidated balance sheets: Cash $ 243 $ 303 Restricted cash included in restricted cash and short-term investments 44 11 Total cash and restricted cash $ 287 $ 314

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2020		Dec. 31, 2019	Sep. 30, 2019
Cash	$ 253		$ 280	$ 312
Restricted cash included in restricted cash and short-term investments	44			11
Total cash and restricted cash	297	[1]	290	323	[1]
American Airlines, Inc.
Cash	243		267	303
Restricted cash included in restricted cash and short-term investments	44			11
Total cash and restricted cash	$ 287	[2]	$ 277	$ 314	[2]
[1]	The following table provides a reconciliation of cash and restricted cash to amounts reported within the condensed consolidated balance sheets: Cash $ 253 $ 312 Restricted cash included in restricted cash and short-term investments 44 11 Total cash and restricted cash $ 297 $ 323
[2]	The following table provides a reconciliation of cash and restricted cash to amounts reported within the condensed consolidated balance sheets: Cash $ 243 $ 303 Restricted cash included in restricted cash and short-term investments 44 11 Total cash and restricted cash $ 287 $ 314

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' Equity (Deficit) - USD ($) $ in Millions	Total	Payroll Support Program Warrants	Treasury Loan Warrants	Common Stock	Additional Paid-in Capital	Additional Paid-in CapitalPayroll Support Program Warrants	Additional Paid-in CapitalTreasury Loan Warrants	Accumulated Other Comprehensive Loss	Retained Earnings (Deficit)	American Airlines, Inc.	American Airlines, Inc.Common Stock	American Airlines, Inc.Additional Paid-in Capital	American Airlines, Inc.Accumulated Other Comprehensive Loss	American Airlines, Inc.Retained Earnings (Deficit)
Beginning Balance at Dec. 31, 2018	$ (169)			$ 5	$ 4,964			$ (5,896)	$ 758	$ 11,770	$ 0	$ 16,802	$ (5,992)	$ 960
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	185								185	230				230
Other comprehensive loss, net	(13)							(13)		(13)			(13)
Purchase and retirement of AAG common stock	(610)				(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)			5	4,371			(5,909)	897	12,012	0	16,827	(6,005)	1,190
Beginning Balance at Dec. 31, 2018	(169)			5	4,964			(5,896)	758	11,770	0	16,802	(5,992)	960
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,272									1,452
Other comprehensive loss, net	(50)									(50)
Ending Balance at Sep. 30, 2019	160			4	4,208			(5,946)	1,894	13,260	0	16,881	(6,042)	2,421
Beginning Balance at Mar. 31, 2019	(636)			5	4,371			(5,909)	897	12,012	0	16,827	(6,005)	1,190
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	662								662	714				714
Other comprehensive loss, net	(18)							(18)		(18)			(18)
Dividends declared on AAG common stock	(45)								(45)
Issuance of shares of AAG common stock pursuant to employee stock plans net of shares withheld for cash taxes	(17)				(17)
Settlement of single-dip unsecured claims held in Disputed Claims Reserve	7				7
Share-based compensation expense	25				25					25		25
Intercompany equity transfer										7		7
Ending Balance at Jun. 30, 2019	(22)			5	4,386			(5,927)	1,514	12,740	0	16,859	(6,023)	1,904
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	425								425	508				508
Other comprehensive loss, net	(19)							(19)		(19)			(19)
Purchase and retirement of AAG common stock	(201)			(1)	(200)
Dividends declared on AAG common stock	(45)								(45)
Issuance of shares of AAG common stock pursuant to employee stock plans net of shares withheld for cash taxes	0				0
Share-based compensation expense	22				22					22		22
Intercompany equity transfer										9		0		9
Ending Balance at Sep. 30, 2019	160			4	4,208			(5,946)	1,894	13,260	0	16,881	(6,042)	2,421
Beginning Balance at Dec. 31, 2019	(118)			4	3,945			(6,331)	2,264	13,422	0	16,903	(6,423)	2,942
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(2,241)								(2,241)	(2,169)				(2,169)
Other comprehensive loss, net	(149)							(149)		(149)			(149)
Purchase and retirement of AAG common stock	(145)				(145)
Dividends declared on AAG common stock	(44)								(44)
Issuance of shares of AAG common stock pursuant to employee stock plans net of shares withheld for cash taxes	(13)				(13)
Settlement of single-dip unsecured claims held in Disputed Claims Reserve	56				56
Share-based compensation expense	18				18					18		18
Intercompany equity transfer										56		56
Ending Balance at Mar. 31, 2020	(2,636)			4	3,861			(6,480)	(21)	11,178	0	16,977	(6,572)	773
Beginning Balance at Dec. 31, 2019	(118)			4	3,945			(6,331)	2,264	13,422	0	16,903	(6,423)	2,942
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(6,707)									(6,413)
Other comprehensive loss, net	(145)									(146)
Purchase and retirement of AAG common stock	(145)
Issuance of AAG common stock pursuant to a public stock offering, net of offering costs	1,100
Ending Balance at Sep. 30, 2020	(5,528)			5	5,430			(6,476)	(4,487)	6,988	0	17,028	(6,569)	(3,471)
Beginning Balance at Mar. 31, 2020	(2,636)			4	3,861			(6,480)	(21)	11,178	0	16,977	(6,572)	773
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(2,067)								(2,067)	(1,968)				(1,968)
Other comprehensive loss, net	17							17		17			17
Settlement of single-dip unsecured claims held in Disputed Claims Reserve	(2)				(2)
Warrants	55				55
Equity component of convertible debt issued, net of tax and offering costs	320				320
Issuance of AAG common stock pursuant to a public stock offering, net of offering costs	1,113			1	1,112
Share-based compensation expense	31				31					31		31
Ending Balance at Jun. 30, 2020	(3,169)			5	5,377			(6,463)	(2,088)	9,258	0	17,008	(6,555)	(1,195)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(2,399)								(2,399)	(2,276)				(2,276)
Other comprehensive loss, net	(13)							(13)		(14)			(14)
Issuance of shares of AAG common stock pursuant to employee stock plans net of shares withheld for cash taxes	0				0
Warrants		$ 8	$ 25			$ 8	$ 25
Share-based compensation expense	20				20					20		20
Ending Balance at Sep. 30, 2020	$ (5,528)			$ 5	$ 5,430			$ (6,476)	$ (4,487)	$ 6,988	$ 0	$ 17,028	$ (6,569)	$ (3,471)

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Purchase and retirement of common stock (in shares)			6,378,025	7,275,610		16,947,393
Dividends declared on common stock (in dollars per share)	$ 0		$ 0.10	$ 0.10	$ 0.10	$ 0.10
Issuance of shares of common stock pursuant to employee stock plans (in shares)	47,741	454,621	1,062,052	48,547	1,046,122	552,752
Issuance of shares of AAG common stock pursuant to a public stock offering (in shares)		85,215,000

Basis of Presentation and Recen

Basis of Presentation and Recent Accounting Pronouncement	9 Months Ended
	Sep. 30, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Basis of Presentation and Recent Accounting Pronouncement	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, 2019. 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. (b) Impact of Coronavirus (COVID-19) COVID-19 has been declared a global health pandemic by the World Health Organization. COVID-19 has surfaced in nearly all regions of the world, which has driven the implementation of significant, government-imposed measures to prevent or reduce its spread, including travel restrictions, closing of borders, “shelter in place” orders and business closures . As a result, we have experienced an unprecedented decline in the demand for air travel, which has resulted in a material deterioration in our revenues. While our business performed largely as expected in January and February of 2020, a severe reduction in air travel starting in March 2020 resulted in our total operating revenues decreasing approximately 20% in the first quarter of 2020, 86% in the second quarter of 2020 and 73% in the third quarter of 2020 as compared to the first, second and third quarters of 2019, respectively. While the length and severity of the reduction in demand due to COVID-19 is uncertain, we expect our results of operations for the remainder of 2020 to be severely impacted. We have taken aggressive actions to mitigate the effect of COVID-19 on our business including deep capacity reductions, structural changes to our fleet, cost reductions, and steps to preserve cash and improve our overall liquidity position. We remain extremely focused on taking all self-help measures available to manage our business during this unprecedented time, consistent with the terms of the financial assistance we have received from the U.S. Government under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Capacity Reductions We have significantly reduced our capacity (as measured by available seat miles), with the third quarter of 2020 flying decreased by 59% year-over-year and fourth quarter of 2020 flying expected to decrease by more than 50% year-over-year, with long-haul international capacity down approximately 75% year-over-year. The demand environment continues to be uncertain as COVID-19 cases have continued to fluctuate in jurisdictions to which we fly and travel restrictions have generally remained in place. Due to this uncertainty, we will continue to adjust our future capacity to match developing trends in bookings for future travel and make further adjustments to our capacity as needed. Fleet To better align our network with lower passenger demand, we accelerated the retirement of Airbus A330-200, Boeing 757, Boeing 767, Airbus A330-300 and Embraer 190 fleets as well as certain regional aircraft, including certain Embraer 140 and Bombardier CRJ200 aircraft. These retirements remove complexity from our operation and bring forward cost savings and efficiencies associated with operating fewer aircraft types. See Note 13 for further information on the accounting for our fleet retirements. Due to the inherent uncertainties of the current operating environment, we will continue to evaluate our current fleet and may decide to permanently retire additional aircraft. In addition, we have placed a number of Boeing 737-800 and certain regional aircraft into temporary storage. Cost Reductions We are moving quickly to better align our costs with our reduced schedule. In aggregate, we estimate that we have reduced our 2020 operating and capital expenditures by approximately $17.0 billion. These savings have been achieved primarily through capacity reductions. In addition, we have implemented a series of actions, including the accelerated fleet retirements discussed above as well as reductions in maintenance expense and non-aircraft capital expenditures through less fleet modification work, the elimination of ground service equipment purchases and pausing all non-critical facility investments and information technology projects. We have also suspended all non-essential hiring, paused non-contractual pay rate increases, reduced executive and board of director compensation, implemented voluntary leave and early retirement programs, decreased our management and support staff team, including officers, by approximately 5,100 positions, or 30%, and, as necessary, undertaken furloughs, to reduce our labor costs consistent with our obligations under the CARES Act. In total, more than 20,000 team members have opted for an early retirement or long-term paid leave and approximately 19,000 team members were furloughed starting October 1, 2020. Additionally, we have made reductions in marketing, contractor, event and training expenses as well as consolidated space at airport facilities. Liquidity At September 30, 2020, we had $13.6 billion in total available liquidity, consisting of $8.3 billion in unrestricted cash and short-term investments, $4.9 billion in an undrawn term loan facility under the CARES Act and $400 million in an undrawn short-term revolving facility. During the first nine months of 2020, we completed the following financing transactions (see Note 6 for further information): • refinanced the $1.2 billion 2014 Term Loan Facility at a lower interest rate and extended the maturity from 2021 to 2027; • raised $1.0 billion from a senior secured delayed draw term loan credit facility; • issued $500 million in aggregate principal amount of 3.75% unsecured senior notes due 2025 and repaid $500 million of 4.625% unsecured senior notes that matured in March 2020; • borrowed $750 million under the 2013 Revolving Facility, $1.6 billion under the 2014 Revolving Facility and $450 million under the April 2016 Revolving Facility; • issued $1.0 billion in aggregate principal amount of 6.50% convertible senior notes due 2025; • issued 85.2 million shares of AAG common stock at a price of $13.50 per share pursuant to a public offering of common stock for net proceeds of $1.1 billion; • issued $2.5 billion in aggregate principal amount of 11.75% senior secured notes due 2025 and repaid the $1.0 billion senior secured delayed draw term loan credit facility that we borrowed in March 2020; • issued approximately $360 million in special facility revenue bonds, of which $47 million was used to fund the redemption of certain outstanding bonds; • entered into a $5.5 billion secured term loan facility with the U.S. Department of Treasury (Treasury), of which we borrowed $550 million (see below for additional information on the Treasury Loan Agreement); • issued $1.2 billion in aggregate principal amount of two series of 10.75% senior secured notes due 2026 secured by various collateral; • raised $392 million from aircraft sale-leaseback transactions; and • raised $323 million from enhanced equipment trust certificates (EETCs) and other aircraft and flight equipment financings, of which $17 million was used to repay existing indebtedness. In addition to the foregoing financings, we were initially approved to receive an aggregate of $5.8 billion in financial assistance to be paid in installments through the payroll support program (Payroll Support Program) under the CARES Act, all of which was received by the end of July 2020. On September 30, 2020, we received an additional installment of $168 million for a total aggregate of $6.0 billion of such financial assistance and, as a result, the promissory note (the PSP Promissory Note) previously issued to Treasury for $1.7 billion was revised upwards to $1.8 billion in aggregate principal amount and warrants to purchase up to an aggregate of approximately 13.7 million shares of AAG common stock were revised upwards to 14.1 million shares (the PSP Warrant Shares) of AAG common stock. See below for further discussion on the Payroll Support Program. Also, we are permitted to, and will, defer payment of the employer portion of Social Security taxes through the end of 2020 (with 50% of the deferred amount due December 31, 2021 and the remaining 50% due December 31, 2022). This deferral is expected to provide approximately $300 million in additional liquidity during 2020 . Additionally, we have suspended our capital return program, including share repurchases and the payment of future dividends for at least the period that the restrictions imposed by the CARES Act are applicable. We continue to evaluate future financing opportunities and work with third-party appraisers on valuations of our remaining unencumbered assets. Certain of our debt financing agreements contain covenants requiring us to maintain an aggregate of at least $2.0 billion of unrestricted cash and cash equivalents and amounts available to be drawn under revolving credit facilities and/or contain loan to value and debt service coverage ratio covenants. Given the above actions and our assumptions about the future impact of COVID-19 on travel demand, which could be materially different due to the inherent uncertainties of the current operating environment, we expect to meet our cash obligations as well as remain in compliance with the debt covenants in our existing financing agreements for the next 12 months based on our current level of unrestricted cash and short-term investments, our anticipated access to liquidity (including via proceeds from financings and funds from government assistance obtained pursuant to the CARES Act) and projected cash flows from operations . Payroll Support Program On April 20, 2020 (the PSP Closing Date), American, Envoy Air Inc. (Envoy), Piedmont Airlines, Inc. (Piedmont) and PSA Airlines, Inc. (PSA and together with American, Envoy and Piedmont, the Subsidiaries), each our wholly-owned subsidiary, entered into a Payroll Support Program Agreement (the PSP Agreement) with Treasury, with respect to the Payroll Support Program provided pursuant to the CARES Act. In connection with our entry into the PSP Agreement, on the PSP Closing Date, we also entered into a warrant agreement (the PSP Warrant Agreement) with Treasury, and we issued the PSP Promissory Note to Treasury, with the Subsidiaries as guarantors (the Guarantors). Payroll Support Program Agreement In connection with the Payroll Support Program, we are required to comply with the relevant provisions of the CARES Act, including the requirement that funds provided pursuant to the PSP Agreement be used exclusively for the continuation of payment of employee wages, salaries and benefits, the requirement against involuntary furloughs and reductions in employee pay rates and benefits, which expired on September 30, 2020, the requirement that certain levels of commercial air service be maintained and the provisions that prohibit the repurchase of AAG common stock, and the payment of common stock dividends through September 30, 2021, as well as those that restrict the payment of certain executive compensation until March 24, 2022. The PSP Agreement also imposes substantial reporting obligations on us. As of September 30, 2020, we also received a secured loan from Treasury under the loan program that is due June 2025 and, as a result, the stock repurchase, dividend and executive compensation restrictions will remain in place through the date that is one year after such secured loan is fully repaid. See below for additional information on the Treasury Loan Agreement. Pursuant to the PSP Agreement, Treasury provided us financial assistance which was paid in installments (each, an Installment) and totaled an aggregate of approximately $5.8 billion initially and was subsequently increased to $6.0 billion, and all of which has been received as of September 30, 2020. As partial compensation to the U.S. Government for the provision of financial assistance under the Payroll Support Program, we issued a total aggregate principal amount of approximately $1.8 billion under the PSP Promissory Note and issued warrants (each a PSP Warrant and, collectively, the PSP Warrants) to Treasury to purchase up to an aggregate of approximately 14.1 million PSP Warrant Shares. See Note 6 for further information on the PSP Promissory Note and below for more information on the PSP Warrant Agreement and the PSP Warrants. For accounting purposes, the $6.0 billion of aggregate financial assistance we received pursuant to the PSP Agreement is allocated to the PSP Promissory Note, the PSP Warrants and other Payroll Support Program financial assistance (the PSP Financial Assistance). The aggregate principal amount of approximately $1.8 billion of PSP Promissory Note was recorded as unsecured long-term debt, and the total fair value of the PSP Warrants of $63 million, estimated using a Black-Scholes option pricing model, was recorded in stockholders' equity in the condensed consolidated balance sheet. The remaining amount of approximately $4.2 billion of PSP Financial Assistance was recognized as a credit to special items, net in the condensed consolidated statement of operations in the second and third quarters of 2020, the period over which the continuation of payment of employee wages, salaries and benefits was required. For the three and nine months ended September 30, 2020, approximately $2.1 billion and $4.2 billion, respectively, was recognized as a credit to special items, net in the condensed consolidated statement of operations. PSP Warrant Agreement and PSP Warrants As partial compensation to the U.S. Government for the provision of financial assistance under the PSP Agreement, and pursuant to the PSP Warrant Agreement, we agreed to issue warrants to Treasury to purchase up to an aggregate of approximately 14.1 million PSP Warrant Shares of AAG common stock. The exercise price of the PSP Warrant Shares is $12.51 per share (which was the closing price of AAG common stock on The Nasdaq Global Select Market on April 9, 2020) (the Exercise Price) subject to certain anti-dilution provisions provided for in the PSP Warrant. Pursuant to the PSP Warrant Agreement, on the PSP Closing Date, May 29, 2020, June 30, 2020, July 30, 2020 and September 30, 2020, we issued to Treasury a PSP Warrant to purchase up to an aggregate of approximately 6.7 million shares, 2.8 million shares, 2.8 million shares, 1.4 million shares and 0.4 million shares, respectively, of AAG common stock based on the terms described herein. The PSP Warrants do not have any voting rights and are freely transferrable, with registration rights. Each PSP Warrant expires on the fifth anniversary of the date of issuance of such PSP Warrant. The PSP Warrants will be exercisable either through net share settlement or cash, at our option. The PSP Warrants were issued solely as compensation to the U.S. Government related to entry into the PSP Agreement. No separate proceeds (apart from the financial assistance described above) were received upon issuance of the PSP Warrants or will be received upon exercise thereof. Treasury Loan Agreement On September 25, 2020 (the Treasury Loan Closing Date), AAG and American entered into a Loan and Guarantee Agreement (the Treasury Loan Agreement) with Treasury which provides for a secured term loan facility (the Treasury Term Loan Facility) that permitted American to borrow up to $5.5 billion. Subsequently, on October 21, 2020, AAG and American entered into an amendment to the Treasury Loan Agreement that permits American to borrow up to $7.5 billion. The Treasury Loan Agreement will involve the issuance of additional warrants to purchase up to an aggregate of approximately 60.0 million shares of AAG common stock, assuming the Treasury Term Loan Facility is fully drawn. As of September 30, 2020, American borrowed $550 million under the Treasury Term Loan Facility, which is scheduled to mature on June 30, 2025, and issued warrants to Treasury to purchase up to an aggregate of approximately 4.4 million shares of AAG common stock. See Note 6 for further information on the Treasury Loan Agreement and below for more information on the Treasury Loan Warrant Agreement and Treasury Loan Warrants. Treasury Loan Warrant Agreement and Warrants In connection with the Treasury Loan Agreement, AAG also entered into a warrant agreement (the Treasury Loan Warrant Agreement) with Treasury. Pursuant to the Treasury Loan Warrant Agreement, AAG agreed to issue warrants (each a Treasury Loan Warrant and, collectively, the Treasury Loan Warrants) to Treasury to purchase up to an aggregate of approximately 60.0 million shares (the Treasury Loan Warrant Shares) of AAG's common stock based on the $7.5 billion commitment amount under the Treasury Term Loan Facility. The exercise price of the Treasury Loan Warrant Shares is $12.51 per share (the Exercise Price) subject to certain anti-dilution provisions provided for in the Treasury Loan Warrant Agreement. For accounting purposes, the fair value for the Treasury Loan Warrant Shares is estimated using a Black-Scholes option pricing model and recorded in stockholders' equity with an offsetting debt discount to the Treasury Term Loan Facility in the condensed consolidated balance sheet. Pursuant to the Treasury Loan Warrant Agreement, on the Treasury Loan Closing Date, AAG issued to Treasury a Treasury Loan Warrant to purchase up to an aggregate of approximately 4.4 million Treasury Loan Warrant Shares based on the terms described herein. On the date of each additional borrowing under the Treasury Loan Agreement, AAG will issue to Treasury an additional Treasury Loan Warrant for a number of Treasury Loan Warrant Shares equal to 10% of such borrowing, divided by the Exercise Price. The Treasury Loan Warrants do not have any voting rights and are freely transferrable, with registration rights. Each Treasury Loan Warrant expires on the fifth anniversary of the date of issuance of such Treasury Loan Warrant. The Treasury Loan Warrants will be exercisable either through net share settlement or cash, at AAG's option. The Treasury Loan Warrants were issued solely as compensation to the U.S. Government related to entry into the Treasury Loan Agreement. No separate proceeds were received upon issuance of the Treasury Loan Warrants or will be received upon exercise thereof. (c) Recent Accounting Pronouncements Accounting Standards Update (ASU) 2016-13: Measurement of Credit Losses on Financial Instruments This ASU requires the use of an expected loss model for certain types of financial instruments and requires consideration of a broader range of reasonable and supportable information to calculate credit loss estimates. For trade receivables, loans and held-to-maturity debt securities, an estimate of lifetime expected credit losses is required. For available-for-sale debt securities, an allowance for credit losses will be required rather than a reduction to the carrying value of the asset. We adopted this accounting standard prospectively as of January 1, 2020, and it did not have a material impact on our condensed consolidated financial statements. ASU 2020-06: Accounting for Convertible Instruments and Contracts In An Entity's Own Equity This ASU simplifies the accounting for certain convertible instruments by removing the separation models for convertible debt with a cash conversion feature or convertible instruments with a beneficial conversion feature. As a result, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. Additionally, this ASU amends the diluted earnings per share calculation for convertible instruments by requiring the use of the if-converted method. The treasury stock method is no longer available. Entities may adopt this ASU using either a full or modified retrospective approach, and it is effective for interim and annual reporting periods beginning after December 15, 2021. Early adoption is permitted for interim and annual reporting periods beginning after December 15, 2020. This ASU is applicable to our 6.50% convertible senior notes due 2025, and we are assessing the impact the adoption of this ASU will have on our condensed consolidated financial statements.
American Airlines, Inc.
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Basis of Presentation and Recent Accounting Pronouncement	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, 2019. 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. (b) Impact of Coronavirus (COVID-19) COVID-19 has been declared a global health pandemic by the World Health Organization. COVID-19 has surfaced in nearly all regions of the world, which has driven the implementation of significant, government-imposed measures to prevent or reduce its spread, including travel restrictions, closing of borders, “shelter in place” orders and business closures . As a result, American has experienced an unprecedented decline in the demand for air travel, which has resulted in a material deterioration in its revenues. While American's business performed largely as expected in January and February of 2020, a severe reduction in air travel starting in March 2020 resulted in its total operating revenues decreasing approximately 20% in the first quarter of 2020, 86% in the second quarter of 2020 and 73% in the third quarter of 2020 as compared to the first, second and third quarters of 2019, respectively. While the length and severity of the reduction in demand due to COVID-19 is uncertain, American expects its results of operations for the remainder of 2020 to be severely impacted. American has taken aggressive actions to mitigate the effect of COVID-19 on its business including deep capacity reductions, structural changes to its fleet, cost reductions, and steps to preserve cash and improve its overall liquidity position. American remains extremely focused on taking all self-help measures available to manage its business during this unprecedented time, consistent with the terms of the financial assistance it has received from the U.S. Government under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Capacity Reductions American has significantly reduced its capacity (as measured by available seat miles), with the third quarter of 2020 flying decreased by 59% year-over-year and fourth quarter of 2020 flying expected to decrease by more than 50% year-over-year, with long-haul international capacity down approximately 75% year-over-year. The demand environment continues to be uncertain as COVID-19 cases have continued to fluctuate in jurisdictions to which American flies and travel restrictions have generally remained in place. Due to this uncertainty, American will continue to adjust its future capacity to match developing trends in bookings for future travel and make further adjustments to its capacity as needed. Fleet To better align American’s network with lower passenger demand, American accelerated the retirement of Airbus A330-200, Boeing 757, Boeing 767, Airbus A330-300 and Embraer 190 fleets as well as certain regional aircraft, including certain Embraer 140 and Bombardier CRJ200 aircraft. These retirements remove complexity from its operation and bring forward cost savings and efficiencies associated with operating fewer aircraft types. See Note 12 for further information on the accounting for American's fleet retirements. Due to the inherent uncertainties of the current operating environment, American will continue to evaluate its current fleet and may decide to permanently retire additional aircraft. In addition, American has placed a number of Boeing 737-800 and certain regional aircraft into temporary storage. Cost Reductions American is moving quickly to better align its costs with its reduced schedule. In aggregate, American estimates that it has reduced its 2020 operating and capital expenditures by approximately $17.0 billion. These savings have been achieved primarily through capacity reductions. In addition, American has implemented a series of actions, including the accelerated fleet retirements discussed above as well as reductions in maintenance expense and non-aircraft capital expenditures through less fleet modification work, the elimination of ground service equipment purchases and pausing all non-critical facility investments and information technology projects. American has also suspended all non-essential hiring, paused non-contractual pay rate increases, reduced executive and board of director compensation, implemented voluntary leave and early retirement programs, decreased its management and support staff team, including officers, by approximately 5,100 positions, or 30%, and, as necessary, undertaken furloughs, to reduce its labor costs consistent with its obligations under the CARES Act. In total, more than 20,000 team members have opted for an early retirement or long-term paid leave and approximately 19,000 team members were furloughed starting October 1, 2020. Additionally, American has made reductions in marketing, contractor, event and training expenses as well as consolidated space at airport facilities. Liquidity At September 30, 2020, American had $13.6 billion in total available liquidity, consisting of $8.3 billion in unrestricted cash and short-term investments, $4.9 billion in an undrawn term loan facility under the CARES Act and $400 million in an undrawn short-term revolving facility. During the first nine months of 2020, American completed the following financing transactions (see Note 4 for further information): • refinanced the $1.2 billion 2014 Term Loan Facility at a lower interest rate and extended the maturity from 2021 to 2027; • raised $1.0 billion from a senior secured delayed draw term loan credit facility; • borrowed $750 million under the 2013 Revolving Facility, $1.6 billion under the 2014 Revolving Facility and $450 million under the April 2016 Revolving Facility; • issued $2.5 billion in aggregate principal amount of 11.75% senior secured notes due 2025 and repaid the $1.0 billion senior secured delayed draw term loan credit facility that American borrowed in March 2020; • issued approximately $360 million in special facility revenue bonds, of which $47 million was used to fund the redemption of certain outstanding bonds; • entered into a $5.5 billion secured term loan facility with the U.S. Department of Treasury (Treasury), of which American borrowed $550 million (see below for additional information on the Treasury Loan Agreement); • issued $1.2 billion in aggregate principal amount of two series of 10.75% senior secured notes due 2026 secured by various collateral; • raised $392 million from aircraft sale-leaseback transactions; and • raised $323 million from enhanced equipment trust certificates (EETCs) and other aircraft and flight equipment financings, of which $17 million was used to repay existing indebtedness. In addition to the foregoing financings, AAG and the Subsidiaries (as defined below) were initially approved to receive an aggregate of $5.8 billion in financial assistance to be paid in installments through the payroll support program (Payroll Support Program) under the CARES Act, all of which was received by the end of July 2020. On September 30, 2020, AAG and the Subsidiaries received an additional installment of $168 million for a total aggregate of $6.0 billion of such financial assistance and, as a result, the promissory note (the PSP Promissory Note) previously issued to Treasury for $1.7 billion was revised upwards to $1.8 billion in aggregate principal amount and warrants to purchase up to an aggregate of approximately 13.7 million shares of AAG common stock were revised upwards to 14.1 million shares (the PSP Warrant Shares) of AAG common stock. See below for further discussion on the Payroll Support Program. Also, American is permitted to, and will, defer payment of the employer portion of Social Security taxes through the end of 2020 (with 50% of the deferred amount due December 31, 2021 and the remaining 50% due December 31, 2022). This deferral is expected to provide approximately $300 million in additional liquidity during 2020 . Additionally, AAG has suspended its capital return program, including share repurchases and the payment of future dividends for at least the period that the restrictions imposed by the CARES Act are applicable . American continues to evaluate future financing opportunities and work with third-party appraisers on valuations of its remaining unencumbered assets. Certain of American’s debt financing agreements contain covenants requiring it to maintain an aggregate of at least $2.0 billion of unrestricted cash and cash equivalents and amounts available to be drawn under revolving credit facilities and/or contain loan to value and debt service coverage ratio covenants. Given the above actions and American’s assumptions about the future impact of COVID-19 on travel demand, which could be materially different due to the inherent uncertainties of the current operating environment, American expects to meet its cash obligations as well as remain in compliance with the debt covenants in its existing financing agreements for the next 12 months based on its current level of unrestricted cash and short-term investments, its anticipated access to liquidity (including via proceeds from financings and funds from government assistance obtained pursuant to the CARES Act) and projected cash flows from operations . Payroll Support Program On April 20, 2020 (the PSP Closing Date), American, Envoy Air Inc. (Envoy), Piedmont Airlines, Inc. (Piedmont) and PSA Airlines, Inc. (PSA and together with American, Envoy and Piedmont, the Subsidiaries), each a wholly-owned subsidiary of AAG, entered into a Payroll Support Program Agreement (the PSP Agreement) with Treasury, with respect to the Payroll Support Program provided pursuant to the CARES Act. In connection with the Subsidiaries' entry into the PSP Agreement, on the PSP Closing Date, AAG also entered into a warrant agreement (the PSP Warrant Agreement) with Treasury, and AAG issued the PSP Promissory Note to Treasury, with the Subsidiaries as guarantors (the Guarantors). Payroll Support Program Agreement In connection with the Payroll Support Program, AAG and the Subsidiaries are required to comply with the relevant provisions of the CARES Act, including the requirement that funds provided pursuant to the PSP Agreement be used exclusively for the continuation of payment of employee wages, salaries and benefits, the requirement against involuntary furloughs and reductions in employee pay rates and benefits, which expired on September 30, 2020, the requirement that certain levels of commercial air service be maintained and the provisions that prohibit the repurchase of AAG common stock, and the payment of common stock dividends through September 30, 2021, as well as those that restrict the payment of certain executive compensation until March 24, 2022. The PSP Agreement also imposes substantial reporting obligations on AAG and the Subsidiaries. As of September 30, 2020, AAG and the Subsidiaries received a secured loan from Treasury under the loan program that is due June 2025 and, as a result, the stock repurchase, dividend and executive compensation restrictions will remain in place through the date that is one year after such secured loan is fully repaid. See below for additional information on the Treasury Loan Agreement. Pursuant to the PSP Agreement, Treasury provided to AAG and the Subsidiaries financial assistance which was paid in installments (each, an Installment) and totaled an aggregate of approximately $5.8 billion initially and was subsequently increased to $6.0 billion, and all of which has been received as of September 30, 2020. As partial compensation to the U.S. Government for the provision of financial assistance under the Payroll Support Program, AAG issued a total aggregate principal amount of approximately $1.8 billion under the PSP Promissory Note and issued warrants (each a PSP Warrant and, collectively, the PSP Warrants) to Treasury to purchase up to an aggregate of approximately 14.1 million PSP Warrant Shares. See Note 6 to AAG’s Condensed Consolidated Financial Statements in Part I, Item 1A for further information on the PSP Promissory Note and below for more information on the PSP Warrant Agreement and the PSP Warrants. For accounting purposes, the $6.0 billion of aggregate financial assistance AAG and the Subsidiaries received pursuant to the PSP Agreement is allocated to the PSP Promissory Note, the PSP Warrants and other Payroll Support Program financial assistance (the PSP Financial Assistance). The aggregate principal amount of approximately $1.8 billion of PSP Promissory Note was recorded as unsecured long-term debt, and the total fair value of the PSP Warrants of $63 million, estimated using a Black-Scholes option pricing model, was recorded in stockholders' equity in AAG's condensed consolidated balance sheet. The remaining amount of approximately $4.2 billion of PSP Financial Assistance was recognized as a credit to special items, net in the condensed consolidated statement of operations in the second and third quarters of 2020, the period over which the continuation of payment of employee wages, salaries and benefits was required. For the three and nine months ended September 30, 2020, approximately $2.1 billion and $4.2 billion, respectively, was recognized as a credit to special items, net in the condensed consolidated statement of operations. PSP Warrant Agreement and PSP Warrants As partial compensation to the U.S. Government for the provision of financial assistance under the PSP Agreement, and pursuant to the PSP Warrant Agreement, AAG has agreed to issue warrants to Treasury to purchase up to an aggregate of approximately 14.1 million PSP Warrant Shares of AAG common stock. The exercise price of the PSP Warrant Shares is $12.51 per share (which was the closing price of AAG common stock on The Nasdaq Global Select Market on April 9, 2020) (the Exercise Price) subject to certain anti-dilution provisions provided for in the PSP Warrant. Pursuant to the PSP Warrant Agreement, on the PSP Closing Date, May 29, 2020, June 30, 2020, July 30, 2020 and September 30, 2020, AAG issued to Treasury a PSP Warrant to purchase up to an aggregate of approximately 6.7 million shares, 2.8 million shares, 2.8 million shares, 1.4 million shares and 0.4 million shares, respectively, of AAG common stock based on the terms described herein. The PSP Warrants do not have any voting rights and are freely transferrable, with registration rights. Each PSP Warrant expires on the fifth anniversary of the date of issuance of such PSP Warrant. The PSP Warrants will be exercisable either through net share settlement or cash, at AAG's option. The PSP Warrants were issued solely as compensation to the U.S. Government related to entry into the PSP Agreement. No separate proceeds (apart from the financial assistance described above) were received upon issuance of the PSP Warrants or will be received upon exercise thereof. Treasury Loan Agreement On September 25, 2020 (the Treasury Loan Closing Date), AAG and American entered into a Loan and Guarantee Agreement (the Treasury Loan Agreement) with Treasury which provides for a secured term loan facility (the Treasury Term Loan Facility) that permitted American to borrow up to $5.5 billion. Subsequently, on October 21, 2020, AAG and American entered into an amendment to the Treasury Loan Agreement that permits American to borrow up to $7.5 billion. The Treasury Loan Agreement will involve the issuance of additional warrants to purchase up to an aggregate of approximately 60.0 million shares of AAG common stock, assuming the Treasury Term Loan Facility is fully drawn. As of September 30, 2020, American borrowed $550 million under the Treasury Term Loan Facility, which is scheduled to mature on June 30, 2025, and issued warrants to Treasury to purchase up to an aggregate of approximately 4.4 million shares of AAG common stock. See Note 4 for further information on the Treasury Loan Agreement and below for more information on the Treasury Loan Warrant Agreement and Treasury Loan Warrants. Treasury Loan Warrant Agreement and Warrants In connection with the Treasury Loan Agreement, AAG also entered into a warrant agreement (the Treasury Loan Warrant Agreement) with Treasury. Pursuant to the Treasury Loan Warrant Agreement, AAG agreed to issue warrants (each a Treasury Loan Warrant and, collectively, the Treasury Loan Warrants) to Treasury to purchase up to an aggregate of approximately 60.0 million shares (the Treasury Loan Warrant Shares) of AAG's common stock based on the $7.5 billion commitment amount under the Treasury Term Loan Facility. The exercise price of the Treasury Loan Warrant Shares is $12.51 per share (the Exercise Price) subject to certain anti-dilution provisions provided for in the Treasury Loan Warrant Agreement. For accounting purposes, the fair value for the Treasury Loan Warrant Shares is estimated using a Black-Scholes option pricing model and recorded in stockholders' equity in AAG's condensed consolidated balance sheet with an offsetting debt discount to the Treasury Term Loan Facility in American's condensed consolidated balance sheet. Pursuant to the Treasury Loan Warrant Agreement, on the Treasury Loan Closing Date, AAG issued to Treasury a Treasury Loan Warrant to purchase up to an aggregate of approximately 4.4 million Treasury Loan Warrant Shares based on the terms described herein. On the date of each additional borrowing under the Treasury Loan Agreement, AAG will issue to Treasury an additional Treasury Loan Warrant for a number of Treasury Loan Warrant Shares equal to 10% of such borrowing, divided by the Exercise Price. The Treasury Loan Warrants do not have any voting rights and are freely transferrable, with registration rights. Each Treasury Loan Warrant expires on the fifth anniversary of the date of issuance of such Treasury Loan Warrant. The Treasury Loan Warrants will be exercisable either through net share settlement or cash, at AAG's option. The Treasury Loan Warrants were issued solely as compensation to the U.S. Government related to entry into the Treasury Loan Agreement. No separate proceeds were received upon issuance of the Treasury Loan Warrants or will be received upon exercise thereof. (c) Recent Accounting Pronouncements Accounting Standards Update (ASU) 2016-13: Measurement of Credit Losses on Financial Instruments This ASU requires the use of an expected loss model for certain types of financial instruments and requires consideration of a broader range of reasonable and supportable information to calculate credit loss estimates. For trade receivables, loans and held-to-maturity debt securities, an estimate of lifetime expected credit losses is required. For available-for-sale debt securities, an allowance for credit losses will be required rather than a reduction to the carrying value of the asset. American adopted this accounting standard prospectively as of January 1, 2020, and it did not have a material impact on American's condensed consolidated financial statements. ASU 2020-06: Accounting for Convertible Instruments and Contracts In An Entity's Own Equity This ASU simplifies the accounting for certain convertible instruments by removing the separation models for convertible debt with a cash conversion feature or convertible instruments with a beneficial conversion feature. As a result, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. Additionally, this ASU amends the diluted earnings per share calculation for convertible instruments by requiring the use of the if-converted method. The treasury stock method is no longer available. Entities may adopt this ASU using either a full or modified retrospective approach, and it is effective for interim and annual reporting periods beginning after December 15, 2021. Early adoption is permitted for interim and annual reporting periods beginning after December 15, 2020. This ASU is applicable to AAG's 6.50% convertible senior notes due 2025, and AAG is assessing the impact the adoption of this ASU will have on its condensed consolidated financial statements.

