Exhibit 12.2

United Airlines, Inc. and Subsidiary Companies

Computation of Ratio of Earnings to Fixed Charges

(In millions, except ratios)	2014		2013		2012		2011		2010
Earnings (losses):
Earnings (loss) before income taxes	$	1,110	$	637	$	(657)	$	848	$	286
Add (deduct):
Fixed charges, from below		1,655		1,627		1,514		2,005		1,274
Amortization of capitalized interest		12		11		9		7		5
Distributed earnings of affiliates		1		—		—		1		2
Interest capitalized		(52)		(49)		(37)		(32)		(15)
Equity earnings in affiliates		(1)		(1)		(4)		(6)		(7)
Earnings as adjusted	$	2,725	$	2,225	$	825	$	2,823	$	1,545
Fixed charges:
Interest expensed and capitalized and amortization of premiums, debt discounts, issuance costs, and capital expenditures (a)	$	742	$	781	$	823	$	937	$	780
Portion of rent expense representative of the interest factor (b)		913		846		691		1,068		494
Fixed charges	$	1,655	$	1,627	$	1,514	$	2,005	$	1,274
Ratio of earnings to fixed charges		1.65		1.37		(c)		1.41		1.21

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

(b) Imputed interest applied to rent expense.

(c) Earnings were inadequate to cover fixed charges by $689 million in 2012.