Private company

American Airlines

Logo: American Airlines, Public domain, via Wikimedia Commons4

Airline of the United States

American Airlines, Inc. is a major airline in the United States headquartered in Fort Worth, Texas, within the Dallas–Fort Worth metroplex. It is the largest airline in the world in terms of passengers carried and daily flights. American, along with its regional subsidiaries and contractors operating under the brand name American Eagle, operates an extensive international and domestic network with almost 6,800 flights per day to nearly 350 destinations in 48 countries.3 Its chief executive is Doug Parker (since 2013).1 It is part of American Airlines Group.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Apr 15, 1926Founded1
  • IndustryAir Transportation, Scheduled1
  • HeadquartersFort Worth1
  • Founded inFort Worth1
  • Websitewww.aa.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address1 Skyview Drive, Fort Worth, Tx 761555
N189AN KJFK (37741857042)
Photo: Venkat Mangudi, CC BY-SA 2.0, via Wikimedia Commons7

American Airlines, Inc. is a major airline in the United States headquartered in Fort Worth, Texas, within the Dallas–Fort Worth metroplex. It is the largest airline in the world in terms of passengers carried and daily flights. American, along with its regional subsidiaries and contractors operating under the brand name American Eagle, operates an extensive international and domestic network with almost 6,800 flights per day to nearly 350 destinations in 48 countries. The airline is also a founding member of the Oneworld alliance, one of the world's three major airline alliances.3

Corporate structure

American Airlines is part of a group headed by American Airlines Group. 48 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • American Airlines Group Fort Worth, Texas, United States
    • American Airlines Fort Worth
    • American Eagle Subsidiary · Fort Worth
    • Envoy Air Subsidiary · Fort Worth
    • Piedmont Airlines Subsidiary · Salisbury
    • PSA Airlines Subsidiary · Dayton
    • US Airways Subsidiary · Tempe, Arizona, United States
    • US Airways Express Subsidiary · Tempe
    • US Airways Shuttle Subsidiary · Crystal City
    • 2013-2B, LLC Subsidiary · Delaware, United States
    • AAdvantage Holdings 1, Ltd. Subsidiary · Cayman Islands
    • AAdvantage Holdings 2, Ltd. Subsidiary · Cayman Islands
    • AAdvantage Loyalty IP, Ltd. Subsidiary · Cayman Islands
    • AAG Private Placement-1 LLC Subsidiary · Delaware, United States
    • AAG Private Placement-1 Parent LLC Subsidiary · Delaware, United States
    • AAI Technology Services LLC Subsidiary · Delaware, United States
    • American Airlines Cargo Funding, LLC Subsidiary · Delaware, United States
    • American Airlines Marketing Services LLC Subsidiary · Virginia, United States
    • American Airlines Services India LLP Subsidiary · India
    • American Airlines Travel LLC Subsidiary · Texas, United States
    • American Aviation Supply LLC Subsidiary · Delaware, United States
    • Americas Ground Services, Inc. Subsidiary · Delaware, United States
    • Avion Assurance Ltd. Subsidiary · Bermuda
    • Eagle Aviation Services, Inc. Subsidiary · Delaware, United States
    • Envoy Air Inc. (operates under the trade name “American Eagle”) Subsidiary · Delaware, United States
    • Envoy Aviation Group Inc. Subsidiary · Delaware, United States
    • and 16 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What American Airlines reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Aircraft$641.0M8 Dec 31, 2011$605.0M8 Dec 31, 2010+6.0%
Property and equipment, net$13.0B9 Dec 31, 2012$13.8B9 Dec 31, 2011−5.7%

Real estate and locations

ItemLatestA year beforeChange
Countries it operates in509 Dec 31, 2012508 Dec 31, 20110%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$474.0M9 Dec 31, 2012$280.0M9 Dec 31, 2011+69.3%
Marketable securities, current$3.4B9 Dec 31, 2012$3.7B9 Dec 31, 2011−8.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$670.0M9 Dec 31, 2012$669.0M9 Dec 31, 2011+0.1%
Accumulated amortization$509.0M9 Dec 31, 2012$486.0M9 Dec 31, 2011+4.7%
Finite-lived intangibles, net$161.0M9 Dec 31, 2012$183.0M9 Dec 31, 2011−12.0%

