ALASKA AIRLINES INC - FORM 10-K - EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES - February 24, 2010

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EX-32.2 - 906 CFO CERTIFICATION - ALASKA AIRLINES INCex32-2.htm
EX-32.1 - 906 CEO CERTIFICATION - ALASKA AIRLINES INCex32-1.htm
EX-31.1 - 302 CEO CERTIFICATION - ALASKA AIRLINES INCex31-1.htm
EX-31.2 - 302 CFO CERTIFICATION - ALASKA AIRLINES INCex31-2.htm
10-K - ALASKA AIRLINES, INC. 2009 FORM 10-K - ALASKA AIRLINES INCform10-k.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - ALASKA AIRLINES INCex23-1.htm

EXHIBIT 12.1
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Alaska Airlines, Inc.
 
(in millions, except ratios)
  
2009
    
2008
    
2007
    
2006
    
2005
  
Earnings:
                              
Income (loss) before income tax expense (benefit) and accounting change
   $ 183.8     $ (153.3 )   $ 215.0     $ (94.7 )   $ 124.2  
Less: Capitalized interest
     (7.3 )     (20.2 )     (25.7 )     (21.5 )     (8.1 )
Add:
                                        
Interest on indebtedness
     88.1       92.5       86.2       71.5       50.2  
Amortization of debt expense
     3.6       2.3       1.9       1.8       1.0  
Amortization of capitalized interest
     6.7       6.0       5.4       4.8       4.7  
Portion of rent under long-term operating leases representative of an interest factor
     74.5       73.8       77.0       73.8       74.7  
                                         
Earnings Available for Fixed Charges
   $ 349.4     $ 1.1     $ 359.8     $ 35.7     $ 246.7  
                                         
Fixed Charges:
                                        
Interest
     88.1       92.5       86.2       71.5       50.2  
Amortization of debt expense
     3.6       2.3       1.9       1.8       1.0  
Amortization of capitalized interest
     6.7       6.0       5.4       4.8       4.7  
Portion of rent under long-term operating leases representative of an interest factor
     74.5       73.8       77.0       73.8       74.7  
                                         
Total Fixed Charges
   $ 172.9     $ 174.6     $ 170.5     $ 151.9     $ 130.6  
                                         
Ratio of Earnings to Fixed Charges
     2.02       0.01       2.11       0.24       1.89  
                                         
Coverage deficiency
   $ —     $ 173.5     $ —     $ 116.2     $ —  

ALASKA AIRLINES INC Reports