American Airlines 2008 Annual Report Download - page 107

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Exhibit 12
AMR CORPORATION
Computation of Ratio of Earnings to Fixed Charges
(in millions)
2008
2007
2006
2005
2004
Earnings:
Income (loss) before income taxes
and cumulative effect of accounting
change
$ (2,071)
$ 504
$ 231
$ (857)
$ (751)
Add: Total fixed charges (per below)
1,631
1,828
1,945
1,846
1,755
Less: Interest capitalized
33
20
29
65
80
Total earnings (loss)
$ (473)
$ 2,312
$ 2,147
$ 924
$ 924
Fixed charges:
Interest
$ 703
$ 857
$ 969
$ 897
$ 822
Portion of rental expense
representative of the interest factor
847
898
898
876
869
Amortization of debt expense
81
73
78
73
64
Total fixed charges
$ 1,631
$ 1,828
$ 1,945
$ 1,846
$ 1,755
Ratio of earnings to fixed charges
1.26
1.10
-
-
Coverage deficiency
$ 2,104
$ -
$ -
$ 922
$ 831