<DOCUMENT>
<TYPE>EX-12
<SEQUENCE>5
<FILENAME>g68691ex12.txt
<DESCRIPTION>COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<TEXT>

<PAGE>   1

                                                                      EXHIBIT 12

DELTA AIR LINES, INC.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS/(LOSS) TO FIXED CHARGES
(IN MILLIONS, EXCEPT RATIOS)

<TABLE>
<CAPTION>
                                                                          Three Months   Three Months
                                                                              Ended         Ended
                                                                             March 31      March 31
                                                                               2001          2000
                                                                          ------------   ------------

<S>                                                                       <C>            <C>
Earnings/(loss):
              Earnings (loss) before income taxes                             $ (222)       $  365

Add (deduct):
              Fixed charges from below                                           284           263
              Interest capitalized                                                (9)          (12)
                                                                              ------        ------

Earnings as adjusted                                                          $   53        $  616

Fixed charges:
              Interest expense                                                $  120        $  106
              Portion of rental expense representative of the
                interest factor                                                  164           157
                                                                              ------        ------

Total fixed charges                                                           $  284        $  263

Ratio of earnings to fixed charges                                              0.19          2.34
</TABLE>

2001
Actual - USD
USD
Internal Orders
PDAL - Consolidated

<TABLE>
<CAPTION>
                                     Qtr1

<S>                            <C>
Income Before Income Tax       (221,961,551.57)
</TABLE>

</TEXT>
</DOCUMENT>