American adds $807 million to pension funds

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American adds $807 million to pension funds

Postby Greg on Tue Feb 26, 2019 3:11 pm

American Airlines Group Inc., Fort Worth, Texas, expects to contribute $807 million to its pension plans in 2019, the company disclosed Monday in its 10-K filing with the Securities and Exchange Commission.

Of the $807 million, $786 million is required and the remaining $21 million is discretionary. The company contributed $467 million to its pension plans in 2018.

As of Dec. 31, American Airlines had $10.1 billion in total defined benefit assets and $16.4 billion in benefit obligations for a funding ratio of 61.6%, down from 62.4% at the end of 2017. The 10-K did not provide a breakout of U.S. vs. international pension plans.

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