Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - JETBLUE AIRWAYS CORP | q12016exhibit32.htm |
| EX-31.2 - EXHIBIT 31.2 - JETBLUE AIRWAYS CORP | q12016exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - JETBLUE AIRWAYS CORP | q12016exhibit311.htm |
| 10-Q - 10-Q - JETBLUE AIRWAYS CORP | q1201610-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, | |||||||
2016 | 2015 | ||||||
Earnings: | |||||||
Income before income taxes | $ | 323 | $ | 222 | |||
Less: Capitalized interest | (2 | ) | (2 | ) | |||
Add: | |||||||
Fixed charges | 53 | 57 | |||||
Amortization of capitalized interest | 1 | 1 | |||||
Adjusted earnings | $ | 375 | $ | 278 | |||
Fixed charges: | |||||||
Interest expense | $ | 28 | $ | 33 | |||
Amortization of debt costs | 1 | 1 | |||||
Rent expense representative of interest | 25 | 23 | |||||
Total fixed charges | $ | 54 | $ | 57 | |||
Ratio of earnings to fixed charges(1) | 7.03 | 4.88 | |||||
____________________________
(1) All ratios shown in the above table have been calculated using unrounded numbers.