EX-12.1 2 q22018exhibit121.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 June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Earnings:
 
 
 
 
 
 
 
(Loss) income before income taxes
$
(160
)
 
$
325

 
$
(50
)
 
$
447

Less: Capitalized interest
(2
)
 
(2
)
 
(5
)
 
(5
)
Add:
 
 
 
 
 
 
 
Fixed charges
43

 
48

 
85

 
96

Amortization of capitalized interest
1

 
1

 
3

 
3

Adjusted (loss) earnings(2)
$
(118
)
 
$
372

 
$
33

 
$
541

Fixed charges:
 
 
 
 
 
 
 
Interest expense
$
21

 
$
23

 
$
42

 
$
47

Amortization of debt costs
1

 
1

 
2

 
2

Rent expense representative of interest
21

 
24

 
41

 
47

Total fixed charges
$
43

 
$
48

 
$
85

 
$
96

Ratio of (losses) earnings to fixed charges(1)(2)
(2.73
)
 
7.71

 
0.39

 
5.61

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