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New words:
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Removed:
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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
(In Millions) | ||||||
Earnings (losses): | ||||||
Loss before income taxes & adjustments for | ||||||
minority interest and equity earnings/(losses) | ||||||
in affiliates | $(221) | $22,846 | $(1,069) | |||
Add (deduct): | ||||||
Fixed charges, from below | 191 | 64 | 191 | |||
Distributed earnings of affiliates | 112 | - | 186 | |||
Amortization of capitalized interest | - | 1 | 4 | |||
Interest capitalized | (2) | - | 5 | |||
Preferred stock dividend requirements | (2) | (1) | (2) | |||
Loss as adjusted | $ 78 | $22,910 | $ (685) | |||
Fixed charges: | ||||||
Interest expense, including capitalized amounts | ||||||
and amortization of debt costs | $ 138 | $ 41 | $ 113 | |||
Preferred stock dividend requirements | 2 | 1 | 2 | |||
Portion of rental expense representative | ||||||
of the interest factor | 51 | 22 | 76 | |||
Fixed charges | $ 191 | $ 64 | $ 191 | |||
Ratio of earnings to fixed charges | (a) | 358.64 | (a) |
______________
(a) Earnings were inadequate to cover fixed charges by $113 million in the two month period ended March 31, 2006
and $877 million in the first quarter of 2005.