Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - United Airlines Holdings, Inc. | d188420d10q.htm |
| EX-10.5 - EX-10.5 - United Airlines Holdings, Inc. | d188420dex105.htm |
| EX-31.4 - EX-31.4 - United Airlines Holdings, Inc. | d188420dex314.htm |
| EX-32.2 - EX-32.2 - United Airlines Holdings, Inc. | d188420dex322.htm |
| EX-31.2 - EX-31.2 - United Airlines Holdings, Inc. | d188420dex312.htm |
| EX-10.3 - EX-10.3 - United Airlines Holdings, Inc. | d188420dex103.htm |
| EX-32.1 - EX-32.1 - United Airlines Holdings, Inc. | d188420dex321.htm |
| EX-10.4 - EX-10.4 - United Airlines Holdings, Inc. | d188420dex104.htm |
| EX-31.1 - EX-31.1 - United Airlines Holdings, Inc. | d188420dex311.htm |
| EX-10.7 - EX-10.7 - United Airlines Holdings, Inc. | d188420dex107.htm |
| EX-12.2 - EX-12.2 - United Airlines Holdings, Inc. | d188420dex122.htm |
| EX-10.6 - EX-10.6 - United Airlines Holdings, Inc. | d188420dex106.htm |
| EX-31.3 - EX-31.3 - United Airlines Holdings, Inc. | d188420dex313.htm |
Exhibit 12.1
United Continental Holdings, Inc. and Subsidiary Companies
Computation of Ratio of Earnings to Fixed Charges
| (In millions, except ratios) | Six Months Ended June 30, 2016 |
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||
| Earnings (losses): |
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| Earnings (loss) before income taxes | $ | 1,425 | $ | 4,219 | $ | 1,128 | $ | 539 | $ | (724) | $ | 845 | ||||||||||||||
| Add (deduct): |
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| Fixed charges, from below |
697 | 1,428 | 1,648 | 1,629 | 1,526 | 2,017 | ||||||||||||||||||||
| Amortization of capitalized interest |
6 | 12 | 12 | 11 | 9 | 7 | ||||||||||||||||||||
| Distributed earnings of affiliates |
— | 1 | 1 | — | — | 1 | ||||||||||||||||||||
| Interest capitalized |
(28) | (49) | (52) | (49) | (37) | (32) | ||||||||||||||||||||
| Equity earnings in affiliates |
2 | (2) | (1) | (1) | (4) | (6) | ||||||||||||||||||||
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| Earnings as adjusted |
$ | 2,102 | $ | 5,609 | $ | 2,736 | $ | 2,129 | $ | 770 | $ | 2,832 | ||||||||||||||
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| Fixed charges: |
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| Interest expense | $ | 316 | $ | 669 | $ | 735 | $ | 783 | $ | 835 | $ | 949 | ||||||||||||||
| Portion of rent expense representative of the interest factor (a) | 381 | 759 | 913 | 846 | 691 | 1,068 | ||||||||||||||||||||
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| Fixed charges |
$ | 697 | $ | 1,428 | $ | 1,648 | $ | 1,629 | $ | 1,526 | $ | 2,017 | ||||||||||||||
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| Ratio of earnings to fixed charges |
3.02 | 3.93 | 1.66 | 1.31 | (b) | 1.40 | ||||||||||||||||||||
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(a) Imputed interest applied to rent expense.
(b) Earnings were inadequate to cover fixed charges by $756 million in 2012.