Delta Airlines 2008 Annual Report Download - page 203

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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)