United Airlines Holdings, Inc. - FORM 10-K - EX-12.2 - 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-12.1 - EX-12.1 - United Airlines Holdings, Inc.d471340dex121.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 12.2

United Airlines, 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

    $ 3,001     $ 3,822     $ 4,221     $ 1,110     $ 637  

Add (deduct):

           

Fixed charges, from below

      1,389       1,370       1,429       1,655       1,627  

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

    $ 4,311     $ 5,132     $ 5,612     $ 2,725     $ 2,225  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges:

           

Interest expense

    $ 643     $ 614     $ 670     $ 742     $ 781  

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

      746       756       759       913       846  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges

    $ 1,389     $ 1,370     $ 1,429     $ 1,655     $ 1,627  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

      3.10       3.75       3.93       1.65       1.37  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(a) Imputed interest applied to rent expense.

United Airlines Holdings, Inc. Reports