Attached files
Exhibit 12.2
United Air Lines, Inc. and Subsidiary Companies
Computation of Ratio of Earnings to Fixed Charges
Six Months Ended June 30, |
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(In millions) |
2010 | 2009 | ||||||
Earnings (loss): |
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Earnings (loss) before income taxes & adjustments for minority interest and equity earnings of affiliates |
$ | 206 | $ | (393 | ) | |||
Add (deduct): |
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Fixed charges, from below |
467 | 439 | ||||||
Amortization of capitalized interest |
2 | 1 | ||||||
Distributed earnings of affiliates |
2 | 1 | ||||||
Minority interest |
(1 | ) | (1 | ) | ||||
Interest capitalized |
(5 | ) | (5 | ) | ||||
Earnings as adjusted |
$ | 671 | $ | 42 | ||||
Fixed charges: |
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Interest expensed and capitalized and amortization |
$ | 339 | $ | 269 | ||||
Portion of rental expense representative of the interest factor |
128 | 170 | ||||||
Fixed charges, as above |
$ | 467 | $ | 439 | ||||
Ratio of earnings to fixed charges |
1.44 | (b | ) | |||||
(a) | Amortization of debt discounts includes amortization of fresh-start valuation discounts. |
(b) | Earnings were inadequate to cover fixed charges by $397 million for the six months ended June 30, 2009. |