American Airlines Fleet Agreement Filed

TL;DR

AA just filed a big fleet deal, watch for fleet expansion news.

AI Summary

On March 2, 2024, American Airlines Group Inc. entered into a material definitive agreement related to its fleet. The filing also includes Regulation FD disclosures and financial statements/exhibits.

Why It Matters

This filing indicates a significant development in American Airlines' fleet strategy, which could impact future capacity, routes, and financial performance.

Risk Assessment

Risk Level: low — The filing reports on a definitive agreement, which is a standard business event and does not inherently signal immediate risk.

Key Players & Entities

• American Airlines Group Inc. (company) — Filer
• AMERICAN AIRLINES, INC. (company) — Related Filer
• AMR CORP (company) — Former Company Name

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share AAL The Nasdaq Glob

Filing Documents

• aal-20240302.htm (8-K) — 65KB
• a8-kfleetorderex991x30224.htm (EX-99.1) — 20KB
• aaglogoa26.jpg (GRAPHIC) — 6KB
• g410912ex991pg01ba26.jpg (GRAPHIC) — 3KB
• 0000006201-24-000020.txt ( ) — 285KB
• aal-20240302.xsd (EX-101.SCH) — 2KB
• aal-20240302_def.xml (EX-101.DEF) — 17KB
• aal-20240302_lab.xml (EX-101.LAB) — 32KB
• aal-20240302_pre.xml (EX-101.PRE) — 17KB
• aal-20240302_htm.xml (XML) — 5KB

01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On March 2, 2024, American Airlines, Inc. ("American") entered into definitive agreements with Airbus S.A.S. to purchase 85 Airbus A321neo aircraft, with options to purchase up to an additional 75 A321neo aircraft. Additionally, on March 4, 2024, American entered into definitive agreements with The Boeing Company to purchase 85 Boeing 737 MAX 10 aircraft, with options to purchase up to an additional 75 737 MAX 10 aircraft. In addition to its order of incremental aircraft, American converted 30 of its existing firm orders for 737 MAX 8 aircraft into firm orders for 737 MAX 10 aircraft. The order of Airbus A321neo aircraft extends American's existing delivery stream of A321neo aircraft, with deliveries under the new order expected to commence in 2027 and continue into the next decade. American anticipates commencing Boeing 737 MAX 10 deliveries later this decade, with deliveries expected to continue into the next decade.

01. REGULATION FD DISCLOSURE

ITEM 7.01. REGULATION FD DISCLOSURE. On March 4, 2024, American issued a press release announcing its entry into the aircraft purchase arrangements described in Item 1.01 above, as well as the entry into a definitive agreement with Embraer S.A. for the purchase of 90 Embraer 175 regional aircraft, with purchase rights for an additional 43 Embraer 175 aircraft. Deliveries of Embraer 175 aircraft under the new order are scheduled to commence in 2025 and to continue through the end of the decade. The Embraer 175 aircraft will be operated by American's wholly owned regional affiliates. The orders are part of American's continued investment to expand premium seats across its narrowbody and regional fleets and support the long-term strength of the airline's domestic and short-haul international networks. After giving effect to these orders, American expects to remain within its previously announced guidance for capacity and capital expenditures. The press release announcing these orders is furnished as Exhibit 99.1 to this report. After taking into account the orders described in Item 1.01 and this Item 7.01, American has definitive purchase agreements for the acquisition of the following new aircraft: 2024 2025 2026 2027 2028 2029 and Thereafter Total Airbus A320neo Family 3 16 21 31 14 64 149 Boeing 737 MAX Family 20 14 10 — 20 95 159 787 Family 6 5 4 5 5 5 30 Embraer 175 12 12 18 15 15 30 102 Total 41 47 53 51 54 194 440 The delivery schedules presented herein represent our best estimates as of the date of this report. Actual delivery dates are subject to change, which could be material, based on various potential factors including production delays by the manufacturer and regulatory concerns. The information in this Item 7.01 is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section and shall not be deemed incorporated b

01. FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated March 4, 2024. 104.1 Cover page interactive data file (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, American Airlines Group Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. A MERICAN A IRLINES G ROUP I NC . Date: March 5, 2024 By: /s/ Devon E. May Devon E. May Executive Vice President and Chief Financial Officer Pursuant to the requirements of the Securities Exchange Act of 1934, American Airlines, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. A MERICAN A IRLINES , I NC . Date: March 5, 2024 By: /s/ Devon E. May Devon E. May Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR