Attached files
| file | filename |
|---|---|
| 10-K/A - FORM 10-K/A - JETBLUE AIRWAYS CORP | y04457e10vkza.htm |
| EX-23 - EX-23 - JETBLUE AIRWAYS CORP | y04457exv23.htm |
| EX-32 - EX-32 - JETBLUE AIRWAYS CORP | y04457exv32.htm |
| EX-31.1 - EX-31.1 - JETBLUE AIRWAYS CORP | y04457exv31w1.htm |
| EX-31.2 - EX-31.2 - JETBLUE AIRWAYS CORP | y04457exv31w2.htm |
| EX-21.1 - EX-21.1 - JETBLUE AIRWAYS CORP | y04457exv21w1.htm |
Exhibit 12.1
JETBLUE AIRWAYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
(As Restated)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
(As Restated)
| Year Ended December 31, | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Earnings: |
||||||||||||||||||||
Income (loss) before income taxes |
$ | 104 | $ | (89 | ) | $ | 31 | $ | (1 | ) | $ | (31 | ) | |||||||
Less: capitalized interest |
(7 | ) | (48 | ) | (43 | ) | (27 | ) | (16 | ) | ||||||||||
Add: Fixed charges |
298 | 357 | 343 | 274 | 179 | |||||||||||||||
Amortization of capitalized interest |
2 | 2 | 1 | 1 | 1 | |||||||||||||||
Total earnings |
$ | 397 | $ | 222 | $ | 332 | $ | 247 | $ | 133 | ||||||||||
Fixed charges: |
||||||||||||||||||||
Interest expense |
$ | 189 | $ | 228 | $ | 230 | $ | 178 | $ | 110 | ||||||||||
Amortization of debt costs |
9 | 17 | 6 | 6 | 4 | |||||||||||||||
Rent expense representative of interest |
100 | 112 | 107 | 90 | 65 | |||||||||||||||
Total fixed charges |
$ | 298 | $ | 357 | $ | 343 | $ | 274 | $ | 179 | ||||||||||
Ratio of earnings to fixed charges (1) |
1.33 | — | — | — | — | |||||||||||||||
| (1) | Earnings were inadequate to cover fixed charges by $135 million, $11 million, $27 million, and $46 million for the years ended December 31, 2008, 2007, 2006 and 2005, respectively. |