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YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2013 Credit Agreement; the revolving credit facility established thereunder, the 2013 Revolving Facility; the term loan facility established thereunder, the 2013 Term Loan Facility; and the 2013 Revo... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
olving Facility.
2014 Credit Facilities
In November 2019, American and AAG entered into the Seventh Amendment to Amended and Restated Credit and Guaranty Agreement, amending the Amended and Restate... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
In addition, certain lenders party to the 2014 Credit Agreement extended the maturity date of a substantial portion of their commitments under the 2014 Revolving Facility to October 2024 from Octobe... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2016 Credit Agreement extended the maturity date of a substantial portion of their commitments under the April 2016 Revolving Facility to October 2024 from October 2023. As of December 31, 2022, the... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Loan Facility; and together with the revolving credit facility contemplated but never established thereunder, the December 2016 Credit Facilities). In December 2022, American repaid in full the $1.2... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
4 RevolvingFacility
April 2016 RevolvingFacility
Aggregate principal issued or credit facility availability (in millions)
$1,919
$736
$1,280
$1,631
$446
Principal outstanding or drawn (... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
1.00% of the aggregate principal amount issued, with any unpaid balance due on the respective maturity dates. Voluntary prepayments may be made by American at any time.
The 2013 Revolving Facility, ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Subject to certain limitations and exceptions, the Credit Facilities and April 2016 Revolving Facility are secured by collateral, including certain spare parts, slots, route authorities, simulators a... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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 an... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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 (collectively, the Sec... |
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 being redeemed plus a make whole premium, together with accrued and unpaid interest thereon, if any, to (but not including) the redemption date.
10.75% Senior Secured Notes
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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 lie... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2026 Notes) and $3.0 billion aggregate principal amount of 5.75% Senior Secured Notes due 2029 (the 2029 Notes, and together with the 2026 Notes, the AAdvantage Notes). The AAdvantage Notes are full... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Financing) and pursuant to which the full $3.5 billion of term loans (the AAdvantage Loans) were drawn on the AAdvantage Financing Closing Date. The AAdvantage Loans are fully and unconditionally gu... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
respect to the AAdvantage program (the AAdvantage Agreements) (including all payments thereunder) and certain IP Licenses, certain deposit accounts that will receive cash under the AAdvantage Agreem... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
20th day of each January, April, July and October (each, an AAdvantage Payment Date), which began on July 20, 2021. The 2026 Notes will mature on April 20, 2026, and the 2029 Notes will mature on Ap... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
antage Notes, at their option, 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 AAdvantage Notes redeemed plus a “make-whole” prem... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
175 million, on each AAdvantage Payment Date beginning with the AAdvantage Payment Date in July 2023. These amortization payments (as well as those for the AAdvantage Notes) will be subject to the oc... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
indebtedness or (ii) the receipt by American or its subsidiaries of net proceeds from pre-paid frequent flyer (i.e., AAdvantage) mile sales exceeding $505 million. Each of these prepayments would al... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
B EETCs (the 2021-1 Aircraft EETCs) in connection with the financing of 26 aircraft previously delivered or originally scheduled to be delivered to American through September 2022 (the 2021-1 Aircra... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
remaining proceeds held in escrow, and all proceeds have been used to purchase equipment notes issued by American. Interest and principal payments on equipment notes issued in connection with the 20... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
$202 million
Fixed interest rate per annum
2.875%
3.95%
Maturity date
July 2034
July 2030
(e) Equipment Loans and Other Notes Payable Issued in 2022
In 2022, American entered into agreement... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Terminal 8. The construction project is expected to be fully completed in early 2023 and is estimated to cost $439 million, of which $298 million was funded with proceeds of the special facility rev... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
on the outstanding bonds issued by NYTDC on behalf of American in 2016 and 2020 (the 2016 and 2020 JFK Bonds) and American and AAG continue to guarantee the 2016 and 2020 JFK Bonds. American’s and A... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ory Notes), in the aggregate principal sum of $3.7 billion which provides for the guarantee of our obligations under the PSP Promissory Notes by the Subsidiaries.
