Attached files
| file | filename |
|---|---|
| 10-K - 10-K - JETBLUE AIRWAYS CORP | a201710-k.htm |
| EX-32 - EXHIBIT 32 - JETBLUE AIRWAYS CORP | exhibit32certification2017.htm |
| EX-31.2 - EXHIBIT 31.2 - JETBLUE AIRWAYS CORP | exhibit312certification2017.htm |
| EX-31.1 - EXHIBIT 31.1 - JETBLUE AIRWAYS CORP | exhibit311certification2017.htm |
| EX-23 - EXHIBIT 23 - JETBLUE AIRWAYS CORP | exhibit23consent2017.htm |
| EX-21.1 - EXHIBIT 21.1 - JETBLUE AIRWAYS CORP | exhibit211listofsubsidiari.htm |
| EX-10.33(I) - EXHIBIT 10.33(I) - JETBLUE AIRWAYS CORP | exhibit1033iamendmentno8to.htm |
Exhibit 12.1
JETBLUE AIRWAYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
Year Ended December 31, | ||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income before income taxes (a) | $ | 921 | $ | 1,216 | $ | 1,097 | $ | 623 | $ | 279 | ||||||||||
Less: Capitalized interest | (10 | ) | (8 | ) | (8 | ) | (14 | ) | (13 | ) | ||||||||||
Add: | ||||||||||||||||||||
Fixed charges | 175 | 201 | 232 | 237 | 255 | |||||||||||||||
Amortization of capitalized interest | 5 | 4 | 4 | 4 | 3 | |||||||||||||||
Adjusted earnings | $ | 1,091 | $ | 1,413 | $ | 1,325 | $ | 850 | $ | 524 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 90 | $ | 107 | $ | 123 | $ | 142 | $ | 154 | ||||||||||
Amortization of debt costs | 4 | 4 | 5 | 6 | 8 | |||||||||||||||
Rent expense representative of interest | 81 | 90 | 104 | 89 | 93 | |||||||||||||||
Total fixed charges | $ | 175 | $ | 201 | $ | 232 | $ | 237 | $ | 255 | ||||||||||
Ratio of earnings to fixed charges (a) | 6.23 | 7.03 | 5.71 | 3.59 | 2.05 | |||||||||||||||
(a) | Excluding the $241 million gain on the sale of LiveTV in 2014 would result in a ratio of earnings to fixed charges of 2.57. |