Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - JETBLUE AIRWAYS CORP | y04767e10vq.htm |
| EX-32 - EX-32 - JETBLUE AIRWAYS CORP | y04767exv32.htm |
| EX-31.1 - EX-31.1 - JETBLUE AIRWAYS CORP | y04767exv31w1.htm |
| EX-31.2 - EX-31.2 - JETBLUE AIRWAYS CORP | y04767exv31w2.htm |
| EX-10.3 - EX-10.3 - JETBLUE AIRWAYS CORP | y04767exv10w3.htm |
| EXCEL - IDEA: XBRL DOCUMENT - JETBLUE AIRWAYS CORP | Financial_Report.xls |
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 March 31, | ||||||||
| 2011 | 2010 | |||||||
Earnings: |
||||||||
Income (loss) before income taxes |
$ | 6 | $ | (1 | ) | |||
Less: capitalized interest |
(1 | ) | (1 | ) | ||||
Add: fixed charges |
68 | 72 | ||||||
Amortization of capitalized interest |
— | — | ||||||
Adjusted earnings |
$ | 73 | $ | 70 | ||||
Fixed charges: |
||||||||
Interest expense |
$ | 42 | $ | 45 | ||||
Amortization of debt costs |
2 | 2 | ||||||
Rent expense representative of interest |
24 | 25 | ||||||
Total fixed charges |
$ | 68 | $ | 72 | ||||
Ratio of earnings to fixed charges (1) |
1.07 | — | ||||||
| (1) | Earnings were inadequate to cover fixed charges by $2 million for the three months ended March 31, 2010. |