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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.
on long-term debt and finance leases
(2,326)
(661)
Proceeds from issuance of long-term debt
1,824
367
Other financing activities
(37)
(16)
Net cash used in financing activities
(539)
(310... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
paid
(1)
The following table provides a reconciliation of cash and restricted cash to amounts reported within the condensed consolidated balance sheets:
Cash
452
376
Restricted cash included i... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,799)
Net income
10
10
Other comprehensive income, net
18
18
Issuance of 2,175,213 shares of AAG common stock pursuant to employee stock plans net of shares withheld for cash taxes
(16)
(15)... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
635)
Other comprehensive income, net
26
26
Issuance of 1,770,173 shares of AAG common stock pursuant to employee stock plans net of shares withheld for cash taxes
(14)
(14)
Share-based compens... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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, 2022. The accompanying una... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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 signif... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
1)
Severance expenses in the first quarter of 2023 primarily included costs associated with headcount reductions in certain corporate functions.
(2)
Fleet impairment in the first quarter of 2022 i... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
GROUP INC.
(Unaudited)
3. Earnings (Loss) Per Common Share
The following table provides the computation of basic and diluted earnings (loss) per common share (EPS) (in millions, except share and ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ilutive effect of restricted stock unit awards
1,064
Dilutive effect of certain PSP Warrants and Treasury Loan Warrants
3,643
Diluted weighted average common shares outstanding
656,707
649,503
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
because inclusion of such shares would be antidilutive are certain shares underlying the warrants we issued to the U.S. Department of Treasury (Treasury) pursuant to (i) the payroll support program ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Warrants:
Warrants
Warrants Issued (shares, in thousands)
Exercise Price
Expiration
PSP1 Warrants
14,048
12.51
April 2025 to September 2025
PSP2 Warrants
6,576
15.66
January 2026 to Apri... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the significant categories comprising our operating revenues (in millions):
Three Months Ended March 31,
2023
2022
Passenger revenue:
Passenger travel
10,291
7,213
Loyalty revenue - travel (... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
geographic region (in millions):
Three Months Ended March 31,
2023
2022
Domestic
8,037
6,060
Latin America
1,915
1,227
Atlantic
931
466
Pacific
220
65
Total passenger revenue
11,103... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
31, 2023
December 31, 2022
(In millions)
Loyalty program liability
9,367
9,145
Air traffic liability
9,053
6,745
Total
18,420
15,890
13
Table of Contents
NOTES TO CONDENSED CONSOLIDATED... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2022
9,145
Deferral of revenue
1,057
Recognition of revenue (1)
(835)
Balance at March 31, 2023 (2)
9,367
(1)
Principally relates to revenue recognized from the redemption of mileage credit... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
every 24 months or if the AAdvantage member is the primary holder of a co-branded credit card. As of March 31, 2023, our current loyalty program liability was $3.5 billion and represents our current... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ended March 31, 2023, $3.8 billion of revenue was recognized in passenger revenue that was included in our air traffic liability at December 31, 2022. Tickets issued in 2022 and thereafter are no lo... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
):
March 31, 2023
December 31, 2022
Secured
2013 Term Loan Facility, variable interest rate of 8.15%, installments through 2028
1,000
1,752
2014 Term Loan Facility, variable interest rate of 6... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
6
200
200
7.25% senior secured notes, interest only payments until due in February 2028
750
5.50% senior secured notes, installments beginning in July 2023 until due in April 2026 (1)
3,500
3,... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
7.13%, averaging 3.70%, maturing from 2023 to 2034
8,776
9,175
Equipment loans and other notes payable, fixed and variable interest rates ranging from 3.32% to 8.20%, averaging 6.37%, maturing fr... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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 not... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Long-term debt, net of current maturities
31,089
31,844
(1)
Collectively referred to as the AAdvantage Financing.
