JetBlue Airlines 2006 Annual Report Download - page 98
Download and view the complete annual report
Please find page 98 of the 2006 JetBlue Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104
 |
 |
Exhibit 12.1
JETBLUE AIRWAYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
Year Ended December 31,
2006 2005 2004 2003 2002
Earnings:
Income (loss) before income taxes................ $ 9 $ (24) $ 75 $ 174 $ 95
Less: capitalized interest ........................ (27) (16) (9) (5) (5)
Add:
Fixed charges ................................ 263 172 113 79 53
Amortization of capitalized interest............. 1 1 1 — —
Adjusted earnings ......................... $ 246 $ 133 $ 180 $248 $143
Fixed charges:
Interest expense................................ $ 169 $ 104 $ 52 $ 28 $ 20
Amortization of debt costs ...................... 4 3 1 1 1
Rent expense representative of interest ........... 90 65 60 50 32
Total fixed charges ........................... $ 263 $ 172 $ 113 $ 79 $ 53
Ratio of earnings to fixed charges (1) ............... — — 1.59 3.14 2.69
(1) Earnings were inadequate to cover fixed charges by $17 million and $39 million for the years
ended December 31, 2006 and 2005, respectively.