Attached files
| file | filename |
|---|---|
| EX-10.4 - EXHIBIT 10.4 - JETBLUE AIRWAYS CORP | q32016exhibit104.htm |
| EX-32 - EXHIBIT 32 - JETBLUE AIRWAYS CORP | q32016exhibit32.htm |
| EX-31.2 - EXHIBIT 31.2 - JETBLUE AIRWAYS CORP | q32016exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - JETBLUE AIRWAYS CORP | q32016exhibit311.htm |
| EX-10.3 - EXHIBIT 10.3 - JETBLUE AIRWAYS CORP | q32016exhibit103.htm |
| EX-10.2 - EXHIBIT 10.2 - JETBLUE AIRWAYS CORP | q32016exhibit102.htm |
| EX-10.1 - EXHIBIT 10.1 - JETBLUE AIRWAYS CORP | q32016exhibit101.htm |
| 10-Q - 10-Q - JETBLUE AIRWAYS CORP | q3201610-q.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, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Earnings: | |||||||||||||||
Income before income taxes | $ | 330 | $ | 322 | $ | 942 | $ | 794 | |||||||
Less: Capitalized interest | (2 | ) | (2 | ) | (6 | ) | (6 | ) | |||||||
Add: | |||||||||||||||
Fixed charges | 56 | 54 | 164 | 168 | |||||||||||
Amortization of capitalized interest | 1 | 1 | 3 | 3 | |||||||||||
Adjusted earnings | $ | 385 | $ | 375 | $ | 1,103 | $ | 959 | |||||||
Fixed charges: | |||||||||||||||
Interest expense | $ | 27 | $ | 30 | $ | 82 | $ | 94 | |||||||
Amortization of debt costs | 1 | 2 | 3 | 4 | |||||||||||
Rent expense representative of interest | 28 | 23 | 79 | 70 | |||||||||||
Total fixed charges | $ | 56 | $ | 55 | $ | 164 | $ | 168 | |||||||
Ratio of earnings to fixed charges(1) | 6.87 | 6.89 | 6.72 | 5.71 | |||||||||||
____________________________
(1) All ratios shown in the above table have been calculated using unrounded numbers.