Special Items, Net

Special Items, Net	9 Months Ended
	Sep. 30, 2020
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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 PSP Financial Assistance (1) $ (1,908) $ — $ (3,710) $ — Severance expenses (2) 871 — 1,408 — Fleet impairment (3) 742 201 1,484 201 Labor contract expenses (4) — — 228 — Mark-to-market adjustments on bankruptcy obligations, net (5) — (22) (49) (18) Fleet restructuring expenses (6) — 72 — 232 Litigation reserve adjustments — (53) — (53) Merger integration expenses — 29 — 106 Other operating special items, net — 1 (18) 19 Mainline operating special items, net (295) 228 (657) 487 PSP Financial Assistance (1) (228) — (444) — Severance expenses (2) 4 — 18 — Fleet impairment (3) — — 117 — Other operating special items, net — 6 — 6 Regional operating special items, net (224) 6 (309) 6 Operating special items, net (519) 234 (966) 493 Mark-to-market adjustments on equity and other investments, net (7) (21) 45 159 37 Debt refinancing, extinguishment and other charges — (1) 48 6 Nonoperating special items, net (21) 44 207 43 (1) PSP Financial Assistance represents recognition of a portion of financial assistance received from Treasury pursuant to the PSP Agreement. See Note 1 for further information. (2) Severance expenses principally include salary and medical costs associated with certain team members who opted in to voluntary early retirement programs offered as a result of reductions to our operation due to COVID-19. These expenses in the three months ended September 30, 2020 also include salary and medical costs associated with team members who were notified in the third quarter of 2020 they were being involuntarily furloughed starting October 1, 2020, subsequent to the expiration of the Payroll Support Program requirement against involuntary furloughs. Cash payments related to these charges for the three and nine months ended September 30, 2020 were approximately $120 million and $170 million, respectively. (3) Fleet impairment resulted from our decision to retire certain aircraft earlier than planned driven by the decline in air travel due to COVID-19. Aircraft retired include Airbus A330-200, Boeing 757, Boeing 767, Airbus A330-300, Embraer 190, certain Embraer 140 and Bombardier CRJ200 aircraft. See Note 13 for further information related to these charges. The three months ended September 30, 2020 included a $709 million non-cash write-down of Airbus A330-200 aircraft and spare parts and $33 million in cash charges primarily for lease return and other costs. The nine months ended September 30, 2020 included a $1.5 billion non-cash write-down of mainline and regional aircraft and spare parts and $109 million in cash charges primarily for impairment of ROU assets and lease return costs. (4) Labor contract expenses primarily relate to one-time charges resulting from the ratification of a new contract with the Transport Workers Union and International Association of Machinists & Aerospace Workers for our maintenance and fleet service team members, including signing bonuses and adjustments to vacation accruals resulting from pay rate increases. (5) Bankruptcy obligations that will be settled in shares of our common stock are marked-to-market based on our stock price. (6) Fleet restructuring expenses principally included accelerated depreciation and rent expense for aircraft and related equipment expected to be retired earlier than planned. (7) Mark-to-market adjustments on equity and other investments, net primarily relates to net unrealized gains and losses associated with our equity investment in China Southern Airlines Company Limited (China Southern Airlines) and certain treasury rate lock derivative instruments.
American Airlines, Inc.
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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 PSP Financial Assistance (1) $ (1,908) $ — $ (3,710) $ — Severance expenses (2) 871 — 1,408 — Fleet impairment (3) 742 201 1,484 201 Labor contract expenses (4) — — 228 — Mark-to-market adjustments on bankruptcy obligations, net (5) — (22) (49) (18) Fleet restructuring expenses (6) — 72 — 232 Litigation reserve adjustments — (53) — (53) Merger integration expenses — 29 — 106 Other operating special items, net — 1 (18) 19 Mainline operating special items, net (295) 228 (657) 487 PSP Financial Assistance (1) (228) — (444) — Fleet impairment (3) — — 106 — Regional operating special items, net (228) — (338) — Operating special items, net (523) 228 (995) 487 Mark-to-market adjustments on equity and other investments, net (7) (21) 45 159 37 Debt refinancing, extinguishment and other charges — 7 48 14 Nonoperating special items, net (21) 52 207 51 (1) PSP Financial Assistance represents recognition of a portion of financial assistance received from Treasury pursuant to the PSP Agreement. See Note 1 for further information. (2) Severance expenses principally include salary and medical costs associated with certain team members who opted in to voluntary early retirement programs offered as a result of reductions to American's operation due to COVID-19. These expenses in the three months ended September 30, 2020 also include salary and medical costs associated with team members who were notified in the third quarter of 2020 they were being involuntarily furloughed starting October 1, 2020, subsequent to the expiration of the Payroll Support Program requirement against involuntary furloughs. Cash payments related to these charges for the three and nine months ended September 30, 2020 were approximately $120 million and $170 million, respectively. (3) Fleet impairment resulted from American's decision to retire certain aircraft earlier than planned driven by the decline in air travel due to COVID-19. Aircraft retired include Airbus A330-200, Boeing 757, Boeing 767, Airbus A330-300, Embraer 190, certain Embraer 140 and Bombardier CRJ200 aircraft. See Note 12 for further information related to these charges. The three months ended September 30, 2020 included a $709 million non-cash write-down of Airbus A330-200 aircraft and spare parts and $33 million in cash charges primarily for lease return and other costs. The nine months ended September 30, 2020 included a $1.5 billion non-cash write-down of mainline and regional aircraft and spare parts and $109 million in cash charges primarily for impairment of ROU assets and lease return costs. (4) Labor contract expenses primarily relate to one-time charges resulting from the ratification of a new contract with the Transport Workers Union and International Association of Machinists & Aerospace Workers for American's maintenance and fleet service team members, including signing bonuses and adjustments to vacation accruals resulting from pay rate increases. (5) Bankruptcy obligations that will be settled in shares of AAG common stock are marked-to-market based on AAG's stock price. (6) Fleet restructuring expenses principally included accelerated depreciation and rent expense for aircraft and related equipment expected to be retired earlier than planned. (7) Mark-to-market adjustments on equity and other investments, net primarily relates to net unrealized gains and losses associated with American's equity investment in China Southern Airlines Company Limited (China Southern Airlines) and certain treasury rate lock derivative instruments.

Earnings (Loss) Per Common Shar

Earnings (Loss) Per Common Share	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Earnings (Loss) Per Common Share	Earnings (Loss) Per Common Share The following table sets forth the computation of basic and diluted earnings (loss) per common share (EPS) (in millions, except share and per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Basic EPS: Net income (loss) $ (2,399) $ 425 $ (6,707) $ 1,272 Weighted average common shares outstanding (in thousands) 509,049 441,915 454,523 446,291 Basic EPS $ (4.71) $ 0.96 $ (14.76) $ 2.85 Diluted EPS: Net income (loss) for purposes of computing diluted EPS $ (2,399) $ 425 $ (6,707) $ 1,272 Share computation for diluted EPS (in thousands): Basic weighted average common shares outstanding 509,049 441,915 454,523 446,291 Dilutive effect of stock awards — 486 — 848 Diluted weighted average common shares outstanding 509,049 442,401 454,523 447,139 Diluted EPS $ (4.71) $ 0.96 $ (14.76) $ 2.84 Securities that could potentially dilute EPS in the future, and which were excluded from the calculation of diluted EPS because inclusion of such shares would be antidilutive, are as follows (in thousands): Three Months Ended September 30, Nine Months Ended 2020 2019 2020 2019 Restricted stock unit awards 4,559 2,590 5,091 2,648 PSP Warrants 25 — 2,131 — Treasury Loan Warrants 1 — — — 6.50% convertible senior notes 61,728 — 21,933 —

Share Repurchase Programs and C

Share Repurchase Programs and Cash Dividends	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Share Repurchase Programs and Cash Dividends	Share Repurchase Programs and Cash Dividends During the nine months ended September 30, 2020, we repurchased 6.4 million shares of AAG common stock for $145 million at a weighted average cost per share of $22.77, all of which were purchased in the first quarter of 2020. In January 2020, our Board of Directors declared a cash dividend of $0.10 per share for stockholders of record as of February 5, 2020 and paid on February 19, 2020, totaling $43 million. We have suspended our capital return program, including share repurchases and the payment of future dividends. In connection with our receipt of financial assistance under the Payroll Support Program, we agreed not to repurchase

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2020
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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Passenger revenue: Passenger travel $ 2,407 $ 10,226 $ 10,491 $ 29,215 Loyalty revenue - travel (1) 133 769 837 2,448 Total passenger revenue 2,540 10,995 11,328 31,663 Cargo 207 208 484 647 Other: Loyalty revenue - marketing services 389 570 1,317 1,742 Other revenue 37 138 180 403 Total other revenue 426 708 1,497 2,145 Total operating revenues $ 3,173 $ 11,911 $ 13,309 $ 34,455 (1) Loyalty revenue included in passenger revenue is principally comprised of mileage credit redemptions, which were earned from travel or co-branded credit card and other partners. The following is our total passenger revenue by geographic region (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Domestic $ 2,296 $ 7,814 $ 9,102 $ 23,048 Latin America 172 1,218 1,386 3,829 Atlantic 56 1,596 621 3,677 Pacific 16 367 219 1,109 Total passenger revenue $ 2,540 $ 10,995 $ 11,328 $ 31,663 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. September 30, 2020 December 31, 2019 (In millions) Loyalty program liability $ 9,094 $ 8,615 Air traffic liability 4,903 4,808 Total $ 13,997 $ 13,423 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, 2019 $ 8,615 Deferral of revenue 1,456 Recognition of revenue (1) (977) Balance at September 30, 2020 (2) $ 9,094 (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 generally do not expire as long as that AAdvantage member has any type of qualifying activity at least every 18 months. In response to COVID-19, we suspended the expiration of mileage credits through December 31, 2020. As of September 30, 2020, our current loyalty program liability was $2.1 billion and represents our current estimate of revenue expected to be recognized in the next 12 months based on historical as well as projected trends, with the balance reflected in long-term loyalty program liability expected to be recognized as revenue in periods thereafter. Given the inherent uncertainty of the current operating environment due to COVID-19, we will continue to monitor redemption patterns and may adjust our estimates in the future.
American Airlines, Inc.
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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Passenger revenue: Passenger travel $ 2,407 $ 10,226 $ 10,491 $ 29,215 Loyalty revenue - travel (1) 133 769 837 2,448 Total passenger revenue 2,540 10,995 11,328 31,663 Cargo 207 208 484 647 Other: Loyalty revenue - marketing services 389 570 1,317 1,742 Other revenue 36 137 179 397 Total other revenue 425 707 1,496 2,139 Total operating revenues $ 3,172 $ 11,910 $ 13,308 $ 34,449 (1) Loyalty revenue included in passenger revenue is principally comprised of mileage credit redemptions, which were earned from travel or co-branded credit card and other partners. The following is American's total passenger revenue by geographic region (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Domestic $ 2,296 $ 7,814 $ 9,102 $ 23,048 Latin America 172 1,218 1,386 3,829 Atlantic 56 1,596 621 3,677 Pacific 16 367 219 1,109 Total passenger revenue $ 2,540 $ 10,995 $ 11,328 $ 31,663 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. September 30, 2020 December 31, 2019 (In millions) Loyalty program liability $ 9,094 $ 8,615 Air traffic liability 4,903 4,808 Total $ 13,997 $ 13,423 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, 2019 $ 8,615 Deferral of revenue 1,456 Recognition of revenue (1) (977) Balance at September 30, 2020 (2) $ 9,094 (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 generally do not expire as long as that AAdvantage member has any type of qualifying activity at least every 18 months. In response to COVID-19, American suspended the expiration of mileage credits through December 31, 2020. As of September 30, 2020, American's current loyalty program liability was $2.1 billion and represents American's current estimate of revenue expected to be recognized in the next 12 months based on historical as well as projected trends, with the balance reflected in long-term loyalty program liability expected to be recognized as revenue in periods thereafter. Given the inherent uncertainty of the current operating environment due to COVID-19, American will continue to monitor redemption patterns and may adjust its estimates in the future. 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 generally one year. Accordingly, any revenue associated with tickets sold for future travel will be recognized within 12 months. For the nine months ended September 30, 2020, $2.8 billion of revenue was recognized in passenger revenue that was included in American's air

