EX-12.1 17 p63677ex12-1.txt EX-12.1 1 EXHIBIT 12.1 AMERICA WEST AIRLINES, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS EXCEPT RATIO OF EARNINGS TO FIXED CHARGES)
SIX MONTHS ENDED JUNE 30, YEAR ENDED DECEMBER 31, ---------------------- ---------------------------------------------------------------- 2000 1999 1999 1998 1997 1996 1995 ---- ---- ---- ---- ---- ---- ---- Computation of Earnings: Income (loss) before income taxes and extraordinary item .............. $ 48,955 $ 73,895 $200,974 $184,557 $140,673 $ 34,493 $108,378 Add: Interest expense including amortization of debt expense ..... 11,741 16,394 30,486 34,924 39,620 49,678 59,418 Interest portion of rent expense ... 69,051 58,337 121,722 110,125 102,805 93,539 83,680 -------- -------- -------- -------- -------- -------- -------- Income (loss), as adjusted ............ $129,747 $148,626 $353,182 $329,606 $283,098 $177,710 $251,476 ======== ======== ======== ======== ======== ======== ======== Computation of Fixed Charges: Interest expense including amortization of debt expense ..................... $ 11,741 $ 16,394 $ 30,486 $ 34,924 $ 39,620 $ 49,678 $ 59,418 Interest portion of rent expense ...... 69,051 58,337 121,722 110,125 102,805 93,539 83,680 Capitalized interest .................. 3,775 3,004 6,100 4,852 553 -- 2,666 -------- -------- -------- -------- -------- -------- -------- Fixed charges ......................... $ 84,567 $ 77,735 $158,308 $149,901 $142,978 $143,217 $145,764 ======== ======== ======== ======== ======== ======== ======== Ratio of earnings to fixed charges .... 1.53 1.91 2.23 2.20 1.98 1.24 1.73
(*) For the purpose of computing the ratio of earnings to fixed charges, "earnings" consist of income (loss) before income taxes and extraordinary item plus fixed charges less capitalized interest. "Fixed charges" consist of interest expense including amortization of debt expense, one-third of rent expense, which is deemed to be representative of an interest factor, and capitalized interest.