3Q15 Financial Recap

Today, American reported a third quarter 2015 net income of $1.9 billion, excluding net special charges*, or $2.77 per diluted share. This is the highest quarterly
profit in our companys history, beating the previous record, which was set just last quarter. This represents a 54 percent improvement versus our third quarter
2014 net income of $1.2 billion, excluding net special charges, or $1.66 per diluted share.
* Special items are unusual or nonrecurring charges and credits that are not incurred as part of our normal business operations. By excluding special items, our financial results are more indicative of our ongoing performance
and more comparable to results reported by other airlines.

The Earnings Illustrated below provides details of the companys third quarter 2015 income statement. This statement is prepared in accordance with Generally Accepted
Accounting Principles (GAAP), which requires use of the accrual basis of accounting, meaning we record revenues when earned and expenses when incurred, not when
cash is received or paid. It is important to note that our reported net income does not equal the change in our cash balance for the year. There are many activities
that impact our cash balance that are not reflected in our income statement, including payments on our debt, and purchases of assets such as aircraft and spare parts.

Operating Revenues

Note: All results are in millions.

Money collected from the services we provide is known as operating revenues.

1. Mainline
revenue

2. Regional
revenue

Passenger revenue
collected from
mainline flights is
our largest revenue
source.

$7,654

3. Cargo
revenue

Passenger revenue
from our wholly
owned and contract
regional carrier flights
is also an important
source of revenue.

$1,699

4. Other revenue

Revenue from
transporting mail and
freight

A. Total
Operating
Revenues

Other operating revenue from sources like our

AAdvantage program and baggage fees

(the sum of
items 14)

$180

$1,173

$10,706

Operating Expenses
From our operating revenue, the following costs, known as operating expenses, must be subtracted.
 . Fuel and
5
related taxes

6. Salaries,
wages and
benefits

The cost of jet fuel

consumed by our
mainline aircraft,
including associated
taxes

-$1,593


-$2,404

11. Selling
expenses

We lease some of
the airplanes we fly
and these are the
associated rental
charges.

-$366

-$1,518

12. Depreciation
and amortization

Includes costs such as

credit card fees, the
fees we pay to the
global distribution
systems and
advertising expenses

8. Maintenance
expenses

The cost for using

aircraft, spare parts,
ground equipment
and other assets that
is expensed over the
life of the asset

 . Other rent and

9
landing fees

The cost to maintain

and repair our fleet

Includes the cost of

our wholly owned
subsidiaries, regional
contract carriers and $2
million of special charges
principally due to merger
integration expenses

Includes pay and

benefits for all
mainline employees

10. Aircraft
rent

-$308

7. Regional
expenses

-$456

Includes rent for

airport facilities,
landing fees, etc.

-$432

13. Special items, net

14. Other expenses

Includes special charges

consisting primarily
of merger integration
expenses

Includes expenses
such as crew
hotels, catering
and passenger
inconvenience costs

B. Total
Operating
Expenses
(the sum of
items 514)

$8,707

C. Total Operating Profit (A-B)

$1,999

-$336

-$163

-$1,131

D. Total Nonoperating Expenses, Net

Includes items such as interest expense, interest income and foreign currency gains and losses. Also included is $21 million net
special charges primarily related to refinancing debt.

-$290

E. Income Before Taxes (C+D)

15. Income Tax Provision

$1,709
-$16

Income tax provision includes $10 million of state and international income tax expense related to certain states and countries
where our net operating loss carry forwards are limited or unavailable to be used and a special non-cash deferred income tax
charge of $6 million related to certain indefinite-lived intangible assets.

F. GAAP Net Income

(E+15)

$1,693
$192

G. Special Charges, Net

Special Items are unusual or nonrecurring charges and credits that are not incurred as part of our normal business operations. By excluding special items,
our financial results are more indicative of our ongoing performance and more comparable to results reported by other airlines. For the quarter, net special
charges of $192 million were made up of $163 million of mainline special charges (No. 13), $2 million of regional special charges (No. 7), $21 million of
nonoperating special credits (D) and a $6 million non-cash special tax provision (No. 15).

Net Income Excluding Special Charges, Net (F+G)

$1,885
(or $2.77 per
diluted share)

COO Robert Isom commemorates the official opening of

the Robert W. Baker Integrated Operations Center.

Work crews installed new signs, like the one above at CLT, across the system in
advance of the cutover to a single Passenger Service System on Oct. 17. The
change, implemented at airports large and small, signals to our customers that
we are one integrated airline.

Fast
Facts

Took delivery of 16 new mainline

aircraft, including eight Airbus A321s,
three Boeing 737-800s and five
Boeing 787 Dreamliners.

American transported Pope Francis during his

visit to the United States in September.

Announced several new domestic

routes and eight new international
routes starting in the fall.