Exhibit 12.1

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

			Year Ended December 31,
			2007						2006						2005						2004						2003
Earnings:
Income (loss) before income taxes				$	41					$	9					$	(24	)				$	75					$	174
Less: capitalized interest					(43	)					(27	)					(16	)					(9	)					(5	)
Add:
Fixed charges					333						263						172						113						79
Amortization of capitalized interest					1						1						1						1						—
Adjusted earnings				$	332					$	246					$	133					$	180					$	248
Fixed charges:
Interest expense				$	221					$	169					$	104					$	52					$	28
Amortization of debt costs					5						4						3						1						1
Rent expense representative of interest					107						90						65						60						50
Total fixed charges				$	333					$	263					$	172					$	113					$	79
Ratio of earnings to fixed charges (1)					—						—						—						1.59						3.14

(1) Earnings were inadequate to cover fixed charges by $1 million, $17 million, and $39 million for the years ended December 31, 2007, 2006 and 2005, respectively.