Attached files
EXHIBIT
12.1
AIRTRAN
HOLDINGS, INC.
EXHIBIT
12.1 – STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (dollars
in thousands)
|
Year
Ended December 31,
|
||||||||||||||||||||||||
|
2004
|
2005
|
2006
|
2007
|
2008
|
2009
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|||||||||||||||||||
Income
(loss) before taxes and cumulative effect of change in accounting
principle
|
|
$
|
18,023
|
|
$
|
15,007
|
|
$
|
24,307
|
|
$
|
83,948
|
|
$
|
(300,750
|
)
|
$
|
135,339
|
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||||||
Add:
Total fixed charges (per below)
|
|
140,843
|
|
171,483
|
|
213,146
|
|
242,893
|
|
242,071
|
|
233,717
|
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||||||||||||
Less:
Interest capitalized during the period
|
|
(10,768
|
)
|
(16,107
|
)
|
(18,651
|
)
|
(13,710
|
)
|
(7,707
|
)
|
(1,692
|
)
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||||||||||||
Earnings
|
|
$
|
148,098
|
|
$
|
170,383
|
|
$
|
218,802
|
|
$
|
313,131
|
|
$
|
(66,386
|
)
|
$
|
367,364
|
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||||||
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|||||||||||||||||||||||||
Interest
(including amortization of debt discount)
|
|
$
|
28,425
|
|
$
|
35,518
|
|
$
|
56,352
|
|
$
|
81,904
|
|
$
|
85,479
|
|
$
|
83,967
|
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||||||
Interest
portion of rent expense
|
|
112,418
|
|
135,965
|
|
156,794
|
|
160,989
|
|
156,592
|
|
149,750
|
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||||||||||||
Fixed
charges
|
|
$
|
140,843
|
|
$
|
171,483
|
|
$
|
213,146
|
|
$
|
242,893
|
|
$
|
242,071
|
|
$
|
233,717
|
|
||||||
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|||||||||||||||||||||||||
Ratio
of earnings to fixed charges
|
|
1.1
|
|
1.0
|
|
1.0
|
|
1.3
|
|
*
|
1.6
|
|
( | *) |
For
the year ended December 31, 2008, our earnings were insufficient to
cover our fixed charges by $308.5
million.
|