1 EXHIBIT 12 AMR CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN MILLIONS) Three Months Ended March 31, ---------------------------- 2001 2000 ---------- ----------- Earnings: Earnings (loss) from continuing operations before income taxes $ (57) $ 157 Add: Total fixed charges (per below) 332 328 Less: Interest capitalized 41 38 ----- ----- Total earnings $ 234 $ 447 ===== ===== Fixed charges: Interest $ 114 $ 115 Portion on rental expense representative of the interest factor 212 209 Amortization of debt expense 6 4 ----- ----- Total fixed charges $ 332 $ 328 ===== ===== Ratio of earnings to fixed charges -- 1.36 ===== ===== Coverage deficiency $ 98 -- ===== =====