EX-12.1 3 exhibit121ratioofearningst.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 Ratio of Earnings to Fixed Charges Q1 13


Exhibit 12.1
JETBLUE AIRWAYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
 
 
 
Three Months Ended March 31,
 
 
2013
 
2012
Earnings:
 
 
 
 
  Income before income taxes
 
$
23

 
$
49

  Less: Capitalized interest
 
(3
)
 
(2
)
  Add:
 
 
 
 
    Fixed charges
 
64

 
69

    Amortization of capitalized interest
 
1

 
1

       Adjusted earnings
 
$
85

 
$
117

Fixed charges:
 
 
 
 
  Interest expense
 
$
39

 
$
43

  Amortization of debt costs
 
2

 
2

  Rent expense representative of interest
 
23

 
24

      Total fixed charges
 
$
64

 
$
69

Ratio of earnings to fixed charges
 
1.32

 
1.68