AMERICA WEST AIRLINES, INC.
Computation of Ratio of Earnings to Fixed Charges
Years ended December 31,
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1993 1992 1991 1990
1989
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(in thousands except ratio of earnings
to fixed charges)
Computation of Earnings:
Income (loss) before income taxes and extraordinary item $ 37,924 $(131,761) $(222,016) $(76,695) $
20,040
Add:
Interest expense including amortization of debt expense 54,252 55,886 63,991 61,239
43,934
Interest portion of rent expense 81,795 102,314 106,414 77,537
58,759
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Income (loss), as adjusted $ 173,971 $ 26,439 $ (51,611) $ 62,081
$122,733
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Computation of Fixed Charges:
Interest expense including amortization of debt expense $ 54,252 $ 55,886 $ 63,991 $ 61,239 $
43,934
Interest portion of rent expense 81,795 102,314 106,414 77,537
58,759
Capitalized interest - - 6,664 6,375
7,250
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Fixed charges $ 136,047 $ 158,200 $ 177,069 $145,151
$109,943
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========
Ratio of earnings to fixed charges 1.28 (*) (*) (*)
1.12
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(*) 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. For the years ended
December 31,
1992, 1991, and 1990 earnings were insufficient to cover fixed charges by $131,761,000, $228,680,000,
and $83,070,000 respectively.