United Airlines Holdings, Inc. - FORM 10-K - EX-12.1 - February 22, 2018

Attached files

file filename
EX-32.2 - EX-32.2 - United Airlines Holdings, Inc.d471340dex322.htm
EX-32.1 - EX-32.1 - United Airlines Holdings, Inc.d471340dex321.htm
EX-31.4 - EX-31.4 - United Airlines Holdings, Inc.d471340dex314.htm
EX-31.3 - EX-31.3 - United Airlines Holdings, Inc.d471340dex313.htm
EX-31.2 - EX-31.2 - United Airlines Holdings, Inc.d471340dex312.htm
EX-31.1 - EX-31.1 - United Airlines Holdings, Inc.d471340dex311.htm
EX-23.2 - EX-23.2 - United Airlines Holdings, Inc.d471340dex232.htm
EX-23.1 - EX-23.1 - United Airlines Holdings, Inc.d471340dex231.htm
EX-21.1 - EX-21.1 - United Airlines Holdings, Inc.d471340dex211.htm
EX-12.2 - EX-12.2 - United Airlines Holdings, Inc.d471340dex122.htm
EX-10.219 - EX-10.219 - United Airlines Holdings, Inc.d471340dex10219.htm
EX-10.64 - EX-10.64 - United Airlines Holdings, Inc.d471340dex1064.htm
EX-10.63 - EX-10.63 - United Airlines Holdings, Inc.d471340dex1063.htm
EX-10.3 - EX-10.3 - United Airlines Holdings, Inc.d471340dex103.htm
10-K - FORM 10-K - United Airlines Holdings, Inc.d471340d10k.htm

Exhibit 12.1

United Continental Holdings, Inc. and Subsidiary Companies

Computation of Ratio of Earnings to Fixed Charges

 

(In millions, except ratios)    2017     2016     2015     2014     2013  

Earnings:

           

Earnings before income taxes

    $ 2,999     $ 3,819     $ 4,219     $ 1,128     $ 539  

Add (deduct):

           

Fixed charges, from below

      1,389       1,370       1,428       1,648       1,629  

Amortization of capitalized interest

      9       11       12       12       11  

Distributed earnings of affiliates

      —         1       1       1       —    

Interest capitalized

      (84 )      (72 )      (49 )      (52 )      (49 ) 

Equity earnings in affiliates

      (4 )      —         (2 )      (1 )      (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings as adjusted

    $ 4,309     $ 5,129     $ 5,609     $ 2,736     $ 2,129  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges:

           

Interest expense

    $ 643     $ 614     $ 669     $ 735     $ 783  

Portion of rent expense representative of the interest factor (a)

      746       756       759       913       846  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges

    $ 1,389     $ 1,370     $ 1,428     $ 1,648     $ 1,629  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

      3.10       3.74       3.93       1.66       1.31  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(a) Imputed interest applied to rent expense.

United Airlines Holdings, Inc. Reports