Exhibit 12.2

United Air Lines, Inc. and Subsidiary Companies

Computation of Ratio of Earnings to Fixed Charges

and Ratio of Earnings to Fixed Charges and Preferred Stock Dividend Requirements

(In millions, except ratios)	2012		2011		2010		2009		2008
Earnings (losses):
Earnings (loss) before income taxes & adjustments for minority interest	$	(1,178)	$	285	$	389	$	(643)	$	(5,375)
Add (deduct):
Fixed charges, from below		790		892		992		950		911
Amortization of capitalized interest		8		7		5		3		2
Distributed earnings of affiliates		—		1		2		2		2
Interest capitalized		(15)		(15)		(11)		(10)		(20)
Equity earnings in affiliates		(4)		(3)		(3)		(4)		(6)
Minority interest		(1)		(1)		(2)		(1)		(2)
Earnings (loss) as adjusted	$	(400)	$	1,166	$	1,372	$	297	$	(4,488)
Fixed charges:
Interest expensed and capitalized and amortization of premiums, debt discounts, issuance costs, and capital expenditures (a)	$	496	$	595	$	695	$	577	$	571
Portion of rental expense representative of the interest factor		294		297		297		373		340
Fixed charges, as above		790		892		992		950		911
Preferred stock dividend requirements (pre-tax) (b)		—		—		—		—		3
Fixed charges including preferred stock dividends	$	790	$	892	$	992	$	950	$	914
Ratio of earnings to fixed charges		(c)		1.31		1.38		(d)		(e)
Ratio of earnings to fixed charges and preferred stock dividends		N/A		N/A		N/A		N/A		(e)

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

(b) Dividends were adjusted using the effective tax rate for each applicable year.

(c) Earnings were inadequate to cover fixed charges by $1.2 billion in 2012.

(d) Earnings were inadequate to cover fixed charges by $653 million in 2009.

(e) Earnings were inadequate to cover both fixed charges and fixed charges and preferred stock and dividend requirements by $5.4 billion in 2008.

N/A Not applicable, as there were no preferred stock dividends in this period.