Attached files
| file | filename |
|---|---|
| EX-12.1 - EXHIBIT 12.1 - United Airlines Holdings, Inc. | ual_09301810qex121.htm |
| EX-32.2 - EXHIBIT 32.2 - United Airlines Holdings, Inc. | ual_09301810qex322.htm |
| EX-32.1 - EXHIBIT 32.1 - United Airlines Holdings, Inc. | ual_09301810qex321.htm |
| EX-31.4 - EXHIBIT 31.4 - United Airlines Holdings, Inc. | ual_09301810qex314.htm |
| EX-31.3 - EXHIBIT 31.3 - United Airlines Holdings, Inc. | ual_09301810qex313.htm |
| EX-31.2 - EXHIBIT 31.2 - United Airlines Holdings, Inc. | ual_09301810qex312.htm |
| EX-31.1 - EXHIBIT 31.1 - United Airlines Holdings, Inc. | ual_09301810qex311.htm |
| EX-10.1 - EXHIBIT 10.1 - United Airlines Holdings, Inc. | ual_09301810qex101.htm |
| 10-Q - 10-Q - United Airlines Holdings, Inc. | ual_09301810q.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, 2018 | 2017 (a) | 2016 (a) | 2015 | 2014 | 2013 | ||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Earnings before income taxes | $ | 2,103 | $ | 3,042 | $ | 3,775 | $ | 4,221 | $ | 1,110 | $ | 637 | ||||||||||||
Add (deduct): | ||||||||||||||||||||||||
Fixed charges, from below | 1,056 | 1,417 | 1,430 | 1,429 | 1,655 | 1,627 | ||||||||||||||||||
Amortization of capitalized interest | 8 | 9 | 11 | 12 | 12 | 11 | ||||||||||||||||||
Distributed earnings of affiliates | — | — | 1 | 1 | 1 | — | ||||||||||||||||||
Interest capitalized | (51 | ) | (84 | ) | (72 | ) | (49 | ) | (52 | ) | (49 | ) | ||||||||||||
Equity earnings in affiliates | (13 | ) | (4 | ) | — | (2 | ) | (1 | ) | (1 | ) | |||||||||||||
Earnings as adjusted | $ | 3,103 | $ | 4,380 | $ | 5,145 | $ | 5,612 | $ | 2,725 | $ | 2,225 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | $ | 540 | $ | 671 | $ | 674 | $ | 670 | $ | 742 | $ | 781 | ||||||||||||
Portion of rent expense representative of the interest factor (b) | 516 | 746 | 756 | 759 | 913 | 846 | ||||||||||||||||||
Fixed charges | $ | 1,056 | $ | 1,417 | $ | 1,430 | $ | 1,429 | $ | 1,655 | $ | 1,627 | ||||||||||||
Ratio of earnings to fixed charges | 2.94 | 3.09 | 3.60 | 3.93 | 1.65 | 1.37 | ||||||||||||||||||
(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 Airlines, Inc.’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2018 for additional information related to the adjusted results.
(b) Imputed interest applied to rent expense.