Exhibit 12.1

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

			Year Ended December 31,
			2006						2005						2004						2003						2002
Earnings:
Income (loss) before income taxes				$	9					$	(24	)				$	75					$	174					$	95
Less: capitalized interest					(27	)					(16	)					(9	)					(5	)					(5	)
Add:
Fixed charges					263						172						113						79						53
Amortization of capitalized interest					1						1						1						—						—
Adjusted earnings				$	246					$	133					$	180					$	248					$	143
Fixed charges:
Interest expense				$	169					$	104					$	52					$	28					$	20
Amortization of debt costs					4						3						1						1						1
Rent expense representative of interest					90						65						60						50						32
Total fixed charges				$	263					$	172					$	113					$	79					$	53
Ratio of earnings to fixed charges (1)					—						—						1.59						3.14						2.69

(1)	Earnings were inadequate to cover fixed charges by $17 million and $39 million for the years ended December 31, 2006 and 2005, respectively.