Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - United Airlines Holdings, Inc. | d437791dex322.htm |
| EX-32.1 - EX-32.1 - United Airlines Holdings, Inc. | d437791dex321.htm |
| EX-31.4 - EX-31.4 - United Airlines Holdings, Inc. | d437791dex314.htm |
| EX-31.3 - EX-31.3 - United Airlines Holdings, Inc. | d437791dex313.htm |
| EX-31.2 - EX-31.2 - United Airlines Holdings, Inc. | d437791dex312.htm |
| EX-31.1 - EX-31.1 - United Airlines Holdings, Inc. | d437791dex311.htm |
| EX-12.2 - EX-12.2 - United Airlines Holdings, Inc. | d437791dex122.htm |
| EX-10.1 - EX-10.1 - United Airlines Holdings, Inc. | d437791dex101.htm |
| 10-Q - 10-Q - United Airlines Holdings, Inc. | d437791d10q.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, 2017 |
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||||||
| Earnings (losses): |
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| Earnings (loss) before income taxes | $ | 2,399 | $ | 3,819 | $ | 4,219 | $ | 1,128 | $ | 539 | $ | (724) | ||||||||||||||||
| Add (deduct): |
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| Fixed charges, from below |
1,032 | 1,370 | 1,428 | 1,648 | 1,629 | 1,526 | ||||||||||||||||||||||
| Amortization of capitalized interest |
7 | 11 | 12 | 12 | 11 | 9 | ||||||||||||||||||||||
| Distributed earnings of affiliates |
— | 1 | 1 | 1 | — | — | ||||||||||||||||||||||
| Interest capitalized |
(64) | (72) | (49) | (52) | (49) | (37) | ||||||||||||||||||||||
| Equity earnings in affiliates |
— | — | (2) | (1) | (1) | (4) | ||||||||||||||||||||||
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| Earnings as adjusted |
$ | 3,374 | $ | 5,129 | $ | 5,609 | $ | 2,736 | $ | 2,129 | $ | 770 | ||||||||||||||||
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| Fixed charges: |
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| Interest expense | $ | 472 | $ | 614 | $ | 669 | $ | 735 | $ | 783 | $ | 835 | ||||||||||||||||
| Portion of rent expense representative of the interest factor (a) | 560 | 756 | 759 | 913 | 846 | 691 | ||||||||||||||||||||||
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| Fixed charges |
$ | 1,032 | $ | 1,370 | $ | 1,428 | $ | 1,648 | $ | 1,629 | $ | 1,526 | ||||||||||||||||
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| Ratio of earnings to fixed charges |
3.27 | 3.74 | 3.93 | 1.66 | 1.31 | (b) | ||||||||||||||||||||||
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(a) Imputed interest applied to rent expense.
(b) Earnings were inadequate to cover fixed charges by $756 million in 2012.