text
stringlengths
198
2.89k
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. on our operating flexibility, reductions in the demand for air travel, and competitive disadvantages. We operate a global business with international operations that are subject to economic and pol...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Delays in scheduled aircraft deliveries or other loss of anticipated fleet capacity, and failure of new aircraft to perform as expected, may adversely impact our business, results of operations and f...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. rights and functionality of these channels. If we are unable to obtain and maintain adequate facilities and infrastructure throughout our system and, at some airports, adequate slots, we may be una...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. AMR), as the parent company of American, which was founded in 1934. AAG’s and American’s principal executive offices are located at 1 Skyview Drive, Fort Worth, Texas 76155 and their telephone numbe...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. In 2022, over 199 million passengers boarded our flights. During 2022, we announced the return of several international routes that had been cut due to the COVID-19 pandemic and aircraft delivery de...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. experience. See “Distribution and Marketing Agreements” below for further discussion on the one world Alliance and other agreements with domestic and international airlines. See Part II, Item 7...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 12 to American’s Consolidated Financial Statements in Part II, Item 8B for information regarding operating segments. Regional Our regional carriers provide scheduled air transportation under the b...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. offer complementary service in many of our mainline markets. All American Eagle carriers use logos, service marks, aircraft paint schemes and uniforms similar to those of our mainline operations. In...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. provide that we either reimburse or pay 100% of certain variable costs, such as airport landing fees, fuel and passenger liability insurance. We previously announced that we had entered into an agre...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. million pounds of time-sensitive freight and mail across our network. Also in 2022, we were named Best Cargo Airline from the Americas by Air Cargo News Distribution and Marketing Agreements Passe...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. with Amadeus, Sabre and Travelport which will allow us to continue to provide convenient ways for customers to purchase travel from American. To remain competitive, we will need to manage our distri...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. transport passengers beyond designated gateway cities in foreign countries. In order to improve access to domestic and foreign markets, we have arrangements with other airlines including through the...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. links the networks of member carriers and their respective affiliates to enhance customer service and provide smooth connections to the destinations served by the alliance, including linking member ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. airline service, including limitations on the foreign ownership of airlines and national laws prohibiting foreign airlines from carrying passengers beyond specific gateway cities. American and its j...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. airports. The commitments accepted by the EC were binding for 10 years. In October 2018, in anticipation of the exit of the United Kingdom from the European Union (EU), commonly referred to as Brexi...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of Contents Marketing Relationships To improve access to each other’s markets, various U.S. and foreign air carriers, including American, have established marketing agreements with other airlines....
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ia, IndiGo, Japan Airlines, JetBlue Airways Corporation (JetBlue), Jetstar, Jetstar Japan, Malaysia Airlines, Qantas, Qatar Airways, Royal Air Maroc, Royal Jordanian Airlines, Silver Airways, SriLank...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. commercial cooperation in areas such as purchasing, sales tools and systems integration, subject to relevant regulatory and contractual limitations. Also in 2022, we expanded our strategic alliance...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. codeshare agreement that remains to be implemented. In 2021, we began implementing key aspects of our marketing relationship with JetBlue, creating seamless connectivity for travelers in the U.S. N...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. commitments, the DOT terminated its review of the proposed alliance in January 2021. The commitments include growth commitments to ensure capacity expansion, slot divestitures at JFK and at Ronald R...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. District of Massachusetts alleging that American and JetBlue violated U.S. antitrust law in connection with the Northeast Alliance arrangement (the NEA). The parties presented their respective cases...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. District of Massachusetts and the Eastern District of New York, respectively. We believe these complaints are without merit and are defending against them vigorously. We also have a marketing relat...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. their continued patronage with American and our partners. AAdvantage members earn mileage credits for flying on American, any one world Alliance airline or other partner airlines. For every dollar...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. credits can be redeemed for free or upgraded travel on American and participating airlines, membership to our Admirals Club or for other non-flight awards, such as car rentals and hotels, from our ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. our co-branded credit cards. Loyalty Points are used for measuring status qualification in the AAdvantage program over a 12-month period beginning on March 1 of each year. Status members can enjoy a...