Exhibit 12.1

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

			Three Months Ended March 31,
			2007						2006
Earnings:
Income (loss) before income taxes				$	(45	)				$	(47	)
Less: capitalized interest					(8	)					(5	)
Add: fixed charges					78						57
Adjusted earnings				$	25					$	5
Fixed charges:
Interest expense				$	51					$	36
Amortization of debt costs					1						1
Rent expense representative of interest					26						20
Total fixed charges				$	78					$	57
Ratio of earnings to fixed charges(1)					—						—

(1) Earnings were inadequate to cover fixed charges by $53 million and $52 million for the quarters ended March 31, 2007 and 2006, respectively.