EX-12 44 ex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ex12.htm

Exhibit 12

AMERICAN AIRLINES, INC.
Computation of Ratio of Earnings to Fixed Charges
 (in millions)

   
2008
    
2007
    
2006
    
2005
    
2004
  
                               
Earnings:
                              
Income (loss) before income taxes and cumulative effect of accounting change
   $ (2,531 )   $  356     $  164     $ (892 )   $ (821 )
                                         
Add:  Total fixed charges (per below)
     1,458       1,668       1,705       1,566       1,479  
                                         
Less:  Interest capitalized
     33       20       29       64       77  
Total earnings (loss)
   $ (1,106 )   $ 2,004     $ 1,840     $ 610     $ 581  
                                         
Fixed charges:
                                        
Interest
   $ 625     $ 793     $ 842     $ 724     $ 652  
                                         
Portion of rental expense representative of the interest factor
     815       862       848       831       815  
                                         
Amortization of debt expense
     18       13       15       11       12  
Total fixed charges
   $ 1,458     $ 1,668     $ 1,705     $ 1,566     $ 1,479  
                                         
Ratio of earnings to fixed charges
             1.20       1.08       -       -  
                                         
Coverage deficiency
   $ 2,564       -       -     $ 956     $ 898  


Note:  As of December 31, 2008, American has guaranteed approximately $745 million of unsecured debt and approximately $305 million of secured debt.  The impact of these unconditional guarantees is not included in the above computation.