EX-12 2 aa-ex12x20121231.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AA- EX 12-2012.12.31


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


 
2012
 
2011
 
2010
 
2009
 
2008
Loss:
 
 
 
 
 
 
 
 
 
Loss before income taxes and cumulative effect of accounting change
$
(2,495
)
 
$
(1,965
)
 
$
(504
)
 
$
(1,757
)
 
$
(2,531
)
Add: Total fixed charges (per below)
1,581

 
1,749

 
1,622

 
1,491

 
1,458

Less: Interest capitalized
50

 
40

 
29

 
42

 
33

Total earnings (loss) before income taxes
$
(964
)
 
$
(256
)
 
$
1,089

 
$
(308
)
 
$
(1,106
)
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest
$
639

 
$
692

 
$
666

 
$
596

 
$
625

Portion of rental expense representative of the interest factor
887

 
1,025

 
937

 
859

 
815

Amortization of debt expense
55

 
32

 
19

 
36

 
18

Total fixed charges
$
1,581

 
$
1,749

 
$
1,622

 
$
1,491

 
$
1,458

Ratio of earnings to fixed charges
—

 
—

 
—

 
—

 
—

Coverage deficiency
$
2,545

 
$
2,005

 
533

 
$
1,799

 
$
2,564