AMR, the parent of American Airlines, has raised $2.9bn (£1.8bn) of new financing to help it through the global downturn in air travel.
The group said $1bn of the total came from advanced sales of frequent flyer miles to Citigroup bank.
A further $1.6bn came from a sale and leaseback arrangement with General Electric's aviation division for planes it had already ordered.
The airline also said it would add capacity at key US airports.
"Today's announcement positions our company well to face today's industry challenges and allows us to remain focused on the future and on returning to profitability," said AMR chairman Gerard Arpey.
Reports also suggest that American Airlines is in discussions with Japan Airlines about taking a stake in the troubled Japanese carrie
Thursday, 17 September 2009
American Airlines raises $2.9bn
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