Exhibit 12.1

JETBLUE AIRWAYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)

				Year Ended December 31,
				2005				2004				2003				2002				2001
Earnings:
Income (loss) before income taxes				$	(24	)		$	75			$	174			$	95			$	42
Less: capitalized interest					(16	)			(9	)			(5	)			(5	)			(8	)
Add:
Fixed charges					172				113				79				53				39
Amortization of capitalized interest					1				1				—				—				—
Adjusted earnings				$	133			$	180			$	248			$	143			$	73
Fixed charges:
Interest expense				$	104			$	52			$	28			$	20			$	14
Amortization of debt costs					3				1				1				1				—
Rent expense representative of interest					65				60				50				32				25
Total fixed charges				$	172			$	113			$	79			$	53			$	39
Ratio of earnings to fixed charges(1)					—				1.59				3.14				2.69				1.86

(1)	Earnings were inadequate to cover fixed charges by $39 million for the year ended December 31, 2005.