EX-12 3 d94486ex12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 AMR CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN MILLIONS)
1997 1998 1999 2000 2001 ------------ ------------ ------------ ------------ ------------ Earnings: Earnings (loss) from continuing operations before income taxes and extraordinary loss $ 1,336 $ 1,833 $ 1,006 $ 1,287 $ (2,756) Add: Total fixed charges (per below) 1,166 1,117 1,227 1,313 1,618 Less: Interest capitalized 20 104 118 151 144 ------------ ------------ ------------ ------------ ------------ Total earnings (loss) $ 2,482 $ 2,846 $ 2,115 $ 2,449 $ (1,282) ============ ============ ============ ============ ============ Fixed charges: Interest $ 420 $ 369 $ 383 $ 450 $ 515 Portion on rental expense representative of the interest factor 744 743 832 844 1,076 Amortization of debt expense 2 5 12 19 27 ------------ ------------ ------------ ------------ ------------ Total fixed charges $ 1,166 $ 1,117 $ 1,227 $ 1,313 $ 1,618 ============ ============ ============ ============ ============ Ratio of earnings to fixed charges 2.13 2.55 1.72 1.87 -- ============ ============ ============ ============ ============ Coverage deficiency -- -- -- -- $ 2,900 ============ ============ ============ ============ ============