Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - DELTA AIR LINES, INC. | dal12312016ex32.htm |
| EX-31.2 - EXHIBIT 31.2 - DELTA AIR LINES, INC. | dal12312016ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - DELTA AIR LINES, INC. | dal12312016ex311.htm |
| EX-23.1 - EXHIBIT 23.1 - DELTA AIR LINES, INC. | dal12312016ex231.htm |
| EX-21.1 - EXHIBIT 21.1 - DELTA AIR LINES, INC. | dal12312016ex211.htm |
| EX-10.17 - EXHIBIT 10.17 - DELTA AIR LINES, INC. | dal12312016ex1017.htm |
| EX-10.15 - EXHIBIT 10.15 - DELTA AIR LINES, INC. | dal12312016ex1015.htm |
| EX-10.11 - EXHIBIT 10.11 - DELTA AIR LINES, INC. | dal12312016ex1011.htm |
| 10-K - 10-K - DELTA AIR LINES, INC. | dal1231201610k.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) | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||
Earnings before income taxes | $ | 6,636 | $ | 7,157 | $ | 1,072 | $ | 2,527 | $ | 1,025 | |||||
Add (deduct): | |||||||||||||||
Fixed charges from below | 528 | 584 | 737 | 947 | 1,116 | ||||||||||
Capitalized interest | (53 | ) | (36 | ) | (33 | ) | (29 | ) | (21 | ) | |||||
Earnings as adjusted | $ | 7,111 | $ | 7,705 | $ | 1,776 | $ | 3,445 | $ | 2,120 | |||||
Fixed charges: | |||||||||||||||
Interest expense, including capitalized amounts and amortization of debt costs | $ | 472 | $ | 534 | $ | 691 | $ | 891 | $ | 1,044 | |||||
Portion of rental expense representative of the interest factor | 56 | 50 | 46 | 56 | 72 | ||||||||||
Fixed charges | $ | 528 | $ | 584 | $ | 737 | $ | 947 | $ | 1,116 | |||||
Ratio of earnings to fixed charges | 13.47 | 13.19 | 2.41 | 3.64 | 1.90 | ||||||||||
Special Items
Year Ended December 31, | |||||||||||||||
(in millions) | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||
MTM adjustments and settlements | $ | 450 | $ | 1,301 | $ | (2,346 | ) | $ | 276 | $ | 27 | ||||
Restructuring and other | — | (35 | ) | (716 | ) | (424 | ) | (452 | ) | ||||||
Loss on extinguishment of debt | — | — | (268 | ) | — | (118 | ) | ||||||||
Virgin Atlantic MTM adjustments | 115 | 26 | (134 | ) | — | — | |||||||||
Total income (loss) | $ | 565 | $ | 1,292 | $ | (3,464 | ) | $ | (148 | ) | $ | (543 | ) | ||