Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - JETBLUE AIRWAYS CORP | Financial_Report.xls |
| EX-32 - EXHIBIT - JETBLUE AIRWAYS CORP | jblu20140930ex32.htm |
| EX-31.1 - EXHIBIT - JETBLUE AIRWAYS CORP | jblu20140930ex311.htm |
| EX-10.1 - EXHIBIT - JETBLUE AIRWAYS CORP | jblu20140930ex101psuagreem.htm |
| 10-Q - 10-Q - JETBLUE AIRWAYS CORP | jblu2014093010qdocument.htm |
| EX-31.1 - EXHIBIT - JETBLUE AIRWAYS CORP | jblu20140930ex312.htm |
Exhibit 12.1
JETBLUE AIRWAYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Earnings: | ||||||||||||||||
Income before income taxes | $ | 132 | $ | 119 | $ | 483 | $ | 202 | ||||||||
Less: Capitalized interest | (4 | ) | (4 | ) | (11 | ) | (11 | ) | ||||||||
Add: | ||||||||||||||||
Fixed charges | 63 | 66 | 187 | 198 | ||||||||||||
Amortization of capitalized interest | 1 | 1 | 3 | 3 | ||||||||||||
Adjusted earnings | $ | 192 | $ | 182 | $ | 662 | $ | 392 | ||||||||
Fixed charges: | ||||||||||||||||
Interest expense | $ | 35 | $ | 38 | $ | 108 | $ | 117 | ||||||||
Amortization of debt costs | 2 | 2 | 5 | 6 | ||||||||||||
Rent expense representative of interest | 26 | 26 | 74 | 75 | ||||||||||||
Total fixed charges | $ | 63 | $ | 66 | $ | 187 | $ | 198 | ||||||||
Ratio of earnings to fixed charges | 3.05 | 2.75 | 3.54 | 1.98 | ||||||||||||