Item 2. Properties
ITEM 2. PROPERTIES
Flight Equipment and Fleet Renewal
As of December 31, 2021, American operated a mainline fleet of 865 aircraft. During 2021, American accepted delivery of 25 mainline aircraft, temporarily parked 14 mainline aircraft and retired one 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, 2021, American Eagle operated 567 regional aircraft. During 2021, we increased our regional fleet by a net of 23 aircraft, including the addition of 52 regional aircraft, the retirement of 26 regional aircraft and temporarily parking three regional aircraft.
Mainline
As of December 31, 2021, American’s mainline fleet consisted of the following aircraft:
Average
Seating
Capacity Average
Age
(Years) Owned Leased Total
Airbus A319 128 17.7 21 112 133
Airbus A320 150 20.7 10 38 48
Airbus A321 182 9.4 164 54 218
Airbus A321neo 196 1.3 9 35 44
Boeing 737-800 (1)
172 10.7 96 171 267
Boeing 737-8 MAX 172 2.4 9 33 42
Boeing 777-200ER 273 21.0 44 3 47
Boeing 777-300ER 304 7.8 18 2 20
Boeing 787-8 234 5.3 20 4 24
Boeing 787-9 285 4.2 17 5 22
Total 11.3 408 457 865
(1) Excluded from the total operating aircraft count above are 36 owned Boeing 737-800 that are being held in temporary storage.
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Regional
As of December 31, 2021, the fleet of our wholly-owned and third-party regional carriers operating as American Eagle consisted of the following aircraft:
Average Seating
Capacity Owned Leased Owned or Leased
by Third Party
Regional Carrier Total Operating Regional
Carrier Number of
Aircraft
Operated
Bombardier CRJ 700 65 54 7 82 143 SkyWest 82
PSA 61
Total 143
Bombardier CRJ 900 76 69 — 40 109 PSA 69
Mesa 40
Total 109
Embraer 170 (1)
65 — 6 8 14 Envoy 6
Republic 8
Total 14
Embraer 175 76 98 — 96 194 Envoy 98
Republic 88
SkyWest 8
Total 194
Embraer 145 (1)
50 107 — — 107 Piedmont 50
Envoy 57
Total 107
Total 328 13 226 567 567
(1) Excluded from the total operating aircraft count above are 10 regional aircraft that are being held in temporary storage as follows: eight owned Embraer 145s and two owned Embraer 170s.
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, 2021, we had definitive purchase agreements for the acquisition of the following aircraft (1) :
2022 2023 2024 2025 2026 2027 and Thereafter Total
Airbus
A320neo Family 26 5 18 22 5 — 76
Boeing (2)
737 MAX Family — 27 21 20 20 — 88
787 Family 10 7 8 9 4 5 43
Embraer
175 3 — — — — — 3
Total 39 39 47 51 29 5 210
(1) Delivery schedule represents our most current estimate 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, such as those that have recently prevented The Boeing Company (Boeing) from timely delivering 787 Family aircraft.
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(2) On January 31, 2022, we entered into an amended purchase agreement with Boeing pursuant to which we agreed to purchase 23 additional Boeing 737 MAX Family aircraft through the conversion of existing purchase options. We also intend to exercise purchase options for an additional seven aircraft in 2022, bringing our total incremental firm order of Boeing 737 MAX Family aircraft to 30, with 15 of such aircraft scheduled to be delivered in 2023 and 15 scheduled to be delivered in 2024. In addition, we entered into an amended purchase agreement with Boeing to defer the delivery of certain Boeing 787 Family aircraft previously scheduled to be delivered beginning in January 2023. Pursuant to this amendment, deliveries of these aircraft are now scheduled to commence in the fourth quarter of 2023 and will continue into 2027. The table above and the table in Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations – “ Contractual Obligations ” reflect our purchase commitments after giving effect to these amendments and assumes our exercise of the seven 737 MAX Family aircraft purchase options mentioned above.
We also have agreements for 39 spare engines to be delivered in 2022 and beyond.
We currently have financing commitments in place for all aircraft on order and scheduled to be delivered in 2022 except for five Airbus A320neo Family aircraft and three Embraer 175 aircraft. Our ability to draw on the financing commitments we have in place is subject to (1) the satisfaction of various terms and conditions including, in some cases, on our acquisition of the aircraft by a certain date and (2) the performance by the counterparty providing such financing commitments of its obligations thereunder. We do not have financing commitments in place for any of the aircraft scheduled to be delivered in 2023 and beyond, except for seven Boeing 787 Family aircraft scheduled to be delivered in 2023 and one Boeing 787 Family aircraft scheduled to be delivered in 2024. See Part I, Item 1A. Risk Factors – “We will need to obtain sufficient financing or other capital to operate successfully” for additional discussion.
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 3. 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.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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PART II