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2022 Freddie Awards, which is based entirely on votes from travelers around the world. In addition, the editorial staff of the digital news outlet, The Points Guy , selected AAdvantage Executive Pl...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. air carriers, as well as redemption of car and hotel awards, club memberships and merchandise. Approximately 7% of our 2022 total revenue passenger miles flown were from award travel. See Part II, ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. cities that require a connection, where the major airlines compete via their respective hubs, competition is significant. In addition, we face competition on some of our connecting routes from airli...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. revenue per available seat mile or to establish, increase or preserve market share. Most airlines will quickly match price reductions in a particular market, and we have often elected to match disco...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. increase the number of markets we serve by flying to smaller markets and providing connections at our hubs. Many of our competitors also own or have agreements with regional airlines that provide si...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Qatar, allowing customers to connect to and from select destinations throughout the Middle East, East Africa, South Asia and Southeast Asia gateways. In providing international air transportation, w...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. route networks. See “ Distribution and Marketing Agreements ” above for further discussion. Sustainability Our purpose is to care for people on life’s journey. Conducting our business with a vie...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2022, we received validation from the Science Based Targets initiative (SBTi) that our 2035 GHG reduction target complies with the SBTi criteria. The vast majority of our direct GHG emissions comes ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. at the cost or scale necessary to meet our industry’s needs. We continue to enter into agreements to purchase SAF as part of our goal to replace 10% of our conventional jet fuel with SAF in 2030 and...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. require significant action and investments by governments, manufacturers and other stakeholders. We are committed to engaging with our stakeholders to seek to advance these initiatives, and we have ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. objectives while striving to comply with applicable regulatory requirements and laws in the countries where we operate and establishing standards for acceptable operational behaviors. The Safety As...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and we are committed to providing our customers with a world-class travel experience. We continued to rigorously measure and track customer satisfaction through passenger surveys in 2022, efforts th...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. requires a diverse team of personnel trained and experienced in a variety of technical areas such as flight operations, ground operations, safety and maintenance, customer service and airline schedu...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. company. Additionally, we have partnered with leading online learning platforms to make professional development available on-demand to all of our team members. Diversity, Equity and Inclusion Cul...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. our operations to serve and expand our global markets; Striving to have our teams reflect the diversity of our global customer base; and Driving innovation to build competitive advantages. In 202...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. medical coverage that is intended to be affordable and flexible along with healthcare navigation and support tools. Our internal recognition programs give team members and customers the opportunity...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and recruiting people with the appropriate skills has been particularly challenging as the economy in general, and the airline industry in particular, have continued to recover from the COVID-19 pan...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. .” Labor Relations In 2022, mainline and regional salaries, wages and benefits were our largest expense and represented 32% of our total operating expenses. As of December 31, 2022, we had approxim...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. represented by unions: Union Class or Craft Employees (1) ContractAmendable Date Mainline: Allied Pilots Association (APA) Pilots 13,450 2020 Association of Professional Flight Attendants ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Association Stock Clerks 1,950 2025 TWU-IAM Association Flight Simulator Engineers 140 2025 TWU-IAM Association Maintenance Control Technicians 180 2025 TWU-IAM Association Maintenance ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. U Mechanics and Related 1,150 2021 TWU Stock Clerks 120 2021 TWU Simulator Instructors 20 2026 TWU Fleet Service 3,950 2026 TWU Dispatchers 70 2025 Communications Workers of Ameri...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 300 2023 IBT Dispatchers 30 2025 ALPA Flight Crew Training Instructors 70 2029 PSA: ALPA Pilots 1,550 2028 AFA Flight Attendants 1,200 2023 International Association of Machinists ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. involving these workgroups continue. Among our wholly-owned regional subsidiaries, the Envoy mechanics and related, Envoy stock clerks and PSA mechanics and related have agreements that are now amen...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. estimate that a one cent per gallon increase in the price of aircraft fuel would increase our 2023 annual fuel expense by approximately $40 million. The following table shows annual aircraft fuel c...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. our fuel consumption. Our current policy is not to enter into transactions to hedge our fuel consumption, although we review that policy from time to time based on market conditions and other factor...