Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - DELTA AIR LINES, INC. | dal12312014ex32.htm |
| EX-21.1 - EXHIBIT 21.1 - DELTA AIR LINES, INC. | dal12312014ex211.htm |
| EX-31.2 - EXHIBIT 31.2 - DELTA AIR LINES, INC. | dal12312014ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - DELTA AIR LINES, INC. | dal12312014ex311.htm |
| EX-10.18 - EXHIBIT 10.18 - DELTA AIR LINES, INC. | dal12312014ex1018.htm |
| EX-10.16 - EXHIBIT 10.16 - DELTA AIR LINES, INC. | dal12312014ex1016.htm |
| EXCEL - IDEA: XBRL DOCUMENT - DELTA AIR LINES, INC. | Financial_Report.xls |
| 10-K - 10-K - DELTA AIR LINES, INC. | dal1231201410k.htm |
| EX-23.1 - EXHIBIT 23.1 - DELTA AIR LINES, INC. | dal12312014ex231.htm |
| EX-10.9 - EXHIBIT 10.9 - DELTA AIR LINES, INC. | dal12312014ex109.htm |
Exhibit 12.1
Delta Air Lines, Inc.
Computation of Ratio of Earnings to Fixed Charges
Year Ended December 31, | |||||||||||||||
(in millions, except for ratio data) | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||
Earnings (loss) before income taxes | $ | 1,072 | $ | 2,527 | $ | 1,025 | $ | 769 | $ | 608 | |||||
Add (deduct): | |||||||||||||||
Fixed charges from below | 737 | 947 | 1,116 | 1,202 | 1,315 | ||||||||||
Capitalized interest | (33 | ) | (29 | ) | (21 | ) | (9 | ) | (6 | ) | |||||
Earnings (loss) as adjusted | $ | 1,776 | $ | 3,445 | $ | 2,120 | $ | 1,962 | $ | 1,917 | |||||
Fixed charges: | |||||||||||||||
Interest expense, including capitalized amounts and amortization of debt costs | $ | 691 | $ | 891 | $ | 1,044 | $ | 1,122 | $ | 1,226 | |||||
Portion of rental expense representative of the interest factor | 46 | 56 | 72 | 80 | 89 | ||||||||||
Fixed charges | $ | 737 | $ | 947 | $ | 1,116 | $ | 1,202 | $ | 1,315 | |||||
Ratio of earnings to fixed charges | 2.41 | 3.64 | 1.90 | 1.63 | 1.46 | ||||||||||
The following are included in the results above:
Year Ended December 31, | |||||||||||||||
(in millions) | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||
MTM adjustments | $ | 2,346 | $ | (276 | ) | $ | (27 | ) | $ | 26 | $ | — | |||
Restructuring and other | 716 | 424 | 452 | 242 | 227 | ||||||||||
Loss on extinguishment of debt | 268 | — | 118 | 68 | 391 | ||||||||||
Virgin Atlantic MTM adjustments | 134 | — | — | — | — | ||||||||||
Merger-related items | — | — | — | — | 233 | ||||||||||
Total | $ | 3,464 | $ | 148 | $ | 543 | $ | 336 | $ | 851 | |||||