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AMERICAN AIRLINES, INC.

For the period ended Dec 31, 2025. Filed Feb 18, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 18, 2026

AAL$13.18+1.9%Stored close · as of Nov 6, 2026

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Item 2. Properties

Flight Equipment

As of December 31, 2025, American operated a mainline fleet of 1,013 aircraft. During 2025, American accepted delivery of 40 mainline aircraft including 23 Boeing 737-8 MAX, 11 Boeing 787-9, five Airbus A321XLR and one Airbus A321neo and returned one leased 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, 2025, American Eagle operated 567 regional aircraft. During 2025, we decreased our regional fleet by 18 aircraft, including the return of 50 regional aircraft to third-party regional carriers and a lessor, offset by the addition of 30 regional aircraft and net of two regional aircraft returned to service from temporary storage.

Mainline

As of December 31, 2025, American’s mainline fleet consisted of the following aircraft:

AverageSeatingCapacity · AverageAge(Years) · Owned · Leased · Total
Airbus A31912821.721111132
Airbus A32015024.7123648
Airbus A32118413.416454218
Airbus A321neo1954.8493584
Airbus A321XLR (1)1550.12—2
Boeing 737-80017216.1138165303
Boeing 737-8 MAX1723.7563389
Boeing 777-200ER27325.044347
Boeing 777-300ER30411.818220
Boeing 787-82347.1201737
Boeing 787-92715.6231033
Total14.35474661,013

(1)Excluded from the total operating aircraft count above are three owned Airbus A321XLR held in temporary storage as of December 31, 2025.

Regional

As of December 31, 2025, the fleet of our wholly-owned and third-party regional carriers operating as American Eagle consisted of the following aircraft:

Average SeatingCapacity · Owned · Leased · Owned or Leasedby Third PartyRegional Carrier · Total · Operating RegionalCarrier · Number ofAircraftOperated
Bombardier CRJ7006557362122SkyWest62
PSA60
Total122
Bombardier CRJ900 (1)7686——86PSA86
Embraer E170656371356Envoy43
Republic13
Total56
Embraer E17576136—96232Envoy136
Republic76
SkyWest20
Total232
Embraer ERJ1455071——71Piedmont71
Total35640171567567

(1)Excluded from the total operating aircraft count above are four owned Bombardier CRJ900 held in temporary storage as of December 31, 2025.

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, 2025, we had definitive purchase agreements for the acquisition of the following new aircraft(1):

2026202720282029 and ThereafterTotal
Airbus
A320 Family20213975155
Boeing
737 Family14——115129
787 Family1351019
Embraer
E1752013173080
Total553761230383

(1)Delivery schedule represents our best estimate as of the date of this report as described in footnote (e) to the “Contractual Obligations” table in Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations. Actual delivery dates are subject to change, which could be material, based on various potential factors, including production delays by the equipment manufacturers and regulatory concerns.

In addition, we have committed to purchase four used Bombardier CRJ900 aircraft which are scheduled to be delivered in 2026. We also have agreements for 47 spare engines to be delivered in 2026 and beyond.

We intend to finance future aircraft deliveries and option exercises using long-term debt. 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.

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