Exhibit 12.1

FLYi, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except ratios)

Nine Months Ended

September 30,

20042005

Earnings:

Income (loss) before income taxes($148,836)       ($249,971)

Less: Capitalized interest                                                                                           (1,808)             (1,539)

Add:

Fixed charges 25,807                29,139

Amortization of capitalized interest       448        2,830

Adjusted earnings             ($124,389)($219,541)

Fixed charges:

Interest expense and capitalized interest     $12,288            $13,920

Amortization of deferred financing costs 851                                              741

Rent expense representative of interest      12,668    14,478

Total fixed charges$25,807 $29,139

Ratio of earnings to fixed charges(4.82)    (7.53)(1)

(1) Earnings were inadequate to cover fixed charges by $248.7 million for the nine months ended

September 30, 2005.