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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 |
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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 |
$ 563 |
$ 1,711 |
Fixed charges, from below |
788 |
766 |
Undistributed (earnings) losses of affiliates |
4 |
(26) |
Interest capitalized |
(57 ) |
(56 ) |
Earnings |
$ 1,298 |
$ 2,395 |
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Fixed charges: |
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Interest expense |
$ 304 |
$ 280 |
Portion of rental expense representative |
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of the interest factor |
484 |
486 |
Fixed charges |
$ 788 |
$ 766 |
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Ratio of earnings to fixed charges |
1.65 |
3.13 |
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