EX-12 3 aa2q03ex12b.txt AMERICAN AIRLINES EXHIBIT 12 31 Exhibit 12 AMERICAN AIRLINES, INC. Computation of Ratio of Earnings to Fixed Charges (in millions)
Three Months Ended Six Months Ended June 30, June 30, 2003 2002 2003 2002 Earnings: Loss before income taxes and cumulative effect of accounting $(133) $ (706) $(1,165) $(1,520) change Add: Total fixed charges (per below) 378 382 761 770 Less: Interest capitalized 17 21 35 41 Total loss before income taxes and cumulative effect of accounting change $228 $(345) $(439) $(791) Fixed charges: Interest, including interest capitalized $147 $ 123 $ 296 $ 250 Portion of rental expense representative of the interest factor 229 258 462 518 Amortization of debt expense 2 1 3 2 Total fixed charges $378 $ 382 $761 $770 Coverage deficiency $150 $ 727 $1,200 $1,561
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, 2003, this guarantee covered approximately $636 million of unsecured debt and approximately $521 million of secured debt. The impact of these unconditional guarantees is not included in the above computation.