Delta Airlines 2015 Annual Report Download - page 186
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Exhibit12.1
DeltaAirLines,Inc.
ComputationofRatioofEarningstoFixedCharges
YearEndedDecember31,
(inmillions,exceptforratiodata) 2015 2014 2013 2012 2011
Earningsbeforeincometaxes $ 7,157 $ 1,072 $ 2,527 $ 1,025 $ 769
Add(deduct):
Fixedchargesfrombelow 584 737 947 1,116 1,202
Capitalizedinterest (36) (33) (29) (21) (9)
Earningsasadjusted $ 7,705 $ 1,776 $ 3,445 $ 2,120 $ 1,962
Fixedcharges:
Interestexpense,includingcapitalizedamountsandamortizationofdebtcosts $ 534 $ 691 $ 891 $ 1,044 $ 1,122
Portionofrentalexpenserepresentativeoftheinterestfactor 50 46 56 72 80
Fixedcharges $ 584 $ 737 $ 947 $ 1,116 $ 1,202
Ratioofearningstofixedcharges 13.19 2.41 3.64 1.90 1.63
SpecialItems
YearEndedDecember31,
(inmillions) 2015 2014 2013 2012 2011
MTMadjustmentsandsettlements $ 1,301 $ (2,346) $ 276 $ 27 $ (26)
Restructuringandother (35) (716) (424) (452) (242)
Lossonextinguishmentofdebt — (268) — (118) (68)
VirginAtlanticMTMadjustments 26 (134) — — —
Totalincome(loss) $ 1,292 $ (3,464) $ (148) $ (543) $ (336)