EX-12 5 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)

   
2009
    
2008
    
2007
    
2006
    
2005
  
                               
Earnings:
                              
Income (loss) before income taxes and cumulative effect of accounting change
   $ (1,757 )   $ (2,531 )   $  356     $  164     $ (892 )
                                         
Add:  Total fixed charges (per below)
     1,491       1,458       1,668       1,705       1,566  
                                         
Less:  Interest capitalized
     42       33       20       29       64  
Total earnings (loss)
   $ (308 )   $ (1,106 )   $ 2,004     $ 1,840     $ 610  
                                         
Fixed charges:
                                        
Interest
   $ 596     $ 625     $ 793     $ 842     $ 724  
                                         
Portion of rental expense representative of the interest factor
     859       815       862       848       831  
                                         
Amortization of debt expense
     36       18       13       15       11  
Total fixed charges
   $ 1,491     $ 1,458     $ 1,668     $ 1,705     $ 1,566  
                                         
Ratio of earnings to fixed charges
                     1.20       1.08       -  
                                         
Coverage deficiency
   $ 1,799     $ 2,564       -       -     $ 956  
 
 
Note:  As of December 31, 2009, American has guaranteed approximately $885 million of unsecured debt and approximately $262 million of secured debt.  The impact of these unconditional guarantees is not included in the above computation.