As of March 31, 2023, the maximum availability under our revolving credit and ot... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
expire in December 2023. As a result of the below amendments to the 2013, 2014 and April 2016 Revolving Facilities, the aggregate commitments under these facilities will be $2.8 billion through Octo... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, the if-converted value of the 6.50% convertible senior notes due 2025 (the Convertible Notes) did not exceed the principal amount. The last reported sale price per share of our common stock (as def... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
convertible at a rate of 61.7284 shares of our common stock, subject to adjustment as provided in the Convertible Notes Indenture. We may settle conversions by paying or delivering, as applicable, c... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
.25% Senior Secured Notes
16
Table of Contents
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC.
(Unaudited)
Further, if certain change of control transactions... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
certain commitments under the 2014 Revolving Facility. The Ninth Amendment also amended certain other terms of the 2014 Credit Agreement including the requirements for delivery of appraisals and cer... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
a tenor of one, three or six months, depending on the interest period selected by American (subject to a floor of 0.00%), plus the SOFR adjustment applicable to such interest period plus an applicab... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of certain commitments under the April 2016 Revolving Facility. The Sixth Amendment also amended certain other terms under the April 2016 Credit Agreement including the requirements for delivery of ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
11, 2024, the aggregate commitments under the April 2016 Revolving Facility will be $446 million, and thereafter through October 13, 2026, such aggregate commitments will decrease to $342 million.
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
.2 billion of gross federal net operating losses (NOLs) and $4.3 billion of other carryforwards available to reduce future federal taxable income, of which $5.9 billion will expire beginning in 2024 ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
not that some portion, or all of our deferred tax assets, will not be realized. We consider all available positive and negative evidence and make certain assumptions in evaluating the realizability ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
$7 million and an income tax benefit of $451 million, respectively.
7. Fair Value Measurements
Assets Measured at Fair Value on a Recurring Basis
We utilize the market approach to measure the fai... |
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
Short-term investments (1), (2):
Money market funds
3,296
3,296
Corporate obligations
4,453
4,453
Bank notes/certificates of deposit/time deposits
2,442
2,442
Repurchase agreem... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
recorded in accumulated other comprehensive loss at each reporting period. There were no credit losses.
18
Table of Contents
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLI... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
.
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 si... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
including current maturities, were as follows (in millions):
March 31, 2023
December 31, 2022
CarryingValue
FairValue
CarryingValue
FairValue
Long-term debt, including current maturities
34,... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
.
Our equity investment ownership interests and carrying values were:
Ownership Interest
Carrying Value (in millions)
Accounting Treatment
March 31, 2023
December 31, 2022
March 31, 2023
Dece... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
19
Table of Contents
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC.
(Unaudited)
9. Employee Benefit Plans
The following table provides the components of net... |
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 income
(5)
(100)
(2)
Effective November 1, 2012, substantially all of our defined benefit pension plans were frozen.
The service cost component of net periodic benefit in... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Investments
Income TaxProvision (1)
Total
Balance at December 31, 2022
(2,978)
(6)
(1,601)
(4,585)
Other comprehensive income (loss) before reclassifications
(1)
Amounts reclassified from ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2)
Relates to pension, retiree medical and other postretirement benefits obligations and is recognized within the income tax provision (benefit) on the condensed consolidated statements of operation... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
20
Table of Contents
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC.
(Unaudited)
11. Regional Expenses
Our regional carriers provide scheduled air transpor... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2022, we recognized $168 million and $150 million, respectively, of expense under our capacity purchase agreement with Republic Airways Inc. (Republic). We hold a 25% equity interest in Republic Airw... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ger) 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’... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
in our favor. On March 25, 2022, the U.S. District Court for the Southern District of New York entered judgment affirming the Bankruptcy Court’s decision. On April 21, 2022, plaintiffs appealed that... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
.
Government Antitrust Action Related to the Northeast Alliance.
On September 21, 2021, the United States Department of Justice (the DOJ), joined by Attorneys General from six states and the Distri... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the United States Department of Transportation (DOT) published a Clarification Notice relating to the agreement that had been reached between the DOT, American, and JetBlue in January 2021, at the c... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of the DOJ action described above. On September 30, 2022, the DOT issued a further statement referencing the prior Clarification Notice and, among other things, indicating its intention to continue ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
U.S. antitrust law in connection with the previously disclosed NEA. These actions were consolidated on January 10, 2023. The private party plaintiffs filed an amended consolidated complaint on Febru... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
without merit and are defending against them vigorously.
