Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - JETBLUE AIRWAYS CORP | y02987e10vk.htm |
| EX-3.3 - EX-3.3 - JETBLUE AIRWAYS CORP | y02987exv3w3.htm |
| EX-31.2 - EX-31.2 - JETBLUE AIRWAYS CORP | y02987exv31w2.htm |
| EX-31.1 - EX-31.1 - JETBLUE AIRWAYS CORP | y02987exv31w1.htm |
| EX-21.1 - EX-21.1 - JETBLUE AIRWAYS CORP | y02987exv21w1.htm |
| EX-10.24.A - EX-10.31 - JETBLUE AIRWAYS CORP | y02987exv10w24wa.htm |
| EX-10.18.H - EX-10.18.H - JETBLUE AIRWAYS CORP | y02987exv10w18wh.htm |
| EX-10.17.G - EX-10.17.G - JETBLUE AIRWAYS CORP | y02987exv10w17wg.htm |
| EX-10.23.A - EX-10.23.A - JETBLUE AIRWAYS CORP | y02987exv10w23wa.htm |
| EX-23 - EX-23 - JETBLUE AIRWAYS CORP | y02987exv23.htm |
| EX-32 - EX-32 - JETBLUE AIRWAYS CORP | y02987exv32.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)
| Year Ended December 31, | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Earnings: |
||||||||||||||||||||
Income (loss) before income taxes |
$ | 99 | $ | (90 | ) | $ | 31 | $ | (1 | ) | $ | (31 | ) | |||||||
Less: capitalized interest |
(7 | ) | (48 | ) | (43 | ) | (27 | ) | (16 | ) | ||||||||||
Add: |
||||||||||||||||||||
Fixed charges |
297 | 354 | 342 | 273 | 179 | |||||||||||||||
Amortization of capitalized interest |
2 | 2 | 1 | 1 | 1 | |||||||||||||||
Total earnings |
$ | 391 | $ | 218 | $ | 331 | $ | 246 | $ | 133 | ||||||||||
Fixed charges: |
||||||||||||||||||||
Interest expense |
$ | 190 | $ | 228 | $ | 230 | $ | 178 | $ | 111 | ||||||||||
Amortization of debt costs |
7 | 14 | 5 | 5 | 3 | |||||||||||||||
Rent expense representative of interest |
100 | 112 | 107 | 90 | 65 | |||||||||||||||
Total fixed charges |
$ | 297 | $ | 354 | $ | 342 | $ | 273 | $ | 179 | ||||||||||
Ratio of earnings to fixed charges (1) |
1.32 | — | — | — | — | |||||||||||||||
| (1) | Earnings were inadequate to cover fixed charges by $136 million, $11 million, $27 million, and $46 million for the years ended December 31, 2008, 2007, 2006 and 2005, respectively. |