JetBlue Airlines 2013 Annual Report Download - page 89

Download and view the complete annual report

Please find page 89 of the 2013 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.

Page out of 96

  • 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

JETBLUE AIRWAYS CORPORATION-2013Annual Report 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,
2013 2012 2011 2010 2009
Earnings:
Income before income taxes $ 279 $ 209 $ 145 $ 161 $ 104
Less: Capitalized interest (13) (8) (5) (4) (7)
Add:
Fixed charges 255 270 273 272 298
Amortization of capitalized interest 3 2 2 2 2
Adjusted earnings $ 524 $ 473 $ 415 $ 431 $ 397
Fixed charges:
Interest expense $ 154 $ 167 $ 171 $ 172 $ 189
Amortization of debt costs 8 9 8 8 9
Rent expense representative of interest 93 94 94 92 100
TOTAL FIXED CHARGES $ 255 $ 270 $ 273 $ 272 $ 298
RATIO OF EARNINGS TO FIXED CHARGES 2.05 1.75 1.52 1.59 1.33
EXHIBIT 21.1 List of Subsidiaries as of December 31, 2013
BlueBermuda Insurance, LTD (Bermuda corporation)
LiveTV, LLC (Delaware limited liability company)
LTV Global, Inc. (Delaware corporation)
LiveTV International, Inc. (Delaware corporation)
LiveTV Satellite Communications, LLC. (Delaware limited liability company)
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 18, 2014, with respect to the consolidated financial statements of JetBlue Airways Corporation, the effectiveness of internal
control over financial reporting of JetBlue Airways Corporation and the financial statement schedule of JetBlue Airways Corporation listed in Item 15(2)
included in this Annual Report (Form 10-K) of JetBlue Airways Corporation for the year ended December 31, 2013.
/s/ Ernst & Young LLP
New York, New York
February 18, 2014