# American Airlines Pension Fund

American Airlines Pension Fund is a Pension Fund based in Fort Worth, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Fort Worth, United States
- **Region:** North America
- **Address:** Fort Worth, Texas, United States
- **Founded:** 1926
- **Assets under management:** Undisclosed
- **Website:** my.aa.com
- **LinkedIn:** linkedin.com/company/american-airlines

## Regulatory record

- **Reports private funds:** No

## About

The American Airlines Pension Fund provides retirement benefits to American Airlines employees and pilots represented by the Allied Pilots Association. American Airlines Group Inc. acts as plan sponsor. Kenneth Menezes holds the role of Managing Director of Treasury and Chief Investment Officer. The fund maintains exposure across real estate and fixed income. Positions include Carlyle Real Estate Funds, KKR Real Estate Portfolio, Blackstone Logistics Portfolio and a United States fixed income allocation. Devon May, CFO of American Airlines, and Cole Brown, Chief People Officer, serve on the Employee Benefits Committee. The fund belongs to CIEBA. An American Airlines Foundation exists separately. November 2022 marked the transfer of plan administration to Fidelity Investments. Governance flows through the Employee Benefits Committee and the parent airline treasury function, with investment decisions coordinated by the CIO.

## Sectors

- Real Estate
- Fixed Income

## People

- Kenneth Menezes — Managing Director of Treasury and Chief Investment Officer

## Questions

### What asset classes appear in the fund's portfolio?

Holdings include Carlyle Real Estate Funds, KKR Real Estate Portfolio, Blackstone Logistics Portfolio and a United States fixed income book.

### How is the fund related to American Airlines Group Inc.?

American Airlines Group Inc. acts as plan sponsor. The fund covers pilots represented by the Allied Pilots Association and other employees.

### Does the fund participate in club or industry associations?

The fund maintains membership in CIEBA, the Committee on Investment of Employee Benefit Assets.

### What recent operational change affected fund administration?

Administration transferred to Fidelity Investments in November 2022.

## Related profiles

- [American Access Casualty Company](https://altss.com/profile/american-access-casualty-company)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/american-airlines-pension-fund

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