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. fuel could have a significant negative impact on consumer demand, our operating results and liquidity .” Seasonality and Other Factors Due to the greater demand for air travel during the summer m...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. to extensive domestic and international regulatory requirements. Domestically, the DOT and the Federal Aviation Administration (FAA) exercise significant regulatory authority over air carriers. The...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. our fleet of aircraft; safety measures and equipment; crew scheduling limitations and experience requirements; and many other technical aspects of airline operations. Additionally, our pilots and ot...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. points within the U.S. and its territories, with the exception of certain airports that require landing and take-off rights and authorizations (slots) and other facilities, and certain airports that...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. on a so-called “perimeter rule” which generally limits the stage length of the flights that can be operated from those airports to 1,250 and 1,500 miles, respectively. Generally, our ability to reta...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. reduced service. If we are forced to surrender slots, we may be unable to provide our desired level of service to or from certain destinations in the future. For more discussion, see Part I, Item 1A...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , or airports such as Dallas Love Field Airport where we have no access to gates at all. Existing law also permits domestic local airport authorities to implement procedures and impose restrictions ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. collect a federal excise tax, commonly referred to as the “ticket tax,” on domestic and international air transportation, and to collect other taxes and charge other fees, such as foreign taxes, sec...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. to propose or implement a number of new disability regulations that will impact us, including rules for accessible lavatories on single-aisle aircraft, penalties for wheelchair loss or damage and pr...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. . In addition, foreign countries impose passenger protection rules, which are analogous to, and often meet or exceed the requirements of, the DOT passenger protection rules discussed above. In cases...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. airports; and the provision of certain passenger data to the federal government and other international border security authorities, for security and immigration controls. Funding for the TSA is pro...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. industry is subject to various laws and government regulations concerning environmental matters in the U.S. and other countries. U.S. federal laws that have a particular impact on our operations inc...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. vised underground storage tank regulations issued by the EPA in 2015 have affected certain airport fuel hydrant systems, with modifications of such systems needed in order to comply with applicable p...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , 2022, the EPA also published the final rule for particulate matter emission standards and test procedures for civil aircraft engines, which took effect on December 23, 2022. 17 Table of Contents ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. missions and Climate Change Requirements American is subject to the requirements of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), an international, market-based emi...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. not expect to be required to purchase carbon offset credits beforehand, unless during 2023 the demand for international travel is stronger than expected and exceeds that of 2019. Our future costs o...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. been challenged by several states and environmental groups, and the Biden Administration has issued an executive order requiring a review of these final standards. On November 15, 2021, the EPA anno...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. . The European Parliament (which has proposed stricter targets in relation to SAF blending percentages for 2050) and the European Council have adopted initial negotiating positions with respect to th...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. to purchase specific types of equipment or technologies, purchase carbon offset credits or otherwise incur additional costs related to our emissions. Such activity may also impact us indirectly by i...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. For additional information, see Part I, Item 1A. Risk Factors – “ Evolving data security and privacy requirements (in particular, compliance with applicable federal, state and foreign laws relating...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. government regulation, which may result in increases in our costs, disruptions to our operations, limits on our operating flexibility, reductions in the demand for air travel, and competitive disadv...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the investor relations section of our website as well as through the use of our social media sites, including Facebook and Twitter. In order to receive notifications regarding new postings to our we...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. reports are available free of charge on our website as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC. The SEC also maintains a website tha...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and 2013 Term Loan Facility provided for by the 2013 Credit Agreement. “2013 Plan” means the AAG 2013 Incentive Award Plan. “2013 Revolving Facility” means the revolving credit facility provided f...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 4 Revolving Facility and the 2014 Term Loan Facility provided for by the 2014 Credit Agreement. “2014 Revolving Facility” means the revolving credit facility provided for by the 2014 Credit Agreemen...