Exhibit 12.3
US AIRWAYS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio amounts)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio amounts)
| Successor Company (a) | Predecessor Company (a) | |||||||||||||||||||||||||||||||||
| Six-Months Ended | Three Months Ended | Nine Months Ended | Year Ended | Nine Months Ended | Three Months Ended | Years Ended | ||||||||||||||||||||||||||||
| June 30, | December 31, | September 30, | December 31, | December 31, | March 31, | December 31, | ||||||||||||||||||||||||||||
| 2006 | 2005 | 2005 | 2004 | 2003 | 2003 | 2002 | 2001 | |||||||||||||||||||||||||||
| Income (Loss) before income taxes and cumulative effect of change in accounting principle | $ | 248 | $ | (120 | ) | $ | 278 | $ | (585 | ) | $ | (154 | ) | $ | 1,613 | $ | (1,914 | ) | $ | (1,787 | ) | |||||||||||||
| Add: | ||||||||||||||||||||||||||||||||||
| Interest expense | 107 | 65 | 224 | 238 | 165 | 74 | 325 | 297 | ||||||||||||||||||||||||||
| Interest factor portion of rentals | 113 | 53 | 167 | 229 | 169 | 56 | 246 | 291 | ||||||||||||||||||||||||||
| 220 | 118 | 391 | 467 | 334 | 130 | 571 | 588 | |||||||||||||||||||||||||||
| Earnings (Losses) before income taxes and fixed charges | $ | 468 | $ | (2 | ) | $ | 669 | $ | (118 | ) | $ | 180 | $ | 1,743 | $ | (1,343 | ) | $ | (1,199 | ) | ||||||||||||||
| Computation of fixed charges: | ||||||||||||||||||||||||||||||||||
| Interest expense | $ | 107 | $ | 65 | $ | 224 | $ | 238 | $ | 165 | $ | 74 | $ | 325 | $ | 297 | ||||||||||||||||||
| Interest factor portion of rentals | 113 | 53 | 167 | 229 | 169 | 56 | 246 | 291 | ||||||||||||||||||||||||||
| Capitalized Interest | 1 | 1 | 1 | 5 | — | — | 3 | 10 | ||||||||||||||||||||||||||
| Fixed Charges | $ | 221 | $ | 119 | $ | 392 | $ | 472 | $ | 334 | $ | 130 | $ | 574 | $ | 598 | ||||||||||||||||||
| Ratio of earnings to fixed charges | 2.12 | N/A | 1.71 | N/A | N/A | 13.41 | N/A | N/A | ||||||||||||||||||||||||||
| Earnings insufficient to cover fixed charges | N/A | $ | 121 | N/A | $ | 590 | $ | 154 | N/A | $ | 1,917 | $ | 1,797 | |||||||||||||||||||||
| (a) | In connection with emergence from the first bankruptcy in March 2003 and the second bankruptcy in September 2005, US Airways adopted fresh-start reporting in accordance with AICPA Statement of Position 90-7, “Financial Reporting by Entities in Reorganization Under the Bankruptcy Code.” As a result of the application of fresh-start reporting, the financial statements for the periods prior to March 31, 2003 are not comparable with the financial statements for the period April 1, 2003 to September 27, 2005, nor are any of such periods comparable to periods after September 27, 2005. References to “Successor Company” refer to US Airways following the application of fresh-start reporting upon emergence from the second bankruptcy, and references to “Predecessor Company” refer to US Airways prior to the application of fresh-start reporting upon emergence from the second bankruptcy. |