Attached files
file | filename |
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10-Q - 10-Q - JETBLUE AIRWAYS CORP | q3201710-q.htm |
EX-32 - EXHIBIT 32 - JETBLUE AIRWAYS CORP | q32017exhibit32.htm |
EX-31.2 - EXHIBIT 31.2 - JETBLUE AIRWAYS CORP | q32017exhibit312.htm |
EX-31.1 - EXHIBIT 31.1 - JETBLUE AIRWAYS CORP | q32017exhibit311.htm |
EX-10.1 - EXHIBIT 10.1 - JETBLUE AIRWAYS CORP | q32017exhibit101.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, | ||||||||||||||
2017 | 2016 | 2017 | 2016 | ||||||||||||
Earnings: | |||||||||||||||
Income before income taxes | $ | 293 | $ | 330 | $ | 751 | $ | 942 | |||||||
Less: Capitalized interest | (3 | ) | (2 | ) | (8 | ) | (6 | ) | |||||||
Add: | |||||||||||||||
Fixed charges | 48 | 56 | 145 | 164 | |||||||||||
Amortization of capitalized interest | 2 | 1 | 4 | 3 | |||||||||||
Adjusted earnings | $ | 340 | $ | 385 | $ | 892 | $ | 1,103 | |||||||
Fixed charges: | |||||||||||||||
Interest expense | $ | 22 | $ | 27 | $ | 69 | $ | 82 | |||||||
Amortization of debt costs | 1 | 1 | 3 | 3 | |||||||||||
Rent expense representative of interest | 25 | 28 | 72 | 79 | |||||||||||
Total fixed charges | $ | 48 | $ | 56 | $ | 144 | $ | 164 | |||||||
Ratio of earnings to fixed charges(1) | 7.12 | 6.87 | 6.18 | 6.72 | |||||||||||
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(1) All ratios shown in the above table have been calculated using unrounded numbers.