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American Airlines may use loyalty program as collateral for U.S. debt: President

Reuters
Boeing 737 jet sits at a gate at Washington's Reagan National airport with U.S. Capitol building in the background in Washington

(Reuters) - American Airlines Group Inc <AAL.O> may use its Advantage loyalty program as collateral for a secured U.S. government loan, President Robert Isom said at a conference on Tuesday, noting that government talks are ongoing.

American is discussing terms for a $4.75 billion Treasury loan, separate from the $5.8 billion it has already secured in government payroll aid. The "impact value" of the loyalty program could range between $18 billion and $30 billion, Isom said.

(Reporting by Tracy Rucinski)