General.
In addition to the specifically identified legal proceedings, we and our subsidiaries are also engaged in other legal proceedings ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
D CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions)(Unaudited)
Three Months Ended March 31,
2023
2022
Operating revenues:
Passenger
11,103
7,818
Cargo
223
364
Other
862
714
Total ope... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
492
Special items, net
13
157
Other
1,460
1,286
Total operating expenses
11,749
10,592
Operating income (loss)
439
(1,696)
Nonoperating income (expense):
Interest income
231
11
Int... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(In millions)(Unaudited)
Three Months Ended March 31,
2023
2022
Net income (loss)
85
(1,578)
Other comprehensive incom... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
)
March 31, 2023
December 31, 2022
(Unaudited)
ASSETS
Current assets
Cash
443
429
Short-term investments
11,039
8,523
Restricted cash and short-term investments
955
995
Accounts receiv... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
479
Equipment purchase deposits
640
613
Total property and equipment, at cost
49,906
49,451
Less accumulated depreciation and amortization
(20,073)
(19,569)
Total property and equipment, ne... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,324
LIABILITIES AND STOCKHOLDER’S EQUITY
Current liabilities
Current maturities of long-term debt and finance leases
3,572
3,267
Accounts payable
2,373
2,071
Accrued salaries and wages
1,6... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
retirement benefits
2,712
2,811
Loyalty program liability
5,881
5,976
Operating lease liabilities
6,280
6,512
Other liabilities
1,371
1,195
Total noncurrent liabilities
42,596
43,649
C... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
stockholder’s equity
72,498
70,324
See accompanying notes to condensed consolidated financial statements.
25
Table of Contents
AMERICAN AIRLINES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CAS... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
54)
Net cash used in investing activities
(2,785)
(741)
Cash flows from financing activities:
Payments on long-term debt and finance leases
(2,324)
(339)
Proceeds from issuance of long-term d... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Supplemental information:
Interest paid, net
585
502
Income taxes paid
(1)
The following table provides a reconciliation of cash and restricted cash to amounts reported within the condensed c... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(4,690)
(6,947)
5,593
Net income
85
85
Other comprehensive income, net
18
18
Share-based compensation expense
14
14
Balance at March 31, 2023
17,244
(4,672)
(6,862)
5,710
CommonSto... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
31, 2022
17,175
(6,015)
(8,863)
2,297
See accompanying notes to condensed consolidated financial statements.
27
Table of Contents
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF AMERI... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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 p... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
millions):
Three Months Ended March 31,
2023
2022
Severance expenses (1)
21
Fleet impairment (2)
149
Other operating special items, net
(8)
Mainline operating special items, net
13
157
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
a result of the decline in demand for air travel due to the COVID-19 pandemic.
(3)
Nonoperating special items, net principally included charges associated with debt refinancings and extinguishment... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Other:
Loyalty revenue - marketing services
722
596
Other revenue
140
118
Total other revenue
862
714
Total operating revenues
12,188
8,896
(1)
Loyalty revenue included in passenger r... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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 mi... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES, INC.
(Unaudited)
The balance of the loyalty program liability fluctuates based on seasonal patterns, which impact the volume of mileage credits issue... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
age credits are combined in one homogenous pool and are not separately identifiable. As such, the revenue is comprised of mileage credits that were part of the loyalty program deferred revenue balanc... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
as projected trends, with the balance reflected in long-term loyalty program liability expected to be recognized as revenue in periods thereafter.
