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Exhibit 12.1
American Airlines Group Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
| 2015 | 2014 | 2015 | 2014 | |||||||||||||
Income before income taxes | $ | 1,709 | $ | 949 | $ | 4,371 | $ | 2,645 | ||||||||
Add: Total fixed charges (per below) | 476 | 465 | 1,439 | 1,443 | ||||||||||||
Less: Interest capitalized | 13 | 16 | 41 | 43 | ||||||||||||
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Total earnings before income taxes | 2,172 | 1,398 | 5,769 | 4,045 | ||||||||||||
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Fixed charges: | ||||||||||||||||
Interest (1) | 232 | 226 | 692 | 710 | ||||||||||||
Portion of rental expense representative of the interest factor | 244 | 239 | 747 | 733 | ||||||||||||
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Total fixed charges | $ | 476 | $ | 465 | $ | 1,439 | $ | 1,443 | ||||||||
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Ratio of earnings to fixed charges | 4.6 | 3.0 | 4.0 | 2.8 | ||||||||||||
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| (1) | The nine month period ended September 30, 2014 includes non-cash interest accretion related to Bankruptcy Settlement Obligations. |