EX-12 3 aa3qex12d.txt AMERICAN AIRLINES EXHIBIT 12 Exhibit 12 AMERICAN AIRLINES, INC. Computation of Ratio of Earnings to Fixed Charges (in millions) Three Months Ended Nine Months Ended September 30, September 30, 2002 2001 2002 2001 Earnings: Loss before income taxes and cumulative effect of accounting change $(1,336) $(525) $(2,856) $(1,281) Add: Total fixed charges (per below) 385 379 1,156 1,045 Less: Interest capitalized 21 35 62 109 Total loss before income taxes and cumulative effect of accounting change $ (972) $(181) $(1,762) $ (345) Fixed charges: Interest, including interest capitalized $ 129 $ 96 $ 379 $ 286 Portion of rental expense representative of the interest factor 254 281 773 756 Amortization of debt expense 2 2 4 3 Total fixed charges $ 385 $ 379 $ 1,156 $ 1,045 Coverage deficiency $ 1,357 $ 560 $ 2,918 $ 1,390
Note: In April 2001, the Board of Directors of American approved the guarantee by American of AMR's existing debt obligations. As of September 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.