Devon May
CFO at American Airlines
Moving to our fleet. In 2024, we took delivery of 20 new aircraft and 10 used aircraft resulting in $1,900,000,000 of aircraft CapEx. Total CapEx for 2024 came in at $2,700,000,000 Looking ahead, we expect to take delivery of 40 to 50 new aircraft in 2025. Based on our current expectation for new deliveries, our 2025 aircraft CapEx, which also includes used aircraft purchases, spare engines and net PDPs is expected to be between $2,000,000,000 $2,500,000,000 and our total CapEx is expected to be between $3,000,000,000 $3,500,000,000 We continue to expect moderate levels of CapEx moving forward with aircraft CapEx averaging between $3,000,000,000 $3,500,000,000 for the remainder of the decade. We ended 2024 with $10,300,000,000 of total available liquidity and produced record free cash flow of $2,200,000,000 During the Q4, we prepaid $750,000,000 of near term debt maturities and strategically repriced 2 term loans.