Delta Airlines 2007 Annual Report Download - page 134
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EXHIBIT 12.1
Successor Predecessor
Eight Months
Ended
December 31,
2007
Four Months
Ended
April 30,
2007
Year Ended December 31,
(in millions) 2006 2005 2004 2003
Earnings (loss):
Earnings (loss) before income taxes $ 525 $ 1,294 $ (6,968) $ (3,859) $ (3,992) $ (1,189)
Add (deduct):
Fixed charges from below 432 285 970 1,274 1,126 1,056
Income from equity investee — — — — — (14)
Distributed income of equity investees — — — — — 44
Earnings (loss) as adjusted $ 957 $ 1,579 $ (5,998) $ (2,585) $ (2,866) $ (103)
Fixed Charges:
Interest expense, including capitalized amounts and amortization of debt costs 398 265 878 1,041 834 769
Preferred stock dividends — — 2 18 19 17
Portion of rental expense representative of the interest factor 34 20 90 215 273 270
$ 432 $ 285 $ 970 $ 1,274 $ 1,126 $ 1,056
Ratio of Earnings to Fixed Charges 2.22 5.54 (6.18) (2.03) (2.55) (0.10)