EX-12 11 ex12.htm RATIO OF EARNINGS TO FIXED CHARGES ex12.htm
Exhibit 12
AMERICAN AIRLINES, INC.
Computation of Ratio of Earnings to Fixed Charges
 (in millions)
 
   
Three Months
Ended June 30,
    
Six Months
Ended June 30,
  
   
2009
    
2008
    
2009
    
2008
  
                             
Earnings (loss):
                        
Earnings (loss) before income taxes
   $ (388 )   $ (1,463 )   $ (754 )   $ (1,807 )
                             
Add:  Total fixed charges (per below)
     350       351       711       721  
                             
Less:  Interest capitalized
     10       8       20       13  
Total earnings (loss) before income taxes
   $ (48 )   $ (1,120 )   $ (63 )   $ (1,099 )
                             
Fixed charges:
                            
Interest
   $ 132     $ 149     $ 280     $ 312  
                             
Portion of rental expense representative of the interest factor
     213       197       421       402  
                             
Amortization of debt expense
     5       5       10       7  
Total fixed charges
   $ 350     $ 351     $ 711     $ 721  
                             
Ratio of earnings to fixed charges
     -       -       -       -  
Coverage Deficiency
      398        1,471        774        1,820  


 
Note:As of June 30, 2009, American has guaranteed approximately $425 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.