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,
        
 
  
2005
    
2006
    
2007
    
2008
    
2009
    
2010
  
Income (loss) before taxes and cumulative effect of change in accounting principle
  
$
15,007
  
  
$
24,307
  
  
$
83,948
  
  
$
(300,750
)
  
$
135,339
  
  
$
59,844
  
Add: Total fixed charges (per below)
  
  
171,483
  
    
213,146
  
    
242,893
  
    
242,071
  
    
233,717
  
    
223,279
  
Less: Interest capitalized during the period
  
  
(16,107
)
    
(18,651
)
    
(13,710
)
    
(7,707
)
    
(1,692
) 
    
(2,055
) 
 
  
                                              
Earnings
  
$
170,383
  
  
$
218,802
  
  
$
313,131
  
  
$
(66,386
)
  
$
367,364
  
  
$
281,068
  
 
  
                                              
Interest (including amortization of debt discount)
  
$
35,518
  
  
$
56,352
  
  
$
81,904
  
  
$
85,479
  
  
$
83,967
  
  
$
80,825
  
Interest portion of rent expense
  
  
135,965
  
    
156,794
  
    
160,989
  
    
156,592
  
    
149,750
  
    
142,454
  
 
  
                                              
Fixed charges
  
$
171,483
  
  
$
213,146
  
  
$
242,893
  
  
$
242,071
  
  
$
233,717
  
  
$
223,279
  
 
  
                                              
Ratio of earnings to fixed charges
  
  
1.0
  
    
1.0
  
    
1.3
  
      
*
    
1.6
  
    
1.3
  
 
(*)
For the year ended December 31, 2008, our earnings were insufficient to cover our fixed charges by $308.5 million.