Debt

Debt	9 Months Ended
	Sep. 30, 2020
Debt Instrument [Line Items]
Debt	Debt Long-term debt included in the condensed consolidated balance sheets consisted of (in millions): September 30, 2020 December 31, 2019 Secured 2013 Term Loan Facility, variable interest rate of 1.89%, installments through 2025 $ 1,788 $ 1,807 2013 Revolving Facility, variable interest rate of 2.16%, due 2024 750 — 2014 Term Loan Facility, variable interest rate of 1.90%, installments through 2027 1,220 1,202 2014 Revolving Facility, variable interest rate of 2.16%, due 2024 1,643 — April 2016 Term Loan Facility, variable interest rate of 2.15%, installments through 2023 960 970 April 2016 Revolving Facility, variable interest rate of 2.16%, due 2024 450 — December 2016 Term Loan Facility, variable interest rate of 2.15%, installments through 2023 1,213 1,213 11.75% senior secured notes, interest only payments until due in July 2025 2,500 — Treasury Term Loan Facility, variable interest rate of 3.73%, due June 2025 550 — 10.75% senior secured IP notes, interest only payments until due in February 2026 1,000 — 10.75% senior secured LGA/DCA notes, interest only payments until due in February 2026 200 — Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 3.00% to 8.39%, averaging 3.99%, maturing from 2021 to 2032 11,146 11,933 Equipment loans and other notes payable, fixed and variable interest rates ranging from 1.33% to 5.83%, averaging 1.88%, maturing from 2020 to 2032 4,484 4,727 Special facility revenue bonds, fixed interest rates ranging from 5.00% to 8.00%, maturing from 2021 to 2036 1,064 754 28,968 22,606 Unsecured PSP Promissory Note 1,765 — 6.50% convertible senior notes, interest only payments until due in July 2025 1,000 — 5.000% senior notes, interest only payments until due in June 2022 750 750 3.75% senior notes, interest only payments until due in March 2025 500 — 4.625% senior notes — 500 4,015 1,250 Total long-term debt 32,983 23,856 Less: Total unamortized debt discount, premium and issuance costs 780 211 Less: Current maturities 2,610 2,749 Long-term debt, net of current maturities $ 29,593 $ 20,896 The table below shows the maximum availability under our credit facilities, as of September 30, 2020 (in millions): Treasury Term Loan Facility $ 4,927 Other Short-term Revolving Facility 400 Total $ 5,327 Pursuant to the Treasury Loan Agreement (as defined below), at September 30, 2020, we had a $5.5 billion Treasury Term Loan Facility (as defined below) of which we have drawn $550 million. In addition, we have an undrawn $400 million short-term revolving credit facility we entered into in December 2019, which was set to expire at the end of December 2020 but which we have extended through the beginning of July 2021. The December 2016 Credit Facilities provide for a revolving credit facility that may be established thereunder in the future. Secured financings are collateralized by assets, primarily aircraft, engines, simulators, aircraft spare parts, airport gate leasehold rights, route authorities, airport slots and certain pre-delivery payments, as well as certain intellectual property and loyalty program assets. 2020 Financing Activities 2014 Credit Facilities In January 2020, American and AAG entered into the eighth amendment to the Amended and Restated Credit and Guaranty Agreement, amending the Amended and Restated Credit and Guaranty Agreement dated as of April 20, 2015 (as previously amended, the 2014 Credit Agreement; the revolving credit facility established thereunder, the 2014 Revolving Facility; the term loan facility established thereunder, the 2014 Term Loan Facility; and collectively, the 2014 Credit Facilities), pursuant to which American refinanced the 2014 Term Loan Facility, increasing the total aggregate principal amount outstanding to $1.2 billion, reducing the LIBOR margin from 2.00% to 1.75%, with a LIBOR floor of 0%, and reducing the base rate margin from 1.00% to 0.75%. In addition, the maturity date for the 2014 Term Loan Facility was extended to January 2027 from October 2021. In April and May 2020, American borrowed $1.6 billion under the 2014 Revolving Facility. The 2014 Revolving Facility bears interest at LIBOR plus a margin of 2.00% and has a final maturity date of October 2024. Following the April and May draws, American had no remaining borrowing capacity available under the 2014 Revolving Facility. 2013 Revolving Facility and April 2016 Revolving Facility In April 2020, American borrowed $750 million under the 2013 Revolving Facility. The 2013 Revolving Facility bears interest at LIBOR plus a margin of 2.00% and has a final maturity date of October 2024. Following the April draw, American had no remaining borrowing capacity available under the 2013 Revolving Facility. In April 2020, American borrowed $450 million under the April 2016 Revolving Facility. The April 2016 Revolving Facility bears interest at LIBOR plus a margin of 2.00% and has a final maturity date of October 2024. Following the April draw, American had no remaining borrowing capacity available under the April 2016 Revolving Facility. Delayed Draw Term Loan Credit Facility In March 2020, American and AAG entered into a Credit and Guaranty Agreement which provided for a $1.0 billion senior secured delayed draw term loan credit facility (the Delayed Draw Term Loan Credit Facility), which was scheduled to be due and payable in a single installment on the maturity date in March 2021. In connection with the issuance of the 11.75% senior secured notes due 2025, as described below, the Delayed Draw Term Loan Credit Facility was repaid and the Delayed Draw Term Loan Credit Facility and all of the security documents and other loan documents related thereto were terminated as of June 30, 2020. 11.75% Senior Secured Notes In June 2020, American issued $2.5 billion aggregate principal amount of 11.75% senior secured notes due 2025 (the 11.75% Senior Secured Notes) at a price equal to 99% of their aggregate principal amount. The 11.75% Senior Secured Notes bear interest at a rate of 11.75% per annum (subject to increase if a certain collateral coverage ratio is not met). Interest on the 11.75% Senior Secured Notes is payable semiannually in arrears on January 15 and July 15 of each year, beginning on January 15, 2021. The 11.75% Senior Secured Notes will mature on July 15, 2025. The obligations of American under the 11.75% Senior Secured Notes are fully and unconditionally guaranteed on a senior unsecured basis by AAG. The proceeds from the 11.75% Senior Secured Notes were used to repay and terminate the Delayed Draw Term Loan Credit Facility (and to terminate all security documents and all other loan documents related thereto) with the remaining amount for general corporate purposes and to enhance our liquidity position. American may redeem the 11.75% Senior Secured Notes, in whole at any time or in part from time to time, at a redemption price equal to 100% of the principal amount of the notes being redeemed plus a make whole premium, together with accrued and unpaid interest, if any, to (but not including) the redemption date. The 11.75% Senior Secured Notes are American’s senior secured obligations. Subject to certain limitations and exceptions, the 11.75% Senior Secured Notes are secured on a first-lien basis by security interests in certain assets, rights and properties utilized by American in providing its scheduled air carrier services to and from certain airports in the United States and certain airports in Australia, Canada, the Caribbean, Central America, China, Hong Kong, Japan, Mexico, South Korea, and Switzerland. American’s obligations with respect to the 11.75% Senior Secured Notes are also secured on a second-lien basis by security interests in certain assets, rights and properties utilized by American in providing its scheduled air carrier services to and from certain airports in the United States and certain airports in the European Union and the United Kingdom. American may be required to pledge additional collateral in the future under the terms of the 11.75% Senior Secured Notes, and in certain circumstances may elect to pledge additional collateral as a replacement for existing collateral. The collateral that secures the 11.75% Senior Secured Notes on a second-lien basis presently secures the 2014 Credit Facilities, on a first-lien basis. Special Facility Revenue Bonds In January 2020, American and British Airways announced the start of construction on a $344 million investment to upgrade New York's John F. Kennedy International Airport (JFK) Terminal 8. In June 2020, the New York Transportation Development Corporation (NYTDC) issued approximately $360 million of special facility revenue bonds (the 2020 JFK Bonds) on behalf of American. A portion of the net proceeds from the 2020 JFK Bonds have been or will be used to fund costs of issuance of the 2020 JFK Bonds, to fund a substantial portion of the cost of the renovation and expansion of a passenger terminal facility (the Terminal) leased and utilized by American at JFK and to fund the August 2020 maturity of the outstanding bonds issued by NYTDC on behalf of American in 2016 (the 2016 JFK Bonds). American is required to pay debt service on the 2020 JFK Bonds through payments under a loan agreement with NYTDC (as amended), and American and AAG guarantee the 2020 JFK Bonds. American continues to pay debt service on the outstanding 2016 JFK Bonds and American and AAG continue to guarantee the 2016 JFK Bonds. American’s and AAG’s obligations under these guarantees are secured by a leasehold mortgage on American’s lease of the Terminal and related property from the Port Authority of New York and New Jersey. The 2020 JFK Bonds, in aggregate, were priced at approximately 98% of par value. The gross proceeds from the issuance of the 2020 JFK Bonds were approximately $353 million. Of this amount, approximately $8 million was used to fund the costs of issuance of the 2020 JFK Bonds, approximately $47 million was used to fund the redemption of the 2016 JFK Bonds due August 2020 and approximately $17 million was reimbursed to American for the Terminal construction costs incurred, with the remaining amount of proceeds received to be held in restricted cash and short-term investments on the condensed consolidated balance sheet and to be used to finance a substantial portion of the cost of the renovation and expansion of the Terminal. The 2020 JFK Bonds are comprised of term bonds, $214 million of which bear interest at 5.25% per annum and mature on August 1, 2031, and $146 million of which bear interest at 5.375% per annum and mature on August 1, 2036. PSP Promissory Note In April 2020, as partial compensation to the U.S. Government for the provision of financial assistance under the PSP Agreement, we issued the PSP Promissory Note to Treasury, which provides for our unconditional promise to pay to Treasury 30% of the total amount of financial assistance disbursed under the PSP Agreement, and the guarantee of our obligations by the Guarantors. The total financial assistance we received pursuant to the PSP Agreement is approximately $6.0 billion. As of September 30, 2020, the principal amount of the PSP Promissory Note was approximately $1.8 billion. The PSP Promissory Note bears interest on the outstanding principal amount at a rate equal to 1.00% per annum until the fifth anniversary of the PSP Closing Date and 2.00% plus an interest rate based on the secured overnight financing rate per annum or other benchmark replacement rate consistent with customary market conventions (but not to be less than 0.00%) thereafter until the tenth anniversary of the PSP Closing Date (the PSP Maturity Date), and interest accrued thereon will be payable in arrears on the last business day of March and September of each year, beginning on September 30, 2020. The aggregate principal amount outstanding under the PSP Promissory Note, together with all accrued and unpaid interest thereon and all other amounts payable under the PSP Promissory Note, will be due and payable on the PSP Maturity Date. We may, at any time and from time to time, voluntarily prepay amounts outstanding under the PSP Promissory Note, in whole or in part, without penalty or premium. Within 30 days of the occurrence of certain change of control triggering events, we are required to prepay the aggregate outstanding principal amount of the PSP Promissory Note at such time, together with any accrued interest or other amounts owing under the PSP Promissory Note at such time . The PSP Promissory Note is our senior unsecured obligation and each guarantee of the PSP Promissory Note is the senior unsecured obligation of each of the Guarantors, respectively . The PSP Promissory Note contains events of default, including cross-default with respect to acceleration or failure to pay at maturity other material indebtedness. Upon the occurrence of an event of default and subject to certain grace periods, the outstanding obligations under the PSP Promissory Note may, and in certain circumstances will automatically, be accelerated and become due and payable immediately. 6.50% Convertible Senior Notes In June 2020, AAG completed the public offering of $1.0 billion aggregate principal amount of AAG’s 6.50% convertible senior notes due 2025 (the Convertible Notes). The Convertible Notes are fully and unconditionally guaranteed by American (the Convertible Notes Guarantee). The net proceeds to us from the Convertible Notes were approximately $970 million, after deducting the underwriters’ discounts and commissions and our estimated offering expenses. The net proceeds from the Convertible Notes are being used for general corporate purposes and to enhance our liquidity position. The Convertible Notes were issued pursuant to an indenture, dated as of June 25, 2020 (the Base Indenture), between AAG and Wilmington Trust, National Association as trustee (the Convertible Notes Trustee), as supplemented by that certain first supplemental indenture, dated as of June 25, 2020, among AAG, American and the Convertible Notes Trustee (the Convertible Notes Supplemental Indenture and, together with the Base Indenture, the Convertible Notes Indenture). The Convertible Notes bear interest at a rate of 6.50% per annum. Interest on the Convertible Notes is payable semiannually in arrears on January 1 and July 1 of each year, beginning on January 1, 2021. The Convertible Notes will mature on July 1, 2025, unless earlier converted or redeemed or repurchased by us. The Convertible Notes were priced to investors in the offering at 100% of their principal amount. The Convertible Notes and the Convertible Notes Guarantee will rank pari passu in right of payment with all of AAG’s and American's respective existing and future senior indebtedness and senior in right of payment to all of AAG’s and American's respective future subordinated indebtedness. The Convertible Notes and the Convertible Notes Guarantee will be effectively subordinated to all of AAG's and American's respective existing and future secured indebtedness to the extent of the value of the assets pledged to secure those obligations. The Convertible Notes will also be structurally subordinated to all existing and future indebtedness of AAG’s non-guarantor subsidiaries. Upon conversion, AAG will pay or deliver, as the case may be, cash, shares of AAG common stock or a combination of cash and shares of AAG common stock, at AAG’s election. The initial conversion rate is 61.7284 shares of AAG common stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of approximately $16.20 per share of AAG common stock). The conversion rate is subject to adjustment in some events as described in the Convertible Notes Indenture. Holders may convert their Convertible Notes at their option only in the following circumstances: (1) during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on September 30, 2020, if the last reported sale price per share of AAG common stock exceeds 130% of the conversion price for each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter; (2) during the five consecutive business days immediately after any 10 consecutive trading day period (such 10 consecutive trading day period, the measurement period) in which the trading price per $1,000 principal amount of Convertible Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price per share of AAG common stock on such trading day and the conversion rate on such trading day; (3) upon the occurrence of certain corporate events or distributions on AAG common stock; (4) if AAG calls such Convertible Notes for redemption; and (5) at any time from, and including, April 1, 2025 until the close of business on the scheduled trading day immediately before the maturity date of the Convertible Notes. In addition, following certain corporate events that occur prior to the maturity date or upon AAG’s issuance of a notice of redemption, AAG will increase the conversion rate for a holder who elects to convert its Convertible Notes in connection with such corporate event or during the related redemption period in certain circumstances by a specified number of shares of AAG common stock as described in the Convertible Notes Indenture. AAG will not have the right to redeem the Convertible Notes prior to July 5, 2023. On or after July 5, 2023 and on or before the 20th scheduled trading day immediately before the maturity date, AAG may redeem the Convertible Notes, in whole or in part, if the last reported sale price of AAG common stock has been at least 130% of the conversion price then in effect on (1) each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading days ending on, and including, the trading day immediately before the date AAG sends the related redemption notice; and (2) the trading day immediately before the date AAG sends such notice. In the case of any optional redemption, AAG will redeem the Convertible Notes at a redemption price equal to 100% of the principal amount of such Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. If AAG undergoes a fundamental change described in the Convertible Notes Indenture prior to the maturity date of the Convertible Notes, except as described in the Convertible Notes Indenture, holders of the Convertible Notes may require AAG to repurchase for cash all or part of their Convertible Notes at a repurchase price equal to 100% of the principal amount of the Convertible Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date. The Convertible Notes Indenture provides for customary terms and covenants, including that upon certain events of default, either the Convertible Notes Trustee or the holders of not less than 25% in aggregate principal amount of the Convertible Notes then outstanding may declare the unpaid principal amount of the Convertible Notes and accrued and unpaid interest, if any, thereon immediately due and payable. In the case of certain events of bankruptcy, insolvency or reorganization, the principal amount of the Convertible Notes together with accrued and unpaid interest, if any, thereon will automatically become and be immediately due and payable. As the Convertible Notes can be settled in cash upon conversion, for accounting purposes, the Convertible Notes were bifurcated into a debt component that was recorded at fair value and an equity component. The following table details the debt and equity components recognized related to the Convertible Notes as of September 30, 2020 (in millions): September 30, 2020 Principal amount of 6.50% convertible senior notes $ 1,000 Unamortized debt discount (430) Net carrying amount of 6.50% convertible senior notes 570 Additional paid-in capital 415 The effective interest rate on the liability component for the third quarter of 2020 approximated 20%. We recognized $30 million of interest expense in the third quarter of 2020 including $14 million of non-cash amortization of the debt discount as well as $16 million of contractual coupon interest. The remaining period over which the unamortized debt discount will be recognized as non-cash interest expense is five years as follows: $13 million in 2020, $63 million in 2021, $77 million in 2022, $95 million in 2023, $116 million in 2024 and $66 million in 2025. At September 30, 2020, the if-converted value of the Convertible Notes did not exceed the principal amount. Treasury Loan Agreement On September 25, 2020, American and AAG entered into a Loan and Guarantee Agreement (the Treasury Loan Agreement) with Treasury which provides for a secured term loan facility (the Treasury Term Loan Facility) that permitted American to borrow up to $5.5 billion. Subsequently, on October 21, 2020, American and AAG entered into an amendment to the Treasury Loan Agreement that permits American to borrow up to $7.5 billion. As of September 30, 2020, American borrowed $550 million under the Treasury Term Loan Facility and may, at its option, borrow additional amounts in up to two subsequent borrowings until March 26, 2021. The proceeds from the Treasury Term Loan Facility will be used for certain general corporate purposes and operating expenses in accordance with the terms and conditions of the Treasury Loan Agreement and the applicable provisions of the CARES Act. The Treasury Term Loan Facility will bear interest at a variable rate per annum equal to (a)(i) the LIBOR rate divided by (ii) one minus the Eurodollar Reserve Percentage plus (b) 3.50%. Accrued interest on the loans will be payable in arrears on the first business day following the 14 th day of each March, June, September and December, beginning with September 15, 2021, and on June 30, 2025 (the Treasury Term Loan Maturity Date). As of September 30, 2020, the applicable interest rate for the $550 million loan drawn under the Treasury Term Loan Facility will be 3.73% per annum through September 15, 2021 at which time the interest rate will reset. All advances under the Treasury Term Loan Facility will be in the form of term loans, all of which will mature and be due and payable in a single installment on the Treasury Term Loan Maturity Date. American may, at any time and from time to time, voluntarily prepay amounts outstanding under the Treasury Loan Agreement, in whole or in part, without penalty or premium. Amounts prepaid may not be reborrowed. Mandatory prepayments of loans under the Treasury Term Loan Facility are required, without penalty or premium, to the extent necessary to comply with American's covenants regarding the expiry of certain agreements constituting Treasury Collateral (as defined below), the debt service coverage ratio, certain dispositions of Treasury Collateral, certain debt issuances secured by liens on the Treasury Collateral and certain indemnity, termination, liquidated damages or insurance payments related to the Treasury Collateral, in addition to the occurrence of a change in control of AAG. American's obligations under the Treasury Loan Agreement are secured by a first priority security interest on American's rights under U.S. co-branded credit card agreements and certain other loyalty program partner participation agreements (including rights to receive cash flows thereunder), documents, deposit accounts, securities accounts, books and records and intellectual property related to American's AAdvantage loyalty program and all proceeds, accessions, rents or profits related to the foregoing (collectively, the Treasury Collateral). American is permitted under the Treasury Loan Agreement to add certain types of assets to the Treasury Collateral and, subject to certain conditions, release Treasury Collateral, in each case from time to time at its discretion. The Treasury Loan Agreement requires American, under certain circumstances, including within 10 business days prior to the last business day of March and September of each year, beginning March 2021, to appraise the value of the Treasury Collateral and recalculate the collateral coverage ratio. If the calculated collateral coverage ratio is less than 1.6 to 1.0, American will be required either to provide additional Treasury Collateral (which may include cash collateral) to secure its obligations under the Treasury Loan Agreement or repay the term loans under the Treasury Term Loan Facility, in such amounts that the recalculated collateral coverage ratio, after giving effect to any such additional Treasury Collateral or repayment, is at least 1.6 to 1.0. Based on the appraisal American submitted in connection with the execution of the Treasury Loan Agreement, the appraised value of the Treasury Collateral is presently significantly in excess of the 2.0 to 1.0 collateral coverage ratio necessary to access the amount under the Treasury Term Loan Facility, including any contemplated increase. The Treasury Loan Agreement also requires American to calculate the debt service coverage ratio on a quarterly basis. If the calculated debt service coverage ratio is less than 1.75 to 1.00, then AAG and its subsidiaries will be required to place an amount equal to at least 50% of certain revenues received from the AAdvantage loyalty program (the Loyalty Program Revenues) into a blocked account to be held for the benefit of the lenders who may choose to use such funds to prepay the outstanding term loans until the debt service coverage ratio is recalculated to be greater than or equal to 1.75 to 1.00. If the calculated debt service coverage ratio is less than or equal to 1.50 to 1.00, but greater than 1.25 to 1.00, then all amounts previously deposited into the blocked account will be used to prepay outstanding term loans and an amount equal to at least 50% of all future Loyalty Program Revenues will be transferred into the payment account and used to prepay outstanding term loans until the debt service coverage ratio is recalculated to be greater than 1.50 to 1.00. If the calculated debt service coverage ratio is less than or equal to 1.25 to 1.00, then all amounts previously deposited into the blocked account will be used to prepay outstanding term loans and an amount equal to at least 75% of all future Loyalty Program Revenues will be transferred into the payment account and used to prepay outstanding term loans until the debt service coverage ratio is recalculated to be greater than 1.25 to 1.00. The Treasury Loan Agreement also includes affirmative, negative and financial covenants that, among other things, limit AAG's ability to pay dividends, repurchase common stock of AAG or make certain other payments, make certain investments, incur liens on the Treasury Collateral, dispose of the Treasury Collateral, amend material AAdvantage loyalty program agreements, enter into certain affiliate transactions and engage in certain business activities, in each case subject to certain exceptions. In addition, under the Treasury Loan Agreement, AAG must maintain a minimum aggregate liquidity of $2.0 billion. The Treasury Loan Agreement requires AAG and American to comply with the relevant provisions of the CARES Act, including, but not limited to, the provisions that prohibit the repurchase of AAG’s common stock, the payment of common stock dividends and those that restrict the payment of certain executive compensation, in each case, through the date that is 12 months after the date on which all amounts of loan outstanding under the Treasury Term Loan Facility have been repaid in full. The Treasury Loan Agreement contains events of default, including cross-default with respect to acceleration or failure to pay at maturity other material indebtedness. Upon the occurrence of an event of default and subject to certain grace periods, the outstanding obligations under the Treasury Loan Agreement may be accelerated and become due and payable immediately. 10.75% Senior Secured Notes On September 25, 2020 (the 10.75% Senior Secured Notes Closing Date), American completed its previously announced sale of $1.0 billion in initial principal amount of PIK senior secured IP notes (the IP Notes) and $200 million in initial principal amount of PIK senior secured notes (the LGA/DCA Notes and together with the IP Notes, the 10.75% Senior Secured Notes). The obligations of American under the 10.75% Senior Secured Notes are fully and unconditionally guaranteed (the 10.75% Senior Secured Notes Guarantees) on a senior unsecured basis by AAG. The 10.75% Senior Secured Notes bear interest at a rate of 10.75% per annum in cash. For any interest period on or prior to September 1, 2022, American may, at its election, pay interest at a rate of 12.00% per annum payable one-half in cash and one-half in kind. American expects to use the proceeds from the 10.75% Senior Secured Notes to pay transaction-related fees and expenses and for general corporate purposes. The 10.75% Senior Secured Notes were each issued pursuant to a separate indenture, dated as of September 25, 2020 (individually, the IP Notes Indenture and the LGA/DCA Notes Indenture and collectively, the 10.75% Senior Secured Notes Indentures), by and among American, AAG and Wilmington Trust, National Association, as trustee and as collateral trustee (the 10.75% Senior Secured Notes Trustee). The IP Notes are secured by a first lien security interest on certain intellectual property of American, including the “American Airlines” trademark and the “aa.com” domain name in the United States and certain foreign jurisdictions (the IP Collateral), and a second lien on certain slots related to American’s operations at New York LaGuardia and Ronald Reagan Washington National airports and certain other assets (the LGA/DCA Collateral and together with the IP Collateral, the 10.75% Senior Secured Notes Collateral). Subject to certain conditions, American will be permitted to incur up to $4.0 billion of additional pari passu debt and unlimited second lien debt secured by the IP Collateral securing the IP Notes. The LGA/DCA Notes are secured by a first lien security interest in the LGA/DCA Collateral. American may be required to pledge additional collateral in the future under the terms of the 10.75% Senior Secured Notes, and in certain circumstances may elect to pledge additional collateral including as a replacement for existing collateral. The LGA/DCA Collateral presently secures (and will continue to secure), on a first-lien basis the December 2016 Credit Facilities. Interest on the 10.75% Senior Secured Notes is payable semiannually in arrears on September 1 and March 1 of each year, beginning on March 1, 2021. The 10.75% Senior Secured Notes will mature on February 15, 2026. On or prior to the fourth anniversary of the 10.75% Senior Secured Notes Closing Date, American may redeem all or any part of the 10.75% Senior Secured Notes, at its option, at a redemption price equal to 100% of the principal amount of the 10.75% Senior Secured Notes redeemed plus a make whole premium, together with accrued and unpaid interest. After the fourth anniversary of the 10.75% Senior Secured Notes Closing Date and on or prior to the fifth anniversary of the 10.75% Senior Secured Notes Closing Date, American may redeem all or any part of the 10.75% Senior Secured Notes, at its option, at a redemption price equal to 105.375% of the principal amount of the 10.75% Senior Secured Notes redeemed, together with accrued and unpaid interest. After the fifth anniversary of the 10.75% Senior Secured Notes Closing Date, American may redeem all or any part of the 10.75% Senior Secured Notes, at its option, at par, together with accrued and unpaid interest. In the event of a specified change of control, each holder of 10.75% Senior Secured Notes may require American to repurchase its 10.75% Senior Secured Notes, in whole or in part, at a repurchase price of 101% of the aggregate principal amount of the 10.75% Senior Secured Notes so repurchased, plus accrued and unpaid interest, if any, to (but not including) the repurchase date. The 10.75% Senior Secured Notes Indentures contain covenants that, among other things, restrict the ability of AAG and the ability of its restricted subsidiaries (including American) to: (i) pay dividends, redeem or repurchase stock or make other distributions or restricted payments, (ii) incur liens on the 10.75% Senior Secured No
American Airlines, Inc.
Debt Instrument [Line Items]
Debt	Debt Long-term debt included in the condensed consolidated balance sheets consisted of (in millions): September 30, 2020 December 31, 2019 Secured 2013 Term Loan Facility, variable interest rate of 1.89%, installments through 2025 $ 1,788 $ 1,807 2013 Revolving Facility, variable interest rate of 2.16%, due 2024 750 — 2014 Term Loan Facility, variable interest rate of 1.90%, installments through 2027 1,220 1,202 2014 Revolving Facility, variable interest rate of 2.16%, due 2024 1,643 — April 2016 Term Loan Facility, variable interest rate of 2.15%, installments through 2023 960 970 April 2016 Revolving Facility, variable interest rate of 2.16%, due 2024 450 — December 2016 Term Loan Facility, variable interest rate of 2.15%, installments through 2023 1,213 1,213 11.75% senior secured notes, interest only payments until due in July 2025 2,500 — Treasury Term Loan Facility, variable interest rate of 3.73%, due June 2025 550 — 10.75% senior secured IP notes, interest only payments until due in February 2026 1,000 — 10.75% senior secured LGA/DCA notes, interest only payments until due in February 2026 200 — Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 3.00% to 8.39%, averaging 3.99%, maturing from 2021 to 2032 11,146 11,933 Equipment loans and other notes payable, fixed and variable interest rates ranging from 1.33% to 5.83%, averaging 1.88%, maturing from 2020 to 2032 4,484 4,727 Special facility revenue bonds, fixed interest rates ranging from 5.00% to 5.38%, maturing from 2021 to 2036 1,040 725 Total long-term debt 28,944 22,577 Less: Total unamortized debt discount, premium and issuance costs 337 205 Less: Current maturities 2,612 2,246 Long-term debt, net of current maturities $ 25,995 $ 20,126 The table below shows the maximum availability under American's credit facilities, as of September 30, 2020 (in millions): Treasury Term Loan Facility $ 4,927 Other Short-term Revolving Facility 400 Total $ 5,327 Pursuant to the Treasury Loan Agreement (as defined below), at September 30, 2020, American had a $5.5 billion Treasury Term Loan Facility (as defined below) of which it has drawn $550 million. In addition, American has an undrawn $400 million short-term revolving credit facility it entered into in December 2019, which was set to expire at the end of December 2020 but which American has extended through the beginning of July 2021. The December 2016 Credit Facilities provide for a revolving credit facility that may be established thereunder in the future. Secured financings are collateralized by assets, primarily aircraft, engines, simulators, aircraft spare parts, airport gate leasehold rights, route authorities, airport slots and certain pre-delivery payments, as well as certain intellectual property and loyalty program assets. 2020 Financing Activities 2014 Credit Facilities In January 2020, American and AAG entered into the eighth amendment to the Amended and Restated Credit and Guaranty Agreement, amending the Amended and Restated Credit and Guaranty Agreement dated as of April 20, 2015 (as previously amended, the 2014 Credit Agreement; the revolving credit facility established thereunder, the 2014 Revolving Facility; the term loan facility established thereunder, the 2014 Term Loan Facility; and collectively, the 2014 Credit Facilities), pursuant to which American refinanced the 2014 Term Loan Facility, increasing the total aggregate principal amount outstanding to $1.2 billion, reducing the LIBOR margin from 2.00% to 1.75%, with a LIBOR floor of 0%, and reducing the base rate margin from 1.00% to 0.75%. In addition, the maturity date for the 2014 Term Loan Facility was extended to January 2027 from October 2021. In April and May 2020, American borrowed $1.6 billion under the 2014 Revolving Facility. The 2014 Revolving Facility bears interest at LIBOR plus a margin of 2.00% and has a final maturity date of October 2024. Following the April and May draws, American had no remaining borrowing capacity available under the 2014 Revolving Facility. 2013 Revolving Facility and April 2016 Revolving Facility In April 2020, American borrowed $750 million under the 2013 Revolving Facility. The 2013 Revolving Facility bears interest at LIBOR plus a margin of 2.00% and has a final maturity date of October 2024. Following the April draw, American had no remaining borrowing capacity available under the 2013 Revolving Facility. In April 2020, American borrowed $450 million under the April 2016 Revolving Facility. The April 2016 Revolving Facility bears interest at LIBOR plus a margin of 2.00% and has a final maturity date of October 2024. Following the April draw, American had no remaining borrowing capacity available under the April 2016 Revolving Facility. Delayed Draw Term Loan Credit Facility In March 2020, American and AAG entered into a Credit and Guaranty Agreement which provided for a $1.0 billion senior secured delayed draw term loan credit facility (the Delayed Draw Term Loan Credit Facility), which was scheduled to be due and payable in a single installment on the maturity date in March 2021. In connection with the issuance of the 11.75% senior secured notes due 2025, as described below, the Delayed Draw Term Loan Credit Facility was repaid and the Delayed Draw Term Loan Credit Facility and all of the security documents and other loan documents related thereto were terminated as of June 30, 2020. 11.75% Senior Secured Notes In June 2020, American issued $2.5 billion aggregate principal amount of 11.75% senior secured notes due 2025 (the 11.75% Senior Secured Notes) at a price equal to 99% of their aggregate principal amount. The 11.75% Senior Secured Notes bear interest at a rate of 11.75% per annum (subject to increase if a certain collateral coverage ratio is not met). Interest on the 11.75% Senior Secured Notes is payable semiannually in arrears on January 15 and July 15 of each year, beginning on January 15, 2021. The 11.75% Senior Secured Notes will mature on July 15, 2025. The obligations of American under the 11.75% Senior Secured Notes are fully and unconditionally guaranteed on a senior unsecured basis by AAG. The proceeds from the 11.75% Senior Secured Notes were used to repay and terminate the Delayed Draw Term Loan Credit Facility (and to terminate all security documents and all other loan documents related thereto) with the remaining amount for general corporate purposes and to enhance American's liquidity position. American may redeem the 11.75% Senior Secured Notes, in whole at any time or in part from time to time, at a redemption price equal to 100% of the principal amount of the notes being redeemed plus a make whole premium, together with accrued and unpaid interest, if any, to (but not including) the redemption date. The 11.75% Senior Secured Notes are American’s senior secured obligations. Subject to certain limitations and exceptions, the 11.75% Senior Secured Notes are secured on a first-lien basis by security interests in certain assets, rights and properties utilized by American in providing its scheduled air carrier services to and from certain airports in the United States and certain airports in Australia, Canada, the Caribbean, Central America, China, Hong Kong, Japan, Mexico, South Korea, and Switzerland. American’s obligations with respect to the 11.75% Senior Secured Notes are also secured on a second-lien basis by security interests in certain assets, rights and properties utilized by American in providing its scheduled air carrier services to and from certain airports in the United States and certain airports in the European Union and the United Kingdom. American may be required to pledge additional collateral in the future under the terms of the 11.75% Senior Secured Notes, and in certain circumstances may elect to pledge additional collateral as a replacement for existing collateral. The collateral that secures the 11.75% Senior Secured Notes on a second-lien basis presently secures the 2014 Credit Facilities, on a first-lien basis. Special Facility Revenue Bonds In January 2020, American and British Airways announced the start of construction on a $344 million investment to upgrade New York's John F. Kennedy International Airport (JFK) Terminal 8. In June 2020, the New York Transportation Development Corporation (NYTDC) issued approximately $360 million of special facility revenue bonds (the 2020 JFK Bonds) on behalf of American. A portion of the net proceeds from the 2020 JFK Bonds have been or will be used to fund costs of issuance of the 2020 JFK Bonds, to fund a substantial portion of the cost of the renovation and expansion of a passenger terminal facility (the Terminal) leased and utilized by American at JFK and to fund the August 2020 maturity of the outstanding bonds issued by NYTDC on behalf of American in 2016 (the 2016 JFK Bonds). American is required to pay debt service on the 2020 JFK Bonds through payments under a loan agreement with NYTDC (as amended), and American and AAG guarantee the 2020 JFK Bonds. American continues to pay debt service on the outstanding 2016 JFK Bonds and American and AAG continue to guarantee the 2016 JFK Bonds. American’s and AAG’s obligations under these guarantees are secured by a leasehold mortgage on American’s lease of the Terminal and related property from the Port Authority of New York and New Jersey. The 2020 JFK Bonds, in aggregate, were priced at approximately 98% of par value. The gross proceeds from the issuance of the 2020 JFK Bonds were approximately $353 million. Of this amount, approximately $8 million was used to fund the costs of issuance of the 2020 JFK Bonds, approximately $47 million was used to fund the redemption of the 2016 JFK Bonds due August 2020 and approximately $17 million was reimbursed to American for the Terminal construction costs incurred, with the remaining amount of proceeds received to be held in restricted cash and short-term investments on the condensed consolidated balance sheet and to be used to finance a substantial portion of the cost of the renovation and expansion of the Terminal. The 2020 JFK Bonds are comprised of term bonds, $214 million of which bear interest at 5.25% per annum and mature on August 1, 2031, and $146 million of which bear interest at 5.375% per annum and mature on August 1, 2036. Treasury Loan Agreement On September 25, 2020, American and AAG entered into a Loan and Guarantee Agreement (the Treasury Loan Agreement) with Treasury which provides for a secured term loan facility (the Treasury Term Loan Facility) that permitted American to borrow up to $5.5 billion. Subsequently, on October 21, 2020, American and AAG entered into an amendment to the Treasury Loan Agreement that permits American to borrow up to $7.5 billion. As of September 30, 2020, American borrowed $550 million under the Treasury Term Loan Facility and may, at its option, borrow additional amounts in up to two subsequent borrowings until March 26, 2021. The proceeds from the Treasury Term Loan Facility will be used for certain general corporate purposes and operating expenses in accordance with the terms and conditions of the Treasury Loan Agreement and the applicable provisions of the CARES Act. The Treasury Term Loan Facility will bear interest at a variable rate per annum equal to (a)(i) the LIBOR rate divided by (ii) one minus the Eurodollar Reserve Percentage plus (b) 3.50%. Accrued interest on the loans will be payable in arrears on the first business day following the 14 th day of each March, June, September and December, beginning with September 15, 2021, and on June 30, 2025 (the Treasury Term Loan Maturity Date). As of September 30, 2020, the applicable interest rate for the $550 million loan drawn under the Treasury Term Loan Facility will be 3.73% per annum through September 15, 2021 at which time the interest rate will reset. All advances under the Treasury Term Loan Facility will be in the form of term loans, all of which will mature and be due and payable in a single installment on the Treasury Term Loan Maturity Date. American may, at any time and from time to time, voluntarily prepay amounts outstanding under the Treasury Loan Agreement, in whole or in part, without penalty or premium. Amounts prepaid may not be reborrowed. Mandatory prepayments of loans under the Treasury Term Loan Facility are required, without penalty or premium, to the extent necessary to comply with American's covenants regarding the expiry of certain agreements constituting Treasury Collateral (as defined below), the debt service coverage ratio, certain dispositions of Treasury Collateral, certain debt issuances secured by liens on the Treasury Collateral and certain indemnity, termination, liquidated damages or insurance payments related to the Treasury Collateral, in addition to the occurrence of a change in control of AAG. American's obligations under the Treasury Loan Agreement are secured by a first priority security interest on American's rights under U.S. co-branded credit card agreements and certain other loyalty program partner participation agreements (including rights to receive cash flows thereunder), documents, deposit accounts, securities accounts, books and records and intellectual property related to American's AAdvantage loyalty program and all proceeds, accessions, rents or profits related to the foregoing (collectively, the Treasury Collateral). American is permitted under the Treasury Loan Agreement to add certain types of assets to the Treasury Collateral and, subject to certain conditions, release Treasury Collateral, in each case from time to time at its discretion. The Treasury Loan Agreement requires American, under certain circumstances, including within 10 business days prior to the last business day of March and September of each year, beginning March 2021, to appraise the value of the Treasury Collateral and recalculate the collateral coverage ratio. If the calculated collateral coverage ratio is less than 1.6 to 1.0, American will be required either to provide additional Treasury Collateral (which may include cash collateral) to secure its obligations under the Treasury Loan Agreement or repay the term loans under the Treasury Term Loan Facility, in such amounts that the recalculated collateral coverage ratio, after giving effect to any such additional Treasury Collateral or repayment, is at least 1.6 to 1.0. Based on the appraisal American submitted in connection with the execution of the Treasury Loan Agreement, the appraised value of the Treasury Collateral is presently significantly in excess of the 2.0 to 1.0 collateral coverage ratio necessary to access the amount under the Treasury Term Loan Facility, including any contemplated increase. The Treasury Loan Agreement also requires American to calculate the debt service coverage ratio on a quarterly basis. If the calculated debt service coverage ratio is less than 1.75 to 1.00, then AAG and its subsidiaries will be required to place an amount equal to at least 50% of certain revenues received from the AAdvantage loyalty program (the Loyalty Program Revenues) into a blocked account to be held for the benefit of the lenders who may choose to use such funds to prepay the outstanding term loans until the debt service coverage ratio is recalculated to be greater than or equal to 1.75 to 1.00. If the calculated debt service coverage ratio is less than or equal to 1.50 to 1.00, but greater than 1.25 to 1.00, then all amounts previously deposited into the blocked account will be used to prepay outstanding term loans and an amount equal to at least 50% of all future Loyalty Program Revenues will be transferred into the payment account and used to prepay outstanding term loans until the debt service coverage ratio is recalculated to be greater than 1.50 to 1.00. If the calculated debt service coverage ratio is less than or equal to 1.25 to 1.00, then all amounts previously deposited into the blocked account will be used to prepay outstanding term loans and an amount equal to at least 75% of all future Loyalty Program Revenues will be transferred into the payment account and used to prepay outstanding term loans until the debt service coverage ratio is recalculated to be greater than 1.25 to 1.00. The Treasury Loan Agreement also includes affirmative, negative and financial covenants that, among other things, limit AAG's ability to pay dividends, repurchase common stock of AAG or make certain other payments, make certain investments, incur liens on the Treasury Collateral, dispose of the Treasury Collateral, amend material AAdvantage loyalty program agreements, enter into certain affiliate transactions and engage in certain business activities, in each case subject to certain exceptions. In addition, under the Treasury Loan Agreement, AAG must maintain a minimum aggregate liquidity of $2.0 billion. The Treasury Loan Agreement requires AAG and American to comply with the relevant provisions of the CARES Act, including, but not limited to, the provisions that prohibit the repurchase of AAG’s common stock, the payment of common stock dividends and those that restrict the payment of certain executive compensation, in each case, through the date that is 12 months after the date on which all amounts of loan outstanding under the Treasury Term Loan Facility have been repaid in full. The Treasury Loan Agreement contains events of default, including cross-default with respect to acceleration or failure to pay at maturity other material indebtedness. Upon the occurrence of an event of default and subject to certain grace periods, the outstanding obligations under the Treasury Loan Agreement may be accelerated and become due and payable immediately. 10.75% Senior Secured Notes On September 25, 2020 (the 10.75% Senior Secured Notes Closing Date), American completed its previously announced sale of $1.0 billion in initial principal amount of PIK senior secured IP notes (the IP Notes) and $200 million in initial principal amount of PIK senior secured notes (the LGA/DCA Notes and together with the IP Notes, the 10.75% Senior Secured Notes). The obligations of American under the 10.75% Senior Secured Notes are fully and unconditionally guaranteed (the 10.75% Senior Secured Notes Guarantees) on a senior unsecured basis by AAG. The 10.75% Senior Secured Notes bear interest at a rate of 10.75% per annum in cash. For any interest period on or prior to September 1, 2022, American may, at its election, pay interest at a rate of 12.00% per annum payable one-half in cash and one-half in kind. American expects to use the proceeds from the 10.75% Senior Secured Notes to pay transaction-related fees and expenses and for general corporate purposes. The 10.75% Senior Secured Notes were each issued pursuant to a separate indenture, dated as of September 25, 2020 (individually, the IP Notes Indenture and the LGA/DCA Notes Indenture and collectively, the 10.75% Senior Secured Notes Indentures), by and among American, AAG and Wilmington Trust, National Association, as trustee and as collateral trustee (the 10.75% Senior Secured Notes Trustee). The IP Notes are secured by a first lien security interest on certain intellectual property of American, including the “American Airlines” trademark and the “aa.com” domain name in the United States and certain foreign jurisdictions (the IP Collateral), and a second lien on certain slots related to American’s operations at New York LaGuardia and Ronald Reagan Washington National airports and certain other assets (the LGA/DCA Collateral and together with the IP Collateral, the 10.75% Senior Secured Notes Collateral). Subject to certain conditions, American will be permitted to incur up to $4.0 billion of additional pari passu debt and unlimited second lien debt secured by the IP Collateral securing the IP Notes. The LGA/DCA Notes are secured by a first lien security interest in the LGA/DCA Collateral. American may be required to pledge additional collateral in the future under the terms of the 10.75% Senior Secured Notes, and in certain circumstances may elect to pledge additional collateral including as a replacement for existing collateral. The LGA/DCA Collateral presently secures (and will continue to secure), on a first-lien basis the December 2016 Credit Facilities. Interest on the 10.75% Senior Secured Notes is payable semiannually in arrears on September 1 and March 1 of each year, beginning on March 1, 2021. The 10.75% Senior Secured Notes will mature on February 15, 2026. On or prior to the fourth anniversary of the 10.75% Senior Secured Notes Closing Date, American may redeem all or any part of the 10.75% Senior Secured Notes, at its option, at a redemption price equal to 100% of the principal amount of the 10.75% Senior Secured Notes redeemed plus a make whole premium, together with accrued and unpaid interest. After the fourth anniversary of the 10.75% Senior Secured Notes Closing Date and on or prior to the fifth anniversary of the 10.75% Senior Secured Notes Closing Date, American may redeem all or any part of the 10.75% Senior Secured Notes, at its option, at a redemption price equal to 105.375% of the principal amount of the 10.75% Senior Secured Notes redeemed, together with accrued and unpaid interest. After the fifth anniversary of the 10.75% Senior Secured Notes Closing Date, American may redeem all or any part of the 10.75% Senior Secured Notes, at its option, at par, together with accrued and unpaid interest. In the event of a specified change of control, each holder of 10.75% Senior Secured Notes may require American to repurchase its 10.75% Senior Secured Notes, in whole or in part, at a repurchase price of 101% of the aggregate principal amount of the 10.75% Senior Secured Notes so repurchased, plus accrued and unpaid interest, if any, to (but not including) the repurchase date. The 10.75% Senior Secured Notes Indentures contain covenants that, among other things, restrict the ability of AAG and the ability of its restricted subsidiaries (including American) to: (i) pay dividends, redeem or repurchase stock or make other distributions or restricted payments, (ii) incur liens on the 10.75% Senior Secured Notes Collateral and dispose of or release the 10.75% Senior Secured Notes Collateral, (iii) repay subordinated indebtedness, (iv) make certain loans and investments, (v) incur indebtedness or issue preferred stock, (vi) merge, consolidate or sell assets, and (vii) designate subsidiaries as unrestricted. These covenants are subject to a number of important exceptions and qualifications set forth in the 10.75% Senior Secured Notes Indentures. Upon the occurrence of any event of default (other than certain bankruptcy or insolvency or reorganization events affecting AAG or certain of its subsidiaries, including American), the 10.75% Senior Secured Notes may be declared to be due and payable immediately. Upon the occurrence of certain bankruptcy, insolvency or reorganization events affecting AAG or certain of its subsidiaries (including American), all outstanding 10.75% Senior Secured Notes will become due and payable immediately without further action or notice on the part of the 10.75% Senior Secured Notes Trustee or any holder of the 10.75% Senior Secured Notes. 2019-1 Aircraft EETCs In August 2019, American created three pass-through trusts which issued approximately $1.1 billion aggregate face amount of Series 2019-1 Class AA, Class A and Class B EETCs (the 2019-1 Aircraft EETCs) in connection with the financing of 35 aircraft previously delivered or scheduled to be delivered to American through September 2020 (the 2019-1 Aircraft). In 2019, $804 million of the proceeds had been used to purchase equipment notes issued by American in connection with the financing of 28 aircraft under the 2019-1 Aircraft EETCs, of which $608 million was used to repay existing indebtedness. During the third quarter of 2020, $126 million of the proceeds had been used to purchase equipment notes issued by American in connection with the financing of three aircraft under the 2019-1 Aircraft EETCs. Interest and principal payments on equipment notes issued in connection with the 2019-1 Aircraft EETCs are payable semiannually in February and August of each year, which interest payments began in February 2020 and which principal payments began or are scheduled to begin (i) in the case of equipment notes with respect to any 2019-1 Aircraft owned by American at the time of issuance of the 2019-1 Aircraft EETCs, in February 2020 and (ii) in the case of equipment notes with respect to the Embraer E175 aircraft and the Airbus A321neo aircraft scheduled to be delivered after the issuance of the 2019-1 Aircraft EETCs, in August 2020 and August 2021, respectively. The remaining proceeds of approximately $168 million as of September 30, 2020 were being held in escrow with a depositary for the benefit of the holders of the 2019-1 Aircraft EETCs until such time as American issues additional equipment notes with respect to the remaining 2019-1 Aircraft to the pass-through trusts, which will purchase such additional equipment notes with the escrowed funds. These escrowed funds are not guaranteed by American and are not reported as debt on its condensed consolidated balance sheet because the proceeds held by the depositary for the benefit of the holders of the 2019-1 Aircraft EETCs are not American’s assets. Certain information regarding the 2019-1 Aircraft EETC equipment notes and remaining escrowed proceeds, as of September 30, 2020, is set forth in the table below. 2019-1 Aircraft EETCs Series AA Series A Series B Aggregate principal issued $579 $289 $229 Remaining escrowed proceeds $89 $44 $35 Fixed interest rate per annum 3.15% 3.50% 3.85% Maturity date February 2032 February 2032 February 2028 Equipment Notes and Other Notes Payable Issued in 2020 In the nine months ended September 30, 2020, American entered into agreements under which it borrowed $197 million in connection with the financing or refinancing, as the case may be, of certain aircraft, of which $17 million was used to repay existing indebtedness. Debt incurred under these agreements matures in 2029 through 2032 and bears interest at variable rates (comprised of LIBOR plus an applicable margin) averaging 1.88% at September 30, 2020.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2020
Income Taxes [Line Items]
Income Taxes	Income Taxes At December 31, 2019, we had approximately $9.1 billion of federal net operating losses (NOLs) carried over from prior taxable years (NOL Carryforwards) to reduce future federal taxable income. The federal NOL Carryforwards will expire beginning in 2023 if unused. We also had approximately $3.0 billion of NOL Carryforwards to reduce future state taxable income at December 31, 2019, which will expire in years 2020 through 2039 if unused. Our ability to use our NOL Carryforwards depends on the amount of taxable income generated in future periods. We presently do not have a valuation allowance on our net deferred tax assets. There can be no assurance that a valuation allowance on our net deferred tax assets will not be required in the future. Such valuation allowance could be material. At December 31, 2019, we had an Alternative Minimum Tax (AMT) credit carryforward of approximately $170 million available for federal income tax purposes, which was fully refunded as of September 30, 2020 as a result of the CARES Act enacted in March of 2020. During the three and nine months ended September 30, 2020, we recorded an income tax benefit of $696 million and $1.9 billion, respectively.
American Airlines, Inc.
Income Taxes [Line Items]
Income Taxes	Income Taxes At December 31, 2019, American had approximately $9.2 billion of federal net operating losses (NOLs) carried over from prior taxable years (NOL Carryforwards) to reduce future federal taxable income. 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 $9.1 billion to reduce AAG's future federal taxable income. The federal NOL Carryforwards will expire beginning in 2023 if unused. American also had approximately $2.9 billion of NOL Carryforwards to reduce future state taxable income at December 31, 2019, which will expire in years 2020 through 2039 if unused. American's ability to use its NOL Carryforwards depends on the amount of taxable income generated in future periods. American presently does not have a valuation allowance on its net deferred tax assets. There can be no assurance that a valuation allowance on American's net deferred tax assets will not be required in the future. Such valuation allowance could be material. At December 31, 2019, American had an Alternative Minimum Tax (AMT) credit carryforward of approximately $226 million available for federal income tax purposes, which was fully refunded as of September 30, 2020 as a result of the CARES Act enacted in March of 2020. During the three and nine months ended September 30, 2020, American recorded an income tax benefit of $660 million and $1.9 billion, respectively.

Fair Value Measurements and Oth

Fair Value Measurements and Other Investments	9 Months Ended
	Sep. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements and Other Investments	Fair Value Measurements and Other Investments Assets Measured at Fair Value on a Recurring Basis We utilize the market approach to measure the fair value of 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 nine months ended September 30, 2020. Assets measured at fair value on a recurring basis are summarized below (in millions): Fair Value Measurements as of September 30, 2020 Total Level 1 Level 2 Level 3 Short-term investments (1), (2) : Money market funds $ 2,828 $ 2,828 $ — $ — Corporate obligations 2,454 — 2,454 — Bank notes/certificates of deposit/time deposits 1,974 — 1,974 — Repurchase agreements 775 — 775 — 8,031 2,828 5,203 — Restricted cash and short-term investments (1), (4) 508 385 123 — Long-term investments (3) 146 146 — — Total $ 8,685 $ 3,359 $ 5,326 $ — (1) All short-term investments are classified as available-for-sale and stated at fair value. Unrealized gains and losses are recorded in accumulated other comprehensive loss at each reporting period. There were no credit losses. (2) Our short-term investments mature in one year or less except for $286 million of bank notes/certificates of deposit/time deposits and $70 million of corporate obligations. (3) Long-term investments primarily include our equity investment in China Southern Airlines, in which we presently own a 1.8% equity interest, and are classified in other assets on the condensed consolidated balance sheet. (4) Restricted cash and short-term investments primarily includes money market funds to be used to finance a substantial portion of the cost of the renovation and expansion of Terminal 8 at JFK and collateral held to support workers' compensation obligations. 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 except for $2.3 billion which would have been classified as Level 3 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): September 30, 2020 December 31, 2019 Carrying Fair Carrying Fair Long-term debt, including current maturities $ 32,203 $ 28,047 $ 23,645 $ 24,508
American Airlines, Inc.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements and Other Investments	Fair Value Measurements and Other Investments Assets Measured at Fair Value on a Recurring Basis American utilizes the market approach to measure the fair value of 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 nine months ended September 30, 2020. Assets measured at fair value on a recurring basis are summarized below (in millions): Fair Value Measurements as of September 30, 2020 Total Level 1 Level 2 Level 3 Short-term investments (1), (2) : Money market funds $ 2,827 $ 2,827 $ — $ — Corporate obligations 2,454 — 2,454 — Bank notes/certificates of deposit/time deposits 1,973 — 1,973 — Repurchase agreements 775 — 775 — 8,029 2,827 5,202 — Restricted cash and short-term investments (1), (4) 508 385 123 — Long-term investments (3) 146 146 — — Total $ 8,683 $ 3,358 $ 5,325 $ — (1) All short-term investments are classified as available-for-sale and stated at fair value. Unrealized gains and losses are recorded in accumulated other comprehensive loss at each reporting period. There were no credit losses. (2) American’s short-term investments mature in one year or less except for $286 million of bank notes/certificates of deposit/time deposits and $70 million of corporate obligations. (3) Long-term investments primarily include American's equity investment in China Southern Airlines, in which American presently owns a 1.8% equity interest, and are classified in other assets on the condensed consolidated balance sheet. (4) Restricted cash and short-term investments primarily includes money market funds to be used to finance a substantial portion of the cost of the renovation and expansion of Terminal 8 at JFK and collateral held to support workers' compensation obligations. 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 except for $550 million which would have been classified as Level 3 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): September 30, 2020 December 31, 2019 Carrying Fair Carrying Fair Long-term debt, including current maturities $ 28,607 $ 24,585 $ 22,372 $ 23,196

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2020
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 September 30, 2020 2019 2020 2019 Service cost $ 1 $ 1 $ 2 $ 1 Interest cost 154 175 8 9 Expected return on assets (253) (204) (3) (4) Special termination benefits — — 410 — Settlements — — — — Amortization of: Prior service cost (benefit) 7 7 (33) (59) Unrecognized net loss (gain) 41 37 (5) (8) Net periodic benefit cost (income) $ (50) $ 16 $ 379 $ (61) Pension Benefits Retiree Medical and Other Nine Months Ended September 30, 2020 2019 2020 2019 Service cost $ 3 $ 2 $ 5 $ 3 Interest cost 461 527 22 26 Expected return on assets (757) (611) (9) (12) Special termination benefits — — 410 — Settlements 4 — — — Amortization of: Prior service cost (benefit) 21 21 (139) (177) Unrecognized net loss (gain) 124 113 (17) (24) Net periodic benefit cost (income) $ (144) $ 52 $ 272 $ (184) Effective November 1, 2012, substantially all of our defined benefit pension plans were frozen. The service cost component of net periodic benefit cost (income) is included in operating expenses, the cost for the special termination benefits is included in special items, net and the other components of net periodic benefit cost (income) are included in nonoperating other income (expense), net in the condensed consolidated statements of operations. During the third quarter of 2020, we remeasured our retiree medical and other postretirement benefits to account for enhanced healthcare benefits provided to eligible team members who opted in to voluntary early retirement programs offered as a result of reductions to our operation due to COVID-19. For the three months ended September 30, 2020, we recognized a $410 million special charge for these enhanced healthcare benefits and increased our postretirement benefits obligation by $410 million as of September 30, 2020. Pursuant to the CARES Act, minimum required pension contributions to be made in the calendar year 2020 can be deferred to January 1, 2021, with interest accruing from the original due date to the new payment date. We expect to defer our $133 million 2020 minimum required contributions to January 1, 2021, which we intend to pay or otherwise satisfy on or prior to December 31, 2020.
American Airlines, Inc.
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 September 30, 2020 2019 2020 2019 Service cost $ 1 $ 1 $ 2 $ 1 Interest cost 153 174 8 9 Expected return on assets (252) (203) (3) (4) Special termination benefits — — 410 — Settlements — — — — Amortization of: Prior service cost (benefit) 7 7 (33) (59) Unrecognized net loss (gain) 41 37 (5) (8) Net periodic benefit cost (income) $ (50) $ 16 $ 379 $ (61) Pension Benefits Retiree Medical and Other Nine Months Ended September 30, 2020 2019 2020 2019 Service cost $ 2 $ 2 $ 5 $ 3 Interest cost 459 524 22 26 Expected return on assets (754) (609) (9) (12) Special termination benefits — — 410 — Settlements 4 — — — Amortization of: Prior service cost (benefit) 21 21 (139) (177) Unrecognized net loss (gain) 123 113 (17) (24) Net periodic benefit cost (income) $ (145) $ 51 $ 272 $ (184) Effective November 1, 2012, substantially all of American’s defined benefit pension plans were frozen. The service cost component of net periodic benefit cost (income) is included in operating expenses, the cost for the special termination benefits is included in special items, net and the other components of net periodic benefit cost (income) are included in nonoperating other income (expense), net in the condensed consolidated statements of operations. During the third quarter of 2020, American remeasured its retiree medical and other postretirement benefits to account for enhanced healthcare benefits provided to eligible team members who opted in to voluntary early retirement programs offered as a result of reductions to its operation due to COVID-19. For the three months ended September 30, 2020, American recognized a $410 million special charge for these enhanced healthcare benefits and increased its postretirement benefits obligation by $410 million as of September 30, 2020. Pursuant to the CARES Act, minimum required pension contributions to be made in the calendar year 2020 can be deferred to January 1, 2021, with interest accruing from the original due date to the new payment date. American expects to defer its $130 million 2020 minimum required contributions to January 1, 2021, which American intends to pay or otherwise satisfy on or prior to December 31, 2020.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2020
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 Loss on Investments Income Tax Benefit (Provision) (1) Total Balance at December 31, 2019 $ (5,238) $ (2) $ (1,091) $ (6,331) Other comprehensive income (loss) before (180) — 41 (139) Amounts reclassified from AOCI (7) — 1 (2) (6) Net current-period other comprehensive income (187) — 42 (145) Balance at September 30, 2020 $ (5,425) $ (2) $ (1,049) $ (6,476) (1) Relates principally to pension, retiree medical and other postretirement benefits obligations that will not be recognized in net income (loss) 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 (benefit) 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 September 30, Nine Months Ended 2020 2019 2020 2019 Amortization of pension, retiree medical Prior service benefit $ (20) $ (40) $ (91) $ (121) Nonoperating other income (expense), net Actuarial loss 28 22 85 69 Nonoperating other income (expense), net Total reclassifications for the period, $ 8 $ (18) $ (6) $ (52)
American Airlines, Inc.
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 Loss on Investments Income Tax Benefit (Provision) (1) Total Balance at December 31, 2019 $ (5,218) $ (2) $ (1,203) $ (6,423) Other comprehensive income (loss) before (180) — 41 (139) Amounts reclassified from AOCI (8) — 1 (2) (7) Net current-period other comprehensive income (188) — 42 (146) Balance at September 30, 2020 $ (5,406) $ (2) $ (1,161) $ (6,569) (1) Relates principally to pension, retiree medical and other postretirement benefits obligations that will not be recognized in net income (loss) 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 (benefit) 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 September 30, Nine Months Ended 2020 2019 2020 2019 Amortization of pension, retiree medical Prior service benefit $ (20) $ (40) $ (91) $ (121) Nonoperating other income (expense), net Actuarial loss 27 22 84 69 Nonoperating other income (expense), net Total reclassifications for the period, $ 7 $ (18) $ (7) $ (52)

Regional Expenses

Regional Expenses	9 Months Ended
	Sep. 30, 2020
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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Aircraft fuel and related taxes $ 158 $ 485 $ 638 $ 1,395 Salaries, wages and benefits 379 461 1,218 1,310 Capacity purchases from third-party regional carriers (1) 233 354 765 1,046 Maintenance, materials and repairs 72 108 244 303 Other rent and landing fees 112 167 369 495 Aircraft rent 3 8 11 23 Selling expenses 27 102 121 299 Depreciation and amortization 79 84 247 246 Special items, net (224) 6 (309) 6 Other 75 158 334 459 Total regional expenses $ 914 $ 1,933 $ 3,638 $ 5,582 (1) During the three months ended September 30, 2020 and 2019, we recognized $102 million and $150 million, respectively, of expense under our capacity purchase agreement with Republic Airways Inc. (Republic). During the nine months ended September 30, 2020 and 2019, we recognized $313 million and $442 million, respectively, of expense under our capacity purchase agreement with Republic. We hold a 25% equity interest in Republic Airways Holdings Inc., the parent company of Republic.
American Airlines, Inc.
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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Aircraft fuel and related taxes $ 158 $ 485 $ 638 $ 1,395 Salaries, wages and benefits 59 76 214 241 Capacity purchases from third-party regional carriers (1) 622 900 2,105 2,665 Maintenance, materials and repairs (4) 14 2 23 Other rent and landing fees 106 159 347 472 Aircraft rent 3 8 11 23 Selling expenses 27 102 121 299 Depreciation and amortization 66 72 207 210 Special items, net (228) — (338) — Other 43 97 193 288 Total regional expenses $ 852 $ 1,913 $ 3,500 $ 5,616 (1) During the three months ended September 30, 2020 and 2019, American recognized $102 million and $150 million, respectively, of expense under its capacity purchase agreement with Republic Airways Inc. (Republic). During the nine months ended September 30, 2020 and 2019, American recognized $313 million and $442 million, respectively, of expense under its capacity purchase agreement with 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	9 Months Ended
	Sep. 30, 2020
American Airlines, Inc.
Entity Information [Line Items]
Transactions with Related Parties	Transactions with Related Parties The following represents the net receivables (payables) to related parties (in millions): September 30, 2020 December 31, 2019 AAG (1) $ 11,212 $ 14,597 AAG’s wholly-owned subsidiaries (2) (2,029) (2,146) Total $ 9,183 $ 12,451 (1) The decrease in American’s net related party receivable from AAG is primarily due to cash received from the proceeds of AAG financing transactions including the PSP Promissory Note, the 6.50% convertible senior notes and the issuance of 85.2 million shares of AAG common stock pursuant to a public stock offering. (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	9 Months Ended
	Sep. 30, 2020
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 a disputed claims reserve (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 calculating earnings per common share. As disputed claims are resolved, the claimants receive distributions of shares from the Disputed Claims Reserve. 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. If 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. In February 2020, 2.2 million shares of AAG common stock were distributed from the Disputed Claims Reserve. After giving effect to this distribution, as of September 30, 2020, the Disputed Claims Reserve held 4.8 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, were named as defendants in approximately 100 putative class action lawsuits alleging unlawful agreements with respect to air passenger capacity. The U.S. lawsuits were consolidated in the Federal District Court for the District of Columbia (the DC Court). On June 15, 2018, we reached a settlement agreement with the plaintiffs in the amount of $45 million to resolve all class claims in the U.S. lawsuits. That settlement was approved by the DC Court on May 13, 2019, however three parties who objected to the settlement have appealed that decision to the United States Court of Appeals for the District of Columbia. We believe these appeals are without merit and intend to vigorously defend against them. 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 Bankruptcy Court. 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 Bankruptcy 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 and made closing arguments in April 2019, and we are awaiting the Bankruptcy Court's decision. We believe this lawsuit is without merit and intend to vigorously defend against the allegations. 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.
American Airlines, Inc.
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 a disputed claims reserve (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 calculating earnings per common share. As disputed claims are resolved, the claimants receive distributions of shares from the Disputed Claims Reserve. 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. If 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. In February 2020, 2.2 million shares of AAG common stock were distributed from the Disputed Claims Reserve. After giving effect to this distribution, as of September 30, 2020, the Disputed Claims Reserve held 4.8 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, were named as defendants in approximately 100 putative class action lawsuits alleging unlawful agreements with respect to air passenger capacity. The U.S. lawsuits were consolidated in the Federal District Court for the District of Columbia (the DC Court). On June 15, 2018, American reached a settlement agreement with the plaintiffs in the amount of $45 million to resolve all class claims in the U.S. lawsuits. That settlement was approved by the DC Court on May 13, 2019, however three parties who objected to the settlement have appealed that decision to the United States Court of Appeals for the District of Columbia. American believes these appeals are without merit and intends to vigorously defend against them. 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 Bankruptcy Court. 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 Bankruptcy 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 and made closing arguments in April 2019, and they are awaiting the Bankruptcy Court's decision. American believes this lawsuit is without merit and intends to vigorously defend against the allegations.

Impairment

Impairment	9 Months Ended
	Sep. 30, 2020
Restructuring Cost and Reserve [Line Items]
Impairment	ImpairmentLong-lived Assets Accounting Standards Codification (ASC) 360 - Property, Plant, and Equipment (ASC 360) requires long-lived assets to be assessed for impairment when events and circumstances indicate that the assets may be impaired. Long-lived assets consist of owned flight and ground equipment, ROU assets and definite-lived intangible assets such as certain domestic airport slots and gate leasehold rights, customer relationships and marketing agreements. As previously discussed, in the first nine months of 2020, our operations, liquidity and stock price were significantly impacted by decreased passenger demand and government travel restrictions due to COVID-19. Additionally, we decided to retire certain mainline aircraft earlier than planned including Airbus A330-200, Boeing 757, Boeing 767, Airbus A330-300 and Embraer 190 aircraft as well as regional aircraft, including certain Embraer 140 and Bombardier CRJ200 aircraft. As a result of these events and circumstances, in each of the first three quarters of 2020, we performed impairment tests on our long-lived assets in connection with the preparation of our financial statements. In accordance with ASC 360, an impairment of a long-lived asset or group of long-lived assets exists only when the sum of the estimated undiscounted future cash flows expected to be generated directly by the assets are less than the carrying value of the assets. We group assets principally by fleet-type when estimating future cash flows, which is generally the lowest level for which identifiable cash flows exist. Estimates of future cash flows are based on historical results adjusted to reflect management’s best estimate of future market and operating conditions, including our current fleet plan. As a result of the impairment tests performed on our long-lived assets, we determined the sum of the estimated undiscounted future cash flows exceeded the $42.0 billion carrying value for our long-lived assets except for the aircraft being retired earlier than planned as discussed above. For those aircraft and certain related spare parts, we recorded impairment charges reflecting the difference between the carrying values of these assets and their fair values of $714 million and $1.5 billion for the three and nine months ended September 30, 2020, respectively. Fair value reflects management’s best estimate including inputs from published pricing guides and bids from third parties as well as contracted sales agreements when applicable. Due to the inherent uncertainties of the current operating environment, we will continue to evaluate our current fleet (including aircraft in temporary storage) and may decide to permanently retire additional aircraft. Goodwill and Indefinite-lived Intangible Assets ASC 350 - Intangibles - Goodwill and Other (ASC 350) requires goodwill and indefinite-lived intangible assets to be assessed for impairment annually or more frequently if events or circumstances indicate that the fair values of goodwill and indefinite-lived intangible assets may be lower than their carrying values. Goodwill represents the purchase price in excess of the fair value of the net assets acquired and liabilities assumed in connection with the merger with US Airways Group, Inc. We have one reporting unit. Indefinite-lived intangible assets consist of certain domestic airport slots and international slots and route authorities. In each of the first three quarters of 2020, we performed interim impairment tests on our goodwill and indefinite-lived intangible assets as a result of the events and circumstances previously discussed due to the impact of COVID-19 on our business. In accordance with ASC 350, for goodwill, we performed a quantitative analysis by using a market approach. Under the market approach, the fair value of the reporting unit was determined based on quoted market prices for equity and the fair value of debt as described in Note 8. The fair value exceeded the carrying value of the reporting unit, and our $4.1 billion of goodwill was not impaired. Additionally, we performed interim qualitative impairment tests on our $1.8 billion of indefinite-lived intangible assets and determined there was no material impairment. As discussed above, due to the inherent uncertainties of the current operating environment, we will continue to evaluate our goodwill and indefinite-lived intangible assets for events or circumstances that indicate that their fair values may be lower than their carrying values.
American Airlines, Inc.
Restructuring Cost and Reserve [Line Items]
Impairment	Impairment Long-lived Assets Accounting Standards Codification (ASC) 360 - Property, Plant, and Equipment (ASC 360) requires long-lived assets to be assessed for impairment when events and circumstances indicate that the assets may be impaired. Long-lived assets consist of owned flight and ground equipment, ROU assets and definite-lived intangible assets such as certain domestic airport slots and gate leasehold rights, customer relationships and marketing agreements. As previously discussed, in the first nine months of 2020, American's operations, liquidity and stock price were significantly impacted by decreased passenger demand and government travel restrictions due to COVID-19. Additionally, American decided to retire certain mainline aircraft earlier than planned including Airbus A330-200, Boeing 757, Boeing 767, Airbus A330-300 and Embraer 190 aircraft as well as regional aircraft, including certain Embraer 140 and Bombardier CRJ200 aircraft. As a result of these events and circumstances, in each of the first three quarters of 2020, American performed impairment tests on its long-lived assets in connection with the preparation of American's financial statements. In accordance with ASC 360, an impairment of a long-lived asset or group of long-lived assets exists only when the sum of the estimated undiscounted future cash flows expected to be generated directly by the assets are less than the carrying value of the assets. American groups assets principally by fleet-type when estimating future cash flows, which is generally the lowest level for which identifiable cash flows exist. Estimates of future cash flows are based on historical results adjusted to reflect management’s best estimate of future market and operating conditions, including American's current fleet plan. As a result of the impairment tests performed on American's long-lived assets, American determined the sum of the estimated undiscounted future cash flows exceeded the $41.5 billion carrying value for its long-lived assets except for the aircraft being retired earlier than planned as discussed above. For those aircraft and certain related spare parts, American recorded impairment charges reflecting the difference between the carrying values of these assets and their fair values of $714 million and $1.5 billion for the three and nine months ended September 30, 2020, respectively. Fair value reflects management’s best estimate including inputs from published pricing guides and bids from third parties as well as contracted sales agreements when applicable. Due to the inherent uncertainties of the current operating environment, American will continue to evaluate its current fleet (including aircraft in temporary storage) and may decide to permanently retire additional aircraft. Goodwill and Indefinite-lived Intangible Assets ASC 350 - Intangibles - Goodwill and Other (ASC 350) requires goodwill and indefinite-lived intangible assets to be assessed for impairment annually or more frequently if events or circumstances indicate that the fair values of goodwill and indefinite-lived intangible assets may be lower than their carrying values. Goodwill represents the purchase price in excess of the fair value of the net assets acquired and liabilities assumed in connection with the merger of AAG with US Airways Group, Inc. American has one reporting unit. Indefinite-lived intangible assets consist of certain domestic airport slots and international slots and route authorities. In each of the first three quarters of 2020, American performed interim impairment tests on its goodwill and indefinite-lived intangible assets as a result of the events and circumstances previously discussed due to the impact of COVID-19 on its business. In accordance with ASC 350, for goodwill, American performed a quantitative analysis by using a market approach. Under the market approach, the fair value of the reporting unit was determined based on quoted market prices for equity and the fair value of debt as described in Note 6. The fair value exceeded the carrying value of the reporting unit, and American's $4.1 billion of goodwill was not impaired. Additionally, American performed interim qualitative impairment tests on its $1.8 billion of indefinite-lived intangible assets and determined there was no material impairment. As discussed above, due to the inherent uncertainties of the current operating environment, American will continue to evaluate its goodwill and indefinite-lived intangible assets for events or circumstances that indicate that their fair values may be lower than their carrying values.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2020
Subsequent Event [Line Items]
Subsequent Events	Subsequent EventsOn October 21, 2020, we entered into a Restatement Agreement (the Treasury Loan Restatement Agreement) to the Treasury Loan Agreement. The Treasury Loan Restatement Agreement increased the commitment under the Treasury Term Loan Facility to $7.5 billion, representing an increase of approximately $2.0 billion beyond the approximately $5.5 billion of commitment under the Treasury Term Loan Facility as of the date of execution of the Treasury Loan Agreement. No additional borrowing was made by American on October 21, 2020 in connection with the entry into the Treasury Loan Restatement Agreement. Due to the increase in the commitment under the Treasury Term Loan Facility to $7.5 billion, AAG may now issue up to an aggregate of approximately 60.0 million Treasury Loan Warrant Shares, assuming the Treasury Term Loan Facility, as amended by the Restatement Agreement, is fully drawn.
American Airlines, Inc.
Subsequent Event [Line Items]
Subsequent Events	Subsequent EventsOn October 21, 2020, American and AAG entered into a Restatement Agreement (the Treasury Loan Restatement Agreement) to the Treasury Loan Agreement. The Treasury Loan Restatement Agreement increased the commitment under the Treasury Term Loan Facility to $7.5 billion, representing an increase of approximately $2.0 billion beyond the approximately $5.5 billion of commitment under the Treasury Term Loan Facility as of the date of execution of the Treasury Loan Agreement. No additional borrowing was made by American on October 21, 2020 in connection with the entry into the Treasury Loan Restatement Agreement. Due to the increase in the commitment under the Treasury Term Loan Facility to $7.5 billion, AAG may now issue up to an aggregate of approximately 60.0 million Treasury Loan Warrant Shares, assuming the Treasury Term Loan Facility, as amended by the Restatement Agreement, is fully drawn.

Basis of Presentation and Rec_2

Basis of Presentation and Recent Accounting Pronouncement (Policies)	9 Months Ended
	Sep. 30, 2020
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, 2019. 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 Accounting Standards Update (ASU) 2016-13: Measurement of Credit Losses on Financial Instruments This ASU requires the use of an expected loss model for certain types of financial instruments and requires consideration of a broader range of reasonable and supportable information to calculate credit loss estimates. For trade receivables, loans and held-to-maturity debt securities, an estimate of lifetime expected credit losses is required. For available-for-sale debt securities, an allowance for credit losses will be required rather than a reduction to the carrying value of the asset. We adopted this accounting standard prospectively as of January 1, 2020, and it did not have a material impact on our condensed consolidated financial statements. ASU 2020-06: Accounting for Convertible Instruments and Contracts In An Entity's Own Equity This ASU simplifies the accounting for certain convertible instruments by removing the separation models for convertible debt with a cash conversion feature or convertible instruments with a beneficial conversion feature. As a result, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. Additionally, this ASU amends the diluted earnings per share calculation for convertible instruments by requiring the use of the if-converted method. The treasury stock method is no longer available. Entities may adopt this ASU using either a full or modified retrospective approach, and it is effective for interim and annual reporting periods beginning after December 15, 2021. Early adoption is permitted for interim and annual reporting periods beginning after December 15, 2020. This ASU is applicable to our 6.50% convertible senior notes due 2025, and we are assessing the impact the adoption of this ASU will have on our condensed consolidated financial statements.
American Airlines, Inc.
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, 2019. 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 Accounting Standards Update (ASU) 2016-13: Measurement of Credit Losses on Financial Instruments This ASU requires the use of an expected loss model for certain types of financial instruments and requires consideration of a broader range of reasonable and supportable information to calculate credit loss estimates. For trade receivables, loans and held-to-maturity debt securities, an estimate of lifetime expected credit losses is required. For available-for-sale debt securities, an allowance for credit losses will be required rather than a reduction to the carrying value of the asset. American adopted this accounting standard prospectively as of January 1, 2020, and it did not have a material impact on American's condensed consolidated financial statements. ASU 2020-06: Accounting for Convertible Instruments and Contracts In An Entity's Own Equity This ASU simplifies the accounting for certain convertible instruments by removing the separation models for convertible debt with a cash conversion feature or convertible instruments with a beneficial conversion feature. As a result, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. Additionally, this ASU amends the diluted earnings per share calculation for convertible instruments by requiring the use of the if-converted method. The treasury stock method is no longer available. Entities may adopt this ASU using either a full or modified retrospective approach, and it is effective for interim and annual reporting periods beginning after December 15, 2021. Early adoption is permitted for interim and annual reporting periods beginning after December 15, 2020. This ASU is applicable to AAG's 6.50% convertible senior notes due 2025, and AAG is assessing the impact the adoption of this ASU will have on its condensed consolidated financial statements.

Special Items, Net (Tables)

Special Items, Net (Tables)	9 Months Ended
	Sep. 30, 2020
Restructuring Cost and Reserve [Line Items]
Components of Special Items, Net 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 PSP Financial Assistance (1) $ (1,908) $ — $ (3,710) $ — Severance expenses (2) 871 — 1,408 — Fleet impairment (3) 742 201 1,484 201 Labor contract expenses (4) — — 228 — Mark-to-market adjustments on bankruptcy obligations, net (5) — (22) (49) (18) Fleet restructuring expenses (6) — 72 — 232 Litigation reserve adjustments — (53) — (53) Merger integration expenses — 29 — 106 Other operating special items, net — 1 (18) 19 Mainline operating special items, net (295) 228 (657) 487 PSP Financial Assistance (1) (228) — (444) — Severance expenses (2) 4 — 18 — Fleet impairment (3) — — 117 — Other operating special items, net — 6 — 6 Regional operating special items, net (224) 6 (309) 6 Operating special items, net (519) 234 (966) 493 Mark-to-market adjustments on equity and other investments, net (7) (21) 45 159 37 Debt refinancing, extinguishment and other charges — (1) 48 6 Nonoperating special items, net (21) 44 207 43 (1) PSP Financial Assistance represents recognition of a portion of financial assistance received from Treasury pursuant to the PSP Agreement. See Note 1 for further information. (2) Severance expenses principally include salary and medical costs associated with certain team members who opted in to voluntary early retirement programs offered as a result of reductions to our operation due to COVID-19. These expenses in the three months ended September 30, 2020 also include salary and medical costs associated with team members who were notified in the third quarter of 2020 they were being involuntarily furloughed starting October 1, 2020, subsequent to the expiration of the Payroll Support Program requirement against involuntary furloughs. Cash payments related to these charges for the three and nine months ended September 30, 2020 were approximately $120 million and $170 million, respectively. (3) Fleet impairment resulted from our decision to retire certain aircraft earlier than planned driven by the decline in air travel due to COVID-19. Aircraft retired include Airbus A330-200, Boeing 757, Boeing 767, Airbus A330-300, Embraer 190, certain Embraer 140 and Bombardier CRJ200 aircraft. See Note 13 for further information related to these charges. The three months ended September 30, 2020 included a $709 million non-cash write-down of Airbus A330-200 aircraft and spare parts and $33 million in cash charges primarily for lease return and other costs. The nine months ended September 30, 2020 included a $1.5 billion non-cash write-down of mainline and regional aircraft and spare parts and $109 million in cash charges primarily for impairment of ROU assets and lease return costs. (4) Labor contract expenses primarily relate to one-time charges resulting from the ratification of a new contract with the Transport Workers Union and International Association of Machinists & Aerospace Workers for our maintenance and fleet service team members, including signing bonuses and adjustments to vacation accruals resulting from pay rate increases. (5) Bankruptcy obligations that will be settled in shares of our common stock are marked-to-market based on our stock price. (6) Fleet restructuring expenses principally included accelerated depreciation and rent expense for aircraft and related equipment expected to be retired earlier than planned. (7) Mark-to-market adjustments on equity and other investments, net primarily relates to net unrealized gains and losses associated with our equity investment in China Southern Airlines Company Limited (China Southern Airlines) and certain treasury rate lock derivative instruments.
American Airlines, Inc.
Restructuring Cost and Reserve [Line Items]
Components of Special Items, Net 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 PSP Financial Assistance (1) $ (1,908) $ — $ (3,710) $ — Severance expenses (2) 871 — 1,408 — Fleet impairment (3) 742 201 1,484 201 Labor contract expenses (4) — — 228 — Mark-to-market adjustments on bankruptcy obligations, net (5) — (22) (49) (18) Fleet restructuring expenses (6) — 72 — 232 Litigation reserve adjustments — (53) — (53) Merger integration expenses — 29 — 106 Other operating special items, net — 1 (18) 19 Mainline operating special items, net (295) 228 (657) 487 PSP Financial Assistance (1) (228) — (444) — Fleet impairment (3) — — 106 — Regional operating special items, net (228) — (338) — Operating special items, net (523) 228 (995) 487 Mark-to-market adjustments on equity and other investments, net (7) (21) 45 159 37 Debt refinancing, extinguishment and other charges — 7 48 14 Nonoperating special items, net (21) 52 207 51 (1) PSP Financial Assistance represents recognition of a portion of financial assistance received from Treasury pursuant to the PSP Agreement. See Note 1 for further information. (2) Severance expenses principally include salary and medical costs associated with certain team members who opted in to voluntary early retirement programs offered as a result of reductions to American's operation due to COVID-19. These expenses in the three months ended September 30, 2020 also include salary and medical costs associated with team members who were notified in the third quarter of 2020 they were being involuntarily furloughed starting October 1, 2020, subsequent to the expiration of the Payroll Support Program requirement against involuntary furloughs. Cash payments related to these charges for the three and nine months ended September 30, 2020 were approximately $120 million and $170 million, respectively. (3) Fleet impairment resulted from American's decision to retire certain aircraft earlier than planned driven by the decline in air travel due to COVID-19. Aircraft retired include Airbus A330-200, Boeing 757, Boeing 767, Airbus A330-300, Embraer 190, certain Embraer 140 and Bombardier CRJ200 aircraft. See Note 12 for further information related to these charges. The three months ended September 30, 2020 included a $709 million non-cash write-down of Airbus A330-200 aircraft and spare parts and $33 million in cash charges primarily for lease return and other costs. The nine months ended September 30, 2020 included a $1.5 billion non-cash write-down of mainline and regional aircraft and spare parts and $109 million in cash charges primarily for impairment of ROU assets and lease return costs. (4) Labor contract expenses primarily relate to one-time charges resulting from the ratification of a new contract with the Transport Workers Union and International Association of Machinists & Aerospace Workers for American's maintenance and fleet service team members, including signing bonuses and adjustments to vacation accruals resulting from pay rate increases. (5) Bankruptcy obligations that will be settled in shares of AAG common stock are marked-to-market based on AAG's stock price. (6) Fleet restructuring expenses principally included accelerated depreciation and rent expense for aircraft and related equipment expected to be retired earlier than planned. (7) Mark-to-market adjustments on equity and other investments, net primarily relates to net unrealized gains and losses associated with American's equity investment in China Southern Airlines Company Limited (China Southern Airlines) and certain treasury rate lock derivative instruments.

