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Delta Air Lines Inc/DE – ‘10-K’ for 6/30/97 – EX-12

As of:  Monday, 9/29/97   ·   For:  6/30/97   ·   Accession #:  950144-97-10440   ·   File #:  0-20319

Previous ‘10-K’:  ‘10-K’ on 9/30/96 for 6/30/96   ·   Next:  ‘10-K’ on 9/28/98 for 6/30/98   ·   Latest:  ‘10-K’ on 2/12/24 for 12/31/23

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 9/29/97  Delta Air Lines Inc/DE            10-K        6/30/97   11:711K                                   Bowne of Atlanta Inc/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Delta Air Lines, Inc.                                 27    111K 
 2: EX-4.7      Credit Agreement                                      91    331K 
 4: EX-10.16    Forms of Executive Retention Protection Agreements    45    153K 
 3: EX-10.8     Agreement Between Delta and Ronald W. Allen           63    241K 
 5: EX-11       Statement Re: Computation of Per Share Earnings        2±    13K 
 6: EX-12       Statement Re: Computation of Ratios                    1     10K 
 7: EX-13       Portions of Delta's 1997 Annual Report                54±   243K 
 8: EX-18       Letter Re: Change in Accounting Principles             1      9K 
 9: EX-23       Consent of Arthur Andersen                             1      7K 
10: EX-24       Powers of Attorney                                    13     25K 
11: EX-27       Financial Data Schedule                                1     10K 


EX-12   —   Statement Re: Computation of Ratios

EX-12TOCTopPreviousNextBottomJust 1st
 

EXHIBIT 12 DELTA AIR LINES, INC. STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (In millions, except ratios) [Enlarge/Download Table] ------------------------------------------------------- 1997 1996 1995 1994 1993 ---- ---- ---- ---- ---- Earnings (loss): Earnings (loss) before income taxes and cumulative effect of accounting changes $1,415 $ 276 $ 494 $(660) $(651) Add (deduct): Fixed charges from below 673 582 665 689 616 Interest capitalized (33) (26) (30) (33) (62) Interest offset on Guaranteed Serial ESOP Notes - (2) (4) (14) (15) ---------------------------------------------------- Earnings (loss) as adjusted $2,055 $ 830 $1,125 $ (18) $(112) ==================================================== Fixed charges: Interest expense $ 207 $ 269 $ 292 $ 304 $ 239 Portion of rental expense representative of the interest factor 466 311 369 371 362 Additional interest on Guaranteed Serial ESOP Notes - 2 4 14 15 ---------------------------------------------------- Total fixed charges $ 673 $ 582 $ 665 $ 689 $ 616 ==================================================== Ratio of earnings to fixed charges 3.05 1.43 1.69 - - ----------------------------------------------------------------- Earnings for the fiscal years ended June 30, 1994 and 1993 were inadequate to cover fixed charges. Additional earnings of $707 million for the fiscal year ended June 30, 1994, and of $728 million for the fiscal year ended June 30, 1993, would have been necessary to bring the ratio to 1.0.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:9/29/97
For Period End:6/30/9711-K
6/30/9410-K,  11-K,  NTN 11K
6/30/93
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Filing Submission 0000950144-97-010440   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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