American Airlines Group Inc., Fort Worth, Texas, expects to contribute an additional $600 million to its defined benefit plans in 2014, said the company's second-quarter earnings report filed Thursday.
During the first six months of 2014, the company contributed $71 million to the plans plans. On July 15, the company contributed an additional $37 million, bringing it closer to its $120 million minimum required contribution for 2014, according to the earnings report.
American Airlines' defined benefit plans had a total of $10 billion in assets, with a funded status of 67.5% as of Dec. 31, according to its most recent 10-K.
The asset allocation for the defined benefit plans was 32.8% fixed income, 30.7% domestic equity, 27.2% international equity, and 9.3% alternatives as of Sept. 30, according to Pensions & Investments data.
In 2013, American Airlines contributed $489 million to its defined benefit plans, the 10-K said.
