EXHIBIT 12.1

JETBLUE AIRWAYSCORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)

				Three Months Ended September 30								Nine Months Ended September 30
				2005				2004				2005				2004
Earnings:
Income before income taxes				$	(3,697	)		$	13,298			$	31,326			$	75,473
Less: Capitalized interest					(3,855	)			(2,477	)			(11,524	)			(5,863	)
Add:
Fixed charges					43,984				29,505				120,801				81,184
Amortization of capitalized interest					211				152				585				428
Adjusted earnings				$	36,643			$	40,478			$	141,188			$	151,222
Fixed charges:
Interest expense				$	27,639			$	13,748			$	72,441			$	35,404
Amortization of debt costs					722				424				1,945				1,108
Rent expense representative of interest					15,623				15,333				46,415				44,672
Total fixed charges				$	43,984			$	29,505			$	120,801			$	81,184
Ratio of earnings to fixed charges					0.83				1.37				1.17				1.86