EX-12.1 5 y01553exv12w1.htm EX-12.1 EX-12.1
Exhibit 12.1
JETBLUE AIRWAYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
                 
    Three Months Ended  
    March 31,  
    2009     2008  
Earnings:
                
Income (loss) before income taxes
   $ 20     $ (16 )
Less: capitalized interest
     (2 )     (14 )
Add: fixed charges
     76       88  
Amortization of capitalized interest
     —       —  
 
            
Adjusted earnings
   $ 94     $ 58  
 
            
 
                
Fixed charges:
                
Interest expense
   $ 47     $ 57  
Amortization of debt costs
     2       2  
Rent expense representative of interest
     27       29  
 
            
Total fixed charges
   $ 76     $ 88  
 
            
 
                
Ratio of earnings to fixed charges (1)
     1.24       —  
 
            
 
(1)   Earnings were inadequate to cover fixed charges by $30 million for the three months ended March 31, 2008.

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