Exhibit 12.1

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

			Three Months Ended March 31,
			2008						2007
Earnings:
Loss before income taxes				$	(13	)				$	(45	)
Less: capitalized interest					(14	)					(8	)
Add:
Fixed charges					85						78
Amortization of capitalized interest					—						—
Adjusted earnings				$	58					$	25
Fixed charges:
Interest expense				$	55					$	51
Amortization of debt costs					1						1
Rent expense representative of interest					29						26
Total fixed charges				$	85					$	78
Ratio of earnings to fixed charges(1)					—						—

(1) Earnings were inadequate to cover fixed charges by $27 million and $53 million for the quarters ended March 31, 2008 and 2007, respectively.