EX-12.1 3 jblu20120630ex121.htm EXHIBIT 12.1 JBLU 2012 06.30 EX 12.1


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,


2012

2011

2012

2011
Earnings:








  Income before income taxes

$
86


$
43


$
135


$
49

  Less: Capitalized interest

(2
)

(1
)

(4
)

(2
)
  Add:








    Fixed charges

70


71


139


139

    Amortization of capitalized interest

—


1


1


1

       Adjusted earnings

$
154


$
114


$
271


$
187

Fixed charges:








  Interest expense

41


42


84


84

  Amortization of debt costs

3


2


5


4

  Rent expense representative of interest

26


27


50


51

      Total fixed charges

$
70


$
71


$
139


$
139

Ratio of earnings to fixed charges

2.21


1.60


1.95


1.34