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Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Debt Instrument [Line Items] |
Schedule of Long-Term Debt | Long-term debt included in the condensed consolidated balance sheets consisted of (in millions):
| March 31, 2024 |  | December 31, 2023
Secured |  |  |
2013 Term Loan Facility, variable interest rate of 8.60%, installments through February 2028 | $ | 990 |  |  | $ | 990 |
2014 Term Loan Facility, variable interest rate of 7.07%, installments through January 2027 | 1,171 |  |  | 1,183 |
2023 Term Loan Facility, variable interest rate of 8.77%, installments beginning in December 2024 through June 2029 | 1,100 |  |  | 1,100 |
10.75% senior secured IP notes, interest only payments until due in February 2026 | 1,000 |  |  | 1,000 |
10.75% senior secured LGA/DCA notes, interest only payments until due in February 2026 | 200 |  |  | 200 |
7.25% senior secured notes, interest only payments until due in February 2028 | 750 |  |  | 750 |
8.50% senior secured notes, interest only payments until due in May 2029 | 1,000 |  |  | 1,000 |
5.50% senior secured notes, installments through April 2026 (1) | 2,625 |  |  | 2,917 |
5.75% senior secured notes, installments beginning in July 2026 until due in April 2029 (1) | 3,000 |  |  | 3,000 |
AAdvantage Term Loan Facility, variable interest rate of 10.33%, installments through April 2028 (1) | 2,975 |  |  | 3,150 |
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 2.88% to 5.90%, averaging 3.58%, maturing from 2024 to 2034 | 7,418 |  |  | 7,657 |
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.55% to 8.85%, averaging 6.93%, maturing from 2024 to 2035 | 3,746 |  |  | 3,612 |
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036 | 967 |  |  | 967 |
| 26,942 |  |  | 27,526 |
Unsecured |  |  |
PSP1 Promissory Note, interest only payments until due in April 2030 | 1,757 |  |  | 1,757 |
PSP2 Promissory Note, interest only payments until due in January 2031 | 1,030 |  |  | 1,030 |
PSP3 Promissory Note, interest only payments until due in April 2031 | 959 |  |  | 959 |
6.50% convertible senior notes, interest only payments until due in July 2025 | 1,000 |  |  | 1,000 |
3.75% senior notes, interest only payments until due in March 2025 | 487 |  |  | 487 |
| 5,233 |  |  | 5,233 |
Total long-term debt | 32,175 |  |  | 32,759 |
Less: Total unamortized debt discount, premium and issuance costs | 348 |  |  | 363 |
Less: Current maturities | 3,974 |  |  | 3,501 |
Long-term debt, net of current maturities | $ | 27,853 |  |  | $ | 28,895 |
(1)Collectively referred to as the AAdvantage Financing.
Schedule of Revolving Credit and Other Facilities | As of March 31, 2024, the maximum availability under our revolving credit and other facilities is as follows (in millions):
2013 Revolving Facility | $ | 736 |
2014 Revolving Facility | 1,631 |
April 2016 Revolving Facility | 446 |
Other facilities | 398 |
Total | $ | 3,211 |
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):
| March 31, 2024 |  | December 31, 2023
Secured |  |  |
2013 Term Loan Facility, variable interest rate of 8.60%, installments through February 2028 | $ | 990 |  |  | $ | 990 |
2014 Term Loan Facility, variable interest rate of 7.07%, installments through January 2027 | 1,171 |  |  | 1,183 |
2023 Term Loan Facility, variable interest rate of 8.77%, installments beginning in December 2024 through June 2029 | 1,100 |  |  | 1,100 |
10.75% senior secured IP notes, interest only payments until due in February 2026 | 1,000 |  |  | 1,000 |
10.75% senior secured LGA/DCA notes, interest only payments until due in February 2026 | 200 |  |  | 200 |
7.25% senior secured notes, interest only payments until due in February 2028 | 750 |  |  | 750 |
8.50% senior secured notes, interest only payments until due in May 2029 | 1,000 |  |  | 1,000 |
5.50% senior secured notes, installments through April 2026 (1) | 2,625 |  |  | 2,917 |
5.75% senior secured notes, installments beginning in July 2026 until due in April 2029 (1) | 3,000 |  |  | 3,000 |
AAdvantage Term Loan Facility, variable interest rate of 10.33%, installments through April 2028 (1) | 2,975 |  |  | 3,150 |
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 2.88% to 5.90%, averaging 3.58%, maturing from 2024 to 2034 | 7,418 |  |  | 7,657 |
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.55% to 8.85%, averaging 6.93%, maturing from 2024 to 2035 | 3,746 |  |  | 3,612 |
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036 | 967 |  |  | 967 |
Total long-term debt | 26,942 |  |  | 27,526 |
Less: Total unamortized debt discount, premium and issuance costs | 336 |  |  | 349 |
Less: Current maturities | 3,488 |  |  | 3,501 |
Long-term debt, net of current maturities | $ | 23,118 |  |  | $ | 23,676 |
(1)Collectively referred to as the AAdvantage Financing.
Schedule of Revolving Credit and Other Facilities | As of March 31, 2024, the maximum availability under American’s revolving credit and other facilities is as follows (in millions):
2013 Revolving Facility | $ | 736 |
2014 Revolving Facility | 1,631 |
April 2016 Revolving Facility | 446 |
Other facilities | 398 |
Total | $ | 3,211 |

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