UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 28, 2017
DELTA AIR LINES, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-05424 | 58-0218548 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
P.O. Box 20706, Atlanta, Georgia 30320-6001
(Address of principal executive offices)
Registrant’s telephone number, including area code: (404) 715-2600
Registrant’s Web site address: www.delta.com
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
[_] Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [_]
Item 8.01 | Other Events. |
Delta Air Lines’ Computation of the Ratio of Earnings to Fixed Charges for the nine month periods ended September 30, 2017 and 2016 and the five fiscal years in the five-year period ended December 31, 2016 is attached as Exhibit 12.1 hereto and is incorporated by reference into this Current Report on Form 8-K.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit 12.1 Computation of the Ratio of Earnings to Fixed Charges
2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DELTA AIR LINES, INC. | |
| |
By: /s/ Paul A. Jacobson | |
Date: November 28, 2017 | Paul A. Jacobson Executive Vice President and Chief Financial Officer |
3 |
EXHIBIT INDEX
Exhibit Number | Description |
Exhibit 12.1 | Computation of the Ratio of Earnings to Fixed Charges |
4 |
Exhibit 12.1
Nine Months Ended September 30, | Year Ended December 31, | |||||||||||||||||||||||||||
2017 | 2016 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||||||
Earnings before income taxes | $ | 4,611 | $ | 5,684 | $ | 6,636 | $ | 7,157 | $ | 1,072 | $ | 2,527 | $ | 1,025 | ||||||||||||||
Add (deduct): | ||||||||||||||||||||||||||||
Fixed charges from below | 396 | 408 | 528 | 584 | 737 | 947 | 1,116 | |||||||||||||||||||||
Capitalized interest | (43 | ) | (39 | ) | (53 | ) | (36 | ) | (33 | ) | (29 | ) | (21 | ) | ||||||||||||||
Earnings as adjusted | $ | 4,964 | $ | 6,053 | $ | 7,111 | $ | 7,705 | $ | 1,776 | $ | 3,445 | $ | 2,120 | ||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Interest expense, including capitalized amounts and amortization of debt costs | $ | 361 | $ | 359 | $ | 472 | $ | 534 | $ | 691 | $ | 891 | $ | 1,044 | ||||||||||||||
Portion of rental expense representative of the interest factor | 35 | 49 | 56 | 50 | 46 | 56 | 72 | |||||||||||||||||||||
$ | 396 | $ | 408 | $ | 528 | $ | 584 | $ | 737 | $ | 947 | $ | 1,116 | |||||||||||||||
Ratio of Earnings to Fixed Charges | 12.55 | 14.82 | 13.47 | 13.19 | 2.41 | 3.64 | 1.90 | |||||||||||||||||||||