Properties, in its own words

Flight Equipment

As of December 31, 2025, American operated a mainline fleet of 1,013 aircraft. During 2025, American accepted delivery of 40 mainline aircraft including 23 Boeing 737-8 MAX, 11 Boeing 787-9, five Airbus A321XLR and one Airbus A321neo and returned one leased mainline aircraft. We are supported by our wholly-owned and third-party regional carriers that fly under capacity purchase agreements operating as American Eagle. As of December 31, 2025, American Eagle operated 567 regional aircraft. During 2025, we decreased our regional fleet by 18 aircraft, including the return of 50 regional aircraft to third-party regional carriers and a lessor, offset by the addition of 30 regional aircraft and net of two regional aircraft returned to service from temporary storage.

The rest of Item 2

Mainline

As of December 31, 2025, American’s mainline fleet consisted of the following aircraft:

AverageSeatingCapacity · AverageAge(Years) · Owned · Leased · Total

Airbus A319 · 128 · 21.7 · 21 · 111 · 132

Airbus A320 · 150 · 24.7 · 12 · 36 · 48

Airbus A321 · 184 · 13.4 · 164 · 54 · 218

Airbus A321neo · 195 · 4.8 · 49 · 35 · 84

Airbus A321XLR (1) · 155 · 0.1 · 2 · — · 2

Boeing 737-800 · 172 · 16.1 · 138 · 165 · 303

Boeing 737-8 MAX · 172 · 3.7 · 56 · 33 · 89

Boeing 777-200ER · 273 · 25.0 · 44 · 3 · 47

Boeing 777-300ER · 304 · 11.8 · 18 · 2 · 20

Boeing 787-8 · 234 · 7.1 · 20 · 17 · 37

Boeing 787-9 · 271 · 5.6 · 23 · 10 · 33

Total · 14.3 · 547 · 466 · 1,013

(1)Excluded from the total operating aircraft count above are three owned Airbus A321XLR held in temporary storage as of December 31, 2025.

Regional

As of December 31, 2025, the fleet of our wholly-owned and third-party regional carriers operating as American Eagle consisted of the following aircraft:

Average SeatingCapacity · Owned · Leased · Owned or Leasedby Third PartyRegional Carrier · Total · Operating RegionalCarrier · Number ofAircraftOperated

Bombardier CRJ700 · 65 · 57 · 3 · 62 · 122 · SkyWest · 62

PSA · 60

Bombardier CRJ900 (1) · 76 · 86 · — · — · 86 · PSA · 86

Embraer E170 · 65 · 6 · 37 · 13 · 56 · Envoy · 43

Republic · 13

Embraer E175 · 76 · 136 · — · 96 · 232 · Envoy · 136

Republic · 76

SkyWest · 20

Embraer ERJ145 · 50 · 71 · — · — · 71 · Piedmont · 71

Total · 356 · 40 · 171 · 567 · 567

(1)Excluded from the total operating aircraft count above are four owned Bombardier CRJ900 held in temporary storage as of December 31, 2025.

See Note 11 to AAG’s Consolidated Financial Statements in Part II, Item 8A and Note 10 to American’s Consolidated Financial Statements in Part II, Item 8B for additional information on our capacity purchase agreements with third-party regional carriers.

Aircraft and Engine Purchase Commitments

As of December 31, 2025, we had definitive purchase agreements for the acquisition of the following new aircraft (1):

2026 · 2027 · 2028 · 2029 and Thereafter · Total

Airbus

A320 Family · 20 · 21 · 39 · 75 · 155

Boeing

737 Family · 14 · — · — · 115 · 129

787 Family · 1 · 3 · 5 · 10 · 19

Embraer

E175 · 20 · 13 · 17 · 30 · 80

Total · 55 · 37 · 61 · 230 · 383

(1)Delivery schedule represents our best estimate as of the date of this report as described in footnote (e) to the “Contractual Obligations” table in Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations. Actual delivery dates are subject to change, which could be material, based on various potential factors, including production delays by the equipment manufacturers and regulatory concerns.

