American Airlines Pass Through Trust, established in 1988 and based in Fort Worth, Texas, serves as a vehicle for the issuance of asset-backed securities tied to American Airlines' obligations. The trust primarily facilitates investors' access to cash flows generated from the airline's flight and lease-related revenues through its bond offerings.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| AAL 3.65% 2029-12-15 USDAmerican Airlines Pass Through Trust | United States | 2029-12-15 | 3.650 | 5.68 |
| AAL 4.00% - USDAmerican Airlines Pass Through Trust | United States | — | 4.000 | 5.94 |
| AAL 4.00% 2027-01-15 USDAmerican Airlines Pass Through Trust | United States | 2027-01-15 | 4.000 | 0.00 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The trust has pioneered numerous bond issuances since its inception, including significant transactions following American Airlines' 2011 bankruptcy reorganization, which resulted in the issuance of over $1 billion in secured bonds. Currently, yields on these bonds are competitive within the airline industry, reflecting the trust’s strong recovery post-bankruptcy and the stabilization of airline revenues. Features such as enhanced collateral protections have also attracted investor interest, especially amidst fluctuations in travel demand amid economic uncertainties.