Attached files
| file | filename |
|---|---|
| EX-10.2 - EX-10.2 - United Airlines Holdings, Inc. | d63220dex102.htm |
| EX-31.1 - EX-31.1 - United Airlines Holdings, Inc. | d63220dex311.htm |
| EX-31.3 - EX-31.3 - United Airlines Holdings, Inc. | d63220dex313.htm |
| EX-12.2 - EX-12.2 - United Airlines Holdings, Inc. | d63220dex122.htm |
| EX-32.2 - EX-32.2 - United Airlines Holdings, Inc. | d63220dex322.htm |
| 10-Q - FORM 10-Q - United Airlines Holdings, Inc. | d63220d10q.htm |
| EX-32.1 - EX-32.1 - United Airlines Holdings, Inc. | d63220dex321.htm |
| EX-31.4 - EX-31.4 - United Airlines Holdings, Inc. | d63220dex314.htm |
| EX-31.2 - EX-31.2 - United Airlines Holdings, Inc. | d63220dex312.htm |
| EX-10.1 - EX-10.1 - United Airlines Holdings, Inc. | d63220dex101.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, 2015 |
2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||||
| Earnings (losses): |
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| Earnings (loss) before income taxes | $ | 3,314 | $ | 1,128 | $ | 539 | $ | (724) | $ | 845 | $ | 253 | ||||||||||||||
| Add (deduct): |
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| Fixed charges, from below |
1,077 | 1,648 | 1,629 | 1,526 | 2,017 | 1,292 | ||||||||||||||||||||
| Amortization of capitalized interest |
10 | 12 | 11 | 9 | 7 | 5 | ||||||||||||||||||||
| Distributed earnings of affiliates |
— | 1 | — | — | 1 | 2 | ||||||||||||||||||||
| Interest capitalized |
(38) | (52) | (49) | (37) | (32) | (15) | ||||||||||||||||||||
| Equity earnings in affiliates |
(1) | (1) | (1) | (4) | (6) | (4) | ||||||||||||||||||||
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| Earnings as adjusted |
$ | 4,362 | $ | 2,736 | $ | 2,129 | $ | 770 | $ | 2,832 | $ | 1,533 | ||||||||||||||
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| Fixed charges: |
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| Interest expense | $ | 504 | $ | 735 | $ | 783 | $ | 835 | $ | 949 | $ | 798 | ||||||||||||||
| Portion of rent expense representative of the interest factor (a) | 573 | 913 | 846 | 691 | 1,068 | 494 | ||||||||||||||||||||
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| Fixed charges |
$ | 1,077 | $ | 1,648 | $ | 1,629 | $ | 1,526 | $ | 2,017 | $ | 1,292 | ||||||||||||||
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| Ratio of earnings to fixed charges |
4.05 | 1.66 | 1.31 | (b) | 1.40 | 1.19 | ||||||||||||||||||||
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(a) Imputed interest applied to rent expense.
(b) Earnings were inadequate to cover fixed charges by $756 million in 2012.