In addition, we have committed to purchase four used Bombardier CRJ900 aircraft which are scheduled to be delivered in 2026. We also have agreements for 47 spare engines to be delivered in 2026 and beyond.

We intend to finance future aircraft deliveries and option exercises using long-term debt. See Note 11 to AAG’s Consolidated Financial Statements in Part II, Item 8A and Note 10 to American’s Consolidated Financial Statements in Part II, Item 8B for additional information on aircraft and engine acquisition commitments.

Ground Properties

At each airport where we conduct flight operations, we have agreements, generally with a governmental unit or authority, for the use of passenger, operations and baggage handling space as well as runways and taxiways. These agreements, particularly in the U.S., often contain provisions for periodic adjustments to rates and charges applicable under such agreements. These rates and charges also vary with our level of operations and the operations of the airport. Additionally, at our hub locations and in certain other cities we serve, we lease administrative offices, catering, cargo, training, maintenance and other facilities.

We lease, or have built on leased property, our headquarters and training facilities in Fort Worth, Texas, our principal overhaul and maintenance base in Tulsa, Oklahoma, our regional reservation offices, and administrative offices throughout the U.S. and abroad.

Item 2 of the 10-K filed Feb 18, 2026.10

Stakes and holdings (Wikidata)

  • American Way

Things Wikidata records the company as owning, with the share when stated.1

The story

The earliest predecessor company of American Airlines to commence operations was Robertson Aircraft Corporation, which began mail flights on April 15, 1926.

American Airlines was established in 1930 through the union of more than eighty small airlines. The two primary organizations from which American Airlines originated were Robertson Aircraft Corporation and Colonial Air Transport. The former was first created in Missouri in 1921, with both being merged in 1929 into holding company The Aviation Corporation. This, in turn, was made in 1930 into an operating company and rebranded as American Airways. In 1934, when new laws and attrition of mail contracts forced many airlines to reorganize, the corporation redid its routes into a connected system and was renamed American Airlines. The airline fully developed its international business between 1970 and 2000. It purchased Trans World Airlines in 2001.

American Airlines played a direct role in developing the Douglas DC-3, which grew out of a marathon telephone call from American Airlines CEO C. R. Smith to Douglas Aircraft Company founder Donald Wills Douglas Sr.. During the call, Smith persuaded a reluctant Douglas to design a sleeper aircraft based on the DC-2 to replace American's Curtiss Condor II biplanes. The existing DC-2 cabin was 66 inches (1.7 m) wide, making it too narrow for side-by-side berths. Douglas agreed to proceed with development only after Smith informed him of American Airline's intention to purchase 20 aircraft.

The prototype Douglas Sleeper Transport (DST) first flew on December 17, 1935, which marked the 32nd anniversary of the Wright Brothers' flight at Kitty Hawk, North Carolina. Its cabin was 92 in (2.3 m) wide. A modified version configured with 21 seats instead of the DST's 14 to 16 sleeping berths was given the designation DC-3. There was no prototype for the DC-3; the first unit built followed seven DSTs off the production line and was delivered straight to American Airlines. American Airlines inaugurated its passenger service on June 26, 1936, with simultaneous flights departing from Newark, New Jersey, and Chicago, Illinois.

