EX-12 3 g72592ex12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 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