America West Airlines POS AM Prospectus update (post-effective amendment)

EXHIBIT 12.2

AMERICA WEST AIRLINES, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(IN THOUSANDS EXCEPT RATIO OF EARNINGS TO FIXED CHARGES)

	Six Months Ended		Year Ended December 31,
	June 30, 2004		2003		2002			2001			2000		1999
Computation of earnings:
Income (loss) before income taxes and extraordinary item	$	8,503	$	61,400	$	(212,021	)	$	(320,314	)	$	30,718	$	212,329
Add:
Interest expense including amortization of debt expense		42,595		86,744		79,479			34,900			23,874		30,486
Interest portion of rent expense		69,634		135,592		136,455			152,422			142,391		121,928
Income (loss), as adjusted	$	120,732	$	283,736	$	3,913		$	(132,992	)	$	196,983	$	364,743
Computation of fixed charges:
Interest expense including amortization of debt expense	$	42,595	$	86,744	$	79,479		$	34,900		$	23,874	$	30,486
Interest portion of rent expense		69,634		135,592		136,455			152,422			142,391		121,928
Capitalized interest		920		1,562		2,958			12,509			9,026		6,100
Fixed charges	$	113,149	$	223,898	$	218,892		$	199,831		$	175,291	$	158,514
Ratio of earnings to fixed charges(1)(2)		1.07		1.27		—			—			1.12		2.30

⁽¹⁾ For the purpose of computing the ratio of earnings to fixed charges, “earnings” consist of income (loss) before income taxes and extraordinary item plus fixed charges less capitalized interest. “Fixed charges” consist of interest expense including amortization of debt expense, one-third of rent expense, which is deemed to be representative of an interest factor, and capitalized interest.

⁽²⁾ Earnings for the years ended December 31, 2002 and 2001 were inadequate to cover fixed charges by $215.0 and $332.8 million, respectively.