Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - United Airlines Holdings, Inc. | d259980dex322.htm |
| EX-32.1 - EX-32.1 - United Airlines Holdings, Inc. | d259980dex321.htm |
| EX-31.4 - EX-31.4 - United Airlines Holdings, Inc. | d259980dex314.htm |
| EX-31.3 - EX-31.3 - United Airlines Holdings, Inc. | d259980dex313.htm |
| EX-31.2 - EX-31.2 - United Airlines Holdings, Inc. | d259980dex312.htm |
| EX-31.1 - EX-31.1 - United Airlines Holdings, Inc. | d259980dex311.htm |
| EX-12.1 - EX-12.1 - United Airlines Holdings, Inc. | d259980dex121.htm |
| EX-10.2 - EX-10.2 - United Airlines Holdings, Inc. | d259980dex102.htm |
| EX-10.1 - EX-10.1 - United Airlines Holdings, Inc. | d259980dex101.htm |
| 10-Q - 10-Q - United Airlines Holdings, Inc. | d259980d10q.htm |
Exhibit 12.2
United Airlines, Inc. and Subsidiary Companies
Computation of Ratio of Earnings to Fixed Charges
| (In millions, except ratios) | Nine Months Ended September 30, 2016 |
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||
| Earnings (losses): |
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| Earnings (loss) before income taxes | $ | 2,936 | $ | 4,221 | $ | 1,110 | $ | 637 | $ | (657) | $ | 848 | ||||||||||||
| Add (deduct): |
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| Fixed charges, from below |
1,033 | 1,429 | 1,655 | 1,627 | 1,514 | 2,005 | ||||||||||||||||||
| Amortization of capitalized interest |
9 | 12 | 12 | 11 | 9 | 7 | ||||||||||||||||||
| Distributed earnings of affiliates |
— | 1 | 1 | — | — | 1 | ||||||||||||||||||
| Interest capitalized |
(48) | (49) | (52) | (49) | (37) | (32) | ||||||||||||||||||
| Equity earnings in affiliates |
2 | (2) | (1) | (1) | (4) | (6) | ||||||||||||||||||
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| Earnings as adjusted |
$ | 3,932 | $ | 5,612 | $ | 2,725 | $ | 2,225 | $ | 825 | $ | 2,823 | ||||||||||||
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| Fixed charges: |
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| Interest expense | $ | 466 | $ | 670 | $ | 742 | $ | 781 | $ | 823 | $ | 937 | ||||||||||||
| Portion of rent expense representative of the interest factor (a) | 567 | 759 | 913 | 846 | 691 | 1,068 | ||||||||||||||||||
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| Fixed charges |
$ | 1,033 | $ | 1,429 | $ | 1,655 | $ | 1,627 | $ | 1,514 | $ | 2,005 | ||||||||||||
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| Ratio of earnings to fixed charges |
3.81 | 3.93 | 1.65 | 1.37 | (b) | 1.41 | ||||||||||||||||||
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(a) Imputed interest applied to rent expense.
(b) Earnings were inadequate to cover fixed charges by $689 million in 2012.