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H.S. junior Avg
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New words:
AOCI, Canada, CID, coordination, coupon, Delta, flat, forum, hearing, illegal, installment, ofcertain, repaid, standard, tender, tendered, Tulsa, unlawful
Removed:
calculating, component, consumed, holding, intermediate, penalty, traveler, West
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Exhibit 12.1
American Airlines Group Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Income before income taxes | $ | 1,719 | $ | 1,204 | $ | 2,662 | $ | 1,696 | ||||||||
Add: Total fixed charges (per below) | 493 | 475 | 964 | 979 | ||||||||||||
Less: Interest capitalized | 13 | 15 | 29 | 28 | ||||||||||||
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Total earnings before income taxes | 2,199 | 1,664 | 3,597 | 2,647 | ||||||||||||
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Fixed charges: | ||||||||||||||||
Interest (1) | 236 | 230 | 462 | 486 | ||||||||||||
Portion of rental expense representative of the interest factor | 257 | 245 | 502 | 493 | ||||||||||||
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Total fixed charges | $ | 493 | $ | 475 | $ | 964 | $ | 979 | ||||||||
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Ratio of earnings to fixed charges | 4.5 | 3.5 | 3.7 | 2.7 | ||||||||||||
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(1) | The three and six month periods ended June 30, 2014 include non-cash interest accretion related to Bankruptcy Settlement Obligations. |