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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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Nine Months Nine Months
Ended Ended
March 31, March 31,
1998 1997
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Earnings:
Earnings before income taxes $ 1,053 $ 920
Add (deduct):
Fixed charges 498 391
Interest capitalized (29) (25)
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Earnings as adjusted $ 1,522 $1,286
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Fixed charges:
Interest expense $ 143 $ 158
Portion of rental expense representative
of the interest factor 355 233
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Total fixed charges $ 498 $ 391
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Ratio of earnings to fixed charges 3.06 3.29
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