EX-12 2 g67557ex12.txt STATEMENT REGARDING COMPUTATION OF RATIO EARNINGS 1 EXHIBIT 12 DELTA AIR LINES, INC. STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratios) ------- ------- ------- ------- ------- 2000 1999 1998 1997 1996 ------- ------- ------- ------- ------- Earnings (loss): Earnings (loss) before income taxes and cumulative effect of accounting change $ 1,549 $ 2,093 $ 1,776 $ 1,543 $ 419 Add (deduct): Fixed charges from below 1,056 800 682 675 677 Interest capitalized (45) (48) (40) (36) (28) ------- ------- ------- ------- ------- Earnings (loss) as adjusted $ 2,560 $ 2,845 $ 2,418 $ 2,182 $ 1,068 Fixed charges: Interest expense $ 426 $ 250 $ 179 $ 201 $ 226 Portion of rental expense representative of the interest factor 630 550 503 474 451 ------- ------- ------- ------- ------- Total fixed charges $ 1,056 $ 800 $ 682 $ 675 $ 677 Ratio of earnings to fixed charges 2.42 3.56 3.55 3.23 1.58