<Page> 28 Exhibit 12 AMERICAN AIRLINES, INC. Computation of Ratio of Earnings to Fixed Charges (in millions) <Table> <Caption> Three Months Ended March 31, 2003 2002 <s> <c> <c> Earnings (loss): Loss before income taxes and cumulative effect of accounting change $(1,032) $ (814) Add: Total fixed charges (per below) 385 388 Less: Interest capitalized 18 20 Total earnings (loss) before income taxes and cumulative effect of accounting change $ (665) $ (446) Fixed charges: Interest $ 150 $ 127 Portion of rental expense representative of the interest factor 233 260 Amortization of debt expense 2 1 Total fixed charges $ 385 $ 388 Coverage deficiency $ 1,050 $ 834 </Table> Note:In April 2001, the Board of Directors of American approved the guarantee by American of AMR's existing debt obligations. As of March 31, 2003, this guarantee covered approximately $636 million of unsecured debt and approximately $521 million of secured debt. The impact of these unconditional guarantees is not included in the above computation.