EX-12.1 3 q22016exhibit121.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 June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Earnings:
 
 
 
 
 
 
 
Income before income taxes
$
289

 
$
250

 
$
612

 
$
472

Less: Capitalized interest
(2
)
 
(2
)
 
(4
)
 
(4
)
Add:
 
 
 
 
 
 
 
Fixed charges
54

 
57

 
108

 
114

Amortization of capitalized interest
1

 
1

 
2

 
2

Adjusted earnings
$
342

 
$
306

 
$
718

 
$
584

Fixed charges:
 
 
 
 
 
 
 
Interest expense
$
27

 
$
31

 
$
55

 
$
64

Amortization of debt costs
1

 
1

 
2

 
2

Rent expense representative of interest
27

 
25

 
51

 
48

Total fixed charges
$
55

 
$
57

 
$
108

 
$
114

Ratio of earnings to fixed charges(1)
6.27

 
5.37

 
6.65

 
5.12

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