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OFFON

AMERICAN AIRLINES GROUP INC.

(AAL)
  Report
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AMERICAN AIRLINES GROUP INC. : Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

07/22/2021 | 07:03am EDT

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.



On July 22, 2021, American Airlines Group Inc. (the Company, we, us and our)
issued a press release reporting financial results for the three and six months
ended June 30, 2021. The press release is furnished as Exhibit 99.1.


ITEM 7.01. REGULATION FD DISCLOSURE.



Investor Presentation
On July 22, 2021, the Company provided a presentation to investors. This
investor presentation is located on the Company's website at www.aa.com under
"Investor Relations." The investor presentation is furnished as Exhibit 99.2.
Investor Update
Also on July 22, 2021, the Company provided an update for investors presenting
information relating to its financial and operational outlook for the third
quarter of 2021. This investor update is located on the Company's website at
www.aa.com under "Investor Relations." The investor update is furnished as
Exhibit 99.3.
Update Regarding Unencumbered Assets and First Lien Available Capacity
Except where stated otherwise, the values expressed below are based on the most
recent third-party appraisals received by the Company. The first lien capacity
gives effect to the repayment of the April 2016 Spare Parts term loan on July
22, 2021.
Unencumbered Assets                           Value ($mil)       Notes
Aircraft, Parts, and                                             Aircraft, ground service equipment, spare
Equipment                                        1,592           engines, regional spare parts
Corporate Real Estate                            1,453
                                                                 Other Corporate investments and assets, based
Other                                              759           on Company 

estimates

Total Unencumbered                               3,804

First Lien Available Capacity under Current Credit Facilities

                                 Available Capacity ($mil)
2014 Atlantic SGR                                1,336
2013 South America SGR                             358
Apr 2016 Spare Parts                             1,346
Dec 2016 LGA/DCA Slots                             222
2020 Secured Note                                1,163
IP Notes                                         4,000
Total                                            8,425


The information in Items 2.02 and 7.01 of this Current Report on Form 8-K,
including Exhibits 99.1, 99.2 and 99.3, 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 by reference into any registration statement or
other document filed pursuant to the Securities Act of 1933, as amended, except
as shall be expressly set forth by specific reference in such filing.
Cautionary statement regarding forward-looking statements and information
Certain of the statements contained in this report should be considered
forward-looking statements within the meaning of the Securities Act, the
Exchange Act and the Private Securities Litigation Reform Act of 1995. These
forward-looking statements may be identified by words such as "may," "will,"
"expect," "intend," "anticipate," "believe," "estimate," "plan," "project,"
"could," "should," "would," "continue," "seek," "target," "guidance," "outlook,"
"if

--------------------------------------------------------------------------------

current trends continue," "optimistic," "forecast" and other similar words. Such
statements include, but are not limited to, statements about the Company's
plans, objectives, expectations, intentions, estimates and strategies for the
future, and other statements that are not historical facts. These
forward-looking statements are based on the Company's current objectives,
beliefs and expectations, and they are subject to significant risks and
uncertainties that may cause actual results and financial position and timing of
certain events to differ materially from the information in the forward-looking
statements. These risks and uncertainties include, but are not limited to, those
set forth herein as well as in the Company's Quarterly Report on Form 10-Q for
the quarter ended June 30, 2021 (especially in Part I, Item 2. Management's
Discussion and Analysis of Financial Condition and Results of Operations and
Part II, Item 1A. Risk Factors), and other risks and uncertainties listed from
time to time in the Company's other filings with the Securities and Exchange
Commission. In particular, the consequences of the coronavirus outbreak to
economic conditions and the travel industry in general and the financial
position and operating results of the Company in particular have been material,
are changing rapidly, and cannot be predicted. Additionally, there may be other
factors of which the Company is not currently aware that may affect matters
discussed in the forward-looking statements and may also cause actual results to
differ materially from those discussed. The Company does not assume any
obligation to publicly update or supplement any forward-looking statement to
reflect actual results, changes in assumptions or changes in other factors
affecting these forward-looking statements other than as required by law. Any
forward-looking statements speak only as of the date hereof or as of the dates
indicated in the statement.


ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.


     (d) Exhibits.

Exhibit No.                     Description

99.1                              Press Release, dated July 22, 2021.

99.2                              Investor Presentation, dated July 22, 2021.

99.3                              Investor Update, dated July 22, 2021.

104.1                           Cover page interactive data file (embedded within the Inline XBRL
                                document).



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