Exhibit 12
Hawaiian Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
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| Three Months Ended June 30, |
| Six Months Ended June 30, |
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| 2012 |
| 2011 |
| 2012 |
| 2011 |
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| (in thousands, except for ratio) |
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Earnings (Loss) |
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Income (loss) before income taxes |
| $ | 6,309 |
| $ | (82,573 | ) | $ | 18,168 |
| $ | (81,087 | ) |
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Additions: |
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Total fixed charges (see below) |
| 22,019 |
| 19,505 |
| 41,803 |
| 38,087 |
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Subtractions: |
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Interest capitalized |
| 2,176 |
| 1,944 |
| 4,749 |
| 3,160 |
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Earnings (Loss) as adjusted |
| $ | 26,152 |
| $ | (65,012 | ) | $ | 55,222 |
| $ | (46,160 | ) |
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Fixed Charges: |
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Interest on indebtedness, expensed or capitalized |
| $ | 9,470 |
| $ | 3,844 |
| $ | 17,371 |
| $ | 6,728 |
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Amortization of debt expense |
| 1,252 |
| 1,045 |
| 2,399 |
| 1,355 |
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Portion of rental expense representative of the interest factor |
| 11,297 |
| 14,616 |
| 22,033 |
| 30,004 |
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Total fixed charges |
| $ | 22,019 |
| $ | 19,505 |
| $ | 41,803 |
| $ | 38,087 |
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Ratio of earnings to fixed charges |
| 1.19 |
| — |
| 1.32 |
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Coverage deficiency |
| $ | — |
| $ | 84,517 |
| $ | — |
| $ | 84,247 |
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