COVID Stimulus Watch Individual Entry

Individual Award Data

Recipient Company:  American Airlines
Parent Company:  American Airlines
Award Date:  Apr 14, 2020
Award Type:  loan
Loan or Loan Guarantee Amount:  $1,700,000,000
Awarding Agency:  Treasury Department
Program Name:  Payroll Support Program
Award Details: 

American Airlines announced it would receive $5.8 billion in financial assistance, including a low-interest loan of $1.7 billion and a grant of $4.1 billion (listed separately). The company granted to Treasury warrants to purchase approximately 13.7 million shares of common stock.

Parent Company Data

Ownership Structure:  publicly traded (ticker symbol AAL)
Headquartered in:  Texas
Parent Sector:  airlines
Parent Industry:  airlines
Employees (prior to pandemic):  133,700

Parent Accountability Issues Since 2010

Employment-related Penalties:  $42,826,343
Government-contracting-related Penalties:  $22,100,000
Environmental / Healthcare / Safety Penalties:  $79,724,972
Consumer Protection / Financial / Competition-related Penaties:  $5,540,000
Ratio of CEO Pay to that of Median Worker:  195 to 1
CEO Compensation:  $11,999,517
Worker Median Pay:  $61,527