Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - American Airlines Group Inc. | d286458dex322.htm |
| EX-32.1 - EX-32.1 - American Airlines Group Inc. | d286458dex321.htm |
| EX-31.4 - EX-31.4 - American Airlines Group Inc. | d286458dex314.htm |
| EX-31.3 - EX-31.3 - American Airlines Group Inc. | d286458dex313.htm |
| EX-31.2 - EX-31.2 - American Airlines Group Inc. | d286458dex312.htm |
| EX-31.1 - EX-31.1 - American Airlines Group Inc. | d286458dex311.htm |
| EX-23.1 - EX-23.1 - American Airlines Group Inc. | d286458dex231.htm |
| EX-21 - EX-21 - American Airlines Group Inc. | d286458dex21.htm |
| EX-12.2 - EX-12.2 - American Airlines Group Inc. | d286458dex122.htm |
| EX-10.81 - EX-10.81 - American Airlines Group Inc. | d286458dex1081.htm |
| EX-10.33 - EX-10.33 - American Airlines Group Inc. | d286458dex1033.htm |
| EX-10.1 - EX-10.1 - American Airlines Group Inc. | d286458dex101.htm |
| 10-K - FORM 10-K - American Airlines Group Inc. | d286458d10k.htm |
Exhibit 12.1
American Airlines Group Inc.
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
(In millions)
| Year Ended December 31, | ||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
| Income (loss) before income taxes |
$ | 4,299 | $ | 4,616 | $ | 3,212 | $ | (2,180 | ) | $ | (2,445 | ) | ||||||||
| Add: Total fixed charges (per below) |
1,956 | 1,836 | 1,931 | 1,983 | 1,586 | |||||||||||||||
| Less: Interest capitalized |
45 | 52 | 61 | 47 | 50 | |||||||||||||||
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| Total earnings (loss) before income taxes |
$ | 6,210 | $ | 6,400 | $ | 5,082 | $ | (244 | ) | $ | (909 | ) | ||||||||
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| Fixed charges: |
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| Interest (1) |
$ | 1,036 | $ | 932 | $ | 948 | $ | 902 | $ | 682 | ||||||||||
| Portion of rental expense representative of the interest factor |
920 | 904 | 983 | 1,081 | 904 | |||||||||||||||
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| Total fixed charges |
$ | 1,956 | $ | 1,836 | $ | 1,931 | $ | 1,983 | $ | 1,586 | ||||||||||
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| Ratio of earnings to fixed charges |
3.2 | 3.5 | 2.6 | — | — | |||||||||||||||
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| Coverage deficiency |
$ | — | $ | — | $ | — | $ | 2,227 | $ | 2,495 | ||||||||||
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| (1) | The twelve months ended December 31, 2014 includes non-cash interest accretion related to Bankruptcy Settlement Obligations. |