EX-12 25 a2108197zex-12.htm EXHIBIT 12

Exhibit 12

 

AMR CORPORATION

Computation of Ratio of Earnings to Fixed Charges

(in millions)

 

 

 

1998

 

1999

 

2000

 

2001

 

2002

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) from continuing operations before income taxes, extraordinary loss and cumulative effect of accounting change

 

$

1,833

 

$

1,006

 

$

1,287

 

$

(2,756

)

$

(3,860

)

 

 

 

 

 

 

 

 

 

 

 

 

Add:  Total fixed charges (per below)

 

1,117

 

1,227

 

1,313

 

1,618

 

1,745

 

 

 

 

 

 

 

 

 

 

 

 

 

Less:  Interest capitalized

 

104

 

118

 

151

 

144

 

86

 

Total earnings (loss)

 

$

2,846

 

$

2,115

 

$

2,449

 

$

(1,282

)

$

(2,201

)

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

369

 

$

383

 

$

450

 

$

515

 

$

655

 

 

 

 

 

 

 

 

 

 

 

 

 

Portion of rental expense representative of the interest factor

 

743

 

832

 

844

 

1,076

 

1,053

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of debt expense

 

5

 

12

 

19

 

27

 

37

 

Total fixed charges

 

$

1,117

 

$

1,227

 

$

1,313

 

$

1,618

 

$

1,745

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

2.55

 

1.72

 

1.87

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Coverage deficiency

 

—

 

—

 

—

 

$

2,900

 

$

3,946