EX-12.1 2 q12016exhibit121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
JETBLUE AIRWAYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
 
 
Three Months Ended March 31,
 
2016
 
2015
Earnings:
 
 
 
Income before income taxes
$
323

 
$
222

Less: Capitalized interest
(2
)
 
(2
)
Add:
 
 
 
Fixed charges
53

 
57

Amortization of capitalized interest
1

 
1

Adjusted earnings
$
375

 
$
278

Fixed charges:
 
 
 
Interest expense
$
28

 
$
33

Amortization of debt costs
1

 
1

Rent expense representative of interest
25

 
23

Total fixed charges
$
54

 
$
57

Ratio of earnings to fixed charges(1)
7.03

 
4.88

 
 
 
 
____________________________
(1) All ratios shown in the above table have been calculated using unrounded numbers.