The PSP Promissory Notes bear inter... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Promissory Notes, together with all accrued and unpaid interest thereon and all other amounts payable under the PSP Promissory Notes, will be due and payable on the maturity date.
The PSP Promissor... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to prepay the aggregate outstanding principal amount of the PSP Promissory Notes at such time, together with any accrued interest or other amounts owing under the PSP Promissory Notes at such time.
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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, which began on January 1, 2021. The Convertible Notes will matur... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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.
In addition, following certain corporate events tha... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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 convers... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
but excluding, the redemption date.
The following table provides information relating to the Convertible Notes as of December 31, 2022 and 2021 (in millions):
December 31,
2022
2021
Principal a... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2022, the if-converted value of the Convertible Notes did not exceed the principal amount. The last reported sale price per share of our common stock (as defined in the Convertible Notes Indenture) d... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the Convertible Notes Indenture. We may settle conversions by paying or delivering, as applicable, cash, shares of our common stock or a combination of cash and shares of our common stock, at our el... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
had issued guarantees covering approximately $18.3 billion of American’s secured debt (and interest thereon), including the Credit Facilities, the AAdvantage Financing, certain EETC financings and $... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
debt financing agreements (including our secured notes, term loans, revolving credit facilities and spare engine EETCs) contain loan to value (LTV), collateral coverage or peak debt service coverage... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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
110
Table of... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
:
2013 Credit Facilities
2014 Credit Facilities
April 2016 Revolving Facility
10.75% Senior Secured Notes
11.75% Senior Secured Notes
Frequency of Appraisals of Appraised Collateral
Annual
An... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
certain slots, route authorities and airport gate leasehold rights used by American to operate certain services between the U.S. and European Union (including London Heathrow)
Generally, certain sp... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
. As of December 31, 2022, we operated 722 leased aircraft, with remaining terms ranging from less than one year to 11 years.
At each airport where we conduct flight operations, we have agreements, ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
serve, we lease administrative offices, catering, cargo, training, maintenance and other facilities.
The components of lease expense were as follows (in millions):
Year Ended December 31,
2022
2... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, 2022, 2021 and 2020, respectively. We hold a 25% equity interest in Republic Holdings, the parent company of Republic.
Additionally, not included in the table above, we recognized $109 million in ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
:
Operating lease ROU assets
8,094
7,850
Current operating lease liabilities
1,465
1,507
Noncurrent operating lease liabilities
6,559
6,610
Total operating lease liabilities
8,024
8,117
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ed average discount rate:
Operating leases
7.4
6.3
Finance leases
7.2
6.1
Supplemental cash flow and other information related to leases was as follows (in millions):
Year Ended December 31,
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
lease conversion to finance lease
107
102
Finance lease conversion to operating lease
Gain on sale leaseback transactions, net
25
107
112
Table of Contents
NOTES TO CONSOLIDATED FINANCIAL S... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2,751)
(131)
Total lease obligations
8,024
761
Less: Current obligations
(1,465)
(216)
Long-term lease obligations
6,559
545
As of December 31, 2022, we had additional operating lease comm... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Federal
59
(508)
(2,335)
State and local
(47)
(233)
Deferred income tax provision (benefit)
65
(555)
(2,568)
Total income tax provision (benefit)
59
(555)
(2,568)
The income tax provis... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(2)
(6)
(2)
Income tax provision (benefit)
59
(555)
(2,568)
113
Table of Contents
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC
The components of our deferred ta... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
assets
9,832
10,379
Valuation allowance
(19)
(34)
Net deferred tax assets
9,813
10,345
Deferred tax liabilities:
Accelerated depreciation and amortization
(4,630)
(4,747)
Leases
(1,832... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
billion will expire beginning in 2024 if unused and $14.6 billion can be carried forward indefinitely. We also had approximately $6.0 billion of NOL carryforwards to reduce future state taxable inco... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
assets. Many factors are considered that impact our assessment of future profitability, including conditions which are beyond our control, such as the health of the economy, the availability and pri... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
under Section 382; however, our ability to utilize such NOL carryforwards is not anticipated to be effectively constrained as a result of such limitation. Similar limitations may apply for state inc... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
taxes is attributable to the United States.
