EX-12.1 3 q32017exhibit121.htm EXHIBIT 12.1 Exhibit


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,
 
2017
 
2016
 
2017
 
2016
Earnings:
 
 
 
 
 
 
 
Income before income taxes
$
293

 
$
330

 
$
751

 
$
942

Less: Capitalized interest
(3
)
 
(2
)
 
(8
)
 
(6
)
Add:
 
 
 
 
 
 
 
Fixed charges
48

 
56

 
145

 
164

Amortization of capitalized interest
2

 
1

 
4

 
3

Adjusted earnings
$
340

 
$
385

 
$
892

 
$
1,103

Fixed charges:
 
 
 
 
 
 
 
Interest expense
$
22

 
$
27

 
$
69

 
$
82

Amortization of debt costs
1

 
1

 
3

 
3

Rent expense representative of interest
25

 
28

 
72

 
79

Total fixed charges
$
48

 
$
56

 
$
144

 
$
164

Ratio of earnings to fixed charges(1)
7.12

 
6.87

 
6.18

 
6.72

 
 
 
 
 
 
 
 
____________________________
(1) All ratios shown in the above table have been calculated using unrounded numbers.