Exhibit 12.1

JETBLUE AIRWAYS CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions, except ratios)

	Year Ended December 31,
	2011			2010			2009			2008			2007
Earnings:
Income (loss) before income taxes	$	145		$	161		$	104		$	(89	)	$	31
Less: capitalized interest		(5	)		(4	)		(7	)		(48	)		(43	)
Add: Fixed charges		273			272			298			357			343
Amortization of capitalized interest		2			2			2			2			1
Total earnings	$	415		$	431		$	397		$	222		$	332
Fixed charges:
Interest expense	$	171		$	172		$	189		$	228		$	230
Amortization of debt costs		8			8			9			17			6
Rent expense representative of interest		94			92			100			112			107
Total fixed charges	$	273		$	272		$	298		$	357		$	343
Ratio of earnings to fixed charges (1)		1.52			1.59			1.33			—			—

(1) Earnings were inadequate to cover fixed charges by $135 million and $11 million for the years ended December 31, 2008 and 2007, respectively.