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<TYPE> EX-12.1
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Exhibit 12.1
UAL Corporation and Subsidiary Companies
Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividend Requirements
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Nine Months Ended |
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September 30 |
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2000 |
1999 |
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(In Millions) |
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Earnings: |
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Earnings before income taxes, extraordinary item |
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and cumulative effect of accounting change |
$ 541 |
$ 1,739 |
Fixed charges, from below |
841 |
905 |
Undistributed (earnings) losses of affiliates |
4 |
(26) |
Interest capitalized |
(57 ) |
(56 ) |
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Earnings |
$ 1,329 |
$ 2,562 |
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Fixed charges: |
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Interest expense |
$ 293 |
$ 273 |
Preferred stock dividend requirements |
69 |
152 |
Portion of rental expense representative |
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of the interest factor |
479 |
480 |
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Fixed charges |
$ 841 |
$ 905 |
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===== |
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Ratio of earnings to fixed charges |
1.58 |
2.83 |
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===== |
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