American Airlines 2005 Annual Report Download - page 100

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Exhibit 12
AMR CORPORATION
Computation of Ratio of Earnings to Fixed Charges
(in millions)
2005 2004 2003 2002 2001
Earnings:
Loss before income taxes and
cumulative effect of accounting
change
$ (861)
$ (761)
$ (1,308)
$ (3,860)
$ (2,756)
Add: Total fixed charges (per below) 1,846 1,755 1,643 1,745 1,618
Less: Interest capitalized 65 80 71 86 144
Total earnings (loss) $ 920 $ 914 $ 264 $ (2,201) $ (1,282)
Fixed charges:
Interest $ 897 $ 822 $ 665 $ 655 $ 515
Portion of rental expense
representative of the interest factor
876
869
930
1,053
1,076
Amortization of debt expense 73 64 48 37 27
Total fixed charges $ 1,846 $ 1,755 $ 1,643 $ 1,745 $ 1,618
Coverage deficiency $ 926 $ 841 $ 1,379 $ 3,946 $ 2,900