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Exhibit 12.1

JETBLUE AIRWAYS CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands)

				Three Months Ended September 30,						Nine Months Ended September 30,
				2003			2002			2003			2002
Earnings:
	Income before income taxes			$	49,417		$	20,488		$	144,920		$	67,812
	Less: Capitalized Interest				(1,405	)		(1,415	)		(3,647	)		(4,147	)
	Add:
		Fixed charges			21,192			13,766			56,671			37,661
		Amortization of capitalized interest			119			82			344			196
			Adjusted earnings	$	69,323		$	32,921		$	198,288		$	101,522
Fixed charges:
	Interest expense			$	7,628		$	5,574		$	19,386		$	14,196
	Amortization of debt costs				229			164			688			454
	Rent expense representative of interest				13,335			8,028			36,597			23,011
			Total fixed charges	$	21,192		$	13,766		$	56,671		$	37,661
Ratio of earnings to fixed charges					3.27			2.39			3.50			2.70

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JETBLUE AIRWAYS CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands)