1
EXHIBIT 12
DELTA AIR LINES, INC.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratios)
- -------------------------------------------------------------------------------------------------------------------------------
Three Months Three Months Six Months Six Months
Ended Ended Ended Ended
December 31 December 31 December 31 December 31
1999 1998 1999 1998
---------------- --------------- --------------- ---------------
Earnings:
Earnings before income taxes $ 580 $ 320 $ 1,162 $ 858
Add (deduct):
Fixed charges from below 221 198 426 410
Interest capitalized (11) (12) (24) (22)
---------------- --------------- --------------- ---------------
Earnings as adjusted $ 790 $ 506 $ 1,564 $ 1,246
Fixed charges:
Interest expense $ 77 $ 43 $ 143 $ 92
Portion of rental expense representative
of the interest factor 144 155 283 318
---------------- --------------- --------------- ---------------
Total fixed charges $ 221 $ 198 $ 426 $ 410
Ratio of earnings to fixed charges 3.57 2.56 3.67 3.04