Exhibit 12.1

United Continental Holdings, Inc. and Subsidiary Companies

Computation of Ratio of Earnings to Fixed Charges

	Nine Months Ended September 30,
(In millions)	2010			2009
Earnings (loss):
Earnings (loss) before income taxes & adjustments for minority interest and equity earnings in affiliates	$	576		$	(459	)
Add (deduct):
Fixed charges, from below		713			667
Amortization of capitalized interest		3			2
Distributed earnings of affiliates		2			2
Minority interest		(2	)		(1	)
Interest capitalized		(7	)		(8	)
Earnings as adjusted	$	1,285		$	203
Fixed charges:
Interest expensed and capitalized and amortization of debt discounts and issuance costs (a)	$	520		$	415
Portion of rental expense representative of the interest factor		193			252
Fixed charges, as above	$	713		$	667
Ratio of earnings to fixed charges		1.80			(b	)

(a) Amortization of debt discounts includes amortization of fresh-start valuation discounts.

(b) Earnings were inadequate to cover fixed charges by $464 million for the nine months ended September 30, 2009.