Exhibit 12
Hawaiian Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
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| Three Months Ended September 30, |
| Nine Months Ended September 30, |
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| 2012 |
| 2011 |
| 2012 |
| 2011 |
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| (in thousands, except for ratio) |
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Earnings |
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Income (loss) before income taxes |
| $ | 73,803 |
| $ | 47,326 |
| $ | 91,971 |
| $ | (33,761 | ) |
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Additions: |
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Total fixed charges (see below) |
| 23,709 |
| 20,741 |
| 65,512 |
| 58,828 |
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Subtractions: |
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Interest capitalized |
| 2,579 |
| 2,647 |
| 7,328 |
| 5,807 |
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Earnings as adjusted |
| $ | 94,933 |
| $ | 65,420 |
| $ | 150,155 |
| $ | 19,260 |
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Fixed Charges: |
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Interest on indebtedness, expensed or capitalized |
| $ | 10,650 |
| $ | 6,683 |
| $ | 28,021 |
| $ | 13,411 |
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Amortization of debt expense |
| 1,325 |
| 1,054 |
| 3,724 |
| 2,409 |
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Portion of rental expense representative of the interest factor |
| 11,734 |
| 13,004 |
| 33,767 |
| 43,008 |
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Total fixed charges |
| $ | 23,709 |
| $ | 20,741 |
| $ | 65,512 |
| $ | 58,828 |
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Ratio of earnings to fixed charges |
| 4.00 |
| 3.15 |
| 2.29 |
| — |
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Coverage deficiency |
| $ | — |
| $ | — |
| $ | — |
| $ | 39,568 |
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