EX-12.1 2 jblu20130930ex121ratioofea.htm EXHIBIT JBLU 2013.09.30 EX 12.1 Ratio of Earnings to Fixed Charges


Exhibit 12.1
JETBLUE AIRWAYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2013
 
2012
 
2013
 
2012
Earnings:
 
 
 
 
 
 
 
 
  Income before income taxes
 
$
119

 
$
73

 
$
202

 
$
208

  Less: Capitalized interest
 
(4
)
 
(2
)
 
(11
)
 
(6
)
  Add:
 
 
 
 
 
 
 
 
    Fixed charges
 
66

 
69

 
198

 
208

    Amortization of capitalized interest
 
1

 
1

 
3

 
2

       Adjusted earnings
 
$
182

 
$
141

 
$
392

 
$
412

Fixed charges:
 
 
 
 
 
 
 
 
  Interest expense
 
$
38

 
$
42

 
$
117

 
$
126

  Amortization of debt costs
 
2

 
2

 
6

 
7

  Rent expense representative of interest
 
26

 
25

 
75

 
75

      Total fixed charges
 
$
66

 
$
69

 
$
198

 
$
208

Ratio of earnings to fixed charges
 
2.75

 
2.03

 
1.98

 
1.97