EX-12 4 a2108219zex-12.htm EX-12
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Exhibit 12


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

 
  1998
  1999
  2000
  2001
  2002
 
Earnings:                                
  Earnings (loss) before income taxes and cumulative effect of accounting change   $ 1,745   $ 1,054   $ 1,282   $ (2,449 ) $ (3,669 )
  Add: Total fixed charges (per below)     906     989     1,068     1,435     1,532  
  Less: Interest capitalized     97     111     143     135     80  
   
 
 
 
 
 
    Total earnings   $ 2,554   $ 1,932   $ 2,207   $ (1,149 ) $ (2,217 )
   
 
 
 
 
 
Fixed charges:                                
  Interest   $ 208   $ 215   $ 281   $ 406   $ 522  
  Portion on rental expense representative of the interest factor     697     773     785     1,025     1,005  
  Amortization of debt expense     1     1     2     4     5  
   
 
 
 
 
 
    Total fixed charges   $ 906   $ 989   $ 1,068   $ 1,435   $ 1,532  
   
 
 
 
 
 
Ratio of earnings to fixed charges     2.82     1.95     2.07          
   
 
 
 
 
 
Coverage deficiency               $ 2,584   $ 3,749  
   
 
 
 
 
 

Note: In April 2001, the Board of Directors of American approved the guarantee by American of AMR's and AMR Eagle's existing debt obligations. As of December 31, 2002, this guarantee covered approximately $636 million of unsecured debt and approximately $538 million of secured debt. The impact of these unconditional guarantees is not included in the above computation.



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