EX-12 2 aa2q04ex12c.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, 2004 2003 2004 2003 Earnings: Loss before income taxes $ (13) $(133) $(195) $(1,165) Add: Total fixed charges (per below) 372 378 740 761 Less: Interest capitalized 19 17 36 35 Total loss before income taxes $ 340 $ 228 $ 509 $ (439) Fixed charges: Interest, including interest capitalized $ 162 $ 147 $ 322 $ 296 Portion of rental expense representative of the interest factor 207 229 413 462 Amortization of debt expense 3 2 5 3 Total fixed charges $ 372 $ 378 $ 740 $ 761 Coverage deficiency $ 32 $ 150 $ 231 $ 1,200
Note:As of June 30, 2004, American has guaranteed approximately $1.3 billion of AMR's unsecured debt and approximately $484 million of AMR Eagle's secured debt. The impact of these unconditional guarantees is not included in the above computation.