American Airlines 2002 Annual Report Download - page 101

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99
Exhibit 12
AMR CORPORATION
Computation of Ratio of Earnings to Fixed Charges
(in millions)
1998 1999 2000 2001 2002
Earnings:
Earnings (loss) from continuing
operations before income taxes,
extraordinary loss and
cumulative effect of accounting
change $ 1,833 $ 1,006 $ 1,287 $ (2,756) $ (3,860)
Add: Total fixed charges
(per below) 1,117 1,227 1,313 1,618 1,745
Less: Interest capitalized 104 118 151 144 86
Total earnings (loss) $ 2,846 $ 2,115 $ 2,449 $ (1,282) $ (2,201)
Fixed charges:
Interest $ 369 $ 383 $ 450 $ 515 $ 655
Portion of rental expense
representative of the interest
factor 743 832 844 1,076 1,053
Amortization of debt expense 5 12 19 27 37
Total fixed charges $ 1,117 $ 1,227 $ 1,313 $ 1,618 $ 1,745
Ratio of earnings to fixed charges 2.55 1.72 1.87 - -
Coverage deficiency - - - $ 2,900 $ 3,946