Attached files
| file | filename |
|---|---|
| EX-12.2 - EX-12.2 - United Airlines Holdings, Inc. | d787177dex122.htm |
| EX-10.3 - EX-10.3 - United Airlines Holdings, Inc. | d787177dex103.htm |
| EX-32.2 - EX-32.2 - United Airlines Holdings, Inc. | d787177dex322.htm |
| EX-32.1 - EX-32.1 - United Airlines Holdings, Inc. | d787177dex321.htm |
| EX-31.3 - EX-31.3 - United Airlines Holdings, Inc. | d787177dex313.htm |
| EX-31.1 - EX-31.1 - United Airlines Holdings, Inc. | d787177dex311.htm |
| EX-31.2 - EX-31.2 - United Airlines Holdings, Inc. | d787177dex312.htm |
| EXCEL - IDEA: XBRL DOCUMENT - United Airlines Holdings, Inc. | Financial_Report.xls |
| 10-Q - 10-Q - United Airlines Holdings, Inc. | d787177d10q.htm |
| EX-31.4 - EX-31.4 - United Airlines Holdings, Inc. | d787177dex314.htm |
Exhibit 12.1
United Continental Holdings, Inc. and Subsidiary Companies
Computation of Ratio of Earnings to Fixed Charges
| (In millions, except ratios) | Nine Months Ended September 30, 2014 |
2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
| Earnings (losses): |
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| Earnings (loss) before income taxes | $ | 1,105 | $ | 539 | $ | (724) | $ | 845 | $ | 253 | $ | (668) | ||||||||||||||
| Add (deduct): |
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| Fixed charges, from below |
1,244 | 1,629 | 1,526 | 2,017 | 1,292 | 949 | ||||||||||||||||||||
| Amortization of capitalized interest |
8 | 11 | 9 | 7 | 5 | 3 | ||||||||||||||||||||
| Distributed earnings of affiliates |
— | — | — | 1 | 2 | 2 | ||||||||||||||||||||
| Interest capitalized |
(40) | (49) | (37) | (32) | (15) | (10) | ||||||||||||||||||||
| Equity earnings in affiliates |
(1) | (1) | (4) | (6) | (4) | (4) | ||||||||||||||||||||
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| Earnings as adjusted |
$ | 2,316 | $ | 2,129 | $ | 770 | $ | 2,832 | $ | 1,533 | $ | 272 | ||||||||||||||
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| Fixed charges: |
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| Interest expensed and capitalized and amortization of premiums, debt discounts, issuance costs, and capital expenditures (a) | $ | 559 | $ | 783 | $ | 835 | $ | 949 | $ | 798 | $ | 577 | ||||||||||||||
| Portion of rent expense representative of the interest factor (d) | 685 | 846 | 691 | 1,068 | 494 | 372 | ||||||||||||||||||||
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| Fixed charges |
$ | 1,244 | $ | 1,629 | $ | 1,526 | $ | 2,017 | $ | 1,292 | $ | 949 | ||||||||||||||
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| Ratio of earnings to fixed charges |
1.86 | 1.31 | (b) | 1.40 | 1.19 | (c) | ||||||||||||||||||||
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(a) Amortization of debt discounts includes amortization of fresh-start valuation discounts.
(b) Earnings were inadequate to cover fixed charges by $756 million in 2012.
(c) Earnings were inadequate to cover fixed charges by $677 million in 2009.
(d) Imputed interest applied to rent expense.