JetBlue Airways (JBLU) 10-Q 2011 Q2 Quarterly report

Exhibit 12.1

JETBLUE AIRWAYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
Earnings:
Income (loss) before income taxes	$	43		$	52		$	49		$	51
Less: capitalized interest		(1	)		(1	)		(2	)		(2	)
Add: fixed charges		71			69			139			141
Amortization of capitalized interest		1			1			1			1
Adjusted earnings	$	114		$	121		$	187		$	191
Fixed charges:
Interest expense	$	42		$	41		$	84		$	86
Amortization of debt costs		2			2			4			4
Rent expense representative of interest		27			26			51			51
Total fixed charges	$	71		$	69		$	139		$	141
Ratio of earnings to fixed charges		1.60			1.75			1.34			1.36