Earnings (Loss) Per Common Sh_2

Earnings (Loss) Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings (Loss) per Common Share	The following table sets forth the computation of basic and diluted earnings (loss) per common share (EPS) (in millions, except share and per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Basic EPS: Net income (loss) $ (2,399) $ 425 $ (6,707) $ 1,272 Weighted average common shares outstanding (in thousands) 509,049 441,915 454,523 446,291 Basic EPS $ (4.71) $ 0.96 $ (14.76) $ 2.85 Diluted EPS: Net income (loss) for purposes of computing diluted EPS $ (2,399) $ 425 $ (6,707) $ 1,272 Share computation for diluted EPS (in thousands): Basic weighted average common shares outstanding 509,049 441,915 454,523 446,291 Dilutive effect of stock awards — 486 — 848 Diluted weighted average common shares outstanding 509,049 442,401 454,523 447,139 Diluted EPS $ (4.71) $ 0.96 $ (14.76) $ 2.84
Anti-Dilutive Securities Excluded From Calculation of Diluted EPS	Securities that could potentially dilute EPS in the future, and which were excluded from the calculation of diluted EPS because inclusion of such shares would be antidilutive, are as follows (in thousands): Three Months Ended September 30, Nine Months Ended 2020 2019 2020 2019 Restricted stock unit awards 4,559 2,590 5,091 2,648 PSP Warrants 25 — 2,131 — Treasury Loan Warrants 1 — — — 6.50% convertible senior notes 61,728 — 21,933 —

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2020
Entity Information [Line Items]
Disaggregation of Revenue	The following are the significant categories comprising our reported operating revenues (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Passenger revenue: Passenger travel $ 2,407 $ 10,226 $ 10,491 $ 29,215 Loyalty revenue - travel (1) 133 769 837 2,448 Total passenger revenue 2,540 10,995 11,328 31,663 Cargo 207 208 484 647 Other: Loyalty revenue - marketing services 389 570 1,317 1,742 Other revenue 37 138 180 403 Total other revenue 426 708 1,497 2,145 Total operating revenues $ 3,173 $ 11,911 $ 13,309 $ 34,455 (1) Loyalty revenue included in passenger revenue is principally comprised of mileage credit redemptions, which were earned from travel or co-branded credit card and other partners. The following is our total passenger revenue by geographic region (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Domestic $ 2,296 $ 7,814 $ 9,102 $ 23,048 Latin America 172 1,218 1,386 3,829 Atlantic 56 1,596 621 3,677 Pacific 16 367 219 1,109 Total passenger revenue $ 2,540 $ 10,995 $ 11,328 $ 31,663
Schedule of Contract Liabilities	September 30, 2020 December 31, 2019 (In millions) Loyalty program liability $ 9,094 $ 8,615 Air traffic liability 4,903 4,808 Total $ 13,997 $ 13,423 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, 2019 $ 8,615 Deferral of revenue 1,456 Recognition of revenue (1) (977) Balance at September 30, 2020 (2) $ 9,094 (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.
American Airlines, Inc.
Entity Information [Line Items]
Disaggregation of Revenue	The following are the significant categories comprising American's reported operating revenues (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Passenger revenue: Passenger travel $ 2,407 $ 10,226 $ 10,491 $ 29,215 Loyalty revenue - travel (1) 133 769 837 2,448 Total passenger revenue 2,540 10,995 11,328 31,663 Cargo 207 208 484 647 Other: Loyalty revenue - marketing services 389 570 1,317 1,742 Other revenue 36 137 179 397 Total other revenue 425 707 1,496 2,139 Total operating revenues $ 3,172 $ 11,910 $ 13,308 $ 34,449 (1) Loyalty revenue included in passenger revenue is principally comprised of mileage credit redemptions, which were earned from travel or co-branded credit card and other partners. The following is American's total passenger revenue by geographic region (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Domestic $ 2,296 $ 7,814 $ 9,102 $ 23,048 Latin America 172 1,218 1,386 3,829 Atlantic 56 1,596 621 3,677 Pacific 16 367 219 1,109 Total passenger revenue $ 2,540 $ 10,995 $ 11,328 $ 31,663
Schedule of Contract Liabilities	September 30, 2020 December 31, 2019 (In millions) Loyalty program liability $ 9,094 $ 8,615 Air traffic liability 4,903 4,808 Total $ 13,997 $ 13,423 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, 2019 $ 8,615 Deferral of revenue 1,456 Recognition of revenue (1) (977) Balance at September 30, 2020 (2) $ 9,094 (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.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Instrument [Line Items]
Schedule of Long-Term Debt	Long-term debt included in the condensed consolidated balance sheets consisted of (in millions): September 30, 2020 December 31, 2019 Secured 2013 Term Loan Facility, variable interest rate of 1.89%, installments through 2025 $ 1,788 $ 1,807 2013 Revolving Facility, variable interest rate of 2.16%, due 2024 750 — 2014 Term Loan Facility, variable interest rate of 1.90%, installments through 2027 1,220 1,202 2014 Revolving Facility, variable interest rate of 2.16%, due 2024 1,643 — April 2016 Term Loan Facility, variable interest rate of 2.15%, installments through 2023 960 970 April 2016 Revolving Facility, variable interest rate of 2.16%, due 2024 450 — December 2016 Term Loan Facility, variable interest rate of 2.15%, installments through 2023 1,213 1,213 11.75% senior secured notes, interest only payments until due in July 2025 2,500 — Treasury Term Loan Facility, variable interest rate of 3.73%, due June 2025 550 — 10.75% senior secured IP notes, interest only payments until due in February 2026 1,000 — 10.75% senior secured LGA/DCA notes, interest only payments until due in February 2026 200 — Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 3.00% to 8.39%, averaging 3.99%, maturing from 2021 to 2032 11,146 11,933 Equipment loans and other notes payable, fixed and variable interest rates ranging from 1.33% to 5.83%, averaging 1.88%, maturing from 2020 to 2032 4,484 4,727 Special facility revenue bonds, fixed interest rates ranging from 5.00% to 8.00%, maturing from 2021 to 2036 1,064 754 28,968 22,606 Unsecured PSP Promissory Note 1,765 — 6.50% convertible senior notes, interest only payments until due in July 2025 1,000 — 5.000% senior notes, interest only payments until due in June 2022 750 750 3.75% senior notes, interest only payments until due in March 2025 500 — 4.625% senior notes — 500 4,015 1,250 Total long-term debt 32,983 23,856 Less: Total unamortized debt discount, premium and issuance costs 780 211 Less: Current maturities 2,610 2,749 Long-term debt, net of current maturities $ 29,593 $ 20,896 Certain information regarding the 2019-1 Aircraft EETC equipment notes and remaining escrowed proceeds, as of September 30, 2020, is set forth in the table below. 2019-1 Aircraft EETCs Series AA Series A Series B Aggregate principal issued $579 $289 $229 Remaining escrowed proceeds $89 $44 $35 Fixed interest rate per annum 3.15% 3.50% 3.85% Maturity date February 2032 February 2032 February 2028
Schedule of Line of Credit	The table below shows the maximum availability under our credit facilities, as of September 30, 2020 (in millions): Treasury Term Loan Facility $ 4,927 Other Short-term Revolving Facility 400 Total $ 5,327
Components of Convertible Debt	The following table details the debt and equity components recognized related to the Convertible Notes as of September 30, 2020 (in millions): September 30, 2020 Principal amount of 6.50% convertible senior notes $ 1,000 Unamortized debt discount (430) Net carrying amount of 6.50% convertible senior notes 570 Additional paid-in capital 415
American Airlines, Inc.
Debt Instrument [Line Items]
Schedule of Long-Term Debt	Long-term debt included in the condensed consolidated balance sheets consisted of (in millions): September 30, 2020 December 31, 2019 Secured 2013 Term Loan Facility, variable interest rate of 1.89%, installments through 2025 $ 1,788 $ 1,807 2013 Revolving Facility, variable interest rate of 2.16%, due 2024 750 — 2014 Term Loan Facility, variable interest rate of 1.90%, installments through 2027 1,220 1,202 2014 Revolving Facility, variable interest rate of 2.16%, due 2024 1,643 — April 2016 Term Loan Facility, variable interest rate of 2.15%, installments through 2023 960 970 April 2016 Revolving Facility, variable interest rate of 2.16%, due 2024 450 — December 2016 Term Loan Facility, variable interest rate of 2.15%, installments through 2023 1,213 1,213 11.75% senior secured notes, interest only payments until due in July 2025 2,500 — Treasury Term Loan Facility, variable interest rate of 3.73%, due June 2025 550 — 10.75% senior secured IP notes, interest only payments until due in February 2026 1,000 — 10.75% senior secured LGA/DCA notes, interest only payments until due in February 2026 200 — Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 3.00% to 8.39%, averaging 3.99%, maturing from 2021 to 2032 11,146 11,933 Equipment loans and other notes payable, fixed and variable interest rates ranging from 1.33% to 5.83%, averaging 1.88%, maturing from 2020 to 2032 4,484 4,727 Special facility revenue bonds, fixed interest rates ranging from 5.00% to 5.38%, maturing from 2021 to 2036 1,040 725 Total long-term debt 28,944 22,577 Less: Total unamortized debt discount, premium and issuance costs 337 205 Less: Current maturities 2,612 2,246 Long-term debt, net of current maturities $ 25,995 $ 20,126 Certain information regarding the 2019-1 Aircraft EETC equipment notes and remaining escrowed proceeds, as of September 30, 2020, is set forth in the table below. 2019-1 Aircraft EETCs Series AA Series A Series B Aggregate principal issued $579 $289 $229 Remaining escrowed proceeds $89 $44 $35 Fixed interest rate per annum 3.15% 3.50% 3.85% Maturity date February 2032 February 2032 February 2028
Schedule of Line of Credit	The table below shows the maximum availability under American's credit facilities, as of September 30, 2020 (in millions): Treasury Term Loan Facility $ 4,927 Other Short-term Revolving Facility 400 Total $ 5,327

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2020
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 September 30, 2020 Total Level 1 Level 2 Level 3 Short-term investments (1), (2) : Money market funds $ 2,828 $ 2,828 $ — $ — Corporate obligations 2,454 — 2,454 — Bank notes/certificates of deposit/time deposits 1,974 — 1,974 — Repurchase agreements 775 — 775 — 8,031 2,828 5,203 — Restricted cash and short-term investments (1), (4) 508 385 123 — Long-term investments (3) 146 146 — — Total $ 8,685 $ 3,359 $ 5,326 $ — (1) All short-term investments are classified as available-for-sale and stated at fair value. Unrealized gains and losses are recorded in accumulated other comprehensive loss at each reporting period. There were no credit losses. (2) Our short-term investments mature in one year or less except for $286 million of bank notes/certificates of deposit/time deposits and $70 million of corporate obligations. (3) Long-term investments primarily include our equity investment in China Southern Airlines, in which we presently own a 1.8% equity interest, and are classified in other assets on the condensed consolidated balance sheet. (4) Restricted cash and short-term investments primarily includes money market funds to be used to finance a substantial portion of the cost of the renovation and expansion of Terminal 8 at JFK and collateral held to support workers' compensation obligations.
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): September 30, 2020 December 31, 2019 Carrying Fair Carrying Fair Long-term debt, including current maturities $ 32,203 $ 28,047 $ 23,645 $ 24,508
American Airlines, Inc.
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 September 30, 2020 Total Level 1 Level 2 Level 3 Short-term investments (1), (2) : Money market funds $ 2,827 $ 2,827 $ — $ — Corporate obligations 2,454 — 2,454 — Bank notes/certificates of deposit/time deposits 1,973 — 1,973 — Repurchase agreements 775 — 775 — 8,029 2,827 5,202 — Restricted cash and short-term investments (1), (4) 508 385 123 — Long-term investments (3) 146 146 — — Total $ 8,683 $ 3,358 $ 5,325 $ — (1) All short-term investments are classified as available-for-sale and stated at fair value. Unrealized gains and losses are recorded in accumulated other comprehensive loss at each reporting period. There were no credit losses. (2) American’s short-term investments mature in one year or less except for $286 million of bank notes/certificates of deposit/time deposits and $70 million of corporate obligations. (3) Long-term investments primarily include American's equity investment in China Southern Airlines, in which American presently owns a 1.8% equity interest, and are classified in other assets on the condensed consolidated balance sheet. (4) Restricted cash and short-term investments primarily includes money market funds to be used to finance a substantial portion of the cost of the renovation and expansion of Terminal 8 at JFK and collateral held to support workers' compensation obligations.
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): September 30, 2020 December 31, 2019 Carrying Fair Carrying Fair Long-term debt, including current maturities $ 28,607 $ 24,585 $ 22,372 $ 23,196

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2020
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 September 30, 2020 2019 2020 2019 Service cost $ 1 $ 1 $ 2 $ 1 Interest cost 154 175 8 9 Expected return on assets (253) (204) (3) (4) Special termination benefits — — 410 — Settlements — — — — Amortization of: Prior service cost (benefit) 7 7 (33) (59) Unrecognized net loss (gain) 41 37 (5) (8) Net periodic benefit cost (income) $ (50) $ 16 $ 379 $ (61) Pension Benefits Retiree Medical and Other Nine Months Ended September 30, 2020 2019 2020 2019 Service cost $ 3 $ 2 $ 5 $ 3 Interest cost 461 527 22 26 Expected return on assets (757) (611) (9) (12) Special termination benefits — — 410 — Settlements 4 — — — Amortization of: Prior service cost (benefit) 21 21 (139) (177) Unrecognized net loss (gain) 124 113 (17) (24) Net periodic benefit cost (income) $ (144) $ 52 $ 272 $ (184)
American Airlines, Inc.
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 September 30, 2020 2019 2020 2019 Service cost $ 1 $ 1 $ 2 $ 1 Interest cost 153 174 8 9 Expected return on assets (252) (203) (3) (4) Special termination benefits — — 410 — Settlements — — — — Amortization of: Prior service cost (benefit) 7 7 (33) (59) Unrecognized net loss (gain) 41 37 (5) (8) Net periodic benefit cost (income) $ (50) $ 16 $ 379 $ (61) Pension Benefits Retiree Medical and Other Nine Months Ended September 30, 2020 2019 2020 2019 Service cost $ 2 $ 2 $ 5 $ 3 Interest cost 459 524 22 26 Expected return on assets (754) (609) (9) (12) Special termination benefits — — 410 — Settlements 4 — — — Amortization of: Prior service cost (benefit) 21 21 (139) (177) Unrecognized net loss (gain) 123 113 (17) (24) Net periodic benefit cost (income) $ (145) $ 51 $ 272 $ (184)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2020
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 Loss on Investments Income Tax Benefit (Provision) (1) Total Balance at December 31, 2019 $ (5,238) $ (2) $ (1,091) $ (6,331) Other comprehensive income (loss) before (180) — 41 (139) Amounts reclassified from AOCI (7) — 1 (2) (6) Net current-period other comprehensive income (187) — 42 (145) Balance at September 30, 2020 $ (5,425) $ (2) $ (1,049) $ (6,476) (1) Relates principally to pension, retiree medical and other postretirement benefits obligations that will not be recognized in net income (loss) 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 (benefit) 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 September 30, Nine Months Ended 2020 2019 2020 2019 Amortization of pension, retiree medical Prior service benefit $ (20) $ (40) $ (91) $ (121) Nonoperating other income (expense), net Actuarial loss 28 22 85 69 Nonoperating other income (expense), net Total reclassifications for the period, $ 8 $ (18) $ (6) $ (52)
American Airlines, Inc.
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 Loss on Investments Income Tax Benefit (Provision) (1) Total Balance at December 31, 2019 $ (5,218) $ (2) $ (1,203) $ (6,423) Other comprehensive income (loss) before (180) — 41 (139) Amounts reclassified from AOCI (8) — 1 (2) (7) Net current-period other comprehensive income (188) — 42 (146) Balance at September 30, 2020 $ (5,406) $ (2) $ (1,161) $ (6,569) (1) Relates principally to pension, retiree medical and other postretirement benefits obligations that will not be recognized in net income (loss) 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 (benefit) 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 September 30, Nine Months Ended 2020 2019 2020 2019 Amortization of pension, retiree medical Prior service benefit $ (20) $ (40) $ (91) $ (121) Nonoperating other income (expense), net Actuarial loss 27 22 84 69 Nonoperating other income (expense), net Total reclassifications for the period, $ 7 $ (18) $ (7) $ (52)

Regional Expenses (Tables)

Regional Expenses (Tables)	9 Months Ended
	Sep. 30, 2020
Regional Expenses [Line Items]
Components of Regional Expenses	Regional expenses consist of the following (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Aircraft fuel and related taxes $ 158 $ 485 $ 638 $ 1,395 Salaries, wages and benefits 379 461 1,218 1,310 Capacity purchases from third-party regional carriers (1) 233 354 765 1,046 Maintenance, materials and repairs 72 108 244 303 Other rent and landing fees 112 167 369 495 Aircraft rent 3 8 11 23 Selling expenses 27 102 121 299 Depreciation and amortization 79 84 247 246 Special items, net (224) 6 (309) 6 Other 75 158 334 459 Total regional expenses $ 914 $ 1,933 $ 3,638 $ 5,582 (1) During the three months ended September 30, 2020 and 2019, we recognized $102 million and $150 million, respectively, of expense under our capacity purchase agreement with Republic Airways Inc. (Republic). During the nine months ended September 30, 2020 and 2019, we recognized $313 million and $442 million, respectively, of expense under our capacity purchase agreement with Republic. We hold a 25% equity interest in Republic Airways Holdings Inc., the parent company of Republic.
American Airlines, Inc.
Regional Expenses [Line Items]
Components of Regional Expenses	Regional expenses consist of the following (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Aircraft fuel and related taxes $ 158 $ 485 $ 638 $ 1,395 Salaries, wages and benefits 59 76 214 241 Capacity purchases from third-party regional carriers (1) 622 900 2,105 2,665 Maintenance, materials and repairs (4) 14 2 23 Other rent and landing fees 106 159 347 472 Aircraft rent 3 8 11 23 Selling expenses 27 102 121 299 Depreciation and amortization 66 72 207 210 Special items, net (228) — (338) — Other 43 97 193 288 Total regional expenses $ 852 $ 1,913 $ 3,500 $ 5,616 (1) During the three months ended September 30, 2020 and 2019, American recognized $102 million and $150 million, respectively, of expense under its capacity purchase agreement with Republic Airways Inc. (Republic). During the nine months ended September 30, 2020 and 2019, American recognized $313 million and $442 million, respectively, of expense under its capacity purchase agreement with 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)	9 Months Ended
	Sep. 30, 2020
American Airlines, Inc.
Entity Information [Line Items]
Summary of Net Receivables (Payables) to Related Parties	The following represents the net receivables (payables) to related parties (in millions): September 30, 2020 December 31, 2019 AAG (1) $ 11,212 $ 14,597 AAG’s wholly-owned subsidiaries (2) (2,029) (2,146) Total $ 9,183 $ 12,451 (1) The decrease in American’s net related party receivable from AAG is primarily due to cash received from the proceeds of AAG financing transactions including the PSP Promissory Note, the 6.50% convertible senior notes and the issuance of 85.2 million shares of AAG common stock pursuant to a public stock offering. (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 Pronouncement (Details)	Sep. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2020USD ($)shares	Apr. 30, 2020USD ($)	May 31, 2020USD ($)	Dec. 31, 2020	Sep. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2020USD ($)shares	Mar. 31, 2020USD ($)	Sep. 30, 2020USD ($)$ / sharesshares	Sep. 30, 2020USD ($)$ / sharesshares	Sep. 30, 2020USD ($)employee$ / sharesshares	Sep. 30, 2019USD ($)	Dec. 31, 2020USD ($)	Oct. 21, 2020USD ($)shares	Oct. 01, 2020employee	Sep. 29, 2020USD ($)shares	Sep. 25, 2020USD ($)$ / shares	Jul. 30, 2020shares	May 29, 2020shares	Apr. 20, 2020shares	Feb. 29, 2020USD ($)	Jan. 31, 2020USD ($)
Unusual or Infrequent Item, or Both [Line Items]
Decrease in revenue compared to prior year period (in percentage)						73.00%	86.00%	20.00%
Decrease in flying compared to prior year period (in percentage)						(59.00%)
Number of positions eliminated | employee											5,100
Number of positions eliminated, percent											30.00%
Number of team members opting for early retirement or long-term paid leave (more than) | employee											20,000
Available liquidity	$ 13,600,000,000					$ 13,600,000,000			$ 13,600,000,000	$ 13,600,000,000	$ 13,600,000,000
Unrestricted cash and short-term investments	8,300,000,000					8,300,000,000			8,300,000,000	8,300,000,000	8,300,000,000
Line of credit facility, remaining borrowing capacity	$ 5,327,000,000					$ 5,327,000,000			$ 5,327,000,000	$ 5,327,000,000	$ 5,327,000,000
Issuance of shares of AAG common stock pursuant to a public stock offering (in shares) | shares							85,215,000				85,200,000
Price per share (in dollars per share) | $ / shares	$ 13.50					$ 13.50			$ 13.50	$ 13.50	$ 13.50
Issuance of AAG common stock pursuant to a public stock offering, net of offering costs							$ 1,113,000,000				$ 1,100,000,000
Proceeds from issuance of long-term debt											11,564,000,000	$ 3,550,000,000
Minimum liquidity	$ 2,000,000,000					$ 2,000,000,000			$ 2,000,000,000	$ 2,000,000,000	2,000,000,000
Financial assistance, CARES Act						(2,100,000,000)					(4,200,000,000)
Subsequent Event
Unusual or Infrequent Item, or Both [Line Items]
Number of team members furloughed | employee															19,000
United States Government, CARES Act, Payroll Support Program
Unusual or Infrequent Item, or Both [Line Items]
Approved financial assistance under the CARES Act			$ 5,800,000,000
Financial assistance received under the CARES Act	168,000,000								6,000,000,000
Financial assistance, CARES Act										4,200,000,000
Forecast
Unusual or Infrequent Item, or Both [Line Items]
Decrease in flying compared to prior year period (in percentage)					50.00%
Decrease in long-haul international capacity (in percentage)					0.75
Estimated reduction in operating and capital expenditures													$ 17,000,000,000
Increase in liquidity from deferral of payroll taxes under CARES Act													$ 300,000,000
Payroll Support Program Promissory Note
Unusual or Infrequent Item, or Both [Line Items]
Aggregate principal issued	$ 1,800,000,000					$ 1,800,000,000			$ 1,800,000,000	$ 1,800,000,000	$ 1,800,000,000					$ 1,700,000,000
Warrants, number of warrant shares of common stock | shares	14,100,000					14,100,000			14,100,000	14,100,000	14,100,000					13,700,000
Warrants, fair value	$ 63,000,000					$ 63,000,000			$ 63,000,000	$ 63,000,000	$ 63,000,000
Exercise price of warrants (in dollars per share) | $ / shares	$ 12.51					$ 12.51			$ 12.51	$ 12.51	$ 12.51
Treasury Loan Warrants
Unusual or Infrequent Item, or Both [Line Items]
Warrant, number of shares of common stock (in shares) | shares	4,400,000					4,400,000			4,400,000	4,400,000	4,400,000
Exercise price of warrants (in dollars per share) | $ / shares																	$ 12.51
Additional warrants, percentage of borrowing	0.10					0.10			0.10	0.10	0.10
Treasury Loan Warrants | Subsequent Event
Unusual or Infrequent Item, or Both [Line Items]
Warrants, number of warrant shares of common stock | shares														60,000,000
Secured Debt | 11.75% Senior Notes
Unusual or Infrequent Item, or Both [Line Items]
Fixed interest rate per annum	11.75%					11.75%			11.75%	11.75%	11.75%
Senior Notes | 3.75% Senior Notes
Unusual or Infrequent Item, or Both [Line Items]
Aggregate principal issued																					$ 500,000,000
Fixed interest rate per annum																					3.75%
Senior Notes | 4.625% Senior Notes
Unusual or Infrequent Item, or Both [Line Items]
Fixed interest rate per annum								4.625%
Repayments of senior notes											$ 500,000,000
Senior Notes | 6.50% Senior Notes
Unusual or Infrequent Item, or Both [Line Items]
Aggregate principal issued	$ 1,000,000,000	$ 1,000,000,000				$ 1,000,000,000	$ 1,000,000,000		$ 1,000,000,000	$ 1,000,000,000	1,000,000,000
Fixed interest rate per annum		6.50%					6.50%
Proceeds from issuance of long-term debt		$ 970,000,000
Revolving Credit Facility
Unusual or Infrequent Item, or Both [Line Items]
Line of credit facility, remaining borrowing capacity	400,000,000					400,000,000			400,000,000	400,000,000	400,000,000
Line of Credit
Unusual or Infrequent Item, or Both [Line Items]
Line of credit facility, remaining borrowing capacity	4,927,000,000					4,927,000,000			4,927,000,000	4,927,000,000	4,927,000,000
Line of Credit | Treasury Loan Agreement, CARES Act
Unusual or Infrequent Item, or Both [Line Items]
Line of credit facility, remaining borrowing capacity	4,900,000,000					4,900,000,000			4,900,000,000	4,900,000,000	4,900,000,000
Line of credit facility, maximum borrowing capacity	5,500,000,000					5,500,000,000			5,500,000,000	5,500,000,000	5,500,000,000						$ 5,500,000,000
Borrowings from credit facilities											550,000,000
Line of Credit | Treasury Loan Restatement Agreement, CARES Act | Subsequent Event
Unusual or Infrequent Item, or Both [Line Items]
Line of credit facility, maximum borrowing capacity														$ 7,500,000,000
American Airlines, Inc.
Unusual or Infrequent Item, or Both [Line Items]
Available liquidity	13,600,000,000					13,600,000,000			13,600,000,000	13,600,000,000	13,600,000,000
Unrestricted cash and short-term investments	8,300,000,000					8,300,000,000			8,300,000,000	8,300,000,000	8,300,000,000
Line of credit facility, remaining borrowing capacity	$ 5,327,000,000					$ 5,327,000,000			$ 5,327,000,000	$ 5,327,000,000	$ 5,327,000,000
Issuance of shares of AAG common stock pursuant to a public stock offering (in shares) | shares											85,200,000
Proceeds from issuance of long-term debt											$ 8,743,000,000	$ 2,800,000,000
American Airlines, Inc. | Secured Debt | 11.75% Senior Notes
Unusual or Infrequent Item, or Both [Line Items]
Fixed interest rate per annum	11.75%					11.75%			11.75%	11.75%	11.75%
American Airlines, Inc. | Secured Debt | Delayed Draw Term Loan Facility
Unusual or Infrequent Item, or Both [Line Items]
Line of credit facility, maximum borrowing capacity								$ 1,000,000,000
American Airlines, Inc. | Secured Debt | Special Facility Revenue Bonds
Unusual or Infrequent Item, or Both [Line Items]
Repayments of long-term debt		47,000,000
Proceeds from issuance of long-term debt		353,000,000
American Airlines, Inc. | Secured Debt | Equipment Loans and Other Notes Payable Maturing 2029 Through 2032
Unusual or Infrequent Item, or Both [Line Items]
Proceeds from sale-leaseback transactions											$ 392,000,000
Proceeds from issuance of long-term debt											197,000,000
American Airlines, Inc. | Secured Debt | Enhanced Equipment Trust Certificates and Other Equipment Financing
Unusual or Infrequent Item, or Both [Line Items]
Proceeds from issuance of long-term debt											323,000,000
American Airlines, Inc. | Secured Debt | Equipment Loans and Other Notes Payable
Unusual or Infrequent Item, or Both [Line Items]
Repayments of long-term debt											17,000,000
American Airlines, Inc. | Senior Notes | 11.75% Senior Notes
Unusual or Infrequent Item, or Both [Line Items]
Aggregate principal issued		$ 2,500,000,000					$ 2,500,000,000
Fixed interest rate per annum		11.75%					11.75%
American Airlines, Inc. | Senior Notes | Special Facility Revenue Bonds
Unusual or Infrequent Item, or Both [Line Items]
Aggregate principal issued		$ 360,000,000					$ 360,000,000
American Airlines, Inc. | Senior Notes | 10.75% Senior Secured Notes
Unusual or Infrequent Item, or Both [Line Items]
Aggregate principal issued	$ 1,200,000,000					$ 1,200,000,000			$ 1,200,000,000	$ 1,200,000,000	1,200,000,000
Fixed interest rate per annum																	10.75%
American Airlines, Inc. | Revolving Credit Facility
Unusual or Infrequent Item, or Both [Line Items]
Line of credit facility, remaining borrowing capacity	400,000,000					400,000,000			400,000,000	400,000,000	400,000,000
American Airlines, Inc. | Revolving Credit Facility | Secured Debt | 2014 Credit Facilities
Unusual or Infrequent Item, or Both [Line Items]
Line of credit facility, maximum borrowing capacity																						$ 1,200,000,000
Borrowings from credit facilities				$ 1,600,000,000
American Airlines, Inc. | Revolving Credit Facility | Secured Debt | April 2016 Credit Facilities
Unusual or Infrequent Item, or Both [Line Items]
Line of credit facility, remaining borrowing capacity			0
Borrowings from credit facilities			450,000,000
American Airlines, Inc. | Revolving Credit Facility | Secured Debt | 2013 Credit Facilities
Unusual or Infrequent Item, or Both [Line Items]
Line of credit facility, remaining borrowing capacity			0	$ 0
Borrowings from credit facilities			$ 750,000,000
American Airlines, Inc. | Line of Credit
Unusual or Infrequent Item, or Both [Line Items]
Line of credit facility, remaining borrowing capacity	4,927,000,000					4,927,000,000			4,927,000,000	4,927,000,000	4,927,000,000
American Airlines, Inc. | Line of Credit | Treasury Loan Agreement, CARES Act
Unusual or Infrequent Item, or Both [Line Items]
Line of credit facility, remaining borrowing capacity	$ 4,900,000,000					$ 4,900,000,000			$ 4,900,000,000	$ 4,900,000,000	4,900,000,000
Line of credit facility, maximum borrowing capacity																	$ 5,500,000,000
Borrowings from credit facilities											$ 550,000,000
American Airlines, Inc. | Line of Credit | Treasury Loan Agreement, CARES Act | Subsequent Event
Unusual or Infrequent Item, or Both [Line Items]
Line of credit facility, maximum borrowing capacity														$ 7,500,000,000
Warrants Tranche 1 | Payroll Support Program Promissory Note
Unusual or Infrequent Item, or Both [Line Items]
Warrant, number of shares of common stock (in shares) | shares																				6,700,000
Warrants Tranche 2 | Payroll Support Program Promissory Note
Unusual or Infrequent Item, or Both [Line Items]
Warrant, number of shares of common stock (in shares) | shares																			2,800,000
Warrants Tranche 3 | Payroll Support Program Promissory Note
Unusual or Infrequent Item, or Both [Line Items]
Warrant, number of shares of common stock (in shares) | shares		2,800,000					2,800,000
Warrants Tranche 4 | Payroll Support Program Promissory Note
Unusual or Infrequent Item, or Both [Line Items]
Warrant, number of shares of common stock (in shares) | shares																		1,400,000
Warrants Tranche 5 | Payroll Support Program Promissory Note
Unusual or Infrequent Item, or Both [Line Items]
Warrant, number of shares of common stock (in shares) | shares	400,000					400,000			400,000	400,000	400,000

