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, | |||||||
2008 | 2007 | 2008 | 2007 | |||||
Earnings (Loss): | ||||||||
Earnings (Loss) before income taxes | $ (396) | $ 146 | $ (2,203) | $ 468 | ||||
Add: Total fixed charges (per below) | 373 | 422 | 1,094 | 1,274 | ||||
Less: Interest capitalized | 10 | 2 | 23 | 16 | ||||
Total earnings (loss) before income taxes | $ (33) | $ 566 | $ (1,132) | $ 1,726 | ||||
Fixed charges: | ||||||||
Interest | $ 155 | $ 200 | $ 467 | $ 610 | ||||
Portion of rental expense representative of the interest factor | 212 | 219 | 614 | 655 | ||||
Amortization of debt expense | 6 | 3 | 13 | 9 | ||||
Total fixed charges | $ 373 | $ 422 | $ 1,094 | $ 1,274 | ||||
Ratio of earnings to fixed charges | - | 1.34 | - | 1.35 | ||||
Coverage Deficiency | 406 | - | 2,226 | - |
Note:As of September 30, 2008, American has guaranteed approximately $750 million of AMR’s unsecured debt and approximately $305 million of AMR Eagle’s secured debt. The impact of these unconditional guarantees is not included in the above computation. |