EX-12 2 ex12.htm FIXED CHARGES ex12.htm


Exhibit 12
AMERICAN AIRLINES, INC.
Computation of Ratio of Earnings to Fixed Charges
 (in millions)

   
Three Months Ended March 31,
  
   
2009
    
2008
  
             
Earnings (loss):
            
Earnings (loss) before income taxes
   $ (366 )   $ (344 )
                 
Add:  Total fixed charges (per below)
     361       370  
                 
Less:  Interest capitalized
     10       5  
Total earnings (loss) before income taxes
   $ (15 )   $ 21  
                 
Fixed charges:
                
Interest
   $ 148     $ 163  
                 
Portion of rental expense representative of the interest factor
     208       205  
                 
Amortization of debt expense
     5       2  
Total fixed charges
   $ 361     $ 370  
                 
Ratio of earnings to fixed charges
     -       -  
                 
Coverage deficiency
   $ 376     $ 349  

 
Note:As of March 31, 2009 American has guaranteed approximately $427 million of AMR’s unsecured debt and
 
approximately $284 million of AMR Eagle’s secured debt.  The impact of these unconditional guarantees is not
 included in the above computation