114
Table of Contents
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC
The Inflation Reduction Act (IRA) was enacted on Augus... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
on our consolidated financial statements.
We file our tax returns as prescribed by the tax laws of the jurisdictions in which we operate. Our 2019 through 2021 tax years are still subject to examin... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
value is defined as the price that would be received from the sale of an asset or paid to transfer a liability (i.e. an exit price) on the measurement date in an orderly transaction between market p... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
3 – Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
When available, we use quoted market prices to determine the f... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
techniques or inputs occurred during the year ended December 31, 2022.
Assets measured at fair value on a recurring basis are summarized below (in millions):
Fair Value Measurements as of December... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
765
1,512
8,253
115
Table of Contents
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC
Fair Value Measurements as of December 31, 2021
Total
Level 1
Level 2
Level 3... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Total
13,387
1,001
12,386
(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 comprehensiv... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
China Southern Airlines) and Vertical Aerospace Ltd. (Vertical) and as of December 31, 2022, our long-term investments also include GOL. See Note 8 for further information on our equity investments.
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
classified as Level 2, was $1.1 billion and $1.4 billion as of December 31, 2022 and December 31, 2021, respectively.
The carrying value and estimated fair value of our long-term debt, including cu... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
network and as part of our ongoing commitment to sustainability, we enter into various commercial relationships or other strategic partnerships, including equity investments, with other airlines and... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
176
163
Other investments (a)
Various
212
83
Total
610
448
(a) Other investments
Other investments primarily include our investment in Vertical, which is accounted for at fair value, and in... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
commercial agreements. The ownership interest is accounted for at fair value based on GOL’s stock price and mark-to-market adjustments are recorded to nonoperating other income, net on the consolida... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
retirement. Effective November 1, 2012, substantially all of our defined benefit pension plans were frozen and we began providing enhanced benefits under our defined contribution pension plans for c... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
this transition. Due to this transition, as of December 31, 2020, we recognized a negative plan amendment to reduce our benefit obligation, which was included as a component of prior service benefit... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
e medical and other postretirement benefits obligations, fair value of plan assets and a statement of funded status as of December 31, 2022 and 2021:
Pension Benefits
Retiree Medical and Other Post... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
822)
(74)
(72)
Benefit obligation at end of period
14,037
18,910
906
1,098
Fair value of plan assets at beginning of period
14,691
13,557
167
170
Actual return (loss) on plan assets
(1,... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(1)
The 2022 and 2021 pension actuarial gain primarily relates to the change in our weighted average discount rate assumption.
(2)
The 2022 and 2021 retiree medical and other postretirement benefi... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
enhanced healthcare benefits and increased our postretirement benefits obligation by $139 million.
(4)
In January 2021, we made $241 million in contributions to our pension plans, including a cont... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
118
Table of Contents
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC
Pension Benefits
Retiree Medical and Other Postretirement Benefits
2022
2021
2022
2021
(In m... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
benefit obligation
14,037
18,910
Fair value of plan assets
11,884
14,691
Plans with Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets
Pension Benefits
Retiree Medical and O... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2021
2020
(In millions)
Defined benefit plans:
Service cost
16
12
Interest cost
556
526
615
30
30
30
Expected return on assets
(1,138)
(1,084)
(1,010)
(12)
(12)
(11)
Special te... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
6%
3.0%
5.7%
2.8%
Pension Benefits
Retiree Medical andOther Postretirement Benefits
2022
2021
2020
2022
2021
2020
Net periodic benefit cost (income):
Weighted average discount rate
3.0%... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
1)
The weighted average health care cost trend rate at December 31, 2022 is assumed to decline gradually to 4.4% by 2029 and remain level thereafter.
