v3.26.1
Revenue Recognition (Tables)
 6 Months Ended
Jun. 30, 2026
Entity Information [Line Items]  
Schedule of Revenue
The following are the significant categories comprising our operating revenues (in millions):
 Three Months Ended June 30,Six Months Ended June 30,
 2026202520262025
Passenger revenue:
Passenger travel$14,095 $12,126 $25,611 $22,601 
Loyalty revenue - travel (1)
1,119 997 2,098 1,913 
Total passenger revenue15,214 13,123 27,709 24,514 
Cargo273 211 487 400 
Other:
Loyalty revenue - marketing services 1,058 912 2,085 1,735 
Other revenue190 146 366 294 
Total other revenue1,248 1,058 2,451 2,029 
Total operating revenues$16,735 $14,392 $30,647 $26,943 
(1)Loyalty revenue included in passenger revenue is principally comprised of mileage credit redemptions, which were earned from travel or co-branded credit card and other partners.
The following is our total passenger revenue by geographic region (in millions):
 Three Months Ended June 30,Six Months Ended June 30,
 2026202520262025
Domestic$10,726 $9,159 $19,716 $17,286 
Latin America1,726 1,550 3,689 3,455 
Atlantic
2,353 2,086 3,455 3,052 
Pacific409 328 849 721 
Total passenger revenue$15,214 $13,123 $27,709 $24,514 
Schedule of Contract Liabilities
June 30, 2026December 31, 2025
(In millions)
Loyalty program liability$11,573 $10,564 
Air traffic liability9,551 7,158 
Total$21,124 $17,722 
Changes in loyalty program liability are as follows (in millions):
Balance at December 31, 2025$10,564 
Deferral of revenue3,177 
Recognition of revenue (1)
(2,168)
Balance at June 30, 2026 (2)
$11,573 
(1)Principally relates to revenue recognized from the redemption of mileage credits for air travel, non-air travel and other awards. Mileage credits are combined in one homogeneous pool and are not separately identifiable. As such, the revenue is comprised of mileage credits that were part of the loyalty program deferred revenue balance at the beginning of the period, as well as mileage credits that were issued during the period.
(2)Mileage credits can be redeemed at any time and generally do not expire as long as the AAdvantage member has any type of qualifying activity at least every 24 months or if the AAdvantage member is the primary holder of a co-branded credit card. As of June 30, 2026, our current loyalty program liability was $4.4 billion and represents our current estimate of revenue expected to be recognized in the next 12 months based on historical trends, with the balance reflected in long-term loyalty program liability expected to be recognized as revenue in periods thereafter.
American Airlines, Inc.  
Entity Information [Line Items]  
Schedule of Revenue
The following are the significant categories comprising American’s operating revenues (in millions):
 Three Months Ended June 30,Six Months Ended June 30,
 2026202520262025
Passenger revenue:
Passenger travel$14,095 $12,126 $25,611 $22,601 
Loyalty revenue - travel (1)
1,119 997 2,098 1,913 
Total passenger revenue15,214 13,123 27,709 24,514 
Cargo273 211 487 400 
Other:
Loyalty revenue - marketing services1,058 912 2,085 1,735 
Other revenue189 144 364 291 
Total other revenue1,247 1,056 2,449 2,026 
Total operating revenues$16,734 $14,390 $30,645 $26,940 
(1)Loyalty revenue included in passenger revenue is principally comprised of mileage credit redemptions, which were earned from travel or co-branded credit card and other partners.
The following is American’s total passenger revenue by geographic region (in millions):
 Three Months Ended June 30,Six Months Ended June 30,
 2026202520262025
Domestic$10,726 $9,159 $19,716 $17,286 
Latin America1,726 1,550 3,689 3,455 
Atlantic
2,353 2,086 3,455 3,052 
Pacific409 328 849 721 
Total passenger revenue$15,214 $13,123 $27,709 $24,514 
Schedule of Contract Liabilities
June 30, 2026December 31, 2025
(In millions)
Loyalty program liability$11,573 $10,564 
Air traffic liability9,551 7,158 
Total$21,124 $17,722 
The balance of the loyalty program liability fluctuates based on seasonal patterns, which impact the volume of mileage credits issued through travel or sold to co-branded credit card and other partners (deferral of revenue) and mileage credits redeemed (recognition of revenue). Changes in loyalty program liability are as follows (in millions):
Balance at December 31, 2025$10,564 
Deferral of revenue3,177 
Recognition of revenue (1)
(2,168)
Balance at June 30, 2026 (2)
$11,573 
(1)Principally relates to revenue recognized from the redemption of mileage credits for air travel, non-air travel and other awards. Mileage credits are combined in one homogeneous pool and are not separately identifiable. As such, the revenue is comprised of mileage credits that were part of the loyalty program deferred revenue balance at the beginning of the period, as well as mileage credits that were issued during the period.
(2)Mileage credits can be redeemed at any time and generally do not expire as long as the AAdvantage member has any type of qualifying activity at least every 24 months or if the AAdvantage member is the primary holder of a co-branded credit card. As of June 30, 2026, American’s current loyalty program liability was $4.4 billion and represents American’s current estimate of revenue expected to be recognized in the next 12 months based on historical trends, with the balance reflected in long-term loyalty program liability expected to be recognized as revenue in periods thereafter.