Exhibit 12
AMERICAN AIRLINES, INC.
Computation of Ratio of Earnings to Fixed Charges
(in millions)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2007 | 2006 | 2007 | 2006 | |||||||||||||
Earnings (loss): | ||||||||||||||||
Earnings (loss) before income taxes | $ | 146 | $ | 1 | $ | 469 | $ | 175 | ||||||||
Add: Total fixed charges (per below) | 421 | 432 | 1,274 | 1,276 | ||||||||||||
Less: Interest capitalized | 2 | 7 | 17 | 21 | ||||||||||||
Total earnings (loss) before income taxes | $ | 565 | $ | 426 | $ | 1,726 | $ | 1,430 | ||||||||
Fixed charges: | ||||||||||||||||
Interest, including interest capitalized | $ | 199 | $ | 217 | $ | 610 | $ | 635 | ||||||||
Portion of rental expense representative of the interest factor | 219 | 212 | 655 | 630 | ||||||||||||
Amortization of debt expense | 3 | 3 | 9 | 11 | ||||||||||||
Total fixed charges | $ | 421 | $ | 432 | $ | 1,274 | $ | 1,276 | ||||||||
Ratio of earnings to fixed charges | 1.34 | - | 1.35 | 1.12 | ||||||||||||
Coverage deficiency | $ | - | $ | 6 | $ | - | $ | - |
Note: | As of September 30, 2007, American has guaranteed approximately $1.1 billion of AMR’s unsecured debt and approximately $347 million of AMR Eagle’s secured debt. The impact of these unconditional guarantees is not included in the above computation. |