AVIS BUDGET GROUP, INC. - FORM 10-Q - EX-12 - STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - May 6, 2010

Attached files

file	filename
10-Q - FORM 10-Q - AVIS BUDGET GROUP, INC.	d10q.htm
EX-32 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 - AVIS BUDGET GROUP, INC.	dex32.htm
EX-31.1 - CERTIFICATION OF CEO PURSUANT TO RULES 13(A)-14(A) AND 15(D)-14(A) - AVIS BUDGET GROUP, INC.	dex311.htm
EX-10.6 - SECOND AMENDMENT TO THE AMENDED AND RESTATED SERIES 2008-1 SUPPLEMENT - AVIS BUDGET GROUP, INC.	dex106.htm
EX-10.7 - SECOND AMENDMENT TO THE SERIES 2009-3 SUPPLEMENT - AVIS BUDGET GROUP, INC.	dex107.htm
EX-31.2 - CERTIFICATION OF CFO PURSUANT TO RULES 13(A)-14(A) AND 15(D)-14(A) - AVIS BUDGET GROUP, INC.	dex312.htm
EX-10.5 - SECOND AMENDMENT, DATED AS OF MARCH 10, 2010, TO THE CREDIT AGREEMENT - AVIS BUDGET GROUP, INC.	dex105.htm

Exhibit 12

Avis Budget Group, Inc.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)


		Three Months Ended March 31,
		2010				2009
Earnings before fixed charges:
Loss before income taxes		$	(66	)		$	(70	)
Plus: Fixed charges			112				101

Earnings available to cover fixed charges		$	46			$	31

Fixed charges^(a):
Interest, including amortization of deferred financing costs		$	95			$	85
Interest portion of rental payment			17				16

Total fixed charges		$	112			$	101


Ratio of earnings to fixed charges ^(b)			—				—

^(a)	Consists of interest expense on all indebtedness (including amortization of deferred financing costs) and the portion of operating lease rental expense that is representative of the interest factor. Interest expense on all indebtedness is detailed as follows:


		Three Months Ended March 31,
		2010			2009
Related to debt under vehicle programs		$	54		$	46
All other			41			39

		$	95		$	85

^(b)	Earnings were not sufficient to cover fixed charges for the three months ended March 31, 2010 and 2009.

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