The document analyzes American Airlines' business model by evaluating its value proposition, target customer segment, competitors, value chain and costs, revenue model, and critical success factors. It finds that American Airlines' value proposition includes its vast flight network and loyalty program, but it has struggled financially in recent years. However, a merger with U.S. Airways was finalized in December 2013 and aimed to make the combined company the largest airline in the world by addressing American Airlines' financial challenges.