Exhibit 12.1

Delta Air Lines, Inc.

Computation of Ratio of Earnings to Fixed Charges

	Year Ended December 31,
(in millions, except for ratio data)	2016			2015			2014			2013			2012
Earnings before income taxes	$	6,636		$	7,157		$	1,072		$	2,527		$	1,025
Add (deduct):
Fixed charges from below	528			584			737			947			1,116
Capitalized interest	(53		)	(36		)	(33		)	(29		)	(21		)
Earnings as adjusted	$	7,111		$	7,705		$	1,776		$	3,445		$	2,120
Fixed charges:
Interest expense, including capitalized amounts and amortization of debt costs	$	472		$	534		$	691		$	891		$	1,044
Portion of rental expense representative of the interest factor	56			50			46			56			72
Fixed charges	$	528		$	584		$	737		$	947		$	1,116
Ratio of earnings to fixed charges	13.47			13.19			2.41			3.64			1.90

Special Items

	Year Ended December 31,
(in millions)	2016		2015			2014			2013			2012
MTM adjustments and settlements	$	450	$	1,301		$	(2,346	)	$	276		$	27
Restructuring and other	—		(35		)	(716		)	(424		)	(452		)
Loss on extinguishment of debt	—		—			(268		)	—			(118		)
Virgin Atlantic MTM adjustments	115		26			(134		)	—			—
Total income (loss)	$	565	$	1,292		$	(3,464	)	$	(148	)	$	(543	)