Exhibit 12.1

JETBLUE AIRWAYS CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)

			Three Months Ended June 30,												Six Months Ended June 30,
			2006						2005						2006						2005
Earnings:
Income (loss) before income taxes				$	25					$	24					$	(22	)				$	35
Less: capitalized interest					(7	)					(4	)					(12	)					(8	)
Add: Fixed charges					64						41						121						78
Adjusted earnings				$	82					$	61					$	87					$	105
Fixed charges:
Interest expense				$	42					$	25					$	78					$	45
Amortization of debt costs					—						—						1						1
Rent expense representative of interest					22						16						42						32
Total fixed charges				$	64					$	41					$	121					$	78
Ratio of earnings to fixed charges(1)					1.29						1.50						—						1.36

(1)	Earnings were inadequate to cover fixed charges by $34 million for the six months ended June 30, 2006.