American also had a direct role in the development of the DC-10, which resulted from a specification from the airline to manufacturers in 1966 for a widebody aircraft smaller than the Boeing 747 but capable of flying similar long-range routes from airports with shorter runways. McDonnell Douglas responded with the DC-10 trijet shortly after the two companies' merger. On February 19, 1968, the president of American Airlines, George A. Spater, and James S. McDonnell of McDonnell Douglas announced American's intention to acquire the DC-10. American Airlines ordered 25 DC-10s in its first order. The DC-10 made its first flight on August 29, 1970, and received its type certificate from the FAA on July 29, 1971. On August 5, 1971, the DC-10 entered commercial service with American Airlines on a round-trip flight between Los Angeles and Chicago.

In 2011, due to a downturn in the airline industry, American Airlines' parent company, the AMR Corporation, filed for bankruptcy protection. In 2013, American Airlines merged with US Airways but kept the American Airlines name, as it was the more globally recognized brand. The combination of the two airlines created the largest airline in the United States, and ultimately the world.

In December 2023, the company was added to the Dow Jones Sustainability World Index, and was included for a second consecutive year in December 2024.

From Wikipedia’s article on American Airlines, shared under CC BY-SA 4.0.6

Leadership

Who has led American Airlines, and when. Pick a name to see everywhere that person has worked.

Products and brands

Hubs

As of May 2024 American operates ten hubs:

Charlotte: American's hub for the southeastern United States and secondary Caribbean gateway.

Chicago–O'Hare: American's hub for the Midwest.

Dallas/Fort Worth: American's hub for the southern United States and largest hub overall.

Read the full text

Los Angeles: American's hub for the West Coast and transpacific gateway.

Miami: American's primary Latin American and Caribbean hub.

New York–JFK: American's secondary transatlantic hub mainly serves destinations with high demand from local New York traffic.

New York–LaGuardia: American's New York hub for domestic flights with a few exceptions.

Philadelphia: American's primary transatlantic hub and Northeastern Hub.

Phoenix–Sky Harbor: American's southwestern hub.

Washington–National: American's hub for the capital of the United States.

Alliance and codeshare agreements

American Airlines is a member of Oneworld alliance and have codeshares with the following airlines:

Joint ventures

American Airlines has established three joint ventures with fellow Oneworld alliance members, expanding beyond basic codesharing to include coordinated route planning, scheduling, and revenue sharing on jointly operated routes. The Atlantic Joint Business covers transatlantic flights with Aer Lingus, British Airways, Finnair and Iberia. The Pacific Joint Business encompasses transpacific flights with Japan Airlines. A joint venture with Qantas covers routes between the United States, Australia, and New Zealand.

Additionally, American Airlines partners with The Landline Company to provide "tarmac-to-tarmac" coach bus connections to and from two hubs: O'Hare to Rockford and South Bend; and Philadelphia to Allentown/Bethlehem, Atlantic City, Trenton–Mercer, Wilkes-Barre/Scranton, and Wilmington.

Interline agreements

American Airlines have interline agreements with the following airlines:

From Wikipedia’s article on American Airlines, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Parent company

Owners

Subsidiaries

Also owns

  • American Way

Former owners and parents

From Wikidata.1

Acquisitions

  1. Succeeded Colonial Western Airways1

Former names

  • AMERICAN AIRLINES INCApr 29, 1994 to Aug 15, 20195

Timeline

  1. Aug 12, 20268-K Entered a material agreement; New debt or obligation11
  2. Jul 29, 20268-K Entered a material agreement12
  3. May 15, 20268-K Entered a material agreement; New debt or obligation13
  4. Apr 28, 20268-K Entered a material agreement14
  5. Nov 13, 20258-K Entered a material agreement; New debt or obligation15
  6. Oct 29, 20258-K Other events16
  7. Nov 12, 20218-K Entered a material agreement; New debt or obligation17
  8. Oct 28, 20218-K Entered a material agreement18
  9. Oct 26, 20218-K Entered a material agreement19
  10. Dec 9, 2013New chief executive Doug Parker becomes CEO1
  11. Dec 9, 2013Acquired Acquired by American Airlines Group1
  12. Oct 1, 1982Acquired Acquired by AMR Corporation1
  13. 1974New chief executive Albert Vincent Casey becomes CEO1
  14. Apr 15, 1926Founded Founded in Fort Worth1

