Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - JETBLUE AIRWAYS CORP | y02454e10vq.htm |
| EX-31.2 - EX-31.2 - JETBLUE AIRWAYS CORP | y02454exv31w2.htm |
| EX-31.1 - EX-31.1 - JETBLUE AIRWAYS CORP | y02454exv31w1.htm |
| EX-10.1(V) - EX-10.1(V) - JETBLUE AIRWAYS CORP | y02454exv10w1xvy.htm |
| EX-32 - EX-32 - JETBLUE AIRWAYS CORP | y02454exv32.htm |
Exhibit 12.1
JETBLUE AIRWAYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
| Three Months Ended | Nine Months Ended | |||||||||||||||
| September 30, | September 30, | |||||||||||||||
| 2009 | 2008 | 2009 | 2008 | |||||||||||||
Earnings: |
||||||||||||||||
Income (loss) before income taxes |
$ | 23 | $ | (10 | ) | $ | 79 | $ | (39 | ) | ||||||
Less: capitalized interest |
(2 | ) | (15 | ) | (6 | ) | (43 | ) | ||||||||
Add: |
||||||||||||||||
Fixed charges |
78 | 96 | 230 | 268 | ||||||||||||
Amortization of capitalized interest |
— | — | 1 | 1 | ||||||||||||
Adjusted earnings |
$ | 99 | $ | 71 | $ | 304 | $ | 187 | ||||||||
Fixed charges: |
||||||||||||||||
Interest expense |
$ | 48 | $ | 60 | $ | 142 | $ | 172 | ||||||||
Amortization of debt costs |
2 | 7 | 6 | 10 | ||||||||||||
Rent expense representative of interest |
28 | 29 | 82 | 86 | ||||||||||||
Total fixed charges |
$ | 78 | $ | 96 | $ | 230 | $ | 268 | ||||||||
Ratio of earnings to fixed charges (1) |
1.28 | — | 1.33 | — | ||||||||||||
| (1) | Earnings were inadequate to cover fixed charges by $25 and $81 million for the three and nine months ended September 30, 2008, respectively. |