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,
			2007						2006						2007						2006
Earnings:
Income (loss) before income taxes				$	43					$	25					$	(2	)				$	(22	)
Less: capitalized interest					(11	)					(7	)					(19	)					(12	)
Add: fixed charges					83						64						161						121
Adjusted earnings				$	115					$	82					$	140					$	87
Fixed charges:
Interest expense				$	54					$	42					$	105					$	78
Amortization of debt costs					2						—						3						1
Rent expense representative of interest					27						22						53						42
Total fixed charges				$	83					$	64					$	161					$	121
Ratio of earnings to fixed charges(1)					1.40						1.29						—						—

(1) Earnings were inadequate to cover fixed charges by $21 million and $34 million for the six months ended June 30, 2007 and 2006, respectively.