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Exhibit 12.2
UAL Corporation and Subsidiary Companies
Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividend Requirements
Earnings(loss): | ||
Loss before income taxes & adjustments for minority | ||
interest and equity earnings/(losses) in affiliates | $(4,274) | $(978) |
Add(deduct): | ||
Fixed charges, from below | 571 | 465 |
Distributed earnings of affiliates | - | 1 |
Amortization of capitalized interest | 11 | 12 |
Interest capitalized | 4 | (1) |
Preferred stock dividend requirements | (7) | (7) |
Loss as adjusted | $(3,695) | $ (508) |
Fixed charges: | ||
Interest expense, including capitalized amounts and | ||
amortization of debt costs | $ 353 | $ 336 |
Preferred stock dividend requirements | 7 | 7 |
Portion of rental expense representative | ||
of the interest factor | 211 | 122 |
Fixed charges | $ 571 | $ 465 |
Ratio of earnings to fixed charges | (a) | (a) |
(a) Earnings were inadequate to cover fixed charges and preferred stock dividend requirements by $4.3 billion in 2005 and $973 million in 2004.