Filings

42 filings to the SEC since October 2021: 9 major events, 33 other. The latest 20:

  1. Aug 14, 202613F-NT EDGAR
  2. Aug 12, 20268-K EDGAR
  3. Jul 31, 2026144 EDGAR
  4. Jul 29, 20268-K EDGAR
  5. Jul 28, 2026144 EDGAR
  6. Jul 27, 2026FWP EDGAR
  7. Jun 25, 2026144 EDGAR
  8. Jun 24, 2026144 EDGAR
  9. May 15, 20268-K EDGAR
  10. May 15, 202613F-NT EDGAR
  11. Apr 28, 2026424B5 EDGAR
  12. Apr 28, 2026424B5 424(B)(5) EDGAR
  13. Apr 28, 20268-K EDGAR
  14. Apr 27, 2026FWP EDGAR
  15. Apr 27, 2026424B5 EDGAR
  16. Apr 27, 2026424B5 424(B)(5) EDGAR
  17. Feb 17, 202613F-NT EDGAR
  18. Dec 16, 2025144 EDGAR
  19. Dec 9, 2025144 EDGAR
  20. Nov 13, 20258-K EDGAR

The 42 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$9.5B 2008–2026
Figures by year
YearFederal grantsOther federal assistanceFederal contractsTotal
2026–$8.1M$6.9M$15.0M
2025–$26.1M$5.1M$31.2M
2024–$20.1M$19.4M$39.4M
2023–$13.6M$565.6K$14.2M
2022––$2.0M$2.0M
2021–$3.3B$23.9M$3.3B
2020–$6.0B$12.0M$6.0B
2019–$5.5M$7.9M$13.4M
2018–$8.8M$6.7M$15.5M
2017$528.2K$3.9M$1.6M$6.0M
2016$773.3K$4.7M$121.9K$5.6M
2015––$226.5K$226.5K
2014$1.4M$7.2M$478.2K$9.1M
2013––$883.6K$883.6K
2012––$1.3M$1.3M
2011––$1.1M$1.1M
2010––$1.7M$1.7M
2009––$4.1M$4.1M
2008––$5.6M$5.6M

Federal awards

Obligated amounts from USAspending.gov20, by calendar year, 2008–2026, for its registration. Obligations are what agencies committed, not always what was paid out. Contracts pay for goods and services; grants, loans and direct payments are assistance. Loans are charted at the face value of the loans listed here. An award’s amount below is its lifetime total, and some began before the years charted.

Largest direct payments

  1. $6.0B from Departmental Offices: Coronavirus Relief - Pandemic Relief For Aviation Workers21 To AMERICAN AIRLINES, INC Award ACWS0060
  2. $3.5B from Departmental Offices: Coronavirus Relief - Pandemic Relief For Aviation Workers22 To AMERICAN AIRLINES, INC Award AWSE0003
  3. $3.3B from Departmental Offices: Coronavirus Relief - Pandemic Relief For Aviation Workers23 To AMERICAN AIRLINES, INC Award ATSE0233

Largest contracts

  1. Feb 1, 2021$7.4M from USTRANSCOM: Provide international commercial air cargo category a service for less than full plane loads to users authorized by ustranscom.24 To AMERICAN AIRLINES, INC Award HTC71121F8759
  2. Jan 31, 2021$5.4M from USTRANSCOM: Provide international commercial air cargo category a service for less than full plane loads to users authorized by ustranscom.25 To AMERICAN AIRLINES, INC Award HTC71121F8754
  3. Jan 1, 2008$3.0M from U.S. Citizenship and Immigration Services: Minimum guarantee delivery order26 To AMERICAN AIRLINES, INC Award HSSCCG08J00045
  4. May 1, 2024$2.7M from USTRANSCOM: To provide heavyweight delivery services for domestic & international shipments27 To AMERICAN AIRLINES, INC Award HTC71124F8176
  5. May 1, 2021$2.5M from USTRANSCOM: Provide international commercial air cargo category a service for less than full plane loads to users authorized by ustranscom.28 To AMERICAN AIRLINES, INC Award HTC71121F8875

