Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - JETBLUE AIRWAYS CORP | Financial_Report.xls |
| EX-32 - EXHIBIT 32 - JETBLUE AIRWAYS CORP | q12015exhibit32.htm |
| EX-31.1 - EXHIBIT 31.1 - JETBLUE AIRWAYS CORP | q12015exhibit311.htm |
| EX-31.2 - EXHIBIT 31.2 - JETBLUE AIRWAYS CORP | q12015exhibit312.htm |
| 10-Q - 10-Q - JETBLUE AIRWAYS CORP | q1201510-qdocument.htm |
Exhibit 12.1
JETBLUE AIRWAYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
Three Months Ended March 31, | ||||||||
2015 | 2014 | |||||||
Earnings: | ||||||||
Income before income taxes | $ | 222 | $ | 6 | ||||
Less: Capitalized interest | (2 | ) | (3 | ) | ||||
Add: | ||||||||
Fixed charges | 57 | 61 | ||||||
Amortization of capitalized interest | 1 | 1 | ||||||
Adjusted earnings | $ | 278 | $ | 65 | ||||
Fixed charges: | ||||||||
Interest expense | $ | 33 | $ | 36 | ||||
Amortization of debt costs | 1 | 2 | ||||||
Rent expense representative of interest | 23 | 23 | ||||||
Total fixed charges | $ | 57 | $ | 61 | ||||
Ratio of earnings to fixed charges | 4.88 | 1.07 | ||||||