**UAL      Corporation and Subsidiary Companies**

**Computation      of Ratio of Earnings to Fixed Charges**

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

|                                                                                                                                 |   | Successor                          |   |   | Predecessor                        |   |
|--------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------|--------|--------|------------------------------------|--------|
|                                                                                                                                 |   |  Nine                Months   |   |   |  Period                from   |   |   |  Period                from |   |
|                                                                                                                                 |   |  Ended                        |   |   |  February                1 to |   |   |  January                1 to |   |
| (In                millions)                                                                                                         |   |  September                30, |   |   |  September                30, |   |   | January                31, |   |
|                                                                                                                                 |   | 2007                               |   |   | 2006                               |   |   | 2006 |   |
| Earnings:                                                                                                                            |   |                               |   |   |                               |   |   |   |   |
| Earnings                before income taxes & adjustments for minority interest and equity                earnings in affiliates |   | $                                  | 794    |   |                               | $      | 145 |   |   | $ | 22,846 |   |
|                                                                                                                                 |   |                               |   |   |                               |   |   |   |   |   |   |   |
| Add                (deduct):                                                                                                         |   |                               |   |   |                               |   |   |   |   |   |   |   |
|   Fixed                charges, from below                                                                                 |   |                               | 683    |   |                               |   | 730 |   |   |   | 63 |   |
|   Distributed                earnings of affiliates                                                                        |   |                               | 2      |   |                               |   | 3 |   |   |   | - |   |
|   Amortization                of capitalized interest                                                                      |   |                               | -      |   |                               |   | - |   |   |   | 1 |   |
|   Interest                capitalized                                                                                      |   |                               | (14    | )      |                               |   | (10 | ) |   |   | - |   |
|   Minority                interest                                                                                         |   |                               | (2     | )      |                               |   | - |   |   |   | - |   |
|      Earnings                as adjusted                                                                    |   | $                                  | 1,463  |   |                               | $      | 868 |   |   | $ | 22,910 |   |
|                                                                                                                                 |   |                               |   |   |                               |   |   |   |   |   |   |   |
|                                                                                                                                 |   |                               |   |   |                               |   |   |   |   |   |   |   |
| Fixed                charges:                                                                                                        |   |                               |   |   |                               |   |   |   |   |   |   |   |
|   Interest                expensed and capitalized and amortization                                                        |   |                               |   |   |                               |   |   |   |   |   |   |   |
|      of                debt discounts and issuance costs (a)                                                |   | $                                  | 506    |   |                               | $      | 507 |   |   | $ | 41 |   |
|   Portion                of rental expense representative                                                                  |   |                               |   |   |                               |   |   |   |   |   |   |   |
|      of                the interest factor                                                                  |   |                               | 177    |   |                               |   | 223 |   |   |   | 22 |   |
|      Fixed                charges, as above                                                                 |   |                               | 683    |   |                               |   | 730 |   |   |   | 63 |   |
|                                                                                                                                 |   |                               |   |   |                               |   |   |   |   |   |   |   |
|   Preferred                stock dividend requirements (pre-tax) (b)                                                       |   |                               | 13     |   |                               |   | 11 |   |   |   | 1 |   |
|      Fixed                charges including preferred stock dividends                                  |   | $                                  | 696    |   |                               | $      | 741 |   |   | $ | 64 |   |
|                                                                                                                                 |   |                               |   |   |                               |   |   |   |   |   |   |   |
| Ratio                of earnings to fixed charges                                                                                    |   |                               | 2.14   |   |                               |   | 1.19 |   |   |   | 363.65 |   |
| Ratio                of earnings to fixed charges and preferred dividend                requirements                            |   |                               | 2.10   |   |                               |   | 1.17 |   |   |   | 357.97 |   |

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

| (b)   | Successor                Company 2007 dividends were adjusted using an estimated 2007 effective                tax                rate of approximately                43%. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|