EX-12.1 5 q12018exhibit121.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 March 31,
 
2018
 
2017
Earnings:
 
 
 
Income before income taxes(2)
$
110

 
$
121

Less: Capitalized interest
(2
)
 
(2
)
Add:
 
 
 
Fixed charges
42

 
48

Amortization of capitalized interest
1

 
1

Adjusted earnings(2)
$
151

 
$
168

Fixed charges:
 
 
 
Interest expense
$
21

 
$
24

Amortization of debt costs
1

 
1

Rent expense representative of interest
20

 
23

Total fixed charges
$
42

 
$
48

Ratio of earnings to fixed charges(1)(2)
3.63

 
3.50

 
 
 
 
____________________________
(1) All ratios shown in the above table have been calculated using unrounded numbers.
(2) Prior period results recasted to reflected the adoption of ASC 606 Revenue from Contracts with Customers.