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, | |||||||||||||||||
2009 | 2008 | 2009 | 2008 | |||||||||||||||
Earnings (Loss): | ||||||||||||||||||
Earnings (Loss) before income taxes | $ | (377 | ) | $ | (396 | ) | $ | (1,131 | ) | $ | (2,203 | ) | ||||||
Add: Total fixed charges (per below) | 385 | 373 | 1,097 | 1,094 | ||||||||||||||
Less: Interest capitalized | 11 | 10 | 32 | 23 | ||||||||||||||
Total earnings (loss) before income taxes | $ | (3 | ) | $ | (33 | ) | $ | (66 | ) | $ | (1,132 | ) | ||||||
Fixed charges: | ||||||||||||||||||
Interest | $ | 148 | $ | 155 | $ | 428 | $ | 467 | ||||||||||
Portion of rental expense representative of the interest factor | 215 | 212 | 637 | 614 | ||||||||||||||
Amortization of debt expense | 22 | 6 | 32 | 13 | ||||||||||||||
Total fixed charges | $ | 385 | $ | 373 | $ | 1,097 | $ | 1,094 | ||||||||||
Ratio of earnings to fixed charges | - | - | - | - | ||||||||||||||
Coverage deficiency | 388 | 406 | 1,163 | 2,226 |
Note:As of September 30, 2009, American has guaranteed approximately $887 million of AMR’s unsecured debt and approximately $262 million of AMR Eagle’s secured debt. The impact of these unconditional guarantees is not included in the above computation. |