DELTA AIR LINES, INC. EXHIBIT 12
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Millions except ratios)
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Three Months Three Months
Ended Ended
September 30, September 30,
1996 1995
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Earnings :
Income $ 238 $ 201
Add (deduct):
Income tax provision 160 136
Fixed charges 133 160
Interest capitalized (8) (7)
Interest offset on
Guaranteed Serial
ESOP Notes - (1)
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Earnings as adjusted $ 523 $ 489
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Fixed charges:
Interest expense $ 54 $ 75
1/3 of rentals 79 84
Additional interest on
Guaranteed Serial
ESOP Notes - 1
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Total fixed charges $ 133 $ 160
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Ratio of earnings to fixed charges 3.93 3.06
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