EX-12 4 aa2qex12a.txt AMERICAN AIRLINES EXHIBIT 12 Exhibit 12 AMERICAN AIRLINES, INC. Computation of Ratio of Earnings to Fixed Charges (in millions)
Three Months Six Months Ended June 30, Ended June 30, 2002 2001 2002 2001 Earnings: Loss before income taxes $(706) $(712) $(1,520) $(756) Add: Total fixed charges (per below) 382 381 770 668 Less: Interest capitalized 21 35 41 74 Total loss $(345) $(366) $(791) $(162) Fixed charges: Interest, including interest capitalized $ 123 $ 103 $ 250 $ 190 Portion of rental expense representative of the interest factor 258 277 518 476 Amortization of debt expense 1 1 2 2 Total fixed charges $ 382 $ 381 $ 770 $ 668 Coverage deficiency $ 727 $ 747 $1,561 $ 830
Note: In April 2001, the Board of Directors of American approved the guarantee by American of AMR's existing debt obligations. As of June 30, 2002, this guarantee covered approximately $634 million of unsecured debt and approximately $573 million of secured debt. The impact of these unconditional guarantees is not included in the above computation.