EXHIBIT 12
DELTA AIR LINES, INC.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN MILLIONS, EXCEPT RATIOS)
- -----------------------------------------------------------------------------------------------------------------------------
Three Months Three Months Nine Months Nine Months
Ended Ended Ended Ended
September 30 September 30 September 30 September 30
2001 2000 2001 2000
------------- ------------- ------------- -------------
Earnings (loss):
Earnings (loss) before income taxes $ (408) $ 392 $ (729) $ 1,531
Add (deduct):
Fixed charges from below 296 262 869 790
Interest capitalized (8) (12) (27) (36)
------- ------- ------- -------
Earnings (loss) as adjusted $ (120) $ 642 $ 113 $ 2,285
Fixed charges:
Interest expense $ 134 $ 105 $ 381 $ 316
Portion of rental expense representative
of the interest factor 162 157 488 474
------- ------- ------- -------
Total fixed charges $ 296 $ 262 $ 869 $ 790
Ratio of earnings to fixed charges (0.41) 2.45 0.13 2.89