Airtran 2010 Annual Report Download - page 130

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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,
2005 2006 2007 2008 2009 2010
Income (loss) before taxes and cumulative effect of change in
accounting principle $ 15,007 $ 24,307 $ 83,948 $ (300,750) $ 135,339 $ 59,844
Add: Total fixed charges (per below) 171,483 213,146 242,893 242,071 233,717 223,279
Less: Interest capitalized during the period (16,107) (18,651) (13,710) (7,707) (1,692) (2,055)
Earnings $ 170,383 $ 218,802 $ 313,131 $ (66,386) $ 367,364 $281,068
Interest (including amortization of debt discount) $ 35,518 $ 56,352 $ 81,904 $ 85,479 $ 83,967 $ 80,825
Interest portion of rent expense 135,965 156,794 160,989 156,592 149,750 142,454
Fixed charges $ 171,483 $ 213,146 $ 242,893 $ 242,071 $ 233,717 $223,279
Ratio of earnings to fixed charges 1.0 1.0 1.3 * 1.6 1.3
(*) For the year ended December 31, 2008, our earnings were insufficient to cover our fixed charges by $308.5 million.