EX-12.1 13 aag-ex121x20131231.htm EXHIBIT AAG - EX 12.1 - 2013.12.31


Exhibit 12.1

American Airlines Group Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions)

 
2013
 
2012
 
2011
 
2010
 
2009
Loss:
 
 
 
 
 
 
 
 
 
Loss before income taxes and cumulative effect of accounting change
$
(2,180
)
 
$
(2,445
)
 
$
(1,979
)
 
$
(506
)
 
$
(1,752
)
Add: Total fixed charges (per below)
1,983

 
1,586

 
1,910

 
1,804

 
1,662

Less: Interest capitalized
47

 
50

 
40

 
31

 
42

Total earnings (loss) before income taxes
(244
)
 
(909
)
 
(109
)
 
1,267

 
(132
)
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest
849

 
627

 
782

 
775

 
689

Portion of rental expense representative of the interest factor
1,081

 
904

 
1,058

 
958

 
877

Amortization of debt expense
53

 
55

 
70

 
71

 
96

Total fixed charges
1,983

 
1,586

 
1,910

 
1,804

 
1,662

Ratio of earnings to fixed charges
—

 
—

 
—

 
—

 
—

Coverage deficiency
$
2,227

 
$
2,495

 
$
2,019

 
$
537

 
$
1,794