JetBlue Airlines 2012 Annual Report Download - page 87

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JETBLUE AIRWAYS CORPORATION-2012 10K 83
PART IV
ITEM 15Exhibits and Financial Statement Schedules
EXHIBIT 12.1 Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratios)
Year Ended December31,
2012 2011 2010 2009 2008
Earnings:
Income before income taxes $ 209 $ 145 $ 161 $ 104 $ (89)
Less: Capitalized interest (8) (5) (4) (7) (48)
Add:
Fixed charges 270 273 272 298 357
Amortization of capitalized interest 2 2 2 2 2
Adjusted earnings $ 473 $ 415 $ 431 $ 397 $ 222
Fixed charges:
Interest expense $ 167 $ 171 $ 172 $ 189 $ 228
Amortization of debt costs 9 8 8 9 17
Rent expense representative of interest 94 94 92 100 112
TOTAL FIXED CHARGES $ 270 $ 273 $ 272 $ 298 $ 357
RATIO OF EARNINGS TO FIXED CHARGES
(1) 1.75 1.52 1.59 1.33 —
(1) Earnings were inadequate to cover fixed charges by $135 million for the year ended December31, 2008.
EXHIBIT 21.1 List of Subsidiaries as of December 31, 2012
LiveTV, LLC (Delaware limited liability company)
LiveTV International, Inc. (Delaware corporation)
BlueBermuda Insurance, LTD (Bermuda corporation)
LiveTV Airfone LLC. (Delaware limited liability company)
JetBlue Airways Corporation Sucursal Colombia (Colombia corporation)
EXHIBIT 23 Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the following Registration Statements:
(1) Registration Statement (Form S-8 No. 333-86444) pertaining to the JetBlue Airways Corporation 2002 Stock Incentive Plan;
(2) Registration Statement (FormS-8 No. 333-129238) pertaining to the JetBlue Airways Corporation Crewmember Stock Purchase Plan;
(3) Registration Statement (Form S-8 No. 333-161565) pertaining to the JetBlue Airways Corporation 2002 Stock Incentive Plan and the JetBlue
Airways Corporation Crewmember Stock Purchase Plan;
(4) Registration Statement (Form S-8 No. 333-174947) pertaining to the JetBlue Airways Corporation 2011 Incentive Compensation Plan and the
JetBlue Airways Corporation 2011 Crewmember Stock Purchase Plan;
(5) Registration Statement (Form S-3 No. 333-181058) of JetBlue Airways Corporation; and
(6) Registration Statement (Form S-3 No. 333-184730) of JetBlue Airways Corporation
of our reports dated February 20, 2013, with respect to the consolidated fi nancial statements of JetBlue Airways Corporation, the effectiveness of internal
control over fi nancial reporting of JetBlue Airways Corporation and the fi nancial statement schedule of JetBlue Airways Corporation listed in Item 15(2)
included in this Annual Report (Form 10-K) for the year ended December31, 2012.
/s/ Ernst & Young LLP
New York, New York
February 20, 2013