EX-12.1 7 q22015exhibit121.htm EXHIBIT 12.1 Q2 2015 Exhibit 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,
 
 
2015
 
2014
 
2015
 
2014
Earnings:
 
 
 
 
 
 
 
 
  Income before income taxes
 
$
250

 
$
345

 
$
472

 
$
351

  Less: Capitalized interest
 
(2
)
 
(4
)
 
(4
)
 
(7
)
  Add:
 
 
 
 
 
 
 
 
    Fixed charges
 
57

 
63

 
114

 
124

    Amortization of capitalized interest
 
1

 
1

 
2

 
2

       Adjusted earnings
 
$
306

 
$
405

 
$
584

 
$
470

Fixed charges:
 
 
 
 
 
 
 
 
  Interest expense
 
$
31

 
$
37

 
$
64

 
$
73

  Amortization of debt costs
 
1

 
2

 
2

 
3

  Rent expense representative of interest
 
25

 
24

 
48

 
48

      Total fixed charges
 
$
57

 
$
63

 
$
114

 
$
124

Ratio of earnings to fixed charges
 
5.37

 
6.43

 
5.12

 
3.79