American Airlines Group Inc. – ‘10-K405’ for 12/31/01 – EX-12

On:  Thursday, 2/28/02   ·   For:  12/31/01   ·   Accession #:  950134-2-1661   ·   File #:  1-08400

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Annual Report — [x] Reg. S-K Item 405   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K405     Form 10-K for Fiscal Year End December 31, 2001       78    439K 
 2: EX-12       Computation of Ratio of Earnings to Fixed Charges      1      7K 
 3: EX-21       Subsidiaries of the Registrant                         2     11K 
 4: EX-23       Consent of Independent Auditors                        1      6K 

EX-12   —   Computation of Ratio of Earnings to Fixed Charges

EX-12
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                                                                      EXHIBIT 12

 AMR CORPORATION
 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 (IN MILLIONS)

                                                        [Enlarge/Download Table]


                                           1997          1998          1999         2000           2001     
                                       ------------  ------------  ------------  ------------  ------------ 
                                                                                                            
Earnings:                                                                                                   
   Earnings (loss) from continuing                                                                          
   operations before income taxes and                                                                       
   extraordinary loss                  $      1,336  $      1,833  $      1,006  $      1,287  $     (2,756)

   Add: Total fixed charges                                                                                 
        (per below)                           1,166         1,117         1,227         1,313         1,618 

   Less: Interest capitalized                    20           104           118           151           144 
                                       ------------  ------------  ------------  ------------  ------------ 
      Total earnings (loss)            $      2,482  $      2,846  $      2,115  $      2,449  $     (1,282)
                                       ============  ============  ============  ============  ============ 

Fixed charges:                                                                                              
   Interest                            $        420  $        369  $        383  $        450  $        515 

   Portion on rental expense                                                                                
   representative of the interest                                                                           
   factor                                       744           743           832           844         1,076 

   Amortization of debt expense                   2             5            12            19            27 
                                       ------------  ------------  ------------  ------------  ------------ 
      Total fixed charges              $      1,166  $      1,117  $      1,227  $      1,313  $      1,618 
                                       ============  ============  ============  ============  ============ 

Ratio of earnings to fixed charges             2.13          2.55          1.72          1.87            -- 
                                       ============  ============  ============  ============  ============ 

Coverage deficiency                              --            --            --            --  $      2,900 
                                       ============  ============  ============  ============  ============