American Airlines 2006 Annual Report Download - page 104

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Exhibit 12
AMR CORPORATION
Computation of Ratio of Earnings to Fixed Charges
(in millions)
2006 2005 2004 2003 2002
Earnings:
Income (loss) before income taxes
and cumulative effect of accounting
change
$ 231
$ (857)
$ (751)
$ (1,307)
$ (3,861)
Add: Total fixed charges (per below) 1,945 1,846 1,755 1,643 1,745
Less: Interest capitalized 29 65 80 71 86
Total earnings (loss) $ 2,147 $ 924 $ 924 $ 265 $ (2,202)
Fixed charges:
Interest $ 969 $ 897 $ 822 $ 665 $ 655
Portion of rental expense
representative of the interest factor
898
876
869
930
1,053
Amortization of debt expense 78 73 64 48 37
Total fixed charges $ 1,945 $ 1,846 $ 1,755 $ 1,643 $ 1,745
Ratio of earnings to fixed charges 1.10 - - - -
Coverage deficiency $ - $ 922 $ 831 $ 1,378 $ 3,947