Attached files
| file | filename |
|---|---|
| EX-31.2 - EXHIBIT 31.2 - JETBLUE AIRWAYS CORP | q32015exhibit312.htm |
| EX-32 - EXHIBIT 32 - JETBLUE AIRWAYS CORP | q32015exhibit32.htm |
| EX-31.1 - EXHIBIT 31.1 - JETBLUE AIRWAYS CORP | q32015exhibit311.htm |
| EX-10.1 - EXHIBIT 10.1 - JETBLUE AIRWAYS CORP | q32015exhibit101.htm |
| 10-Q - 10-Q - JETBLUE AIRWAYS CORP | q3201510-qdocument.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, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Earnings: | ||||||||||||||||
Income before income taxes | $ | 322 | $ | 132 | $ | 794 | $ | 483 | ||||||||
Less: Capitalized interest | (2 | ) | (4 | ) | (6 | ) | (11 | ) | ||||||||
Add: | ||||||||||||||||
Fixed charges | 54 | 63 | 168 | 187 | ||||||||||||
Amortization of capitalized interest | 1 | 1 | 3 | 3 | ||||||||||||
Adjusted earnings | $ | 375 | $ | 192 | $ | 959 | $ | 662 | ||||||||
Fixed charges: | ||||||||||||||||
Interest expense | $ | 30 | $ | 35 | $ | 94 | $ | 108 | ||||||||
Amortization of debt costs | 2 | 2 | 4 | 5 | ||||||||||||
Rent expense representative of interest | 23 | 26 | 70 | 74 | ||||||||||||
Total fixed charges | $ | 55 | $ | 63 | $ | 168 | $ | 187 | ||||||||
Ratio of earnings to fixed charges (1) | 6.89 | 3.05 | 5.71 | 3.54 | ||||||||||||
____________________________
(1) All ratios shown in the above table have been calculated using unrounded numbers.