EX-12 9 exhibit12.htm COMPUTATION OF EARNINGS TO FIXED CHARGES exhibit12.htm

Exhibit 12

AMERICAN AIRLINES, INC.
Computation of Ratio of Earnings to Fixed Charges
 (in millions)

   
2007
    
2006
    
2005
    
2004
    
2003
  
                               
Earnings:
                              
Income (loss) before income taxes and cumulative effect of accounting change
   $  356     $  164     $ (892 )   $ (821 )   $ (1,409 )
                                         
Add:  Total fixed charges (per below)
     1,668       1,705       1,566       1,479       1,421  
                                         
Less:  Interest capitalized
     20       29       64       77       66  
Total earnings (loss)
   $ 2,004     $ 1,840     $ 610     $ 581     $ (54 )
                                         
Fixed charges:
                                        
Interest
   $ 793     $ 842     $ 724     $ 652     $ 525  
                                         
Portion of rental expense representative of the interest factor
     862       848       831       815       888  
                                         
Amortization of debt expense
     13       15       11       12       8  
Total fixed charges
   $ 1,668     $ 1,705     $ 1,566     $ 1,479     $ 1,421  
                                         
Ratio of earnings to fixed charges
     1.20       1.08       -       -       -  
                                         
Coverage deficiency
     -       -     $ 956     $ 898     $ 1,475  


 
Note:As of December 31, 2007, American has guaranteed approximately $1.1 billion of unsecured debt and approximately $347 million of secured debt.  The impact of these unconditional guarantees is not included in the above computation.