Exhibit 12.1
JETBLUE AIRWAYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
|
| | | | | | | | |
| | | Three Months Ended March 31, |
| | | 2013 | | 2012 |
| Earnings: | | | | |
| Income before income taxes | | $ | 23 |
| | $ | 49 |
|
| Less: Capitalized interest | | (3 | ) | | (2 | ) |
| Add: | | | | |
| Fixed charges | | 64 |
| | 69 |
|
| Amortization of capitalized interest | | 1 |
| | 1 |
|
| Adjusted earnings | | $ | 85 |
| | $ | 117 |
|
| Fixed charges: | | | | |
| Interest expense | | $ | 39 |
| | $ | 43 |
|
| Amortization of debt costs | | 2 |
| | 2 |
|
| Rent expense representative of interest | | 23 |
| | 24 |
|
| Total fixed charges | | $ | 64 |
| | $ | 69 |
|
| Ratio of earnings to fixed charges | | 1.32 |
| | 1.68 |
|
