EX-12.1 13 dex121.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement regarding computation of ratio of earnings to fixed charges

Exhibit 12.1

Delta Air Lines, Inc.

Computation of Ratio of Earnings to Fixed Charge

 

    Successor          Predecessor  
   
 
 
 
Year
Ended
December 31,
2008
 
 
 
 
   
 
 
 
Eight Months
Ended
December 31,
2007
 
 
 
 
        
 
 
 
Four Months
Ended
April 30,
2007
 
 
 
 
    Year Ended December 31,  
(in millions, except for ratio data)               2006     2005     2004  
   

(Loss) earnings:

                

(Loss) earnings before income taxes

  $ (9,041 )   $ 525          $ 1,294     $ (6,968 )   $ (3,859 )   $ (3,992 )
 

Add (deduct):

                

Fixed charges from below

    810       432            285       970       1,274       1,126  

Capitalized interest

    (23 )     (8 )          (3 )     (8 )     (9 )     (10 )
   

(Loss) earnings as adjusted

  $ (8,254 )   $ 949          $ 1,576     $ (6,006 )   $ (2,594 )   $ (2,876 )
   
 

Fixed Charges:

                

Interest expense, including capitalized amounts and amortization of debt costs

    728       398            265       878       1,041       834  

Preference security dividend

    —         —              —         2       18       19  

Portion of rental expense representative of the interest factor

    82       34            20       90       215       273  
   
  $ 810     $ 432          $ 285     $ 970     $ 1,274     $ 1,126  
   
 

Ratio of Earnings to Fixed Charges

    (10.19 )     2.20            5.53       (6.19 )     (2.04 )     (2.55 )