As of December 31, 2022, our estimate of the lo... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
pension plans under the minimum funding requirements of the Employee Retirement Income Security Act of 1974 (ERISA) and various other laws for U.S. based plans as well as underfunding rules specific... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2025
2026
2027
2028-2032
Pension benefits
920
949
978
1,003
1,024
5,264
Retiree medical and other postretirement benefits
102
100
98
97
95
428
120
Table of Contents
NOTES TO CONSO... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
long-term strategic asset allocation has been established. This strategic allocation seeks to balance the potential benefit of improving the funded position with the potential risk that the funded p... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
%
High Yield and Emerging Markets
0% - 10%
Private Income
0% - 15%
Other
0% - 5%
Cash Equivalents
0% - 20%
Public equity investments are intended to provide a real return over a full market ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
on a fully collateralized basis. The pension plan’s master trust will also engage in derivative instruments to equitize residual levels of cash as well as hedge the pension plan’s exposure to intere... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
day. Common/collective trusts are valued at NAV based on the fair values of the underlying investments of the trusts as determined by the sponsor of the trusts. No changes in valuation techniques or... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2
Level 3
Total
Equity (2)
3,097
3,097
4,639
4,645
Fixed income (3)
227
2,917
3,144
183
3,994
4,177
Other (4)
74
278
75
427
134
340
54
528
Measured at NAV (5):
Common collect... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
hierarchy.
(2)
Equity investments include domestic and international common stock, preferred stock, mutual funds and exchange traded funds invested in equity securities.
(3)
Fixed income investm... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, requests for withdrawals must meet specific requirements with advance notice of redemption preferred.
(7)
Private investments include limited partnerships that invest primarily in domestic privat... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(in millions):
2022
2021
Balance at beginning of year
58
17
Actual gain on plan assets:
Relating to assets still held at the reporting date
10
Purchases
29
32
Sales
(9)
(1)
Transfers ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Contents
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC
Defined Contribution and Multiemployer Plans
The costs associated with our defined contribution plans were $949 ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Pension Fund reported $507 million in employers’ contributions for the year ended December 31, 2021, which is the most recent year for which such information is available. For 2021, our contribution... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
17, 2019 (the Rehabilitation Plan). Under the Rehabilitation Plan, we were subject to an immaterial contribution surcharge, which ceased to apply June 14, 2019 upon our mandatory adoption of a contri... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2020
(6,236)
(2)
(865)
(7,103)
Other comprehensive income (loss) before reclassifications
1,297
(293)
1,004
Amounts reclassified from AOCI
203
(46)
(2)
157
Net current-period other comp... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(loss)
1,758
(4)
(397)
1,357
Balance at December 31, 2022
(2,978)
(6)
(1,601)
(4,585)
(1)
Relates principally to pension, retiree medical and other postretirement benefits obligations tha... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
AOCI
Affected line items on theconsolidated statements ofoperations
Year Ended December 31,
AOCI Components
2022
2021
Amortization of pension, retiree medical and other postretirement benefits... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
11. Commitments, Contingencies and Guarantees
(a) Aircraft, Engine and Other Purchase Commitments
Under all of our aircraft and engine purchase agreements, our total future commitments as of Decemb... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
and 2021, respectively.
Due to the uncertainty surrounding the timing of delivery of certain aircraft, the amounts in the table represent our most current estimate based on contractual delivery sch... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
capacity purchase agreements with third-party regional carriers. The capacity purchase agreements provide that all revenues, including passenger, in-flight, ancillary, mail and freight revenues, go ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
respective terms of certain agreements.
As of December 31, 2022, American’s minimum obligations under its capacity purchase agreements with third-party regional carriers are as follows (approximate... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
flown under these capacity purchase agreements, which are reflected in the operating lease obligations in Note 5.
124
Table of Contents
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRL... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
LAX, in connection with a $1.6 billion modernization project related to LAX Terminals 4 and 5. Construction, which started in October 2018 and is expected to be completed in 2028, will occur in a ph... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
at LAX. In 2022, American completed construction of the Terminal 4 and 5 core, which provides a central location between the terminals and allows direct access to the check-in lobby and baggage clai... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
balance sheets and included within airport construction projects, net of reimbursements on our consolidated statements of cash flows. As of December 31, 2022, we have sold and transferred $176 milli... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
reflected as financing activities on our consolidated statement of cash flows.
JFK
In January 2020, American and British Airways announced the start of construction projects to upgrade New York's ... |
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