SEC filer profile

How American Airlines is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAMERICAN AIRLINES, INC.2
  • CIK0000004515
  • Employer ID (EIN)75-182517210
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company10
  • Incorporated inDelaware10
  • Fiscal year endsDecember 312
  • Industry code (SIC)4512 Air Transportation, Scheduled2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address1 Skyview Drive, Fort Worth, TX 761552
  • Phone68227890002
  • Shares outstanding660,304,573 shares; 1,000 American Airlines Inc shares as of Feb 13, 202610
  • Public float$7.4B as of Jun 30, 202510
  • AuditorKPMG LLP, Dallas, TX PCAOB ID 185; it also attests to the company’s internal control over financial reporting10
  • On EDGAR sinceMar 31, 19942
  • Filings1,218 in all: 8-K (809), 10-Q (98), FWP (52), 424B5 (50), CT ORDER (41), 10-K (26), UPLOAD (22), 8-K/A (17)2
    All 35 form types

    424B3 (13), 424B2 (12), 10-Q/A (11), 10-K405 (7), S-3ASR (7), 144 (6), POS AM (6), CORRESP (5), S-4 (5), S-3 (4), 10-K/A (3), 13F-NT (3), EFFECT (3), 3 (2), 4 (2), S-3/A (2), SC 14D1/A (2), 15-12B (1), 3/A (1), 425 (1), 8-A12B/A (1), NT 10-K (1), POSASR (1), S-1 (1), S-1/A (1), S-4/A (1), SC 14D1 (1)

  • Latest filingsAnnual report (10-K) Feb 18, 2026
    Quarterly report (10-Q) Jul 23, 2026
    Latest 8-K (8-K) Aug 12, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par value per shareAALThe Nasdaq Global Select Market
Preferred Stock Purchase Rights

From the cover page of the 10-K filed Feb 18, 2026 (Section 12(b) of the Exchange Act).10

Risk factors and legal proceedings

The risks American Airlines names in Item 1A of its 10-K filed Feb 18, 2026: 39 risks under these headings, as written.10