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. aircraft financed or to be financed by American under the 2021-1 Aircraft EETCs. “2021-1 Aircraft EETCs” means the two pass-through trusts created by American in November 2021 that have issued appr...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. % Senior Notes” means the 5.000% senior notes due in 2022 with an aggregate principal amount of $750 million. “10.75% Senior Secured Notes” means, collectively, the LGA/DCA Notes and the IP Notes. ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 75% Senior Secured Notes Collateral and the Second Lien 11.75% Senior Secured Notes Collateral. “AAdvantage” means the AAdvantage frequent flyer program. “AAdvantage Agreements” means the AAdvanta...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. uer and the SPV Guarantors and substantially all other assets of Loyalty Issuer and the SPV Guarantors. “AAdvantage Financing” means, collectively, the AAdvantage Notes and the AAdvantage Term Loan ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. AAdvantage Guarantors and Wilmington Trust, National Association, as trustee and as collateral custodian. “AAdvantage Issuers” means the Loyalty Issuer and American. “AAdvantage Loans” means the $...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. antage Term Loan Facility” means the $3.5 billion term loan facility provided pursuant to the term loan credit and guaranty agreement, dated as of March 24, 2021, with Barclays Bank PLC, as administr...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Inc., a wholly-owned subsidiary of AAG. “American Eagle” means our regional carriers, including our wholly-owned regional carriers Envoy, PSA and Piedmont, as well as third-party regional carriers ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the lenders from time to time party thereto, Barclays Bank PLC, as administrative agent, and certain other parties thereto, as amended. 21 Table of Contents “April 2016 Credit Facilities” means t...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. seat flown one mile. “ASU” means Accounting Standards Update. “ATC” means air traffic control. “ATC system” means the U.S. National Airspace System. “Aviation Act” means subtitle VII of Title 49...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Security Act. “CASM” means total operating cost per available seat mile and is equal to total operating expenses divided by ASMs. “CBAs” means collective bargaining agreements. “CEO” means Chief ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ure. “Convertible Notes Guarantee” means the full and unconditional guarantee of the Convertible Notes by American. “Convertible Notes Supplemental Indenture” means the first supplemental indenture...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2016 Credit Facilities. 22 Table of Contents “CWA” means Communications Workers of America. “CWA-IBT” means the Airline Employees Customer Service Association – Communications Workers of America ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of December 15, 2016, among American, AAG, the lenders from time to time party thereto, Citibank N.A., as administrative agent, and certain other parties thereto, as amended. “December 2016 Term Lo...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. certificate. “Effective Date” means December 9, 2013. “Eighth Amendment” means the Eighth Amendment entered into in January 2020 to the 2014 Credit Agreement. “Envoy” means Envoy Air Inc. “EPA” ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of 1934, as amended. “FAA” means Federal Aviation Administration. “First Lien 11.75% Senior Secured Notes Collateral” means certain assets, rights and properties utilized by American in providing ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. éreas Inteligentes S.A. “holdback” means an amount of cash held by our credit card processors in certain circumstances (including, with respect to certain agreements, our failure to maintain certain...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the “aa.com” domain name in the United States and certain foreign jurisdictions, to which American has given a first lien security interest to secure the IP Notes. “IP Licenses” means the series of...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. by and among American, AAG and Wilmington Trust, National Association, as trustee and as collateral trustee, pursuant to which the IP Notes were issued. “IRA” means the Inflation Reduction Act. “J...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. . “LGA/DCA Notes” means American’s $200 million in initial principal amount of 10.75% senior secured LGA/DCA notes. “LGA/DCA Notes Indenture” means the indenture, dated as of September 25, 2020, by...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Contents “Loyalty Issuer” means AAdvantage Loyalty IP Ltd., a Cayman Islands exempted company incorporated with limited liability and an indirect wholly owned subsidiary of American and co-issuer o...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. means Chicago O’Hare International Airport. “OSHA” means Occupational Health and Safety Administration. “OTAs” means online travel agents. “PAFCA” means Professional Airline Flight Control Associ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of Stockholders of American Airlines Group Inc., certain sections of which are incorporated by reference into this report. “PSA” means PSA Airlines, Inc. “PSP Agreements” means the payroll support...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. means the payroll support program established under the CARES Act. “PSP1 Promissory Note” means the promissory note issued to Treasury in connection with PSP1. “PSP1 Warrant Agreement” means the a...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. established under the PSP Extension Law. “PSP2 Promissory Note” means the promissory note issued to Treasury in connection with PSP2. “PSP2 Warrant Agreement” means the agreement entered into betw...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. issory Note” means the promissory note issued to Treasury in connection with PSP3. “PSP3 Warrant Agreement” means the agreement entered into between AAG and Treasury in connection with the Payroll S...