Special Items, Net (Details)

Special Items, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Restructuring Cost and Reserve [Line Items]
Operating special items, net	$ (519)	$ 234	$ (966)	$ 493
Mark-to-market adjustments on equity and other investments, net	(21)	45	159	37
Debt refinancing, extinguishment and other charges	0	(1)	48	6
Nonoperating special items, net	(21)	44	207	43
Payments for salary and medical costs	120		170
Write-down of aircraft and spare parts	709		1,500
Write-offs of ROU assets and lease return costs	33		109
American Airlines, Inc.
Restructuring Cost and Reserve [Line Items]
Operating special items, net	(523)	228	(995)	487
Mark-to-market adjustments on equity and other investments, net	(21)	45	159	37
Debt refinancing, extinguishment and other charges	0	7	48	14
Nonoperating special items, net	(21)	52	207	51
Payments for salary and medical costs	120		170
Write-down of aircraft and spare parts	709		1,500
Write-offs of ROU assets and lease return costs	33		109
Mainline
Restructuring Cost and Reserve [Line Items]
PSP Financial Assistance	(1,908)	0	(3,710)	0
Severance expenses	871	0	1,408	0
Fleet impairment	742	201	1,484	201
Labor contract expenses	0	0	228	0
Mark-to-market adjustments on bankruptcy obligations, net	0	(22)	(49)	(18)
Fleet restructuring expenses	0	72	0	232
Litigation reserve adjustments	0	(53)	0	(53)
Merger integration expenses	0	29	0	106
Other operating special items, net	0	1	(18)	19
Operating special items, net	(295)	228	(657)	487
Mainline | American Airlines, Inc.
Restructuring Cost and Reserve [Line Items]
PSP Financial Assistance	(1,908)	0	(3,710)	0
Severance expenses	871	0	1,408	0
Fleet impairment	742	201	1,484	201
Labor contract expenses	0	0	228	0
Mark-to-market adjustments on bankruptcy obligations, net	0	(22)	(49)	(18)
Fleet restructuring expenses	0	72	0	232
Litigation reserve adjustments	0	(53)	0	(53)
Merger integration expenses	0	29	0	106
Other operating special items, net	0	1	(18)	19
Operating special items, net	(295)	228	(657)	487
Regional Carrier
Restructuring Cost and Reserve [Line Items]
PSP Financial Assistance	(228)	0	(444)	0
Severance expenses	4	0	18	0
Fleet impairment	0	0	117	0
Other operating special items, net	0	6	0	6
Operating special items, net	(224)	6	(309)	6
Regional Carrier | American Airlines, Inc.
Restructuring Cost and Reserve [Line Items]
PSP Financial Assistance	(228)	0	(444)	0
Fleet impairment	0	0	106	0
Operating special items, net	$ (228)	$ 0	$ (338)	$ 0

Earnings (Loss) Per Common Sh_3

Earnings (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Basic EPS:
Net income (loss)	$ (2,399)	$ (2,067)	$ (2,241)	$ 425	$ 662	$ 185	$ (6,707)	$ 1,272
Weighted average common shares outstanding (in shares)	509,049			441,915			454,523	446,291
Basic EPS (in dollars per share)	$ (4.71)			$ 0.96			$ (14.76)	$ 2.85
Diluted EPS:
Net income (loss) for purposes of computing diluted EPS	$ (2,399)			$ 425			$ (6,707)	$ 1,272
Share computation for diluted EPS:
Basic weighted average common shares outstanding (in shares)	509,049			441,915			454,523	446,291
Dilutive effect of stock awards (in shares)	0			486			0	848
Diluted weighted average common shares outstanding (in shares)	509,049			442,401			454,523	447,139
Diluted EPS (in dollars per share)	$ (4.71)			$ 0.96			$ (14.76)	$ 2.84
Restricted stock unit awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	4,559			2,590			5,091	2,648
PSP Warrants | Payroll Support Program Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	25			0			2,131	0
PSP Warrants | Treasury Loan Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	1			0			0	0
6.50% convertible senior notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	61,728			0			21,933	0

Share Repurchase Programs and_2

Share Repurchase Programs and Cash Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	Feb. 19, 2020	Jan. 31, 2020	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Equity [Abstract]
Stock repurchased (in shares)				6,378,025	7,275,610		16,947,393	6,400,000
Aggregate stock repurchase price				$ 145	$ 201		$ 610	$ 145
Average cost per share (in dollars per share)								$ 22.77
Cash dividends declared per common share (in dollars per share)		$ 0.10	$ 0	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.30
Payment of dividends	$ 43

Revenue Recognition - Significa

Revenue Recognition - Significant Categories of Reported Operating Revenues (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue from External Customer [Line Items]
Operating revenues	$ 3,173	$ 11,911	$ 13,309	$ 34,455
Passenger
Revenue from External Customer [Line Items]
Operating revenues	2,540	10,995	11,328	31,663
Passenger travel
Revenue from External Customer [Line Items]
Operating revenues	2,407	10,226	10,491	29,215
Loyalty revenue - travel
Revenue from External Customer [Line Items]
Operating revenues	133	769	837	2,448
Cargo
Revenue from External Customer [Line Items]
Operating revenues	207	208	484	647
Other
Revenue from External Customer [Line Items]
Operating revenues	426	708	1,497	2,145
Loyalty revenue - marketing services
Revenue from External Customer [Line Items]
Operating revenues	389	570	1,317	1,742
Other revenue
Revenue from External Customer [Line Items]
Operating revenues	37	138	180	403
American Airlines, Inc.
Revenue from External Customer [Line Items]
Operating revenues	3,172	11,910	13,308	34,449
American Airlines, Inc. | Passenger
Revenue from External Customer [Line Items]
Operating revenues	2,540	10,995	11,328	31,663
American Airlines, Inc. | Passenger travel
Revenue from External Customer [Line Items]
Operating revenues	2,407	10,226	10,491	29,215
American Airlines, Inc. | Loyalty revenue - travel
Revenue from External Customer [Line Items]
Operating revenues	133	769	837	2,448
American Airlines, Inc. | Cargo
Revenue from External Customer [Line Items]
Operating revenues	207	208	484	647
American Airlines, Inc. | Other
Revenue from External Customer [Line Items]
Operating revenues	425	707	1,496	2,139
American Airlines, Inc. | Loyalty revenue - marketing services
Revenue from External Customer [Line Items]
Operating revenues	389	570	1,317	1,742
American Airlines, Inc. | Other revenue
Revenue from External Customer [Line Items]
Operating revenues	$ 36	$ 137	$ 179	$ 397

Revenue Recognition - Passenger

Revenue Recognition - Passenger Revenue by Geographic Region (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Airline Destination Disclosure [Line Items]
Operating revenues	$ 3,173	$ 11,911	$ 13,309	$ 34,455
Passenger
Airline Destination Disclosure [Line Items]
Operating revenues	2,540	10,995	11,328	31,663
Passenger | Domestic
Airline Destination Disclosure [Line Items]
Operating revenues	2,296	7,814	9,102	23,048
Passenger | Latin America
Airline Destination Disclosure [Line Items]
Operating revenues	172	1,218	1,386	3,829
Passenger | Atlantic
Airline Destination Disclosure [Line Items]
Operating revenues	56	1,596	621	3,677
Passenger | Pacific
Airline Destination Disclosure [Line Items]
Operating revenues	16	367	219	1,109
American Airlines, Inc.
Airline Destination Disclosure [Line Items]
Operating revenues	3,172	11,910	13,308	34,449
American Airlines, Inc. | Passenger
Airline Destination Disclosure [Line Items]
Operating revenues	2,540	10,995	11,328	31,663
American Airlines, Inc. | Passenger | Domestic
Airline Destination Disclosure [Line Items]
Operating revenues	2,296	7,814	9,102	23,048
American Airlines, Inc. | Passenger | Latin America
Airline Destination Disclosure [Line Items]
Operating revenues	172	1,218	1,386	3,829
American Airlines, Inc. | Passenger | Atlantic
Airline Destination Disclosure [Line Items]
Operating revenues	56	1,596	621	3,677
American Airlines, Inc. | Passenger | Pacific
Airline Destination Disclosure [Line Items]
Operating revenues	$ 16	$ 367	$ 219	$ 1,109

Revenue Recognition - Signifi_2

Revenue Recognition - Significant Contract Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Contract balances, liability	$ 13,997	$ 13,423
Loyalty program liability
Disaggregation of Revenue [Line Items]
Contract balances, liability	9,094	8,615
Air traffic liability
Disaggregation of Revenue [Line Items]
Contract balances, liability	4,903	4,808
American Airlines, Inc.
Disaggregation of Revenue [Line Items]
Contract balances, liability	13,997	13,423
American Airlines, Inc. | Loyalty program liability
Disaggregation of Revenue [Line Items]
Contract balances, liability	9,094	8,615
American Airlines, Inc. | Air traffic liability
Disaggregation of Revenue [Line Items]
Contract balances, liability	$ 4,903	$ 4,808

Revenue Recognition - Changes i

Revenue Recognition - Changes in Loyalty Program Liability (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Movement In Contract With Customer, Liability [Roll Forward]
Beginning balance	$ 13,423
Ending balance	13,997
Loyalty program liability
Movement In Contract With Customer, Liability [Roll Forward]
Beginning balance	8,615
Deferral of revenue	1,456
Recognition of revenue	(977)
Ending balance	$ 9,094
Inactive period before expiration of mileage credits	18 months
Deferred revenue, current	$ 2,051	$ 3,193
Revenue recognition term	12 months
American Airlines, Inc.
Movement In Contract With Customer, Liability [Roll Forward]
Beginning balance	$ 13,423
Ending balance	13,997
American Airlines, Inc. | Loyalty program liability
Movement In Contract With Customer, Liability [Roll Forward]
Beginning balance	8,615
Deferral of revenue	1,456
Recognition of revenue	(977)
Ending balance	9,094
Deferred revenue, current	$ 2,051	$ 3,193

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - Air traffic liability $ in Billions	9 Months Ended
	Sep. 30, 2020USD ($)
Disaggregation of Revenue [Line Items]
Contract term	one year
Recognition of revenue	$ 2.8
Revenue recognition term	12 months
Travel credits related to unused tickets	$ 2.5
New revenue recognition term in response to Covid-10	15 months
American Airlines, Inc.
Disaggregation of Revenue [Line Items]
Recognition of revenue	$ 2.8

Debt - Components of Long-Term

Debt - Components of Long-Term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2020	May 31, 2020	Feb. 29, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total long-term debt	$ 32,983			$ 23,856
Less: Total unamortized debt discount, premium and issuance costs	780			211
Less: Current maturities	2,610			2,749
Long-term debt, net of current maturities	29,593			20,896
Secured Debt
Debt Instrument [Line Items]
Total long-term debt	28,968			22,606
Secured Debt | 2013 Credit Facilities
Debt Instrument [Line Items]
Total long-term debt	$ 1,788			1,807
Variable interest rate	1.89%
Secured Debt | 2013 Credit Facilities | Other Short-term Revolving Facility
Debt Instrument [Line Items]
Total long-term debt	$ 750			0
Variable interest rate	2.16%
Secured Debt | 2014 Credit Facilities
Debt Instrument [Line Items]
Total long-term debt	$ 1,220			1,202
Variable interest rate	1.90%
Secured Debt | 2014 Credit Facilities | Other Short-term Revolving Facility
Debt Instrument [Line Items]
Total long-term debt	$ 1,643			0
Variable interest rate	2.16%
Secured Debt | April 2016 Credit Facilities
Debt Instrument [Line Items]
Total long-term debt	$ 960			970
Variable interest rate	2.15%
Secured Debt | April 2016 Credit Facilities | Other Short-term Revolving Facility
Debt Instrument [Line Items]
Total long-term debt	$ 450			0
Variable interest rate	2.16%
Secured Debt | December 2016 Credit Facilities
Debt Instrument [Line Items]
Total long-term debt	$ 1,213			1,213
Variable interest rate	2.15%
Secured Debt | 11.75% Senior Notes
Debt Instrument [Line Items]
Total long-term debt	$ 2,500			0
Fixed interest rate per annum	11.75%
Secured Debt | Treasury Loan Agreement, CARES Act | Line of Credit
Debt Instrument [Line Items]
Total long-term debt	$ 550			0
Variable interest rate	3.73%
Secured Debt | 10.75% Senior Secured Notes, IP Notes
Debt Instrument [Line Items]
Total long-term debt	$ 1,000			0
Fixed interest rate per annum	10.75%
Secured Debt | 10.75% Senior Secured Notes, LGA/DCA Notes
Debt Instrument [Line Items]
Total long-term debt	$ 200			0
Fixed interest rate per annum	10.75%
Secured Debt | Enhanced Equipment Trust Certificates (EETC)
Debt Instrument [Line Items]
Total long-term debt	$ 11,146			11,933
Average interest rate	3.99%
Secured Debt | Enhanced Equipment Trust Certificates (EETC) | Minimum
Debt Instrument [Line Items]
Fixed interest rate per annum	3.00%
Secured Debt | Enhanced Equipment Trust Certificates (EETC) | Maximum
Debt Instrument [Line Items]
Fixed interest rate per annum	8.39%
Secured Debt | Equipment Loans and Other Notes Payable
Debt Instrument [Line Items]
Total long-term debt	$ 4,484			4,727
Average interest rate	1.88%
Secured Debt | Equipment Loans and Other Notes Payable | Minimum
Debt Instrument [Line Items]
Fixed interest rate per annum	1.33%
Secured Debt | Equipment Loans and Other Notes Payable | Maximum
Debt Instrument [Line Items]
Fixed interest rate per annum	5.83%
Secured Debt | Special Facility Revenue Bonds
Debt Instrument [Line Items]
Total long-term debt	$ 1,064			754
Secured Debt | Special Facility Revenue Bonds | Minimum
Debt Instrument [Line Items]
Fixed interest rate per annum	5.00%
Secured Debt | Special Facility Revenue Bonds | Maximum
Debt Instrument [Line Items]
Fixed interest rate per annum	8.00%
Unsecured Debt
Debt Instrument [Line Items]
Total long-term debt	$ 4,015			1,250
Unsecured Debt | Payroll Support Program Promissory Note
Debt Instrument [Line Items]
Total long-term debt	1,765			0
Unsecured Debt | 6.50% Senior Notes
Debt Instrument [Line Items]
Total long-term debt	$ 1,000			0
Fixed interest rate per annum	6.50%
Unsecured Debt | 5.000% Senior Notes
Debt Instrument [Line Items]
Total long-term debt	$ 750			750
Fixed interest rate per annum	5.00%
Unsecured Debt | 3.75% Senior Notes
Debt Instrument [Line Items]
Total long-term debt			$ 500	0
Unsecured Debt | 4.625% Senior Notes
Debt Instrument [Line Items]
Total long-term debt	$ 0			$ 500
Fixed interest rate per annum				4.625%
American Airlines, Inc.
Debt Instrument [Line Items]
Less: Total unamortized debt discount, premium and issuance costs	337			$ 205
Less: Current maturities	2,612			2,246
Long-term debt, net of current maturities	$ 25,995			20,126
American Airlines, Inc. | Treasury Loan Agreement, CARES Act | Line of Credit
Debt Instrument [Line Items]
Variable interest rate	3.73%
American Airlines, Inc. | Secured Debt
Debt Instrument [Line Items]
Total long-term debt	$ 28,944			22,577
American Airlines, Inc. | Secured Debt | 2013 Credit Facilities
Debt Instrument [Line Items]
Total long-term debt	$ 1,788			1,807
Variable interest rate	1.89%
American Airlines, Inc. | Secured Debt | 2013 Credit Facilities | Other Short-term Revolving Facility
Debt Instrument [Line Items]
Total long-term debt	$ 750			0
Variable interest rate	2.16%
American Airlines, Inc. | Secured Debt | 2014 Credit Facilities
Debt Instrument [Line Items]
Total long-term debt	$ 1,220			1,202
Variable interest rate	1.90%
American Airlines, Inc. | Secured Debt | 2014 Credit Facilities | Other Short-term Revolving Facility
Debt Instrument [Line Items]
Total long-term debt	$ 1,643			0
Variable interest rate	2.16%
American Airlines, Inc. | Secured Debt | April 2016 Credit Facilities
Debt Instrument [Line Items]
Total long-term debt	$ 960			970
Variable interest rate	2.15%
American Airlines, Inc. | Secured Debt | April 2016 Credit Facilities | Other Short-term Revolving Facility
Debt Instrument [Line Items]
Total long-term debt	$ 450			0
Variable interest rate	2.16%
American Airlines, Inc. | Secured Debt | December 2016 Credit Facilities
Debt Instrument [Line Items]
Total long-term debt	$ 1,213			1,213
Variable interest rate	2.15%
American Airlines, Inc. | Secured Debt | 11.75% Senior Notes
Debt Instrument [Line Items]
Total long-term debt	$ 2,500			0
Fixed interest rate per annum	11.75%
American Airlines, Inc. | Secured Debt | Treasury Loan Agreement, CARES Act | Line of Credit
Debt Instrument [Line Items]
Total long-term debt	$ 550			0
Variable interest rate	3.73%
American Airlines, Inc. | Secured Debt | 10.75% Senior Secured Notes, IP Notes
Debt Instrument [Line Items]
Total long-term debt	$ 1,000			0
Fixed interest rate per annum	10.75%
American Airlines, Inc. | Secured Debt | 10.75% Senior Secured Notes, LGA/DCA Notes
Debt Instrument [Line Items]
Total long-term debt	$ 200			0
Fixed interest rate per annum	10.75%
American Airlines, Inc. | Secured Debt | Enhanced Equipment Trust Certificates (EETC)
Debt Instrument [Line Items]
Total long-term debt	$ 11,146			11,933
Average interest rate	3.99%
American Airlines, Inc. | Secured Debt | Enhanced Equipment Trust Certificates (EETC) | Minimum
Debt Instrument [Line Items]
Fixed interest rate per annum	3.00%
American Airlines, Inc. | Secured Debt | Enhanced Equipment Trust Certificates (EETC) | Maximum
Debt Instrument [Line Items]
Fixed interest rate per annum	8.39%
American Airlines, Inc. | Secured Debt | Equipment Loans and Other Notes Payable
Debt Instrument [Line Items]
Total long-term debt	$ 4,484			4,727
Average interest rate	1.88%
American Airlines, Inc. | Secured Debt | Equipment Loans and Other Notes Payable | Minimum
Debt Instrument [Line Items]
Fixed interest rate per annum	1.33%
American Airlines, Inc. | Secured Debt | Equipment Loans and Other Notes Payable | Maximum
Debt Instrument [Line Items]
Fixed interest rate per annum	5.83%
American Airlines, Inc. | Secured Debt | Special Facility Revenue Bonds
Debt Instrument [Line Items]
Total long-term debt	$ 1,040			$ 725
American Airlines, Inc. | Secured Debt | Special Facility Revenue Bonds | Minimum
Debt Instrument [Line Items]
Fixed interest rate per annum	5.00%
American Airlines, Inc. | Secured Debt | Special Facility Revenue Bonds | Maximum
Debt Instrument [Line Items]
Fixed interest rate per annum	5.38%
American Airlines, Inc. | Unsecured Debt | 6.50% Senior Notes
Debt Instrument [Line Items]
Fixed interest rate per annum	6.50%
LIBOR | American Airlines, Inc. | Secured Debt | 2013 Credit Facilities | Other Short-term Revolving Facility
Debt Instrument [Line Items]
Fixed interest rate per annum		2.00%

Debt - Schedule of Line of Cred

Debt - Schedule of Line of Credit (Details) $ in Millions	Sep. 30, 2020USD ($)
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity	$ 5,327
American Airlines, Inc.
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity	5,327
Treasury Term Loan Facility
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity	4,927
Treasury Term Loan Facility | American Airlines, Inc.
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity	4,927
Other Short-term Revolving Facility
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity	400
Other Short-term Revolving Facility | American Airlines, Inc.
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity	$ 400

Debt - Components of Convertibl

Debt - Components of Convertible Debt (Details) - USD ($)	3 Months Ended	9 Months Ended
	Jun. 30, 2020	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Net carrying amount of 6.50% convertible senior notes		$ 29,593,000,000	$ 20,896,000,000
Additional paid-in capital	$ 320,000,000
Senior Notes | 6.50% Senior Notes
Debt Instrument [Line Items]
Principal amount of 6.50% convertible senior notes	$ 1,000,000,000	1,000,000,000
Unamortized debt discount		(430,000,000)
Net carrying amount of 6.50% convertible senior notes		570,000,000
Additional paid-in capital		$ 415,000,000

Debt - Narrative (Details)

