EX-12 5 ex12.htm FIXED CHARGES ex12.htm
Exhibit 12
AMERICAN AIRLINES, INC.
Computation of Ratio of Earnings to Fixed Charges
 (in millions)



 
Three Months Ended September 30,
  
Nine Months Ended
September 30,
   
2008
  
2007
  
2008
  
2007
                 
Earnings (Loss):
                
Earnings (Loss) before income taxes
  
$                  (396)
  
$                   146
  
$              (2,203)
  
$                     468
                 
Add:  Total fixed charges (per below)
  
                     373
  
                     422
  
                 1,094
  
                    1,274
                 
Less:  Interest capitalized
  
                       10
  
                         2
  
                      23
  
                         16
Total earnings (loss) before income taxes
  
$                    (33)
  
$                   566
  
$              (1,132)
  
$                  1,726
                 
Fixed charges:
                
Interest
  
$                   155
  
$                   200
  
$                   467
  
$                      610
                 
Portion of rental expense representative of the interest factor
  
 
                     212
  
 
                     219
  
 
                    614
  
 
                       655
                 
Amortization of debt expense
  
                        6
  
                        3
  
                      13
  
                            9
Total fixed charges
  
$                  373
  
$                  422
  
$               1,094
  
$                   1,274
                 
Ratio of earnings to fixed charges
  
                         -
  
                  1.34
  
                        -
  
                       1.35
 
Coverage Deficiency
  
 
                     406
  
 
                        -
  
 
                 2,226
  
 
                             -


 
Note:As of September 30, 2008, American has guaranteed approximately $750 million of AMR’s unsecured debt and approximately $305 million of AMR Eagle’s secured debt.  The impact of these unconditional guarantees is not included in the above computation.