Attached files

file filename
10-Q - FORM 10-Q - American Airlines Group Inc.d14219d10q.htm
EX-32.1 - EX-32.1 - American Airlines Group Inc.d14219dex321.htm
EX-10.2 - EX-10.2 - American Airlines Group Inc.d14219dex102.htm
EX-12.2 - EX-12.2 - American Airlines Group Inc.d14219dex122.htm
EX-31.1 - EX-31.1 - American Airlines Group Inc.d14219dex311.htm
EX-31.2 - EX-31.2 - American Airlines Group Inc.d14219dex312.htm
EX-10.1 - EX-10.1 - American Airlines Group Inc.d14219dex101.htm
EX-31.3 - EX-31.3 - American Airlines Group Inc.d14219dex313.htm
EX-32.2 - EX-32.2 - American Airlines Group Inc.d14219dex322.htm
EX-31.4 - EX-31.4 - American Airlines Group Inc.d14219dex314.htm
EX-10.3 - EX-10.3 - American Airlines Group Inc.d14219dex103.htm

Exhibit 12.1

American Airlines Group Inc.

Computation of Ratio of Earnings to Fixed Charges

(In millions)

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2015      2014      2015      2014  

Income before income taxes

   $ 1,709       $ 949       $ 4,371       $ 2,645   

Add: Total fixed charges (per below)

     476         465         1,439         1,443   

Less: Interest capitalized

     13         16         41         43   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total earnings before income taxes

     2,172         1,398         5,769         4,045   
  

 

 

    

 

 

    

 

 

    

 

 

 

Fixed charges:

  

Interest (1)

     232         226         692         710   

Portion of rental expense representative of the interest factor

     244         239         747         733   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total fixed charges

   $ 476       $ 465       $ 1,439       $ 1,443   
  

 

 

    

 

 

    

 

 

    

 

 

 

Ratio of earnings to fixed charges

     4.6         3.0         4.0         2.8   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1)

The nine month period ended September 30, 2014 includes non-cash interest accretion related to Bankruptcy Settlement Obligations.