Analysis of Debt

American Airlines Group Inc., balance sheet: debt

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Current maturities of long-term debt and finance leases	3,632)	3,274)	2,489)	2,797)	2,861)
Long-term debt and finance leases, net of current maturities	29,270)	32,389)	35,571)	29,796)	21,454)
Total long-term debt and finance lease liabilities, including current maturities (carrying amount)	32,902)	35,663)	38,060)	32,593)	24,315)

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Debt item	Description	The company
Total long-term debt and finance lease liabilities, including current maturities (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	American Airlines Group Inc. total debt decreased from 2021 to 2022 and from 2022 to 2023.

	Dec 31, 2023
Selected Financial Data (US$ in millions)
Long-term debt, including current maturities	32,310)
Finance lease liabilities	506)
Total long-term debt and finance lease liabilities, including current maturities (fair value)	32,816)
Financial Ratio
Debt, fair value to carrying amount ratio	1.00

Weighted-average interest rate on long-term debt and finance lease liabilities: 6.47%

Interest rate	Debt amount¹	Interest rate × Debt amount
8.60%	990)	85)
7.32%	1,183)	87)
8.87%	1,100)	98)
10.75%	1,000)	108)
10.75%	200)	22)
7.25%	750)	54)
8.50%	1,000)	85)
5.50%	2,917)	160)
5.75%	3,000)	173)
10.43%	3,150)	329)
3.70%	7,657)	283)
6.98%	3,612)	252)
5.38%	967)	52)
7.00%	1,000)	70)
3.75%	487)	18)
7.20%	506)	36)
Total	29,519)	1,911)
6.47%

¹ US$ in millions

² Weighted-average interest rate = 100 × 1,911 ÷ 29,519 = 6.47%

American Airlines Group Inc. (NASDAQ:AAL)