EX-12.1 2 ex12-1.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ex12-1.htm
EXHIBIT 12.1
 
AIRTRAN HOLDINGS, INC.
EXHIBIT 12.1 – STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (dollars in thousands)
 
   
  
                                                  Year Ended December 31,
        
   
  
2004
    
2005
    
2006
    
2007
    
2008
    
2009
  
Income (loss) before taxes and cumulative effect of change in accounting principle
  
  
$
18,023
  
  
$
15,007
  
  
$
24,307
  
  
$
83,948
  
  
$
(300,750
)
  
$
135,339
  
Add: Total fixed charges (per below)
  
  
  
140,843
  
    
171,483
  
    
213,146
  
    
242,893
  
    
242,071
  
    
233,717
  
Less: Interest capitalized during the period
  
  
  
(10,768
)
    
(16,107
)
    
(18,651
)
    
(13,710
)
    
(7,707
)
    
(1,692
) 
Earnings
  
  
$
148,098
  
  
$
170,383
  
  
$
218,802
  
  
$
313,131
  
  
$
(66,386
)
  
$
367,364
  
   
  
                                              
Interest (including amortization of debt discount)
  
  
$
28,425
  
  
$
35,518
  
  
$
56,352
  
  
$
81,904
  
  
$
85,479
  
  
$
83,967
  
Interest portion of rent expense
  
  
  
112,418
  
    
135,965
  
    
156,794
  
    
160,989
  
    
156,592
  
    
149,750
  
Fixed charges
  
  
$
140,843
  
  
$
171,483
  
  
$
213,146
  
  
$
242,893
  
  
$
242,071
  
  
$
233,717
  
   
  
                                              
Ratio of earnings to fixed charges
  
  
  
1.1
  
    
1.0
  
    
1.0
  
    
1.3
  
      
*
    
1.6
  
 
( *)
For the year ended December 31, 2008, our earnings were insufficient to cover our fixed charges by $308.5 million.