Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - HAWAIIAN HOLDINGS INC | a11-25477_110q.htm |
| EX-32.1 - EX-32.1 - HAWAIIAN HOLDINGS INC | a11-25477_1ex32d1.htm |
| EX-32.2 - EX-32.2 - HAWAIIAN HOLDINGS INC | a11-25477_1ex32d2.htm |
| EX-31.1 - EX-31.1 - HAWAIIAN HOLDINGS INC | a11-25477_1ex31d1.htm |
| EX-31.2 - EX-31.2 - HAWAIIAN HOLDINGS INC | a11-25477_1ex31d2.htm |
| EXCEL - IDEA: XBRL DOCUMENT - HAWAIIAN HOLDINGS INC | Financial_Report.xls |
Exhibit 12
Hawaiian Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
| ||||||||
|
|
|
2011 |
|
2010 |
|
2011 |
|
2010 |
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|
|
(in thousands, except for ratio) |
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|
Earnings (Loss) |
|
|
|
|
|
|
|
|
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|
Income (loss) before income taxes |
|
$ |
47,326 |
|
$ |
42,160 |
|
$ |
(33,761 |
) |
$ |
58,440 |
|
|
|
|
|
|
|
|
|
|
|
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Additions: |
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|
|
|
|
|
|
|
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Total fixed charges (see below) |
|
20,741 |
|
15,504 |
|
58,828 |
|
48,531 |
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|
|
|
|
|
|
|
|
|
|
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Subtractions: |
|
|
|
|
|
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|
|
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|
Interest capitalized |
|
2,647 |
|
785 |
|
5,807 |
|
1,308 |
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|
Earnings as adjusted |
|
$ |
65,420 |
|
$ |
56,879 |
|
$ |
19,260 |
|
$ |
105,663 |
|
|
|
|
|
|
|
|
|
|
|
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|
Fixed Charges: |
|
|
|
|
|
|
|
|
| ||||
|
Interest on indebtedness, expensed or capitalized |
|
$ |
6,683 |
|
$ |
1,655 |
|
$ |
13,411 |
|
$ |
11,050 |
|
|
Amortization of debt expense |
|
1,054 |
|
278 |
|
2,409 |
|
859 |
| ||||
|
Portion of rental expense representative of the interest factor |
|
13,004 |
|
13,571 |
|
43,008 |
|
36,622 |
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|
Total fixed charges |
|
$ |
20,741 |
|
$ |
15,504 |
|
$ |
58,828 |
|
$ |
48,531 |
|
|
|
|
|
|
|
|
|
|
|
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|
Ratio of earnings to fixed charges |
|
3.15 |
|
3.67 |
|
— |
|
2.18 |
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|
|
|
|
|
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|
|
|
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Coverage deficiency |
|
$ |
— |
|
$ |
— |
|
$ |
39,568 |
|
$ |
— |
|