EX-12 21 d12953exv12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12 AMR CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN MILLIONS)
1999 2000 2001 2002 2003 ---------- ---------- ---------- ---------- ---------- Earnings: Earnings (loss) from continuing operations before income taxes and cumulative effect of accounting change $ 1,006 $ 1,273 $ (2,756) $ (3,860) $ (1,308) Add: Total fixed charges (per below) 1,227 1,313 1,618 1,745 1,643 Less: Interest capitalized 118 151 144 86 71 ---------- ---------- ---------- ---------- ---------- Total earnings (loss) $ 2,115 $ 2,435 $ (1,282) $ (2,201) $ 264 ========== ========== ========== ========== ========== Fixed charges: Interest $ 383 $ 450 $ 515 $ 655 $ 665 Portion of rental expense representative of the interest factor 832 844 1,076 1,053 930 Amortization of debt expense 12 19 27 37 48 ---------- ---------- ---------- ---------- ---------- Total fixed charges $ 1,227 $ 1,313 $ 1,618 $ 1,745 $ 1,643 ========== ========== ========== ========== ========== Ratio of earnings to fixed charges 1.72 1.85 -- -- -- ========== ========== ========== ========== ========== Coverage deficiency -- -- $ 2,900 $ 3,946 $ 1,379 ========== ========== ========== ========== ==========