American Airlines 2010 Annual Report Download - page 111

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Exhibit 12
AMR CORPORATION
Computation of Ratio of Earnings to Fixed Charges
(in millions)
2010
2009
2008
2007
2006
Earnings:
Income (loss) before income taxes
and cumulative effect of accounting
change
$ (506)
$ (1,752)
$ (2,118)
$ 456
$ 189
Add: Total fixed charges (per below)
1,804
1,662
1,678
1,876
1,987
Less: Interest capitalized
31
42
33
20
29
Total earnings (loss)
$ 1,267
$ (132)
$ (473)
$ 2,312
$ 2,147
Fixed charges:
Interest
$ 775
$ 689
$ 703
$ 857
$ 969
Portion of rental expense
representative of the interest factor
958
877
847
898
898
Amortization of debt expense
71
96
128
121
120
Total fixed charges
$ 1,804
$ 1,662
$ 1,678
$ 1,876
$ 1,987
Ratio of earnings to fixed charges
-
-
-
1.23
1.08
Coverage deficiency
$ 537
$ 1,794
$ 2,151
$ -
$ -