  • Risks Related to our Business and Industry
  • Downturns in economic conditions could adversely affect our business.
  • We will need to obtain sufficient financing or other capital to operate successfully.
  • Our high level of debt and other obligations may limit our ability to fund general corporate requirements and obtain additional financing, may limit our flexibility in responding to competitive developments and may cause our business to be vulnerable to adverse economic and industry conditions.
  • If our financial condition worsens, provisions in our credit card processing and other commercial agreements may adversely affect our liquidity.
  • The loss of key personnel whom we depend on to operate our business, or the inability to attract, develop and retain additional qualified personnel could adversely affect our business.
  • Our business has been and will continue to be materially affected by many changing economic, geopolitical, commercial, regulatory and other conditions beyond our control, including global events that affect travel behavior, and our results of operations could be volatile and fluctuate materially due to changes in such conditions.
  • The airline industry is intensely competitive and dynamic.
  • Union disputes, employee strikes and other labor-related disruptions may adversely affect our operations and financial performance.
  • If we encounter problems with any of our third-party regional operators or third-party service providers, our operations could be adversely affected by a resulting decline in revenue or negative public perception about our services.
  • Any damage to our reputation or brand image could adversely affect our business or financial results.
  • We are at risk of losses and adverse publicity stemming from any public incident involving our company, our people or our brand, including any accident or other public incident involving our personnel or aircraft, or the personnel or aircraft of our regional, codeshare or joint business operators.
The other 28 risks
  • Changes to our business model that are designed to increase revenues and reduce costs may not be successful and may cause operational difficulties or decreased demand.
  • Our intellectual property rights, particularly our branding rights, are valuable, and any inability to protect them may adversely affect our business and financial results.
  • We may be a party to litigation in the normal course of business or otherwise, which could affect our financial position and liquidity.
  • We rely heavily on technology and automated systems, including AI, to operate our business and any failure of these technologies or systems could harm our business, results of operations and financial condition.
  • Evolving data privacy requirements (in particular, compliance with applicable federal, state and foreign laws relating to handling of personal information about individuals) could increase our costs, and any significant cybersecurity incident could disrupt our operations, harm our reputation, expose us to legal risks and otherwise materially adversely affect our business, results of operations and financial condition.
  • We are exposed to risks from cyberattacks, and any cybersecurity incidents involving us, our third-party service providers, or one of our AAdvantage partners or other business partners, could materially adversely affect our business, results of operations and financial condition.
  • New U.S. and international tax legislation may adversely affect our financial condition, results of operations and cash flows.
  • We have a significant amount of goodwill, which is assessed for impairment at least annually. In addition, we may never realize the full value of our intangible assets or long-lived assets, causing us to record material impairment charges.
  • The commercial relationships that we have with other companies, including any related equity investments, may not produce the returns or results we expect.
  • Our business is very dependent on the price and availability of aircraft fuel. Continued periods of high volatility in fuel costs, increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on consumer demand, our operating results and liquidity.
  • We can be adversely affected by any prolonged U.S. Government shutdown.
  • We operate a global business with international operations that are subject to economic and political instability and have been, and in the future may continue to be, adversely affected by numerous events, circumstances or government actions beyond our control.
  • We may be adversely affected by conflicts overseas, terrorist attacks or other acts of violence, domestically or abroad; the travel industry continues to face ongoing security concerns.
  • We are subject to risks associated with climate change, including increased regulation of our GHG emissions, changing consumer preferences and the potential for increased impacts of severe weather events on our operations and infrastructure.
  • We are subject to various risks associated with environmental and social matters.
  • We are subject to many forms of environmental and noise regulation and may incur substantial costs as a result.
  • A high level of pilot retirements, stringent duty time regulations, increased flight hour requirements for commercial airline pilots, reductions in the number of military pilots entering the commercial workforce, increased training requirements and other factors have caused a shortage of pilots that could materially adversely affect our business.
  • We depend on a limited number of suppliers for aircraft, aircraft engines and parts. Delays in scheduled aircraft deliveries, unexpected grounding of aircraft or aircraft engines whether by regulators or by us, or other loss of anticipated fleet capacity, and failure of new aircraft to receive regulatory approval, be produced or otherwise perform as and when expected, adversely impacts our business, results of operations and financial condition.
  • We rely on third-party distribution channels and must effectively manage the costs, 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 unable to operate our existing flight schedule and to expand or change our route network in the future, which may have a material adverse impact on our operations.
  • Interruptions or disruptions in service at one of our key facilities could have a material adverse impact on our operations.
  • Increases in insurance costs or reductions in insurance coverage may adversely impact our operations and financial results.
  • The airline industry is heavily taxed.
  • Risks Related to Ownership of AAG Common Stock
  • The price of AAG common stock has been and may in the future be volatile.
  • Our ability to utilize our net operating losses (NOLs) and other carryforwards may be limited.
  • AAG’s Certificate of Incorporation, Bylaws and Tax Benefit Preservation Plan include provisions that limit voting and acquisition and disposition of our equity interests and specify an exclusive forum for certain stockholder disputes.
  • Certain provisions of AAG’s Certificate of Incorporation and Bylaws make it difficult for stockholders to change the composition of our Board of Directors and may discourage takeover attempts that some of our stockholders might consider beneficial.
  • The issuance or sale of shares of our common stock or rights to acquire shares of our common stock could depress the trading price of our common stock.

Legal proceedings

See Note 11 to AAG’s Consolidated Financial Statements in Part II, Item 8A and Note 10 to American’s Consolidated Financial Statements in Part II, Item 8B for information on legal proceedings.

The opening of Item 3, Legal Proceedings.10

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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