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EXHIBIT 12
DELTA AIR LINES, INC.
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,
1995 1955
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Earnings (before cumulative effect of accouting change):
Income $ 201 $ 72
Add (deduct):
Income tax provision 136 49
Fixed charges 130 168
Interest offset on (7) (7)
Guaranteed Serial
ESOP Notes (1) (1)
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Earnings as adjusted $ 489 $ 281
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Fixed charges:
Interest expense $ 75 $ 76
1/3 of rentals 84 91
Additional interest on
Guaranteed Serial
ESOP Notes 1 1
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Total fixed charges $ 160 $ 168
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Ratio of earnings to fixed charges 3.06 1.67
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