EX-12 2 aa3q04ex12c.txt AMERICAN AIRLINES EXHIBIT 12 Exhibit 12 AMERICAN AIRLINES, INC. Computation of Ratio of Earnings to Fixed Charges (in millions)
Three Months Nine Months Ended Ended September 30, September 30, 2004 2003 2004 2003 Earnings: Loss before income taxes $(225) $ (24) $ (420) $ (1,189) Add: Total fixed charges (per below) 372 377 1,112 1,138 Less: Interest capitalized 20 15 56 50 Total loss before income taxes $ 127 $338 $ 636 $ (101) Fixed charges: Interest, including interest capitalized $ 164 $154 $ 486 $ 450 Portion of rental expense representative of the interest factor 205 220 618 682 Amortization of debt expense 3 3 8 6 Total fixed charges $ 372 $377 $1,112 $1,138 Coverage deficiency $ 245 $ 39 $ 476 $1,239
Note: As of September 30, 2004, American has guaranteed approximately $1.3 billion of AMR's unsecured debt and approximately $466 million of AMR Eagle's secured debt. The impact of these unconditional guarantees is not included in the above computation.