American Airlines 2009 Annual Report Download - page 104

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Exhibit 12
AMR CORPORATION
Computation of Ratio of Earnings to Fixed Charges
(in millions)
2009
2008
2007
2006
2005
Earnings:
Income (loss) before income taxes
and cumulative effect of accounting
change
$ (1,752)
$ (2,118)
$ 456
$ 189
$ (893)
Add: Total fixed charges (per below)
1,662
1,678
1,876
1,987
1,882
Less: Interest capitalized
42
33
20
29
65
Total earnings (loss)
$ (132)
$ (473)
$ 2,312
$ 2,147
$ 924
Fixed charges:
Interest
$ 689
$ 703
$ 857
$ 969
$ 897
Portion of rental expense
representative of the interest factor
877
847
898
898
876
Amortization of debt expense
96
128
121
120
109
Total fixed charges
$ 1,662
$ 1,678
$ 1,876
$ 1,987
$ 1,882
Ratio of earnings to fixed charges
-
-
1.23
1.08
-
Coverage deficiency
$ 1,794
$ 2,151
$ -
$ -
$ 958