Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - JETBLUE AIRWAYS CORP | Financial_Report.xls |
| 10-Q - 10-Q - JETBLUE AIRWAYS CORP | jblu2014063010qdocument.htm |
| EX-32 - EXHIBIT - JETBLUE AIRWAYS CORP | jblu20140630ex32.htm |
| EX-10.2 - EXHIBIT - JETBLUE AIRWAYS CORP | jblu20140630ex102.htm |
| EX-31.1 - EXHIBIT - JETBLUE AIRWAYS CORP | jblu20140630ex311.htm |
| EX-31.2 - EXHIBIT - JETBLUE AIRWAYS CORP | jblu20140630ex312.htm |
Exhibit 12.1
JETBLUE AIRWAYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Earnings: | ||||||||||||||||
Income before income taxes | $ | 345 | $ | 60 | $ | 351 | $ | 83 | ||||||||
Less: Capitalized interest | (4 | ) | (4 | ) | (7 | ) | (7 | ) | ||||||||
Add: | ||||||||||||||||
Fixed charges | 63 | 68 | 124 | 132 | ||||||||||||
Amortization of capitalized interest | 1 | 1 | 2 | 2 | ||||||||||||
Adjusted earnings | $ | 405 | $ | 125 | $ | 470 | $ | 210 | ||||||||
Fixed charges: | ||||||||||||||||
Interest expense | $ | 37 | $ | 40 | $ | 73 | $ | 79 | ||||||||
Amortization of debt costs | 2 | 2 | 3 | 4 | ||||||||||||
Rent expense representative of interest | 24 | 26 | 48 | 49 | ||||||||||||
Total fixed charges | $ | 63 | $ | 68 | $ | 124 | $ | 132 | ||||||||
Ratio of earnings to fixed charges | 6.43 | 1.85 | 3.79 | 1.59 | ||||||||||||