Debt - Narrative (Details)	Sep. 25, 2020USD ($)	Apr. 30, 2020USD ($)	Jun. 30, 2020USD ($)$ / shares	Apr. 30, 2020USD ($)	Jan. 31, 2020USD ($)	May 31, 2020USD ($)	Sep. 30, 2020USD ($)Aircraftborrowing	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)Aircraftborrowing	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)Aircraft	Oct. 21, 2020USD ($)	Sep. 29, 2020USD ($)	Mar. 31, 2020USD ($)	Feb. 29, 2020USD ($)	Aug. 31, 2019USD ($)Aircraft
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity							$ 5,327,000,000		$ 5,327,000,000
Proceeds from issuance of long-term debt									11,564,000,000	$ 3,550,000,000
Costs of issuance									$ 132,000,000	51,000,000
Effective interest rate							20.00%		20.00%
Interest expense							$ 340,000,000	$ 284,000,000	$ 851,000,000	830,000,000
Payroll Support Program Promissory Note
Debt Instrument [Line Items]
Aggregate principal issued							$ 1,800,000,000		$ 1,800,000,000				$ 1,700,000,000
Payroll Support Program Promissory Note | United States Government, CARES Act, Payroll Support Program
Debt Instrument [Line Items]
Increase in debt instrument face amount for each disbursement received		30.00%
Secured Debt | 2014 Credit Facilities
Debt Instrument [Line Items]
Variable interest rate							1.90%		1.90%
Secured Debt | 2013 Credit Facilities
Debt Instrument [Line Items]
Variable interest rate							1.89%		1.89%
Secured Debt | April 2016 Credit Facilities
Debt Instrument [Line Items]
Variable interest rate							2.15%		2.15%
Secured Debt | 11.75% Senior Notes
Debt Instrument [Line Items]
Stated interest rate							11.75%		11.75%
Secured Debt | 10.75% Senior Secured Notes, IP Notes
Debt Instrument [Line Items]
Stated interest rate							10.75%		10.75%
Secured Debt | 10.75% Senior Secured Notes, LGA/DCA Notes
Debt Instrument [Line Items]
Stated interest rate							10.75%		10.75%
Secured Debt | Equipment Loans and Other Notes Payable
Debt Instrument [Line Items]
Average interest rate							1.88%		1.88%
Senior Notes | 6.50% Senior Notes
Debt Instrument [Line Items]
Stated interest rate			6.50%
Aggregate principal issued			$ 1,000,000,000				$ 1,000,000,000		$ 1,000,000,000
Issuance price percentage			100.00%
Debt redemption price percentage			100.00%
Proceeds from issuance of long-term debt			$ 970,000,000
Conversion ratio			0.0617284
Conversion price (in dollars per share) | $ / shares			$ 16.20
Conversion terms, percentage sales price exceeds conversion price			130.00%
Measurement period threshold trading price percentage			98.00%
Percent of holders that may declare debt due and payable			25.00%
Interest expense							30,000,000
Amortization of debt discount							14,000,000
Contractual coupon interest							16,000,000
Expected amortization of debt discount, 2020							13,000,000		13,000,000
Expected amortization of debt discount, 2021							63,000,000		63,000,000
Expected amortization of debt discount, 2022							77,000,000		77,000,000
Expected amortization of debt discount, 2023							95,000,000		95,000,000
Expected amortization of debt discount, 2024							116,000,000		116,000,000
Expected amortization of debt discount, 2025							66,000,000		66,000,000
Senior Notes | 3.75% Senior Notes
Debt Instrument [Line Items]
Stated interest rate															3.75%
Aggregate principal issued															$ 500,000,000
Line of Credit
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity							4,927,000,000		4,927,000,000
Line of Credit | Treasury Loan Agreement, CARES Act
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 5,500,000,000						5,500,000,000		5,500,000,000
Borrowings from credit facilities									550,000,000
Line of credit facility, remaining borrowing capacity							$ 4,900,000,000		$ 4,900,000,000
Line of Credit | Secured Debt | Treasury Loan Agreement, CARES Act
Debt Instrument [Line Items]
Variable interest rate							3.73%		3.73%
Other Short-term Revolving Facility
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity							$ 400,000,000		$ 400,000,000
Other Short-term Revolving Facility | Secured Debt | 2014 Credit Facilities
Debt Instrument [Line Items]
Variable interest rate							2.16%		2.16%
Other Short-term Revolving Facility | Secured Debt | 2013 Credit Facilities
Debt Instrument [Line Items]
Variable interest rate							2.16%		2.16%
Other Short-term Revolving Facility | Secured Debt | April 2016 Credit Facilities
Debt Instrument [Line Items]
Variable interest rate							2.16%		2.16%
American Airlines, Inc.
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity							$ 5,327,000,000		$ 5,327,000,000
Proceeds from issuance of long-term debt									8,743,000,000	2,800,000,000
Costs of issuance									122,000,000	41,000,000
Interest expense							$ 310,000,000	$ 281,000,000	$ 825,000,000	$ 835,000,000
American Airlines, Inc. | Secured Debt | 2014 Credit Facilities
Debt Instrument [Line Items]
Variable interest rate							1.90%		1.90%
American Airlines, Inc. | Secured Debt | 2013 Credit Facilities
Debt Instrument [Line Items]
Variable interest rate							1.89%		1.89%
American Airlines, Inc. | Secured Debt | April 2016 Credit Facilities
Debt Instrument [Line Items]
Variable interest rate							2.15%		2.15%
American Airlines, Inc. | Secured Debt | Delayed Draw Term Loan Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity														$ 1,000,000,000
American Airlines, Inc. | Secured Debt | 11.75% Senior Notes
Debt Instrument [Line Items]
Stated interest rate							11.75%		11.75%
Issuance price percentage			99.00%
Debt redemption price percentage			100.00%
American Airlines, Inc. | Secured Debt | Special Facility Revenue Bonds
Debt Instrument [Line Items]
Issuance price percentage			98.00%
Proceeds from issuance of long-term debt			$ 353,000,000
Costs of issuance			8,000,000
Repayments of long-term debt			47,000,000
Reimbursement of costs			$ 17,000,000
American Airlines, Inc. | Secured Debt | 5.25% Senior Notes
Debt Instrument [Line Items]
Stated interest rate			5.25%
Aggregate principal issued			$ 214,000,000
American Airlines, Inc. | Secured Debt | 5.375% Senior Notes
Debt Instrument [Line Items]
Stated interest rate			5.375%
Aggregate principal issued			$ 146,000,000
American Airlines, Inc. | Secured Debt | 10.75% Senior Secured Notes, IP Notes
Debt Instrument [Line Items]
Stated interest rate							10.75%		10.75%
American Airlines, Inc. | Secured Debt | 10.75% Senior Secured Notes, LGA/DCA Notes
Debt Instrument [Line Items]
Stated interest rate							10.75%		10.75%
American Airlines, Inc. | Secured Debt | Equipment Loans and Other Notes Payable Maturing 2029 Through 2032
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt									$ 197,000,000
Average interest rate							1.88%		1.88%
American Airlines, Inc. | Secured Debt | Equipment Loans and Other Notes Payable
Debt Instrument [Line Items]
Repayments of long-term debt									$ 17,000,000
Average interest rate							1.88%		1.88%
American Airlines, Inc. | Senior Notes | 11.75% Senior Notes
Debt Instrument [Line Items]
Stated interest rate			11.75%
Aggregate principal issued			$ 2,500,000,000
American Airlines, Inc. | Senior Notes | Special Facility Revenue Bonds
Debt Instrument [Line Items]
Aggregate principal issued			$ 360,000,000
American Airlines, Inc. | Senior Notes | 10.75% Senior Secured Notes
Debt Instrument [Line Items]
Stated interest rate	10.75%
Aggregate principal issued							$ 1,200,000,000		$ 1,200,000,000
Alternative interest rate	0.1200
American Airlines, Inc. | Senior Notes | 10.75% Senior Secured Notes | On or Prior to the Fourth Anniversary
Debt Instrument [Line Items]
Debt redemption price percentage	100.00%
American Airlines, Inc. | Senior Notes | 10.75% Senior Secured Notes | After the Fourth Anniversary and On or Prior to the Fifth Anniversary
Debt Instrument [Line Items]
Debt redemption price percentage	105.375%
American Airlines, Inc. | Senior Notes | 10.75% Senior Secured Notes | In the Event of Specified Change of Control
Debt Instrument [Line Items]
Debt redemption price percentage	101.00%
American Airlines, Inc. | Payment in Kind (PIK) Note | 10.75% Senior Secured Notes, IP Notes
Debt Instrument [Line Items]
Aggregate principal issued	$ 1,000,000,000
Additional pari passu debt	4,000,000,000
American Airlines, Inc. | Payment in Kind (PIK) Note | 10.75% Senior Secured Notes, LGA/DCA Notes
Debt Instrument [Line Items]
Aggregate principal issued	200,000,000
American Airlines, Inc. | Enhanced Equipment Trust Certificates (EETC)
Debt Instrument [Line Items]
Repayments of long-term debt											$ 608,000,000
American Airlines, Inc. | Enhanced Equipment Trust Certificates (EETC) | Enhanced Equipment Trust Certificates 2019-1
Debt Instrument [Line Items]
Aggregate principal issued																$ 1,100,000,000
Repayments of long-term debt							$ 126,000,000				$ 804,000,000
Number of aircraft financed by debt issuance | Aircraft																35
Number of aircrafts financed through repurchased debt | Aircraft							3		3		28
Remaining escrowed proceeds							$ 168,000,000		$ 168,000,000
American Airlines, Inc. | Line of Credit
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity							4,927,000,000		4,927,000,000
American Airlines, Inc. | Line of Credit | Treasury Loan Agreement, CARES Act
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 5,500,000,000
Borrowings from credit facilities									550,000,000
Line of credit facility, remaining borrowing capacity							$ 4,900,000,000		$ 4,900,000,000
Number of subsequent borrowings | borrowing							2		2
Variable interest rate							3.73%		3.73%
Required collateral coverage ratio	1.6
Current collateral coverage ratio (significantly in excess of)	2
Minimum aggregate liquidity	$ 2,000,000,000
American Airlines, Inc. | Line of Credit | Treasury Loan Agreement, CARES Act | Subsequent Event
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity												$ 7,500,000,000
American Airlines, Inc. | Line of Credit | Treasury Loan Agreement, CARES Act | Debt Service Coverage Ratio, Scenario One
Debt Instrument [Line Items]
Debt service coverage ratio	1.75
American Airlines, Inc. | Line of Credit | Treasury Loan Agreement, CARES Act | Debt Service Coverage Ratio, Scenario Two
Debt Instrument [Line Items]
Debt service coverage ratio	1.50
American Airlines, Inc. | Line of Credit | Treasury Loan Agreement, CARES Act | Debt Service Coverage Ratio, Scenario Three
Debt Instrument [Line Items]
Debt service coverage ratio	1.25
American Airlines, Inc. | Line of Credit | Treasury Loan Agreement, CARES Act | Escrow Deposit Percentage, Scenario One
Debt Instrument [Line Items]
Percentage of certain revenues in blocked account	0.50
American Airlines, Inc. | Line of Credit | Treasury Loan Agreement, CARES Act | Escrow Deposit Percentage, Scenario Two
Debt Instrument [Line Items]
Percentage of certain revenues in blocked account	0.75
American Airlines, Inc. | Line of Credit | Treasury Loan Agreement, CARES Act | Adjusted LIBOR Rate
Debt Instrument [Line Items]
Basis spread on variable rate									3.50%
American Airlines, Inc. | Line of Credit | Secured Debt | Treasury Loan Agreement, CARES Act
Debt Instrument [Line Items]
Variable interest rate							3.73%		3.73%
American Airlines, Inc. | Other Short-term Revolving Facility
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity							$ 400,000,000		$ 400,000,000
American Airlines, Inc. | Other Short-term Revolving Facility | Other Short-term Revolving Facility
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity							$ 400,000,000		$ 400,000,000
American Airlines, Inc. | Other Short-term Revolving Facility | Secured Debt | 2014 Credit Facilities
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity					$ 1,200,000,000
Borrowings from credit facilities						$ 1,600,000,000
Variable interest rate							2.16%		2.16%
American Airlines, Inc. | Other Short-term Revolving Facility | Secured Debt | 2014 Credit Facilities | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate					1.75%						2.00%
Basis spread on variable rate, floor					0.00%
American Airlines, Inc. | Other Short-term Revolving Facility | Secured Debt | 2014 Credit Facilities | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate					0.75%						1.00%
American Airlines, Inc. | Other Short-term Revolving Facility | Secured Debt | 2013 Credit Facilities
Debt Instrument [Line Items]
Borrowings from credit facilities				$ 750,000,000
Line of credit facility, remaining borrowing capacity		$ 0		$ 0		$ 0
Variable interest rate							2.16%		2.16%
American Airlines, Inc. | Other Short-term Revolving Facility | Secured Debt | 2013 Credit Facilities | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate				2.00%
Stated interest rate						2.00%
American Airlines, Inc. | Other Short-term Revolving Facility | Secured Debt | April 2016 Credit Facilities
Debt Instrument [Line Items]
Borrowings from credit facilities				$ 450,000,000
Line of credit facility, remaining borrowing capacity		$ 0		$ 0
Variable interest rate							2.16%		2.16%
American Airlines, Inc. | Other Short-term Revolving Facility | Secured Debt | April 2016 Credit Facilities | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate				2.00%
Interest Rate First Five Years | Payroll Support Program Promissory Note
Debt Instrument [Line Items]
Stated interest rate		1.00%		1.00%
Interest Rate Years Six Through Ten | Payroll Support Program Promissory Note | Secured Overnight Financing Rate
Debt Instrument [Line Items]
Basis spread on variable rate		2.00%
Basis spread on variable rate, floor		0.00%
JFK Airport upgrade | American Airlines, Inc.
Debt Instrument [Line Items]
Construction project investment amount					$ 344,000,000

Debt - Schedule of EETC And Rem

Debt - Schedule of EETC And Remaining Escrowed Proceeds (Details) - American Airlines, Inc. - Enhanced Equipment Trust Certificates (EETC) $ in Millions	Sep. 30, 2020USD ($)
2019-1 Aircraft EETCs Series AA
Debt Instrument [Line Items]
Aggregate principal issued	$ 579
Remaining escrowed proceeds	$ 89
Fixed interest rate per annum	3.15%
2019-1 Aircraft EETCs Series A
Debt Instrument [Line Items]
Aggregate principal issued	$ 289
Remaining escrowed proceeds	$ 44
Fixed interest rate per annum	3.50%
2019-1 Aircraft EETCs Series B
Debt Instrument [Line Items]
Aggregate principal issued	$ 229
Remaining escrowed proceeds	$ 35
Fixed interest rate per annum	3.85%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Tax Credit Carryforward [Line Items]
Income tax provision (benefit)	$ (696)	$ 132	$ (1,937)	$ 413
Alternative Minimum Tax Credit Carryforward
Tax Credit Carryforward [Line Items]
Alternative minimum tax credit carryforwards					$ 170
Federal
Tax Credit Carryforward [Line Items]
NOL carryforwards					9,100
State
Tax Credit Carryforward [Line Items]
NOL carryforwards					3,000
American Airlines, Inc.
Tax Credit Carryforward [Line Items]
Income tax provision (benefit)	$ (660)	$ 160	$ (1,852)	$ 472
American Airlines, Inc. | Alternative Minimum Tax Credit Carryforward
Tax Credit Carryforward [Line Items]
Alternative minimum tax credit carryforwards					226
American Airlines, Inc. | Federal
Tax Credit Carryforward [Line Items]
NOL carryforwards					9,200
American Airlines, Inc. | State
Tax Credit Carryforward [Line Items]
NOL carryforwards					$ 2,900

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	$ 8,031	$ 3,546
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	8,031
Restricted cash and short-term investments	508
Long-term investments	146
Total	8,685
Recurring | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,828
Recurring | Corporate Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,454
Recurring | Bank Notes / Certificates of Deposit / Time Deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	1,974
Recurring | Repurchase Agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	775
Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,828
Restricted cash and short-term investments	385
Long-term investments	146
Total	3,359
Recurring | Level 1 | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,828
Recurring | Level 1 | Corporate Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0
Recurring | Level 1 | Bank Notes / Certificates of Deposit / Time Deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0
Recurring | Level 1 | Repurchase Agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0
Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	5,203
Restricted cash and short-term investments	123
Long-term investments	0
Total	5,326
Recurring | Level 2 | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0
Recurring | Level 2 | Corporate Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,454
Recurring | Level 2 | Bank Notes / Certificates of Deposit / Time Deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	1,974
Recurring | Level 2 | Repurchase Agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	775
Recurring | Level 3
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 | Level 3 | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0
Recurring | Level 3 | Corporate Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0
Recurring | Level 3 | Bank Notes / Certificates of Deposit / Time Deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0
Recurring | Level 3 | Repurchase Agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0
American Airlines, Inc.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	8,029	$ 3,543
American Airlines, Inc. | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	8,029
Restricted cash and short-term investments	508
Long-term investments	146
Total	8,683
American Airlines, Inc. | Recurring | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,827
American Airlines, Inc. | Recurring | Corporate Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,454
American Airlines, Inc. | Recurring | Bank Notes / Certificates of Deposit / Time Deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	1,973
American Airlines, Inc. | Recurring | Repurchase Agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	775
American Airlines, Inc. | Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,827
Restricted cash and short-term investments	385
Long-term investments	146
Total	3,358
American Airlines, Inc. | Recurring | Level 1 | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,827
American Airlines, Inc. | Recurring | Level 1 | Corporate Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0
American Airlines, Inc. | Recurring | Level 1 | Bank Notes / Certificates of Deposit / Time Deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0
American Airlines, Inc. | Recurring | Level 1 | Repurchase Agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0
American Airlines, Inc. | Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	5,202
Restricted cash and short-term investments	123
Long-term investments	0
Total	5,325
American Airlines, Inc. | Recurring | Level 2 | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0
American Airlines, Inc. | Recurring | Level 2 | Corporate Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,454
American Airlines, Inc. | Recurring | Level 2 | Bank Notes / Certificates of Deposit / Time Deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	1,973
American Airlines, Inc. | Recurring | Level 2 | Repurchase Agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	775
American Airlines, Inc. | Recurring | Level 3
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. | Recurring | Level 3 | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0
American Airlines, Inc. | Recurring | Level 3 | Corporate Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0
American Airlines, Inc. | Recurring | Level 3 | Bank Notes / Certificates of Deposit / Time Deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0
American Airlines, Inc. | Recurring | Level 3 | Repurchase Agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	$ 0
China Southern Airlines
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Ownership percentage	1.80%
China Southern Airlines | American Airlines, Inc.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Ownership percentage	1.80%
Maturity Dates Exceeding One Year | Recurring | Corporate Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	$ 70
Maturity Dates Exceeding One Year | Recurring | Bank Notes / Certificates of Deposit / Time Deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	286
Maturity Dates Exceeding One Year | American Airlines, Inc. | Recurring | Corporate Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	70
Maturity Dates Exceeding One Year | American Airlines, Inc. | Recurring | Bank Notes / Certificates of Deposit / Time Deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	$ 286

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	Sep. 30, 2020	Dec. 31, 2019
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	$ 2,300
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	32,203	$ 23,645
Fair Value | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	28,047	24,508
American Airlines, Inc. | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	550
American Airlines, Inc. | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	28,607	22,372
American Airlines, Inc. | Fair Value | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current maturities	$ 24,585	$ 23,196

Fair Value Measurements and O_2

Fair Value Measurements and Other Investments - Narrative (Details) - Level 3 $ in Millions	Sep. 30, 2020USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, classified as Level 3	$ 2,300
American Airlines, Inc.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, classified as Level 3	$ 550

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1	$ 1	$ 3	$ 2
Interest cost	154	175	461	527
Expected return on assets	(253)	(204)	(757)	(611)
Special termination benefits	0	0	0	0
Settlements	0	0	4	0
Amortization of:
Prior service cost (benefit)	7	7	21	21
Unrecognized net loss (gain)	41	37	124	113
Net periodic benefit cost (income)	(50)	16	(144)	52
2020 contributions expected to be deferred under CARES Act	133		133
Retiree Medical and Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	2	1	5	3
Interest cost	8	9	22	26
Expected return on assets	(3)	(4)	(9)	(12)
Special termination benefits	410	0	410	0
Settlements	0	0	0	0
Amortization of:
Prior service cost (benefit)	(33)	(59)	(139)	(177)
Unrecognized net loss (gain)	(5)	(8)	(17)	(24)
Net periodic benefit cost (income)	379	(61)	272	(184)
American Airlines, Inc. | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	1	2	2
Interest cost	153	174	459	524
Expected return on assets	(252)	(203)	(754)	(609)
Special termination benefits	0	0	0	0
Settlements	0	0	4	0
Amortization of:
Prior service cost (benefit)	7	7	21	21
Unrecognized net loss (gain)	41	37	123	113
Net periodic benefit cost (income)	(50)	16	(145)	51
2020 contributions expected to be deferred under CARES Act	130		130
American Airlines, Inc. | Retiree Medical and Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	2	1	5	3
Interest cost	8	9	22	26
Expected return on assets	(3)	(4)	(9)	(12)
Special termination benefits	410	0	410	0
Settlements	0	0	0	0
Amortization of:
Prior service cost (benefit)	(33)	(59)	(139)	(177)
Unrecognized net loss (gain)	(5)	(8)	(17)	(24)
Net periodic benefit cost (income)	$ 379	$ (61)	$ 272	$ (184)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Components of AOCI (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
AOCI tax, attributable to parent [Roll Forward]
Beginning balance, tax			$ (1,091)				$ (1,091)
Other comprehensive loss before reclassifications, tax							41
Amounts reclassified from AOCI, tax							1
Net current-period other comprehensive income (loss), tax							42
Ending balance, tax	$ (1,049)						(1,049)
AOCI attributable to parent, net of tax [Roll Forward]
Beginning balance, net of tax			(6,331)				(6,331)
Other comprehensive loss before reclassifications, net of tax							(139)
Amounts reclassified from AOCI, net of tax							(6)
Total other comprehensive loss, net of tax	(13)	$ 17	(149)	$ (19)	$ (18)	$ (13)	(145)	$ (50)
Ending balance, net of tax	(6,476)						(6,476)
Pension, Retiree Medical and Other Postretirement Benefits
AOCI attributable to parent, before tax [Roll Forward]
Beginning balance, before tax			(5,238)				(5,238)
Other comprehensive loss before reclassifications, before tax							(180)
Amounts reclassified from AOCI, before tax							(7)
Net current-period other comprehensive income (loss), before tax							(187)
Ending balance, before tax	(5,425)						(5,425)
Unrealized Loss on Investments
AOCI attributable to parent, before tax [Roll Forward]
Beginning balance, before tax			(2)				(2)
Other comprehensive loss before reclassifications, before tax							0
Amounts reclassified from AOCI, before tax							0
Net current-period other comprehensive income (loss), before tax							0
Ending balance, before tax	(2)						(2)
American Airlines, Inc.
AOCI tax, attributable to parent [Roll Forward]
Beginning balance, tax			(1,203)				(1,203)
Other comprehensive loss before reclassifications, tax							41
Amounts reclassified from AOCI, tax							1
Net current-period other comprehensive income (loss), tax							42
Ending balance, tax	(1,161)						(1,161)
AOCI attributable to parent, net of tax [Roll Forward]
Beginning balance, net of tax			(6,423)				(6,423)
Other comprehensive loss before reclassifications, net of tax							(139)
Amounts reclassified from AOCI, net of tax							(7)
Total other comprehensive loss, net of tax	(14)	$ 17	(149)	$ (19)	$ (18)	$ (13)	(146)	$ (50)
Ending balance, net of tax	(6,569)						(6,569)
American Airlines, Inc. | Pension, Retiree Medical and Other Postretirement Benefits
AOCI attributable to parent, before tax [Roll Forward]
Beginning balance, before tax			(5,218)				(5,218)
Other comprehensive loss before reclassifications, before tax							(180)
Amounts reclassified from AOCI, before tax							(8)
Net current-period other comprehensive income (loss), before tax							(188)
Ending balance, before tax	(5,406)						(5,406)
American Airlines, Inc. | Unrealized Loss on Investments
AOCI attributable to parent, before tax [Roll Forward]
Beginning balance, before tax			$ (2)				(2)
Other comprehensive loss before reclassifications, before tax							0
Amounts reclassified from AOCI, before tax							0
Net current-period other comprehensive income (loss), before tax							0
Ending balance, before tax	$ (2)						$ (2)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Reclassifications out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Nonoperating other income (expense), net	$ 224			$ 251			$ 738	$ 651
Net income (loss)	2,399	$ 2,067	$ 2,241	(425)	$ (662)	$ (185)	6,707	(1,272)
American Airlines, Inc.
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Nonoperating other income (expense), net	127			160			479	377
Net income (loss)	2,276	$ 1,968	$ 2,169	(508)	$ (714)	$ (230)	6,413	(1,452)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	8			(18)			(6)	(52)
Reclassification out of Accumulated Other Comprehensive Income | Prior service benefit
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Nonoperating other income (expense), net	(20)			(40)			(91)	(121)
Reclassification out of Accumulated Other Comprehensive Income | Actuarial loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Nonoperating other income (expense), net	28			22			85	69
Reclassification out of Accumulated Other Comprehensive Income | American Airlines, Inc.
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	7			(18)			(7)	(52)
Reclassification out of Accumulated Other Comprehensive Income | American Airlines, Inc. | Prior service benefit
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Nonoperating other income (expense), net	(20)			(40)			(91)	(121)
Reclassification out of Accumulated Other Comprehensive Income | American Airlines, Inc. | Actuarial loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Nonoperating other income (expense), net	$ 27			$ 22			$ 84	$ 69

Regional Expenses (Details)

Regional Expenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Regional Expenses [Line Items]
Aircraft fuel and related taxes	$ 453	$ 1,989	$ 2,065	$ 5,710
Salaries, wages and benefits	2,705	3,219	8,384	9,509
Maintenance, materials and repairs	337	610	1,253	1,745
Other rent and landing fees	367	530	1,149	1,568
Aircraft rent	336	335	1,004	996
Selling expenses	70	424	418	1,194
Depreciation and amortization	498	499	1,557	1,469
Special items, net	(519)	234	(966)	493
Other	659	1,336	2,404	3,859
Total regional expenses	914	1,933	3,638	5,582
American Airlines, Inc.
Regional Expenses [Line Items]
Aircraft fuel and related taxes	453	1,989	2,065	5,710
Salaries, wages and benefits	2,704	3,217	8,380	9,503
Maintenance, materials and repairs	337	610	1,253	1,745
Other rent and landing fees	367	530	1,149	1,568
Aircraft rent	336	335	1,004	996
Selling expenses	70	424	418	1,194
Depreciation and amortization	498	499	1,557	1,469
Special items, net	(523)	228	(995)	487
Other	659	1,337	2,425	3,860
Total regional expenses	852	1,913	3,500	5,616
Regional Carrier
Regional Expenses [Line Items]
Aircraft fuel and related taxes	158	485	638	1,395
Salaries, wages and benefits	379	461	1,218	1,310
Capacity purchases from third-party regional carriers	233	354	765	1,046
Maintenance, materials and repairs	72	108	244	303
Other rent and landing fees	112	167	369	495
Aircraft rent	3	8	11	23
Selling expenses	27	102	121	299
Depreciation and amortization	79	84	247	246
Special items, net	(224)	6	(309)	6
Other	75	158	334	459
Total regional expenses	914	1,933	3,638	5,582
Regional Carrier | American Airlines, Inc.
Regional Expenses [Line Items]
Aircraft fuel and related taxes	158	485	638	1,395
Salaries, wages and benefits	59	76	214	241
Capacity purchases from third-party regional carriers	622	900	2,105	2,665
Maintenance, materials and repairs	(4)	14	2	23
Other rent and landing fees	106	159	347	472
Aircraft rent	3	8	11	23
Selling expenses	27	102	121	299
Depreciation and amortization	66	72	207	210
Special items, net	(228)	0	(338)	0
Other	43	97	193	288
Total regional expenses	852	1,913	3,500	5,616
Regional Carrier | Republic Airline Inc.
Regional Expenses [Line Items]
Capacity purchases from third-party regional carriers	102	150	313	442
Regional Carrier | Republic Airline Inc. | American Airlines, Inc.
Regional Expenses [Line Items]
Capacity purchases from third-party regional carriers	$ 102	$ 150	$ 313	$ 442
Republic Airways Holdings, Inc. | American Airlines, Inc.
Regional Expenses [Line Items]
Ownership percentage	25.00%		25.00%

Transactions with Related Par_3

Transactions with Related Parties (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jun. 30, 2020	Sep. 30, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Issuance of shares of AAG common stock pursuant to a public stock offering (in shares)	85,215,000	85,200,000
American Airlines, Inc.
Related Party Transaction [Line Items]
Receivables from related parties, net		$ 9,183	$ 12,451
Issuance of shares of AAG common stock pursuant to a public stock offering (in shares)		85,200,000
American Airlines, Inc. | AAG [Member]
Related Party Transaction [Line Items]
Receivables from related parties, net		$ 11,212	14,597
American Airlines, Inc. | AAG's wholly-owned subsidiaries [Member]
Related Party Transaction [Line Items]
Receivables from related parties, net		$ (2,029)	$ (2,146)
6.50% Senior Notes | Unsecured Debt
Related Party Transaction [Line Items]
Fixed interest rate per annum		6.50%
6.50% Senior Notes | Unsecured Debt | American Airlines, Inc.
Related Party Transaction [Line Items]
Fixed interest rate per annum		6.50%

Legal Proceedings (Details)

Legal Proceedings (Details) shares in Millions, $ in Millions	Jun. 15, 2018USD ($)lawsuit	Feb. 29, 2020shares	Sep. 30, 2020shares
Long-term Purchase Commitment [Line Items]
Common stock held in Disputed Claims reserve (in shares)			4.8
Number of putative class action lawsuits | lawsuit	100
Preliminary settlement amount | $	$ 45
American Airlines, Inc.
Long-term Purchase Commitment [Line Items]
Common stock distributed from Disputed Claims Reserve (in shares)		2.2
Common stock held in Disputed Claims reserve (in shares)			4.8
Number of putative class action lawsuits | lawsuit	100
Preliminary settlement amount | $	$ 45

Impairment (Details)

Impairment (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2020USD ($)reporting_unit	Dec. 31, 2019USD ($)
Restructuring Cost and Reserve [Line Items]
Long-lived assets	$ 42,000	$ 42,000
Impairment charge	714	$ 1,500
Number of reporting units for goodwill impairment testing | reporting_unit		1
Goodwill	4,091	$ 4,091	$ 4,091
Indefinite-lived intangible assets	1,800	1,800
American Airlines, Inc.
Restructuring Cost and Reserve [Line Items]
Long-lived assets	41,500	41,500
Impairment charge	714	$ 1,500
Number of reporting units for goodwill impairment testing | reporting_unit		1
Goodwill	4,091	$ 4,091	$ 4,091
Indefinite-lived intangible assets	$ 1,800	$ 1,800

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) shares in Millions	Oct. 21, 2020	Sep. 30, 2020	Sep. 25, 2020
Treasury Loan Restatement Agreement, CARES Act | Line of Credit | Subsequent Event
Subsequent Event [Line Items]
Line of credit facility, maximum borrowing capacity	$ 7,500,000,000
Line of credit facility, increase in maximum borrowing capacity	$ 2,000,000,000
Treasury Loan Agreement, CARES Act | Line of Credit
Subsequent Event [Line Items]
Line of credit facility, maximum borrowing capacity		$ 5,500,000,000	$ 5,500,000,000
Treasury Loan Warrants | Subsequent Event
Subsequent Event [Line Items]
Warrants, number of warrant shares of common stock (up to)	60