Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - DELTA AIR LINES, INC. | dal3312018ex32.htm |
| EX-31.2 - EXHIBIT 31.2 - DELTA AIR LINES, INC. | dal3312018ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - DELTA AIR LINES, INC. | dal3312018ex311.htm |
| EX-15 - EXHIBIT 15 - DELTA AIR LINES, INC. | dal3312018ex15.htm |
| EX-10.1 - EXHIBIT 10.1 - DELTA AIR LINES, INC. | dal3312018ex101.htm |
| 10-Q - 10-Q - DELTA AIR LINES, INC. | dal331201810q.htm |
Exhibit 12.1
Delta Air Lines, Inc.
Computation of Ratio of Earnings to Fixed Charges
Three Months Ended March 31, | Year Ended December 31, | |||||||||||||||||||||
(in millions, except for ratio data) | 2018 | 2017 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings before income taxes(1) | $ | 718 | $ | 849 | $ | 5,500 | $ | 6,353 | $ | 7,157 | $ | 1,072 | $ | 2,527 | ||||||||
Add (deduct): | ||||||||||||||||||||||
Fixed charges from below | 135 | 125 | 529 | 528 | 584 | 737 | 947 | |||||||||||||||
Capitalized interest | (15 | ) | (13 | ) | (58 | ) | (53 | ) | (36 | ) | (33 | ) | (29 | ) | ||||||||
Earnings as adjusted | $ | 838 | $ | 961 | $ | 5,971 | $ | 6,828 | $ | 7,705 | $ | 1,776 | $ | 3,445 | ||||||||
Fixed charges: | ||||||||||||||||||||||
Interest expense, including capitalized amounts and amortization of debt costs | $ | 123 | $ | 113 | $ | 483 | $ | 472 | $ | 534 | $ | 691 | $ | 891 | ||||||||
Portion of rental expense representative of the interest factor | 12 | 12 | 46 | 56 | 50 | 46 | 56 | |||||||||||||||
Fixed charges | $ | 135 | $ | 125 | $ | 529 | $ | 528 | $ | 584 | $ | 737 | $ | 947 | ||||||||
Ratio of earnings to fixed charges | 6.21 | 7.69 | 11.29 | 12.93 | 13.19 | 2.41 | 3.64 | |||||||||||||||
(1) We adopted Accounting Standards Update No. 2014-09, "Revenue from Contracts with Customers (Topic 606)" using the full retrospective transition method and recast results from 2016 and 2017 including all interim periods therein. Results from periods prior to 2016 have not been recast for the adoption of this standard. See Note 1, "Summary of Significant Accounting Policies," and Note 2, "Revenue Recognition," of the Notes to the Condensed Consolidated Financial Statements for more information.