Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - JETBLUE AIRWAYS CORP | q3201810-q201810xq.htm |
| EX-32 - EXHIBIT 32 - JETBLUE AIRWAYS CORP | q32018exhibit32.htm |
| EX-31.2 - EXHIBIT 31.2 - JETBLUE AIRWAYS CORP | q32018exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - JETBLUE AIRWAYS CORP | q32018exhibit311.htm |
| EX-10.1 - EXHIBIT 10.1 - JETBLUE AIRWAYS CORP | q32018exhibit101.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, | ||||||||||||||
2018 | 2017 | 2018 | 2017 | ||||||||||||
Earnings: | |||||||||||||||
(Loss) income before income taxes | $ | 68 | $ | 297 | $ | 18 | $ | 743 | |||||||
Less: Capitalized interest | (2 | ) | (3 | ) | (7 | ) | (7 | ) | |||||||
Add: | |||||||||||||||
Fixed charges | 47 | 48 | 132 | 144 | |||||||||||
Amortization of capitalized interest | 1 | 1 | 4 | 4 | |||||||||||
Adjusted (loss) earnings(2) | $ | 114 | $ | 343 | $ | 147 | $ | 884 | |||||||
Fixed charges: | |||||||||||||||
Interest expense | $ | 22 | $ | 22 | $ | 64 | $ | 69 | |||||||
Amortization of debt costs | 1 | 1 | 3 | 3 | |||||||||||
Rent expense representative of interest | 24 | 25 | 65 | 72 | |||||||||||
Total fixed charges | $ | 47 | $ | 48 | $ | 132 | $ | 144 | |||||||
Ratio of (losses) earnings to fixed charges(1)(2) | 2.43 | 7.20 | 1.11 | 6.13 | |||||||||||
____________________________
(1) All ratios shown in the above table have been calculated using unrounded numbers.
(2) Prior period results recasted to reflect the adoption of ASC 606 Revenue from Contracts with Customers.