Finalize the CARES Act loan agreement
Delivered after the deadline (21 days after the deadline)
AI-assessed · human review in progress Found and assessed by AI from the cited sources. Shown with its evidence; it is not counted in any Kept Score until confirmed.
- Announced
- 2 Jul 2020
- Due
- 30 Sep 2020
- Delivered
- 21 Oct 2020
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“we expect to finalize that loan during the third quarter”
What we found
Evidence strength A What the grades mean
The company finalized the Treasury Loan Agreement on October 21, 2020, which occurred after the third quarter deadline of September 30, 2020.
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A American Airlines Group 10-Q filed 2020-10-22
“Subsequently, on October 21, 2020, American and AAG entered into an amendment to the Treasury Loan Agreement that permits American to borrow up to $7.5 billion.” ✓ confirmed on the page
Market reaction: the shares moved -6.5% against the S&P 500 over the three sessions around the disclosure (21 Oct 2020 to 26 Oct 2020). What this measures
Checked 20 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Transaction other
- Indicative materiality
- Medium rules
- Action
- Finalize
- Deliverable
- CARES Act loan agreement
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: complete some legal work to reach a definitive credit agreement
- Depends on
- Financing, Government
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: disagreesClaude (Anthropic) re-read the evidence blind and read it as “Met”.
- Tie-breakA stronger model read the evidence and both earlier answers, without knowing which was recorded, and agrees with the second check.
Not yet confirmed. Shown on the record, but it will not count in any score until it is confirmed. How verification works
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Report an error in this entry Reference: KI-C-2020-AAL-018324 · Corrections policy