EX-12 7 ex12.htm FIXED CHARGES ex12.htm

Exhibit 12
AMERICAN AIRLINES, INC.
Computation of Ratio of Earnings to Fixed Charges
 (in millions)

 
Three Months Ended June 30,
  
Six Months Ended
June 30,
   
2008
  
2007
  
2008
  
2007
                 
Earnings (loss):
                
Earnings (loss) before income taxes
  
$(1,463)
  
$271
  
$(1,807)
  
$322
                 
Add:  Total fixed charges (per below)
  
351
  
418
  
721
  
852
                 
Less:  Interest capitalized
  
8
  
5
  
13
  
14
Total earnings before income taxes
  
$(1,120)
  
$684
  
$(1,099)
  
$1,160
                 
Fixed charges:
                
Interest
  
$149
  
$203
  
$312
  
$410
                 
Portion of rental expense representative of the interest factor
  
 
197
  
 
212
  
 
402
  
 
436
                 
Amortization of debt expense
  
5
  
3
  
7
  
6
Total fixed charges
  
$351
  
$418
  
$721
  
$852
                 
Ratio of earnings to fixed charges
  
-
  
1.64
  
        -
  
1.36
 
Coverage Deficiency
  
 
   1,471
  
 
       -
  
 
    1,820
  
 
        -


 
Note:As of June 30, 2008, American has guaranteed approximately $1.1 billion of AMR’s unsecured debt and approximately $327 million of AMR Eagle’s secured debt.  The impact of these unconditional guarantees is not included in the above computation.