Attached files
file | filename |
---|---|
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-12.1 - EX-12.1 - United Airlines Holdings, Inc. | d787177dex121.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 12.2
United Airlines, 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): |
||||||||||||||||||||||||
Earnings (loss) before income taxes | $ | 1,123 | $ | 637 | $ | (657) | $ | 848 | $ | 286 | $ | (644) | ||||||||||||
Add (deduct): |
||||||||||||||||||||||||
Fixed charges, from below |
1,249 | 1,627 | 1,514 | 2,005 | 1,274 | 950 | ||||||||||||||||||
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) | (7) | (4) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Earnings as adjusted |
$ | 2,339 | $ | 2,225 | $ | 825 | $ | 2,823 | $ | 1,545 | $ | 297 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Fixed charges: |
||||||||||||||||||||||||
Interest expensed and capitalized and amortization of premiums, debt discounts, issuance costs, and capital expenditures (a) | $ | 564 | $ | 781 | $ | 823 | $ | 937 | $ | 780 | $ | 577 | ||||||||||||
Portion of rent expense representative of the interest factor (d) | 685 | 846 | 691 | 1,068 | 494 | 373 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Fixed charges |
$ | 1,249 | $ | 1,627 | $ | 1,514 | $ | 2,005 | $ | 1,274 | $ | 950 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Ratio of earnings to fixed charges |
1.87 | 1.37 | (b) | 1.41 | 1.21 | (c) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) Amortization of debt discounts includes amortization of fresh-start valuation discounts.
(b) Earnings were inadequate to cover fixed charges by $689 million in 2012.
(c) Earnings were inadequate to cover fixed charges by $653 million in 2009.
(d) Imputed interest applied to rent expense.