EX-12 6 aa3q03ex12c.txt AMERICAN AIRLINES EXHIBIT 12 70 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, 2003 2002 2003 2002 Earnings: Loss before income taxes and cumulative effect of accounting change $(24) $(1,336) $(1,189) $(2,856) Add: Total fixed charges (per below) 377 385 1,138 1,156 Less: Interest capitalized 15 21 50 62 Total income (loss) before income taxes and cumulative effect of accounting change $338 $ (972) $(101) $(1,762) Fixed charges: Interest, including interest capitalized $154 $ 129 $ 450 $ 379 Portion of rental expense representative of the interest factor 220 254 682 773 Amortization of debt expense 3 2 6 4 Total fixed charges $377 $ 385 $1,138 $1,156 Coverage deficiency $ 39 $1,357 $1,239 $2,918
Note:In April 2001, the Board of Directors of American approved the guarantee by American of AMR's debt obligations. As of September 30, 2003, American has issued guarantees covering approximately $936 million of unsecured debt and approximately $503 million of secured debt. The impact of these unconditional guarantees is not included in the above computation.