EX-12 2 g94949exv12.txt EX-12 STATEMENT REGARDING COMPUTATIONS OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS EXHIBIT 12 DELTA AIR LINES, INC. STATEMENT REGARDING COMPUTATIONS OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (In millions, except ratios)
THREE MONTHS ENDED ------------------- MARCH 31, -------------------- 2005 2004 -------- -------- Earnings (loss): Loss before income taxes $ (1,215) $ (598) Add (deduct): Fixed charges from below 415 361 Loss from equity investees -- 3 Amortization of capitalized interest 4 4 Interest capitalized (2) (3) -------- -------- Loss as adjusted $ (798) $ (233) Fixed charges: Interest expense, including capitalized amounts and amortization of debt costs $ 270 $ 197 Portion of rental expense representative of the interest factor 145 164 -------- -------- Total fixed charges $ 415 $ 361 Preferred stock dividends $ 5 $ 6 Ratio of earnings to fixed charges -- -- ======== ======== Deficiency of earnings to cover fixed charges $ 1,213 $ 594 ======== ======== Ratio of earnings to combined fixed charges and preferred stock dividends -- -- ======== ======== Deficiency of earnings to cover combined fixed charges and preferred stock dividends $ 1,218 $ 600 ======== ========