American Airlines 2007 Annual Report Download - page 100

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Exhibit 12
AMR CORPORATION
Computation of Ratio of Earnings to Fixed Charges
(in millions)
2007 2006 2005 2004 2003
Earnings:
Income (loss) before income taxes
and cumulative effect of accounting
change
$ 504
$ 231
$ (857)
$ (751)
$ (1,307)
Add: Total fixed charges (per below) 1,828 1,945 1,846 1,755 1,643
Less: Interest capitalized 20 29 65 80 71
Total earnings (loss) $ 2,312 $ 2,147 $ 924 $ 924 $ 265
Fixed charges:
Interest $ 857 $ 969 $ 897 $ 822 $ 665
Portion of rental expense
representative of the interest factor
898
898
876
869
930
Amortization of debt expense 73 78 73 64 48
Total fixed charges $ 1,828 $ 1,945 $ 1,846 $ 1,755 $ 1,643
Ratio of earnings to fixed charges 1.26 1.10 - - -
Coverage deficiency $ - $ - $ 922 $ 831 $ 1,378