**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** |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------|---------|------------------------------------------------------------------------------------|-----------------|
|                                                                                                                                                                      |   | **Six Months****Ended****June                        30,** |    | **Period from****February 1****to                        June 30,** |            |   | **Period from****January 1****to                        January 31,** |
| **(In millions)**                                                                                                                                                    |   |                                                            |    | **2007**                                                                           |            | **2006** |   |   | **2006** |
| Earnings                        (losses):                                                                                                                                 |   |                                                            |    |                                                                               |            |   |   |   |   |   |   |   |   |
| Earnings                        (loss) before income taxes & adjustments for minority interest                        and equity earnings/(losses) in affiliates |   | $                                                               | 229     |                                                                               |            | $ | (100 | ) |   |   | $ | 22,846 |   |
| Add                        (deduct):                                                                                                                                      |   |                                                            |    |                                                                               |            |   |   |   |   |   |   |   |   |
| Fixed                        charges, from below                                                                                                                          |   |                                                            | 469     |                                                                               |            |   | 494 |   |   |   |   | 63 |   |
| Distributed                        earnings of affiliates                                                                                                                 |   |                                                            | — |                                                                               |            |   | 3 |   |   |   |   | — |   |
| Amortization                        of capitalized interest                                                                                                               |   |                                                            | — |                                                                               |            |   | — |   |   |   |   | 1 |   |
| Interest                        capitalized                                                                                                                               |   |                                                            | (9      | )                                                                                  |            |   | (7 | ) |   |   |   | — |   |
| Minority                        interest                                                                                                                                  |   |                                                            | (1      | )                                                                                  |            |   | — |   |   |   |   | — |   |
| Earnings                        (loss) as adjusted                                                                                                                        |   | $                                                               | 688     |                                                                               |            | $ | 390 |   |   |   | $ | 22,910 |   |
| Fixed                        charges:                                                                                                                                     |   |                                                            |    |                                                                               |            |   |   |   |   |   |   |   |   |
| Interest                        expensed and capitalized and amortization                                                                                                 |   |                                                            |    |                                                                               |            |   |   |   |   |   |   |   |   |
| of                        debt discounts and issuance costs (a)                                                                                                           |   | $                                                               | 345     |                                                                               |            | $ | 345 |   |   |   | $ | 41 |   |
| Portion                        of rental expense representative                                                                                                           |   |                                                            |    |                                                                               |            |   |   |   |   |   |   |   |   |
| of                        the interest factor                                                                                                                             |   |                                                            | 124     |                                                                               |            |   | 149 |   |   |   |   | 22 |   |
| Fixed                        charges, as above                                                                                                                            |   |                                                            | 469     |                                                                               |            |   | 494 |   |   |   |   | 63 |   |
| Preferred                        stock dividend requirements (pre-tax) (b)                                                                                                |   |                                                            | 10      |                                                                               |            |   | 4 |   |   |   |   | 1 |   |
| Fixed                        charges including preferred stock dividends                                                                                                  |   | $                                                               | 479     |                                                                               |            | $ | 498 |   |   |   | $ | 64 |   |
| Ratio                        of earnings to fixed charges                                                                                                                 |   |                                                            | 1.47    |                                                                               |            |   | (c) |   |   |   |   | 363.65 |   |
| Ratio                        of earnings to fixed charges and preferred dividend                        requirements                                                      |   |                                                            | 1.44    |                                                                               |            |   | (c) |   |   |   |   | 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 47%. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (c) | Earnings                  were inadequate to cover both fixed charges and fixed charges and                  preferred dividend requirements by $104 million and $108 million,                  respectively, for the period from February 1 to June 30,                  2006. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|