UNITED AIR LINES INC
10-Q, EX-12, 2000-11-13
AIR TRANSPORTATION, SCHEDULED
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<TYPE>  EX-12

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                                                                                                 Exhibit 12

 

 

 

United Air Lines, Inc. and Subsidiary Companies

 

Computation of Ratio of Earnings to Fixed Charges

 

 

 

Nine Months Ended

 

September 30

     
 

2000

1999

 

(In Millions)

Earnings:

   

   Earnings before income taxes, extraordinary item

   

    and cumulative effect of accounting change

$    563 

$ 1,711 

   Fixed charges, from below

788 

766 

   Undistributed (earnings) losses of affiliates

(26)

   Interest capitalized

     (57)

     (56)

     

       Earnings

$ 1,298 

$ 2,395 

 

===== 

===== 

     

Fixed charges:

   

   

   

   Interest expense

$    304 

$   280 

   Portion of rental expense representative

   

       of the interest factor

    484 

    486 

     

       Fixed charges

$   788 

$   766 

 

===== 

===== 

     

Ratio of earnings to fixed charges

       1.65 

            3.13 

 

===== 

===== 

     
     

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