Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - United Airlines Holdings, Inc. | d558908dex322.htm |
| EX-32.1 - EX-32.1 - United Airlines Holdings, Inc. | d558908dex321.htm |
| EX-31.4 - EX-31.4 - United Airlines Holdings, Inc. | d558908dex314.htm |
| EX-31.3 - EX-31.3 - United Airlines Holdings, Inc. | d558908dex313.htm |
| EX-31.2 - EX-31.2 - United Airlines Holdings, Inc. | d558908dex312.htm |
| EX-31.1 - EX-31.1 - United Airlines Holdings, Inc. | d558908dex311.htm |
| EX-12.2 - EX-12.2 - United Airlines Holdings, Inc. | d558908dex122.htm |
| 10-Q - 10-Q - United Airlines Holdings, Inc. | d558908d10q.htm |
Exhibit 12.1
United Continental Holdings, Inc. and Subsidiary Companies
Computation of Ratio of Earnings to Fixed Charges
| (In millions, except ratios) | Three Months Ended March 31, 2018 |
2017 (a) | 2016 (a) | 2015 | 2014 | 2013 | ||||||||||||||||||||||
| Earnings: |
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| Earnings before income taxes | $ | 184 | $ | 3,040 | $ | 3,773 | $ | 4,219 | $ | 1,128 | $ | 539 | ||||||||||||||||
| Add (deduct): |
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| Fixed charges, from below |
349 | 1,417 | 1,430 | 1,428 | 1,648 | 1,629 | ||||||||||||||||||||||
| Amortization of capitalized interest |
2 | 9 | 11 | 12 | 12 | 11 | ||||||||||||||||||||||
| Distributed earnings of affiliates |
— | — | 1 | 1 | 1 | — | ||||||||||||||||||||||
| Interest capitalized |
(19) | (84) | (72) | (49) | (52) | (49) | ||||||||||||||||||||||
| Equity earnings in affiliates |
(5) | (4) | — | (2) | (1) | (1) | ||||||||||||||||||||||
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| Earnings as adjusted |
$ | 511 | $ | 4,378 | $ | 5,143 | $ | 5,609 | $ | 2,736 | $ | 2,129 | ||||||||||||||||
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| Fixed charges: |
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| Interest expense | $ | 176 | $ | 671 | $ | 674 | $ | 669 | $ | 735 | $ | 783 | ||||||||||||||||
| Portion of rent expense representative of the interest factor (b) | 173 | 746 | 756 | 759 | 913 | 846 | ||||||||||||||||||||||
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| Fixed charges |
$ | 349 | $ | 1,417 | $ | 1,430 | $ | 1,428 | $ | 1,648 | $ | 1,629 | ||||||||||||||||
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| Ratio of earnings to fixed charges |
1.46 | 3.09 | 3.60 | 3.93 | 1.66 | 1.31 | ||||||||||||||||||||||
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(a) Amounts adjusted due to the adoption of Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606). See Note 1 to the financial statements contained in Part I, Item 1 of United Continental Holdings, Inc.’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2018 for additional information related to the adjusted results.
(b) Imputed interest applied to rent expense.