Exhibit 12.1
US AIRWAYS GROUP, 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)
Six-Months Ended | ||||||||||||||||||||||||
June 30, | Years ended December 31, | |||||||||||||||||||||||
2006 | 2005 | 2004 | 2003 | 2002 | 2001 | |||||||||||||||||||
Income (Loss) before income taxes and cumulative effect of change in accounting principle | $ | 375 | $ | (335 | ) | $ | (89 | ) | $ | 57 | $ | (215 | ) | $ | (324 | ) | ||||||||
Add: | ||||||||||||||||||||||||
Interest expense | 147 | 147 | 80 | 80 | 72 | 27 | ||||||||||||||||||
Interest factor portion of rentals | 207 | 203 | 140 | 136 | 136 | 152 | ||||||||||||||||||
354 | 350 | 220 | 216 | 208 | 179 | |||||||||||||||||||
Earnings (Losses) before income taxes and fixed charges | $ | 729 | $ | 15 | $ | 131 | $ | 273 | $ | (7 | ) | $ | (145 | ) | ||||||||||
Computation of fixed charges: | ||||||||||||||||||||||||
Interest expense | $ | 147 | $ | 147 | $ | 80 | $ | 80 | $ | 72 | $ | 27 | ||||||||||||
Interest factor portion of rentals | 207 | 203 | 140 | 136 | 136 | 152 | ||||||||||||||||||
Capitalized Interest | 1 | 3 | 2 | 2 | 3 | 13 | ||||||||||||||||||
Fixed Charges | $ | 355 | $ | 353 | $ | 222 | $ | 218 | $ | 211 | $ | 192 | ||||||||||||
Ratio of earnings to fixed charges | 2.05 | N/A | N/A | 1.26 | N/A | N/A | ||||||||||||||||||
Earnings insufficient to cover fixed charges | N/A | $ | 338 | $ | 91 | N/A | $ | 218 | $ | 337 |