EX-12.1 6 y03434exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
JETBLUE AIRWAYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
                 
    Three Months Ended  
    March 31,  
    2010     2009  
Earnings:
                
Income (loss) before income taxes
   $ (2 )   $ 20  
Less: capitalized interest
     (1 )     (2 )
Add: fixed charges
     72       76  
Amortization of capitalized interest
     —       —  
 
            
Adjusted earnings
   $ 69     $ 94  
 
            
 
                
Fixed charges:
                
Interest expense
   $ 45     $ 47  
Amortization of debt costs
     2       2  
Rent expense representative of interest
     25       27  
 
            
Total fixed charges
   $ 72     $ 76  
 
            
Ratio of earnings to fixed charges (1)
     —       1.24  
 
            
 
(1)   Earnings were inadequate to cover fixed charges by $3 million for the three months ended March 31, 2010.