The air traffic liability principally represents t... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Given this new flexibility offered to its customers, American’s estimate of revenue that will be recognized from the air traffic liability for future flown or unused tickets may be subject to variab... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
51%, installments through 2027
1,183
1,196
11.75% senior secured notes, interest only payments until due in July 2025
2,500
2,500
10.75% senior secured IP notes, interest only payments until du... |
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, installments beginning in July 2026 until due in April 2029 (1)
3,000
3,000
AAdvantage Term Loan Facility, variable interest rate of 9.56%, installments beginning in July... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
from 2023 to 2035
3,150
3,170
Special facility revenue bonds, fixed interest rates ranging from 2.25% to 5.38%, maturing from 2026 to 2036
1,050
1,050
Total long-term debt
29,609
30,043
Les... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
other facilities is as follows (in millions):
2013 Revolving Facility
736
2014 Revolving Facility
1,631
April 2016 Revolving Facility
446
Other short-term facilities
64
Total
2,877
Americ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, including revolving credit and other facilities, are collateralized by assets, consisting primarily of aircraft, engines, simulators, aircraft spare parts, airport gate leasehold rights, route auth... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, including certain covenants and transitioned the benchmark interest rate from LIBOR to SOFR. T
7.25% Senior Secured Notes
32
Table of Contents
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMEN... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
whole or in part at a repurchase price of 101% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to but not including the repurchase date.
2014 Credit Facilities
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
interest at the same base rate and applicable margin as the 2013 Revolving Facility, as noted above in “
2013 Credit Facilities.”
The 2014 Term Loan Facility bears interest at a base rate (subject... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Facility will be $1.6 billion, and thereafter through October 13, 2026, such aggregate commitments will decrease to $1.2 billion.
April 2016 Revolving Facility
In March 2023, American and AAG ente... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
base rate and applicable margin as the 2013 Revolving Facility, as noted above in “
2013 Credit Facilities.”
Additionally, a
s a result of the Sixth Amendment, through October 11, 2024, the aggre... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
applicable margin) averaging 7.04% as of March 31, 2023.
5. Income Taxes
At December 31, 2022, American had approximately $16.1 billion of gross federal net operating losses (NOLs) and $3.5 billio... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
through 2042 if unused.
33
Table of Contents
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES, INC.
(Unaudited)
American’s ability to use its NOLs and other carryforwar... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
as the health of the economy, the availability and price volatility of aircraft fuel and travel demand. American has determined that positive factors outweigh negative factors in the determination o... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
identical or comparable assets. American’s short-term investments, restricted cash and restricted short-term investments classified as Level 2 primarily utilize broker quotes in a non-active market ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
450
450
U.S. government and agency obligations
400
400
11,039
3,295
7,744
Restricted cash and short-term investments (1), (3)
955
486
469
Long-term investments (4)
246
246
Total
12,... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the AAdvantage Financing.
(4)
Long-term investments include American’s equity investments in China Southern Airlines Company Limited (China Southern Airlines), GOL Linhas Aéreas Inteligentes S.A. ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, INC.
(Unaudited)
The carrying value and estimated fair value of American’s long-term debt, including current maturities, were as follows (in millions):
March 31, 2023
December 31, 2022
Carryin... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
financial results and changes in fair value are recorded in nonoperating other income, net on the condensed consolidated statements of operations.
American’s equity investment ownership interests a... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
is accounted for under the equity method, and American’s investments in GOL and Vertical, which are each accounted for at fair value.
8. Employee Benefit Plans
The following table provides the com... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
)
(99)
(2)
Effective November 1, 2012, substantially all of American’s defined benefit pension plans were frozen.
The service cost component of net periodic benefit income is included in operatin... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
follows (in millions):
Pension,RetireeMedical andOtherPostretirementBenefits
Unrealized Gain (Loss) on Investments
Income TaxProvision (1)
Total
Balance at December 31, 2022
(2,974)
(6)
(1,7... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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 oth... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Actuarial loss
14
25
Nonoperating other income (expense), net
Total reclassifications for the period, net of tax
17
28
10. Regional Expenses
American’s regional carriers provide scheduled a... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
months ended March 31, 2023 and 2022, American recognized $168 million and $150 million, respectively, of expense under its capacity purchase agreement with Republic Airways Inc. (Republic). America... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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.
36
Table of Contents
NOTE... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of US Airways Group and AMR Corporation (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 ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2021, the Bankruptcy Court published its decision finding in American’s favor. On March 25, 2022, the U.S. District Court for the Southern District of New York entered judgment affirming the Bankrupt... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to continue to vigorously defend against any further appeals by the plaintiffs.
Government Antitrust Action Related to the Northeast Alliance.
On September 21, 2021, the United States Department o... |
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