American Airlines 2011 Annual Report Download - page 171

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Exhibit 12
AMR CORPORATION
Computation of Ratio of Earnings to Fixed Charges
(in millions)
2011 2010 2009 2008 2007
Earnings:
Income (loss) before income taxes and cumulative effect of
accounting change $(1,979) $(506) $(1,752) $(2,118) $ 456
Add: Total fixed charges (per below) 1,899 1,804 1,662 1,678 1,876
Less: Interest capitalized 40 31 42 33 20
Total earnings (loss) $(120) $1,267 $(132) $(473) $2,312
Fixed charges:
Interest $780 $775 $ 689 $703 $857
Portion of rental expense representative of the interest factor 1,049 958 877 847 898
Amortization of debt expense 70 71 96 128 121
Total fixed charges $1,899 $1,804 $1,662 $1,678 $1,876
Ratio of earnings to fixed charges - - - - 1.23
Coverage deficiency $2,019 $537 $1,794 $2,151 $-