Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - JETBLUE AIRWAYS CORP | q2201610-qdocument.htm |
| EX-32 - EXHIBIT 32 - JETBLUE AIRWAYS CORP | q22016exhibit32.htm |
| EX-31.2 - EXHIBIT 31.2 - JETBLUE AIRWAYS CORP | q22016exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - JETBLUE AIRWAYS CORP | q22016exhibit311.htm |
| EX-10.1 - EXHIBIT 10.1 - JETBLUE AIRWAYS CORP | q22016exhibit101.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, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Earnings: | |||||||||||||||
Income before income taxes | $ | 289 | $ | 250 | $ | 612 | $ | 472 | |||||||
Less: Capitalized interest | (2 | ) | (2 | ) | (4 | ) | (4 | ) | |||||||
Add: | |||||||||||||||
Fixed charges | 54 | 57 | 108 | 114 | |||||||||||
Amortization of capitalized interest | 1 | 1 | 2 | 2 | |||||||||||
Adjusted earnings | $ | 342 | $ | 306 | $ | 718 | $ | 584 | |||||||
Fixed charges: | |||||||||||||||
Interest expense | $ | 27 | $ | 31 | $ | 55 | $ | 64 | |||||||
Amortization of debt costs | 1 | 1 | 2 | 2 | |||||||||||
Rent expense representative of interest | 27 | 25 | 51 | 48 | |||||||||||
Total fixed charges | $ | 55 | $ | 57 | $ | 108 | $ | 114 | |||||||
Ratio of earnings to fixed charges(1) | 6.27 | 5.37 | 6.65 | 5.12 | |||||||||||
____________________________
(1) All ratios shown in the above table have been calculated using unrounded numbers.